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Long-run Equilibrium Relationship Between Financial Intermediation and Economic Growth: Empirical Evidence from Philippines

  • MONSURA, Melcah Pascua;VILLARUZ, Roselyn Mostoles
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.21-27
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    • 2021
  • The financial sector is one of the most important building blocks of the economy. When this sector efficiently implemented a well-crafted program on banking and financial system to translate financial activities to income-generating activity, economic growth will be realized. Hence, this study analyzed the effect of financial intermediation on economic growth and the existence of cointegrating relationship using time-series data from 1986 to 2015. The influence of financial intermediation in terms of bank credit to bank deposit ratio, private credit, and stock market capitalization and time trend to economic growth was estimated using ordinary least squares (OLS) multiple regression. The results showed that all the financial intermediation indicators and time trend exert significant effect on Gross Domestic Product (GDP) per capita. The positive sign of the time trend indicates that there is an upward trend in GDP per capita averaging approximately 0.06 percent annually. Furthermore, the cointegration test using the Johansen procedure revealed that there is a presence of long-term equilibrium relationship between financial intermediation and time trend and economic growth, and rules out spurious regression results. This study established the idea that financial intermediation in the Philippines has a significant and vital role in stimulating growth in the economy.

A Study on the Difference of Wetsuits Selection Criteria, Demographic Characteristics, Purchasing Behavior according to Lifestyle Factors (라이프 스타일 요인에 따른 웨트슈트(wetsuits) 선택속성, 인구통계적 특성, 구매행동 차이에 관한 연구)

  • Kim, Ji U;Kim, Young Sam
    • Fashion & Textile Research Journal
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    • v.21 no.1
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    • pp.46-58
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    • 2019
  • This study analyzes the effects of lifestyle on wetsuits purchasing behavior and identifies various characteristics among lifestyle groups. A questionnaire survey of 213 domestic consumers with water sport activity and wetsuits experience indicated the following results: 1) Lifestyle factors were analyzed as 6 factors: social relation ships, development orientation, trend & appearance, domestic, positive acknowledgement of hobbies, pursuit of practicality. And the wetsuits selection criteria was 4 factors: wearing fitness, product information, design, reputation. 2) Social relationships, development orientation, positive acknowledgement of hobbies and pursuit of practicality factors had a positive effect fitness. Trend & appearance, development orientation, and pursuit of practicality factors had a positive effect on product information factors ; in addition, development orientation, and trend & appearance, a positive acknowledgement of hobbies factors had a positive effect design factors. Social relationships, trend & appearance, and pursuit of practicality factors had a positive effect on reputation factors. However, trend & appearance factors negatively affected the wearing fitness factors and the positive acknowledgement of hobbies factors had negative effect on product information, reputation factors. 3) The three groups of lifestyle factors showed differences in monthly average purchasing of clothes, average annual purchasing expenditures for water sports related products, number of water sport activity days and frequency, product selection criteria.

Clustering Asian and North African Countries According to Trend of Colon and Rectum Cancer Mortality Rates: an Application of Growth Mixture Models

  • Zayeri, Farid;Sheidaei, Ali;Mansouri, Anita
    • Asian Pacific Journal of Cancer Prevention
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    • v.16 no.9
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    • pp.4115-4121
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    • 2015
  • Background: Colorectal cancer is the second most common cause of cancer death with half a million deaths per year. Incidence and mortality rates have demonstrated notable changes in Asian and African countries during the last few decades. In this study, we first aimed to determine the trend of colorectal cancer mortality rate in each Institute for Health Metrics and Evaluation (IHME) region, and then re-classify them to find more homogenous classes. Materials and Methods: Our study population consisted of 52 countries of Asia and North Africa in six IHME pre-defined regions for both genders and age-standardized groups from 1990 to 2010.We first applied simple growth models for pre-defined IHME regions to estimate the intercepts and slopes of mortality rate trends. Then, we clustered the 52 described countries using the latent growth mixture modeling approach for classifying them based on their colorectal mortality rates over time. Results: Statistical analysis revealed that males and people in high income Asia pacific and East Asia countries were at greater risk of death from colon and rectum cancer. In addition, South Asia region had the lowest rates of mortality due to this cancer. Simple growth modeling showed that majority of IHME regions had decreasing trend in mortality rate of colorectal cancer. However, re-classification these countries based on their mortality trend using the latent growth mixture model resulted in more homogeneous classes according to colorectal mortality trend. Conclusions: In general, our statistical analyses showed that most Asian and North African countries had upward trend in their colorectal cancer mortality. We therefore urge the health policy makers in these countries to evaluate the causes of growing mortality and study the interventional programs of successful countries in managing the consequences of this cancer.

