• Korean Journal of Legislative Studies
• /
• v.23 no.2
• /
• pp.147-177
• /
• 2017

Although a number of empirical studies found that political ideology plays a significant role in Korean elections, they entirely rely on cross-sectional data analysis. In contrast to previous research, this study investigates the effects of ideology in the 2012 Korean presidential election through standard panel data analysis. Specifically, using "EAI Panel Study, 2012", the effects of ideology on both candidate evaluation and vote choice were examined via fixed effects, random effects, and pooled regression analysis. And the results from applying the two most popular models of ideological voting, the proximity model and the directional change model were also compared. The results show that candidate evaluations and vote choice during the election (April, 2012- December, 2012) were significantly influenced by the ideological difference between voters and candidates, independent from partisanship and other standard socio-demographic factors. And this ideological voting during the election seems better captured by the directional change model than by the proximity model.

• The Korean Journal of Applied Statistics
• /
• v.16 no.2
• /
• pp.351-364
• /
• 2003

This paper derives Lagrange multiplier tests based on Double-Length Artificial Regression and Outer-Product Gradient for testing linear and log-linear panel regressions against Box-Cox alternatives. The proposed DLR based LM tests are easy to implement in an error component model. From the Monte Carlo study, the DLR based LM tests are recommended for testing functiona forms.

• International Area Studies Review
• /
• v.15 no.2
• /
• pp.331-350
• /
• 2011

This paper analyzes balance of goods for a panel data of 56 industry classification in the MTI from 1980 to 2009. This study also develops the equilibrium adjustment process, which is a trade-off between the adjustment costs towards equilibrium costs for balance of goods and the cost of being in disequilibrium. In this framework, the GMM estimation procedure is used to estimate this dynamic panel model consistently. It is found that equilibrium balances of goods in Korean adjust to the speed is very slow to 0.0389. because of this is necessary to adjust the equilibrium goods balance as the cost of goods balance deficit is larger than by the cost. In addition, the real income elasticity for goods balance of resin in Japan and Korea, the real income elasticity 4.38168 and -0.835225, respectively, the marks were consistent with economic theory. The exchange rate elasticity of goods balance in japan to 0.478435 were found in the inelastic.

• The Journal of the Korea Contents Association
• /
• v.15 no.7
• /
• pp.428-435
• /
• 2015

When I examined the corporate financing statistics in Korea, I have recognized that there are several trends of them. First, large enterprises use bank loan and direct financing like corporate bond as debt. Second, small and medium companies mainly use bank loan only. So I argue that there is sample selection bias in corporate debt choice and using sample selection methodology is more adequate when analysing the behavior in corporate debt choice. Therefore I have tested panel sample selection model, using the listed korean firm data from 1990 to 2013 and I have found that the panel sample selection model is appropriate.

• Proceedings of the Korean Operations and Management Science Society Conference
• /
• 1993.04a
• /
• pp.424-436
• /
• 1993

패널내 추계적 성분들의 공분산 관계(variance-covariance structure)를 이용한 ML 추정법을 항상소득가설(PIH)의 검증에 적용하였다. Hall & Mishkin의 모형을 기초로 분기별 이분산성(heteroscedasticity)을 고려한 모형의 추정결과 전체 소비변동 중 약 11%가 과도민감성에 의한 것으로 나타났다.

• The Korean Journal of Applied Statistics
• /
• v.26 no.3
• /
• pp.521-529
• /
• 2013

The acceptance of the test of the homogeneity for panel time series models allows for the pooling of the series to achieve parsimony. In this paper, we introduce a panel bilinear time series model as well as derive the stationary condition and the limiting distribution of the test statistic of the homogeneity test for the model. For the applications study, we use Korea Mumps data from January 2001 to December 2008. Finally, we perform test of homogeneity for the panel data with 8 independent bilinear time series.

• The Korean Journal of Applied Statistics
• /
• v.19 no.3
• /
• pp.521-534
• /
• 2006

This paper considers a panel regression model with ill-posed data and proposes the generalized maximum entropy(GME) estimator of the unknown parameters. These are natural extensions from the biometries, statistics and econometrics literature. The performance of this estimator is investigated by using of Monte Carlo experiments. The results indicate that the GME method performs the best in estimating the unknown parameters.

• Journal of the Korean Data and Information Science Society
• /
• v.24 no.6
• /
• pp.1409-1419
• /
• 2013

We analyzed the data from KYPS using the latent growth model which has been widely studied as an analysis method of longitudinal data. In this study, we applied repeated measures ANOVA to unconditional model in order for faster decision of the unconditional model of the latent growth model. Also, we compared the six-type models, the quadratic model and the model of which repeated measures ANOVA is applied.

• International Area Studies Review
• /
• v.21 no.4
• /
• pp.19-39
• /
• 2017

The purpose of this paper is to investigate the impact of terms of trade and its volatility on real GDP and inflation. I estimate the linear and dynamic panel model including variables such as real GDP, inflation, terms of trade, capital stock, employment and education. The sample countries consist of OECD 26 countries and panel data ranges from 1990 to 2015. The empirical results show that terms of trade and its volatility do not affect the real GDP significantly. Even if the terms of trade has a negative relationship with real GDP, the magnitude of the estimated coefficients was very small. This result seems to be related with the industry structure and domestic demand structure of the member countries. On the other hand, terms of trade and its volatility have the significant impact on inflation. When the terms of trade and its volatility increase, the inflation increases.

• The Korean Journal of Applied Statistics
• /
• v.19 no.3
• /
• pp.461-479
• /
• 2006

This paper derives joint and conditional Lagrange multiplier tests based on Double-Length Artificial Regression(DLR) for testing functional form and/or the presence of individual(time) effect in a panel regression model. Small sample properties of these tests are assessed by Monte Carlo study, and comparisons are made with LM tests based on Outer Product Gradient(OPG). The results show that the proposed DLR based LM tests have the most appropriate finite sample performance.