• The Journal of Asian Finance, Economics and Business
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• v.7 no.8
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• pp.161-173
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• 2020

This study examines the nonlinear relationship between financial development and economic growth in Pakistan using the threshold regression model for the period 1980-2017. We also employed quantile regression with 0.25, 0.50, and 0.75 quantiles of conditional distribution. The quantile regression is based on minimizing of sum of squared residuals. The result indicates that economic growth responds positively to financial development when the level of financial development surpasses the threshold value of 0.151. However, when financial development lies below the threshold value (that is, 0.151), its impact on economic growth is negative. Thus, when financial development of Pakistan surpasses the threshold level, it contributes more towards economic growth since greater level of financial development contributes more to boosts economic growth. This finding reveals that economic growth reacts differently to financial development, and the relationship between financial development and economic growth is U-shaped in Pakistan. Among the other variables, physical capital, labor force, and government expenditure exert a positive effect on economic growth. Furthermore, inflation rate and trade openness have an insignificant impact on economic growth. The results of quantile regression also confirm the non-linear relationship between financial development and economic growth in Pakistan. The finding of this study suggests revamping of financial sector policies in Pakistan.

• International Journal of Industrial Entomology and Biomaterials
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• v.4 no.2
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• pp.133-136
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• 2002

Whitefly, Dialeuropora decempuncta (Quaintance rind Baker) (Homoptera: Aleyrodidae) has attained the major pest status in mulberry, causing 24% crop loss by sucking the leaf juice and manifesting leaf curl, chlorosis and sooty mould desease during monsoon season in West Bengal, India. The assessment of economic threshold revel is an essential component for formulating the management practices. Experiments were carried out by inoculating five different densities of whitefly viz.,10, 20, 30, 40 and 50 adults on covered mulberry plants in glass houses. From the findings, it was observed that irrespective of released density, no crop loss was observed in the initial period. But with the passing of days, the percent crop loss was increased rapidly. The linear relationship between percent crop loss and number of adults released was established to highlight the significance of economic threshold. The statistical analysis in the linear form of equation showed that initial population of 10, 20, 30, 40 and 50 whiteflies/plant causes 3%, 12%, 21%, 30% and 40% crop loss in a period of 28 days which is equivalent to 57 kg, 247 kg, 437 kg, 626 kg and 816 kg leaf/acre. Execution of management practices (spray of 0.01% monocrotophos) are economical to the farmer whenever the loss is above 247 kg/acre, but below which application of control measures is not economical. From this study, it can be inferred that the economic threshold level far whitefly is 20 individuals/plant beyond which a farmer has to take appropriate control measures.

• Research in Plant Disease
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• v.19 no.3
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• pp.196-200
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• 2013

This study was carried out to investigate yield loss due to soybean leaf spot disease caused by Cercospora sojina Hara and to determine the economic threshold level. The investigations revealed highly significant correlations between disease severity (diseased leaf area) and yield components (pod number per plant, total grain number per plant, total grain weight per plant, percent of ripened grain, weight of hundred seed, and yield). The correlation coefficients between leaf spot severity and each component were -0.90, -0.90, -0.92, -0.99, -0.90 and -0.94, respectively. The yield was inversely proportional to the diseased leaf area increased. The regression equation, yield prediction model, between disease severity (x) and yield (y) was obtained as y = -3.7213x + 354.99 ($R^2$ = 0.9047). Based on the yield prediction model, economic injury level and economic threshold level could be set as 3.3% and 2.6% of diseased leaf area of soybean.

• The Korean Journal of Pesticide Science
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• v.18 no.3
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• pp.175-180
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• 2014

This study was carried out to determine the economic injury level and economic threshold level on beet (Beta vulgaris L.) infested with Spoladea recurvalis in the plastic greenhouse condition in 2010. The second instar larvae of S. recurvalis were inoculated with 7 different density levels on the each 10 beet plants as a replication. Injury levels of beet leaves and density of S. recurvalis were increased with the inoculation density of S. recurvalis. However, yield and marketable commodity of beet were decreased. Linear relationship between the percent yield reduction (Y) of beet leaves and different infestation densities of S. recurvalis (X) was estimated by the following equation Y = 1.226x + 3.36. Based on the relationships between the densities of S. recurvalis larvae and yield index of beet leaves, the number of second instar larvae which caused 5% loss of yield, economic threshold level was estimated as 1.1 larvae/10 plants for the planting 10 days. The percent yield reduction (Y) of beet roots infested with different densities of S. recurvalis (X) estimated by the following equation Y = 1.537x + 1.4634 after inoculation for 10 days at 3rd harvesting of leaves. Based on the relationships between the densities of S. recurvalis larvae and yield index of beet roots, the number of second instar larvae which caused 5% loss of yield, economic threshold level was estimated as 6.4 larvae/10 plants for the planting 10 days.

