• 제목/요약/키워드: Spillover Effect

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경제성장에 있어서 대학교육의 영향 (The Impact of College Education in the Korean Economic Growth)

  • 김선재
    • 한국콘텐츠학회논문지
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    • 제19권2호
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    • pp.508-515
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    • 2019
  • 본 연구는 한국에서의 대학교육이 경제 사회적 수익성 관점에서 얼마나 많은 긍정적인 파급효과를 가지고 있는지를 1971~2017년 기간의 자료를 이용하여 분석하였다. 첫 번째로 대졸자 수와 비대졸자수 비율 즉 비대졸자수 1인당 대졸자 수가 비대졸자의 월평균임금에 미치는 형향을 추정하였다. 추정된 계수는 0.433으로 95%의 신뢰수준에서 통계적으로 유의미한 결과를 보였다. 이 같은 결과는 대학교육의 비대졸 출신자들의 소득을 증대시켜 간접적으로 국민경제에 긍정적인 파급효과를 미치고 있음을 보여준다고 하겠다. 두 번째로 비대졸자 1인당 자본량이 월평균임금에 미치는 영향을 분석하였다. 계수는 0.45646으로 약 99%의 신뢰수준에서 통계적 유의성을 보이고 있음에 따라 1%의 비대졸자 1인당 자본량 증가는 비대졸자 1인당 월평균임금은 약 0.45646% 증가시키는 것으로 나타났다. 따라서 본 연구 결과는 선행연구와 유사하게 지난 40여 년간 한국에서의 대학교육은 국민경제에 긍정적인 파급효과를 준 것으로 보여진다. 끝으로 또 다른 파급효과를 추정하기 위하여 대졸 1인당 특허등록수를 독립변수로 추가하였으나 한 기간 외는 통계적으로 유의성이 증명되지 못하였다.

Information Transmission of Volatility between WTI and Brent Crude Oil Markets

  • Kang, Sang Hoon;Yoon, Seong-Min
    • 자원ㆍ환경경제연구
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    • 제22권4호
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    • pp.671-689
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    • 2013
  • Transmission mechanisms of volatility between two crude oil markets (WTI and Brent markets) have drawn the attention of numerous academics and practitioners because they both play crucial roles in portfolio and risk management in crude oil markets. In this context, we examined the volatility linkages between two representative crude oil markets using a VECM and an asymmetric bivariate GARCH model. First, looking at the return transmission through the VECM test, we found a long-run equilibrium and bidirectional relationship between two crude oil markets. However, the estimation results of the GARCH-BEKK model suggest that there is unidirectional volatility spillover from the WTI market to the Brent market, implying that the WTI market tends to exert influence over the Brent market and not vice versa. Regarding asymmetric volatility transmission, we also found that bad news volatility in the WTI market increases the volatility of the Brent market. Thus, WTI information is transmitted into the Brent market, indicating that the prices of the WTI market seem to lead the prices of the Brent market.

Impact of Economic Policy Uncertainty and Macroeconomic Factors on Stock Market Volatility: Evidence from Islamic Indices

  • AZIZ, Tariq;MARWAT, Jahanzeb;MUSTAFA, Sheraz;KUMAR, Vikesh
    • The Journal of Asian Finance, Economics and Business
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    • 제7권12호
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    • pp.683-692
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    • 2020
  • The primary purpose of the study is to investigate the volatility spillovers from global economic policy uncertainty and macroeconomic factors to the Islamic stock market returns. The study focuses on the Islamic stock indices of emerging economies including Indonesia, Malaysia, and Turkey. The Macroeconomic factors are industrial production, consumer price index, exchange rate. EGARCH model is employed for investigation of volatility spillovers. The results show that the global economic policy uncertainty has a significant spillover effect only on the returns of Turkish Islamic stock index. Similarly, the shocks in macroeconomic factors have little influence on the volatility of Islamic indices returns. The volatility of Indonesian and the Turkish Islamic stock indices returns is not influenced from the fluctuations in macroeconomic factors. However, there is significant volatility spillover only from industrial production to the returns of Malaysian Islamic index. The results suggest that the Islamic stock markets are less likely to influence from the global economic policies and macroeconomic factors. The stability of Islamic stocks provide opportunity for diversification of portfolios, particularly in stressed market conditions. The major price factors of Islamic markets could be firms' specific factors or investors' behaviors. The findings are helpful for policy makers and investors in formulating policies and portfolios.

