• 제목/요약/키워드: Price Stabilization

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수산업관측사업의 가격안정화 효과 분석 (Price Stabilization Effect of the Fisheries Outlook Project)

  • 이상호;정원호
    • 수산경영론집
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    • 제53권4호
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    • pp.15-26
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    • 2022
  • This paper analyzed the price stabilization before and after the fisheries outlook project for seaweed, flatfish, and abalone. First, the stabilization effect was analyzed through the price variation coefficient before and after the observation project. In terms of the variation coefficient, there was no effect that the price was stabilized through the seaweed outlook project. However, it can be seen that flatfish and abalone have a price-stabilizing effect. Second, as a result of analyzing the price stabilization effect through the improved ARMA-T-GARCH model, it was confirmed that seaweed was not statistically significant while flatfish and abalone had a price stabilization effect by statistically significantly reducing volatility of real prices after the introduction of the fisheries outlook project. Third, as a result of analyzing the factors affecting price stability, it was found that the price of seaweed was stabilized after the WTO, but the Japanese earthquake expanded the price volatility. In the case of flatfish, it was analyzed that the price stabilized after the WTO and the Great Japanese Earthquake. Finally, the price of abalone has stabilized since the WTO and the Great Japanese Earthquake.

유가증권 시장조성제도가 코스닥IPO시장의 사전적 및 사후적 저평가에 미친 영향 (The Ex-ante and Ex-post Effects of the Price Stabilization Policies on IPO underpricing in KOSDAQ Markets)

  • 김수현;선우석호
    • 한국산학기술학회논문지
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    • 제13권1호
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    • pp.156-163
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    • 2012
  • 본 연구는 우리나라 주식시장에서 2000년 2월에서 2007년 6월까지 유지하여온 시장조성제도가 유형별로 각각 코스닥 IPO 저평가에 미친 영향을 분석함으로써 가격지지제도의 실효성과 유형별 차이를 검증하고자 하였다. 또한 저평가에 미친 영향을 사전적인 효과와 사후적인 효과로 나누어 분석함으로써 시장 반응을 시기적으로 분류하고자 하였다. 분석결과, 시장조성제도는 공모가 저평가에 사전적 및 사후적 모두 IPO 저평가를 확대시키며, 사전적 효과가 사후적 효과보다 큰 것으로 나타났다. 또한 시장조성제도 중 시장조성의무제도와 풋백옵션제도의 제도별 차이분석에 있어 시장조성의무제도가 풋백옵션제도 보다 사전적 및 사후적 모두에 있어 저평가를 더욱 확대시키는 것으로 나타났다. 본 연구는 시장조성제도의 전 과정을 분석 대상으로 한 점과 시장조성제도에 의한 저평가 영향을 사전, 사후적인 효과로 나누어 분석한 점에서 선행연구들과 차별성을 가진다.

넙치 관측사업 효과분석 : 가격안정 및 시장효율성 개선효과, 산지-도매가격간 인과성 분석을 중심으로 (The Effects of Olive Flounder Outlook Project : Price Stabilization, Market Efficiency, and Causality Analysis on the Prices by Distributional Channel)

  • 이헌동;안병일
    • 수산경영론집
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    • 제47권1호
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    • pp.1-20
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    • 2016
  • The purpose of this study is to assess the effects of outlook project for olive flounder, from the view point of price stabilization, market efficiency, and causality of the prices in different distribution channels. Analytical results show that the volatility of producer price of olive flounder has been significantly mitigated after the implementation of the outlook project. The market efficiency is estimated to be improved after implementing the outlook project although there is an inefficiency on price determination process in some producing regions. The causality test on the producer and wholesale price shows that producing stage leads the wholesale stage in forming the prices. It is found that Jeju leads the flounder price on the size of 500g and 2kg, while Wando leads the price of 1kg size. These estimation result as whole indicate that outlook project for olive flounder has accomplished the intended goals.

집값 안정을 위한 재건축 규제인가? 재건축 완화인가? (Housing Price Stabilization by Apartment Reconstruction with; Tightening rules to restrict demand? or Alleviating rules to increase supply?)

