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A Study on Price Volatility and Properties of Time-series for the Tangerine Price in Jeju (제주지역 감귤가격의 시계열적 특성 및 가격변동성에 관한 연구)

  • Ko, Bong-Hyun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.6
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    • pp.212-217
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    • 2020
  • The purpose of this study was to analyze the volatility and properties of a time series for tangerine prices in Jeju using the GARCH model of Bollerslev(1986). First, it was found that the time series for the rate of change in tangerine prices had a thicker tail rather than a normal distribution. At a significance level of 1%, the Jarque-Bera statistic led to a rejection of the null hypothesis that the distribution of the time series for the rate of change in tangerine prices is normally distributed. Second, the correlation between the time series was high based on the Ljung-Box Q statistic, which was statistically verified through the ARCH-LM test. Third, the results of the GARCH(1,1) model estimation showed statistically significant results at a significance level of 1%, except for the constant of the mean equation. The persistence parameter value of the variance equation was estimated to be close to 1, which means that there is a high possibility that a similar level of volatility will be present in the future. Finally, it is expected that the results of this study can be used as basic data to optimize the government's tangerine supply and demand control policy.

Guaranteed Minimum Accumulated Benefit in Variable Annuities and Jump Risk (변액연금보험의 최저연금적립금보증과 점프리스크)

  • Kwon, Yongjae;Kim, So-Yeun
    • The Journal of the Korea Contents Association
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    • v.20 no.11
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    • pp.281-291
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    • 2020
  • This study used Gauss-Poisson jump diffusion process on standard assets to estimate the statutory reserves of Variable Annuity (VA) guarantees specified in Korean bylaw of insurance supervision and calculated guarantee fees and risks based on the model to see the effect of considering the jumps. Financial assets, except KOSPI 200, have fat-tailed return distributions, which is an indirect evidence of discontinuous jumps. In the case of a domestic stock index and foreign stock indexes(Korean Won), guarantee fees and risks decrease when jumps are considered in models of underlying assets. This is explained by decreases in standard deviations after the jump diffusion is considered. On the other hand, in the case of domestic bond indexes and a foreign bond index(Korean Won), guarantee fees and risks tend to increase when jumps are considered. Results from a foreign stock index(US Dollar) and a foreign bond index(US Dollar) were opposite to those from the same kinds of Korean Won indexes. We conclude that VA guarantee fees and risks may be under or over estimated when jumps are not considered in models of underlying assets.

Preventive Action of Ribes diacanthum Pall. against High Blood Glucose Level in Alloxan-induced Diabetic Mice (가시까치밥나무(Ribes diacanthum Pall.) 추출물의 Alloxan 투여 마우스에서 혈당 상승 억제 효과)

  • Kim, Eun Sun;Birasuren, Bayarmaa;Kim, Mee Ree
    • Journal of the East Asian Society of Dietary Life
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    • v.23 no.1
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    • pp.53-60
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    • 2013
  • The preventive actions of methanol extracts from Ribes diacanthum Pall. (RDP) against high blood glucose levels in alloxan-induced diabetic mice were investigated. ICR mice (male, 8 wks) were divided into four experimental groups: a normal group (N), an alloxan-induced group (control), a RDP 1 mg/kg b.w./day + alloxan group (RDP-1) and a RDP 3 mg/kg b.w./day + alloxan group (RDP-2). Mice were fed RDP extracts for 14 days and then a diabetic condition induced by injecting alloxan (50 mg/kg b.w. i.v.). The total phenolic contents of RDP were 0.508 mg/g. Plasma glucose levels were significantly lower in RDP groups (RDP+alloxan) than the control (alloxan-induced diabetic group). In an oral glucose tolerance test, the glucose levels of RDP extract groups were significantly decreased compared to the control group. The levels of total cholesterol, triglycerides, AST, ALT, uric acid, and blood urea nitrogen in serum were lower in the RDP groups than the control group, whereas levels of HDL-cholesterol showed no difference between treatment groups. We conclude that RDP extracts positively influence blood glucose levels in diabetic mice.

