• The Journal of Asian Finance, Economics and Business
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• v.8 no.9
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• pp.1-9
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• 2021

This study aimed to investigate the existence of the Feldstein-Horioka (1980) puzzle in international macroeconomics by applying the conditional Autoregressive Distributed Lag (ARDL) model to examine the long-run relationship between national savings and investments in Thailand and China. The input of this study relied on annual national savings and investments as a fraction of GDP during 1980-2019 which was collected from China National Bureau of Statistics (NBS) and Thailand National Economic and Social Development Council (NESDC). Hypothetically, Augmented Dickey-Fuller (ADF) and Phillips-Perron (PP) unit root tests were applied to test the stationary properties and to investigate the integration level of selected time series. The empirical results, confirmed by cumulative sum (CUSUM) and cumulative sum square (CUSUMSQ), maintained no serial correlation and structural break problems. The finding of this study suggested that the Feldstein-Horioka puzzle in Thailand did not exist significantly. Thailand's national savings and investments nexus was independent, following the classic economic idea that financial liberalization, or perfect capital mobility, allowed national savings and investments to flow freely to countries with better interest rates. Whereas, a strong significant correlation was found in the case of China during the fixed exchange rate regime switching in 1994 and post WTO participation after 2001-2019.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.2
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• pp.141-149
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• 2022

Despite the importance of the insurance business for financial and economic development, few studies have looked at the factors that influence its growth. This research adds to the body of knowledge by empirically examining the impact of numerous factors on the development of the insurance business in 15 Middle East and North African (MENA) countries from 2000 to 2017. The study looks at macroeconomic, demographic, and institutional factors as potential drivers of the insurance industry's growth, with the insurance premium as a percentage of GDP as the dependent variable. All variables are stationary at the first difference, according to the IPS panel unit root test. The Pedroni residual cointegration test, Kao residual cointegration test, and Johansen-Fisher panel cointegration tests are then used to look for long-run associations. The cointegration tests strongly suggest that the insurance premium and the various variables have long-run correlations. Findings from the Fully-Modified OLS imply that GDP per capita, gross capital formation, and the KOF economic globalization index have a positive long-term impact on the insurance business. The insurance business is also driven by combating corruption and the rule of law. The population and regulatory quality, on the other hand, have no significant impact.

• Geomechanics and Engineering
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• v.38 no.1
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• pp.93-106
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• 2024

The present paper investigates the spatial variability effect of soil property on the three-dimensional probabilistic characteristics of the bearing capacity factor (i.e., mean and coefficient of variation) of a circular footing resting on clayey soil where both mean and standard deviation of undrained shear strength increases with depth, keeping the coefficient of variation constant. The mean trend of undrained shear strength is defined by introducing the dimensionless strength gradient parameter. The finite difference method along with the random field and Monte Carlo simulation technique, is used to execute the numerical analyses. The lognormal distribution is chosen to generate random fields of the undrained shear strength. In the study, the potential failure of the structure is represented through the failure probability. The influences of different vertical scales of fluctuation, dimensionless strength gradient parameters, and coefficient of variation of undrained shear strength on the probabilistic characteristics of the bearing capacity factor and failure probability of the footing, along with the probability and cumulative density functions, are explored in this study. The variations of failure probability for different factors of safety corresponding to different parameters are also illustrated. The results are presented in non-dimensional form as they might be helpful to the practicing engineers dealing with this type of problem.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.39 no.6
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• pp.667-673
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• 2019

Global warming may accelerate climate change and may increase disaster caused by strong winds. This research studied a method for a nonstationary frequency analysis considering the linear trend over time. The Bayesian method was used to estimate the posterior distribution of the parameters for the extreme value distribution of the annual maximum wind speed at Jeju Airport. The nonstationary frequency analysis was performed based on the Monte Carlo Markov Chain simulation and the Gibbs sampling. The estimated wind speeds by nonstationary frequency analysis was larger than those by stationary analysis. The conventional frequency analysis procedure assuming stationarity is likely to underestimate the future design wind speed in the region where statistically significant trend exists.

