• Safety and Health at Work
• /
• v.2 no.2
• /
• pp.148-157
• /
• 2011

Objectives: Although compensation for occupational injuries and diseases is guaranteed in almost all nations, countries vary greatly with respect to how they organize workers' compensation systems. In this paper, we focus on three aspects of workers' compensation insurance in Organization for Economic Cooperation and Development (OECD) countries - types of systems, employers' funding mechanisms, and coverage for injured workers - and their impacts on the actual frequencies of occupational injuries and diseases. Methods: We estimated a panel data fixed effect model with cross-country OECD and International Labor Organization data. We controlled for country fixed effects, relevant aggregate variables, and dummy variables representing the occupational accidents data source. Results: First, the use of a private insurance system is found to lower the occupational accidents. Second, the use of risk-based pricing for the payment of employer raises the occupational injuries and diseases. Finally, the wider the coverage of injured workers is, the less frequent the workplace accidents are. Conclusion: Private insurance system, fixed flat rate employers' funding mechanism, and higher coverage of compensation scheme are significantly and positively correlated with lower level of occupational accidents compared with the public insurance system, risk-based funding system, and lower coverage of compensation scheme.

• KDI Journal of Economic Policy
• /
• v.28 no.1
• /
• pp.117-144
• /
• 2006

This study is to analyze the existence of the real buffer effect that reflects the effect of beginning-of-period inventory stocks effect on the demand for fixed investment, and the financial buffer effect indicates the substitution effect between end-of-period inventory stock and the source of financing for fixed investment. I use panel data of 361 Korean listed non-financial firms during 1990-2003. After the crisis, it also observed whether the relationship between inventory stocks and fixed investment has altered or not. I review the theoretical connection between inventory stock and fixed investment through the paper by Bo(2004) and estimate the investment model by the method of GMM-SYS. The results show negative relation between end-of-period inventory stock and fixed investment in the whole period and each period classified, also it confirms that the relation between fixed investment and end-of-period investment is significantly negative. It can be interpreted through two aspects that firms not only use inventory stock as a buffer in response to unexpectedly high demand, but also utilize inventory stock as a source of financing for fixed investment. The results imply that firm's decision-making is much correlated with production-and-inventory stock adjustment, decision-making about fixed investment, and decision-making about financial affairs.

• International Journal of Naval Architecture and Ocean Engineering
• /
• v.5 no.2
• /
• pp.313-323
• /
• 2013

Offshore floating structures have so-called moonpool in the centre area for the purpose of drilling, installation of subsea structures, recovery of Remotely-Operated Vehicle (ROV) and divers. However, this vertical opening has an effect on the operating performance of floating offshore structure in the vicinity of moonpool resonance frequency; piston mode and sloshing mode. Experimental study based on model test was carried out. Moonpool resonance of floating offshore structure on fixed condition and motion free condition were investigated. And, the effect of cofferdam which is representative inner structure inside moonpool was examined. Model test results showed that Molin's theoretical formula can predict moonpool resonance on fixed condition quite accurately. However, motion free condition has higher resonance frequency when it is compared with that of motion fixed. The installation of cofferdam moves resonance frequency to higher region and also generates secondary resonance at lower frequency. Furthermore, it was found that cofferdam was the cause of generating waves in the longitudinal direction when the vessel was in beam sea.

• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.3
• /
• pp.23-31
• /
• 2022

The study investigates the effect of trade openness on the economic growth of agricultural countries. The information of export, import, gross domestic product (GDP), Gross Fixed Capital Formation (GFCF), and population of 72 agrarian nations generated by the World Bank from 2011 until 2020 is used for data examination. Then, before panel data analysis, a preferred model is chosen from among common-effects, fixed-effects, and random effects. The best model turns out to be a fixed-effect model. The result reports that from 2011 to 2020; 16 out of 72 nations have succeeded in experiencing positive economic growth, the value of GFCF was US$ 2,859.04 billion, and later grew by 19 percent to US$ 3,393.73 billion, the population tends to increase continuously year by year, and 2 out of 72 countries experienced export plus import exceed their GDP. Moreover, trade openness is positively associated with economic growth, with a coefficient of 3.81. Besides that, an increase in GFCF may boost economic growth by approximately 3.32 percent. On the contrary, one percent additional population significantly delivers around 25.46 percent negative economic growth. To sum up, the higher intensity of products or services sold and bought abroad may enhance the economic performance.

• The Korean Journal of Health Service Management
• /
• v.11 no.3
• /
• pp.51-64
• /
• 2017

Objectives : This study examined the effect of private health insurance on medical care utilization by subscription type. Methods : The data used were the six waves of the Korea Health Panel (2009-2014), and 16,187 persons were the subjects of the analysis. We performed a panel regression with a fixed effects model. Results : Indemnity private health insurance was positively related to the number of physician visits, number of admissions, and total length of stays. However, fixed-benefit private health insurance was not related to medical care utilization. Conclusions : The result of this study, which shows the difference by subscription type in the effect of private health insurance on medical care utilization, suggests that continuous monitoring of indemnity private health insurance is needed in the future.

