• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.13 no.10
• /
• pp.4506-4513
• /
• 2012

The purpose of this study is to analyze the causality of electricity consumption and econmic growth and draw policy implications. To do this, we used Testing Prodedures of Unit Root and Cointegration and then VECM and Granger causality test using data taken from China over the period 1971 to 2008. As results, there are long and short term causalities between electricity consumption and economic growth of China. These results provide a few implications to policy analysts in China. First it is still available that the electricity comes before the economic development. The increase of electricity consumption promotes economic growth. Of course there are other factors to the economic growth, but the stable supply of electricity is necessary. Second, this paper confirms the assertion that the increase of GDP expands electric consumption is valid.

• Journal of Korean Society of Industrial and Systems Engineering
• /
• v.44 no.4
• /
• pp.98-105
• /
• 2021

Using the frequency-based decomposition, I decompose the consumption growth to explain well-known patterns of stock returns in the Korean market. To be more specific, the consumption growth is decomposed by its half-life of shocks. The component over four years of half-life is called the business-cycle consumption component, and the components with half-lives under four years are short-run components. I compute the long-run and short-run components of stock excess returns as well and use component-by-component sensitivities to price stock portfolios. As a result, the business-cycle consumption risk with half-life of over four years is useful in explaining the cross-section of size-book-to-market portfolios and size-momentum portfolios in the Korean stock market. The short-run components have their own pricing abilities with mixed direction, so that the restricted one short-term factor model is rejected. The explanatory power with short- and long-run components is comparable to that of the Fama-French three-factor model. The components with one- to four-year half-lives are also helpful in explaining the returns. The results about the long-run components emphasize the importance of long-run component in consumption growth to explain the asset returns.

• Fisheries and Aquatic Sciences
• /
• v.24 no.9
• /
• pp.311-317
• /
• 2021

Inclusion effect of various levels of jack mackerel meal (JMM) acting as feed attractants and/or stimulants in diets on the growth, feed consumption, feed utilization and whole body composition of rockfish was investigated. Three hundred juvenile rockfish were randomly allocated into 15 flow-through tanks. Five experimental diets supplemented with JMM at 0%, 1%, 3%, 5%, and 10% at the expense of anchovy meal were prepared and referred to as the JMM0, JMM1, JMM3, JMM5, and JMM10 diets, respectively. Weight gain, specific growth rate (SGR) and feed consumption of fish tended to improve with dietary levels of JMM. The greatest weight gain, SGR and feed consumption were observed in fish fed the JMM10 diet, followed by the JMM5, JMM3, JMM1, and JMM0 diets, in that order. Condition factor (CF) of fish tended to improve with dietary inclusion levels of JMM. Growth performance, feed consumption and CF of fish tended to improve with dietary inclusion levels of JMM ranging from 0% to 10%.

• Journal of Ginseng Research
• /
• v.17 no.3
• /
• pp.210-218
• /
• 1993

This study was conducted to investigate the effects of Korean ginseng extracts and their fractions on the growth of Saccharomyces cerevsiae and Saccharomyces uvamm, their glucose consumption and alcohol production. The growth of both yeasts were stimulated by ginseng extracts and their water soluble fractions, but were supressed by ether extracts and an n-butanol extracts. Their growth were enhanced considerably by low molecular weight fractions (< 1,000) in water solubles. Similar results were also obtained with glucose consumption by yeasts. Substances increasing the growth and glucose consumption by yeasts proved to be a low molecular weight fractions (<1,000) in water solubles not saponins. The production of n-propyl alcohol by yeast was enhanced by adding ginseng extracts into the media, but that of ism-butyl alcohol was suppressed at same condition.

• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.5
• /
• pp.295-303
• /
• 2022

This study investigates the impact of globalization, coal consumption, and economic growth on CO₂ emissions in Malaysia by applying the Kuznets Environmental Curve model. The study employed the Autoregressive Distributed Lag modeling technique on time series data over the period of 1970-2018 to determine the short and long-run relationship between CO₂ emissions and a number of variables, including globalization, coal consumption, and economic growth. The results show that globalization increase CO₂ emissions in both the short and long run in Malaysia. Furthermore, the results reveal that economic growth and coal consumption degrade the environmental quality by accelerating the CO₂ emissions in the short-run and long run. As a result, the findings validate the Kuznets Environmental Curve hypothesis of an inverted U-shaped relationship between economic growth and CO₂ emissions in the long run for Malaysia. The findings of this study suggest that higher globalization levels and usage of coal consumption degrade the environmental quality in Malaysia. The findings also indicate the effect of economic growth on environmental degradation is positive at the initial stage but improves after the economy achieves a threshold level of income per capita in the economic development process with an inverted U-shaped pattern in the long run.

