• KDI Journal of Economic Policy
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• v.44 no.1
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• pp.77-98
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• 2022

This paper empirically verifies that the types of capital adjustment costs serve as an important mechanism in relation to investment decision-making after confirming that the investment dispersion of Korean firms is pro-cyclical and can affect business cycles. Specifically, it is found through empirical methods using corporate financial data that capital adjustment costs generally assumed to take a quadratic form in macroeconomics are asymmetric and irreversible in the Korean economy. In particular, capital adjustment costs are empirically proven to cause investment dispersion to expand given that the substitution effect of the marginal value to the marginal cost for one unit of investment in the inter-temporal investment decision is affected by that cost with regard to the resale of owned equipment assets, as opposed to new investments in equipment assets. We ultimately show, albeit indirectly, that investment dispersion can affect business cycles as capital adjustment costs influences investment decisions. What is implied is that the capital adjustment cost is not merely an exogenously deep parameter that fits the dynamics of business cycles in a macroeconomic model but could instead be a policy variable that can be endogenized through government policies.

• International Journal of Highway Engineering
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• v.16 no.3
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• pp.21-33
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• 2014

PURPOSES : This study presents a specific methodology for air dispersion analysis of urban areas methodology in accordance with urban planning and transport policy. METHODS : This study performed three alternatives including development density and public transit applying integrated urban model for the Delft city on Netherlands. Based on this result, the two types of air pollutant emissions($PM_{10}$, NOx) were calculated and analyzed the emission dispersion on that City. RESULTS : As a result, the quality of air near the City is better than that of current conditions showed that approximately from 2.1 to 7.9% according to alternatives. CONCLUSIONS : Air quality assessment in urban areas can be reasonably performed by applying a methodology when urban development and transport policy are considered.

• KDI Journal of Economic Policy
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• v.37 no.3
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• pp.31-53
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• 2015

According to the macroeconomic allocation efficiency measure, particularly based on the methodology of Hsieh and Klenow (2009), Korea's allocation efficiency in the manufacturing industry deteriorated in the 2000s compared to that in the 1990s. This study compares the potential TFP gain when resource allocation is removed, an indicator of allocation inefficiency according to Hsieh and Klenow (2009), and the productivity dispersion in the Korean manufacturing industry. It finds that the TFP gain may be better explained by TFP dispersions rather than proxies related to factors of distortion. The findings imply that we should investigate the sources of TFP dispersion rather than the sources of distortion to explain increases in the TFP gain (or TFP loss), which is considered as allocation inefficiency in the literature.

• Journal of Environmental Science International
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• v.12 no.9
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• pp.977-986
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• 2003

In this study, the scenario for a numerical modeling of the fine grid scale air dispersion phenomena was proposed and an analysis of the special event which was occurred on September 3, 2002 was performed using by a coarse grid prognostic meteorological model, a fine grid diagnostic meteorological model and a fine grid air dispersion model. Based on the results, we found that the local circulations, like as land-sea breeze, should be seriously considered for evaluating the high PM10 concentration event and for making the reduction policy of the major air pollutant emissions in Ansan area.

• International Journal of Human Ecology
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• v.15 no.2
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• pp.59-67
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• 2014

Consumer information influences purchasing behavior; however, less is known about the relationship in the credit market. Credit markets offer consumers a complex array of different products when choosing mortgages. The current study examines whether borrowers search for the very best terms when making major decisions about borrowing money or obtaining credit as well as explores the relation between consumer information seeking and the cost of credit. This study demonstrates the existence of price dispersion between those who made an extensive information seeking and those who did not. When controlling for the proxies of creditworthiness and demographics of the respondents, it is found that those who made a great deal of information seeking tend to have lower mortgage rates than those who made almost no information seeking. This study offers financial educators and policy makers suggestions on how to help consumers make better financial decisions.

• Journal of the Korean Crystal Growth and Crystal Technology
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• v.23 no.6
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• pp.325-328
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• 2013

Phosphate has been removed in waste water by chemically synthesized graphene oxide. Removing efficiency of phosphate was investigated using phosphate dispersion aqueous solution, and 70 % of phosphate was removed in phosphate dispersion solution by chemically synthesized graphene oxide solution. Removing efficiency of phosphate was increased from 70 % to 80 % with assistant of iron nano-particle in chemically synthesized graphene oxide solution. Phosphate removing capacity was up to 89.37 mg/g at initial phosphate concentration of 100 mg/l and temperature of 303 K. The Freundlich was applied to describe the equilibrium isotherms and the isotherm constants were determined.

