• KDI Journal of Economic Policy
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• v.32 no.4
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• pp.35-73
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• 2010

This paper examines consumption dynamics in relation to asset prices in Korea. Empirical analysis based on the error correction model shows that personal consumption is affected by changes in asset prices but the consumption converges to the long-run level of consumption corresponding to the total income flow in two years. This adjustment in consumption implies that the consumption error, reflected in the error correction term, should have predictability for the future consumption growth during the adjustment period. It is found that the error correction term has a long-run predictability for consumption over up to about 3 years; thus, confirming the error correction model. It is also found that housing prices have larger effects on consumption compared with stock prices in Korea. In addition, the effects of income and asset prices on consumption show bigger effects during contractionary period than expansionary period in business cycles. This paper also analyzes effects of asset wealth that reflects changes in both price and quantity. It is found that asset wealth has a long-run effect on consumption in addition to total income as determinants of consumption. Since wealth effects usually indicate the long-run effect of changes in asset wealth on consumption that is not explained by labor income, which is the proxy for human source of wealth, it is estimated with labor income used as a control variable. According to the estimation, the marginal propencity to consume out of asset wealth is approximately 2%. It means that 1,000won increase in asset wealth may lead to 20 won increase in consumption.

• Journal of the Institute of Electronics Engineers of Korea SD
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• v.40 no.6
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• pp.431-441
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• 2003

This paper presents the design of 32 bit microprocessor for a sequence control using a field programmable gate array(FPGA). The microprocessor was designed by a VHDL with top down method, the program memory was separated from the data memory for high speed execution of sequence instructions. Therefore it was possible that sequence instructions could be operated at the same time during the instruction fetch cycle. In order to reduce the instruction decoding time and the interface time of the data memory interface, an instruction code size was implemented by 32 bits. And the real time debug operation was implemented for easeful debugging the designed processor with a single step run, PC break point run, data memory break point run. Also in this designed microprocessor, pulse instructions, step controllers, master controllers, BM and BCD type arithmetic instructions, barrel shift instructions were implemented for sequence logic control. The FPGA was synthesized under a Xilinx's Foundation 4.2i Project Manager using a V600EHQ240 which contains 600,000 gates. Finally simulation and experiment were successfully performed respectively. For showing good performance, the designed microprocessor for the sequence logic control was compared with the H8S/2148 microprocessor which contained many bit instructions for sequence logic control. The designed processor for the sequence logic showed good performance.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.6
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• pp.109-116
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• 2020

The study examines the nexus between financial development and economic growth in India during Q1: 1996 to Q3: 2018. This study employs time-series data of real GDP and ratio of broad money to GDP as a proxy for economic and financial development, respectively. The data are obtained from RBI database on the Indian economy. All variables are seasonally adjusted using X12-arima technique and expressed in natural logarithm form. Non-linear Autoregressive Distributed Lag (NARDL) bound test has been used to check for cointegrating relationship of these two variables. Empirical findings suggest that, unlike in the short run, in the long run financial development does impact economic growth positively. Further, a symmetric effect of positive and negative components of financial development is found for the Indian economy, whereas the effect of control variable like exchange rate and trade openness is in consonance with common economic intuition. Exchange rate is in consonance with intuitive economic logic that a fall in exchange rate makes exports cheaper and increases the quantity of export, which improves the balance of payment and leads to a rise in aggregate demand, hence improves economic growth. This paper contributes to the existing literature on India by breaking down financial indicator into positive and negative components to examine the finance-growth relationship.

• Journal of Environmental Science International
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• v.7 no.1
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• pp.27-35
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• 1998

The present study intends to investigate the transient response of an atmosphere /ocean general circulation model to a gradual Increase of atmospheric carbon dioxide. To detect the climatic change of the for 1% $CO_2$ run with increasing $CO_2$ and the control run with fried $CO_2$ are compared. From response of the surface air temperature due to the gradual increase of atmospheric carbon dioxide is slowly increased with latitudes and is clearly larger over continents than oceans. The annual goffal mean temperature is continuously increased with 0.03552 per one year with strong SIN ratio and distinguished from the natural variability The time dependent response of the gradual increasing $CO_2$ has the strong seasonal variability with small change In summer and large change in winter, and the strong regional In the Asian and the American continents. It has been suggested that the direct and the feedback processes in the climate systems should be investigated by the detailed sensitivity runs to get the meaninguul estimate of the $CO_2$ forced variability.

• The Journal of Industrial Distribution & Business
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• v.8 no.3
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• pp.19-22
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• 2017

Purpose - To control exorbitant interest rates, implementation of an interest rate ceiling is a standard practice in microfinance. However, there are pros and cons of such market intervention. Hence, the aim of this short note is to highlight issues and challenges regarding the interest rate cap in microfinance, both from the perspective of clients and institutions. Research design, data, and methodology - While the nature of this short note is explanatory and descriptive, the research methodology used relevant data from the MixMarket and Microcredit Regulatory Authority (MRA) annual reports in Bangladesh. Results - We argue that an interest rate ceiling is detrimental both for the clients and microfinance institutions (MFIs). This market intervention substantially reduces the outreach of MFIs and clients are most likely to pay a higher price in the long-run. Additionally, an interest rate cap also puts severe pressure on new-born and high-cost MFIs to cope with the interest rate ceiling. Conclusions - Although market intervention may be necessary in the short-run, it should not be the ultimate solution to abate high interest in microfinance. Understanding the operational dynamics of MFIs, as well as promoting productivity, efficiency and competition could help to lower the interest rates.

