• Ocean and Polar Research
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• 제28권4호
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• pp.439-449
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• 2006

This study was aimed at measuring the fishing capacity of Powered Anchovy Drag Net Fisheries (PADNF) in Korea using Peak-to-Peak(PTP) and Data Envelopment Analysis(DEA) methods recommended by FAO. In the analysis, both fishing capacities of total PADNF and individual PADNF vessels were measured with time series data and cross sectional data, respectively. In addition, the results of the DEA measurement were analyzed in order to determine reduction levels of fishing capacity. In case of total PADNF, the results by rn and DEA methods showed a similar rate of capacity utilization (79%), indicating the capacity was not utilized enough. In addition, the sensitivity analysis suggested that the number of vessels should be reduced by 20%, and the gross tonnage and the horse power should be reduced by 20% and 21%, respectively if the current catch is to stay at the 2004 level. The DEA results on individual PADNF vessels indicated the capacity utilization was 75% on average, showing some differences in capacity utilization among vessels (31%-100%). The results of the study would be useful for measuring production efficiency in PADNF. They would also provide good policy information for efficient use of resources and capacity reduction levels, which are useful far vessel buyback programs of coastal and offshore fisheries.

• 대한가정학회지
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• 제27권4호
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• pp.21-39
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• 1989

This paper is to determine the clothing and footwear of urban household consumption expenditures and an analysis of historical data from relevant literature. Particularly, time-series and cross sectional analysis techniques are adopted in analysing the patterns of clothing and footwear consumption expenditures of urban households. Finally, this paper estimates consumption expenditures in the future by comparing these revealed data with the Korea and Japan. Annual Report on the family Income and Expenditure Survey and M.R.A. in S.P.S.S. were used. The results can be summarized as follows: 1. The proportion of the clothing and footwear expenditure has decreased with the increase of income in urban household during 1976-1987. 2.1) Household consumption function by Income group, the Lower group is higher than the other group. 2) Household consumption function by Occupation of household head. Income elasticity estimation in administrative managerial workers is higher than the other group. 3) Household consumption function by Family size. Income elasticity estimation in 6 Persons is higher than the other group. But 4 Persons is higher in 1986. 4) Household consumption function by Age of household head. Income elasticity estimation in 50 Years and over is higher than the other group. 3. Comparison of characteristics of clothing and footwear consumption expenditures in Korea and Japan were M.R.A. Generally, the priority correlation order for Korea is Outwear, Sweaters and Shirt, Other clothing. For Japan, the order is Sweaters and Shirts, Underwear, Services.

• 농촌계획
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• 제22권4호
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• pp.25-36
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• 2016

The purpose of this study is to construct a quantitative evaluation method that can analyze the policy effectiveness with the construction of a implicit composite index incorporating spatial econometrics models. In order to propose a methodological framework for the program evaluation, this study conducts an empirical analysis with the application of the Comprehensive Rural Village Development Project (CRVDP) which explicitly claims to achieve comprehensive goal of community development. The present study pays particular attention to quantifying the composite evaluation index and drawing net effect through the application of a series of spatial econometrics models. The spatial unit of the analysis is drawn at Eup-Myeon level in rural areas in Korea, and the time horizon is in between 2005 and 2010. We utilize the Korean Agricultural Census data in 2005 and 2010. Three steps of methodological processes are needed to satisfy the objective of the present study. First, we apply factor analysis to construct the composite index that represents comprehensive settlement environment in rural area. The index should be matched with the main objective of the CRVDP. Second, we apply the derived index to a series of spatial econometrics model as dependent variable. Lastly, utilizing the estimated coefficients of the econometrics models, we apply decomposition technique to estimate CRVDP's net effect from both cross-sectional and longitudinal perspectives. We find that the results of the decomposition analysis by the execution of the CRVDP are positively associated with the explicit object of the project.

• Earthquakes and Structures
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• 제10권5호
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• pp.1125-1141
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• 2016

The direct displacement based design (DDBD) approach is spreading in the field of seismic design for many types of structures. This paper is carried out to present a robust approach for the DDBD procedure for single degree of freedom (SDOF) concentrically braced frames (CBFs). Special attention is paid to the choice of an equivalent viscous damping (EVD) model that represents the behaviour of a series of full scale shake table tests. The performance of the DDBD methodology of the CBFs is verified by two ways. Firstly, by comparing the DDBD results with a series of full-scale shake table tests. Secondly, by comparing the DDBD results with a quantified nonlinear time history analysis (NLTHA). It is found that the DDBD works relatively well and could predict the base shear forces ($F_b$) and the required brace cross sectional sizes of the actual values obtained from shake table tests and NLTHA. In other words, when comparing the ratio of $F_b$ estimated from the DDBD to the measured values in shake table tests, the mean and coefficient of variation ($C_V$) are found to be 1.09 and 0.12, respectively. Moreover, the mean and $C_V$ of the ratios of $F_b$ estimated from the DDBD to the values obtained from NLTHA are found to be 1.03 and 0.12, respectively. Thus, the DDBD methodology presented in this paper has been shown to give accurate and reliable results.

• 한국사회복지학
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• 제41권
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• pp.68-92
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• 2000

The purpose of this study is to analyze the determinants of social welfare expenditure in local government. The period of 1995 through 1998 data in Seoul, 6 other metropolitan areas, and 9 provinces (Do) were selected and pooled as unit of analysis and total 8 independent variables were selected based on the theoretical background and previous studies. The pooled cross-sectional time-series regression using SPSS program was adapted for the analysis. Among selected independent variables, the rate of economic expenditure to the local government expenditure, the rate of financial self-reliance, and the increase rate of social welfare expenditure to the previous year has been played a significant role in the rate of social welfare expenditure to the total expenditure. Both the rate of economic expenditure and rate of financial self-reliance have had a negative impacts on the rate of social welfare expenditure and the increase rate of social welfare expenditure have affected the rate of social welfare expenditure positively. Therefore, the variables based on the economic constraint theory as well as incrementalism perspective gives greater explanatory power of the social welfare expenditure than the variables on the political choice theory in Korean local government.

