• Title/Summary/Keyword: spillover

Search Result 342, Processing Time 0.031 seconds

An Empirical Study of Ramp;D Investment Assessment in Natural Gas Industry (천연가스산업 연구개발 투자 평가 연구)

  • Park Seung-Min;Oh Kyung Joon
    • Journal of the Korean Institute of Gas
    • /
    • v.4 no.4 s.12
    • /
    • pp.34-41
    • /
    • 2000
  • The purpose of this paper is to assess the R&D investment of Korea Gas Corporation (Kogas) by combining several measures including R&D needs, technology spillover effects, and technology stock at the corporate level. This study has revealed that Kogas has concentrated its R&D resources on the operation and maintenance of gas supply facilities, and technology groups, which have higher fulfillment of R&D needs and technology spillover effects, have been on the relatively greater level of technology stocks.

  • PDF

Knowledge Spillover Effects on Agglomerations of Environment-related Industries

  • Yamashita, Jun
    • World Technopolis Review
    • /
    • v.3 no.3
    • /
    • pp.122-138
    • /
    • 2014
  • The number of environment-related technologies has increased remarkably over the past two decades, as has the public's interest in effective resource use and ways to reduce the effects of global warming. Industries that are based on environment-related technologies are thus growing rapidly. Previous studies revealed that externalities derived from the population concentration in urban areas positively affect agglomerations of high-tech industries. Such externalities have been named the "knowledge spillover effect". The purposes of the present paper are to (1) give a thumbnail sketch of the locations of environment-related industries around the world, using the Organisation for Economic Co-operation and Development environment-related patent statistics, and (2) explicate the effects of the Marshall-Arrow-Romer (MAR) and Jacobs externalities, which result from population concentrations in urban areas, on the agglomeration of environment-related industries in Sweden. The analysis revealed that environment-related industries are located chiefly in urban areas across the globe, and that only the MAR externalities influenced positively on the agglomeration of these industries in Sweden.

Active Vibration Control of A Cantilever Beam Using $H_2$ Controllers ($H_2$ 제어기를 이용한 외팔보의 능동 진동 제어)

  • Choi, Soo-Young;Jung, Joon-Hong;Park, Ki-Heon
    • The Transactions of the Korean Institute of Electrical Engineers D
    • /
    • v.52 no.7
    • /
    • pp.401-409
    • /
    • 2003
  • This paper describes the design and the performance analysis of an $H_2$ controller for noncollocated active vibrating systems. An experiment for the active vibration control of a flexible structure is performed. The experimental model used is a cantilever beam controlled by an active damping system consisting of a laser sensor and an electromagnetic actuator. The $H_2$ controller design is based on the reduced order model and the designed system is capable of attenuating vibration without causing spillover instability. The design procedure to prevent spillover instability is described via the sensitivity analysis. The performances of the controller are verified by experimental results.

Active Vibration Control of A Cantilever Beam Using Ha Controllers (H₂제어기를 이용한 외팔보의 능동 진동 제어)

  • Choe, Su Yeong;Jeong, Jun Hong;Park, Gi Heon
    • The Transactions of the Korean Institute of Electrical Engineers C
    • /
    • v.52 no.7
    • /
    • pp.401-401
    • /
    • 2003
  • This paper describes the design and the performance analysis of an Ha controller for noncollocated active vibrating systems. An experiment for the active vibration control of a flexible structure is performed. The experimental model used is a cantilever beam controlled by an active damping system consisting of a laser sensor and an electromagnetic actuator. The $H_2$ controller design is based on the reduced order model and the designed system is capable of attenuating vibration without causing spillover instability, The design procedure to prevent spillover instability is described via the sensitivity analysis. The performances of the controller are verified by experimental results.

Innovation Height and Firm Performance: An Empirical Analysis from the Community Innovation Survey

  • ISOGAWA, DAIYA;NISHIKAWA, KOHEI;OHASHI, HIROSHI
    • KDI Journal of Economic Policy
    • /
    • v.37 no.1
    • /
    • pp.44-72
    • /
    • 2015
  • This study evaluates the economic impact of product innovation by using firm-level data from the Community Innovation Survey conducted in Japan. It accounts for possible technological spillover from innovation activities and examines the extent to which new-to-market product innovations contribute to firm performance. Econometric analysis using a simultaneous equation model reveals that new-to-market product innovation is likely to increase a firm's sales without cannibalizing those of existing products and generate more technological spillover to other firms. Moreover, such innovation is more likely to emerge from firms collaborating with academic institutions. The paper concludes by discussing policy implications of these findings as well as points to the importance of cross-country comparison between Korea and Japan.

  • PDF

Quantile Dependence between Foreign Exchange Market and Stock Market: The Case of Korea

  • Han, Heejoon;Lee, Na Kyeong
    • East Asian Economic Review
    • /
    • v.20 no.4
    • /
    • pp.519-544
    • /
    • 2016
  • This paper examines quantile dependence and directional predictability between the foreign exchange market and the stock market in Korea. Instead of adopting a multivariate model such as a vector autoregressive model, a multivariate GARCH model or a combination of both models, we apply the cross-quantilogram recently proposed by Han et al. (2016). Considering various quantile ranges, we investigate various spillover effects between two markets. Our findings show that there exists an asymmetric bi-directional spillover between two markets and the interdependence between two markets implies that one market has significant predictive power on the other.

