• 분석과 대안
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• 제3권1호
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• pp.135-157
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• 2019

The linkages between asset prices and macroeconomic outcomes are long-standing issue to both economists and monetary authorities. This paper explores the impact of asset prices on output and price in China. It focuses on the impacts of asset prices on the low quantiles of GDP gap and high quantiles of price gaprespectively. The main findings are the following: the influence of stock price gap, stock returns, and money growth on the different quantile of GDP gap and price gap are noticeable different, and there are significant impacts on the left tail of GDP gap distribution and on the right tail of price gap distribution. This implies that the results coming from simple regression will underestimate the economic risk imposed by asset price volatility. Moreover, these results also provide the caveat that one should cautiously distinguish the meaning of asset price gap and asset price growth rate and use them, through their contents are similar in some sense. One implication for monetarypolicy is that authority should interpret the relationship between asset prices and macro-economy in wider perspectives, and make the policy decision taking the impacts of asset prices on the tails of economy.

• The Journal of Asian Finance, Economics and Business
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• 제6권3호
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• pp.163-172
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• 2019

The paper aims to investigate the impact of the gap between domestic and international gold price on money demand in Vietnam, an emerging economy in the Asian region. We use a quarterly database collected from the first quarter of 2004 to the fourth quarter of 2016. The time-series database includes 52 observations. The money demand is represented by M2; Domestic income is the Gross domestic product at the constant prices of 1994; Inflation rate is calculated by the Customer Price Index from the General Statistics Office of Vietnam. The result confirms the existence of a long-term cointegration relationship between the money demand and the gap between domestic and international gold price as well as some variables including domestic income, inflation, and real exchange rate. The regression results also show that the gap between domestic and international gold price has a positive impact on money demand in the Vietnamese economy. Besides, the domestic income and international gold price have positive impacts on money demand while the inflation and real exchange rate are negatively related in the long run. This proves that the gap between the domestic and international gold price really has a positive impact on money demand in Vietnam during the study period.

• 한국식품저장유통학회지
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• 제18권5호
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• pp.684-691
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• 2011

GAP 인증제도 도입초기의 시기적 필요성을 반영하여 GAP 인증 수삼이 어떤 소비자를 대상으로 어떠한 방향의 마케팅전략을 수행해야하는지에 대한 방향성 제시를 위해 수삼 선택속성별 부분가치를 산출하였으며 GAP 인증 수삼의 시장예상점유율 시뮬레이션, 시장세분화(segmentation), 표적시장선정(targeting), 표적시장 소비자 특성 등에 대한 일련의 연구를 수행하였다. 수삼 선택의 주요 속성인 안전성, 크기, 가격에 대한 부분가치효용을 분석해 본 결과 일반 수삼보다는 GAP 수삼을 선호하였으며(1.373), 크기에 있어서는 큰 수삼을 선호하였고(1.014), 가격대는 낮은 것을 선호하였다. 또한 각 속성에 대한 상대적 중요도에서는 안전성이 47.2%, 크기가 35.0%, 가격이 17.8%의 중요도를 나타냈다. GAP 인증 수삼의 가상 상황에서의 시장점유율 시뮬레이션에서는 GAP 인증 수삼이 일반수삼과 비교하여 같은 크기에 가격이 다소 높거나, 같은 가격에 크기가 작은 경우에 도 소비자의 선택확률이 높은 것으로 분석되었다. 소비자 선호특성을 기반으로 군집분석을 통하여 수삼시장을 세분화한 결과, '큰 수삼 선호시장', '안전성 선호시장', '저가격 선호시장' 셋으로 나눌 수 있으며, 표적시장(target market)인 '안전성 선호시장'의 규모는 전체 수삼시장의 26.8%인 약 2,968톤으로 추정되었다. 또한 표적시장 소비자의 구매 특성을 살펴본 결과, 구입과 관련해서는 상대적으로 대형 마트에서의 수삼구매를 선호하는 것으로 나타났으며 포장지에 안전성이나 연근에 대한 정보를 표기하기를 원하고 있었다. 가격 및 재배년근과 관련해서는 750g 한 채당 자가 소비용은 2~3만원, 선물용은 5~6만원대를 상대적으로 선호하는 것으로 나타났으며 재배년근의 경우에는 4년근 선호비율이 타 군집(세분시장)보다 상대적으로 높게 나타나GAP 인증 수삼은 굳이 고년근으로 재배할 필요는 없을것으로 생각된다. 표적시장 소비자의 인구통계학적 특성을 살펴보면 여성비율이 상대적으로 높았으며 연령대는 40대 이하가 많았고 학력과 관련해서는 군집 간 유의성 있는 차이는 보이지 않았다.

