• International Commerce and Information Review
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• v.14 no.3
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• pp.307-322
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• 2012

The purpose of this paper is to examine determinants of export to the East Asia region, using panel unit root, panel cointegration framework, panel VECM (vector error correction model), panel FMOLS (fully modified OLS). Different panel unit root tests confirm that the data series are integrated processes with unit roots. When applying cointegration tests to long-run effect for aggregate panel data, a primary concern is to construct the estimators in a way that does not constrain the transitional dynamics to be similar among different countries of the panel. The regression equations are estimated by various panel cointegration estimators. The panel data causality results reveal that exchange rates has unidirectional effects on export and GDP, and there exists bidirectional causality between export and GDP. Also, the results from the panel FMOLS tests overwhelmingly reject the null hypothesis of zero coefficient. The panel cointegrating vectors show that the export has positive relationship with the GDP and ODI (overseas direct investment).

• Fire Protection Technology
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• s.49
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• pp.6-9
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• 2010

• Fire Protection Technology
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• s.39
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• pp.47-55
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• 2005

• The Korean Journal of Financial Management
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• v.25 no.4
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• pp.183-212
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• 2008

The purpose of this paper is to analyze the efficiency change and determinants of the korean non-life insurance companies. we use DEA (Data Envelopment Analysis) model to measure company efficiency change and use GLS, Tobit model, FIixed effect model, Random effect model, GMM to measure efficiency determinants. we utilize ten non-life insurance companies in korea and the panel data for five from 2001 to 2005. The empirical results show the following findings. First, technical efficiency shows that approximately 15.5% of inefficiency exists on the non-life insurance companies and it reveals that the cause for technical inefficiency is due to scale inefficiency. Second, Dea Window results show that the stable dissimilarity by standard deviation, LDP of CCR. Third, the results of efficiency determinants show that increase efficiency is depend on the premium income and real estates.

• Proceedings of the KAIS Fall Conference
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• 2011.12a
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• pp.21-24
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• 2011

본 연구는 기업규모, 장부가치/시장가치 비율, 순이익/주가 비율, 현금흐름/주가 비율, 레버리지 등 기본적 변수를 사용하여 주식수익률에 유의적인 변수를 확인하고자 하였다. 이를 위해 본 연구에서는 횡단면 자료와 시계열 자료를 결합한 패널자료(panel data)를 이용하여 패널자료분석방법으로 연구모형을 실증적으로 분석하였다. 일반적으로 패널자료를 사용하면 Hsiao(2003)가 지적한 바와 같이 표본의 크기를 확대시켜 자유도를 증가시키고 이론적으로 설명변수간 다중공선성(muti-collinearity) 문제를 완화할 수 있다. 실증분석결과에 의하면 기업규모(SIZ), 장부가치/시장가치 비율(B/M), 순이익/주가 비율(E/P), 현금흐름/주가 비율(C/P) 등이 주식수익률의 횡단면적 차이를 설명할 수 있는 유의적인 변수라 할 수 있다.

• Journal of Navigation and Port Research
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• v.37 no.1
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• pp.1-7
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• 2013

In this paper the developed prediction technique of wave-making resistance performance for a ship attached with a vertical blade had been verified. Numerical analysis program as a prediction technique had been developed using the Rankine source panel method and the vortex lattice method(VLM). The nonlinearity of the free surface conditions was fully taken into account using the iterative method and the trim and the sinkage of the ship were also considered in the numerical analysis program. Panel cutting method was applied to get hull surface panels. Numerical computations were carried out for a 4000TEU container carrier and the vertical blade was attached 6 different locations astern. To investigate the validity of the numerical analysis program the commercial viscous flow field analysis program FLUENT was used to obtain the viscous flow field around the ship and the model test was performed. The model test results were compared with the numerical analysis results.

