• Title/Summary/Keyword: elasticities

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A Study on Determinants Affecting At-home Laver Consumption Expenditures : Type II Tobit Model Treating Sample Selection Bias (김 가정 소비 지출의 결정 요인 분석 : 선택 편의를 고려한 Type II 토빗 모형을 이용하여)

  • Lee, Min-Kyu;Park, Eun-Young
    • The Journal of Fisheries Business Administration
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    • v.40 no.3
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    • pp.147-167
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    • 2009
  • The objective of this study is to analyze the determinants of at-home laver consumption expenditures using the data from a survey of households implemented in 2009. It happened that non-response ratios of monthly expenditures on dry laver and flavored laver among sampled households are 18.8% and 25.6%. Accordingly, this study tries to analyze the determinants affecting at-home laver consumption expenditures by using type II tobit model, one of sample selection models, to deal with sample selection bias caused from non-response data. Analysis results show the age variable positively affects expenditures on dry laver but negatively contributes to expenditures on flavored laver. In addition, the household size, the household's income, the degree of preference for laver have positive relationships with both expenditures. Household size elasticity and income elasticity of the expenditure on dry laver are estimated as 0.220 and 0.251. In the case of flavored laver, these elasticities are estimated as 0.484 and 0.261. Such analysis results can provide information on division of the at-home laver consumption market into groups with high willingness to expense and implementation of detailed marketing strategies to increase at-home laver consumption. The methodology of this study can be applied to consumer preference analysis on other marine products and other analyses on sample with non-response data in the fishery research.

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The Estimation of the Demand Function of Pork Cuts (돼지고기 부위별 수요함수 추정 - 수도권 소비자를 중심으로 -)

  • Nam, Kuk-Hyun;Choe, Young-Chan
    • Journal of Agricultural Extension & Community Development
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    • v.23 no.1
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    • pp.27-37
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    • 2016
  • This paper estimated the demand function of the cuts of pork by using the consumer panel and the weather data from the Korea Meteorological Administration with a log-log model and AIDS model. The results show that the price elasticity of demand for cuts of pork is high in the sequence of arm shoulder, leg, special cuts, tenderloin, blade shoulder. In contrast, spare rib, belly and loin are classified as low price elasticity of demand. The income elasticities of demand for leg and blade shoulder are 11% and 7.6% respectively. The loin is classified as inferior goods, because demand decreases when income increases. The results also demonstrate show that the demand increases highly in the sequence of loin, arm shoulder, spare rib, belly if housewife is older, and the demand of belly increases when family number increases. Belly substitutes every cut except spare rib, and tenderloin substitutes special cuts. Spare rib, on the other hand, does not substitute other cuts. In addition, job status, family member, husband job, purchasing place, consumer characteristic, eating-out times, purchasing time, and weather are statistically significant.

Outlook for consumption of subtropical vegetables and required cultivation area (아열대채소의 소비량과 필요재배면적 전망)

  • Lee, Hong-Jin;Kim, Sung-Yong;Kim, Yun-Sik;Jeon, Sang-Gon
    • Korean Journal of Agricultural Science
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    • v.40 no.4
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    • pp.425-434
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    • 2013
  • Nowadays, the korean peninsula has endured weather changes toward to the subtropical climate. Also demographical structure has changed into multi-cultural society in which many people from subtropical areas have immigrated into Korea. Therefore, consumption and production of subtropical vegetables become important. For the analysis, we choose eight important subtropical crops. EDM (Equilibrium Displacement Model) with many parameters and elasticities is used for the forecast of consumption and required cultivation area. The simulation focuses on the changes of the number of foreign workers and immigrated women in Korea to predict the quantity of consumption and required area in Korea. The results show that we need additional land area about 581~1,065 ha for the cropping subtropical vegetables in Korea. Finally, these required area can be provided by the cities and counties in coast area in Gyeongsangnam-Do, Jeonranam-Do and Jeju-Do. Climate change will be continued in the future. Together with climate change, the change of demographical structure into multi-culture may increase consumption and production of subtropical vegetables. Forecasting of increased consumption and required cultivation area for subtropical vegetables is significant.

