• Analyses & Alternatives
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• v.7 no.3
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• pp.181-230
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• 2023

Evaluating the empirical validity of Modern Monetary Theory, this study implements panel cointegration analysis on annual panel data (2000-2022) of OECD countries. Specifically, the sample countries are divided into groups based on the presence of their own sovereign currencies, and for each group, the long-run equilibrium relation (cointegration) between the ratio of public debt or fiscal deficit and government bond rates is tested and estimated. Main findings are as follows: applying the pooled mean-group estimation for panel cointegration, it is found that both the ratios of public debt and fiscal deficit have significantly positive long-run correlation with government bond rates in countries without sovereign currency such as the Euro-zone or fixed exchange rate regime countries. However, in countries with sovereign currency such as non-Euro-zone or floating exchange rate regime countries, the long-run correlation is either negative or not statistically significant. Particularly, in countries without sovereign currency, the ratio of public debt has significantly positive correlation with the real government bond rates in the short run as well as the long run. These results are consistent with the prediction of Modern Monetary Theory, thus providing a supporting evidence for the empirical validity of the theory.

• Journal of the Korea Society of Computer and Information
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• v.28 no.12
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• pp.239-248
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• 2023

The purpose of this study is to analyze the factors for service contracts that affect the successful bid price rate, focusing on the case of the country market. In the study, ordering organizations and bidders differentiated themselves from existing studies by analyzing service contracts that affect the successful bid price rate in a wide range of country markets. Comparative analysis of the awarding price ratio for services, this work provides a comparable result to the existing results in the previous literature. The analytical model used five independent variables such as budget, contract method, the days of the public notice, the awarding method, and the lowest awarding ratio. In the survey and analysis, big data was collected using text mining for service bids for Nara Market over the past 18 years and data was analyzed in a multi-dimensional way. The results of the analysis are as follows, (1) if budget does not determine the awarding price ratio. This is not the case in small amounts. (2) The contract method affects the awarding price ratio. (3) The days of the public notice increase, the awarding price ratio decrease. (4) the awarding method affects the awarding price ratio. (5) The lowest awarding ratio determines the awarding price ratio. Based on the results of empirical analysis, policy implications were sought.

• Journal of the korean Society of Automotive Engineers
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• v.13 no.2
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• pp.67-87
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• 1991

The computer program which predicts the gas exchange process of multi-cylinder 4-Stroke cycle spark-ignition engine, can be great assistance for the design and development of new engine. In this study, the computer program was developed to predict the gas exchange process of multi-cylinder four stroke cycle spark ignition engine including intake and exhaust systems. When gas exchange process is to be calculated, the evaluation of the variation of the thermo-dynamic properties with time and position in the intake and exhaust systems is required. For the purpose, the application of the generalized method of characteristics to the gas exchange process is known as one of the method. The simulation model developed was investigated to the analysis of the branch system of multi-cylinder. The models used were the 2-zone expansion model and single zone model for in cylinder calculation and the generalized method of characteristic including area change, friction, heat transfer and entropy gradients for pipe flow calculation. The empirical constants reduced to least number as possible were determined through the comparison with the experimented indicator diagram of one particular operation condition and these constants were applied to other operating condition. The predicted pressures in cylinder were compared with the experimental results over the wide range of equivalence ratio and ignition timing. The predicted values have shown good agreement with the experimental results. The thermodynamic properties in the intake and exhaust system were predicted over the wide range of equivalence ratio and ignition timing. The obtained results can be summarized as follows. 1. Pressures in the exhaust manifold have a little influence on the equivalence ratio, a great influence on the ignition timing. 2. Pressures in the inlet manifold are nearly unchanged by the equivalence ratio and the ignition timing. 3. In this study, the behaviors of the exhaust temperature, gas in the exhaust manifold were ascertained.

• Radiation Oncology Journal
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• v.9 no.1
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• pp.143-152
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• 1991

The work suggested in this paper addresses a method for collecting beam data for small circular fields. Beam data were obtained from philips 6 and 8 MV LINAC at Dept. Radiation Therapy at Gainesville Incorporated and Shands Teaching Hospital. Specific quantities measured include tissue maximum ratio (TMR), off-axis ratio (OAR) and relative output factor (ROF) In small field irradiation, special collimators were used to produce circular fields of 1 cm to 3 cm diameter in 2 mm steps, measured at SAO (soura axis distance) of 100 cm. Diode detector was chosen for primary beam measurement and compared with measurements made with photographic film and TLD dosimeters. The measured TMRs and OARs were formulated from limited measurements to generate basic beam data for reference set-up. The empirical formula were later, extended and generalized for any possible set-up using the trends of fitting parameters. The measured TMRs and OARs were well represented by the fitting formula developed.