• Journal of Korean Society on Water Environment
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• v.28 no.1
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• pp.38-49
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• 2012

In this study, we analyze statistical characteristics of influent water quality in Daejeon waste water treatment plant and apply a stochastic model for data generation. In the analysis, the influent water quality data from year 2003 to 2008, except for year 2006, are used. Among water quality variables, we find strong correlations between BOD and T-N; T-N and T-P; BOD and T-P; $COD_{Mn}$ and T-P; and BOD and $COD_{Mn}$. We also find that different water quality variables follow different theoretical probability distribution functions, which also depends on whether the seasonal cycle is removed. Finally, we generate the influent water quality data using the multi-season 1st Markov model (Thomas-Fiering model). With model parameters calibrated for the period 2003~2005, the generated data for 2007~2008 are well compared with observed data showing good agreement in general. BOD and T-N are underestimated by the stochastic model. This is mainly due to the statistical difference in observed data itself between two periods of 2003~2005 and 2007~2008. Therefore, we expect the stochastic model can be applied with more confidence in the case that the data follows stationary pattern.

• Journal of Chest Surgery
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• v.12 no.4
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• pp.312-317
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• 1979

1] During the period of Jan. 1959, to Aug. 1979, 47 patients of paragonimiasis have been treated in the department of Chest Surgery. 2] The total number of patients who has been admitted and treated in the department of Chest Medicine are 262 and annual distribution of number of patients has been decreased. However, since 1964, the number of patients has been stationary. On the other hand, the total number of patients who has been admitted and treated surgically in the department of Chest Surgery are 47 and the annual distribution of number of patients has not been decreased. 3] The peak age incidence lies in fourth decade [34%], and over halves of patients is in third to fifth decade. Male to female is 8.4 to 1. 4] The symptoms, which are mainly cough, chest pain, dyspnea and blood tinged sputum, developed mostly in two to five years after infestation by Paragonmius westermani. 5] Sputum tests for eggs of Paragonimus westermani were positive in 16 out of 43 patients [37%]. The 93% of patients were positive in skin test for Paragonimus westermani. The patients with negative skin test were 7%, but sputum or stool examination for Paragonimus westermani`s eggs were positive in these negative group of skin test. 6] Chest roentgenogram revealed pleural effusion [41 cases], hydropneumothorax [1 case], atelectasis [1 case] and mediastinal mass [1 case]. 7] All patients were preoperatively treated with Bithionol. The mode of surgery were decortication only [31 cases], pleuropneumonectomy [3 cases], decortication & lobectomy [2 cases], decortication & closure of bronchial fistula [1 case], thoracentesis [1 case] and postural drainage [1 case]. 8] Paragonimiasis is primarily medical disease and well treated by the administration of Bithionol. But the delayed diagnosis and missed diagnosis, especially as pulmonary tuberculosis, make the disease aggravated and chronic. Subsequently, surgical treatment is infrequently required. Chronic empyema due to Paragonimus westermani is much benign than tuberculous empyema thoracis.

• Microbiology and Biotechnology Letters
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• v.46 no.1
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• pp.29-39
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• 2018

Vibrio vulnificus needs various responsive mechanisms to survive and transmit successfully in alternative niches of human and marine environments, and to ensure the acquisition of steady energy supply to facilitate such unique life style. The bacterium had genetic constitution very different from that of Escherichia coli regarding metabolism of glycogen, a major energy reserve. V. vulnificus accumulated more glycogen than other bacteria and at various levels according to culture medium and carbon source supplied in excess. Glycogen was accumulated to the highest level in Luria-Bertani (3.08 mg/mg protein) and heart infusion (4.30 mg/mg protein) complex media supplemented with 1% (w/v) maltodextrin at 3 h into the stationary phase. Regarding effect of carbon source, more glycogen was accumulated when maltodextrin (2.34 mg/mg protein) was added than when glucose or maltose (0.78.1-14 mg/mg protein) was added as an excessive carbon source to M9 minimal medium, suggesting that maltodextrin metabolism might affect glycogen metabolism very closely. These results were supported by the analysis using the malP (encoding a maltodextrin phosphorylase) and malQ (encoding a 4-${\alpha}$-glucanotransferase) mutants, which accumulated much less glycogen than wild type when either glucose or maltodextrin was supplied as an excessive carbon source, but at different levels (3.1-80.3% of wild type glycogen). Therefore, multiple pathways for glycogen metabolism were likely to function in V. vulnificus and that responding to maltodextrin might be more efficient in synthesizing glycogen. All of the glycogen samples from 3 V. vulnificus strains under various conditions showed a narrow side chain length distribution with short chains (G4-G6) as major ones. Not only the comparatively large accumulation volume but also the structure of glycogen in V. vulnificus, compared to other bacteria, may explain durability of the bacterium in external environment.

