• Title/Summary/Keyword: 조건부 분포

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Searching for Growth Engine: For the Firms Belonging to the Chaebol in the Korean Capital Markets (한국 재벌기업들의 성장 동력에 관한 재무적 결정요인 분석)

  • Kim, Hanjoon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.12
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    • pp.7134-7147
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    • 2014
  • This study examined one of the contemporary issues that may be interesting to academics and practitioners regarding the driving force of the growth rate for the firms belonging to the chaebols in the Korean capital markets. With respect to the empirical results obtained from two hypothesis tests, the first hypothesis was to identify any financial determinants on the growth rate by applying both dynamic panel data and static panel data models. The debt ratios relevant to the book- and market-value showed their positive relationships with the DV of GROWTH1, along with other significant IDVs such as one-period lagged DV of GROWTH_1, SIZE1 and FOS with statistical significance. Second, by employing conditional quantile regression (CQR) analysis, the control variables, such as ROA, SMARKET, time dummy variable of F2010 and F2011, and the industry dummies of IND3 and IND10, provided evidence of their significant influences on DV of GROWTH1.

Determination of drought events considering the possibility of relieving drought and estimation of design drought severity (가뭄해갈 가능성을 고려한 가뭄사상의 결정 및 확률 가뭄심도 산정)

  • Yoo, Ji Young;Yu, Ji Soo;Kwon, Hyun-Han;Kim, Tae-Woong
    • Journal of Korea Water Resources Association
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    • v.49 no.4
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    • pp.275-282
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    • 2016
  • The objective of this study is to propose a new method to determine the drought event and the design drought severity. In order to define a drought event from precipitation data, theory of run was applied with the cumulative rainfall deficit. When we have a large amount of rainfall over the threshold level, in this study, we compare with the previous cumulative rainfall deficit to determine whether the drought is relieved or not. The recurrence characteristics of the drought severity on the specific duration was analyzed by the conditional bivariate copula function and confidence intervals were estimated to quantify uncertainties. The methodology was applied to Seoul station with the historical dataset (1909~2015). It was observed that the past droughts considered as extreme hydrological events had from 10 to 50 years of return period. On the other hand, the current on-going drought event started from 2013 showed the significantly higher return period. It is expected that the result of this study may be utilized as the reliable criteria based on the concept of return period for the drought contingency plan.

A Test for Nonlinear Causality and Its Application to Money, Production and Prices (통화(通貨)·생산(生産)·물가(物價)의 비선형인과관계(非線型因果關係) 검정(檢定))

  • Baek, Ehung-gi
    • KDI Journal of Economic Policy
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    • v.13 no.4
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    • pp.117-140
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    • 1991
  • The purpose of this paper is primarily to introduce a nonparametric statistical tool developed by Baek and Brock to detect a unidirectional causal ordering between two economic variables and apply it to interesting macroeconomic relationships among money, production and prices. It can be applied to any other causal structure, for instance, defense spending and economic performance, stock market index and market interest rates etc. A key building block of the test for nonlinear Granger causality used in this paper is the correlation. The main emphasis is put on nonlinear causal structure rather than a linear one because the conventional F-test provides high power against the linear causal relationship. Based on asymptotic normality of our test statistic, the nonlinear causality test is finally derived. Size of the test is reported for some parameters. When it is applied to a money, production and prices model, some evidences of nonlinear causality are found by the corrected size of the test. For instance, nonlinear causal relationships between production and prices are demonstrated in both directions, however, these results were ignored by the conventional F-test. A similar results between money and prices are obtained at high lag variables.

