• Title/Summary/Keyword: inflation

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Study on the New World Economic Area according to the price environment created by digitalization

  • Dae-Sung SEO
    • The Journal of Economics, Marketing and Management
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    • v.11 no.4
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    • pp.65-76
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    • 2023
  • Purpose: It suggests that in order to compare economic development between large cities, this paper aims to exclude factors such as GDP, trade, manpower, R&D, then present newly an analysis of others (inflation, exports, middle-class, competitiveness, digital). Research design, data, and methodology: In the period of rapid digitalization of the world, we would like to deal with different analysis factors than before. This is because digitalization and prices have the greatest impact on the region in terms of national competitiveness. Random sampling was used as the sample size of this study to generate various values for the annual income of the middle class and the competitiveness index, and the analysis method was used. This is because the income of the middle class can lead the digitalization of the country and accelerate it to standardization. Results: Based on these analysis, it is necessary to reduce the inflation rate of digitalization, it is necessary to lower inflation rates. This can be more fundamental than interest rates. If the demand for digitalization is reduced, national competitiveness, national competitiveness will lower national competitiveness. By building a hub for middle class, you can reduce this inflation rate without China's oversupply. Conclusion: This is because it is difficult to maintain competitiveness through interest rate control, as prices rise, and inflation can become unstable. This study can seek digital acceptance by the middle class as a solution to problems like the regional economic confrontation of new globalization inflation environment.

The Theses on the Methodological Aspects of Financial Analysis of Corporation in the conditions of inflation

  • Elena Nikolaevna VYBOROVA
    • East Asian Journal of Business Economics (EAJBE)
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    • v.11 no.4
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    • pp.19-28
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    • 2023
  • Purpose - research the main methods of financial analysis of corporation in the condition of inflationary processes: the analysis of financial sustainability, liquidity, profitability and etc. Research design, Data, and methodology - the main methodical aspects of financial analysis of operations in the conditions of inflation, their efficiency are presented in the theses. Also the main financial indicators are generalized and systematized with the factor of inflation. The general scheme of adjusting the analysis of financial stability for the factor of inflation is presented. Result - The specifics of adjusting the company's assets and liabilities for the factor of inflation during the analysis of prospective financial stability are details revealed in the article. The features of a comprehensive prospective assessment of liquidity and the financial stability are determined. Conclusion - The account of factor of inflations in the financial operations enable reduce the losses, to identify the price of price strategy on the market, to analyze the problematic situations and develop scenarios for the development of the organization's activities in these conditions. The article the limitations and recommendations for adjusting for the factor of inflation are presented, including the necessary to clearly define the levels of their detail, since the study may be overloaded with calculations.

PORTFOLIO SELECTION WITH HYPERBOLIC DISCOUNTING AND INFLATION RISK

  • Lim, Byung Hwa
    • Journal of the Chungcheong Mathematical Society
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    • v.34 no.2
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    • pp.169-180
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    • 2021
  • This paper investigates the time-inconsistent agent's optimal consumption and investment problem under inflation risk. The agents' discount factor is governed by hyperbolic discounting, which has a random time to change. We impose the inflation risk which plays a crucial role in long-term financial planning. We derive the semi-analytic solution to the problem of sophisticated agents when the time horizon is finite.

An Analysis of Determinants of Medical Cost Inflation using both Deterministic and Stochastic Models (의료비 상승 요인 분석)

  • Kim, Han-Joong;Chun, Ki-Hong
    • Journal of Preventive Medicine and Public Health
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    • v.22 no.4 s.28
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    • pp.542-554
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    • 1989
  • The skyrocketing inflation of medical costs has become a major health problem among most developed countries. Korea, which recently covered the entire population with National Health Insurance, is facing the same problem. The proportion of health expenditure to GNP has increased from 3% to 4.8% during the last decade. This was remarkable, if we consider the rapid economic growth during that time. A few policy analysts began to raise cost containment as an agenda, after recognizing the importance of medical cost inflation. In order to Prepare an appropriate alternative for the agenda, it is necessary to find out reasons for the cost inflation. Then, we should focus on the reasons which are controllable, and those whose control are socially desirable. This study is designed to articulate the theory of medical cost inflation through literature reviews, to find out reasons for cost inflation, by analyzing aggregated data with a deterministic model. Finally to identify determinants of changes in both medical demand and service intensity which are major reasons for cost inflation. The reasons for cost inflation are classified into cost push inflation and demand pull inflation, The former consists of increases in price and intensity of services, while the latter is made of consumer derived demand and supplier induced demand. We used a time series (1983-1987), and cross sectional (over regions) data of health insurance. The deterministic model reveals, that an increase in service intensity is a major cause of inflation in the case of inpatient care, while, more utilization, is a primary attribute in the case of physician visits. Multiple regression analysis shows that an increase in hospital beds is a leading explanatory variable for the increase in hospital care. It also reveals, that an introduction of a deductible clause, an increase in hospital beds and degree of urbanization, are statistically significant variables explaining physician visits. The results are consistent with the existing theory, The magnitude of service intensity is influenced by the level of co-payment, the proportion of old age and an increase in co-payment. In short, an increase in co-payment reduced the utilization, but it induced more intensities or services. We can conclude that the strict fee regulation or increase in the level of co-payment can not be an effective measure for cost containment under the fee for service system. Because the provider can react against the regulation by inducing more services.

