• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.4
• /
• pp.601-611
• /
• 2021

There are many asset prices which are interlinked and have a bearing on the stock market index. Studies have shown that the interrelationship among these asset prices vary and are inconsistent. The ultimate aim of this study is to examine the dynamic relationship between gold price, oil price, exchange rate and stock index. Monthly time series data has been utilized by the researcher to examine the interrelationship between four variables. The relationship among stock exchange rate index, oil price and gold price have been undertaken using regression and granger causality test. The results indicate that the exchange rate and oil price have an indirect influence on NIFTY; whereas gold price had a direct impact on NIFTY. It is evident from the results that volatility in the price of gold is mainly dependent on the exchange rate and vice versa. All the variables affect NIFTY in some way or the other. However, gold has a direct and vital relationship. From the study findings, it can be concluded that macroeconomic variables like commodity prices and foreign exchange rate, gold and oil, have a strong relationship on the return on securities at the national stock exchange of India.

• Proceedings of the Korea Water Resources Association Conference
• /
• 2005.05b
• /
• pp.143-148
• /
• 2005

The main purpose of this study is to suggest and evaluate an operational method for assessing the potential impact of climate change on hydrologic components and water resources of regional scale river basins. The method, which uses large scale climate change information provided by a state of the art general circulation model(GCM) comprises a statistical downscaling approach and a spatially distributed hydrological model applied to a river basin located in Korea. First, we construct global climate change scenarios using the YONU GCM control run and transient experiments, then transform the YONU GCM grid-box predictions with coarse resolution of climate change into the site-specific values by statistical downscaling techniques. The values are used to modify the parameters of the stochastic weather generator model for the simulation of the site-specific daily weather time series. The weather series fed into a semi-distributed hydrological model called SLURP to simulate the streamflows associated with other water resources for the condition of $2CO_2$. This approach is applied to the Yongdam dam basin in southern part of Korea. The results show that under the condition of $2CO_2$, about $7.6\% of annual mean streamflow is reduced when it is compared with the observed one. And while Seasonal streamflows in the winter and autumn are increased, a streamflow in the summer is decreased. However, the seasonality of the simulated series is similar to the observed pattern and the analysis of the duration cure shows the mean of averaged low flow is increased while the averaged wet and normal flow are decreased for the climate change.

• Journal of Korea Water Resources Association
• /
• v.37 no.3
• /
• pp.185-193
• /
• 2004

The main purpose of this study is to investigate and evaluate the impact of climate change on the runoff and water resources of Yongdam basin. First, we construct global climate change scenarios using the YONU GCM control run and transient experiments, then transform the YONV GCM grid-box predictions with coarse resolution of climate change into the site-specific values by statistical downscaling techniques. The values are used to modify the parameters of the stochastic weather generator model for the simulation of the site-specific daily weather time series. The weather series fed into a semi-distributed hydrological model called SLURP to simulate the streamflows associated with other water resources for the condition of $2CO_2$. This approach is applied to the Yongdam dam basin in southern part of Korea. The results show that under the condition of $2CO_2$, about 7.6％ of annual mean streamflow is reduced when it is compared with the observed one. And while Seasonal streamflows in the winter and autumn are increased, a streamflow in the summer is decreased. However, the seasonality of the simulated series is similar to the observed pattern.

• Asia-Pacific Journal of Business
• /
• v.13 no.2
• /
• pp.39-50
• /
• 2022

Purpose - The purpose of this study is to examine how Korea's macroeconomic factors, such as GDP, CPI, Export, Import, Unemployment rate and USD/KRW exchange rate, are affected by the oil price shocks. Design/methodology/approach - This study used monthly and quarterly time-series data of each variable for the period 1983 to 2022, consisting of two sub-periods, to employ Granger causality test and GARCH method in order to identify the role of the oil price movement in macroeconomic factors in Korea. Findings - Korea's currency rate to the US dollar is negatively correlated with the price change of crude oil while the GDP change is positively correlated with the price change of crude oil with strong relationship between Export and Import in particular. The exchange rate and GDP growth are believed to be not correlated with the oil price change for the pre-GFC period. According to the Granger causality test, the price change in crude oil has a causal impact on CPI, Export and Import while other factors are relatively slightly affected. Transmission effect from the oil price to Export is found and there also exists volatility spillover from oil price to economic variables under examination. Comparing two sub-periods, CPI and Export volatility responds negatively to shocks in the oil price for the pre-GFC period while volatility of CPI and Unemployment reacts positively to the oil price shocks for the post-GFC period. Research implications or Originality - The findings of this study could be helpful for both domestic and international investors to build their portfolio for the risk management since rising WTI price can be interpreted as a result of global economic growth and ensuing increase in the worldwide demand of the crude oil. Consequently, the national output is expected to increase and the currency is also expected to be strong in the long run.

