• Title/Summary/Keyword: Price index

Search Result 802, Processing Time 0.022 seconds

The Improvement of Housing Affordability by Transportation Savings in the Suburbs of Seoul Metropolitan (통근비용절감을 통한 서울근교도시 거주자의 주택구입능력 개선효과)

  • Choi, Jung-Woo;Baek, Sung-Joon;Lee, Jong-Hoon
    • Journal of the Korean housing association
    • /
    • v.23 no.5
    • /
    • pp.31-39
    • /
    • 2012
  • This study has analyzed the effect of the housing affordability improvement of the residents in the metropolitan areas, applying Transit Supportive Home Loan (TSHL) which extends the loan amount according to the transportation cost saving based on Location Efficiency Mortgage (LEM) System in the USA. The previous studies focused on introducing LEM system to Korea, whereas this study has analyzed TSHL effect for the first time, taking into account the situation in Korea. For analysis, The Transportation Savings (TS) is calculated and Housing Affordability Index (HAI) is drawn by applying increased TS and DTI (Debt to Income), so the improvements of housing purchasing ability is examined by HAI's improvement. As a result, transit commute 1 (having own car) and transit commute 2 (without having own cars) respectively produce the TS of monthly average 36 thousand won and 110 thousand won in comparison with car using commute. Each additional loan (TSHL) amounts to 16.57 million won and 54.07 million won. As the distance is farther and the house price cheaper, the improvement of HAI is more outstanding. City hall area showed the highest improvements of HAI by 9.3% (transit commute 1) and 21.9% (transit commute 2) increase, in comparison with car using commute.

Characteristics of Stochastic Volatility in Korean Stock Returns (우리나라 주식수익률의 확률변동성 특성에 관한 연구)

  • Chang, Kook-Hyun
    • The Korean Journal of Financial Management
    • /
    • v.20 no.1
    • /
    • pp.213-231
    • /
    • 2003
  • This paper uses the Efficient Method of Moments(EMM) of Gallant and Tauchen to estimate continuous-time stochastic volatility diffusion model for the Korean Composite Stock Price Index, sampled daily over $1995\sim2002$. The estimates display non-normality of stock index return, leptokurtic distribution, and stochastic volatility. Funker, this study suggests that two factor stochastic volatility model will be more desirable than one factor stochastic volatility model to estimate daily Korean stock return and also suggests that the stochastic volatility diffusions should allow for Poisson jumps of time-varying intensity.

  • PDF

Technology Convergence Map Creation and Country Profile Analysis in the Field of Artificial Intelligence (인공지능 분야의 기술융합맵 생성 및 국가 프로파일 분석)

  • Kim, Hyun-Woo;Noh, Kyung-Ran;Ahn, Sejung;Kwon, Oh-Jin
    • The Journal of the Korea institute of electronic communication sciences
    • /
    • v.12 no.1
    • /
    • pp.139-146
    • /
    • 2017
  • The interest about Artificial Intelligence through the AlphaGo Match in Korea has been increasing rapidly. So far, very little has been done in Artificial Intelligence. The aim of this paper is to reveal technology convergence and to assess the country profile in the field of artificial intelligence(AI). Technology convergence map was created after extracting USPTO patent grants and Web of Science data and generating matrics in the field of AI. Several Indicators were obtained by extracting and calculating SCOPUS Data that KISTI has. According to USPTO patent grants, it shows that AI technology has a strong relationship with several sectors such as cost/price determination, image analysis, and surgery, etc. Also, AI has a active convergence with some fields of Electrical and Electronic Engineering, BioTechnologies, and Medicine etc. According to country profile analysis, Korea reaches a global average growth index. However, in terms of specialization index (SI) and average of relative citations (ARC), there is a large gap between Korea and research leading countries.

A Study on Dietary Habit and Eating Snack Behaviors of Middle School Students with Different Obesity Indexes in Chungnam Area (충남 일부지역 중학생의 비만도에 따른 식습관 및 간식 섭취 실태)