Gastric Cancer in Brunei Darussalam: Epidemiological Trend Over a 27 Year Period (1986-2012)

  • Chong, Vui Heng;Telisinghe, Pemasari Upali;Abdullah, Muhd Syafiq;Chong, Chee Fui
    • Asian Pacific Journal of Cancer Prevention
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    • v.15 no.17
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    • pp.7281-7285
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    • 2014
  • Background: Gastric cancer is the second most common gastrointestinal cancer and is more common in the East, compared to the West. This study assesses the trend of gastric cancers in Brunei Darussalam, a developing nation with a predominantly Malay population. Materials and Methods: The cancer registry from 1986 to 2012 maintained by the Department of Pathology, the only State Laboratory at the RIPAS Hospital, Ministry of Health, was reviewed and data extracted for analyses. The age standardised rate (ASR) and age specific incidence rate were calculated based on the projected population. Cancers diagnosed below 45 years were categorised as young gastric cancer. Results: Over the study period, there were a total of 551 cases of gastric cancer diagnosed. The most common type was adenocarcinoma (87.9%), followed by lymphoma (6.1%) and gastrointestinal stromal tumour (2.8%). The overall mean age at diagnosis was 61.9 years old (range 15 to 98) with an increasing trend observed, but this was not significant (ANOVA). There were differences in the mean age at diagnosis for the different races (p=0.003 for trend), but not the gender (p=0.105). Young gastric cancer accounted for 14.9%, being more common in women, and in Expatriate and Malay populations compared to the Chinese. There was a decrease in the ASR, from 17.3/100,000 in 1986-1990 to 12.5/100,000 in 2006-2010. Chinese had a higher overall ASR (20.2/100,000) compared to the Malays (11.8/100,000). The age specific rates were comparable between men and women until the age group 55-59 years when the rates started to diverge, becoming higher in men. Chinese men had higher rates then Malay men whereas, the rates were higher or comparable between the women until the age group >70 when the rate for Chinese women overtook their Malay counterpart. Conclusions: Our study showed that there is a declining trend in the incidence of gastric cancer and higher rates were observed in men and Chinese.

Asian.African.Latin American Cultural Hybrids in Modern Fashion (1) (현대패션에 나타난 아시아.아프리카.라틴 아메리카 문화 하이브리드 (제1보))

  • Choi, Ho-Jeong;Ha, Ji-Soo
    • Journal of the Korea Fashion and Costume Design Association
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    • v.9 no.3
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    • pp.167-180
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    • 2007
  • This study analyzes the Asian, African and Latin American cultural hybrids in modem fashion, and offers a direction for desirable cultural hybrids in modem fashion. First, the cultural hybrids have been considered in two aspect: global hybrids and structural hybrids. Second, the trends of Asian, African and Latin American cultural hybrids have been interpreted differently depending on the cultural backgrounds of each area. However, the cultural hybrid representing the change of tradition in Asia, Africa and Latin America is a common trend, and is used to describe the social changes. Third, this study examines the global hybrid trend in modem fashion based on the hybrid trend of Asian, African and Latin American culture found in the four major collections from 2000 S/S to 2005 F/W. Until recently, the exotic images have been determined in the viewpoint of Western world, and utilization by the world-renowned designers in the four major collections plays the major role in converting the regional cultural elements into global ones. Fourth, this study also examines the structural hybrids in modem fashion based on the hybrid trend found in Asian, African and Latin American designer collections between 2000 S/S and 2005 F/W. The works which are connected to the world trend, but are also rooted from the cultural and regional traditions demonstrate the globalization of the Asian, African and Latin American fashion. Fashion is a messenger of a culture, and its importance as a symbol of a cultural trend is growing.

