• Title/Summary/Keyword: external economy

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Impact of Debts on Economic Growth of Bangladesh: An Application of ARDL Model

  • Hossain, Muhammad Amir;Shirin, Shabnam
    • Asia-Pacific Journal of Business
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    • v.7 no.1
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    • pp.1-10
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    • 2016
  • This study attempts to investigate the effects of different types of debts on economic growth in Bangladesh using time series data spanning from 2000 to 2015. In this study, the RDL model has been applied to determine the long run relationship among the selected variables. The result of the ARDL model shows that there exists a long term relationship between economic growth and the debt variables. It was evident from the findings that there exists bidirectional causality between public sector external debt and economic growth. Causality between private external debt and economic growth has been found to be insignificant. However, causality between domestic debt and economic growth showed a unidirectional causality from domestic debt to economic growth and not vice versa. Causality tests suggest that impact of domestic debt on economic growth is more effective compared to external debts.

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Behaviour of continuous prestressed concrete beams with external tendons

  • Chan, K.H. Enoch;Au, Francis T.K.
    • Structural Engineering and Mechanics
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    • v.55 no.6
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    • pp.1099-1120
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    • 2015
  • External prestressing has been applied to both new construction and retrofitting of existing reinforced and prestressed concrete structures. Continuous beams are preferred to simply supported beams because of economy, fewer movement joints and possible benefits from moment redistribution. However, this paper argues that continuous prestressed concrete beams with external unbonded tendons demonstrate different full-range behaviour compared to reinforced concrete (RC) beams. Applying the same design approach for RC to external prestressing may lead to design with a lower safety margin. To better understand the behaviour of continuous prestressed concrete beams with unbonded tendons, an experimental investigation is performed in which nine such specimens are tested to failure. The full-range behaviour is investigated with reference to moment-curvature relationship and moment redistribution. The amounts of moment redistribution measured in the experiments are compared with those allowed by BS 8110, EC2 and ACI 318. Design equations are also proposed to estimate the curvature ductility index of unbonded prestressed concrete beams.

Corporate Cash Shortfalls and External Financing: Evidence from Korea (현금부족이 외부자본 조달 결정에 미치는 영향)

  • So-Yeon Kim;Meiyan Jin;Saeyeul Park
    • Asia-Pacific Journal of Business
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    • v.14 no.1
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    • pp.215-229
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    • 2023
  • Purpose - Based on the funding-horizon theory, this study aims to test the effects of cash needs and the persistence of external funding needs on firms' external financing. Design/methodology/approach - Financial data of Korean listed companies were collected from DataGuide. Immediate and near-term cash shortfalls are defined using the methodology of Haung and Ritter (2021). We estimate multinomial logit regressions for the financing choice. Findings - First, all three cash depletion variables used in our study increase the likelihood of external financing. Second, firms prefer to issue debt to meet immediate spending and equity to meet long-lived cash needs. Third, this effect is more pronounced for high R&D firms. Fourth, chaebol firms with internal capital markets defer raising external capital for immediate and near-term cash needs. Research implications or Originality - This paper provide empirical evidence that immediate and near-term cash needs induce external financing, and the persistence of cash needs affects the choice between debt and equity, the finding which is consistent with the funding-horizon theory of financing decisions. Being the first paper to test the funding-horizon theory using Korean data, this paper contributes to the literature on the capital structure of Korean firms.

Development of Fuel Economy Measurement Technology for Fuel Cell Electric Vehicle (수소연료전지차 연비 평가기술 개발)

  • Jung, Young-Woo;Park, Jeong-Kyu;Ye, Chang-Hwan;Park, Jong-Jin;Oh, Hyung-Seuk
    • 한국신재생에너지학회:학술대회논문집
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    • 2007.11a
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    • pp.152-155
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    • 2007
  • Fuel cell electric vehicles (FCEVs) using hydrogen gas are zero emission vehicles, thus emission measurement for combustion vehicles is not applicable. The hydrogen gas consumption for fuel economy will be measured by the stabilized pressure/temperature method, mass flow method and electrical current method, etc. In this research, weight method with a newly manufactured test equipment is applied to measure the hydrogen consumption because above 3-methods have a deviation. The hydrogen consumption is directly calculated by the weight differences of the external hydrogen tank before and after the chassis dynamometer test. Ultimately the fuel economy for FCEVs is obtained with a deviation less than 1% in all chassis dynamometer tests.

