• The Korean Journal of Financial Management
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• v.27 no.1
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• pp.1-30
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• 2010

This paper tested the lead-lag relationship as well as the symmetric and asymmetric volatility spillover effects between international currency futures markets and cash markets. We use five kinds of currency spot and futures markets such as British pound, Australian and Canadian dollar, Brasilian Real and won/dollar spot and futures markets. daily closing prices covering from September 15, 2003 to July 30, 2009. For this purpose we employed dynamic time series models such as the Granger causality based on VAR and time-varying MA(1)-GJR-GARCH(1, 1)-M. The main empirical results are as follows; First, according to Granger causality test, we find that the bilateral lead-lag relationship between the five countries' currency spot and futures market. The price discover effect from currency futures markets to spot market is relatively stronger than that from currency spot to futures markets. Second, based on the time varying GARCH model, we find that there is a bilateral conditional mean spillover effects between the five currency spot and futures markets. Third, we also find that there is a bilateral asymmetric volatility spillover effects between British pound, Canadian dollar, Brasilian Real and won/dollar spot and futures market. However there is a unilateral asymmetric volatility spillover effect from Australian dollar futures to cash market, not vice versa. From these empirical results we infer that most of currency futures markets have a much better price discovery function than currency cash market and are inefficient to the information.

• Journal of Science Education
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• v.38 no.2
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• pp.454-469
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• 2014

Teachers' presuppositions of nature of science, scientific causality, and nature are unconsciously constructed through interactions with his or her physical and social environment everyday and it began even before they were in any formal education. It directly influences their teaching later. Thus, this study examined what comprehensive presuppositions in nature of science, scientific causality, and nature are held by in-service secondary science teachers. For the study, Q-methodology was used. Q-sorting was done on 81 statements from three instruments: Nature statements, the Test of Preferred Explanations, and the Nature of Science Scale with twelve in-service science teachers. Teachers sorted the statements along a presented agreement scale of their viewpoint and the collected data was analyzed using recommended procedures for Q-sorts in order to group teachers with similar views. As a result, ten participants were placed in five factors based on their presuppositions of science, scientific causality, and nature and distinctive features of each factor were discovered. In addition, the study confirmed that presuppositions of science, scientific causality, and nature are interrelated. This study method will be helpful to discover more relationships regarding teachers' various viewpoints further.

• Proceedings of the Korean System Dynamics Society
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• 2003.02a
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• pp.57-64
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• 2003

시스템 다이내믹스는 인과지도(Causal map)를 통한 시스템 이해를 그 출발점으로 한다. 특히 시스템 사고(systems thinking)는 저량-유량 흐름도를 통한 컴퓨터 시뮬레이션을 통하지 않고서 인과지도 분석만을 통한 시스템의 이해를 시도한다. 그러나 과연 인파지도만을 가지고 시스템을 동태적 변화를 이해/예측할 수 있는가에 관하여는 낙관적 전망과 부정적 전망이 혼재되어 있는 상황이다. 본 연구에서는 인과지도 구축을 통하여 시스템의 변화를 이해하는 데 있어서 어떠한 인지적 편향(bias)이 개입되는지를 탐색하고자 한다. 만일 심리적 편향이 존재한다면. 시스템 사고는 오류로부터 자유로울 수 없을 것이다. 본 연구에서는 이러한 오류의 존재를 탐색함으로써 시스템 사고의 제한정과 그 극복방안에 관하여 논의하고자 한다.(중략)

• Journal of Environmental Policy
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• v.12 no.3
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• pp.97-122
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• 2013

The ARDL(Autoregressive Distributed Lag) method is employed analyzes the long-run equilibrium relationships among environmental pollution($CO_2$ emissions) per capita, income levels per capita, and energy consumption per capita. The error correction model is employed to analyze the short-term effects of income and energy consumption on $CO_2$ emissions. The Toda-Yammamoto method is employed for causal analysis among the three variables. The results show that income levels, energy consumption, and $CO_2$ emissions are cointegrated. We found the N type relationship between income and $CO_2$ emissions. Long-term elasticities of income and energy consumption with respect to $CO_2$ emission were greater than their short-term elasticities. There were a bilateral causality between energy consumption and $CO_2$ emissions. There was a unilateral causality from $CO_2$ emissions to income and from energy consumption to income not vice versa. Energy consumption can be an important variable to contribute to forecasting $CO_2$ emissions.

• Asia Marketing Journal
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• v.5 no.3
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• pp.1-34
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• 2003

서비스마케팅문헌을 살펴보면 지각된 서비스품질 및 이에 대한 고객반응에 초점을 맞추어 이루어진 연구들이 많이 있다. 그러나 본 연구에서는 지각된 서비스품질이 실질적으로 서비스 구매자인 소비자의 재구매 행위와 어떤 인과관계가 있고 또한 로열티와는 어떤 인과성을 갖는지를 규명하는데 주력하였다. 아울러 이러한 인과성이 조절변수인 라이프스타일에 따라 어떤 차이가 발생하는지를 규명하고자 하였다. 지각된 서비스품질을 측정하는 있어서는 기존 SERVQUAL방식의 측정개념이 아닌 Johnson, Tsiros & Lancioni(1995)가 적용한 일반적 시스템 접근법(투입, 과정, 성과변수로 측정)을 활용하여 새롭게 접근하고자 노력하였다. 연구결과 지각된 서비스품질은 이를 구성하는 선행변수(투입요소와 과정 및 성과요소)와 긍정적인 정(+)의 인과관계를 나타내고 있으며, 특히 성과요소에 의해 서비스품질이 지각되는 경향이 매우 큰 것으로 분석되었다. 또한 지각된 서비스품질은 재구매 의사와 로열티에 긍정적인 영향을 미치고 있는 것으로 검증되었으며 이러한 모든 인과관계는 소비자들의 라이프스타일 유형에 따라 다르게 나타나고 있었다. 따라서 서비스산업에 있어 마케팅전략을 수립하는데 있어서도 유형적 제품과 마찬가지로 라이프스타일을 이용한 시장세분화 전략을 활용할 필요가 있다.

