• International Journal of Advanced Culture Technology
• /
• v.12 no.2
• /
• pp.51-61
• /
• 2024

This study analyzes and compares the roles and significance of large firms in economic growth by differentiating developmental stages. The focus is on both the role of big businesses on the road from middle- to high-income countries and the performance in their economies. By classifying the top 30 nonfinancial firms into their origin countries, we have constructed a country-level data basis covering 33 countries ranging from middle- to high-income economies for the 2001 to 2017 period. We conduct fixed effect estimation. Empirical results show that capital-intensive big businesses would be more predominant in developed economies. In terms of policy implications, the results suggest that if policymakers want to optimize the role of big businesses in economic growth, policymakers need to distinguish the income level. Policymakers also need to adjust the size distribution of firms moderately ahead of time to create the size distribution of firms needed to take the economy to the next level.

• The Journal of Korean Institute of Electromagnetic Engineering and Science
• /
• v.22 no.3
• /
• pp.282-291
• /
• 2011

Adaptive modulation(AM) is an important technique to increase the system efficiency, in which transmitter selects the most suitable modulation mode adaptively according to channel state in the temporary and spatially varying communication environment. Fixed modulation on channels with varying signal-to-noise ratio(SNR) is that the bit-errorrate(BER) probability performance is changing with the channel quality. An adaptive modulation scheme can be designed to have a BER which is constant for all channel SNRs. The correct as well as fast and simple SNR estimation is required essentially for this adaptive modulation. In order to operate adaptive modulation system effectively, in this paper, we analyze the effect of SNR estimation performance to it through the average BER and data throughput. Applying SNR estimation based on auto-correlation of decision feedback signal and others to adaptive modulation system, we also confirm performance degradation or improvement of its which is decided by SNR estimation error at each transition point of modulation level. Since SNR estimation based on auto-correlation of decision feedback signal shows stable estimation performance for various quadrature amplitude modulation(QAM) comparatively, this can be reduced degradation than others at each transition point of modulation level.

• Smart Structures and Systems
• /
• v.15 no.2
• /
• pp.335-353
• /
• 2015

Previous long-term measurements of the Uldolmok tidal current power plant showed that the structure's natural frequencies fluctuate with a constant cycle-i.e., twice a day with changes in tidal height and tidal current velocity. This study aims to improve structural health monitoring (SHM) techniques for offshore structures under a harsh tidal environment like the Uldolmok Strait. In this study, lab-scale experiments on a simplified offshore structure as a lab-scale test structure were conducted in a circulating water channel to thoroughly investigate the causes of fluctuation of the natural frequencies and to validate the displacement estimation method using multimetric data fusion. To this end, the numerical study was additionally carried out on the simplified offshore structure with damage scenarios, and the corresponding change in the natural frequency was analyzed to support the experimental results. In conclusion, (1) the damage that occurred at the foundation resulted in a more significant change in natural frequencies compared with the effect of added mass; moreover, the structural system became nonlinear when the damage was severe; (2) the proposed damage index was able to indicate an approximate level of damage and the nonlinearity of the lab-scale test structure; (3) displacement estimation using data fusion was valid compared with the reference displacement using the vision-based method.

• Transactions of the Korean Society for Noise and Vibration Engineering
• /
• v.15 no.3 s.96
• /
• pp.320-328
• /
• 2005

Last target of architectural acoustics is that people wish to convey voice effectively from the space adaptively in use purpose in building. But, how exactly through space sound (sound source) that wish to deliver from indoor can be passed method to do quantification and evaluate quantity of sound by method to serve indoor architectural acoustics estimation summer period and methods to estimate definition propose. This Study searches special quality of sound source about MLS signal that is occurred short-answer sound source (pistol sound source) and nondirectional speaker among indoor sound estimation method, and measure and analyzed reverberation time (RT60), definition (C80, D50) by regulation of each ISO 3382 in age place (classroom, hall, gymnasium). Analysis result and sound factor among could know that d of two sound sources converges in measurement error extent about reverberation time (RT60) of analysis incidental and sound factors and value shows change irregularly about sound factor of D50, C80, pistol sound source judged there is problem. Also, could know that problem is happened in deflection except reverberation time is in deflection analysis with wave that measure each in fixed distance in branch. Finally, when differ size of sound source and measure about change of sound pressure level in case measure sound pressure level giving difference about 10 dB, sound factor could know that there is no different effect.

• Journal of Korean Society of Transportation
• /
• v.29 no.4
• /
• pp.95-101
• /
• 2011

This study proposes the accident estimation model developed based on the time-series cross-sectional data at 50 intersections in Cheongju. The data were collected repeatedly and accumulated from 2004 to 2007. This study focused on deriving the optimal among the various models including TSCSREG(Time Series Cross Section Regression). Four different models utilizing various elements affecting accidents were developed. Through a statistical test, it was found that the t values of independent variables of the fixed effect models were less than those of the random effect models. Two variables were then found to be positive to the accidents: the number of crosswalks at an intersection and the number of intersections.

• International Journal of Highway Engineering
• /
• v.16 no.5
• /
• pp.133-142
• /
• 2014

PURPOSES : The objective was to develop the advanced method which could not explain each observation's specific characteristic in the present negative binomial method that results in under-estimation of the standard error(t-value inflation) and affects the confidence of whole derived results. METHODS : This study dealt with traffic accidents occurring within interchange segment on highway main line with RPNB(Random Parameter Negative Binomial) method that enables to take account of heterogeneity. RESULTS : As a result, AADT and lighting installation type on the road were revealed to have random parameter and in terms of other geometric variables, all were derived as fixed parameter(same effect on every segment). Also, marginal effects were adapted to analyze the relative effects on traffic accidents. CONCLUSIONS : This study proves that RPNB method which considers each observation's specific characteristics is better fitted to the accident data with geometrics. Thus, it is recommended that RPNB model or other methods which could consider the heterogeneity needs to be adapted in accident analysis.

• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.9
• /
• pp.19-30
• /
• 2020

This paper investigates, in a single equation framework, the effect of bank-specific and macroeconomic determinants on micro-, small- and medium-sized loans by commercial banks in Indonesia. This study uses a sample of 790 observations from 79 commercial banks in Indonesia over the years 2006-2015. This study uses two estimation methods for our panel regressions: static and dynamic generalized method of moments (GMM) panel estimator. In static relationships, the literature usually uses the least square methods on fixed effects (FE) or random effects (RE). I found evidence that all banks, bank profitability and size are positively and significantly related to micro-, small- and medium-sized loans, while the coefficients of liquidity are significantly positive in all specifications, except government banks which is significantly negative. The relationship between risk and credit growth is negative for non-government banks. All estimated equations show that the effect of the capital variable on lending banks to MSMEs is not important in government banks and non-government banks. Finally, macroeconomic variables, such as inflation and gross domestic product, clearly affect the lending of the banking sector particularly non-state banks. The findings have several policy implications to Indonesia government, regulatory authority and bank managers in order to improve bank profitability through bank lending.

• The Journal of Industrial Distribution & Business
• /
• v.10 no.1
• /
• pp.69-76
• /
• 2019

Purpose - The purpose of this paper is to empirically investigate the effectiveness of Offcial Development Assistance (ODA) in recipient countries' economy. ODA is designed to mitigate poverty and stimulate economic growth in the developing countries. We classify total ODA into bilateral ODA and multilateral ODA depending on the number of donor countries. If the ODA flows from one donor country to one recipient country, it is classified as bilateral ODA. If the multiple countries simultaneously become donor countries through the international organizations such as United Nations and World Bank, it is classified as multilateral ODA. This paper compares the effect of bilateral ODA and multilateral ODA in determining recipient countries' economic development, and tries to provide policy implications to Korean ODA. Research design, data, and methodology - Our primary explanatory variables are bilateral and multilateral ODA. Private credit in recipient countries is adopted as additional explanatory variables to capture the level of financial development in recipient countries. We measure the ODA effectiveness using economic growth and quality of life of the recipient countries as the dependent variable. We collect 142 recipient countries' data from OECD statistics, during the period from 1970-2014. Panel least squares estimation with country fixed effect is employed as the empirical model. Results - Our results support that ODA variable has a negatively significant impact on recipient countries' economic growth, while it is positively correlated with human development index. Recipient countries' private credit is positively correlated with economic growth and human development index. The interaction variable of ODA and financial development turns out to be significant in general. We find that the positive effect of ODA depends on recipient countries' financial market development and this effect is stronger in multilateral aid than bilateral one. Conclusions - From the analysis, we have confirmed that the recipient countries financial development is the necessity condition to achieve positive effect of ODA. Based on these results, we suggest that Korean government should increase the share of multilateral funding and pay attention to recipient countries' financial market development to maximize the effectiveness of ODA.

• Asian-Australasian Journal of Animal Sciences
• /
• v.32 no.3
• /
• pp.334-340
• /
• 2019

Objective: The objective of this study was to investigate the genetic components of daily milk yield and to re-rank bulls in South Korea by estimated breeding value (EBV) under heat stress using the temperature-humidity index (THI). Methods: This study was conducted using 125,312 monthly test-day records, collected from January 2000 to February 2017 for 19,889 Holstein cows from 647 farms in South Korea. Milk production data were collected from two agencies, the Dairy Cattle Genetic Improvement Center and the Korea Animal Improvement Association, and meteorological data were obtained from 41 regional weather stations using the Automated Surface Observing System (ASOS) installed throughout South Korea. A random regression model using the THI was applied to estimate genetic parameters of heat tolerance based on the test-day records. The model included herd-year-season, calving age, and days-in-milk as fixed effects, as well as heat tolerance as an additive genetic effect, permanent environmental effect, and direct additive and permanent environmental effect. Results: Below the THI threshold (${\leq}72$; no heat stress), the variance in heat tolerance was zero. However, the heat tolerance variance began to increase as THI exceeded the threshold. The covariance between the genetic additive effect and the heat tolerance effect was -0.33. Heritability estimates of milk yield ranged from 0.111 to 0.176 (average: 0.128). Heritability decreased slightly as THI increased, and began to increase at a THI of 79. The predicted bull EBV ranking varied with THI. Conclusion: We conclude that genetic evaluation using the THI function could be useful for selecting bulls for heat tolerance in South Korea.

• Journal of the Korean Data Analysis Society
• /
• v.20 no.6
• /
• pp.2981-2991
• /
• 2018

The purpose of this paper is to examine the effect of local festivals on regional economic growth through empirical analysis of festival - economic growth relation. Theoretically, the theory of creative city is at the center of the discussion as to how festivals can influence economic growth. We used the regional convergence equation and used pooled OLS, fixed effect model, and GMM estimation method to analyze the effect of festivals on regional economic growth. According to this empirical analysis, the effect of festival variables such as the number of festivals and the festival period on economic growth has not been affected. This suggests that the effects of festivals on productivity and efficiency have not existed. This implies that the creative city theory that local festivals influence regional economic growth does not work well.