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Suggestion of a Groundwater Quality Management Framework Using Threshold Values and Trend Analysis (문턱값과 추세분석을 이용한 지하수 수질관리체계 구축을 위한 연구)

  • An, Hyeonsil;Jee, Sung-Wook;Lee, Soo Jae;Hyun, Yunjung;Yoon, Heesung;Kim, Rak-Hyeon
    • Journal of Soil and Groundwater Environment
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    • v.20 no.7
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    • pp.112-120
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    • 2015
  • Statistical trend analysis using the data from the National Groundwater Quality Monitoring Network (NGQMN) of Korea was conducted to establish a new groundwater quality management framework. Sen’s test, a non-parametric statistical method for trend analysis, was used to determine the linear trend of the groundwater quality data. The analysis was conducted at different confidence levels (i.e., at 70, 80, 90, 95, and 99% confidence levels) for three of groundwater quality parameters, i.e., nitrate-nitrogen, chloride, and pH, which have sufficient time series of the NGQMN data between 2007 and 2013. The results showed that different trends can be determined for different depths even for the same monitoring site and the numbers of wells having significant trends vary with different confidence levels. The wells with increasing or decreasing trends were far less than the wells with no trend. Chloride had more wells with increasing trend than other parameters. On the other hand, nitrate-nitrogen had the most wells with increasing trend and concentration exceeding 75% of the threshold values (TVs). Based on the methodology used for this study, we suggest including groundwater TVs and trend analysis to evaluate groundwater quality and to establish an advanced groundwater quality management framework.

A Study on the Water Quality Changes of TMDL Unit Watershed in Guem River Basin Using a Nonparametric Trend Analysis (비모수 경향분석법 적용을 통한 금강수계 총량관리 단위유역의 수질변화 연구)

  • Kim, Eunjung;Kim, Yongseok;Rhew, Doughee;Ryu, Jichul;Park, Baekyung
    • Journal of Korean Society on Water Environment
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    • v.30 no.2
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    • pp.148-158
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    • 2014
  • In order to assess the effect of TMDLs management and improve that in the future, it is necessary to analyze long-term changes in water quality during management period. Therefore, long term trend analysis of BOD was performed on thirty monitoring stations in Geum River TMDL unit watersheds. Nonparametric trend analysis method was used for analysis as the water quality data are generally not in normal distribution. The monthly median values of BOD during 2004~2010 were analyzed by Seasonal Mann-Kendall test and LOWESS(LOcally WEighted Scatter plot Smoother). And the effect of Total Maximum Daily Loads(TMDLs) management on water quality changes at each unit watershed was analyzed with the result of trend analysis. The Seasonal Mann-Kendall test results showed that BOD concentrations had the downward trend at 10 unit watersheds, upward trend at 4 unit watersheds and no significant trend at 16 unit watersheds. And the LOWESS analysis showed that BOD concentration began to decrease after mid-2009 at almost all of unit watersheds having no trend in implementation plan watershed. It was estimated that TMDLs improved water quality in Geum River water system and the improvement of water quality was made mainly in implementation plan unit watershed and tributaries.

A Study on the Factors Affecting Urinary Paraben Concentration: An Analysis of the Third Korean National Environmental Health Survey (KoNEHS) Data (뇨중 파라벤 농도에 영향을 미치는 요인에 관한 연구: 제3기 국민환경보건기초조사 자료 분석)