• 농업과학연구
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• 제38권2호
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• pp.369-381
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• 2011

Ginseng in Korea has not only the big production value but also till a good reputation from overseas in the name of 'Korea Ginseng'. Having spread rapidly nationwide from 2000 year, its production keeps on increasing but its consumption becomes lazy and its price is also falling down because of comsumer's concern about mainly overusing pesticide for ginseng. In order to cope with this problem, the government introduced the GAP certification system to ginseng in 2006 to reflect consumer's needs for food safety. This system will be a good opportunity to promote ginseng consumption dramatically. In this aspect it is very important to know how well this system is established and how ginseng farmers build marketing strategies to draw new wind in the market. This study was carried out to look over the GAP certified ginseng system and show its marketing strategies using 4P's(product, place, promotion and price). The main results are as follows. GAP ginseng system currently has some weaknesses such as lack of systematic certification management and after-service, nonrealistic certification fee and poor linkage from production to consumption. In the marketing mix strategies, product strategy suggests that the most desirable appearance be transplanted ginseng filled with branch roots and 4 to 5 year-ginseng, and it is necessary to choose multi-brand strategy divided for present into for self-sufficiency and family brand strategy by use if its brand enlarges to processed products in the future. In the place strategy, 3 stages like 'producer group' - 'GAP certified facility' - 'sales shop' are based as the physical marketing channel according to traceability, and connected with giant retail market and environment friendly stand, and if its sales volume enlarges, it should be considered the GAP ginseng specialized marketplace which is a type of chain store. In the promotion strategy, the promotion of government level is necessary at first and producer alliances require the promotion targeting at the group of women under 40 with differentiation from price, quality, and safety. In the price strategy, the early stage-high price strategy which sets 20~25% higher for self-sufficiency and 30~35% for present is desirable.

• 응용통계연구
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• 제27권3호
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• pp.387-396
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• 2014

GDP갭(gap)이란 잠재GDP와 실제GDP의 격차로서 산출갭(Output gap)이라고도 한다. 잠재GDP는 노동, 자본 등 생산요소를 완전히 활용하여 달성할 수 있는 최대GDP라고 정의할 수 있다. GDP갭은 수요-공급간 불균형을 의미한다고 할 수 있으며 이러한 특성 때문에 물가 및 고용안정을 추구하는 중앙은행들은 정책수행과정에서 GDP갭을 중요한 정보변수로 활용하고 있다. 본 연구에서는 우리나라의 GDP갭을 그간 선행연구에서 사용하였던 필터링 방법에 의해 분해함으로써 GDP갭 변동을 야기하는 주요 요인이 무엇인지 살펴보았다. Fox 등 (2003)와 Fox와 Zurlinden (2006)에서 사용되었던 Super Smoother 알고리즘을 이용하여 우리나라의 명목GDP갭을 분해해 본 결과 이론적인 설명에 부합하는 것으로 나타났다. 명목GDP갭률 변동의 상당부분은 잔차인 총요소생산성으로 설명됨을 알 수 있었는데, 이는 최근들어 급격한 기술변화 및 환경변화 등 생산성 변화가 GDP변동에 큰 영향을 주고 있음을 의미한다. 다른 나라의 경우와 마찬가지로 국내물가의 영향력도 높은 것으로 나타났지만 대외 의존도가 높은 우리 경제의 특성상 교역조건의 변동 역시 상대적으로 명목GDP 움직임에 큰 영향을 주고 있는 것으로 분석되었다.

• 자원ㆍ환경경제연구
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• 제9권2호
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• pp.373-391
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• 2000

This paper investigates the existence of a long-run relationship between world oil price and consumer price index for Korea during 1983~1999. The cointegration and error correction modelling approaches have been applied. Empirical results suggest that there exists a long-run relationship among world oil prices. consumer prices, M2 and a production gap variable. The dynamic behavior of the relationship has been investigated by estimating a error correction model, in which the error correction term have been found significant. The error correction model has also been found to be robust as it satisfy almost all relevant diagnostic tests.

