• International Commerce and Information Review
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• v.11 no.2
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• pp.111-126
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• 2009

This study analysed determinants of Foreign Direct Investment to ASEAN+ 3 member nations using panel data for which cross-sectional data are combined with time series data. The data for the analysis included the amount of FDI, GDP, and indexes of economic independence. This study collected data from six nations(Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam) whose data were easily available, China and Japan from 2003 to 2007 and analysed them. The results are summarized as follows: Using the pooled OLS method, we found Model 2 had the highest explanatory power whose adjusted R-squared was 89.4%, which accounted for about 89% of foreign investment. Using the fixed effect model, Model 2 had the highest explanatory power whose adjusted R-squared was 96.8%, which accounted for about 97% of foreign investment. Using the probability effect model, Model 5 had the highest explanatory power, but in respect to its statistical significance, only GDP was 1% significant and the rest variables had no significance.

• The Journal of Fisheries Business Administration
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• v.47 no.2
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• pp.15-32
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• 2016

The Association of Southeast Asian Nations(ASEAN) has been the most essential organization in Asia. In spite of the world economic crisis, Southeast Asian countries have shown fast economic growth since 2000, and they have been actively expanding investments and trades especially with major countries. Research on competitiveness in ASEAN market has spawned an increasingly large literature, but empirical research on the determinants of Korea's export to ASEAN is limited. The purpose of this study is to draw out the determinant of Korean fisheries export to ASEAN by carrying out a panel analysis. For achieving such a purpose, pooled OLS, Hausman Test, Fixed Effect, Random Effect are performed. The last 20 years' data over the period of 1995 to 2014 concentrated on the ASEAN 6 countries such as Indonesia, Malaysia, Philippine, Singapore, Thailand, Vietnam is used in this study. Amount of aquatic products export to ASEAN is used as the dependent variable; real exchange rate, real GDP, relative price level and GDP per capita are used as the explanatory variables and FTA as dummy variable. Empirical results show that fixed-effect analysis is the best model among all the models. As the fixed effect model shows, real exchange rate, real GDP, GDP per capita and dummy variable(FTA) play positive and statistically significant roles in fisheries export to ASEAN, while price variable plays a negative and statistically significant role to the dependent variable.

• Korea Journal of Hospital Management
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• v.23 no.2
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• pp.42-53
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• 2018

Purpose: this study investigates the effect of private health insurance on healthcare utilization. Methodology: For the analysis, we employed the three level nested two part model. Findings: the private health insurance adoption was associated with higher health care utilization. In particular, indemnity and fixed insurances adoption was associated with higher probability of outpatient visit, the number of outpatient visit and outpatient cost. While indemnity insurance adoption was associated with higher inpatient admission probability and inpatient days, fixed insurance adoption was associated only with higher inpatient admission probability. Practical Implications: indemnity and fixed insurance adoption were related with the adverse selection as well as moral hazard.

• Journal of the Korean Data and Information Science Society
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• v.15 no.2
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• pp.379-386
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• 2004

This paper deals with a mixed logit model for vaccination data. The effect of a newly developed vaccine for a certain chicken disease can be evaluated by a noninfection rate after injecting chicken with the disease vaccine. But there are a lot of factors that might affect the noninfecton rate. Some of these are fixed and others are random. Random factors are sometimes coming from the sampling scheme for choosing experimental units. This paper suggests a mixed model when some fixed factors need to have different experimental sizes by an experimental design and illustrates how to estimate parameters in a suggested model.

• Journal of Labour Economics
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• v.34 no.3
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• pp.119-139
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• 2011

Using a establishment-worker matched data, this paper estimates wage differentials between standard and non-standard workers. Unlike previous studies, we estimate a fixed-effect model for the tree-way error-components that control for both unobserved individual heterogeneities and unobserved firm heterogeneities. The estimation results show that standard workers earn 6.5~8.4% mire than non-standard workers. This wage premium is 30~40% of the wage differential estimated from the OLS model. The results implies that a large proportion of the wage differentials between standard and non standard workers can be explained by unobserved firm and individual characteristics.