Male Parental Care, Egg and Larval Development of the Smoky Damselfish, Chromis fumea (Pisces: Pomacentridae) (연무자리돔, Chromis fumea (Pisces: Pomacentridae)의 산란보호, 난발생 및 자어의 형태발달)

  • Kim, Jin-Koo;Kim, Yong-Uk;Park, Jin-Woo
    • Korean Journal of Ichthyology
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    • v.13 no.3
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    • pp.166-172
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    • 2001
  • Parental care of eggs of Chromis fumea (Tanaka) was observed by Skin Scuba gear in August 1995 off Cheju Island. The eggs and larval development were observed in the laboratory at Pukyong National University, Pusan. Eggs were deposited on a flat surface of hard substratum and formed a plain sheet of one layer of eggs. Males showed parental care of the eggs by hovering over the nest and attacking other fishes that approached the nest. The spawned eggs were transparent, elliptical in shape and measured 0.73~0.88 mm in long axis and 0.50~0.56 mm in short axis. An analysis by T-test of the long axis of the egg with time showed a significant difference (p<0.01). However, there was no significant difference in short axis with time. Eggs were reared at water temperatures of $23.0{\sim}25.5^{\circ}C$ and took about 4~5 days from embryonic body stage to hatching. The newly hatched larvae were 1.10~1.61 mm in notochord length (NL) had 21 myomeres, has closed mouth but open anus, preanus length was 45.8% of NL. Melanophores were distributed on the occipital region of head, the eye, the peritoneal region, and along the ventral contour. The larvae absorbed the yolk material and oil globule in 3~4 days after hatching and became postlarvae. On the third day after hatching, the larvae had attained 1.9~2.4 mm in NL, had 25 myomeres, and showed rapid growth. By the ninth day after hatching, the larvae had attained 2.9 mm in NL, had an swimbladder in the dorsal margin of ventral region, the preanus length was 37.9% of NL, and their melanophores were enlarged and reduced in number.

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Morphological Development of Larvae and Juveniles of the Marbled sole, Limanda yokohamae (문치가자미 (Limanda yokohamae) 자치어(仔稚魚)의 형태발달)

  • Han, Kyeong-Ho;Park, Joon-Taek;Jin, Dong-Soo;Jang, Sun-Ik;Joung, Hyun-Ho;Cho, Jae-Kwon
    • Korean Journal of Ichthyology
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    • v.13 no.3
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    • pp.161-165
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    • 2001
  • Artificial fertilization (dry method) of mature right-eye flounder, Limanda yokohamae (female : 25.1~30.4 cm in total length (TL), male : 24.5~28.5 cm in TL), obtained from the fish market in Dolsan-do, Yosu was performed in the Fisheries Exhibition. Hatched larvae and juveniles were reared to describe their morphological development. Newly hached larvae attained 3.13~3.42 mm in TL. Their eyes were yellowish brown and their mouth and anus were not yet opened. Three to six days after hatching the larvae attained 3.35~4.61 mm in TL. Their mouth and anus were open and the yolk sac was almost absorbed. Feeding activity increased as the mouth became larger. At 25 days, the larvae attained 5.47~5.91 mm in TL. The caudal notocord was flexed $45^{\circ}$ upward. At 35 days, the larvae attained 6.83~7.60 mm in TL. Rays of the dorsal and anal fins were formed, and the left eye was moved slightly to the right side of the head. At 55 days, the juveniles attained 9.38~11.73 mm in TL. The left eye was moved completely onto the right side. All of the fins had complete set of the fin rays, and the juveniles spent most of the time on the bottom resting on their blind side (D. 68~70 : A. 50~52 : P. 11: V. 6 : C. 18~19).