• East Asian Economic Review
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• 제22권3호
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• pp.337-370
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• 2018

This paper discusses the design of monetary policy in a New Keynesian small open economy framework by introducing nominal wage rigidities and incomplete exchange rate pass-through on import prices. Three main findings are summarized. First, with the existence of an incomplete exchange rate pass-through and nominal wage rigidities, the optimal policy is to seek to minimize the output gap, the variance of domestic price and wage inflation, as well as deviations from the law of one price. Second, the CPI inflation targeting Taylor rule is welfare enhancing when there is a technological shock to the economy. The exception occurs when there is a foreign income shock, which minimizes welfare losses under the domestic inflation targeting Taylor rule. Last, two stylized Taylor rules turn out to be a bad approximation, but the modified Taylor rules that respond to the unemployment gap rather than the output gap are a closer approximation to the optimal policy.

• 한국건축시공학회지
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• 제8권6호
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• pp.65-74
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• 2008

The aim is to get comprehensive view point for the price of apartment. Apartment construction cost is the sun of land cost and building cost. Land price reflects the value of location where building stands. When the gap between price and affordability is narrow enough, effective demand promote apartment construction. The today's trends of rising price, which began in apartment housing, spreads to real estates market and finally overall consumer price. Problem is that price is decided only by supplier's interest. Equilibrium-pricing is common process in housing market. However it is important to review hedonic price and the factor of housing services and focused on the affordability of demanders. AHP analysis was used to study real needs and preference of demanders and dealt with 200 interviewees with brief checklists. We found that social factor is more important than building cost or site development. Especially location of apartment is most important to affect environment quality and accessibility to facilities.

• 한국건축시공학회:학술대회논문집
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• 한국건축시공학회 2016년도 춘계 학술논문 발표대회
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• pp.249-250
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• 2016

Korean government has announced declared prices of apartment reflecting market condition each year. Therefore, on that basis, apartment owners have used as basic data trading apartments and the government has been used to calculate the tax. However, the sales prices and declared prices of apartment has occurred difference depending on the region and the brand. This study has analyzed and compared regional differences in sales price of apartments. The results of this study, we have known that sales price of apartments was a big difference depending on the region and the gross area. Especially, Seoul and Gyeonggi Province are the highest. And sales price of Southeast and urban area are the highest in Seoul. In the future, it is necessary that gap analysis between sales price and declared prices of apartment. And It is needed to develop apartment index considering the region and the gross area.

• 대한영양사협회학술지
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• 제3권2호
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• pp.123-140
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• 1997

The purpose of this study were to assess main management components that can lead to successful university foodservice operations. Specifically, it was intended to develop the tool which assesses the service quality, management, to assess the difference between customer importance from and perceptions of service quality, to compare management perceptions of customer importances with actual service delivery, and to identify internal problems which affect service quality with the use of gap model. Three types of questionnaires were developed and implemented for customers, foodservice personals and foodservice manager. Assessment tools were developed based on the literature review, SERVQUAL, GAP model, and the pilot study. Through the validity and reliability test, the questionnaires were revised. Questionnaires were distributed to 900 university students, 207 foodservice personnels, and 54 foodservice manager respectively. 831 university students, 177 foodservice personnels, and 48 foodservice manager were responded with a response rate of 92.3%, 85.5%, and 88.8% respectively. Statistical data analysis was completed using the SPSS programs for descriptive analysis, ANOVA. and SNK test. The results of this study can be summarized as follows : 1. In quality service management components, 31 quality service attributes were categorized and named into primary quality, secondary quality, hygiene, empathy, tangibles, reliability, responsiveness, and price by the factor analysis. 2. Importance mean score of customers was 4.02 out of 5, but perception mean score of customers was 2.55. So there was a relative big gap(1.47) between importance and perception scores, especially in three dimensions of responsiveness, primary quality, and hygiene. 3. It showed that customers' mean scores of perceived service quality by dimensions were the following order : price > reliability > secondary quality > hygiene > tangibles > primary quality > responsiveness > empathy. And the perception mean score of rented(2.59) or contracted(2.58) management was significantly higher than that of self-operated(2.48). 4. Customers' importances mean score which internal customers recognize was 4.23 out of 5, but service delivery mean score was 3.85. So there was a little gap(0.39) between management perceptions of customer importances and actual service delivery. 5. In gap model, SERVQUAL score showed -1.47, Gap 1 positive 0.15, gap 2 negative 0.61, and gap 3 was positive 0.19. 6. The internal problems were as follows : (1) The managers of University foodservice perceived well enough the customers' expectation value but their management competency was lacked in terms of responding customer needs, (2) The foodservice staff perceived service performance more highly than service quality specifications.