• Journal of Contemporary Eastern Asia
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• 제20권2호
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• pp.157-173
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• 2021

In the transition to a multipolar international system, the literature has focused on great power competition while little attention has been given to the strategic possibilities of smaller states. However, as a result of globalization, states are so closely interconnected that the primary strategies of even major powers are not to achieve zero-sum solutions but to create asymmetric dependency through which they can influence the behavior of other states and non-state actors. States are assisted in this effort by a variety of tools, including setting up institutions, direct economic influence and through building different forms of infrastructure connectivity networks. By discussing asymmetric dependency situations from the perspective of the great powers, the literature presents smaller states primarily as passive actors, paralyzed by their dependence on great powers. Our paper argues that interdependence allows smaller states to effectively influence larger actors and examines strategies from which smaller states can choose in order to influence the behavior of larger states. Despite an extremely asymmetric relationship between Myanmar and China, actors in Myanmar have sought to influence China's Myanmar policy. We examine a case study of the Myitsone Dam, including Myanmar's strategic aims, chosen strategy and limitations in maneuvering space. Semi-structured interviews with local decision-makers and stakeholders are conducted in order to portray the full picture. Our study concludes that further research on the influencing strategies of small states in response to asymmetric dependence can contribute to a better understanding of the interdependence of states.

• Journal of Korea Trade
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• 제24권3호
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• pp.37-54
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• 2020

Purpose - This study is to investigate the determinants of suppliers' dependence on buyers in the home country by developing a theoretical model of innovative activities. The high dependence of auto parts suppliers on a single local buyer in South Korea due to firm ownership issues and incremental innovation is examined using data from a set of organizations that supply intermediate goods to this automotive manufacturer. Furthermore, we tested the moderating effect of FDI and global knowledge sourcing on the relationship between firm ownership and suppliers' dependence on the local buyer. Design/methodology - To test the hypotheses, we examined a sample of 101 suppliers over 10 years in the Korean automobile parts industry. In this empirical analysis, we utilized a fixed-effects generalized least squares model using panel data. Findings - In this study, domestic firms (automobile parts suppliers) were more dependent on a single local buyer (automobile assembler) than foreign-owned suppliers operating in Korea. In addition, incremental innovation was the mediating mechanism between domestic firms and dependence on the local buyer. To reduce this dependence on the buyer, we suggest two different international strategies: geographical diversification through FDI and global knowledge sourcing. Originality/value - Previous studies showed that asymmetric dependence between firms has many adverse effects. This study proved that domestic and foreign-owned suppliers have different levels of dependence on local buyers due to their heterogeneous characteristics and business strategies. We distinguish two different types of innovation - radical innovation and incremental innovation - that previous studies have often treated as equal when it comes to firm autonomy. Finally, we propose that both FDI and international knowledge sourcing as global strategies to weaken suppliers' asymmetric dependence on a single buyer.

• Communications for Statistical Applications and Methods
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• 제25권2호
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• pp.217-234
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• 2018

Copulas are a tool for constructing multivariate distributions and formalizing the dependence structure between random variables. From copula literature review, there are a few asymmetric copulas available so far while data collected from the real world often exhibit asymmetric nature. This necessitates developing asymmetric copulas. In this study, we discuss a method to construct a new class of bivariate asymmetric copulas based on products of symmetric (sometimes asymmetric) copulas with powered arguments in order to determine if the proposed construction can offer an added value for modeling asymmetric bivariate data. With these newly constructed copulas, we investigate dependence properties and measure of association between random variables. In addition, the test of symmetry of data and the estimation of hyper-parameters by the maximum likelihood method are discussed. With two real example such as car rental data and economic indicators data, we perform the goodness-of-fit test of our proposed asymmetric copulas. For these data, some of the proposed models turned out to be successful whereas the existing copulas were mostly unsuccessful. The method of presented here can be useful in fields such as finance, climate and social science.

