• KDI Journal of Economic Policy
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• v.26 no.1
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• pp.105-140
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• 2004

Korea is entering the class of aging population nations. This paper investigates the extent demographic factors and the aging population affect the saving rate, using an extended life-cycle/permanent-income hypothesis on saving. The results of the tests with Korean household survey data from 1977 to 2002 reveal that real saving rates increase when the duration of lifetime and per household real disposable income rise, and decrease when the growth rate of income and net worth-to-GDP ratio rises. The growth rate of per household real disposable income has negative effects, suggesting that households calculate their life cycle income in a forward looking manner. The elasticities with respect to a change in the lifetime horizon and the growth rate of per household income are 0.58 and -0.03, respectively. A one percent rise in the net worth to GDP ratio reduces the saving rate by 0.3 percent. A one percent rise in per household income increases it by 0.33 percent. The younger-age and the elder-age dependency ratios have insignificant effects on the household saving rate behavior. When Korean life expectancy rises, the private saving rate declines modestly and the government saving rate declines substantially. The economy's real net saving rate declines from 33 percent in 2002 to 30 percent by the year 2030.

• Journal of Information Technology Applications and Management
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• v.29 no.2
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• pp.39-50
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• 2022

This research confirmed whether banks and saving banks increase their deposit margin under changes in the base rate. This paper has conclusions as follows. First, when the Bank of Korea changes the base rate, deposit rate variable are significant with panel analysis in the total data set and saving banks. This result implies that changes in the base rate affect deposit margin. Second, this study confirmed whether banks and saving banks maximize their deposit margin as base rate changes. As a result, when the Bank of Korea cut the base rate, the deposit margins of banks and saving banks decreased significantly. Still, their deposit margins are not statistically significant in the opposite situation. Therefore, this paper could not find evidence that banks and saving banks behave to maximize their deposit margin. Maybe, this phenomenon can appear because these financial institutions recognize this criticism.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.28 no.3
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• pp.115-122
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• 2016

In this study, 21 energy reduction factors were selected as architecture, system & operation, and lighting and equipment parts to analyze reduction method of the load occurring in office buildings. Energy consumption simulation was performed. In the architecture part, saving rate (1.53%) of "occupant density" factor was the most efficient. In the system and operation part, saving rate (1.28%) of "interior VAV and exterior FPU type" factor was the most efficient. In case of lighting and equipment part, saving rate (12.42%) of "schedule" factor was the most efficient. In the three parts, saving rate of the lighting and equipment part was 27.32%. This was caused by the "schedule" factor. Saving rates of the architecture part and the system and operation part were 3.39% and 1.20%, respectively.

• Journal of the Korean Home Economics Association
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• v.49 no.8
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• pp.37-46
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• 2011

Using the 1987-2008 quarterly aggregated data of the Household Income and Expenditure Survey, this study investigated the factors influencing household saving rate. The independent variables in the AR regression model were the GDP growth rate, shares of the total household expenditure allocated to tax & social insurance, and education, the variables reflecting the conditions of the asset market including interest rate, stock market index, and real estate price index, and the variables representing the social economic conditions including the index of aging and income inequality. Among the independent variables interest rate, stock market index, and income inequality were found to be significantly associated with the household saving rate. These results suggested that the redistribution and financial market policies favorable to savers may be effective for raising the household saving rate.

• Journal of the Korean Solar Energy Society
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• v.32 no.3
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• pp.50-58
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• 2012

The objective of this study is to evaluate the lighting dimming rates with various parameters of the building skin in a small office. We compared to simulated workplane illuminance and measured workplane illuminance for the base model. After that, the five veriables(the presence of vertical wall in double skin facade, the presence of windowsill, window to wall ratio(WWR), window visible transmittance, the width of double skin facade) were applied to base model, and we analyzed the simulated lighting energy saving rates. The results are listed as below. The simulated workplane illuminance results are similar to the measurement. Simulated illuminance was smaller than measured illuminance by 16.5%(60 lx). In accordance with applicable building skin parameters, lighting energy saving rate results are summarized as follows. Lighting energy saving rate of case1(windowsill height 0.7m) is higher than that of base case(windowsill and vertical wall) by 7.3% and the lighting energy saving rate of case2(no vertical wall) is higher than that of base case by 7.6% and the lighting energy saving rate of case3(no windowsill and vertical wall) is higher than that of base case by 12.4%. The lighting energy saving rate is increased by 2.3%, when window visible transmittance is increased from 70% to 86%. The lighting energy saving rate is increased by 4.6%, when we changed the WWR 70% to 90%. lighting energy savings rate is increased by 6.5%, when the width of double skin facade is reduced from 1m to 0.3m.

