• 제목/요약/키워드: Dynamic panel data

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철도정거장 주변 PC 콘크리트 급속 시공 적용을 위한 PC 콘크리트 구조물 연결 방법 및 손상 정도에 따른 PC 구조물 정적/동적 응답에 대한 실험적 연구 (A Test Study on the Static/Dynamic Response of PC Structures According to the Connection Method and Damage Degree of PC Concrete Structures for Rapid Application of PC Concrete Construction Around Railway Stations)

  • 박창진;정한중;박용걸
    • 한국구조물진단유지관리공학회 논문집
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    • 제24권5호
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    • pp.53-60
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    • 2020
  • 본 연구에서는 현장 타설 콘크리트 공법과 같이 연속성을 가질 수 있는 스마트 프리캐스트 일체화 기술을 철도 정거장 토목/건축 구조물 적용성에 구조물의 실제 현장에서 이루어지는 방법과 동일하게 설치 후 철도 기준에 준하는 설계 후 정적/동적 거동 해석을 통해서 최적단면을 도출하며, 기존 동적 센서와 3축 가속도측정 센서를 부착하여 프리캐스트 구조물의 손상 정도에 따른 mode 해석을 비교하여, 프리캐스트 구조물의 안정성에 대한 데이터와 철도 연변에서의 불확실성에 대한 개선과 향후 프리캐스트 구조물의 교체 시기, 손상 위치 등에 대한 기초자료로 활용하기 위함이다.

패널모형을 이용한 교역조건과 변동성의 영향 분석 (The Study of the Effect of Terms of Trade and its Volatility Using the Panel Model)

  • 최용재
    • 국제지역연구
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    • 제21권4호
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    • pp.19-39
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    • 2017
  • 본 연구는 교역조건 수준과 변동성이 실질 GDP 및 인플레이션에 미치는 영향을 분석하기 위해 OECD 26개국을 대상으로 1990년부터 2015년까지 실질 GDP, 인플레이션, 교역조건 등의 자료를 이용해 선형패널 및 동태패널모형을 설정하여 추정하였다. 분석결과 교역조건 수준과 변동성은 실질 GDP에 거의 영향을 미치지 않거나 통계적으로 유의하게 음(-)의 영향을 미치더라도 크기는 매우 작아 무시할 정도였다. 반면 교역조건 수준과 변동성은 모든 모형에서 동일한 결과를 얻은 것은 아니지만 대체로 인플레이션에 양(+)의 영향을 미치는 것으로 분석되었다. 교역수준의 상승은 경상수지 흑자 또는 구매력을 상승시켜 총수요 증가를 통해 인플레이션을 야기하고 교역조건 변동성의 상승은 경제 내 불확실성을 확대시켜 불완전경쟁에 직면한 기업들로 하여금 현재 가격을 인상하도록 하여 인플레이션을 야기하는 것으로 판단된다.

Static or Dynamic Capital Structure Policy Behavior: Empirical Evidence from Indonesia

  • UTAMI, Elok Sri;GUMANTI, Tatang Ary;SUBROTO, Bambang;KHASANAH, Umrotul
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.71-79
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    • 2021
  • This study investigates the capital structure policy among Indonesian public companies. Previous studies suggest that capital structure policy could follow either static or dynamic behavior. The sample data used in this study was companies in the manufacturing sector, divided into three sub-sectors: the basic and chemical industry, miscellaneous industry, and the consumer goods industry. This study uses panel data from 2010 to 2018, with the Generalized Least Square (GLS) method and compared whether the fixed effect model is better than the common effect model. The results show that the dynamic and non-linear model tests can explain the capital structure determinants than the static and linear models. The dynamic model shows that the capital structure of a certain year is influenced by the capital structure of the previous year. The findings indicate that the company performs some adjustments in its capital structure policy by referring to the previous debt ratio, which implies support to the trade-off theory (TOT). The study also shows that profitability, tangible assets, size, and age explain the variation of capital structure policy. The patterns on the dynamic and non-linear confirm that capital structure runs in a nonlinear pattern, based on the sector, company condition, and the dynamic environment.