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Riding a Bike Not Owned by Me in Bad Air: Big Data Analysis on Bike Sharing

  • Taekyung Kim
    • Asia pacific journal of information systems
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    • v.29 no.3
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    • pp.414-427
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    • 2019
  • The sharing economy has significantly changed the way of living for years. The emergence and expansion of sharing economy empowered by the mobile information technologies and intellectual algorithms reconfigure how people use transportation means. In this paper, the bike sharing phenomenon is highlighted. Combining a big data set provided by the Seoul government about user logs and air quality data set, the empirical findings reveal that temperature change is tightly associated bike sharing activities. Also, the concentration of particulate matter is weakly related to bike sharing, but the trend should be carefully examined. By considering external environmental factors to bike sharing businesses, this work is differentiated. To further understand empirical data, data mining methods and econometric approaches were adopted.

A Study of the Method for External Noise Shielding using the GIS UHF Sensor Module Applied to the Partial Discharge Signal Sensitivity and Method of Frequency Transforming in the Internal GIS (GIS내부의 부분방전신호 감도개선 및 주파수변환기법에 의한 GIS UHF Sensor 모듈의 외부노이즈차폐기법에 관한 연구)

  • Lee, Seung-Min
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.59 no.4
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    • pp.728-732
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    • 2010
  • GIS(Gas insulated switching gear) is power equipment with excellent dielectric strength and is economy merit in high confidence and stability. Recently, because equipment of GIS was occurring problem of confidence used for a long time, partial discharge on-line diagnosis systems have been importantly recognized. Partial discharge (PD) detection is an effective means for monitoring and evaluation of dielectric condition of gas insulated system (GIS). The ultra-high-frequency (UHF) PD detection technique can detect and locate the PD sources inside GIS by detecting electromagnetic wave emitted from PD source. Therefore, real-time diagnostic system using UHF detection method has been developed for this application is being expanded gradually. However, the signal of partial discharge occurring in SF6 gas is very weak and susceptible to external noises which mainly consist of PD in air. Thus, it is important to distinguish the PD in SF6 gas more sensitively from the external noises. Unfortunately, these external noise signals and the partial discharge signals have very similar characteristics. Therefore, to solve this problem, we need the signal processing method for distinguish partial discharge signals with external noise signals for improvement of SNR(signal to noise ratio) and sensitivity. In this paper, we proposed internal signal processing method for removing external noise signals with built-in pre.amplifier and frequency conversion circuit.

The System for Ensuring the Financial and Economic Security of the State in an Aggressive External Environment

  • Kryshtanovych, Myroslav;Vartsaba, Vira;Kurnosenko, Larysa;Munko, Anna;Chepets, Olha
    • International Journal of Computer Science & Network Security
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    • v.22 no.11
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    • pp.51-56
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    • 2022
  • The main purpose of the study is to analyze the features of ensuring the financial and economic security of the state in an aggressive external environment. The concept of financial and economic security should contain the priority goals and objectives of ensuring security, ways and methods to achieve them, adequately reflecting the role of finance in the socioeconomic development of the state. Its content is designed to coordinate nationwide actions in the field of security at the level of individual citizens, business entities, industries, sectors of the economy, as well as at the regional, national and international levels. The methodology includes a number of scientific and theoretical methods of analysis. Based on the results of the study, the key aspects of the system for ensuring the financial and economic security of the state in an aggressive external environment were identified.

