• Environmental and Resource Economics Review
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• v.18 no.1
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• pp.53-73
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• 2009

This study examines the existence of ${\beta}$-convergence of carbon dioxide emissions in 24 countries over the period 1971~2002. For that purpose, The model of economic growth developed by Barro and Sala-i-Martin (1995) is extended and conducted Dynamic panel analysis and unit root testing by employing the panel stationarity test of Levin et al. (2002) and 1m et al. (2003). A dynamic panel estimation is well known method including capacity to control for both the endogeneity problem and the unobserved country-specific effects problem. Dynamic panel estimation method has been widely used in similar empirical studies. therefore, we also used the dynamic panel estimation method in our estimation. The result show that evidence of ${\beta}$-convergence exists among both the Obligatory GHG reduction countries (Annex) and the Non-obligatory GHG reduction countries (Non-Annex). but China discharge amount of $CO_2$ gas more than any other country. This fact can cause some bias in overall test. and so we reexamined test of convergence for Non-annex countries excluding china. As expected, in the Non-annex countries excluding china, I couldn't find any evidence of convergence.

• The Korean Journal of Applied Statistics
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• v.23 no.3
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• pp.443-456
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• 2010

This study is an empirical research of the stock markets to prove the synchronization phenomenon of the world economy. For this research I analyzed Korea's KOSPI, USA's DOW & NASDAQ reflecting stock markets in North America, Japan's NIKKEI in Asia, and Germany's DAX in Europe. Because the raw series are not stationary, they are to be transformed to returns series. The results of the study are follows: First of all, there are significant causalities between KOSPI's returns and those of other indices. Second, feedback effects are found between the market returns with several time lags. Third, there are 4 cointegrating equations which embody the relation of the five returns series. And forth, KOSPI reacts more sensitively to impacts from the foreign indices compared to the other indices do when they got impacts from each other except KOSPI. On conclusion, there exists a clear evidence for the synchronization phenomenon in returns of the stock indices, and we can expect Korea market may get similar changes depending on the economic changes of North America, Europe, or Asia. Therefore more closing researches should be conducted about the world economy synchronization in various fields as soon as possible.

• Journal of the Korean Crystal Growth and Crystal Technology
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• v.23 no.3
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• pp.135-141
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• 2013

Mechanical alloying was carried out to produce $CrSi_2$ thermoelectric compound using a mixture of elemental $Cr_{33}Si_{67}$ powders. An optimal milling and heat treatment conditions to obtain the single phase of $CrSi_2$ compound with fine microstructure were investigated by X-ray diffraction and differential scanning calorimetry measurement. $CrSi_2$ intermetallic compound with a grain size of 70 nm could be obtained by MA of $Cr_{33}Si_{67}$ powders for 70 hours and subsequently annealed at $650^{\circ}C$. Consolidation of the MA powders was performed in a spark plasma sintering (SPS) machine using graphite dies at $600{\sim}1000^{\circ}C$ under 60 MPa. The shrinkage of MA samples during SPS consolidation process increased gradually with increasing temperature up to $1000^{\circ}C$ and relatively significant at about $600^{\circ}C$. We tend to believe that these behaviors are deeply related to form a $CrSi_2$ compound during heating process, as can be realized from the DSC measurement. Electrical conductivity and Seebeck coefficient of sintered bodies were measured up to $900^{\circ}C$. Seebeck coefficient and power factor of $Cr_{33}Si_{67}$ compact prepared by MA and SPS at $1000^{\circ}C$ showed the maximum value of $125{\mu}V/K$ at $400^{\circ}C$ and $4.3{\times}10^{-4}W/mK^2$ at $350^{\circ}C$, respectively.

• Management & Information Systems Review
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• v.32 no.4
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• pp.189-207
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• 2013

Using high-frequency data for 2 years, this study investigates intraday lead-lag relationship between stock index and stock index futures markets in Korea and China. We found that there are some differences in price discovery and volatility transmission between Korea and China after the stock index futures markets was introduced. Following Stoll-Whaley(1990) and Chan(1992), the multiple regression is estimated to examine the lead-lag patterns between the two markets by Newey-West's(1987) heteroskedasticity and autocorrelation consistent covariance matrix(HAC matrix). Empirical results of KOSPI 200 shows that the futures market leads the cash market and weak evidence that the cash market leads the futures market. New market information disseminates in the futures market before the stock market with index arbitrageurs then stepping in quickly to bring the cost-of-carry relation back into alignment. The regression tests for the conditional volatility which is estimated using EGARCH model do not show that there is a clear pattern of the futures market leading the stock market in terms of the volatility even though controlling nonsynchronous trading effects. This implies that information in price innovations that originate in the futures market is transmitted to the volatility of the cash market. Empirical results of CSI 300 shows that the cash market is found to play a more dominant role in the price discovery process after the Chinese index started a sharp decline immediately after the stock index futures were introduced. The new stock index futures markets does not function well in its price discovery performance at its infancy stage, apparently due to high barriers to entry into this emerging futures markets. Based on EGAECH model, the results uncover strong bi-directional dependence in the intraday volatility of both markets.