• 한국건설관리학회논문집
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• 제14권6호
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• pp.70-77
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• 2013

한국의 거시경제의 발전과정에서 건설산업의 역할과 관련성을 연구하고자 한국은행의 40년(1970년~2011년) 동안의 분기별 GDP상의 건설산출물과 GDP 시계열자료를 통계기법(ANOVA분석, 회귀분석, 종단분석 및 횡단분석 등)을 사용하여 분석하였다. 분석결과 한국의 건설산업은 Bon이 제시한 역 U 자형의 곡선 관계를 나타었고 이 입증된 역U 형의 관계는 건설산업의 GDP 내 비중에서 뿐만 아니라 저개발국단계와 신흥산업국으로의 단계를 지나 선진국단계에 까지 진입했음을 보여주었다. 인과관계검증결과 실GDP 성장률이 한국건설산업의 실질증가를 이끄는 것으로 나타났으나 역 방향으로는 나타나지 않았다. 또한 한국의 건설산업발전도 다른 선진국의 건설산업 성장의 경우와 유사한 형태로 나아갈 것으로 예상되고 있다.

• 자원ㆍ환경경제연구
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• 제10권2호
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• pp.217-234
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• 2001

The use of district heating is expanding very rapidly in Korea. High population densities and the relatively cold winters make district heating an economically attractive option. About 8 percent of Korean houses are already using district heating and the government is seeking to aggressively expand this number. It has set a target of 15 percent of the residential heat market to be met by district heating in the year 2001. The main purpose of this paper is to analyze the consumption behavior of households using district heating. By pooling time-series and cross-sectional data for 12 apartment complexes in Seoul area, a single demand function is estimated and used to forecast the amounts of heat demanded by the individual households. The results shows that the level of consumption varies among households, depending on the non-economic factors such as the installation of individual metering equipment and the volume of apartment building. When individual metering equipment is installed, the level of annual heat consumption per household declines, on average, about 22.1 Mcal per square meters, which is equivalent to 834 won per square meter in terms of heating expenditures. In case that the apartment building was built in more than 6 stories, annual consumption level reduces additionally about 17.3 Mcal per square meters and, thus, save the expenditures by 649 Won per square meters, compared to the opposite case.

• The Journal of Asian Finance, Economics and Business
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• 제7권8호
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• pp.25-31
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• 2020

The purpose of this paper is to examine a financial distress premium in the emerging market. A risk-return trade-off of negative book equity (NBE) and distress firms is empirically analyzed using data from the Stock Exchange of Thailand. This research employs Ohlson's (1980) bankruptcy model as a measurement of distress risk. The results indicate that distress firms outperform solvent firms in the Thai market and deny distress anomaly often found in the developed market. Fama-Frech (1993) three-factor model and Carhart (1997) four-factor model verify the existence of a distress premium in the Thai capital market. Risk-seeking investors demand greater compensation for bearing risks of distress firms' going concern. This paper provides fresh evidence that default risk is a significant explanatory factor in pricing stocks in the emerging market. Also, this study sheds light on the role of NBE firms in asset pricing. Most studies eliminate NBE firms from their sample. However, NBE firms yield superior average cross-sectional returns, albeit with higher volatility. Investors are rewarded with distress risks associated with NBE firms. The outperformance of NBE firms is statistically significant when compared to the overall market. The NBE premium disappears when factoring size, value, and momentum in time-series analysis.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.531-541
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• 2020

This study aims to determine the nature of the association between dividend policy and a corporation's financial performance in emerging countries, as well as the main variables that may have an effect on financial performance. The study included 92 industrial and service sector companies listed on the Amman Stock Exchange (ASE) during the period from 2015 to 2019. The study used Panel Data Analysis and cross-sectional time-series data and simple and multiple linear regression models. A multiple regression model was also developed in order to test whether guess factors may have a possible impact on financial performance (such as Dividend Yield, Dividend Pay-out Ratio, Firm Size, Leverage Ratio, Current Ratio). The data was collected from the annual reports and information that was available on the ASE website covering the period from 2015 to 2019. The results detect a strong relation between DY, DPR, and FSIZE variables that explain firm performance. Also leverage ratio is negatively and significantly associated with ROA and AOE. Moreover, no relations were detected between current ratio and financial performance. The study's conclusion is that dividend policy explains a lot of a company's financial performance, meaning that the dividend policy has a statistically significant impact on company financial performance.

• Human Ecology Research
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• 제53권3호
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• pp.309-318
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• 2015

This study investigates to investigate the ageing effect on household demand for clothing, food, housing and medical care commodities in Korea using a demand system model. The cross-sectional and time-series data from Statistics Korea on urban household expenditures and age projection analyzed household demands of consumption commodities. The household head age and elderly population ratio were employed for proxy variables of ageing. Ageing variable elasticities of commodity demands were estimated. Study results show that ageing variables significantly influenced on a household demand for commodities; clothing and food consumption decreases; however, housing and medical care consumption increases with ageing. The elasticities of total consumption expenditures and price variables were estimated in the demand analysis; these two variables significantly impacted almost all of the household consumption for the studied commodities. This study provides an opportunity to examine how ageing influences household consumption for clothing, food, housing and medical care commodities as Korean society experiences a rapid ageing. It is also meaningful that this study conducted a quantitative measuring of the household demands for commodities that was different from past research on the household consumption expenditures for commodities.