A Study on the Effects of Domestic and Foreign Economic Change to Incheon Economy and Incheon International Airport (국내외 경제변화가 인천경제 및 인천국제공항에 미치는 영향분석)

  • Jung, JinWon;Yoon, HyunWi
    • Journal of the Korean Geographical Society
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    • v.50 no.5
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    • pp.543-556
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    • 2015
  • This study made an attempt at the empirical analysis of the influence of domestic, foreign economic changes on economy in Incheon & Incheon International Airport. For this purpose, this study, setting up the member countries of the Organization for Economic Cooperation and Development(OECD), Incheon Metropolitan City, and Incheon International Airport as research objects, conducted multi-regression analysis and path analysis of 11-year economic changes after the opening of the Incheon International Airport in 2001. As a research result, it was found that internal, external economic changes didn't show a positive influence on economy in Incheon, and growth & revitalization of the Incheon International Airport while international economic factors showed a directly positive influence on economy in Incheon, but the total effect directly related to Korean economy showed a negative influence. Accordingly, economy in Incheon has to actively cope with home, foreign macroeconomic change factors, and further, the endogenous growth strategy is required; as the methodolog.

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The Design and Implementation of Gamification for Online Mentoring : Focusing on the Case of 'Idea Community' in Creative Economy Town (온라인 멘토링을 위한 게이미피케이션의 설계와 구현 : 창조경제타운의 '아이디어 커뮤니티' 사례를 중심으로)

  • Chung, Do-Bum;Jang, Hye-Jeong;Lee, Kyuhong
    • Journal of Korea Game Society
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    • v.18 no.1
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    • pp.39-50
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    • 2018
  • Today, gamification that appeal to people and provide fun by applying game thinking and elements in many non-game fields is becoming a big issue. This study analyzed the case of 'Idea Community' in Creative Economy Town that combines online mentoring and gamification. In order to foster and select ideas, we conducted the open simulated investment and mentoring. In this process, members are able to acquire experience points and raise the level when doing certain activities. Besides, members felt their sense of accomplishment by receiving internal/external rewards for their activities. The results will be an importance reference for the application of gamification in various fields.

The Influence of Organizational External Factors on Construction Risk Management among Nigerian Construction Companies

  • Adeleke, A.Q.;Bahaudin, A.Y.;Kamaruddeen, A.M.;Bamgbade, J.A.;Salimon, Maruf Gbadebo;Khan, Muhammad Waris Ali;Sorooshian, Shahryar
    • Safety and Health at Work
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    • v.9 no.1
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    • pp.115-124
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    • 2018
  • Background: Substantial empirical research has shown conflicting results regarding the influence of organizational external factors on construction risk management, suggesting the necessity to introduce a moderator into the study. The present research confirmed whether rules and regulations matter on the relationships between organizational external factors and construction risk management. Methods: Based on discouragement and organizational control theory, this research examined the effects of organizational external factors and rules and regulations on construction risk management among 238 employees operating in construction companies in Abuja and Lagos, Nigeria. A personally administered questionnaire was used to acquire the data. The data were analyzed using partial least squares structural equation modeling. Results: A significant positive relationship between organizational external factors and construction risk management was asserted. This study also found a significant positive relationship between rules and regulations and construction risk management. As anticipated, rules and regulations were found to moderate the relationship between organizational external factors and construction risk management, with a significant positive result. Similarly, a significant interaction effect was also found between rules and regulations and organizational external factors. Implications of the research from a Nigerian point of view have also been discussed. Conclusion: Political, economy, and technology factors helped the construction companies to reduce the chance of risk occurrence during the construction activities. Rules and regulations also helped to lessen the rate of accidents involving construction workers as well as the duration of the projects. Similarly, the influence of the organizational external factors with rules and regulations on construction risk management has proven that most of the construction companies that implement the aforementioned factors have the chance to deliver their projects within the stipulated time, cost, and qualities, which can be used as a yardstick to measure a good project.