• 제목/요약/키워드: dummy variable

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A Safe-haven Property of Cryptocurrencies: Evidence in Vietnam Stock Market During Pandemic Crisis

  • NGO, Nam Sy;NGUYEN, Huyen Thi Mai
    • The Journal of Asian Finance, Economics and Business
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    • 제8권12호
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    • pp.465-471
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    • 2021
  • The study investigates the dynamic correlation of cryptocurrencies and equity in Vietnam and tests the safe-haven property of them from the perspective of the stock market in Vietnam during the pandemic crisis by applying the dynamic conditional correlation (DCC) GARCH model and regression with a dummy variable, respectively. This study employs time series data on the daily dataset from September 2014 to September 2021 with the focus on the two most popular cryptocurrencies - Bitcoin and Litecoin. The results show that the dynamic conditional correlations between cryptocurrencies and equity in Vietnam increased during the pandemic, however, in most periods, positive dynamic correlations often dominate. Besides, the regression results also indicate that Bitcoin and Litecoin act as weak safe-haven investments for stocks in Vietnam during the COVID-19 turmoil. They are more suitable for diversification purposes although the dynamic correlations between them and the stock index in Vietnam vary stronger during the pandemic crisis than before. The findings of this study suggest that in the period of pandemic crisis, cryptocurrencies are not concerned as effective safe-haven assets for stock in Vietnam. Instead, cryptocurrencies are only playing a potential role in diversification benefit in this economy.

다중전류레벨 인터리버 컨버터를 이용한 전자부하 시스템 구성 (Construct of Electronics Load System using the Multi-level Interiver Converter)

  • 문현철;송광철;이창호;박성미;박성준
    • 한국산업융합학회 논문집
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    • 제23권6_2호
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    • pp.989-998
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    • 2020
  • Recently, demands for large-capacity electronic loads are increasing in various industries such as a reliability test for the performance of a DC power supply device or a dummy-load for improving the stability of an independent microgrid to be actively built in the future. The electronic load required in these various fields requires an operation such as a continuously variable resistance load while minimizing the switching harmonic component generated in the electric load current in order to reduce the influence of interference from the load peripheral device. Electronic loads require a system that minimizes switching current ripple for load control. Therefore, in this paper, we propose a three-level module converter structure to reduce the current ripple of an electronic load, and a multilevel interleaved power converter topology to reduce the current ripple. The validity of the proposed electronic load, 3-level 6 interleaver converter, was verified by simulation and experiment. In addition, the user's convenience was provided by applying the emotional command curve interface method.

Post-Crisis Behavior of Banks in Asia: A Case of Chronic Over-Capitalization

  • MOHAMMAD, Khalil Ullah;MUHAMMAD, Affan;MUHAMMAD, Kaleem Ullah
    • The Journal of Asian Finance, Economics and Business
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    • 제8권3호
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    • pp.517-525
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    • 2021
  • The study investigates the behavior of Asian banks in response to the subprime mortgage crisis and examines how countries that have experimented with a mix of conventional and Islamic banking managed their balance sheet during that period. The study carries out an independent mean t-test comparing the difference of leverage of 464 conventional commercial Asian banks pre- and post-crisis from the largest twenty-five Asian economies based on GDP (2007). The analysis uses 10-year unbalanced panel data of conventional banks and employs the generalized least squares estimation using a dummy variable event window method to capture the response of Asian banks. The study finds evidence of a structural change in the capital structure of Asian commercial banks in response to the financial crisis. Findings suggest that conventional banks increased their capital position more in countries that have both Islamic and conventional banking than those countries without Islamic banking services. By having Islamic banking in their product portfolio, countries can exert market discipline on conventional banks. The study identifies a significant role of global macroeconomic shocks on banks liability structure decision-making. Evidence shows that this increase in capital positioning by banks was a permanent rather than a temporary response.

도시 및 기후특성이 에너지 회복력에 미치는 영향 - 정전발생시간을 중심으로 - (The Effect of Urban and Climate Characteristics on Energy Resilience - Focusing on Blackout Time -)

  • 이동성;문태훈
    • 국토계획
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    • 제54권4호
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    • pp.122-130
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    • 2019
  • The purpose of this study is to analyze effect of climate and urban factors on energy resilience, and to explore policy alternatives to strengthen resilience of energy system. For this purpose, this study used extensive literature review on resilience studies and multiple regression analysis. In this study, blackout time was set as a dependent variable. And the independent variables were divided into climate and urban (robustness, countermeasure capacity) characteristics. As a result of the analysis, in terms of climate characteristics, maximum wind speed and cooling/heating degree-day have statistically significant impact on blackout time. With regard to urban characteristics, number of consumer, ratio of deteriorated housing and coast dummy variables have statistically significant impact on blackout time. And the ratio of government employees and road ratio were found to be the most influencing factors to shorten time taken to restore original level of electricity supply. Based on the study results, several policy suggestions to improve energy resilience were made such as continuous management of vulnerable areas and strengthening disaster response services. This study only considered engineering dimension of resilience. Further studies need to be approached on ecological & social-ecological dimension.