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Induction coordination of the 154KV system with direct grounding (154KV 계통직접접지전환에 따른 유도협조)

  • 손필영;원준희
    • 전기의세계
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    • v.18 no.1
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    • pp.33-37
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    • 1969
  • 한전은 1968년 11월 3일 오전 10시 04분을 기하여 154KV 전계통의 직접접지방식 전환을 단행하였다. 종전의 P.C(소고선륜) 중성점접지방식을 직접접지방식으로 전환한것으로서 전력사상 특기 할 만한 근대화사업이며 다년간을 두고 추진해온 중요과제였다. 전력계통의 확대와 복잡화는 선진국가에서도 실시하고 있는 직접접지방식의 채택을 불가변하게 하였고 또한 1차 AID송배전차관도 이의 채택을 조건부로 승인되었던 것으로서 1968년 이후에 건설되는 송변전기기는 직접접지계에서만 운전할 수 있는 절연Level 650KV급이 도입되어 부산화력발전소 3호기가 준공되는 1968년 10월말까지는 직접접지전환이 반드시 이루어져야 하는 실정에 놓여 있었다. 그런데 직접접지방식의 단점인 인접통신선에 미치는 유도장해를 해결하는 문제가 다년간을 두고 진지하게 검토되어 왔으나 해결이 늦어지고 있었다. 사유는 154KV 계통에 인근된 통신선이라면 체신부, 내무부, 교통부, 국방부등 여러기관의 것이 있는데, 유도장해보안방법과 유도보상비문제에 대하여 전력측(상공부, 한전)과 통신측(상기의 체신부등)의 견해차가 해소되지 않기 때문이었다. 그것이 1968년 5월에 와서 전력.통신쌍방이 범국가적입장에서 제반애로를 무릅쓰고 최소한의 투자로 가능한 범위내의 보안책으로서 우선 Arrester 보안방식을 채택하기로 합의되어 경제장관회의를 거쳐 시공하기에 이른것이다. 이 란을 빌려 이 사업의 필요성과 경위및 통신선유도장해방지를 위한 보안방식내용을 간단히 소개함으로써 앞으로 이 분야의 항구적인 유도대책연구에 다소나마 참고가 된다면 다행으로 생각하겠다.면서 예측강우의 질이 저하되기 시작하였으나 QPM을 합성함으로써 생산한 BQPF는 보다 신뢰성있고 양호한 결과를 얻을 수 있었다. 이러한 결과들은 향후 정량적 분포형강우 예측을 이용한 실시간 홍수유출 예측시 댐운영자는 리드타임(홍수선행시간)을 충분히 확보함으로서 안정적이고 예측 가능한 홍수조절을 하는데 도움을 줄 수 있을 것으로 기대된다. 이와 같이 다양한 단기저수지 유입량의 예측정보 제공으로 다목적댐 저수지 운영모형의 효용성을 제고하여 향후 실제 저수지 유입량 예측에 이용함으로써 저수지 단기운영효율 개선에 기여할 수 있을 것으로 사료된다.다. 이것은 여름철 강수량이 증가하고, 호우발생빈도, 특히 8월의 강수일수가 증가하고 있다는 것과 밀접한 관련이 있다. 여름과 가을에 우리나라에 영향을 미치는 태풍의 수는 뚜렷한 추세를 보이지 않으나, 2002년 루사, 2003년 매미로 인하여 각각 6조원, 4조원 이상의 막대한 피해가 발생하였다. 태풍에 의한 피해액은 GDP 대비 약 0.9%(태풍 루사)로 최근 경제상장률과 비교해 보면, 상당한 비율을 차지한다. 우리나라에 영향을 미치는 태풍은 연근해의 해수면 온도가 높아지면 세기가 강해질 가능성이 높다. 폭설과 한파일수도 평년대비 최근 10년 감소하였고 일최저기온이 영하 $10^{\circ}C$ 이하인 날도 연간 발생일수가 감소하였다. 최근 10년간 우리나라 기후의 변화특성은 기온상승과 더불어 서리종료일이 앞당겨지고 열대야가 증가하고 폭설, 한파, 겨울철 일최저기온 영하 10도 이하인 날의 감소 등이 나타나고, 여름철 재해의 원인인 호우일수는 증가하는 추세이다.