  • 이선
    • 기술사
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    • 제39권3호
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    • pp.32-35
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    • 2006
  • The recent speculation fever in Kangnam have been cooled down by the August 31 heavy taxation tool for curbing speculators. Another March 30 real estate control equipped with high capital gains tax up to 50% was targeting reconstruction projects of dilapidated apartment complexes mostly inside of Kangnam area. The shortage of larger unit supply with its high demand results in price polarization problem. It makes higher price for larger units and less price for smaller units, and therefore higher priced home owners become richer and lower priced home owners become poorer. To avoid the polarization problem and anther probable price hikes in the near future, it may be suggested to supply quality homes by loosening the tight rules for the apartment reconstruction project, and thereby kangnam housing price stabilization can be achieved.

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Improvement plan for vegetables by introducing the production and shipment stabilization policy

  • Ryu, Sangmo;Han, Sukho;Jang, Heesoo;Kim, Donghwan
    • 농업과학연구
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    • 제46권4호
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    • pp.813-825
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    • 2019
  • This paper investigated the effects of a government production and shipment stabilization policy and the improvement plan for vegetables in Korea. In this study, a simulation focused on the changes in farm income for Chinese cabbages & radishes using scenarios. The result shows an increase in farm income according to the government policy. In the short-term, demand and supply are fixed, and the policy effect is positive due to the price support effect of the project. However, for mid- to long-term, the price decreases due to the expansion of supply by business beneficiaries, which is likely to be adversely affected by an unstable supply and demand. This increases the burden of government and local government subsidies. This phenomenon is expected to be amplified as the ratio of production and shipbuilding stabilization programs and items expand. When expanding items and adjusting and setting the percentage of participation in the project, it is desirable to set and operate the appropriate business ratio taking into consideration the demand. To improve the effectiveness of the policy, the following remedies were suggested. First, national supply and demand guidelines should be set up, and the autonomous supply and demand control of the producers should be guided by the different preservation according to the implementation of the supply and demand control obligation. As for detailed equipment, it is necessary to establish the reproduction price for each item, set the base price for each wholesale market, increase the incentive for the producers to participate, and fund a business budget to secure business stability.

공영 빅데이터를 활용한 ADF 검정법의 거시경제 변수가 부동산시장에 미치는 영향에 관한 연구 (A Study on the Influence of Macroeconomic Variables of the ADF Test Method Using Public Big Data on the Real Estate Market)

  • 조대식
    • 한국전자통신학회논문지
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    • 제12권3호
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    • pp.499-506
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    • 2017
  • 현재 주택시장과 전세시장의 문제점을 도출하고 이를 해결하는 데 있어 자본시장 부분과 금리 부분 그리고 실물 시장으로 구분하여 많은 영향을 미치는 지표들을 감안하여 주택매매 시장과 주택 전세시장의 안정화를 위한 대책 마련에 중요한 지표가 될 것으로 보인다. 특히, 향후에 예측되는 경제위기 상황과 불확실한 미래의 또 다른 금융위기를 예측하여 부동산 가격의 급격한 변동에 사전 대비할 수 있는 자료를 공공데이터를 사용하여 제공코자 한다.

저가 관성센서 기반의 시선안정화 제어시스템 설계 (A Control System Design for the Line-of-Sight Stabilization based on Low-Cost Inertial Sensors)

  • 위정현;홍성경
    • 제어로봇시스템학회논문지
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    • 제9권3호
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    • pp.204-209
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    • 2003
  • The line-of-sight stabilization system is an equipment which is loaded on a vehicle and stabilizes the direction of the line-of-sight of the vision sensor to obtain a not-swayed image in the existence of external disturbances. To obtain accurate Euler angles and angular velocities simultaneously we usually need a control system which uses high-price inertial sensors including Vertical Gyro(VG) or Rate Integrating Gyro(RIG). In this paper, we design and implement a control system of a gimbal, which is a line-of-sight stabilization system using a low-cost mixed algorithm of a rate gyro and an accelerometer instead of a VG and a RIG. In the experiment where we laid the implemented line-of-sight stabilization system on the rate table. we can see the stabilized performance to external disturbances.

