• Title/Summary/Keyword: Econometric

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A Meta Analysis on International Trade Transportation and Logistics of Korea Trade Review between 1975 and 2020 (무역학회지 메타 분석-운송 및 물류 분야)

  • Jae-Wook Lim
    • Korea Trade Review
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    • v.46 no.1
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    • pp.191-210
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    • 2021
  • This study is following the study of "A Meta Analysis on International Trade Transportation and Logistics" published in Korea Trade Review(KTR) in 2014 and adding additional analysis for articles published in journals of international trade transportation and logistics. Studying issues of KTR are moving from transportation to logistics after 2014 and it is similar with the other international journals. The ratio of the thems of 'Economic, Policy, Regional, Technical, General Enterprise Management' in KTR is 36%, while 57.36% of IJLM and 61.88% of JBL. Main theme in the field of international transportation and logistics is Supply Chain Management(SCM). After the former study, in the viewpoint of research methods, quantitative researches are increased while their portion is still low compare to International Journal of Logistics Management(IJLM) and Journal of Business Logistics (JBL). Especially econometric research method is highly adopted in the international journals compare to KTR. Number of authors of KTR is less than IJLM and JBL, because the collaboration between researchers is needed when they publish articles in the international journals like IJLM and JBL.

The Study on Retirement Age Adjustment Reflecting Possible Workability of Elderly Population

  • Jonghoon Park;Hyewon Shin
    • Asian Journal of Innovation and Policy
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    • v.12 no.3
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    • pp.363-382
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    • 2023
  • This study aims to discern the determinants influencing the perception of workability among the elderly population and delineate an appropriate retirement age within the labor market context. Employing binary logistic regression, this research utilizes data from the Korea Welfare Panel Study (2008, 2012, 2016, and 2020) provided by the Korea Institute for Health and Social Welfare. The findings indicate that key factors shaping the elderly's perception of workability encompass familial responsibilities (household and marital status) and their levels of physical and mental well-being. Econometric analysis suggests an anticipated retirement age for the elderly population ranging between 67 and 69 years. In addressing labor market demands and informing policymakers, the study proposes deliberations on extending the retirement age for individuals aged 60 to 65. This range serves as a compromise between the identified retirement age of 67 to 69 and the current average retirement age for elderly labor market participants. Bridging the disparity between the perceived workability age and the prevailing labor market baseline is crucial for achieving social consensus. Therefore, any extension of the retirement age should carefully consider both the demand and supply perspectives within the labor market. The study's contribution lies in two main aspects: firstly, presenting a retirement age framework for the labor market that integrates the workability of the elderly population, and secondly, providing evidence-based research outcomes to guide informed labor policies.

How Long Will Your Videos Remain Popular? Empirical Study with Deep Learning and Survival Analysis

  • Min Gyeong Choi;Jae Hong Park
    • Asia pacific journal of information systems
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    • v.33 no.2
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    • pp.282-297
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    • 2023
  • One of the emerging trends in the marketing field is digital video marketing. Online videos offer rich content typically containing more information than any other type of content (e.g., audible or textual content). Accordingly, previous researchers have examined factors influencing videos' popularity. However, few studies have examined what causes a video to remain popular. Some videos achieve continuous, ongoing popularity, while others fade out quickly. For practitioners, videos at the recommendation slots may serve as strong communication channels, as many potential consumers are exposed to such videos. So,this study will provide practitioners important advice regarding how to choose videos that will survive as long-lasting favorites, allowing them to advertise in a cost-effective manner. Using deep learning techniques, this study extracts text from videos and measured the videos' tones, including factual and emotional tones. Additionally, we measure the aesthetic score by analyzing the thumbnail images in the data. We then empirically show that the cognitive features of a video, such as the tone of a message and the aesthetic assessment of a thumbnail image, play an important role in determining videos' long-term popularity. We believe that this is the first study of its kind to examine new factors that aid in ensuring a video remains popular using both deep learning and econometric methodologies.