Benefits and Spillover Effects of Infrastructure: A Spatial Econometric Approach

  • Kim, Kijin;Lee, Junkyu;Albis, Manuel Leonard;Ang, Ricardo III B.
    • East Asian Economic Review
    • /
    • v.25 no.1
    • /
    • pp.3-31
    • /
    • 2021
  • This paper estimates the effects of transport (road and rail) & energy and ICT infrastructure (telephone, mobile, and broadband) on GDP growths in neighboring countries as well as own countries. We confirm positive direct contributions of infrastructure, access to Internet, and human capital on economic growth. The spatial panel regression models indicate that there exist positive externalities of the broadband infrastructure and human capital, and these results are robust regardless of the choice of spatial weight matrices. Our findings on spillover effects of infrastructure suggest the key role of neighboring countries' infrastructure on own country's economic growth.

Examining the Impact of Co-branding Service Failures on Consumer Evaluations

  • Lee, Chia-Lin
    • Asia Marketing Journal
    • /
    • v.19 no.3
    • /
    • pp.19-44
    • /
    • 2017
  • Researchers do not fully understand consumers' responses to negative co-branding events; thus, they report inconsistent evidence regarding the negative impact on the partnering brands. Our research bridges a gap in this research stream, and answers an important question: When a service failure occurs, could the two different models of consumers' brand schema change affect their negative perception of each brand partner? By using a theoretical and mathematical modeling approach, we offer two propositions. The first proposition shows that, under consumers' book-keeping cognitive process, the negative spillover effect occurs for both brands. The second proposition argues that, when the sub-typing model is assumed, it is possible that one brand suffers while the other escapes the blame for the failure. To our knowledge, this is one of the first few studies to identify circumstances in which a negative spillover effect may or may not occur to brand partners in co-branding service failures.

Analysis of Technology Convergence Structure Using technology Input-output Analysis: Case of Convergence R&D Development Project for Small and Medium Businesses (기술연관분석을 활용한 기술융합구조 분석: 중소기업 융·복합기술개발사업 사례)

  • Lee, Kwang-Min;Kim, Da-Woon;Hong, Jae-Bum
    • Journal of Technology Innovation
    • /
    • v.22 no.3
    • /
    • pp.1-35
    • /
    • 2014
  • This study analyzed convergence status among input technologies used in technology development with Technology I-O analysis. It was another version of industry input-output analysis which is used in technology planning. This case is an analysis of association between technology an product. The subjects of analysis were 401 tasks that applied to '2012 Convergence Technology Development Project for Small and Medium Businesses' promoted by Korea Technology & Information Promotion Agency for Small and Medium Enterprises. The process of analysis is as followed. First step, we made a matrix table as an input of technology input-output analysis. Input was defined by technology and output was defined by the product. Input technology was defined in a 3-digit code under National Science Technology Classification and output products were defined in a 5-digit under National Standard Industry Code. Second, the Spillover ratio among technologies were calculated and was used to make a picture of technology linkage. As a result of analysis, technology spillover of embedded S/W was the highest in IT convergence, mold product in ET convergence, and functional cosmetics development technology in BT convergence. In general, IT convergence had many element technologies with high technology spillover, and ET had a small number of element technologies with high technology spillover. Therefore, investment effect of element technology is expected to be large if investment on element technologies with high technology spillover is important for vitalizing convergence.

A Study on the Volatilities of Inbound Tourists Arrivals using the Multivariate BEKK model (다변량 BEKK모형을 이용한 방한 외래 관광객의 변동성에 대한 연구)

  • Kim, Kyung-Soo;Lee, Kyung-Hee
    • Management & Information Systems Review
    • /
    • v.32 no.3
    • /
    • pp.1-23
    • /
    • 2013
  • In this study, we try to investigate the spillover effects of volatility in international tourists arrivals between Korea and US, Japan, China by using the multivariate BEKK model from January 2005 to January 2013. In the results of this study, after the global financial crisis, we found a cointegration relationship and tourist arrivals of Japan were adjusted to recovery in the short term. Also tourists arrivals from China and Japan showed the long-term elasticity. In the conditional mean equation of a BEKK model, there were the spillover effects. And in the conditional variance equation, ARCH(${\epsilon}^2_t$) coefficients showed a strong influence on the arrivals of their own and the spillover effects and the asymmetric effects on the volatility of China and Japan arrivals. In GARCH(${\sigma}^2_t$) coefficients showed the asymmetric effects and the spillover effects of the conditional volatility among source arrivals. Therefore, we examined the asymmetric reaction of one-way or two-way tourist arrivals between source countries and Korea and the spillover effects related to tourists arrivals of source countries to Korea. We has confirmed a causal relationship between some of the tourists arrivals from source countries to korea.

  • PDF