  • Kim, Myung-Hee;Seo, Jin-Seon;Choi, Mi-Kyeong;Kim, Eun-Young
    • The Korean Journal of Food And Nutrition
    • /
    • v.25 no.1
    • /
    • pp.105-115
    • /
    • 2012
  • The purpose of this study was to investigate the dietary habits and snack consumption behaviors of middle school students with different obesity indexes in the Chungnam area. The survey was carried out using self-questionnaires and included 385 students(119 underweight, 193 normal weight, 66 overweight). The rate of skipping meals was higher for underweight students than overweight students; however, this difference was not statistically significant. The mean time of meal was 10 to 20 minutes and the criteria for choosing to eat a meal were 'hunger' and 'taste' in all groups. More than half of the subjects ate snacks 1 time a day, which were purchased outside. The typical snack time was 'between lunch and dinner'. The criteria of for consuming a meal were 'taste' and 'price' in all groups. In the underweight group, the snack food scores were ice cream(4.4), fruit(4.3), fried chicken(4.1), sports beverage(4.0), fruit juice(4.0), pizza(4.0) and, tteokbokki(3.9). In the normal weight group, the snack food scores were ice cream(4.3), fried chicken(4.2), pizza(4.0), sports beverage(3.9), fruit juice(3.9) and, tteokbokki(3.9) in the overweight group, the snack food scores were ice cream(4.3), fruit(4.3), fried chicken(4.2), yogurt(4.0), sports beverage(4.0), fruit juice(4.0) and, ramen(4.0). In conclusion, the snaking behaviors of the subjects were not significantly different based on their obesity index. However, this study may provide basic information on the snacking behaviors of middle school students, and the findings suggest that nutrition education or counseling can improve snack intake habits and positive behaviors toward healthy adolescents diets.

The Effect of the Characteristics of an Audit Committee on the Association between Audit Market Concentration and Audit Quality (감사위원회의 특성이 감사시장의 집중도와 감사품질 사이의 관계에 미치는 영향)

  • Song, Bomi
    • The Journal of the Korea Contents Association
    • /
    • v.20 no.1
    • /
    • pp.427-436
    • /
    • 2020
  • Prior literature shows that audit market concentration which is measured as the Herfindahl index is negatively associated with audit quality in Korea. This study analyzes whether characteristics of an audit committee have effect on the relation between audit market concentration and audit quality. This is because it is expected that effective audit committees restrict the tendency of dominant auditors to neglect their duties. The empirical results of this study using the sample firms having an audit committee listed in the Korea Composite Stock Price Index market for 2006-2015 are summarized as follows. First, consistent with prior research, audit quality decreases as audit market concentration increases. However, audit quality is not lowered as audit market concentration rises only when the audit committee has financial expertise among representative characteristics of an audit committee - independence, financial expertise, and activity. This research finds contributions in that it explores the effect of audit committee characteristics on audit quality in consideration of audit market concentration and utilizes the differential types of the characteristics of an audit committee at the same time.

Index block mapping for flash memory system (플래쉬 메모리 시스템을 위한 인덱스 블록 매핑)

  • Lee, Jung-Hoon
    • Journal of the Korea Society of Computer and Information
    • /
    • v.15 no.8
    • /
    • pp.23-30
    • /
    • 2010
  • Flash memory is non-volatile and can retain data even after system is powered off. Besides, it has many other features such as fast access speed, low power consumption, attractive shock resistance, small size, and light-weight. As its price decreases and capacity increases, the flash memory is expected to be widely used in consumer electronics, embedded systems, and mobile devices. Flash storage systems generally adopt a software layer, called FTL. In this research, we proposed a new FTL mechanism for overcoming the major drawback of conventional block mapping algorithm. In addition to the block mapping table, a index block mapping table with a small size is used to indicate sector location. The proposed indexed block mapping algorithm by adding a small size. By the simulation result, the proposed FTL provides an enhanced speed than a conventional hybrid mapping algorithm by around 45% in average, and the requirement of mapping memory is also reduced by around 12%.

Presumption Method for Optimum Correction Rate of Total Construction Cost Using the Median based on Historical Data Analysis in Public Office Buildings (공공건축물 실적자료 분석에 따른 중위수를 활용한 총공사비의 적정보정율 추정방법)

  • Yim, Jin-Ho;Park, Jun-Mo;Kim, Ok-Kyue
    • Journal of the Korea Institute of Building Construction
    • /
    • v.14 no.5
    • /
    • pp.415-422
    • /
    • 2014
  • There is growing difference between a planned value and an actual cost for increasing as an risk of construction cost. A construction cost index is an alternative to redeem a problem, but it is still very difficult to reduce an actual differential as a price fluctuation. Furthermore an existing theory of a construction cost index is overly complex, and is unsuitable for using in working-level. This study suggests an optimum correction rate in respect of a total construction cost. It is analyzing the actual cost of 53 public buildings that the Public Procurement Service ordered. The objects are main processes that include architectural works, mechanical works, electrical works, telecommunication works, and service facilities. It is compared a total construction cost based on absolute error rate using the median from frequentist principle. For this, it is selected the suitable regression model and set a correction rate.