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Synopsis of Dragonet Fish, Family Callionymidae (Pisces, Perciformes) form Korea (한국산(韓國産) 돛양태과(科)(농어목(目)) 어류(魚類)의 분류(分類))

  • Lee, Chung-Lyul;Kim, Ik-Soo
    • Korean Journal of Ichthyology
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    • v.5 no.1
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    • pp.1-40
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    • 1993
  • Fourteen species and four genera of the family Callionymidae from Korea were reviewed and provided a tentative the key to species and genera. The taxonomic position and scientific name of the family Callionymidae were recheked together with states of their distribution. Among them, two species Callionymus kitaharai and C. doryssus previously described by Chyung(1977), were found to be the same species under synonym of Repomucenus huguenini. On the other hand, two species Repomucenus leucopoecilus and Repomucenus sp. were newly added. Seven species, previously reported as the family Callionymidae from Korea, were transferred into another generic name or specific name Draculo mirabilis into Eleucherochir mirabilis, Callionymus joponicus into Callurichthys japonics, Callionymus altivelis into Synchiropus altivelis, Callionymus kitaharai into Repomucenus huguenini, Callionymus richardsoni into Repomucenus curvicornis, Callionymus lunatus into Repomucenus lunatus, Callionymus flagris into Repomucenus oalenciennei. The species of Calliurichthys japonicus, Repomucenus lunatus, Repomucenus curvicornis, Repomucenus huguenini, Repomucenus ualenciennei and Synchiropus altivelis were mainly distributed in the South Sea, while the other species of the family were mainly distributed in the Yellow Sea of Korea.

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Morphological Development of Eggs and Larvae of the Pacific Cod, Gadus macrocephalus (대구(Gadus macrocephalus)의 난 발생 및 자어 형태발달)

  • Kim, Tae-Jin;Park, Chung-Youl;Lee, So-Gwang;Gwak, Woo-Seok
    • Korean Journal of Ichthyology
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    • v.19 no.4
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    • pp.343-349
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    • 2007
  • Embryonic and larval developments on Pacific cod, Gadus macrocephalus are described from laboratory-reared specimens. The eggs (1.075~1.168 mm in diameter) were weakly adhesive, almost spherical in shape, transparent and unpigmented, showing a pale yellow yolk without oil globules. Hatching was occurred 220 hrs after fertilization at $9.8^{\circ}C$. The newly hatched larvae (3.72~4.40 mm in total length, TL) had 43~47 (11~13+32~34) myomeres, mouth and anus which was not yet opened. The yolk was completely absorbed at 4.58 mm TL, and transformed to postlarval stage. Locations of the anus and second dorsal fin origin, and distinctive growth of the larvae head were observed at 5.48 mm TL with melanophores in the gill cover and upper region of the occipital. In addition, melanophores were distinctive in the ventral region and caudal fin base at 6.88 mm TL. All fins were formed with a complete set of fin rays having the following counts (D. 3~7-12~14-13~14; A. 13-15) at 11.54 mm TL. Both lateral line and barbel of lower jaw were observed at 15.07 mm TL.

Egg Development and Morphology of Larvae and Juveniles of Spotted Knifejaw, Oplegnathus punctatus (강담돔 (Oplegnathus punctatus)의 난 발생 및 자치어 형태발달)

  • Park, Jae Min;Lee, Sung Hun;Yun, Seong Min;Na, Hae Choon;Han, Kyeong Ho
    • Korean Journal of Ichthyology
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    • v.27 no.2
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    • pp.71-77
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    • 2015
  • Morphological changes in eggs and larvae of spotted knifejaw, Oplegnathus punctatus were observed by cultivation of fertilized eggs to juvenile stage. Fertilized egg was demersal and transparent. The egg has one oil glouble and its size ranged 1.01~1.15 mm ($1.08{\pm}0.10mm$; $mean{\pm}SD$, n=20). Culture chambers were maintained $22.5{\sim}24.5^{\circ}C$ in water temperature and 33.5~34.5ppt in salinity. It took 25 mins from fertilization to the blastoderm stage, 55 mins to 2 cell stage and 20 hrs 50 mins to hatching. Newly hatched yolksac larvae ranged 2.59~3.02 mm ($2.81{\pm}0.25mm$, n=5) in total length, and mouth and anus were not still open. Yolk and oil globule were absorbed 2 days after hatching (DAH). Flexion larvae in 12 DAH ranged 3.02~3.07 mm TL ($3.04{\pm}0.04mm$), and the caudal fin grew to fan-shaped, melanophores appeared on top of digestive canal.