The Change of Garment Pressure and Body Measurement by Material of Women's Girdle

  • Park, Jee-Hye;Chun, Jong-Suk
    • Journal of the Ergonomics Society of Korea
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    • v.31 no.3
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    • pp.455-461
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    • 2012
  • The aim of this study was to investigate the appropriate elasticity of the textile material used for making women's girdle. Background: The elastic textiles have been used for making girdle. The hard type girdle gave high pressure on the body to make slim look. However, excessively high garment pressure caused negative effect to human bodies. This study studied the material giving proper garment pressure in girdle. Method: In this study five experimental girdles were made fabrics with various elasticities. The change of garment pressures and body girths were measured after subjects wearing the experimental girdles. The garment pressure was measured at 10 points. Body girths measured at abdomen, hip, and thigh. Results: The garment pressure of the commercial girdle was high at side of waistband, side femur and back gluteal fold. The experimental girdles made with high elasticity material definitely lowered garment pressure at those points. After wearing experimental girdle their abdomen and hip girths measurements were decreased. But, thigh girth was not reduced. Conclusion: The girdle made with excellent elasticity materials reduced garment pressure significantly and it made body slim as much as the commercial girdle except the thighs. Application: This study provides guideline for the developing girdle that applying optimum range of garment pressure with body slim effect.

Testing for Competition in the Korean Petroleum Refining Industry (유가자유화에 따른 국내 정유산업의 경쟁도 분석 -구조적 모형과 비구조적 모형의 비교-)

  • Oh, Sunah;Heo, Eunnyeong
    • Environmental and Resource Economics Review
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    • v.15 no.1
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    • pp.51-69
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    • 2006
  • This paper analyze the degree of competitiveness of the refining industry after price liberalization. We use two well-known methods: the first is Bresnahan (1982) and Lau (1982) method that estimates a structural model consisting of a demand relation and supply relation and the second is Panzar and Rosse (1987) method that estimates non structural model of the sum of elasticities of gross revenue with respect to input prices. Results from two models show mixed sign, however, our results indicate that price liberalization improved the degree of competitiveness.

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Mechanical Characteristics of Garlic Scapes for Developing Mechanical Garlic Bulbils Harvester (마늘 주아 수확기 개발을 위한 마늘종의 역학적 특성 분석)

  • So J. D.;Kim G. H.;Kwon S. H.
    • Journal of Biosystems Engineering
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    • v.30 no.2 s.109
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    • pp.75-80
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    • 2005
  • Mechanical characteristics of flower stalks (scapes) of garlic such as shear forces, cutting forces, and modulus of elasticities were investigated as a preliminary research to develop a mechanical harvester of garlic bulbils. The average shear forces of garlic scapes was 0.642 N and the maximum and minimum shear forces were 1.42 and 0.25 N, respectively. The shear forces generally increased as the diameter of garlic scapes increased. There was no correlation between the modulus of elasticity and the diameter of garlic scapes and the average modulus of elasticity of garlic scapes was around $2.40\times10^7\;N/m^2$ There was also no correlation between the cutting force and the diameter of garlic scapes. As the downward speed of blade increased, the cutting force of garlic scapes decreased and reversed to increase. The cutting forces of the lower part garlic scapes were lower than those of the upper part. The range of cutting forces of the lower and the upper part of garlic scapes were 3.88-4.04 N and 4.29-4.93 N, respectively.

Analysis of the Expenditure Behavior by Family Types: Comparison of single-mother families and two-parent families (가계유형에 따른 소비지출행동 분석: 편모가계와 양부모가계의 비교)