Analysis on Expenditure Structures and Impact Factors of Household Transportation Cost (국내 가구 교통비의 지출 구조 및 영향요인 분석)

  • Han, Sang-Yong;Lee, Jae-Hun
    • Journal of Korean Society of Transportation
    • /
    • v.28 no.2
    • /
    • pp.33-43
    • /
    • 2010
  • The objective of this paper is to analyze expenditure structures and impact factors of household's transportation cost in order to provide policy-maker with quantitative and economic information for reducing household's transportation costs, using 1995-2007 household survey data. For this purpose, this study performed various economic analysis, including econometric regression analysis and income re-distributional effects. The four models were separately estimated with dependent variable (personal and public costs, public transit and private car costs) and independent variables (family, employ, age, education, cars, household income, region dummy variable). In addition, We analyzes impacts of transport policy instruments on the transportation expenditure. These instruments include changes of oil price and public transit fare, reform of public transport system, and extension of subway facilities. Finally, income re-distributional effects before and after transportation expenditure, using Pechman-Okner (PO) index and Wolfson index.

The Qualitative Trade Competitiveness of China in IT Industry: A Comparison to Korea and USA

  • Yu, Jae-Seon;Ding, Hao
    • Journal of Korea Trade
    • /
    • v.23 no.3
    • /
    • pp.20-37
    • /
    • 2019
  • Purpose - The purpose of this paper is to analyze the trade structure and competitiveness of China's information technology (IT) industry in comparison to that of Korea and the United States, particularly in terms of quality. Design/methodology/approach - Indices such as trade specialization index (TSI), Revealed Comparative Advantage (RCA), and Market Comparative Advantage (MCA) are used. Further, an Intra-industry Trade (IIT) index is used to analyze qualitative changes in horizontal intra-industry trade and intra-industry trade of high- and low-quality goods. Findings - China's IT industry has a comparative competitive advantage over that of Korea and the United States, and mainly exports goods of inferior quality and imports goods of superior quality. Further, China's horizontal intra-industry trade has been decreasing, while its vertical intra-industry trade has been increasing and vertical trade of inferior quality goods outweighs that of superior quality goods. This shows that China is rapidly catching up with Korea and the United States, even though its qualitative competitiveness has not significantly improved. Research limitations/implication - This study has academic and political implications, as it analyzes changes in China's IT trade competitiveness. However, it is somewhat limited as factors determining qualitative aspects has not been considered. Originality/value - Most studies aggregate analyses of export competitiveness using methodologies such as TSI, RCA, and market share. However, the focus of these methods is price competitiveness. Hence, an examination of the objective and qualitative trade competitiveness of China's IT industry is necessary. this study the trade structure and quantitative competitiveness of the industry by analyzing intra-industry trade focusing on the quality of competitiveness. Therefore, the changes in China's IT industry in the USA and Korea and in foreign trade competitiveness and quality competitiveness are clarified. The results show that the academic and policy implications of these changes in the IT industry will be a useful resource. This is the first study in Korea to attempt such an analysis. This is the first study in Korea to attempt such an analysis.

Trends in Inequality in Cigarette Smoking Prevalence by Income According to Recent Anti-smoking Policies in Korea: Use of Three National Surveys

  • Chang, Youngs;Cho, Sanghyun;Kim, Ikhan;Bahk, Jinwook;Khang, Young-Ho
    • Journal of Preventive Medicine and Public Health
    • /
    • v.51 no.6
    • /
    • pp.310-319
    • /
    • 2018
  • Objectives: This study examined trends in inequality in cigarette smoking prevalence by income according to recent anti-smoking policies in Korea. Methods: The data used in this study were drawn from three nationally representative surveys, the Korea National Health and Nutrition Examination Survey, the Korea Community Health Survey, and the Social Survey of Statistics Korea. We calculated the age-standardized smoking prevalence, the slope index of inequality, and the relative index of inequality by income level as a socioeconomic position indicator. Results: Smoking prevalence among men decreased during the study period, but the downward trend became especially pronounced in 2015, when the tobacco price was substantially increased. Inequalities in cigarette smoking by income were evident in both genders over the study period in all three national surveys examined. Absolute inequality tended to decrease between 2014 and 2015 among men. Absolute and relative inequality by income decreased between 2008 and 2016 in women aged 30-59, except between 2014 and 2015. Conclusions: The recent anti-smoking policies in Korea resulted in a downward trend in smoking prevalence among men, but not in relative inequality, throughout the study period. Absolute inequality decreased over the study period among men aged 30-59. A more aggressive tax policy is warranted to further reduce socioeconomic inequalities in smoking in young adults in Korea.