• International Journal of Highway Engineering
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• v.17 no.1
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• pp.129-142
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• 2015

PURPOSES : The purpose of this study is to suggest a basis for setting appropriate safety goals specifically related to the threshold zone luminance in a vehicular traffic tunnel. METHODS : In the test, drivers were divided into two groups. One group consisted of all drivers (average drivers) group with an age ratio of drivers holding domestic driver's license and driver group by age to produce threshold zone luminance in the tunnel. The threshold zone luminance produced as a result was used to analyze how it affects the safety level of each driver group and provide a basis for setting an appropriate safety criterion that can be used to determine threshold zone luminance. We used test equipment, test conditions, and ananalysis of threshold zone luminance identical to that reported by ChoandJung(2014) but the values of adaptation luminance in our analys is were expanded to range from100 to $10,000cd/m^2$. RESULTS : Adaptation luminance and threshold zone luminance are found to be related by a quadratic function. The threshold zone luminance needed by older drivers to ensure a certain safety level is significantly higher than that for drivers of other age brackets when adaptation luminance increases. 56% of older drivers are at an increased risk of an accident at the same luminance for which the safety level of average drivers is 75%. The safety level that can be achieved for older drivers increases to above 60% when threshold zone luminance level is set with the goal of attaining a safety level of more than 85% for average drivers. The safety level that can be attained for average drivers is above 90% when the threshold zone luminance is high enough to ensure over 75% in the safety level of older drivers. Results of this study are applicable to highways and others whose designed speed is 100 km/h. CONCLUSIONS : Threshold zone luminance determined on the basis of drivers having average visual ability is of limited value as a performance standard for ensuring the safety of older drivers. Hence, safety level for older drivers should be considered separately from safety levels for drivers with an average ability to avoid risk. Upward adjustment of older drivers' safety level in the process of determining appropriate threshold zone luminance in a vehicular traffic tunnel may bring both tangible and intangible benefit as a result of reducing accidents. However, there is an associated dollar cost arising from installing and operating lights. As a result, the economic impact of these trade-offs should also be considered.

• The Korean Journal of Pesticide Science
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• v.19 no.4
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• pp.394-398
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• 2015

This research was performed to establish economic threshold (ET) for rice sheath blight disease with the cultivar Odeabyeo. Total yield and yield components, such as the panicle number per hill, the spikelet per panicle, the percent ripened grain and the thousand grain weight were evaluated depending on the disease severity of sheath blight on rice, respectively. Significant negative correlation between the percent of diseased hill (PDH) and total yield was observed (r = -0.93). Moreover, negative correlation coefficients were found between PDH and spikelet per panicle, and percent ripened grain (r = -0.66 and -0.77, respectively). There were no correlations between PDH and the panical number per hill, and a thousand grain weight, respectively. In this study, economic threshold level on sheath blight disease on rice was established on 7.8% of PDH.

• International Journal of Highway Engineering
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• v.16 no.3
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• pp.85-99
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• 2014

PURPOSES : This study has been performed with the objective to determine threshold zone luminance of adaptation luminance by target safety level in a vehicular traffic tunnel with design speed set at 100km/h. METHODS : The study made a miniature capable of portraying changes in luminance distribution within $2{\times}10^{\circ}$ conical field of view of the driver approaching to the tunnel for the test. Test conditions were set based on justifications for CIE 88-1990's threshold zone luminance used as a reference by domestic tunnel light standards (KS C 3703 : 2010). Luminance contrast of object background and object is 23%, object presentation duration is 0.5 seconds, and size of the object background is $7.3{\times}11.5m^2$ RESULTS : Threshold zone luminance was set within adaptation luminance of $100{\sim}3,000cd/m^2$. Adaptation luminance and threshold zone luminance based on 50%, 75% and 90% target safety level all showed a relatively high linear relationship. According to findings in the study, it is not appropriate to specify the relationship between adaptation luminance and threshold zone luminance as luminance ratio. Rather, direct utilization of the linear relationship gained from the study findings appears to be the better solution. CONCLUSIONS : Findings of this study may be used to determine operation of threshold zone luminance based on target safety level. However, a proper verification and validity of test results are required. Furthermore, a study to determine proper threshold zone luminance level considering target safety level reviewed in this study and various decision-making factors such as economic conditions in Korea and energy-related policies should be carried out in addition. Additional tests on adaptation luminance greater than $3,000cd/m^2$ will be performed, through which application scope of the test findings will be broadened.

