• The Journal of Asian Finance, Economics and Business
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• 제6권3호
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• pp.163-172
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• 2019

The paper aims to investigate the impact of the gap between domestic and international gold price on money demand in Vietnam, an emerging economy in the Asian region. We use a quarterly database collected from the first quarter of 2004 to the fourth quarter of 2016. The time-series database includes 52 observations. The money demand is represented by M2; Domestic income is the Gross domestic product at the constant prices of 1994; Inflation rate is calculated by the Customer Price Index from the General Statistics Office of Vietnam. The result confirms the existence of a long-term cointegration relationship between the money demand and the gap between domestic and international gold price as well as some variables including domestic income, inflation, and real exchange rate. The regression results also show that the gap between domestic and international gold price has a positive impact on money demand in the Vietnamese economy. Besides, the domestic income and international gold price have positive impacts on money demand while the inflation and real exchange rate are negatively related in the long run. This proves that the gap between the domestic and international gold price really has a positive impact on money demand in Vietnam during the study period.

• 한국환경과학회지
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• 제11권12호
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• pp.1275-1279
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• 2002

This study was performed to improve water demand estimation and analize correlation between generation of domestic sewage and domestic water use. To improve the prediction of water demand estimation, new water demand equation was developed. The results is as follows. $InQ_t = {\beta}_0+{\beta}_1InP_t+{\beta}_2InY_t+{\beta}_3InH_t+{varepsilon}_t$By using the statistical analysis of the "generation of domestic sewage" and "domestic water use", the regression equation between them is formed. The result is as follows. Generation of domestic sewage : 0.8487 $\times$ Domestic water use + 684.57 ($R^2$= 0.972)>$R^2$= 0.972)

• 한국유기농업학회지
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• 제30권2호
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• pp.231-239
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• 2022

The purpose of this study is to provide meaningful information for various stakeholders' decision-making process through forecasting of domestic beef demand. Three different exponential smoothing models were evaluated, and a double exponential smoothing model was used to forecast domestic beef demand based on time-series data, As a result of the forecast, domestic beef consumption is expected to increase by 37,000 to 40,000 tons per year from 2020 to 2025.

• 수산경영론집
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• 제54권2호
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• pp.31-44
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• 2023

This study examines the demand system of shrimp imported from top four countries and domestically produced by using AIDS (Almost Ideal Demand System) model. Top four import countries are Vietnam, Ecuador, China, and Malaysia based on the value of imports in 2021. As results of the analysis, the demand system of shrimp turn out to be below. First, the relationship of domestic shrimp and imported shrimp (Ecuadorian and Vietnamese) is identified as complements or substitutes depending on whether the income effect is considered. This result implies that imported shrimp supplements domestic supply against excess demand while homogeneous shrimp products competes with domestic shrimp in fish market. Second, the relationship among imported shrimps turned out to be both substitutes and complements. Especially, the Vietnamese shrimp is complementary with Chinese and Malaysian shrimp, but substitutes of Ecuadorian. It is assumed that adjoining Asian countries shares similar shrimp species and processing system which differentiates from Ecuadorian. Finally, the study included quarter as dummy variable and GDP as instrumental variable of expenditure in the model. The result confirmed that domestic shrimp is highly on demand during the main production season while imported shrimp is mainly demanded during the rest of the season.

• East Asian Economic Review
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• 제25권3호
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• pp.310-336
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• 2021

We use iterative numerical procedures combined with analytical methods due to Rapach and Wohar (2009) to solve for the dynamic asset allocation strategy for optimal portfolio demand. We compare different optimal portfolio demands when investors in each country have different access to overseas and domestic investment opportunities. The optimal dynamic asset allocation strategy without foreign investment opportunities leads domestic investors in Korea, Hong Kong, and Singapore to allocate more funds to domestic bonds than to domestic stocks. However, the U.S. investors allocate more wealth to domestic stocks than to domestic bonds. Investors in all countries short bills at a low level of risk aversion. Next, we investigate dynamic asset allocation strategy when domestic investors in Korea have access to foreign markets. The optimal portfolio demand leads investors in Korea to allocate most resources to domestic bonds and foreign stocks. On the other hand, the portfolio weights on foreign bonds and domestic stocks are relatively low. We also analyze dynamic asset allocation strategy for the investors in the U.S., Hong Kong, and Singapore when they have access to the Korean markets as overseas investment opportunities. Compared to the results when the investors only have access to domestic markets, the investors in the U.S. and Singapore increase the portfolio weights on domestic stocks in spite of the overseas investment opportunities in the Korean markets. The investors in the U.S., Hong Kong, and Singapore short domestic bills to invest more than initial funds in risky assets with a varying degree of relative risk aversion coefficients without exception.

