• Title/Summary/Keyword: long-run relationship

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Compensation of Image Motion Effect Through Augmented Transformation Equation

  • Ghosh, Sanjib K.
    • Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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    • v.1 no.2
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    • pp.23-29
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    • 1983
  • Degradation of image caused by relative motion between the object and the imaging system (like a camera with its platform) is detrimental to precision photogrammetry. Principal modes of relative motion are identified. The discussion is, however, concentrated on the systematic motions, translatory and rotatory. Various analogical approaches of compensating for the image motion are cited. An analytical-computational approach is presented. This one considers the relationship of transformation bet ween the image and the object, known as the collinearity condition. The standard forms of collinearity condition equations are presented. Augmentation of these equations with regard to both translatory and rotatory motions are expounded. With ever increasing use of high speed computers (as well as analytical plotters in the realm of photogrammetry), this approach seems to be more costeffective and seems to yield better precision in the long run than other approaches that concentrate on analogical corrections to the image itself.

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The Analysis of the Effect of FDI to Export - from the case of Vietnam (FDI와 수출 간 관계 연구 - 베트남의 사례를 중심으로)

  • Le Ngoc Khai;Young-Jin Ro
    • Korea Trade Review
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    • v.45 no.4
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    • pp.95-105
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    • 2020
  • Vietnam has experienced a high economic growth since early 2000s. One of the reasons for this successful economic growth is foreign direct investment that has been invested mainly in manufacturer sector in Vietnam. In this paper, we examine the impacts of foreign direct investment to Vietnam on its exports using quarterly data from 2000:1 to 2017:4. Since all the variables in our model is subject to I(1), we apply Fully Modified OLS(FMOLS) to estimate a cointegration vectors. Our results show that there exists a long-run relationship among Export, FDI, Exchange rate and G20 countries' GDP. Also, we find that FDI has a positive effect on Vietnam's export, which was statistically significant. Our results support the hypothesis that the FDI to Vietnam since 2000 has an export-oriented feature.

Does the Gap between Domestic and International Gold Price Affect Money Demand?: Evidence from Vietnam

  • TUNG, Le Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.3
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    • pp.163-172
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    • 2019
  • The paper aims to investigate the impact of the gap between domestic and international gold price on money demand in Vietnam, an emerging economy in the Asian region. We use a quarterly database collected from the first quarter of 2004 to the fourth quarter of 2016. The time-series database includes 52 observations. The money demand is represented by M2; Domestic income is the Gross domestic product at the constant prices of 1994; Inflation rate is calculated by the Customer Price Index from the General Statistics Office of Vietnam. The result confirms the existence of a long-term cointegration relationship between the money demand and the gap between domestic and international gold price as well as some variables including domestic income, inflation, and real exchange rate. The regression results also show that the gap between domestic and international gold price has a positive impact on money demand in the Vietnamese economy. Besides, the domestic income and international gold price have positive impacts on money demand while the inflation and real exchange rate are negatively related in the long run. This proves that the gap between the domestic and international gold price really has a positive impact on money demand in Vietnam during the study period.

A Study on the Current Customer's Defection Due to Promotions Focused on New Customer Acquisition (신규고객 유치에 따른 기존고객의 이탈가능성 연구)

  • Lee, Ki-Soon;Kim, Sang-Yong
    • Journal of the Korean Operations Research and Management Science Society
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    • v.32 no.1
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    • pp.105-124
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    • 2007
  • CRM (Customer Relationship Management) becomes a crucial paradigm as the environment of the market changes. About the CRM actively maintaining and managing customers that have been already acquired, the research has been done as a plan to lure loyal customers who bring lucrative profits in the long term for the company in order to increase the value to the customers. However, in practice, the focus is on putting spurs to attracting new customers in a short term rather than retaining existing customers who give profitable revenues. If the company puts high emphasis on drawing the new customers, in a CRM's point of view in relation to the value of the customers, it can incur a loss in the long run. The reason is that if the firm conducts discriminative sales promotion, the existing clients with high loyalty will feel relatively treated inappropriately and they will have negative feelings such as being betrayed from the company they prefer. This occurrence of negative emotion can in-crease the possibility of highly profitable clients' secession. In consequence, this paper focusing on the process of the client segmentation at the mobile telecommunication services shows that the sales promotion strategy for the new customer attraction can lead to negative effect on the loyalty of the existing customers.

Association between Efficiency and Quality of Health Care in South Korea Long-term Care Hospitals: Using the Data Envelopment Analysis and Matrix Analysis (요양병원의 효율성과 의료서비스 질의 관련성: 자료포락분석과 매트릭스 분석)

  • Sohn, Minsung;Choi, Mankyu
    • Journal of Korean Academy of Nursing
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    • v.44 no.4
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    • pp.418-427
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    • 2014
  • Purpose: Objectives of this study were to investigate the association between efficiency and quality of health care in Long-term Care Hospitals (LTCH) and determine related factors that would enable achievement of both high efficiency and high quality at the same time. Methods: Major data sources were the "2012 Korean Assessment of Propriety by Long-term Care Hospitals" obtained from the Health Insurance Review & Assessment Service. Cost variables were supplemented by a National Tax Service accounting document. First, data envelopment analysis was performed by generating efficiency scores for each LTCH. Second, matrix analysis was conducted to ascertain association between efficiency and quality. Lastly, kruskal-wallis and mann-whitney tests were conducted to identify related factors. Results: First, efficiency and quality of care are not in a relationship of trade-offs; thus, LTCH can be confident that high efficiency-high quality can be achieved. Second, LTCH with a large number of beds, longer tenure of medical personnel, and adequate levels of investment were more likely to have improved quality as well as efficiency. Conclusion: It is essential to enforce legal standards appropriate to the facilities, reduce turnover of nursing staff, and invest properly in human resources. These consequences will help LTCH to maintain the balance of high efficiency-high quality in the long-run.