• Industry Promotion Research
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• v.1 no.1
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• pp.129-135
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• 2016

This study verified the water saving effect in case of raising water rate depends on water rate awareness. The study results showed that the perceived appropriacy of government aid(p<.001), home water rate(p<.01), water rate pricing system, water rate, water rate diffrences depend on use and area(p<.05) significantly affected the degree of agreement of raising water rate. Also, education, residence, member of household, occipation, monthly household income, monthly water rate significantly affected the degree of agreement of raising water rate, consumer behavior for saving water. This study provided implication for water rate pricing policy by analyzing the water saving effect in case of raising water rate depends on water rate awareness and revealing the determinants of the degree of agreement of raising water rate.

• Journal of Digital Convergence
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• v.13 no.10
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• pp.219-224
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• 2015

This research estimates the Mixture of Normals of households saving rate in Korea. Our sample is MDSS, micro-data in 2014 and Gibbs algorithm is used to estimate the Mixture of Normals. Evidences say some results. First, Gibbs algorithm works very well in estimating the Mixture of Normals. Second, Saving rate data has at least two components, one with mean zero and the other with mean 29.4%. It might be that households would be separated into high saving group and low saving group. Third, analysis of Mixture of Normals cannot answer that question and we find that income level and age cannot explain our results.

• The KSFM Journal of Fluid Machinery
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• v.18 no.6
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• pp.81-85
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• 2015

The purpose of this study is to evaluate energy savings for inverter driving multi-stage centrifugal pump. Variable speed driving pump system has high efficiency compared with constant speed driving pump system. Because of difficulty to estimate operating efficiency of variable speed driving pump system, energy saving rates are used to replace operating efficiency. energy saving rates are calculated from pump input power and pump duty cycle. But another researches have used pump duty cycles of each season for energy saving rate. In this study, for estimating energy saving rate more high accuracy, pump duty cycles are measured for 1 year. pump duty cycles, depending on the season and be classified according to the weekday/weekend or during the week day. By this pump duty cycles, Energy saving rate is calculated appropriately.

• Journal of the Korean Solar Energy Society
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• v.33 no.6
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• pp.54-61
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• 2013

This is study on the glazing performance of the apartment house to predict energy saving rate when the early design stage by calculating heating load. there are various factors of the window type in apartment building to save energy such as window's U-value, SC or SHGC, window wall ration, frame factor, sunshade coefficient and so on. In this study, we analyzed the heating load focused on the U-value, SC and window wall ration using variable heating degree days method for a small and middle size units $59m^2$, $84m^2$, respectively. Each cases were calculated heating load of the real models compared to standard model to predict energy saving rate. From those cases it was drew the conclusion that were window's U-value, SC and window wall ration for the small and middle size units to expect 10% energy saving rate at least.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.595-605
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• 2021

The objectives of this research are to see if the phenomena of "demand following" and "supply leading" exist in the business cycle, as well as to look at how liquidity and output react to changes in credit risk, investment-saving gap, inflation, exchange rate, and growth rate of real national output. Employing quarterly data of Maluku and North Maluku (2008-2019), this study utilizes VAR/VECM for inferential analysis. This research found three important findings. First, liquidity and output growth influenced each other in the long run. Second, the determinants of output growth for Maluku are liquidity, investment-saving gap, and inflation, while the determinants of liquidity are output-growth, the gap of investment-saving, and inflation. Third, the determinants of output growth for North Maluku are liquidity, credit risk, investment-saving gap, inflation, exchange rate, and the national output-growth, while the determinants of liquidity are output-growth, credit risk, investment-saving gap, inflation, exchange rate, and national output-growth. The findings of this study supported the hypothesis of demand following and supply leading theory in the Maluku and North Maluku business cycles. This study concludes that economic development would improve if supported by liquidity adequacy through increased deposit growth.