정부의 자녀양육 보조금이 기혼여성의 노동시장 참여에 미치는 영향 : 패널분석 방법을 이용하여 (The Effect of Governmental Financial Support of Child Care on Married Women's Labour Force Participation : A Panel Data Analysis)

  • 한영선
    • 가정과삶의질연구
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    • 제32권6호
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    • pp.89-107
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    • 2014
  • This study analyzes how governmental financial support of child care affects the participation of married women in the labor market in Korea. This dynamic analysis used data gathered over four years via the fifth to the eighth Korea Welfare Panel Studies (KWPS). The major results are as follows. First, child care allowance has a negative effect on the participation of married women in the labour market. Providing cash for child care seems to decrease women's labour market participation by cementing the role of women as the primary child care providers in the household. Second, the support for families, used by child care facilities, is found to increase the probability of married women working either part-time or full-time, thereby decreasing the burden on household budgets caused by child care costs. In conclusion, governmental policy-based child care benefits, used by child care centers, should be continued so that married women may participate in the labour market while raising their children.

Human Development Convergence and the Impact of Funds Transfer to Regions: A Dynamic Panel Data Approach

  • GINANJAR, Rah Adi Fahmi;ZAHARA, Vadilla Mutia;SUCI, Stannia Cahaya;SUHENDRA, Indra
    • The Journal of Asian Finance, Economics and Business
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    • 제7권12호
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    • pp.593-604
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    • 2020
  • This study analyzes human development convergence and the impact of funds transfer to the regions using σ and β-convergence analysis method. Observations were made in all Indonesia's provinces in the period 2010-2019. The coefficient of variation calculation shows a dispersion in the inequality of human development, which means that convergence occurred. This is also documented by the clustering analysis results developed in the study. The results are in line with the hypothesis of neoclassical theory, which shows the tendency for provinces with lower human development levels to grow relatively faster. The dynamic panel data approach with the GMM model shows that a model built with explanatory variables for transfer of funds to regions may lead to the process of convergence of human development - 2.21% per year or 31 years to cover the half-life of convergence. This is a consequence of the Special Allocation Fund and the Village Fund, which positively impact the convergence process, and the General Allocation Fund and the Revenue Sharing Fund with negative signs slowing the convergence process. This evidence opens opportunities to review the justification of the weighting component in determining the amount of funds transferred to the region to accelerate the convergence process of human development.

Dynamic Elasticities Between Financial Performance and Determinants of Mining and Extractive Companies in Jordan

  • Yusop, Nora Yusma;Alhyari, Jad Alkareem;Bekhet, Hussain Ali
    • The Journal of Asian Finance, Economics and Business
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    • 제8권7호
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    • pp.433-446
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    • 2021
  • This study aims to identify the elasticities and casualties of financial performance and determinants of the mining and extractive companies listed in Jordan's stock market over the 2005-2018 period. The conceptual framework is based on the Resource-Based View theory and Arbitrage Pricing theory is used to describe the relationship between the external environment and the financial performance of the companies. Profitability ratio (return on assets) is utilized as a proxy of financial performance measurement. Meantime, the company's characteristics, macroeconomic variables, and non-economic factors are utilized as independent factors. Data sources are panel data set for mining and extractive companies over the above period. Fully Modified Ordinary Least Square (FMOLS), Dynamic Ordinary Least Squares (DOLS), and Pooled Mean Group (PMG) methods are applied. The empirical findings indicated that company size, sales growth, financial leverage, liquidity, and GDP growth were the critical determinants of mining and extractive companies' financial performance in the Amman Stock Exchange. Thus, the findings conclude that company characteristics and GDP growth mainly drive financial performance. Moreover, the findings reveal that a bidirectional causal elasticity exists between GDP and financial leverage and return on assets (ROA). Sound financial performance can be obtained by paying more attention to GDP growth and firms' characteristics.