  • Jae-Min Kim;Kyoung-Mu Lee
    • Journal of Environmental Health Sciences
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    • v.49 no.1
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    • pp.37-47
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    • 2023
  • Background: Paraben is a widely used substance with a preservative effect found in various materials such as food, medicine, personal care products, and cosmetics. Objectives: This study was conducted to identify the level of urinary paraben concentrations (i.e., methyl-, ethyl-, and propyl-) among Korean adults and to explore the factors related with the exposure levels. Methods: We analyzed the third period (2015~2017) of the Korean National Environmental Health Survey (KoNEHS). R statistical software (version 4.1.1) was used to estimate representative values for the whole population with weight variables to reflect sampling design. Whether urinary concentrations tended to increase as the level of paraben exposure-related characteristics increased was tested and Ptrend was calculated using general linear models. Results: Urinary concentrations of all three parabens (i.e., methyl-, ethyl- and propyl-) were higher in women than in men (Ptrend<0.0001, 0.008, and <0.0001), and the values of methylparaben and propylparaben tended to increase as the age of subjects increased (Ptrend<0.0001, and <0.0001). Urinary concentrations of methylparaben and propylparaben were associated with intensity of exercise (Ptrend<0.001, and 0.004), and that of propylparaben was higher in non-smokers (Ptrend=0.01). In terms of paraben exposure-related variables, urinary concentrations of parabens (i.e., methyl-, ethyl- and propyl-) increased as the daily average frequency of teeth-brushing (Ptrend<0.0001, 0.03 and 0.0001), the frequency of use of hair products (Ptrend=0.005, 0.05 and 0.04), the frequency of use of makeup products (Ptrend<0.001, 0.001 and <0.001), and the frequency of use of antibacterial products (Ptrend=0.005, 0.02 and 0.02) increased. Conclusions: In our study, urinary concentrations of all three parabens are associated with gender, teethbrushing, hair products, make-up products, and antibacterial products. Methyl- and proyl-parabens were associated with age and intensity of exercise, and propyl-paraben was associated with smoking.

A Study on the Extracting ICT Development Trend and Promising Technologies by Utilizing Patent Information in Gyeongbuk Province (특허정보를 활용한 경북지역 ICT 개발동향 분석 및 유망기술 도출에 관한 연구)

  • Han, Jang-Hyup;Kim, Chae-Bogk
    • Journal of Korea Technology Innovation Society
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    • v.21 no.1
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    • pp.236-264
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    • 2018
  • This study investigates the trend of the patent applications and the future direction of ICT in Gyeongbuk Province by employing patent portfolio analysis, one of the methodology of map analyses for industry-related ICT issues. Thus, this study aims to investigate the ICT development trend based on ICT patent information in Gyeongbuk Province. The promising technologies in ICT industry are extracted by applying patent portfolio analysis, one of the patent map analyses. The analysis results can be applied to the establishment of research and development strategies. This study extracts ICT trend by applying International Patent Classification to the patents registered in Gyeongbuk. For promising technologies, this study analyzed the patents based on the ICT Classification Code. Based on the analysis results, this study presents the trend of patent application, technology share, patent activity status, the trend of patent application by each technology according to ICT classification, the growth stages of ICT market, registration parties for patents, joint researches of research parties, and primary parties of patent applications. After drawing promising technologies, this study provides the future progress direction of ICT industry in Gyeongbuk Province. The research results also can be applied to securing technology competence and developing strategy of technology policy.

A Study on the Trend Analysis of the Parking Demands According to the Housing Unit Size at Apartment Complex - Focused on high-rise apartment complexes in Daegu Metropolitan City - (아파트 단지의 세대규모별 주차수요 추세분석에 관한 연구 - 대구광역시 고층분양아파트단지를 중심으로 -)

  • Park Chan-Don
    • Journal of the Korean housing association
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    • v.16 no.1
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    • pp.55-63
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    • 2005
  • The purpose of this study is to find a way of solving on parking problems at apartment complex through the trend analysis research of the parking demands according to the housing unit size. The subjects of this study are high-rise apartment complexes in Daegu city which are constructed within 10 years. The parking demand according to the housing unit size at apartment complexes had been surveyed every July for 4 years from 2000 to 2003. Specially, we knew that the parking demand of $85 m^2$ below sized housing unit at apartment complex was exceeded architectural regulation of parking supply, and the parking demand of $85 m^2$ over sized housing unit at apartment complex was kept within architectural regulation of parking supply. And, the estimating formula that can predict the future parking demand by the trend analysis according to the housing unit size at apartment complexes in Daegu city was gotten through this study. But, in order to get more accurate estimating formula, it should be based on data of funker research and investigation about apartment complexes and it should be studied continuously.