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The Evaluation of Hydraulic and Hydrology Effects on Methods of Quantitative Precipitation Estimation (정량적 강수추정기법에 따른 수리·수문학적 영향 평가)

  • Son, Ahlong;Yoon, Seong-sim;Choi, Sumin;Lee, Byongju;Choi, Young Jean
    • Proceedings of the Korea Water Resources Association Conference
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    • 2015.05a
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    • pp.640-640
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    • 2015
  • 2010년과 2011년 서울에서 발생한 집중호우와 2014년 부산에서 발생한 집중호우의 발생으로 막대한 재산상의 피해와 사상자를 냈다. 2010년 9월 21일에 발생한 집중호우는 1908년 관측시작이래 가장 많은 비가 내린 것으로 기록되었으며 주거지 4,727호, 상가 1,164호, 공장 126동 등이 침수되고 13시를 기준으로 강서지점의 경우 시간당 98.5mm의 기록적인 강우를 기록하였으나, 관악지점은 5.5mm에 그쳐 두 지점간의 시간당 강우량의 편차가 약 200배 가까이 차이가 나는 것으로 나타났다. 이와 같이 최근 도시지역에서 국지성 집중호우가 증가하고 있으며 지역별 강우 편차가 크고 이에 따라 침수피해발생 여부도 지역에 따라 달라진다. 강수의 공간적 분포와 그로 인한 침수해석은 도시돌발홍수 예경보 시스템에 있어 무엇보다도 중요하다. 본 연구의 목적은 도시지역 돌발홍수 예경보 시스템 구축을 위한 정량적 강수추정 QPE(Quantitative Precipitation Estimation)기법에 따른 수리 수문학적 영향을 평가하는 것이다. 정량적 강수추정을 위해 AWS, SKP, 레이더 자료를 활용하여 250m의 해상도를 가지도록 크리깅을 적용하였다: QPE 1은 34개의 AWS의 지점우량을 지구통계학적 기법 중의 하나인 크리깅을 이용하여 산정한 기법, QPE 2는 AWS와 156개의 SKP의 강우데이터를 크리깅을 이용하여 산정한 기법, QPE 3는 광덕산 레이더를 이용한 기법, QPE 4는 AWS, SKP, 광덕산 레이더 자료를 조건부 합성한 기법이다. 월류량을 산정하기 위해 도시유출해석모형인 SWMM을 강남역 일대를 대상으로 구축하고 우수관로 시스템으로 유입되지 못한 노면류(Surface flow)를 함께 고려하였다. 침수해석을 위해서는 DHM모델을 적용하였으며 2013년 7월 기간에 발생한 호우에 대하여 분석을 수행하였다. 비교수행을 위해서 인접한 서초 AWS와 강남 AWS의 지점강우량도 함께 고려하였으며 모의결과를 국가 재난관리 정보 시스템(NMDS)에 침수피해가 확인된 가옥 및 빌딩 정보와 일치여부를 적합도로 산정하였다. 산정된 적합도를 통하여 정량적 강수추정기법에 따른 수리?수문학적 영향을 평가하였다. 실제 침수흔적정보와 비교 결과, QPE 2와 QPE4가 가장 적합도가 높았으며 이에 따라 고밀도의 관측망의 구성이 도시지역 침수해석결과에도 적합할 것으로 판단된다.

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Estimation of citizen's willingness to pay for water quality improvement on urban rivers (도시하천 수질개선을 위한 시민의 지불의사액 추정 연구)

  • Kang, Jiyoon;Yang, Jinwoo;Hwang, Youngsoon;Kim, Keewook
    • Journal of Korea Water Resources Association
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    • v.56 no.3
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    • pp.225-233
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    • 2023
  • Urban rivers and their surrounding environments have been altered due to factors such as rapid economic growth and urban development. This alteration have caused the rivers to lose their original value and become exposed to various pollution, resulting decrease in citizens' quality of life. This study aims to estimate citizens' Willingness To Pay (WTP) for water quality improvement in Suyeong River in Busan. To estimate the non-market value of the Suyeong River, the WTP of Busan citizens for water quality improvement was estimated, applying Contingent Valuation Method (CVM). The WTP for improving the water quality from Grade 4(polluted water) to Grade 2(game fish like bass can live in it) was estimated using the water quality ladder concept of the US Environmental Protection Agency, assuming annual donations for five years. For the CVM, the logistic distribution and Spike Model were adopted. As a result, citizens residing in the surrounding area of Suyeong River expressed a higher WTP. Considering more than half of the Busan citizens are aware of the "conservation of nature and ecosystems" as a major function of the Suyeong River, this higher WTP could serve as a basis for improving the value of urban rivers.