• International Journal of Internet, Broadcasting and Communication
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• v.14 no.1
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• pp.162-169
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• 2022

Arduino is used in various places such as education, experimentation, and industry. Due to the easy accessibility of Arduino, it is often used by non-majors, and it is also used in media art and toy programs. Although Arduino is relatively easy to use compared to other devices, it is not easy to control various IoT components at the same time. Some tasks run independently of other tasks, while others run dependently. In this paper, I proposed the Arduino Task Framework to efficiently execute many tasks in these various situations. The design framework of this paper is largely composed of two types: synchronous execution and asynchronous execution. These two execution methods can be combined to create several independent and dependent execution routines. Asynchronous tasks are independently executed tasks and are managed by AsyncTaskGroup, while synchronous tasks are dependently executed tasks and are managed by SyncTaskGroup. AsyncTaskGroup instance and SyncTaskGroup instance are instances of the same Task and can be used in combination with another task. The Arduino framework proposed in this paper simplifies the program structure and can easily compose various tasks.

• Journal of Environmental Science International
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• v.7 no.6
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• pp.867-873
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• 1998

Laboratory study was conducted to provide basic data for operating anaerobic sequencing batch reactor(ASBR) process for treatment of nightsoil. The experiments were concerned with digestion characteristics, settleabiltity and dewaterability of digested sludge in ASBR system. Completely-mixed dally-fed control reactor without solid-liquid separation step was also operated to evaluate the baseline performance since the nature of nightsoil was changed with time. In all case, gas production from the ASBR shows 1.3 to 1.44 times higher than that from control, in spite of almost similar trend in organics removal. During thickening period, remarkable decrease in surface settling velocity was observed at the ASBRs compared with the control. In case of the ASBR run, flotation of mixed digested sludge was not occurred. Also, ultimate thickened volume of ASBRs increased 1.2~1.5 times compared with control. Dewaterability of digested sludge without conditioning decreased when the completely-mixed daily-fed reactor for ASBR run was converted to the ASBR. However, improvement of dewaterability of digested sludge from the ASBRs was observed as a result of addition of FeCl$_3$ to digested sludge for conditioning.

• Journal of Korean Society of Transportation
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• v.27 no.1
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• pp.27-34
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• 2009

The operational effect of traffic signal control improvement was evaluated using the Two-Fluid Model. The parameters engaged in the Two-Fluid Model becomes food indicators to measure the quality of traffic flow due to the improvement of traffic signal operation. A series of experiment were conduced for the 31 signalized intersections in Uijeongbu City. To estimate the parameters in the Two-Fluid Model the trajectory informations of individual vehicles were collected using the CORSIM and Run Time Extension. The test results showed 35 percent decrease of average minimum trip time per unit distance. One of the parameters in the Two-Fluid Model is a measure of the resistance of the network to the degraded operation with the increased demand. The test result showed 28 percent decrease of this parameter. In spite of the simulation results of the arterial flow, it was concluded that the Two-Fluid Model is useful tool to evaluate the improvement of the traffic signal control system from the macroscopic aspect.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.21-31
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• 2020

This study investigates the dynamic effects of economic development, international cooperation, electricity consumption, and political risk on the escalation of CO₂ emission in Vietnam. We adopted autoregressive distributed lag model and Granger causality method to examine the interaction between CO₂ and various economic and political factors, including foreign direct investment, trade openness, economic growth, manufacture, electricity consumption, and political risk in Vietnam since the economic revolution in 1986. The findings reflect opposite influence between these factors and the level of CO₂ in the intermediate and long-term durations. Accordingly, foreign direct investment and CO₂ emission have a bidirectional relationship, in which foreign direct investment accelerates short-term CO₂ emission, but reduces it in the long run through an interactive mechanism. Moreover, economic development increases the volume of CO₂ emission in both short and long run. There was also evidence that political risk has a negative effect on the environment. Overall, the findings confirm lasting negative environmental effects of economic growth, trade liberalization, and increased electricity consumption. These factors, with Granger causality, mutually affect the escalation of CO₂ in Vietnam. In order to control the level of CO₂, more efforts are required to improve administrative transparency, attract high-quality foreign investment, and decouple the environment from economic development.

• The Transactions of the Korea Information Processing Society
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• v.7 no.12
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• pp.3804-3814
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• 2000

This paper presents an efficient implementation of a run-time monitor which checks the satisfaction of the timing constraints of real-time object-oriented programs based on a real-time object model called TMO(Time-triggered Messagedtriggered Object). An execution environment of TMO programs on Windows as, WTMOS(Windows TMO System) has been utilized for the implementation and an experimental application for thermostatic control has been developed to analyze the performance of the run-time monitor. We suggest a methodology for application programmers to specify the target methods with the monitoring conditions and an implementation technique which incurs the small cost by effectively distributing the functions of the monitor into the WTMOS and a TMO object.