쉘 구조물의 진동제어를 위한 분포형 압전 감지기/작동기의 설계 최적화 (Distributed Piezoelectric Sensor /Actuator Optimal Design for Active Vibration Control of Shell Structure)

  • 황준석;목지원;김승조
    • 한국복합재료학회:학술대회논문집
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    • 한국복합재료학회 2000년도 춘계학술발표대회 논문집
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    • pp.154-157
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    • 2000
  • Distributed piezoelectric sensor and actuator system has been designed for the active vibration control of shell structure. PVDF is used for the materials of sensor/actuator. To prevent the adverse effect of spillover, distributed modal sensor/actuator system is established. Although shell structure is three-dimensional structure, the PVDF sensor/actuator system can be treated as two-dimensional Finite element programs are developed to consider curved structures having PVDF modal sensor/actuator. The nine-node Mindlin shell element with five nodal degree of freedoms is used for finite element discretization. The electrode patterns and lamination angle of PVDF sensor/actuator are optimized to design the modal sensor/actuator system Genetic algorithm is used for optimization. Sensor is designed to minimize the observation spillover, and actuator is designed to minimize the system energy of the control modes under a given initial condition. Modal sensor/actuator for the first and second modes of singly curved cantilevered shell structure are designed using mentioned methods. Discrete LQG method is used as a control law. Experimental demonstrations of the active vibration control with designed sensor/actuator system have been performed successfully.

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유연한 단일링크 로봇 조작기의 최적귀환제어 (Optimal feedback control of a flexible one-link robotic manipulator)

  • 하영균;김승호;이상조;박영필
    • 대한기계학회논문집
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    • 제11권6호
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    • pp.923-934
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    • 1987
  • 본 연구에서는 유연한 로봇 조각기를 허브가 있는 첨단질량이 부착된 유연한 외팔보로 모델링하고 Hamilton의 원리에 의하여 유도된 운동방정식을 Galerkin의 모우 드 합 방접을 이용하여 유한차원화하여 상태방정식으로 표시하였다. 계를 제어 모우 드부(controlled mode part)와 잔류 모우드부(residual mode part)로 나누어 제어 모 우드부에 대해 최적제어 이론을 도입하여 귀환계수(feedback ccefficient)를 구하였으 며 측정이 불가능한 상태변수(inaccessible state)를 근사적으로 추정하기 위하여 Lu- enberger 관측기가 사용되었다.2차 성능계수(quadratic performance index)내의 입 력에 대한 가중치의 변화에 따른 제어효과 및 계의 여러 모우드중 중요 모우드만 제어 하는 제어기를 사용함에 따른 Spillover 효과가 계의 제어효과에 미치는 영향을 시뮬 레이션을 통하여 고찰하였으며, 또한 실험을 통하여 이론의 타당성을 검토하였다.

블록 역행렬 기법에 의한 다중입출력 양변위 되먹임제어기의 설계 (Design of Multi-Input Multi-Output Positive Position feedback Controller based on Block-Inverse Technique)

  • 곽문규
    • 한국소음진동공학회:학술대회논문집
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    • 한국소음진동공학회 2005년도 춘계학술대회논문집
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    • pp.508-514
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    • 2005
  • This paper is concerned with the active vibration control of a grid structure equipped with piezoceramic sensors and actuators. The grid structure is a replica of the solar panel commonly mounted on satellites, which contains complex natural mode shapes. The multi input and multi output positive position feedback controller is considered as an active vibration controller for the grid structure. A new concept, the block-inverse technique, is proposed to cope with more modes than the number of actuators and sensors. This study also deals with the stability and the spillover effect associated with the application of the multi-input multi-output positive position feedback controller based on the block inverse technique. It was found that the theories developed in this study are capable of predicting the control system characteristics and its performance. The new multi-input multi-output positive position feedback controller was applied to the test structure using a digital signal processor and its efficacy was verified by experiments..