Determinants of Economic Growth in Indonesia: A Dynamic Panel Model

  • BASUKI, Agus Tri;PURWANINGSIH, Yunastiti;SOESILO, Albertus Maqnus;MULYANTO, Mulyanto
    • The Journal of Asian Finance, Economics and Business
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    • 제7권11호
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    • pp.147-156
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    • 2020
  • This study aims to analyze the effect of public spending, macroeconomic variables, and BPK opinion on economic growth. This study is motivated by the inequality of fiscal policy effectiveness between regions in Indonesia in influencing the economic growth of different regions, the ability of local governments to attract foreign investors, and the transparency of regional financial management in designing development programs to encourage regional economic growth. The analytical tool in this study is a dynamic panel regression model with data from 2008 to 2017. The results of this study show that, in the short term, the population affects regional economic growth, while in the long term, the economic growth is affected by the number of people, the poor, General Allocation Fund, health budget, foreign investment and BPK opinion. The findings of this study are that in the long term the General Allocation Fund becomes an obstacle to economic growth, this is because the general allocation funds is widely used to cover the lack of funds for routine regional activities, thereby reducing activities for development programs. Another research finding is that fiscal policies carried out by local governments make a small and ineffective contribution to promoting economic growth.

주파수영역 3차원 패널법을 이용한 항공기의 비정상 공력해석 (Unsteady Aerodynimic Analysis of an Aircraft Using a Frequency Domain 3-D Panel Method)

  • 김창희;조진수;염찬홍
    • 대한기계학회논문집
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    • 제18권7호
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    • pp.1808-1817
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    • 1994
  • Unsteady aerodynamic analysis of an aircraft is done using a frequency domian 3-D panel method. The method is based on an unsteady linear compressible lifting surface theory. The lifting surface is placed in a flight patch, and angle of attack and camber effects are implemented in upwash. Fuselage effects are not considered. The unsteady solutions of the code are validated by comparing with the solutions of a hybrid doublet lattice-doublet point method and a doublet point method for various wing configurations at subsonic and supersonic flow conditions. The calculated results of dynamic stability derivatives for aircraft are shown without comparision due to lack of available measured data or calculated results.

Modified Split Panel Method Applied to the Analysis of Cavitating Propellers

  • Pyo, S.W.;Suh, J.C.
    • Journal of Ship and Ocean Technology
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    • 제4권2호
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    • pp.13-23
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    • 2000
  • A low-order potential based boundary element method is applied to the prediction of the flow around the cavitating propeller in steady or in unsteady inflow. For given cavitation number, the cavity shape is determined in an iterative manner until the kinematic and the dynamic boundary conditions are both satisfied on the approximate cavity boundary. In order to improve the solution behavior near the tip region, a hyperboloidal panel geometry and a modified split panel method are applied. The method is then extended to include the analysis of time-varying cavitating flows around the propeller blades via a time-step algorithm in time domain. In the method, the steady state oscillatory solution is obtained by incremental stepping in the itme domain. Finally, the present method is validated through comparison with other numerical results and experimental data.

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Investigation on low velocity impact on a foam core composite sandwich panel

  • Xie, Zonghong;Yan, Qun;Li, Xiang
    • Steel and Composite Structures
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    • 제17권2호
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    • pp.159-172
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    • 2014
  • A finite element model with the consideration of damage initiation and evolution has been developed for the analysis of the dynamic response of a composite sandwich panel subject to low velocity impact. Typical damage modes including fiber breakage, matrix crushing and cracking, delamination and core crushing are considered in this model. Strain-based Hashin failure criteria with stiffness degradation mechanism are used in predicting the initiation and evolution of intra-laminar damage modes by self-developed VUMAT subroutine. Zero-thickness cohesive elements are adopted along the interface regions between the facesheets and the foam core to simulate the initiation and propagation of delamination. A crushable foam core model with volumetric hardening rule is used to simulate the mechanical behavior of foam core material at the plastic state. The time history curves of contact force and the core collapse area are obtained. They all show a good correlation with the experimental data.