• Korean Journal of Soil Science and Fertilizer
• /
• v.45 no.1
• /
• pp.112-117
• /
• 2012

The Revised Universal Soil Loss Equation (RUSLE) is a revision of the Universal Soil Loss Equation (USLE). However, changes for each factor of the USLE have been made in RUSLE which can be used to compute soil loss on areas only where significant overland flow occurs. RUSLE which requires standardized methods to satisfy new data requirements estimates soil movement at a particular site by utilizing the same factorial approach employed by the USLE. The rainfall erosivity in the RUSLE expressed through the R-factor to quantify the effect of raindrop impact and to reflect the amount and rate of runoff likely is associated with the rain. Calculating the R-factor value in the RUSLE equation to predict the related soil loss may be possible to analyse the variability of rainfall erosivity with long time-series of concerned rainfall data. However, daily time step models cannot return proper estimates when run on other specific rainfall patters such as storm and daily cumulative precipitation. Therefore, it is desirable that cross-checking is carried out amongst different time-aggregations typical rainfall event may cause error in estimating the potential soil loss in definite conditions.

• Informatization Policy
• /
• v.21 no.1
• /
• pp.35-56
• /
• 2014

Information and communication technologies(ICT) allow and force people to work anywhere, anytime using remote databases and application systems available in real-time twenty four hours a day and seven days a week. With the real time nature of ICT, individual work is becoming more and more fragmented. Instead of working on a similar task repeatedly, individuals are required to respond to e-mails and inquiries through social networks, work on planning documents, work on presentation documents, work on spreadsheets, input necessary data on company databases, generate necessary reports from the database, run teleconference, etc., all maybe in a day's work. Work fragmentation may impact negatively on productivity as the flow is interrupted, but it may increase the productivity by allowing people to handle multiple tasks in a shorter time period. This study explores the types of work fragmentation and their characteristics. An online survey was administered to collect data about work fragmentation and work characteristics including autonomy, complexity, flexibility, usage of ICT, etc. 300 cases were used in the analysis. Analysis of k-mean cluster indicated four different types of work fragmentation: concentrated, temporally distributed, spatially distributed, and fully fragmented.

• Review of Culture and Economy
• /
• v.21 no.3
• /
• pp.59-88
• /
• 2018

This study examines demand of the Korean TV VOD using monthly aggregate data and time series analysis models. In particular, the impact of box office attendance, number of IPTV subscribers, income and price of substitutes on TV VOD market is analyzed. Data on TV VOD download during the period 2013 January to 2018 June are used for the empirical analysis. TV VOD demand shows lower level of seasonality than box office attendance and the share of monthly top1 movie in TV VOD platform is also lower than that of box office attendance. The relationship between a movie's holdback and box office performance does not seem consistent. The empirical result of ARDL model reveals that in the short-run box office attendance, number of IPTV subscribers and price of substitutes have significant impact on TV VOD demand. The result on the long-term relation shows that income is the only determinant of TV VOD demand. The impact of box office attendance on TV VOD is not shown to be robust both for the short-term and long-term.

• Korean Journal of Applied Biomechanics
• /
• v.28 no.2
• /
• pp.101-108
• /
• 2018