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The Effect of Dynamic Load, Inflation Pressure and Number of Passes of Tire on Soil Compaction under the Tire (타이어의 동하중, 공기압 및 통과횟수가 토양다짐에 미치는 영향)

  • 박원엽;이규승
    • Journal of Biosystems Engineering
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    • v.27 no.1
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    • pp.1-10
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    • 2002
  • This study was carried out to investigate experimentally the effect of three factors(dynamic load, inflation pressure and number of passes of tire) on soil compaction under the tire. The experiment were conducted with a 6.00R14 radial-ply tire for sandy loam soil using soil bin system. To evaluate the effect of three factors on soil compaction under the tire, the sinkage. density and volume of soil under the tire were measured fur the three levels of dynamic load(1.17kN, 2.35kN and 3.53kN), for the three levels of tire inflation pressure(103.42kPa, 206.84kPa and 413.67kPa), and for three different number of passes(1, 3 and 5). The results of this study can be summarized as follows : 1. As dynamic load, inflation pressure and number of passes of the tire increased, soil sinkage and density increased. and volume of soil decreased. Thus increase in dynamic load, inflation pressure and number of passes of the tire would increase soil compaction. 2. The effect of tire inflation pressure on sinkage. density and volume of soil under the tire was relatively less than that of the dynamic load. Therefore, it was concluded that dynamic load was more important factor affecting soil compaction in comparison to the inflation pressure of tire. 3. The effect of three different factors on sinkage, density and volume of soil decreased as the soil depth increase. Consequently, it was fecund that soil compaction at a shallow depth in soil was larger than that at deep place in soil.

RECENT PROGRESS IN STRING INFLATIONARY COSMOLOGY

  • REY Soo-JONG
    • Journal of The Korean Astronomical Society
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    • v.29 no.spc1
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    • pp.11-14
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    • 1996
  • Super-inflation driven by dilaton/moduli kinetic energy is naturally realized in compactified string theory. Discussed are selected topics of recent development in string inflationary cosmology: kinematics of super-inflation, graceful exit triggered by quantum back-reaction, and classical and quantum power spectra of density and metric perturbations.

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The Effect of Inflation on the Financial and Investment Decisions of Individual Companies (인플레이션이 기업의 투자 및 자금조달 의사결정에 미치는 영향)

  • Kim, Kwang-Soo;Lee, Yu
    • Korean Business Review
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    • v.23 no.1
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    • pp.1-16
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    • 2010
  • It is generally considered from the point of view of macroeconomics that inflation has an effect favorable to the owners of tangible assets in the allocation of assets and lightens the burden of debtors in the redemption of their liabilities. But, this effect of inflation has not yet been fully verified in the case of individual firms. Accordingly, in this article I will examine the effect of inflation on the financial and investment decisions of individual companies.

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Effects of Inflation Pressure on Tractive Performance of Bias-Ply Tires (공기압이 바이어스 플라이 타이어의 견인 성능에 미치는 영향)

  • 이동렬;김경욱;정병학
    • Journal of Biosystems Engineering
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    • v.23 no.1
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    • pp.1-12
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    • 1998
  • This study was intended to investigate experimentally the effect of inflation pressure on tractive performance of bias-ply tires for agricultural tractors. Traction tests were conducted at the three velocities of 3, 4, and 5.5km/h under few different surface conditions using a 13.6-28 6PR bias-ply tire as driving wheel of the test tractor. When the inflation pressure was reduced from 250kPa to 40kPa by a decrement of either 30 or 50kPa depending upon the test surface conditions, some of the test results showed that the tractive coefficient and efficiency were increased maximally by 40% and 17%, respectively, at 20% slippage. However, it was failed to derive any consistent rules depicting the effect of inflation pressure of bias ply tires on the tractive performance of tractors.

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The Estimation of the Closed Form in NKPC Inflation Model: Focusing on the Korean Manufacturing Industries (1975-2010)

  • Bae, Joo Han;Kang, Joo Hoon;Hong, Seonghyi;Yoon, Ayoung
    • Journal of Korea Society of Industrial Information Systems
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    • v.19 no.3
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    • pp.75-85
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    • 2014
  • This paper is to develop and estimate a closed form inflation model using the estimates for real marginal costs in manufacturing industries during the sample period 1975-2010. The production function in manufacturing industry incorporates labor, capital, domestic material, and foreign material, assuming constant returns to scale technology and AR(1) process of technological coefficient. We derive real marginal costs from firm's cost minimization with quarterly data and provide new evidences on the new Keynesian Phillips curve for Korea. The main empirical result is that the closed form coefficients ${\delta}_1$ and ${\delta}^{-1}_2$ in manufacturing for PPI inflation proved to be 0.5086 and 0.8779 respectively, similar to the estimates in the U.S. case. These results also are consistent with the functional relationship between the coefficients in hybrid model and its closed form. Thus the paper suggests that the empirical studies on inflation dynamics need to focus on the manufacturing industry with market power, treating PPI inflation as the dependent variable.

Natural frequency analysis of tractor tire with different ground contacts and inflation pressures

  • Cuong, Do Minh;Sihong, Zhu
    • Coupled systems mechanics
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    • v.9 no.5
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    • pp.455-471
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    • 2020
  • This paper presents the results of the study of vertically natural frequency of tractor tires are effected by changing different ground contacts and inflation pressures using the Free Decay Method. The results show that the natural frequencies of the tire are not affected while the vertical acceleration increased strongly due to the increase of inflation pressure when the tire performs free decay vibration on rigid ground. In addition, the number of natural frequency peaks of the tire also increases with increasing tire inflation pressure. On the other hand, the natural frequencies of the tractor tire increases strongly while the vertical acceleration decreases slightly with the increase of tire inflation pressure as the tire performs free decay vibration on soft soil. Further, the natural frequencies of tire-soil system are always higher than that of tire only, and it changed with changing the soil depth. Results also show the natural frequency of tire and tire-soil system is in the range of 3.0 to 10.0 Hz that lie within the most critical natural frequency range of the human body. These findings have to be mentioned and used as design parameters of the tractor suspension system.