• 한국연소학회:학술대회논문집
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• 2004.06a
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• pp.158-164
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• 2004

In the present work, the numerical model was refined to predict the thermal analysis of energy storage in a fixed beds during charging mode. The governing energy equations of both fluid and the solid particles along with their initial and boundary conditions are derived using a two-phase, one dimensional model. The refined model is carried out by taking into account change of (air density , air specific heat) with air temperature and also by taking into considerations heat losses from bed to surrounding. Finite difference method was used to obtain solution of two governing energy equations of both fluid and solid particles through a computer program especially constructed for this purpose. The temperature field for the air and the solid are obtained, also energy stored inside the bed is computed. A comparison between refined model and non refined model is done. Finally using refined model the effect of bed material (Glass, Fine clay ,and aluminum ), and air flow rate per unit area Ga (0.3, 0.4, and 0.5 kg/$m^2$-s) on energy storage characteristics was studied.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.10
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• pp.219-228
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• 2021

The study examines the behavior of stock prices after large price changes. It further examines the effect of firm size on stock returns, and the presence of the disposition effect. The study employs the event study methodology using daily price data from Pakistan Stock Exchange (PSX) for the period January 2001 to July 2012. Furthermore, to examine the factors that explain stock price behavior after large price movements, the study employs a two-way fixed-effect model that allows for the analysis of unobservable company and time fixed effects that explain market reversals or continuation. The findings suggest that winners perform better than losers after experiencing large price shocks thus showing a momentum behavior. In addition, the winners remain the winner, while the losers continue to lose more. This suggests that most of the investors in PSX behave rationally. Further, the study finds no evidence of disposition effect in PSX. The investors underreact to new information and the prices continue to move in the direction of initial change. The pooled regression estimates show that firm size is positively related to post-event abnormal returns while the fixed-effect model reveals the presence of unobservable firm-specific and time-specific effects that account for price continuation.

• Journal of Energy Engineering
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• v.26 no.2
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• pp.80-92
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• 2017

This paper attempts to estimate the diesel fuel demand function in Korea using panel data panel data of 16 major cities or provinces which consist of diesel demands, diesel market prices and gross value added from the year 1998 to 2015. I apply panel GLS(generalized least square) model, fixed effect model, random effect model and dynamic panel model to estimating the parameters of the diesel fuel demand function. The results show that short-run price elasticities of the diesel fuel demand are estimated to be -0.2146(panel GLS), -0.2886(fixed effect), -0.2854(random effect), -0.1905(dynamic panel) respectively. And short-run income elasticities of the diesel fuel demand are estimated to be 0.7379(panel GLS), 0.4119(fixed effect), 0.7260(random effect), 0.4166(dynamic panel) respectively. The short-run price and income elasticities explain that demand for diesel fuel is price- and income-inelastic. The long-run price and income elasticities are estimated to be -0.4784, 1.0461 by dynamic panel model, which means that demand for diesel fuel is price-inelastic but income-elastic in the long run. In addition I apply dummy variable model to estimate the effect of 16 major cities or provinces on diesel demands. The results show that diesel demands is affected 10 regions on the basis of Seoul.

• Journal of Korean Port Research
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• v.7 no.1
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• pp.79-88
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• 1993

This study deals with the case of a fixed floating structure(FFS) at the mouth of a rectangular harbor under the action of waves represented by the linear wave theory. Modified forms of the mild-slope equation is applied to the propagation of regular wave over constant water depth. The model is extended to include bottom friction and boundary absorption. A hybrid element approximation is used for calculation of linear wave oscillation in and near coastal harbor. Modification of the model was necessary for the FFS. For the conditions tested, the results of laboratory experiments by Ippen and Goda(1963), and Lee (1969) are compared with the calculated one from this model. The cases of flat cylinderical structures, both fixed and floating, were taken to be in an intermediate water depth.

• 한국연소학회:학술대회논문집
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• 2004.11a
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• pp.17-23
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• 2004

In the present work, the numerical model was refined to predict the thermal analysis of energy storage in a fixed beds during (charging ,storing, discharging) mode. The governing energy equations of both fluid and the solid particles along with their initial and boundary conditions are derived using a two-phase, one dimensional model. The refined model is carried out by taking into account change of (air density , air specific heat) with air temperature and also by taking into considerations heat losses from bed to surrounding. Finite difference method was used to obtain solution of two governing energy equations of both fluid and solid particles through a computer program especially constructed for this purpose. The temperature field for the air and the solid are obtained, also efficiency of energy stored inside the bed is computed. Finally using refined model the effect of air flow rate per unit area Ga (0.2, 0.3, and 0.4 kg/$m^2$-s), and inlet air temperature (200, 250, 300 $^{\circ}C$) on energy storage characteristics was studied in three mode ( charging ,storing, discharging). The rock particles of diameter 1 em is used as bed material in this research.