Objective: The aim of this study was to investigate gender differences in ground reaction force (GRF) components among different speeds of running. Method: Twenty men ($age=22.4{\pm}1.6years$, $mass=73.4{\pm}8.4kg$, $height=176.2{\pm}5.6cm$) and twenty women ($age=20.7{\pm}1.2years$, $mass=55.0{\pm}8.2kg$, $height=163.9{\pm}5.3cm$) participated in this study. All participants were asked to run on an instrumented dual belt treadmill (Bertec, USA) at 8, 12, and 16 km/h for 3 min, after warming up. GRF data were collected from 30 strides while they were running. Hypotheses were tested using one-way ANOVA, and level of significance was set at p-value <.05. Results: The time to passive peaks was significantly earlier in women than in men at three different running speeds (p<.05). Further, the impact loading rates were significantly greater in women than in men at three different running speeds (p<.05). Moreover, the propulsive peak at 8 km/h, which is the slowest running speed, was significantly greater in women than in men (p<.05), and the vertical impulse at 16 km/h, which is the fastest running speed, was significantly greater in men than in women (p<.05). The absolute anteroposterior impulse at 8 km/h was significantly greater in women than in men (p<.05). In addition, as the running speed increased, impact peak, active peak, impact loading rate, breaking peak, propulsive peak, and anteroposterior impulse were significantly increased, but vertical impulse was significantly decreased (p<.05). Conclusion: The impact loading rate is greater in women than in men regardless of different running speeds. Therefore, female runners might be exposed to the risk of potential injuries related to the bone and ligament. Moreover, increased running speeds could lead to higher possibility of running injuries.

• Journal of Environmental Science International
• /
• v.26 no.5
• /
• pp.573-584
• /
• 2017

In order to simulate a typhoon precisely, the satellite observation data has been assimilated using WRF (Weather Research and Forecasting model) three-Dimensional Variational (3DVAR) data assimilation system. The observation data used in 3DVAR was GPS Radio Occultation (GPS-RO) data which is loaded on Low-Earth Orbit (LEO) satellite. The refractivity of Earth is deduced by temperature, pressure, and water vapor. GPS-RO data can be obtained with this refractivity when the satellite passes the limb position with respect to its original orbit. In this paper, two typhoon cases were simulated to examine the characteristics of data assimilation. One had been occurred in the Western Pacific from 16 to 25 October, 2015, and the other had affected Korean Peninsula from 22 to 29 August, 2012. In the simulation results, the typhoon track between background (BGR) and assimilation (3DV) run were significantly different when the track appeared to be rapidly change. The surface wind speed showed large difference for the long forecasting time because the GPS-RO data contained much information in the upper level, and it took a time to impact on the surface wind. Along with the modified typhoon track, the differences in the horizontal distribution of accumulated rain rate was remarkable with the range of -600~500 mm. During 7 days, we estimated the characteristics between daily assimilated simulation (3DV) and initial time assimilation (3DV_7). Because 3DV_7 demonstrated the accurate track of typhoon and its meteorological variables, the differences in two experiments have found to be insignificant. Using observed rain rate data at 79 surface observatories, the statistical analysis has been carried on for the evaluation of quantitative improvement. Although all experiments showed underestimated rain amount because of low model resolution (27 km), the reduced Mean Bias and Root-Mean-Square Error were found to be 2.92 mm and 4.53 mm, respectively.

• Wind and Structures
• /
• v.25 no.1
• /
• pp.63-77
• /
• 2017

When railway vehicles run by towers of long span bridges, the railway vehicles might experience a sudden load-off and load-on phenomenon in crosswind conditions. To ensure the running safety of the railway vehicles and the running comfort of the passengers, some studies were carried out to investigate the impacts of sudden changes of aerodynamic loads on moving railway vehicles. In the present study, the aerodynamic coefficients which were measured in wind tunnel tests using a moving train model are converted into the aerodynamic coefficients in the actual scale. The three-component aerodynamic loads are calculated based on the aerodynamic coefficients with consideration of the vehicle movement. A three-dimensional railway vehicle model is set up using the multibody dynamic theory, and the aerodynamic loads are treated as the inputs of excitation varied with time for kinetic simulations of the railway vehicle. Thus the dynamic responses of the railway vehicle passing by the bridge tower can be obtained from the kinetic simulations in the time domain. The effects of the mean wind speeds and the rail track positions on the running performance of the railway vehicle are discussed. The three-component aerodynamic loads on the railway vehicle are found to experience significant sudden changes when the vehicle passes by the bridge tower. Correspondingly, such sudden changes of aerodynamic loads have a large impact on the dynamic performance of the running railway vehicle. The dynamic responses of the railway vehicle have great fluctuations and significant sudden changes, which is adverse to the running safety and comfort of the railway vehicle passing by the bridge tower in crosswind conditions.