Morphological and Skeletal Development and Larvae and Juvenile of Sebastes koreanus (Pisces: Scorpaenidae) (황해볼락(Sebastes koreanus) 자치어의 형태 및 골격발달)

  • Park, Jae Min;Cho, Jae Kwon;Han, Hyun;Han, Kyeong Ho
    • Korean Journal of Ichthyology
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    • v.27 no.1
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    • pp.1-9
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    • 2015
  • The morphological and skeletal development and larvae and juvenile of Sebastes koreanus were studied. The Sebastes koreanus were caught at Yeosu-si, Jeolla-namdo from March in 2014. Larvae beared at water temperature of $13.5{\sim}15.5^{\circ}C$ (mean $14.5{\pm}0.1^{\circ}C$). The just beared larvae were 6.38~6.43mm(mean $6.40{\pm}0.02mm$, n=5) in total length and their mouth and anus were already opened. They began to eat rotifer and transformed to postlarva stage. 5 days after bearing postlarvae was measured 6.45~6.49 mm (mean $6.47{\pm}0.02mm$) in total length. 15 days after bearing postlarvae was measured 6.55~6.72mm(mean $6.64{\pm}0.08mm$) in total length. 60 days after bearing juvenile was measured 15.5~20.0 mm (mean $17.7{\pm}2.25mm$) in total length with dorsal fin rays X IV-12~13; anal fin rays III-7; caudal fin rays 16.

Fecundity and Hatchability of Natural Stone Flounder Kareius bicoloratus from the West Coast of Korea (서해 자연산 돌가자미, Kareius bicoloratus의 포란수와 부화율)

  • Jun, Je-Cheon;Kang, Hee-Woong;Kim, Byung-Gyun;Choi, Ki-Ho;Jo, Ki-Che
    • Korean Journal of Ichthyology
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    • v.21 no.4
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    • pp.239-246
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    • 2009
  • To establish a database for artificial seed production of stone flounder Kareius bicoloratus, experiments were conducted to study the characteristics of spawning and fecundity of this species. Broodstocks were captured in the area of Gyeokryeolbiyeoldo, Chungnam, Korea in October 2003 and induced to natural spawning. The broodstock consisted of 12 females (34.5~51.0 cm total length and 540~2,200 g body weight) and 23 males (29.0~38.0 cm total length and 310~680 g body weight). Gonad development began in December and proceeded in the direction of the tail; measurements were made with the naked eye. The tank-held broodstock were reared for 3 months before spawning, which continued for 77 days from January 9 to March 27, 2004. Daylength during the spawning was recorded at the yearly shortest of 9.8~12.1 hours and the water temperature was maintained at $8.4{\sim}12.2^{\circ}C$. The total fecundity was 19,844,000 individuals, among which 15,433,000 individuals (77.8%) were produced during the mid-spawning period. The average bloating rate, egg-fertilization rate and hatching rate of the total number spawned reached 50.4%, 58.5% and 55.6%, respectively, and 93.8% of the hatched fry appeared normal. The number of total eggs in absolute fecundity per total length was proportional to both lengths, as was the number of total eggs in relative fecundity per total length. The number of total eggs in absolute fecundity per body weight was proportional to body weight as was the number in relative fecundity per body weight except that the number in relative fecundity per gram decreased after a peak in increased body weight at a certain point.