• Korean journal of applied entomology
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• v.47 no.4
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• pp.407-411
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• 2008

This study was conducted to estimate the economic injury level (EIL) and economic threshold (ET) of the green peach aphid, Myzus persicae, on Chinese cabbage (Brassica campestris var). The changes of biomass of Chinese cabbage and M. persicae density were investigated after introduction of M. persicae at different density (0, 2, 5, 10, 15, and 20 per plant; inoculated at 10d after planting). The densities of M. persicae largely increased from the above initial densities to 0, 92.3, 177.4, 406.9, 440.4, and 471.3 aphids per plant at 18d after the initial inoculation, respectively. The biomass of Chinese cabbage significantly decreased with increasing the initial inoculated density of M. persicae: 602.0, 264.2, 262.0, 109.3, 151.0, and 67.3 g in above plots with different initial densities, respectively. The relationship between cumulative aphid days (CAD) and yield loss (%) of Chinese cabbage was well described by a nonlinear logistic equation. Using the estimated equation, EIL of M. persicae on Chinese cabbage was estimated 25 CAD per plant based on the yield loss 13%, which take into account of an empirical gain threshold 5% and marketable rate 92% of spring Chinese cabbage. Also, ET was calculated at 80% of EIL: 20 aphids per plant. Until a more elaborate EIL-model is developed, the present result may be useful for M. persicae management at early growth stage of Chinese cabbage.

• Journal of the Korean Regional Science Association
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• v.13 no.2
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• pp.45-54
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• 1997

A regional economy is characterized as a spatial economy. However the literature shows that it has been treated as a point economy since space is little recognized in regional modeling due to mathematical complication. This leads to the fact that regional model does not sufficiently represent regional characteristic. This paper attempts to construct a regional growth model in a partial equilibrium framework specifically taking into consideration land as a primary factor. The model is formulated largely neoclassical. Labor is assumed to move in response to differences in the wage rate, while capital is perfectly mobile across regions. The paper shows that two growth equilibrium points exist, one stable equilibrium point and the other unstable equilibrium point. The unstable growth equilibrium indicates the existence of minimum threshold that a region must overcome the minimum threshold to grow constantly. Consequently, directions of regional growth are characterized by two growth paths depending on the initial condition of a region. That is to say, a region below the minimum threshold is converging toward the lower stable equilibrium point over time. When a regional economy initially lies above the minimum threshold, it will grow forever. A regional economy is not thus necessarily converging a stationary is not thus necessarily converging a stationary equilibrium point through factor movement. Finally, the impacts of the presence of agglomeration economies and diseconomies are analyzed through the phase diagram. The paper also shows that agglomeration economies result in lowering the minimum threshold and in escalating the level of stable equilibrium However, when agglomeration diseconomies prevail, the results are opposite, i.e., rising the minimum threshold of growth and lowering the growth level of stable equilibrium.

• The Korean Journal of Pesticide Science
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• v.14 no.3
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• pp.241-246
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• 2010

Field experiments were carried out to establish economic threshold for com borer (Ostrinia furnacalis (Guen$\'{e}$e)) on waxy com plants by examining the number of adult insects caught in pheromone traps and the injury levels of waxy com which were artificially controlled. Adult com borers were lured into the pheromone traps during the whole growth period in five areas in Gangwon province including Chuncheon. The number of com borers trapped was the greatest in Chuncheon followed by Cheolwon and Hongcheon, and the same trend was observed for injury level of waxy com. Based on marketable yield data of waxy com plants related to the artificially-controlled injury levels at tassel stage, spray threshold was determined as the injury level of 11~15%, where the injury of com plants exceeded the economically admitting level.