A Study on Economic Value of Daegu Arboretum based on Contingent Valuation Methods (가상가치평가법을 이용한 대구수목원의 경제적 가치평가)

  • Kang, Kee-Rae;Lee, Kee-Cheol;Lee, Hyun-Taek;Ryu, Byong-Ro;Kim, Dong-Pil
    • Korean Journal of Environment and Ecology
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    • v.25 no.5
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    • pp.787-798
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    • 2011
  • An arboretum is defined as a collection of facilities that conserve plant species by surveying, collecting, and proliferating and preserving the plants in nature, perform diverse researches on plants and display the plants in exhibition spaces or outdoors as well as provide the public with educational programs and refreshment spaces according to the laws concerned. The public, however, recognizes the exhibition and education functions on plants of arboretum more importantly compared with the roles to survey, collect, and proliferate plants as regulated by the laws. In particular, arboretum plays a role to offer a pivotal educational place in urban area where the public can obtain an hands-on experience and understanding on a wide range of plant species and natural environment. The study aims to estimate the non market environmental values of Daegu Arboretum operated by Daegu Metropolitan City government by using the Contingent Valuation Methods (CVM), which yields the current monetary estimates for the arboretum. The value estimation was undertaken by using the Double-Bound Dichotomous Choice (DBDC) method, and each estimated value was derived from respective functions based on a logit distribution known to include relatively stable estimates according to the shape of the distribution. Considering the statistical fitness test results, the author estimated the amounts of the Willingness To Pay (WTP) such as mean WTP of 12,718 KRW, median WTP of 11,033 KRW, and truncated mean WTP of 11,468 KRW, which represented the annual recreational values per a person visiting Daegu Arboretum respectively. The analysis showed that Daegu Arboretum created the annual environmental values which were estimated to be approximately 16 to 19 billion KRW. The study also has an implication that the valuation method for the environment of Daegu Arboretum may be effectively applied for estimating the values of other types of environmental goods by altering the locations or goods to be analyzed.

Comparative Study on Monetary Estimates of Natural Environment and Cultural Relics in Gyeongju National Park (경주국립공원의 문화유적과 자연환경의 가치추정 비교연구)

  • Kang, Kee-Rae;Kim, Dong-Pil;Baek, Jae-Bong
    • Korean Journal of Environment and Ecology
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    • v.26 no.2
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    • pp.273-282
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    • 2012
  • This study has estimated Gyeongju National Park's natural environment and cultural relic value in the same way and then been performed to compare the size of the value. Representative method to measure environmental property is contingent valuation methods, CVM. The variables and estimated models adopted for the calculation were same and the respondents were asked by distinguishing between the amount which they would pay to preserve the natural environment and that which they were willing to pay to preserve the cultural relics. As the result, WTP(Willing to pay), the amount that they were willing to pay to preserve the natural environment of Gyeongju National Park was 17,838 won per person and that to preserve the cultural relics appeared to be 316,248 won per person. Based on this, it was estimated that the value of the natural environment with which Gyeongju National Park provided annual visitors was 47 billion won and that the annual value of the cultural relics was 845.7 billion. If the natural environment and the cultural relics value elements are united, it can be estimated that the natural environment and cultural relic value got at the time of people's first visit to Gyeongju National Park is 334,086 won and that the annual value is 893.4 billion won. In this study, the value of the cultural relics has been estimated 18 times higher than that of the natural environment. This reason was that visitors judged that a total of 66 cultural properties including 11 national treasures, 23 treasures, 13 historic places, one historic sites and scenic spot and 18 local cultural properties, etc. which were distributed in Gyeongju National Park were worth far more than the natural environment. Based on the result of this study, the operating management plan of Gyeongju National Park should include a differentiated operation strategy through consultation with relevant experts by taking into account characteristics of the physical components.