Testing for the Statistical Interrelationship between the Real Estate and the Stock Markets (부동산시장과 주식시장의 통계적 연관성 검정)

  • Kim, Tae-Ho
    • The Korean Journal of Applied Statistics
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    • v.21 no.3
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    • pp.497-508
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    • 2008
  • As important markets have been closely connected in the opening and globalizing process, the instability in one market is increasingly possible to spread in other markets, which necessarily leads to careful investigations. In analyzing the short and the long run dynamics between the stock and the real estate markets, which are the two major investment options, this study conducts the statistical tests for the interrelationships between the two markets and the possibility of their substitution effect. In addition, the estimation results appear to be consistent with the simple causal relationship among the markets in the high interest rate period and the relatively complex relationship in the low interest rate period.

Linking Knowledge Sharing to Innovative Work Behaviour: The Role of Psychological Empowerment

  • ALMULHIM, Abdullah F.
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.549-560
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    • 2020
  • The purpose of the study is to explore the psychological empowerment of the worker as a moderator to explain the link between knowledge sharing and innovative work behaviour within the telecommunication sector of Saudi Arabia. This study is based on a quantitative approach, having collected data through a series of questionnaires developed on previous studies. This study has applied Smart-Partial Least Squares (PLS) for the data analysis. The results revealed that there is a positive and significant relationship between knowledge sharing and innovative work behaviour. The knowledge sharing increases the competencies of the workers, bringing about more creativeness and perfection. Furthermore, this study elaborates that psychological empowerment plays an important role as a moderator in making a strong relationship between knowledge sharing and innovative work behaviour. This study concluded that the innovative work behaviour in any organisation depends on the practice, experience, and capabilities of the workers and, most importantly, the interdepartmental knowledge shared amongst them. The sharing of knowledge psychologically empowers the worker to bring creativity, modernization and excellence in the work that affects the marginal productivity, profitability, and customer satisfaction at a great extent. These factors provide long-run sustainability to business in a highly competitive market environment.

The Emergence of Competitiveness in Korea-China Ship Distribution Industry

  • Lee, Jae-Sung;Kim, Yung-Keun;Noh, Hyun-Soo
    • Journal of Distribution Science
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    • v.13 no.7
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    • pp.11-18
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    • 2015
  • Purpose - This paper reviews the changes in the ship export and import structure between Korea and China. It utilizes the comparative advantage trade theory to analyze time-series statistical data from the market share index, revealed comparative advantage index (RCA), and trade specialization index(TSI). Research design, data, and methodology - Based on their economic phases, both Korea and China have similar country characteristics. The purpose of this research is to understand the two country's trade structures to fortify the Korea-Sino economic relationship including verifying what is working and what is not. Results - Based on the analysis, bilateral economic activity to achieve a plus trade stimulus environment should be realized in the long run. Both countries should establish guarantee-free trade negotiations and boundaries instead of various non-tariff barriers. Conclusion - Reviewing the research, a sound competitive relationship can be grown for mutual benefit including export market diversification in the near future. The review of the Korea-Sino ship industry is keenly important and investigative research about it is timely because it is a major industry in each country.

A Panel Analysis on the Cross Border E-commerce Trade: Evidence from ASEAN Countries

  • HE, Yugang;WANG, Jingnan
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.2
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    • pp.95-104
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    • 2019
  • Along with the economic globalization and network generalization, this provides a good opportunity to the development of cross-border e-commerce trade. Based on this background, this paper sets ASEAN countries as an example to exploit the determinants of cross-border e-commerce trade including the export and the import, respectively. The panel data from the year of 1998 to 2016 will be employed to estimate the relationship between cross-border e-commerce trade and relevant variables under the dynamic ordinary least squares and the error correction model. The findings of this paper show that there is a long-run relationship between cross-border e-commerce trade and relevant variables. Generally speaking, the GDP(+) and real exchange rate(-export & +import) have an effect on cross-border e-commerce trade. However, the population (+) and the terms of trade (-) only have an effect on cross-border e-commerce import. The empirical evidences show that the GDP and the real exchange rate always affect the development of cross-border e-commerce trade. Therefore, all ASEAN countries should try their best to develop the economic growth and focus on the exchange rate regime so as to meet the need of cross-border e-commerce trade development.

Unemployment and Shadow Economy in ASEAN Countries

  • TRAN, Toan Khanh Pham
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.11
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    • pp.41-46
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    • 2021
  • The purpose of this study is to investigate the relationship between unemployment and shadow economy for 7 selected ASEAN countries using panel data from 2000-2017. This study uses a sample of 7 ASEAN countries including Cambodia, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam covering the 2000-2017 period. The stationarity of the variables is determined by Pesaran panel unit-root tests. The Westerlund panel co-integration technique is used to examine the long-run relationship among the variables. In addition, dynamic ordinary least squares (DOLS) and fully modified ordinary least squares (FMOLS) methods are also employed. The DOLS and FMOLS results indicate that unemployment acts as an important driver for the increase in the shadow economy. In addition, the study results also reveal that GDP per capita has a negative impact on the shadow economy. Moreover, government expenditure, bank credit, and inflation are positively related to the shadow economy. The empirical results indicate that the size of the shadow economy is boosted by unemployment in the selected ASEAN economies. In addition, it is also evident that an increase of GDP per capita in the sample countries results in a lower shadow economy. Besides, government expenditure, bank credit, and inflation play a crucial role in the shadow economy.