건설현장 내 위험작업구역 접근 시 위험도 예측 프로세스 (Risk Prediction Process for Access to Hazard Workplaces in Construction Sites)

  • 하민우;조유진;손석현;한승우
    • 한국건축시공학회:학술대회논문집
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    • 한국건축시공학회 2020년도 가을 학술논문 발표대회
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    • pp.69-70
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    • 2020
  • Accidents in the construction industry are very high compared to other industries, and the number is also increasing steeply every year. Relevant studies were limited for solving the problems. The purpose of this study is to develop a comprehensive risk prediction process for personnel deployed at construction sites on safety management. First of all, the variables were divided into fixed, real-time and working types variables, and the relevant comprehensive data were collected. Second, the probability of a disaster was derived based on the collected data, and weights for each variable were calculated using the dummy regression analysis method using statistical methodology. Lastly, the resulting weighting and disaster probability equation was constructed, and The Final Risk Calculation Formula was developed. The Final Risk Calculation Formula presented in this study is expected to have a significant impact on the establishment of effective safety management measures to prevent possible safety accidents at construction sites

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A Gender Comparative Study on South Korean Youth Internet Addiction

  • Hasan Tinmaz;Jin Hwa Lee
    • Asia pacific journal of information systems
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    • 제30권3호
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    • pp.590-613
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    • 2020
  • As a part of advanced technology society, South Korean youth have been accessing the Internet at a very high pace. The Internet overuse could yield addiction where may be a serious psychological disorder of this century. The literature remarks that gender could make a significant difference on internet addiction. Therefore, this study aims to examine the effect of gender variable on internet addiction for a sample of South Korean university students (n = 815; 312 females and 503 males). The instrument had two sections; the demographics and twenty Internet Addiction survey items based on a five level scale; "Rarely, Occasionally, Frequently, Often and Always". The results showed that general tendency among the participants appeared between "Occasionally" and "Frequently" for internet addiction. In order to test five derived study hypotheses, the researchers conducted comparative statistical tests. The t-tests revealed that gender made statistically significant differences on nineteen items where males were higher than females showing that males significantly spend more time on the Internet than females. Additionally, t-tests results showed that seventeen of the survey items showed statistically significant differences with respect to types of technology dominant environment. The researchers created two dummy variables to combine gender and technology dominant environment variables and gender and school year variables, to have a better understanding the gender effect with one-way ANOVA. The gender difference still exists following its merge to technology dominant environment showing that the gender surpasses IT related environment. When school year combines to gender, males show higher scores for certain items, especially for freshman year.

시도별 패널데이터를 이용한 경유제품 수요함수 추정 (Estimation of diesel fuel demand function using panel data)

  • 임찬수
    • 에너지공학
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    • 제26권2호
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    • pp.80-92
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    • 2017
  • 본 연구는 1998년부터 2015년까지의 16개 시도별 경유수요량, 경유제품 판매가격(유통단계), 및 총 부가가치생산의 패널데이터를 이용하여, 패널GLS, 고정효과(Fixed Effect), 확률효과(Random Effect) 및 동적패널(Dynamic Panel) 모형을 통해 국내 경유수요함수를 추정하고, 이를 통해 가격탄력성과 소득탄력성을 추정하였다. 단기 가격탄력성은 -0.2146(패널GLS), -0.2886(고정효과), -0.2854(확률효과), -0.1905(동적패널)로 추정되었고, 단기 소득탄력성은 0.7379(패널GLS), 0.4119(고정효과), 0.7260(확률효과), 0.4166(동적패널)로 추정되었는데, 모두 비탄력적인 것으로 나타났다. 장기 가격탄력성과 장기 소득탄력성은 동적패널을 통해 추정하였고, 각각 -0.4784, 1.0461로 유의하게 나타났다. 경유 수요는 소득에 증감에 대해 단기적으로는 비탄력적이나, 장기적으로는 탄력적으로 나타나고 있다. 추가로 서울지역을 기준으로 지역변수를 더미변수(Dummy Variables)로 하여 각 지역의 경유수요로의 효과를 검정하였는데, 10개 지역에서 상대적으로 유의하게 추정되었다.