• Journal of Fisheries and Marine Sciences Education
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• v.17 no.1
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• pp.58-66
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• 2005

Floating debris was observed using a training ship, KAYA, of Pukyong National University with cruising speed of about 10-12 knot during July 12~25, 2003. The area sampled was the East Sea enclosed by 3 nations, namely, Korea, Japan and Russia, and was divided into 68 unit segments on survey routes [Fig. 1]. Debris fabrication materials were categorized with 6 items, e.g., man-made or natural wood items, paper and cardboard, nylon rope, styrofoam, vinyl and plastic, floating metal and glass containers. All identified items within $100{\pm}10 m$ wide band were recorded but ignored if beyond this boundary. The results of this study are as follows: 1. The average numbers of debris per unit area, $1km^2$, were found as 16.3 pieces (items) in the sea. 2. The highest densities of numbers, $32.3pieces/km^2$, were discovered in vicinity of the Oki strait of Japan, area of 'NEK' in Fig. 1. 3. Especially, styrofoam item only was composed to 63.6% of all in the sea of 'SD', located in the southern part of Dokdo Island, Korea. The item seems to be derive from the Southern Sea of Korea. 4. Therefore, comparing the distribution of debris numbers (the results of above 2 and 3) with flow patterns of Kuroshio currents, it was shown that their relation was good agree each other. Further more surveys are being conducted and a much wider coverage can be achieved with other countries, then it can be obtained that the East Sea is polluted to some extent, where is the origin of debris, and the finding of floating routes and stationary sea.

• International Journal of Fluid Machinery and Systems
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• v.7 no.4
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• pp.130-141
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• 2014

As a high specific speed pump, the contra-rotating axial flow pump with two rotors rotating reversely has been proved with higher hydraulic and cavitation performance, while in our previous researches, the potential interaction between two blade rows was distinctly observed for our prototype rotors designed with equal rotational speed for both front and rear rotors. Based on the theoretical and experimental evidences, a rotational speed optimization methodology was proposed and applied in the design of a new combination of contra-rotating rotors, primarily in expectation of the optimized blade pressure distributions as well as pertinently improved hydraulic performances including cavitation performance. In the present study, given one stationary and two rotating frames in the contra-rotating rotors case, a pressure measurement concept taking account of the revolutions of both front and rear rotors simultaneously was adopted. The casing wall pressure data sampled in time domain was successfully transferred into space domain, by which the ensemble averaged blade-to-blade pressure distributions at the blade tip of two contra-rotating rotors under different operation conditions were studied. It could be seen that the rotor pair with the optimized rotational speed combination as well as work division, shows more reasonable blade-to-blade pressure distribution and well weakened potential interaction. Moreover, combining the loading curves estimated by the measured casing wall pressure, the cavitation performance of the rotor pairs with new rotational speed combination were proved to be superior to those of the prototype pairs.

• Communications for Statistical Applications and Methods
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• v.25 no.4
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• pp.443-451
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• 2018

$P^M_{\lambda}$-service policy is a workload dependent hysteretic policy. The policy has two service states comprised of the ordinary stage and the fast stage. An ordinary service stage is initiated by the arrival of a customer in an idle state. When the workload of the server surpasses threshold ${\lambda}$, the ordinary service stage changes to the fast service state, and it continues until the system is empty. These service stages alternate in this manner. When the cost of changing service stages is high, the hysteretic policy is more efficient than the threshold policy, where a service stage changes immediately into the other service stage at either case of the workload's surpassing or crossing down a threshold. $P^M_{\lambda}$-service policy is a modification of $P^M_{\lambda}$-policy proposed to control finite dams, and also an extension of the well-known D-policy. The distributions of the stationary workload of $P^M_{\lambda}$-service policy and its variants are studied well. However, there is no known result on the sojourn time distribution. We prove that there is a relation between the sojourn time of a customer and the first up-crossing time of the workload process over the threshold ${\lambda}$ after the arrival of the customer. Using the relation and the duality of M/G/1 and G/M/1 queues, we obtain conditional sojourn time distributions in M/G/1 and G/M/1 queues under the policy.