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Negative Spillover Effects of Other-Customer Failure in Airline Context

  • Kim, Mi-Jeong;Park, Chul-Ju;Park, Jae-Sung
    • 유통과학연구
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    • 제15권1호
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    • pp.15-20
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    • 2017
  • Purpose - Other customers within the same service environment do influence a customer' attitude and behavior toward a service firm. Specially, other customers' misbehaviour and various service problems stemmed from them could make the other customers suffer some bad experiences. However, there are few studies to answer how the spillover effect of a service failure arisen from other customers' misbehavior. This study is aimed to examine how service failure due to the dysfunctional behavior of other customers has negative effects on customer evaluation with the service provider. Research design, data, and methodology - Data were collected from a survey based on consumers' retrospective experiences in airline service context. The hypothesized relationships were tested conducting structural equation modeling. Results - Our results show that the attribution of a firm responsibility for other-customer failure has a positive influence on customer's recovery expectation, in turn, it is negatively related to customer satisfaction. Furthermore, perceived service provider's efforts positively influence customer satisfaction. Conclusions - Although a service failure was caused by other customer's misbehavior, employees should be able to alleviate any bad feelings of the affected customers. Furthermore, service providers should provide proper recovery efforts for solving problems caused by the other customers for the wounded customers.

블록 역행렬 기법에 의한 다중입출력 양변위 되먹임제어기의 설계 (Design of Multi-input Multi-output Positive Position Feedback Controller Based on Block-inverse Technique)

  • 곽문규
    • 한국소음진동공학회논문집
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    • 제15권9호
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    • pp.1037-1044
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    • 2005
  • This paper is concerned with the active vibration control of a grid structure equipped with piezoceramic sensors and actuators. The grid structure is a replica of the solar panel commonly mounted on satellites, which contains complex natural mode shapes. The multi-input and multi-output positive position feedback controller is considered as an active vibration controller for the grid structure. A new concept, the block-inverse technique, is proposed to cope with more modes than the number of actuators and sensors. This study also deals with the stability and the spillover effect associated with the application of the multi-input multi-output positive position feedback controller based on the block-inverse technique. It was found that the theories developed in this study are capable of predicting the control system characteristics and its performance. The new multi-input multi-output positive position feedback controller was applied to the test structure using a digital signal processor and its efficacy was verified by experiments.

Active Vibration Control of Composite Shell Structure using Modal Sensor/Actuator System

  • Kim, Seung-Jo;Hwang, Joon-Seok;Mok, Ji-Won
    • International Journal of Aeronautical and Space Sciences
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    • 제7권1호
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    • pp.106-117
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    • 2006
  • The active vibration control of composite shell structure has been performed with the optimized sensor/actuator system. For the design of sensor/actuator system, a method based on finite element technique is developed. The nine-node Mindlin shell element has been used for modeling the integrated system of laminated composite shell with PVDF sensor/actuator. The distributed selective modal sensor/actuator system is established to prevent the effect of spillover. Electrode patterns and lamination angles of sensor/actuator are optimized using genetic algorithm. Continuous electrode patterns are discretized according to finite element mesh, and orientation angle is encoded into discrete values using binary string. Sensor is designed to minimize the observation spillover, and actuator is designed to minimize the system energy of the control modes under a given initial condition. Modal sensor/actuator for the first and the second mode vibration control of singly curved cantilevered composite shell structure are designed with the method developed on the finite element method and optimization. For verification, the experimental test of the active vibration control is performed for the composite shell structure. Discrete LQG method is used as a control law.

PVDF 필름 형상최적화에 의한 복합재료 쉘의 진동제어 시스템 설계 (Vibration Control System Design of Composite Shell by Profile Optimization of PVDF film)

  • 황준석;목지원;김승조
    • 한국복합재료학회:학술대회논문집
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    • 한국복합재료학회 2000년도 추계학술발표대회 논문집
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    • pp.228-231
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    • 2000
  • The active vibration control of laminated composite shell has been performed with the optimized sensor/actuator system. PVDF film is used fur the material of sensor/actuator. Finite element method is utilized to model the whole structure including the piezoelectric sensor/actuator system, The distributed selective modal sensor/actuator system is established to prevent the adverse effect of spillover. In the finite element discretization process, the nine-node shell element with five nodal degrees of freedoms is used. Electrode patterns and lamination angles of sensor/actuator are optimized using genetic algorithm. Sensor is designed to minimize the observation spillover, and actuator is designed to minimize the system energy of the control modes under a given initial condition. Modal sensor/actuator profiles are optimized for the first and the second modes suppression of singly curved cantilevered composite shell structure. Discrete LQG method is used as a control law. The real time vibration control with profile optimized sensor/actuator system has been performed. Experimental result shows successful performance of the integrated structure for the active vibration control.

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