아파트 "분양가 상한제"."기본형 건축비" 산정 시행 정책-정부 아파트정책 어떻게 달라지나? VS 건설업계의 아파트사업은 어떻게? (Apartment "A sale in lots price upper limit system","Basic building cost" policy-How the governmental apartment policy is changing?)

  • 정무용
    • 기술사
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    • 제40권5호
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    • pp.73-78
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    • 2007
  • The apartment sale in lots price upper limit system was propelled from this month for stabilization of the residential policy that will lower the apartment sale in lots price. the private constructive industry presents how make activated the apartment enterprise, presents what kind of problems it has and points the complementary problems when the government enforcing it.

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An Analysis of the Impact of Climate Change on the Korean Onion Market

  • BAEK, Ho-Seung;KIM, In-Seck
    • 산경연구논집
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    • 제11권3호
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    • pp.39-50
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    • 2020
  • Purpose: Agriculture, which is heavily influenced by climate conditions, is one of the industries most affected by climate change. In this respect, various studies on the impact of climate change on the agricultural market have been conducted. Since climate change is a long-term phenomenon for more than a decade, long-term projections of agricultural prices as well as climate variables are needed to properly analyze the impact of climate change on the agricultural market. However, these long-term price projections are often major constraints on studies of climate changes. The purpose of this study is to analyze the impacts of climate changes on the Korean onion market using ex-post analysis approach in order to avoid the difficulties of long-term price projections. Research design, data and methodology: This study develops an annual dynamic partial equilibrium model of Korean onion market. The behavioral equations of the model were estimated by OLS based on the annual data from 1988 to 2018. The modelling system is first simulated to have actual onion market conditions from 2014 to 2018 as a baseline and then compared it to the scenario assuming the climatic conditions under RCP8.5 over the same period. Scenario analyses were simulated by both comparative static and dynamic approach to evaluate the differences between the two approaches. Results: According to the empirical results, if the climate conditions under RCP8.5 were applied from 2014 to 2018, the yield of onion would increase by about 4%, and the price of onion would decrease from 3.7% to 17.4%. In addition, the average price fluctuation rate over the five years under RCP8.5 climate conditions is 56%, which is more volatile than 46% under actual climate conditions. Empirical results also show that the price decreases have been alleviated in dynamic model compared with comparative static model. Conclusions: Empirical results show that climate change is expected to increase onion yields and reduce onion prices. Therefore, the appropriate countermeasures against climate change in Korean onion market should be found in the stabilization of supply and demand for price stabilization rather than technical aspects such as the development of new varieties to increase productivity.

전력시장 환경하에 입찰기반의 직접부하제어 운영방안 (Bid-based Direct Load Control Framework Under Electricity Markets)

  • 이호철;송성환;윤용태
    • 전기학회논문지
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    • 제58권3호
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    • pp.455-461
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    • 2009
  • This paper proposes Direct Load Control(DLC) operation scheme using a bidding system and the methodology to value proper quantity decided by the DLC program, which is a kind of resources for stabilization of electricity market price during peak times by managing consumer electricity demand. Since DLC program in Korea is based on the contract with the customers participating in this program, it is difficult to anticipate voluntary participation. That is, incentive for participants in DLC program is insufficient. To cope with this point, it is necessary to develop a new market mechanism and market compatible operation scheme for DLC programs. DLC market mechanism is deemed to be equipped with iterative bidding system, independent operation from energy market, and interactive with bidding information on energy market. With this market mechanism, it is important to find the optimal operation point of DLC allowing for the factors of stabilizing the electricity market price and compensating DLC implementation. This paper focuses on the mathematical approaches for the bid-based DLC operation scheme and examines several scenarios for the following technical justifications: 1) stabilization of electricity market price during peak times, 2) elasticity of demand.