• The Journal of the Korea Contents Association
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• v.19 no.3
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• pp.457-465
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• 2019

The purpose of this study is to identify factors that affect the language development of infants. For the analysis, data of three years from the first year (2008) to the third year (2010) of the 'Panel Study on Korean Children (PSKC)' were constructed and panel analysis was conducted. The subjects were 2,150 infants who participated in the questionnaire, and the language development of the infants was measured using the communication scores of the K-ASQ test provided by the Korean children's panel. In addition, the factors influencing the language development of infants derived from previous studies were introduced into the model. As a result of the analysis, it is shown that the fixed effect model with fixed individual error of the panel is suitable through the Hausman test. The higher the cognitive development level of the infant, the more positive parenting behavior of the infant, respectively. The conclusions and suggestions about the characteristics of the parents and the parents affecting language development were introduced.

• International Area Studies Review
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• v.22 no.3
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• pp.67-84
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• 2018

The purpose of this paper is to investigate the Balassa-Samuelson effect that real exchange rate could deviate from its long-run equilibrium. To analyze this effect, I estimated the long-run relationship between real exchange and productivity using the dynamic panel ordinary least square(DOLS) and panel error correction model(ECM) after conducting the unit root and cointegration test. The results show that all variables except for the real exchange rate have the unit root. Then I conducted the cointegration test to find out whether there exist the stable long-run relationships. The results show that the variables are cointegrated and significant statistically. The DOLS and ECM methods are used to estimate the coefficient of the cointegrated variables. The major finding are that the estimates are statistically significant and that they show the same sign as the economic theory predicts.

• Environmental and Resource Economics Review
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• v.33 no.3
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• pp.241-261
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• 2024

This study analyzes the determinants of greenhouse gas emissions using data from 16 metropolitan municipalities in South Korea. The STIRPAT model, which probabilistically models environmental impacts, was employed for the analysis. Both homogeneous and heterogeneous panel analyses were utilized. Recognizing that results from homogeneous panel analysis could be distorted due to the characteristics of panel data, cross-sectional dependence and slope homogeneity tests were conducted. The tests indicated that it is appropriate to use estimates that consider cross-sectional dependence and reflect slope heterogeneity. Therefore, the results from heterogeneous panel analysis were presented as the main findings. The analysis identified income (per capita GRDP) and energy efficiency (energy intensity) as key determinants of greenhouse gas emissions. Conversely, population was found not to be a key factor, and the industrial structure of the regions (share of the service industry in value-added) was also identified as a potential determinant of greenhouse gas emissions. The hypothesis of the Environmental Kuznets Curve was not statistically significant, suggesting that improving energy efficiency, rather than income growth and economic development, would be the most effective policy tool for reducing greenhouse gases in each municipality.

• Journal of Korea Port Economic Association
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• v.35 no.1
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• pp.57-76
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• 2019

This study deals with the determinants of employment productivity of transportation labor, who are the main agents of the transportation industry that has made significant contributions to our country's industrial development. The study selected the determinants of employment productivity using the Korea Labor and Income Panel Study data, and analyzed the effects of various factors using panel logistic regression, panel OLS model, and panel robust regression. The results were as follows. First, a more positive effect was shown when employees held a regular job, had a "high level of education", "joining the labor union" and "experiencing vocational training". Second, in the case of job security, having a "high level of education" and "joining the labor union" showed a more positive effect; further, job security was higher for employees who worked in a "big company" or were "married". Third, in the case of higher income productivity, higher values of "age", "academic ability" and "company size" had a more positive effect, whereas larger values of "education" and "health condition except job training" had a negative one. Fourth, in the case of job satisfaction, "female", "joining the labor union" and having a higher "income" or "job security" led to higher satisfaction and a better "health condition compared to an average person". Further, a higher "overall life satisfaction" and "economic level" led to lower job satisfaction. The analysis of the determinants of employment productivity of transportation business and seeking for improvement plan is expected to improve the employment productivity in the transportation business.