• Journal of Korean Society for Atmospheric Environment
• /
• v.28 no.4
• /
• pp.466-476
• /
• 2012

This study calculated monthly and sectoral (for industry, energy industry, transport, residential, commercial and public sectors) greenhouse gas (GHG) emissions of Seoul, Korea from 1999 until 2009 with following the IPCC 2006 Guideline for National Greenhouse Gas Inventories through an analysis on available monthly data of fossil fuel and electricity consumption for the period. The time series analysis showed that GHG emissions had significant cyclical pattern season by season with the highest peak in August and the lowest peak in January throughout the period. The analysis on monthly and sectoral energy consumption showed that residential, commercial and public sectors had emitted about 65% of total GHG emissions of Seoul and had consumed more energy in winter for heating. About 30% GHG of Seoul was emitted from transport sector but its monthly energy consumption showed irregular pattern and it consumed 80% petroleum (in 2009) of Seoul. Hopefully together with further study on this subject, it is expected that this study can be used as basic data for various research regarding Greenhouse gas baseline emission, energy consumption pattern and estimation for future GHG emission of Seoul.

• Journal of Korea Water Resources Association
• /
• v.37 no.10
• /
• pp.869-880
• /
• 2004

The purpose of this study is to examine relationship between water consumption and economic growth in Korea, and to obtain policy implications of the results. To this end, we attempt to provide more careful consideration of the causality issues by applying rigorous techniques of Granger causality. Tests for unit roots, co-integration, and Granger causality based on an error-correction model are presented. The existence of bi-directional causality between water consumption and economic growth in Korea is detected. This finding has various implications for policy analysts and forecasters in Korea. Economic growth requires enormous water consumption, though there are many other factors contributing to economic growth, and water consumption is but one part of it. Thus, this study generates confidence in decisions to invest in the water supply infrastructure. Moreover, this study lends support to the argument that an increase in real income, ceteris paribus, gives rise to water consumption. Economic growth results in a higher proportion of national income spent on water supply services and stimulates further water consumption.

• Biotechnology and Bioprocess Engineering:BBE
• /
• v.10 no.4
• /
• pp.304-308
• /
• 2005

The response of IPTG induction was investigated through the monitoring of the alkali consumption rate and buffer capacity during the cultivation of recombinant E. coli BL21 (DE3) harboring the plasmid pRSET-LacZ under the control of lac promoter. The rate of alkali consumption increased along with cell growth, but declined suddenly after approximately 0.2 h of IPTG induction. The buffer capacity also declined after 0.9 h of IPTG induction. The profile of buffer capacity seems to correlate with the level of acetate production. The IPTG response was monitored only when introduced into the mid-exponential phase of bacterial cell growth. The minimum concentration of IPTG for induction, which was found out to be 0.1 mM, can also be monitored on-line and in-situ. Therefore, the on-line monitoring of alkali consumption rate and buffer capacity can be an indicator of the metabolic shift initiated by IPTG supplement, as well as for the physiological state of cell growth.

• Journal of Dairy Science and Biotechnology
• /
• v.28 no.1
• /
• pp.9-16
• /
• 2010

Adolescents grow rapidly and have lots of schoolwork for entrance examination, so good nutrition is very important to them. However, adolescents tend to have a poor dietary behavior including frequent consumption of empty calorie foods and skipping breakfast. In particular, frequency of drinking milk has been low among Korean adolescents, thus their dietary calcium intakes has been low. Undesirable dietary behavior of adolescents is a risk factor for poor nutrition, obesity and chronic disease of them. Milk is a good source for calcium, high quality of protein, vitamin and bioactive compounds including anti-obesity component, thus it has been reported that milk helps improvement of dietary nutrient adequacy and physical growth, increment of bone mineral density, and prevention of obesity and chronic diseases. Therefore, milk consumption of adolescents should be encouraged in order to help their nutritional status, physical growth and health.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
• /
• v.30 no.3
• /
• pp.39-45
• /
• 2016

In these days global energy policy is changed from "supply" to "demand". In this regards, there are needs to analysis on effect of policy such as energy efficiency strategy, electricity rates. This study examines the relationship between energy consumption reduced by new energy policy and GDP growth for each industrial sector for Korea from 1970 to 2013. With respect to the direction of causality, energy use of 1th industry like agriculture and mining leads to GDP growth. On the other hand, GDP growth of 2nd industry, manufacturing, leads to energy use. And there is bidirectional causality in 3rd industry, service sector. These findings imply that the government policies aimed at reducing electricity consumptions and increasing energy efficiency should be progressed cautiously depend on status of each industry condition.