• Management & Information Systems Review
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• v.38 no.4
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• pp.79-93
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• 2019

This study analyzed the information effect of KOSPI200 market and KOSPI200 futures market and volume synchronized probability of informed trading (VPIN). The data period is 760 days from July 8, 2015 to August 9, 2018, and the intraday trading data is used based on the trading period of the KOSPI 200 Index. The findings of the empirical analysis are as follows. First, as a result of regression analysis of the same parallax, when the level of VPIN is high, the return and volatility of KOSPI200 are high. Second, the KOSPI200 returns before and after the VPIN measurement and the return of the KOSPI200 future had a positive relationship with the VPIN. The cumulative returns of KOSPI200 futures were positive for about 15 minutes.Finally, we find that portfolios with high levels of VPIN showed high KOSPI200 and KOSPI200 futures return. These results confirmed the applicability of VPIN as a trading strategy index. The above results suggest that KOSPI200 and KOSPI200 futures markets will be able to explore volatility and price changes, and also be useful indicators of financial market risk.

• Proceedings of the Safety Management and Science Conference
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• 2007.04a
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• pp.471-476
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• 2007

본 논문의 목적은 과거의 산업 포트폴리오 수익률이 확률추세로부터 어떻게 전체 주식시장과 두 가지 거시경제 변수인 경기동행지수와 산업생산 등을 예측할 수 있는 지를 알아보는 데에 있다. 이를 위하여 본 연구에서는 연구모형을 설정한 후 세 가지 검정절차를 제시하고 이를 실증적으로 분석하였다. 당월의 전체 주식시장 수익률은 과거의 시차를 지닌 특정 산업부문 포트폴리오 수익률에 대하여 양(+)의 상관관계를 유지하고 있다는 '예측 1'과 전체 주식시장의 수익률은 특정 산업부문의 수익률에 대하여 선행성을 지닐 수 없다는 '예측 2'에 대한 검정 결과는 '예측 1'과 '예측 2'가 지지되고 있음을 파악할 수 있었다. 그리고 산업별 포트폴리오 수익률과 거시경제변수 간의 높은 상관관계를 토대로 하여 전체주식시장 수익률 예측을 가능하게 하는 업종 정보의 점진적 확산 현상이 발생하게 되는가를 검토하기 위하여 각 산업들의 포트폴리오 수익률과 전체 주식시장 수익률이 VAR모형을 토대로 볼 경우 Granger 인과관계를 갖고 있는 지를 분석하였다. 분석결과 21개 업종은 각 산업별 포트폴리오 수익률이 전체 주식시장 수익률을 5% 수준에서 통계적으로 유의한 영향을 주고 있음을 알 수 있었다. 이들 21개의 산업별 포트폴리오 수익률은 경제적으로도 중요한 의미를 지니고 있어 산업제품의 가격 상승과 하락이 경제에 미치는 영향을 파악할 수 있다. 특히 음료 업종에서 전체 주식시장 수익률과 상호간의 인과성을 나타내었으며, 인터넷과 화장품 업종에서는 전체 주식시장 수익률이 이들 업종에 대하여 일방적인 영향을 보이고 있음을 알 수 있었다.>$mgN\;{\cdot}\;L^{-1}$ 및 0.000-0.804 $mgN\;{\cdot}\;L^{-1}$이였다. 규소농도는 0.0-6.2 $mgSi\;{\cdot}\;L^{-1}$의 범위로 3-5월에 매우 낮았으며, 계절적인 변화가 뚜렷히 나타났다. 저질의 입자는 0-125인 silt및 coarse silt로 이루어져 있으며, COD는 51.4-116.9 $mgO_2\;{\cdot}\;gdw^{-1}$로 평균 93.0 $mgO_2\;{\cdot}\;gdw^{-1}$ 이였다. 저질내의 TP및 TN의 농도는 각각 0.04-1.46 $mgP\;{\cdot}\;gdw^{-1}$ 및 0.12-1.03 $mgN\;{\cdot}\;gdw^{-1}$이었다. 표층의 엽록소 a의 정점별 평균값은 정점 1, 2 및 3에서 각각 15.6, 15.2 및 16.0 $mg\;{\cdot}\;m^{-3}$으로 유사하였다. 식물플랑크톤은 총 49종이 출현하였으며, 생물량은 50-23, 350 cells ${\cdot}\;mL^{-1}$로 2001년 9월에 가장 많았다. 이 시기의 우점종은 녹조류인 Schroederia judayi이였으며, 생물량은 20,417 cells ${\cdot}\;mL^{-1}$이였다. 송지호의 수질을 개선하기 위해서는 인위적으로 화학성층을 파괴시켜 심충에 용존산소를 공급시켜야 할 것으로 판단되며, 모래톱으로 인해 막혀져 있는 해수