• Journal of the Korea Institute of Building Construction
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• v.15 no.1
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• pp.35-42
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• 2015

Although the interest for earth architecture has been expanded and settled as a part of modern architecture, precisely calculating the ratio of water content in practice is still difficult and the calculation is based on empirical analysis yet. This causes many problems in durability and maintenance of earthen architecture. Therefore, this study investigated to find the easiest way to correctly calculate the appropriate level of water content ratio (AWCR), which can be used in practice. Until now, the workers have checked the AWCR based on their own experience with popular but vague manuals. On this awareness, we studied the several testing methods and found the dropping test which uses the pattern of shape after the sample is dropped. In this point, we studied and developed the definite testing method in terms of process, and shape discrimination. Also we suggest the test recording sheet by using the cobalt chloride($CoCl_2$) whose color is instantly changed when contacts with the moisture. It is believed that this result can help improving the quality and durability of the earthen architecture using the rammed earth method and the efficiency in practice.

• Korean Journal of Construction Engineering and Management
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• v.14 no.1
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• pp.43-51
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• 2013

The changes in business structure of domestic construction companies suggest that there is a close relationship between the volume of overseas project and a company's financial condition. Based on this assumption, this study conducts an empirical analysis on a relationship between overseas project and financial stability of a construction company. The ratio of liquidity and liability was used as liquidity index and stability index respectively. The analysis was based on quarterly time-series data between 2000 and 2010. Two models were constructed for the analysis: Model 1 was based on the liquidity ratio and the amount of domestic and overseas construction project; Model 2 was based on the debt ratio and the amount of domestic and overseas construction project. The analysis results showed that the increasing amount of overseas project facilitated short-term financing with greater liquidity, and yet it was not very effective in lowering the debt ratio. This suggests that the dramatic increase in overseas construction project, which is observed recently, is not entirely an optimistic sign.

• Journal of the Korean Chemical Society
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• v.7 no.4
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• pp.283-287
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• 1963

The distribution ratio of hydrogen cupferrate in $H_2O-CHCl_3$ system was considered as a function of pH ($HClO_4$), ionic strength ($NaClO_4$), and cupferron concentration in perchloric acid media, respectively. The values were independent upon pH (1.50∼3.00 range) and ionic strength (0.1∼2.00 range), but they increased as increasing the cupferron concentration in the acidic media. At the infinite dilution, the thermodynamic distribution ratio between chloroform and aqueous phase was 120. 0. The activity coefficients of hydrogen cupferrate in chloroform solution were determined by the distribution ratio. This activity coefficient may be calculated by using the empirical equation, $-log\;f_{CHCl3}=0.1285C_{CHCl3}+{7.775C^2}_{CHCl3}$ which represents the experimental data quite well for the solution in 0.1 mole/l order of hydrogen cupferrate concentration.

• Journal of KIISE
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• v.44 no.7
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• pp.733-741
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• 2017

LPWAN(Low Power Wide Area Network) technology is M2M (Machine to Machine) networking technology for the Internet of Things. The technology is designed to support low-power, long-distance and low-speed communications that are typical of LoRaWAN(Long Range Wide Area Network). To exchange inter-object information using a LoRaWAN, the link performances for various environments must be known. however, active performance analysis research that is based on an empirical environment is nonexistent. Therefore, this paper empirically evaluates the performance of the LoRa (Long Range) link, a physical communication technology of the LoRaWAN for various variables that may affect the link quality in indoor and outdoor environments. To achieve this, a physical performance monitoring system was designed and implemented. A communication experiment environment was subsequently constructed based on the indoor and outdoor conditions. The SNR(Signal to Noise Ratio), RSSI(Received Signal Strength Indication), and the PDR(Packet Delivery Ratio) were evaluated.

• The Korean Journal of Financial Management
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• v.22 no.1
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• pp.93-118
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• 2005

This paper examines credit spreads in Korea corporate market using one of structural models, the mean reverting leverage ratio model (Collin-Dufresne and Goldstein (2001)). Compared to the actual credit spreads, we show that the credit spreads induced by the model are overpredicted. We also investigate the systematic errors that cause the over-pre-diction of credit spreads using the t-test. We show that the systematic errors are affected by the current leverage ratio and asset volatility.

• Journal of the Korean Society of Propulsion Engineers
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• v.5 no.1
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• pp.34-41
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• 2001

A study has been conducted to observe the slot film cooling effect on a convergent nozzle wall. The slot film cooling is used to protect the nozzle wall from the hot combusted gas by the coolant injected from the slot around the inner wall of the nozzle. The film cooling effectiveness and the heat transfer to the nozzle wall are influenced significantly by the blowing ratio of the coolant to the main flow and those are also influenced by the shape of the slot and the flow acceleration in the nozzle. In the present study, the heat transfer for the various blowing ratios has been performed by the experimental method and the results are compared with the results computed by the empirical formula. The numerical method has been conducted to compare the film cooling effectiveness of the convergent nozzle with that of the cylinder. For the relatively low blowing ratio, the cooling effectiveness increases sharply as the blowing ratio increases, and the increasing rate slows down for the high blowing ratio.