• Title/Summary/Keyword: TFP

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Analyzing the Relation between Energy Intensity, Energy Price and TFP in Korea (에너지 집약도, 에너지 가격 그리고 기술 수준 간의 동태적 관계 분석)

  • Kim, Kijin;Won, DooHwan;Jung, Sukwan
    • Environmental and Resource Economics Review
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    • v.29 no.2
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    • pp.195-217
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    • 2020
  • The improvement of energy intensity is drawing attention as a way to achieve sustainable development. Energy price and technology level are the main factors affecting energy intensity, and empirical studies on the relationship between the variables have been conducted mainly in overseas countries. However, analyzing the relation between energy intensity, energy price and technology has not been studied in Korea. Therefore, this study analyzed the dynamic relationship between energy intensity, energy price, and total factor productivity (TFP) in Korea. As a result of the analysis, the three variables form a long-term equilibrium relationship. The increase in TFP reduces energy intensity in both short and long term, and the long-term effect is greater than short-term effect. On the other hand, energy price do not have a significant impact on energy intensity. Granger causality test results show that energy intensity and TFP granger cause each other, but energy price is weak-exogenous.

DISCOVERY TEMPORAL FREQUENT PATTERNS USING TFP-TREE

  • Jin Long;Lee Yongmi;Seo Sungbo;Ryu Keun Ho
    • Proceedings of the KSRS Conference
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    • 2005.10a
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    • pp.454-457
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    • 2005
  • Mining frequent patterns in transaction databases, time-series databases, and many other kinds of databases has been studied popularly in data mining research. Most of the previous studies adopt an Apriori-like candidate set generation-and-test approach. However, candidate set generation is still costly, especially when there exist prolific patterns and/or long patterns. And calendar based on temporal association rules proposes the discovery of association rules along with their temporal patterns in terms of calendar schemas, but this approach is also adopt an Apriori-like candidate set generation. In this paper, we propose an efficient temporal frequent pattern mining using TFP-tree (Temporal Frequent Pattern tree). This approach has three advantages: (1) this method separates many partitions by according to maximum size domain and only scans the transaction once for reducing the I/O cost. (2) This method maintains all of transactions using FP-trees. (3) We only have the FP-trees of I-star pattern and other star pattern nodes only link them step by step for efficient mining and the saving memory. Our performance study shows that the TFP-tree is efficient and scalable for mining, and is about an order of magnitude faster than the Apriori algorithm and also faster than calendar based on temporal frequent pattern mining methods.

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IMTAR: Incremental Mining of General Temporal Association Rules

  • Dafa-Alla, Anour F.A.;Shon, Ho-Sun;Saeed, Khalid E.K.;Piao, Minghao;Yun, Un-Il;Cheoi, Kyung-Joo;Ryu, Keun-Ho
    • Journal of Information Processing Systems
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    • v.6 no.2
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    • pp.163-176
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    • 2010
  • Nowadays due to the rapid advances in the field of information systems, transactional databases are being updated regularly and/or periodically. The knowledge discovered from these databases has to be maintained, and an incremental updating technique needs to be developed for maintaining the discovered association rules from these databases. The concept of Temporal Association Rules has been introduced to solve the problem of handling time series by including time expressions into association rules. In this paper we introduce a novel algorithm for Incremental Mining of General Temporal Association Rules (IMTAR) using an extended TFP-tree. The main benefits introduced by our algorithm are that it offers significant advantages in terms of storage and running time and it can handle the problem of mining general temporal association rules in incremental databases by building TFP-trees incrementally. It can be utilized and applied to real life application domains. We demonstrate our algorithm and its advantages in this paper.

Bacterial Gliding Motility (박테리아의 활주운동)

  • 조경연
    • Microbiology and Biotechnology Letters
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    • v.30 no.3
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    • pp.199-205
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    • 2002
  • Gliding motility is defined as the movement of nonflagellated cells in the direction of its long axis on a solid surface and found in many phylogenetically diverse bacteria. Genetic, biochemical, ultrastructural, and behavioral studies have provided a wealth of information related to the mechanism of possible gliding apparatuses. Social motility of Myxococcus xanthus and the gliding of Synechocystis appear to rely on the function of type IV pili, similar to twitching motility of pseudomonas aeruginosa and Neisseria gonorrhoeae. In contrast, adventurous motility of M. xanthus and the gliding of filamentous cyanobacteria and Flavobacterium are not dependent on the pili. Instead, they appear to employ novel motility mechanisms that are currently being unveiled.

Economic Growth, Total Factor Productivity, and Institution Quality in Low-Middle Income Countries in Asia

  • NGO, Minh Ngoc;NGUYEN, Loc Duc
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.251-260
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    • 2020
  • The purpose of this paper is to investigate the impact of total factor productivity (TFP), institutional quality, and interactive variable between them on economic growth in 13 low-middle income countries in Asia for the period 2000-2018. The paper uses the difference Generalized Method of Moments (GMM) to explore the dataset provided by the World Bank. The empirical results show that TFP and the interactive variable positively impact on the economic growth, while the institutional determinants have a negative influence. The negative effect is explained by the weak institutions in these low-middle income countries. The findings of the study suggest two points. First, the government should continue to improve TFP, which is associated with the application of technical advances, technological innovations, improvement of management methods, and skilled workers. Second, far more important, is that the authorities should pay special attention to implement institutional reform and strengthen the governance in the future. The successful experiences from Japan, Korea and Singapore will help other governments in Asian low-middle income countries to build developmental state. Probably, the developmental state actively interfere in the market to promote and realize the development goals. By doing so, these economies might overcome the so-called "middle-income trap".