• (The) Korean Journal of Educational Psychology
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• v.22 no.2
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• pp.367-384
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• 2008

The purpose of this study was to develop picture testing instrument for measuring children's causal reasoning ability on events that can occur in daily life. The measurement instrument contains three domain of human development; haman behavior domain, human psychology domain, and natural/physical domain. Through this study, researchers designed a concept model based on theoretical framework and prior studies and investigated the reliability and validity of the measurement instrument which was developed in accordance with the concept model. For the empirical validation research, a pretest was conducted to 336 elementary school students in grade 2 to 4 in Seoul. Considering reliability and validity of the developed measurement instrument and factor loadings, researchers sorted out 18 questions. And then 18 question test and KICE Critical Thinking Ability Test was conducted to 509 elementary school students in grade 1 to 4 in Seoul. According to the result of the tests, the researchers sorted out final 12 questions. The Cronbach's alpha, reliability of the children's causal reasoning ability test consisted of the final 12 question, was significant as .72. Also, the result of exploratory factor analysis showed that factors of this test were haman behavior domain, human psychology domain, and natural/physical domain. Moreover, the correlation between the KEDI Reasoning Ability Test(2003) scores and the scores of the test developed in the current study was significant as .55. Finally, the result of the analysis about children's grade differences, the development by discrepancy of age was significant in total points and that of each domain. The children's causal reasoning ability test developed by this study can be useful not only for the evaluation of children's thinking ability but also for screening of the handicapped children in thinking ability development.

• Journal of Korea Port Economic Association
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• v.26 no.1
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• pp.105-130
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• 2010

Container terminals in Gwangyang Port are facing in domestically and internationally a lot of changes including opening of Busan New Port and China ports. Compared to new ports, container terminals in Gwangyang Port possess old equipment and facilities. Therefore, in order for Gwangyang Port to maintain its service level and remain competitive, it needs to undergo remodeling to enhance productivity economically. Remodeling activities should be implemented on a continual basis by developing and applying new technologies such as those for gate system, yard system, berth system. In order to review the alternative, we performed questionnaire survey and expert interview. From the results of analysis, we suggested remodeling technology alternatives, priority of remodeling and improvement effect by remodeling introduction stage.

• Journal of Global Scholars of Marketing Science
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• v.17 no.3
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• pp.133-151
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• 2007

The purpose of this article is to examine the effects of item parceling on the consistency of significance testing of the causal parameters with regard to the relationship between the relevant constructs, as well as the effects of the item parceling on the goodness-of-fit indices of LISREL's general models. Most of the researchers' major purpose of using structural equation modeling (SEM) is to test their research hypotheses associated with the causal parameters. Therefore, we investigated three general models of LISREL, rather than the frequently used confirmatory factor analytic (CFA) models by many other researchers. The results of the study showed that there was a high level of consistency in the calculated test statics of causal parameters between the item-parceled solutions and the item-level solutions, and that the item-parceled solutions had better goodness-of-fit indices, such as GFI, AGFI, CFI, and NFI, than the solutions at the item level. However, in terms of RMSEA, there was no such tendency.

• Journal of Korea Port Economic Association
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• v.23 no.4
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• pp.216-227
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• 2007

The aim of this paper is to find out the nature of causality between the two ocean freights employing the Granger method. That is because the Baltic freights tend to move very closely and seem to be behave like one time series. The Granger causality test, however, is very sensitive to the number of lags used in the analysis. This means that one has to be very careful in implementing the Granger causality test. This paper, hence, uses more rather than the lags which the Akaike Information Criterion and the Schwarz Information Criterion suggest. This study shows that BPI does not "Granger-cause" BCI and BSI, but BCI and BSI Granger-cause BPI. I also discover that BHSI does not "Granger-cause" BPI and BSI, but BPI and BSI Granger-cause BHSI. I, hence, model and estimate the ocean freight function and show that the Baltic ocean freight market is inefficient and the biased estimator of the other freight.

• Korea Trade Review
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• v.42 no.5
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• pp.43-69
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• 2017

The study examined moderating role of thinking style about causality in the relationship between the perceived brand globalness(PBG) and the brand evaluation. Thinking style about causality is divided into interactionism and dispositionism. Individualism culture shows a tendency of thinking style about causality to dispositionism, and collectivist cultures shows a tendency for interactionism. We conducted a survey on Korean college students who represent collectivist cultures and foreign students from countries of individualistic culture and analyzed data through structural equation modeling. Analysis result showed that the higher the respondents perceived PBG, the higher they perceived brand quality, brand quality, and brand price. However, it showed that PBG has greater positive effects on perceived brand quality and perceived brand reputation among Korean students than students from individualistic cultures. On the other hand, the effects of PBG on perceived brand price did not show any significant difference between Korean students and students from individualist cultures. Thus, we can conclude that thinking style about causality plays a moderating role in the relationship between PBG and perceived brand quality and brand reputation, while it does not do so between PBG and perceived brand price.