• 자원ㆍ환경경제연구
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• 제29권2호
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• pp.145-170
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• 2020

본 연구는 에너지(석유, 천연가스, 석탄) 가격과 경제적(실물 및 금융) 불확실성 사이의 의존성 구조를 분석하였다. Copula 모형을 이용해 얻은 의존구조 분석 결과를 요약하면 다음과 같다. 첫째, 에너지 가격과 실물·금융 불확실성 조합의 적합한 모형을 살펴보면, 원유가격과 실물·금융 불확실성 조합은 BB7 copula 모형, 천연가스 가격과 실물·금융 불확실성 조합은 Joe copula 모형, 석탄 가격과 실물·금융 불확실성 조합은 Clayton copula 모형이 각각 가장 적합한 모형으로 선정되었다. 둘째, 전체적인 의존성 구조를 살펴보면, 원유가격, 천연가스 가격, 석탄 가격과 실물 불확실성은 양(+)의 의존성을 보였다. 그렇지만 금융 불확실성과 원유가격은 양(+)의 의존성을 갖지만, 천연가스 가격과 석탄 가격은 금융 불확성과 음(-)의 의존성을 가지는 것으로 나타났다. 전체적으로 보면, 에너지원 중 원유가격이 실물·금융 불확실성과 가장 높은 의존성을 가지는 것으로 나타났다. 셋째, 극단적인 사건을 나타내는 꼬리 의존성을 분석한 결과, 실물 불확실성과 원유, 천연가스 가격은 위 꼬리 의존성만 보이는 비대칭 관계를 가지는 것으로 나타났으며, 금융 불확실성과 원유가격은 위 꼬리 의존성만 보이는 비대칭 관계를 가지는 것으로 나타났다. 즉, 비대칭 관계를 갖는 에너지 가격은 부정적인 극단사건이 발생하는 경우 불확실성 변수와 강한 의존관계가 있는 것으로 나타났다. 반면, 경제적 불확실성과 석탄 가격은 꼬리 의존성이 없는 것으로 나타났다.

• 한국자기학회:학술대회 개요집
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• 한국자기학회 1994년도 춘계연구발표회 논문개요집
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• pp.38-39
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• 1994

• 한국자기학회지
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• 제21권2호
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• pp.52-55
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• 2011

스핀전달토크는 나노구조에서 자성상태를 제어하는데 유용한 수단이다. 자기터널접합에서 스핀전달토크는 자성물질층의 자화가 이루는 평면에 평행한 성분과 수직인 성분으로 나눌 수 있다. 이중 평행한 성분의 스핀전달토크의 성질은 상당히 잘 알려져 있으나, 수직인 성분의 스핀전달토크의 성질에 대해서는 여전히 이견이 많다. 비대칭 자기터널접합에서의 최근 실험에서, 수직전달토크의 전압 의존성이 전압의 이차항 성분뿐만 아니라 일차항 성분도 가짐을 보고하였다. 하지만 물질 변수에 대한 의존성은 여전히 잘 알려지지 않았다. 이 논문에서는 비대칭 자기터널접합에서의 스핀전달토크의 전압의존성을, 강자성층의 스핀 갈라짐 에너지와 일함수의 차이, 그리고 페르미 에너지를 변화시켜 가면서 체계적인 조사를 하였다.

• Communications for Statistical Applications and Methods
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• 제21권4호
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• pp.335-347
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• 2014

This paper employs dynamic conditional correlation (DCC) model to examine time-varying comovement in the Korean stock market with a focus on the financial industry. Analyzing the daily returns of KOSPI 200 eight sector indices from January 2008 to December 2013, we find that stock market correlations significantly increased during the GFC period. The Financial Sector had the highest correlation between the Constructions-Machinery Sector; however, the Consumer Discretionary and Consumer Staples sectors indicated a relatively lower correlation between the Financial Sector. In terms of model fitting, the DCC with t distribution model concludes as the best among the four alternatives based on BIC, and the estimated shape parameter of t distribution is less than 10, implicating a strong tail dependence between the sectors. We report little asymmetric effect in correlation dynamics between sectors; however, we find strong asymmetric effect in volatility dynamics for each sector return.