  • 차경욱
    • Journal of Families and Better Life
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    • v.21 no.3
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    • pp.61-73
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    • 2003
  • The purpose of this study was to compare the consumption expenditure patterns and the effects of socioeconomic variables on expenditure between single-mother families and two-parent families. From the 2001 Household Income and Expenditure Survey conducted by Korea National Statistical Office (KNSO), 693 single-mother families and 14,439 two-parent families were selected. A t-test was completed to examine how the expenditure patterns of two types of families differ. Total expenditures and expenditures on 11 consumption categories were modeled as functions of permanent income and other socioeconomic variables. Also, dummy variable interaction technique was used to examine whether the independent variables differently affected the expenditures between single-mother families and two-parent families. The results of this study indicated that there were differences between single-mother and two-parent families in the levels and shares of expenditures of each consumption category, and the effects of socioeconomic variables on expenditures. Single-mother families had spent less than did two-parent families in each consumption category. However, single-mother families had significantly higher expenditure shares for food at home, shelter, utilities, apparel and shoes, and education. Income elasticities for food at home, shelter, utilities, and education of single-mother families were significantly larger than those of two- parent families.

Study on Forms of Engel Curves in the Analysis of Household Budgets (가계분석에 있어서 Engel curvedml 함수형태에 관한 연구)

  • 배연수
    • Journal of the Korean Home Economics Association
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    • v.28 no.4
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    • pp.87-101
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    • 1990
  • This study was undertaken to test to fit forms of the Engel curves to data. The comparisons were confined to the linear, semi-logarithmic and double-logarithmic forms. Data from the 1970-1987 Urban Household Economy Survey were used to estimate the Engel curves. The twelve categories of consumption expenditure were considered for investigation. Parameters of the Engel curves were derived from OLS and TSLS. In this paper the size of the family was used as the deflater. The results could be summarized as follows: 1. Comparing with the R2 of three foms, it could be concluded that, the linear form generally gave a better fit to data than the other forms did. Only for housing and clothing and foot wear, did the semi-logarithmic form give a better fit. Only for meals outside the home, fuel, light and water charges, and miscellaneous, did the double-logarithmic form give a better fit. 2. Comping with the income elasticities based on the alternative forms, it could be concluded that the differences between the estimates were since each form made different assumption as to the way in which elasticity varied. In general, the semi-logarithmic form gave the highest estimate and double-logarithmic form did the lowest estimate. The difference between semi-logarithmic and the other forms were greater than the those of linear and double-logarithmic form. 3. It was found that the income elasticity varied with the difinition of income used as an explanatory variable in Engel curves.

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Trends and Prospects for Demographic Structure and Labor Supply in Korea (우리 나라 인구 및 학력의 구조변화와 노동력 수급전망)

  • 구성열;강병규
    • Korea journal of population studies
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    • v.21 no.1
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    • pp.5-41
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    • 1998
  • Over the past 30 years, Korea experienced demographic transition which typically substitutes quality(education) for quantity(number) of population. This paper decomposed labor supply into quantity and quality aspects and estimated the respective employment elasticities of economic growth in the past. Then, based on the assumptions about the future population (by age, sex and education) and labor force participation rates, the future labor supply(both quantity and quality) is projected and growth potential of the Korean economy is evaluated. The result shows that labor supply in Korea is relying gradually more on the qualitative rather than the quantitative aspect but since the increase in the former will not fully compensate the decrease in the latter, the potential growth rate of the Korean economy will be substantially reduced in the futrue.

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Modeling Korean Energy Consumption Behavior Using a Concavity Imposed Translog Cost Function (정규성 개선에 중점을 둔 제조업 에너지 수요구조 모형 연구 : 오목성 조건을 만족하는 Translog 비용함수 모형)

  • Kim, Jihyo;Heo, Eunnyeong
    • Environmental and Resource Economics Review
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    • v.19 no.3
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    • pp.633-658
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    • 2010
  • In this paper, we estimate the Translog cost function in Korean manufacturing, using capital (K), labor (L), material (M), electricity (E), fuel (F) data over the period from 1970 to 2005. Especially, this paper investigates the impact of imposing concavity in the estimation of a Translog cost function. Although the value of log-likelihood is somewhat reduced in a concavity imposed function rather than a function which is not, a concavity imposed function satisfies regularity conditions (monotonicity, positivity, concavity) at all data points. We also calculate price elasticities using a concavity imposed Translog cost function. Electricity complements capital so electricity demand increases as capital demand increases. Meanwhile, electricity substitutes labor, fuel, and material. These results show that Korean manufacturing experienced a structural change of increase in electricity demand.

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