• The Journal of Fisheries Business Administration
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• v.46 no.2
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• pp.43-57
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• 2015

The study aims to identify the current status of aquaculture information in Korea and suggests policy directions for its integrated management. Firstly, the study focuses on the identification of the current status of aquaculture information by reviewing how aquaculture information is managed. Secondly, this study identifies problems such as lacks in necessary aquaculture information, inefficiency caused by dispersion and overlapping of information, absence of integrated management system and insufficient sharing of information. After identifying the current status of aquaculture information and its problems, the study suggests three basic directions to systematically integrate and manage the information such as establishment of infrastructure for promoting the integrated management of aquaculture information, generation and systematic management of useful aquaculture information and enhancement of user convenience. Finally, the study suggests detailed strategies such as establishment of a foundation to facilitate integrated management of aquaculture information, organization of organic network, sharing of more information, creation of necessary information through demand survey, creation of systematic management system, provision of a customized total service, and increase in education and PR activities on information use.

• Health Policy and Management
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• v.3 no.2
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• pp.159-176
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• 1993

The utilization of outpatient care services involves two steps of sequential decisions. The first step decision is about whether to initiate the utilization and the second one is about how many more visits to make after the initiation. Presumably, the initiation decision is largely made by the patient and his or her family, while the number of additional visits is decided under a strong influence of the physician. Implication is that the analysis of the outpatient care utilization requires to specify each of the two decisions underlying the utilization as a distinct stochastic process. This paper is concerned with the number of physician visits, which is, by definition, a discrete variable that can take only non-negative integer values. Since the initial visit is considered in the analysis of whether or not having made any physician visit, the focus on the number of visits made in addition to the initial one must be enough. The number of additional visits, being a kind of count data, could be assumed to exhibit a Poisson distribution. However, it is likely that the distribution is over dispersed since the number of physician visits tends to cluster around a few values but still vary widely. A recently reported study of outpatient care utilization employed an analysis based upon the assumption of a negative binomial distribution which is a type of overdispersed Poisson distribution. But there is an indication that the use of Poisson distribution making adjustments for over-dispersion results in less loss of efficiency in parameter estimation compared to the use of a certain type of distribution like a negative binomial distribution. An analysis of the data for outpatient care utilization was performed focusing on an assessment of appropriateness of available techniques. The data used in the analysis were collected by a community survey in Hwachon Gun, Kangwon Do in 1990. It was observed that a Poisson regression with adjustments for over-dispersion is superior to either an ordinary regression or a Poisson regression without adjustments oor over-dispersion. In conclusion, it seems the most approprite to assume that the number of physician visits made in addition to the initial visist exhibits an overdispersed Poisson distribution when outpatient care utilization is studied based upon a model which embodies the two-part character of the decision process uderlying the utilization.

• Korean Journal of Remote Sensing
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• v.36 no.5_4
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• pp.1255-1266
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• 2020

In this study, a complex simulation prototype was developed for rapid and accurate prediction of chemical dispersion range in order to reduce human casualties caused by chemical accidents. Complex simulation considered the leakage momentum during the near-field dispersion to take into account the leakage characteristics of the chemical. In the far-distance dispersion process, the wind distribution of the existing model, which was presented uniformly, was improved using weather and topographical information around the accident site, to realize a wind field similar to the actual one. Finally, the damage range was more precise than the existing model in line with the improved near- and far-distance dispersion process. Based on the results of damage range prediction of the complex simulation, it is expected that it will be highly utilized as a system to support policy decision-making such as evacuation and return of residents after a chemical accident.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.17 no.1
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• pp.177-189
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• 2022

This study proposes policy recommendations for the Korea New Exchange ("KONEX"), which is a financial platform for SMEs and startups that relied on indirect and policy financing in the past. SMEs and venture firms with limited human and physical listing resources can grow through market incubation, and venture capitalists expect an early exit or return on investment. However, the lack of liquidity and sluggish trading volume have weakened the function of the market. Despite prior policy efforts, the number of newly listed companies has decreased while listing demand for KOSDAQ and K-OTC has increased. This study aims to suggest short- and long-term improvements in regulations and throughout the KONEX firms' listing life cycle. First, the minimum deposit requirement on individual investors should be abolished to increase the number of investors. Second, information disclosure should be conducted by firms so that the nominated advisor can focus on discovering and supporting new listed companies. Third, in order to increase trading volume, the 5% dispersion rule should be changed to 25% dispersion incentive principle. Fourth, a new track without profit condition in expedited transfer listing should be introduced because the KOSDAQ relaxes the profit realization requirements for listing. Lastly, transfer listing without additional review for firms that fulfill ownership dispersion, information disclosure, and investor protection will strengthen the incubating role of the KONEX.