• Communications for Statistical Applications and Methods
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• 제21권5호
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• pp.445-459
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• 2014

This paper investigates the dependence structure of Korean financial markets (stock, foreign exchange (FX) rates and bond) using copula-GARCH and dynamic conditional correlation (DCC) models. We examine GJR-GARCH with skewed elliptical distributions and four copulas (Gaussian, Student's t, Clayton and Gumbel) to model dependence among returns, and then employ DCC model to describe system-wide correlation dynamics. We analyze the daily returns of KOSPI, FX (WON/USD) and KRX bond index (Gross Price Index) from $2^{nd}$ May 2006 to $30^{th}$ June 2014 with 2,063 observations. Empirical result shows that there is significant asymmetry and fat-tail of individual return, and strong tail-dependence among returns, especially between KOSPI and FX returns, during the 2008 Global Financial Crisis period. Focused only on recent 30 months, we find that the correlation between stock and bond markets shows dramatic increase, and system-wide correlation wanders around zero, which possibly indicates market tranquility from a systemic perspective.

• 한국진공학회:학술대회논문집
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• 한국진공학회 2010년도 제39회 하계학술대회 초록집
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• pp.234-234
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• 2010

The PR transitions in asymmetric dot-in-double-quantum-well (DdWELL) photodetector is identified by bias-dependent spectral behaviors. Discrete n-i-n infrared photodetectors were fabricated on a 30-period asymmetric InAs-QD/[InGaAs/GaAs]/AlGaAs DdWELL wafer that was prepared by MBE technique. A 2.0-monolayer (ML) InAs QD ensemble was embedded in upper combined well of InGaAs/GaAs and each stack is separated by a 50-nm AlGaAs barrier. Each pixel has circular aperture of 300 um in diameter, and the mesa cell ($410{\times}410\;{\mu}m^2$) was defined by shallow etching. PR measurements were performed in the spectral range of $3{\sim}13\;{\mu}m$ (~ 100-400 meV) by using a Fourier-transform infrared (FTIR) spectrometer and a low-noise preamplifier. The asymmetric photodetector exhibits unique transition behaviors that near-/far-infrared (NIR/FIR) photoresponse (PR) bands are blue/red shifted by the electric field, contrasted to mid-infrared (MIR) with no dependence. In addition, the MIR-FIR dual-band spectra change into single-band feature by the polarity. A four-level energy band model is proposed for the transition scheme, and the field dependence of FIR bands numerically calculated by a simplified DdWELL structure is in good agreement with that of the PR spectra. The wavelength shift by the field strength and the spectral change by the polarity are discussed on the basis of four-level transition.

• 한국전문물리치료학회지
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• 제19권3호
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• pp.40-50
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• 2012

The purpose of this study was to investigate the effect of visual feedback on the postural control of stroke patients, by systematically varying conditions of visual feedback [eye-open condition (EO) vs. eye-closed condition (EC)], and base-support (both-side support, affected-side support, and unaffected-side support). In this study, we allocated 41 stroke patients with no damage in the cerebellum and visual cortex who can walk at least 10 meters independently, and 35 normal adults who have no experience of stroke to the control group. Both groups were asked to perform a "sit-to-stand" task three to five times, and their postural control ability was measured and compared in terms of asymmetric dependence (AD) instead of the traditional symmetric index (SI) in the literature. The results showed that although both subject groups maintained better postural control in the EO condition than in the EC condition, the patient group appeared to be more stable in EC than in EO when they were required to perform the task of the support condition given on the affected side. These results implied that visual feedback can impair stroke patients' postural control when it is combined with a specific support condition.