• KIISE Transactions on Computing Practices
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• v.22 no.3
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• pp.133-138
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• 2016

Motion detection algorithms based on difference image are classified into background subtraction and previous frame subtraction. 1) Background subtraction is a convenient and effective method for detecting foreground objects in a stationary background. However in real world scenarios, especially outdoors, this restriction, (i.e., stationary background) often turns out to be impractical since the background may not be stable. 2) Previous frame subtraction is a simple technique for detecting motion in an image. The difference between two frames depends upon the amount of motion that occurs from one frame to the next. Both these straightforward methods fail when the object moves very "slightly and slowly". In order to efficiently deal with the problem, in this paper we present an algorithm for motion detection that incorporates "reflected light area" and "difference image". This reflected light area is generated during the frame production process. It processes multiplex difference image and AND-arithmetic of bitwise. This process incorporates the accuracy of background subtraction and environmental adaptability of previous frame subtraction and reduces noise generation. Also, the performance of the proposed method is demonstrated by the performance assessment of each method using Gait database sample of CASIA.

• Journal of Korea Water Resources Association
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• v.55 no.12
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• pp.1053-1064
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• 2022

The Thiessen method, which is the current area average precipitation method, has serious structural limitations in accurately calculating the average precipitation in the watershed. In addition to the observation accuracy of the precipitation meter, errors may occur in the area average precipitation calculation depending on the arrangement of the precipitation meter and the direction of the heavy rain. When the watershed is small and the station density is sparse, in both simulation and observation history, the Thiessen method showed a peculiar tendency that the average precipitation in the watershed continues to increase and decrease rapidly for 10 minutes before and after the peak. And the average precipitation in the Thiessen basin was different from the rainfall radar at the peak time. In the case where the watershed is small but the station density is relatively high, overall, the Thiessen method did not show a trend of sawtooth-shaped over-peak, and the time-dependent fluctuations were similar. However, there was a continuous time lag of about 10 minutes between the rainfall radar observations and the ground precipitation meter observations and the average precipitation in the basin. As a result of examining the ground correction effect of the rainfall radar watershed average precipitation, the correlation between the area average precipitation after correction is rather low compared to the area average precipitation before correction, indicating that the correction effect of the current rainfall radar ground correction algorithm is not high.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.32 no.3
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• pp.170-179
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• 2020

Tidal asymmetry would occur owing to shallow water tides at the Western Coast of macro tidal area. Especially, as ebb dominance of Mokpo coastal zone is known as the most prominent in Korea, it had been studied by domestic researchers. The cause of ebb dominance in Mokpo area is considered due to extensive inter-tidal zone in Muan Bay, and this has been studied based on amplification ratio, relative phase and skewness of tide/tidal flow curves in order to analyze qualitative tidal asymmetry. Furthermore, it was possible to figure out tidal characteristics with the difference of tidal amplitude and phase with Mokpo Harbor by observing the tide for 15 days in Muan Bay, which showed 40 minutes shorter ebbing time than at Mokpo Harbor. In addition, tidal flow prediction data in Mokpo North Harbor and Mokpo-Gu were analyzed. Meanwhile, the basis regarding qualitative interpretation of bed sediment and suspended sediment was provided by examining the qualitative changes in tidal asymmetry for spring-neap tidal cycle through the PCA/SWA indices. In addition, by examining long-term changes of ebb dominance in Mokpo Port, tidal characteristics of the past, present and future in this area, which is related to tidal asymmetry, is also provided.

• Journal of the Korean Ceramic Society
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• v.39 no.8
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• pp.721-727
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• 2002

In order to overcome trade-off among compositions, process and properties of the glasses with high PbO-base composition for PDP Rib, we studied glass crystallization and crystallization kinetics by Differential Thermal Analysis(DTA). Glass powder was obtained through melting/cooling/grinding, with 3 wt%TiO2 addition for the crystal nucleation and growth in $62PbO-19B_2O_3-10SiO_2-9(Al_2O_3-K_2O-BaO-ZnO)$(in wt%) composition glass. This powder was heat-treated for 1 to 10 h at $445^{\circ}C$ for nucleation. DTA measurements were performed to obtain the crystallization peak with $5∼25^{\circ}C/min$ heating rates. DTA crystallization peak temperature increased with increasing the heating rate and decreased with increasing the heating time. Because the Avrami parameter (n) was approximately 1, the surface crystallization occurred. The maximum nucleation time was 2 h.