골든타임 확보를 위한 소방차 통행시간 예측모형 개발 (Development of Fire Engine Travel Time Estimation Model for Securing Golden Time)

  • 장기훈;조성범;조용성;손승녀
    • 한국ITS학회 논문지
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    • 제19권6호
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    • pp.1-13
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    • 2020
  • 화재 발생 시 골든타임 내 화재를 진압해야 인명 및 재산 피해를 최소화할 수 있다. 이를 위해 소방차의 신속한 현장 도착이 필요하다. 본 연구에서는 화재발생 자료와 교통 GIS DB 자료를 융합하여 화재발생 시 소방차 통행시간에 영향을 주는 도로 및 환경요인을 모색하고, 골든타임을 확보하기 위한 소방차 통행시간 예측 모형을 구축하고자 한다. 상관분석과 더미 변수를 이용한 회귀분석을 적용하여 소방차 통행시간 예측 통합 모형(모형1)과 화재발생지 토지이용행태별로 분석한 소방차 통행시간 예측 모형(모형 2, 3, 4)을 구축하였다. 분석 결과, 모형 1에서는 유의성이 있는 독립변수 17개를 도출하였으며, 토지이용행태에 따라 소방차 통행시간에 주는 영향이 차이가 있는 것으로 분석되었다. 4가지 모형에서 공통 핵심 변수(통행거리, 차로 수, 도로등급)를 도출하였다. 본 연구를 통해 긴급차량 통행시간 관련 연구에서 지표로써 변수를 활용할 수 있으며, 긴급차량 골든타임 확보에 기여할 것으로 사료된다.

저출산 가계와 출산계획 있는 가계의 경제구조 비교 분석 (The Differences in Household Economic Structure between Low-Fertility and Birth-Planned Households)

  • 차경욱
    • 가정과삶의질연구
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    • 제23권2호
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    • pp.137-148
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    • 2005
  • This study compared one-child households' economic structures between those who determined not to have more children and those who have a birth plan. This study examined the demographic characteristics and economic variables such as income, consumption expenditures, assets. debt, and a subjective evaluation of future economic status. Especially, it compared the effects of socioeconomic variables on expenditures on a child between low-fertility and birth-planned households. From a questionnaire completed by a husband or wife of one-child households, 154 low-fertility households and 201 birth-planned households were obtained. A t-test, chi-square test, multiple regression analysis and a dummy variable interaction technique were used. The findings of this study are as follows: First, low-fertility households were older, had higher income, and had more educated, employed wives. Their marital duration was longer, and their child was older than those of birth-planned households. Second, low-fertility households had higher consumption expenditures than did birth-planned households. Especially, expenditures of apparel and shoes, health care, education, and entertainment were significantly higher for low-fertility households. Also, low-fertility households spent more than did birth-planned households on a child. However, low-fertility households had significantly more debt than did their counterparts, and their expectation level of future economic status were lower than that of birth-planned households. Third, the effects of socioeconomic variables on expenditures on a child were different between low-fertility and birth-planned households. Age, education level, husband's occupation, wife's employment status, income, net asset, and subjective evaluation of future economic status showed significant differences. Income elasticity of expenditure on a child was significantly higher for low-fertility households than their counterparts.

Study on The Customer Service of Hospitals and Clinics According to Franchised Form or Not

  • Lee, Kyung-Soo;Nam, Seok-Woo;Choi, Young-Soo
    • 한국임상보건과학회지
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    • 제2권2호
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    • pp.148-157
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    • 2014
  • Purpose. This study compares and analyzes customer service on customer satisfaction and customer royalty on customer satisfaction targeting the customers visiting a hospital or a clinic which is franchised or not. And it aims at helping business rationalization for a medical institution. Methods. This paper conducts a survey and selects a sample of 670 customers except the missing value targeting the customers of 4 primary health care institutions and 4 bigger health care institutions in Seoul and Gyeonggi province. It conducts frequency analysis for the purpose of investigating the respondents' generic characteristic and factor of their medical institution selection, and factor analysis, reliability analysis and regression analysis for the hypothesis testing. Results. The first hypothesis testing result is significant in level of significance of 0.01. The second one is the same as the first one, but the dummy variable shows a negative regression coefficient(-0.479). The third one is significant in level of significance of 0.01, but the forth one is not significant. And the respondents prioritize website(Home page) and convenience in use of a hospital procedure for selecting a hospital or a clinic. Conclusions. The additional analysis finds that the franchised group has more satisfaction than none franchised group. But in case of their royalty, the average of franchised and none franchised groups are not significantly different. Therefore, the results of this paper reveal to support the results of the advanced researches.