Productivity Growth of Vietnamese Commercial Banks: An Application of Non-Parametric Analysis

  • NGUYEN, Manh Hung
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.9
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    • pp.177-187
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    • 2021
  • The purpose of the research to evaluate the efficiency and productivity growth rate of some Vietnamese commercial banks in the period 2008-2020. Using input and output selection theory, the author selected 2 models, estimating the efficiency for model 1 and estimating the yield change for both the models. We have built a model to estimate the efficiency and calculate as well as decompose the productivity growth of Vietnamese commercial banks during the period of active mergers and acquisitions activities in the banking system. Based on the results of the efficiency estimation, TFP shows during mergers and acquisitions, efficiency fluctuates but in an inverted U-shape (increasing from 2008-2011 but decreasing from 2013 to 2020). The estimated results of the impact assessment model show that FDI reduces the efficiency of banks. Productivity analysis shows that 6 out of 23 banks in the study period had positive TFP growth (tfpch > 1) due to technical progress and management efficiency. The findings of this study suggest that Vietnam's commercial banking system has many opportunities to improve operational efficiency in many aspects. In which, there are opportunities to increase credit, improve governance as well as improve the technology level of each bank. In addition, along with traditional products such as deposits and loans, diversification with a wide range of products and services is an important factor to enhance customer experience and demand in commercial banks.

Productivity and Patterns of Trade: The Experience of Korea in the 1990s (생산성과 무역패턴: 1990년대의 한국경제의 경험)

  • Tcha, MoonJoong
    • KDI Journal of Economic Policy
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    • v.26 no.2
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    • pp.249-280
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    • 2004
  • This paper analyzes the industrial growth of Korea in the 1990s and its relationship with the nation's export performance. The result shows that total factor productivity (TFP) played a significant role in the growth of some industries, where in particular a sharp increase in TFP was observed in the electrics and electronics industry and the automobile industry in the late 1990s. While CEPII RCA indexes for the Korean industries such as IT industry and automobile industry significantly increased since 1998, only limited evidence was found that TFP or TFI influenced RCA. Investigating Korea's export performance in the Northeast Asian context, this paper shows that, in the 1990s, the growth of Korea's exports to Japan was led by industries that recorded relatively fast growth in total factor input (TFI). In contrast, that to China was almost equally contributed by industries that experienced relatively fast growth in TFP or TFI. This paper also investigates competition between Korea and China, and Korea and Japan in the world market. The competition between Korea and China was relatively stronger for the Korean industries to whose growth TFI made a more significant contribution. While no decisive evidence is found for the relationship between TFP growth in Korean industries and their competition against Japan in the world market, it is revealed that the competition between Korea and Japan became less intense for the Korean industries to whose growth TFI made a stronger contribution. In this regard, the paper supports the view of 'nut-cracking' that the Korean economy has lost its competitiveness in the sectors where it maintained comparative advantage, but failed to catch up more advanced countries such as Japan by gaining competitiveness in more capital or technology intensive sectors.

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A Study on the Characteristics of Global FDI on China's Balanced Development Strategy : Focusing on Korean FDI Characteristics by Major Cities in China (중국지역균형발전전략에 미치는 글로벌 FDI 특성에 관한 연구 :중국주요도시별 한국FDI 특성을 중심으로)

  • Ryoo, Sung-Woo;Mun, Cheol-Ju
    • Korea Trade Review
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    • v.43 no.4
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    • pp.155-175
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    • 2018
  • This study estimates the technical efficiency and total factor productivity(TFP) of and analyzes the relationship between TFP and exports for Korean manufacturing companies from 2000 to 2016. Specially, TFP is decomposed into Technical Change(TC), Technical Efficiency Change (TEC), and Sale Effect(SE), and compared between large and small enterprises. First, in the case of technical efficiency, the Korean economy has been very vulnerable to external shocks, such as the sharp decline following the 2008 financial crisis. The efficiency of the electronics, automobile, and machinery sectors is low and needs to be improved. In addition, the technological efficiency of large enterprises is higher than that of SMEs in most manufacturing sub-sectors except for non-ferrous metals. In the case of TFP, most changes are due to TC, and the effective combination of labor, capital and the effect of scale have little effect, suggesting that improvement of internal structure is urgent. In addition, volatility due to the impact of the financial crisis in 2008 was much larger in SMEs than in large companies, so external economic impacts are more greater for SMEs than large enterprises. The relationship between TFP decomposition factors and exports shows that TC has a positive effect only on exports of SMEs. Therefore, in order to increase exports, in the case of SMEs, R&D support to promote technological development is needed. In the case of large companies, it is necessary to establish differentiated strategies for each export market, competitor company, and item to link efficiency and scale effect of exports.

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Misallocation and Manufacturing TFP in Korea

  • OH, JIYOON
    • KDI Journal of Economic Policy
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    • v.38 no.3
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    • pp.37-52
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    • 2016
  • This paper analyzes the effects of allocative efficiency on productivity in the manufacturing sector of Korea following Hsieh and Klenow (2009). The results of this research indicate that the overall allocative efficiency declined from 1990 to 2012. Using the method of Oberfield (2013), which allows inter-industry resource movement as well as intra-industry reallocation, we confirm that intensified misallocation generally results from intra-industry allocative inefficiency. The potential loss from instances of worsening misallocation is estimated to be approximately 0.6% points for each year, which is considerable in terms of the overall TFP. In terms of the firm size distribution, initially large establishments are more likely to expand if distortions are removed in most countries. One notable feature in Korea is that this pattern is pronounced. This implies that subsidies to unproductive small-sized establishments are heavily implemented.

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