• 한국항공운항학회지
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• 제20권1호
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• pp.66-75
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• 2012

The purpose of this study is to analyze the effect of intervention variables which may affect the air travel demand for Jeju domestic flights and to anticipate the air travel demand for Jeju domestic flights. The air travel demand forecasts for Jeju domestic flights are conducted through ARIMA-Intervention Model selecting five intervention variables such as 2002 World Cup games, SARS, novel swine-origin influenza A, Yeonpyeongdo bombardment and Japan big earthquake. The result revealed that the risk factor such as the threat of war that is a negative intervention incident and occurred in Korea has the negative impact on the air travel demand due to the response of risk aversion by users. However, when local natural disasters (earthquakes, etc) occurring in neighboring courtiers and global outbreak of an epidemic gave the negligible impact to Korea, negative intervention incident would have a positive impact on air travel demand as a response to find alternative due to rational expectation of air travel customers. Also we realize that a mega-event such as the 2002 Korea-Japan World Cup games reduced the air travel demand in a short-term period unlike the perception in which it will increase the air travel demand and travel demands in the corresponding area.

• 농촌지도와개발
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• 제30권1호
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• pp.43-52
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• 2023

This study aims to examine the effects of GDP as a proxy variable of income, consumer price index as a proxy variable of price, and foot-and-mouth disease and avian influenza as derby variables on rural tourism demand. The independent variables in this research were gross domestic product(GDP), consumer price index(CPI), and dummy variable(DM) such as food & mouth disease & highly pathogenic avian influenza. Results showed that GDP affected tourism demand positively whereas DM influenced negatively. The study suggested that it was important for policy-mconsider GDP and DM when making decision on strategic tourism management. In conclusion, first, gross domestic product was found to have a statistically significant effect on rural tourism demand. Second, avian influenza was found to have a statistically negative effect on rural tourism demand. The results of this study can be used to establish a reasonable rural tourism policy in the future economic dimension.

• East Asian Economic Review
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• 제19권4호
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• pp.381-408
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• 2015

This paper investigates a link between the significant decline in the growth of domestic demand and the dampened ripple effects from the export sector in Korea since the East Asian financial crisis. The dampened ripple effects are closely linked to the changed investment behaviors of the Korean large-sized exporting firms since the crisis: they do not invest in their export earnings any more to create new industries; they tend to use more foreign value added contents for their exports and to increase outward direct investment by actively participating in global value chains. The paper also examines a link between the growth of domestic demand and the growth of household disposable income and presents reasons for the decline in the growth of household disposable income since the East Asian financial crisis.

• 한국항공운항학회지
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• 제27권1호
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• pp.43-50
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• 2019

The aviation demand forecast field has been actively studied along with the recent growth of the aviation market. In this study, the demand for domestic passenger demand and freight demand was estimated through cross-validation method. As a result, passenger demand is influenced by private consumption growth rate, oil price, and exchange rate. Freight demand is affected by GDP per capita, private consumption growth rate, and oil price. In particular, passenger demand is characterized by temporary external shocks, and freight demand is more affected by economic variables than temporary shocks.

• 한국주거학회:학술대회논문집
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• 한국주거학회 2009년도 추계학술발표대회 논문집
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• pp.162-167
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• 2009

With the introduction of the ubiquitous technology, the housing culture centers of construction companies have demonstrated future housing image and technology. However, ubiquitous home services are technology oriented items. The purpose of this study was to identify u- services which were realized in domestic future housing and to compare those with services the residents needed greatly refer to researches related to demand for u-service. For this study, field studies were conducted with 3 domestic future housings and precedent studies on demand for u-service were analyzed according to the standard of residents' demand. The results of the study showed that residents prefer u-services for security and control of indoor environment for housework and leisure life. As a result, u-services which residents needed mainly did not correspond with those that were displayed in future housing.