• Journal of Environmental Science International
• /
• v.14 no.9
• /
• pp.851-860
• /
• 2005

In order to how well predict ISCST3(lndustrial Source Complex Short Term version 3) model dispersion of air pollutant at point source, sensitivity was analysed necessary parameters change. ISCST3 model is Gaussian plume model. Model calculation was performed with change of the wind speed, atmospheric stability and mixing height while the wind direction and ambient temperature are fixed. Fixed factors are wind direction as the south wind(l80") and temperature as 298 K(25 "C). Model's sensitivity is analyzed as wind speed, atmospheric stability and mixing height change. Data of stack are input by inner diameter of 2m, stack height of 30m, emission temperature of 40 "C, outlet velocity of 10m/s. On the whole, main factor which affects in atmospheric dispersion is wind speed and atmospheric stability at ISCST3 model. However it is effect of atmospheric stability rather than effect of distance downwind. Factor that exert big influence in determining point of maximum concentration is wind speed. Meanwhile, influence of mixing height is a little or almost not.

• Korean Journal of Agricultural Science
• /
• v.47 no.4
• /
• pp.769-782
• /
• 2020

Interest in fruit and vegetables has increased due to changes in consumer consumption patterns, socioeconomic status, and family structure. This study determined the factors influencing the demand for fruit and vegetables (strawberries, paprika, tomatoes and cherry tomatoes) using a panel of Rural Development Administration household-level purchases from 2010 to 2018 and compared the ability to the prediction performance. An artificial neural network model was constructed, linking household characteristics with final food expenditure. Comparing the analysis results of the artificial neural network with the results of the panel model showed that the artificial neural network accurately predicted the pattern of the consumer panel data rather than the fixed effect model. In addition, the prediction for strawberries was found to be heavily affected by the number of families, retail places and income, while the prediction for paprika was largely affected by income, age and retail conditions. In the case of the prediction for tomatoes, they were greatly affected by age, income and place of purchase, and the prediction for cherry tomatoes was found to be affected by age, number of families and retail conditions. Therefore, a more accurate analysis of the consumer consumption pattern was possible through the artificial neural network model, which could be used as basic data for decision making.

• Asia-Pacific Journal of Business
• /
• v.10 no.4
• /
• pp.87-118
• /
• 2019

The purpose of this study is to examine the effects of person-job fit, which consists of educational fit and skill fit, on employees' intrinsic job satisfaction. To the end, the 10-year balanced panel data of the Korean Labor and Income Panel Study(KLIPS) by the Korea Labor Institute (KLI) for 2008-2017 are utilized. This study analyzes 12,730 observations by 1,273 employees by using fixed effect model, random effect model, and pooled OLS estimation method. The empirical results are as follows: First, it is founded that educational fit and skill fit seem affect job satisfaction positively. Second, the negative effects of over-education are clear and the negative effects of under-education are unclear, while the effects of over-skilled and under-skilled are insignificant statistically. Third, the results imply that the size of effect of over-education on intrinsic job satisfaction is larger than that of the effect of over-skilled. Forth, it is shown that the use of fixed effect model is more effective and trustworthy than that of random effect model and pooled OLS estimation method, implying that the effect size of coefficients which are estimated by pooled OLS method and random effect model are likely over-estimated. The empirical results above imply that firms and employees should focus on solving over-education issue before all in order to enhance employees' job satisfaction and it is needed to monitor regularly whether systemic job assignment process is done based on the employees' educational attainment and skill level and to provide more chances for job re-allocation and job rotation.

• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.4
• /
• pp.121-131
• /
• 2020

This study aims to investigate the interplay between education and local roads on Foreign Direct Investment (FDI) in the Philippines, using economic growth as an instrument. The study used the quantitative research design applying both descriptive and inferential statistics. A combination of Two Stage Least Square Regression Model and three approaches in Panel Regression Model such as Pooled Least Square, Fixed Effect Model, and Random Effect Model were utilized in order to study the effects of education and local roads on foreign direct investment of the Philippines. Based on Fixed Effect regression results, higher education graduates and local road investments, as conditioned by economic growth, were significant factors in order to increase the foreign direct investment in the Philippines. Accordingly, a unit increase in higher education graduates, as conditioned by economic growth, leads to 8.758 unit increases in the foreign direct investment. While, a unit increased in local road investments, as conditioned by economic growth, leads to a 0.002 decrease in foreign direct investment. The regression results of the study suggest that the Foreign Direct Investment in the regions such as CAR, I, II, IV-B, V, VIII, IX, X, XI, XII, XIII, and ARMM are higher compared to Region IV-A.

• Computers and Concrete
• /
• v.23 no.5
• /
• pp.321-327
• /
• 2019

Experimental isotherm compressive tests show that concrete behaviour is dependent on temperature. The aim of such tests is to reproduce how concrete will behave under environmental changes within a moderate range of temperature. In this paper, a novel constitutive elastic damage behaviour law is proposed based on a free energy with an apparent damage depending on temperature. The proposed constitutive behaviour leads to classical theory of thermo-elasticity at small strains. Fixed elastic mechanical characteristics and fixed evolution law of damage independent of temperature and the material volume element size are considered. This approach is applied to compressive tests. The model predicts compressive strength and secant modulus of elasticity decrease as temperature increases. A power scaling law is assumed for specific entropy as function of the specimen size which leads to a volume size effect on the stress-strain compressive behaviour. The proposed model reproduces theoretical and experimental results from literature for tempertaures ranging between $20^{\circ}C$ and $70^{\circ}C$. The effect of the difference in the coefficient of thermal expansion between the mortar and coarse aggregates is also considered which gives a better agreement with FIB recommendations. It is shown that this effect is of a second order in the considered moderate range of temperature.