Impact of Energy Consumption, FDI and Trade Openness on Carbon Emissions in lvory Coast

  • Ange Aurore KADI;Liang LI;David Dauda LANSANA;Joseph FUSEINI
    • Asian Journal of Business Environment
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    • v.14 no.3
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    • pp.23-35
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    • 2024
  • Purpose: The study focuses on the impact of Foreign Direct Investment (FDI), trade openness, and energy consumption on carbon dioxide emissions in the Ivory Coast. It aims to quantitatively evaluate the effects of FDI, energy consumption, and trade openness on CO2 emissions in Ivory Coast. Research design, data, and methodology: The research uses an econometric framework and the Autoregressive Distributed Lag (ARDL) model to analyze time-series data from 1980 to 2021 between these factors. Results: The analysis revealed that FDI significantly impacts the carbon dioxide emissions, FDI showed a negative impact on carbon emissions in the long-run equilibrium term. Also, energy consumption impacted CO2 emissions in the long-run equilibrium term. Conclusion: To mitigate the upsurge of CO2 emissions in the Ivorian context, concrete policy, including enactment and adherence to strict environmental regulations, adoption and prioritization of eco-friendly products and technologies, and investment in renewable energy infrastructure are recommended. The study contributes to the global discussion on sustainable development by offering a model for similar assessments in other emerging nations facing simultaneous economic growth and environmental conservation challenges.

The Spatial Pattern and Structure of Industrial Agglomerations in Korea : Towards a Regional Innovation System (우리나라 산업집적의 공간적 패턴과 구조 분석 -한국형 지역혁신체제 구축의 시사점 -)

  • Jeong Jun-Ho;Kim Sun-Bae
    • Journal of the Economic Geographical Society of Korea
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    • v.8 no.1
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    • pp.17-29
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    • 2005
  • This study has attempted to analyze the spatial structure of industrial agglomerations with elaborated spatial econometric techniques. First of all, spatial patterns and structures of industrial agglomerations in Korea show a multi-polar spatial pattern of industrial agglomeration, Major industries from industrial agglomerations in the Seoul Metropolitan Area, part of the Chungcheong Area and Dongnam Area. Second, as some industrial agglomerations show an agglomerative pattern beyond a regionally based-administrative jurisdiction, the effects of agglomeration seem to be produced across regionally based-administrative jurisdictions. Finally, it can be considered that industrial agglomerations have generally been produced by spatial divisions of labor in which the functions of conception and execution are separated from each other. According to this results, in designing regional innovation systems, their spatial coverage should draw upon an extended region with a few adjacent provinces, and there is a need to form networked clusters in order to sufficiently capitalize upon the spatial spillovers of agglomerations.

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A Study on Price Elasticities of mobile telephone Demand in Korea (국내 이동전화 통화수요의 요금탄력성 추정에 관한 연구)

  • Jeong, Woo-Soo;Cho, Byung-Sun
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.32 no.6B
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    • pp.390-401
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    • 2007
  • This paper is to estimate and analyze the price elasticities of demand for mobile calls. We used the data for the period from January 2000 to December 2005 on a monthly basis. Data used are call minutes to mobile-originating(ML+MM), tariff for dispatch of fixed and mobile calls($P_L,P_M$), income(Y), and subscriber for mobile(N). In order to provide robust estimates of price elasticities, we have used two different econometric models. One is a Dynamic model which includes a lagged dependent variable and so can differentiate between long-un and short-run price elasticities using the Generalized Method of Moments(GMM). The other is a Box-Cox transformation model which is one of the most useful methods. Box-Cox transformation model shows that elasticity changes with the lapse of time. The results are as follow : Not including the price indices for land-originating, the estimate is overestimated otherwise. In Box-Cox transformation case, price elasticity had been steadily declining. And this result shows that mobile services had been changed necessities increasingly in Korea.

A Measurement on the Economic Impact of Tax-free Oil for Agriculture (농업용 면세유의 경제적 파급영향 계측)

  • Kim, Bae-Sung;Kim, Yean-Jung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.1
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    • pp.249-255
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    • 2014
  • This paper deals with measurement on the economic impact of tax-free oil for Agriculture in Korea. According to increasing of world oil price, the supply policy of agricultural tax-free oil, which specified to support farmers since 1986, are required to expand by farmers. But the supply quantity of tax-free oil is deceased continuously and Korean Ministry of Trade, Industry, and Energy(MOTIE) present stance of sundown policy of tax-free oil for agriculture. In this context, It is necessary and important to measure the economic impact of the supply policy of tax-free oil for agriculture. This study address a econometric method for measurement the economic impact of the supply policy of tax-free oil and suggest several policy implements. Our results show that when the supply policy of tax-free oil for agriculture is annihilated in phases over the five years. the agricultural GDP is decreased by about 3,195 billion korean won and the agricultural price level is increased by 26.6 points after 5 years.

The analysis of consumers' satisfaction about the 6th industry antenna shops

  • Kim, Young-Sue;Ryu, In-Hwan;Kwon, Oh-Sung;Kim, Sounghun
    • Korean Journal of Agricultural Science
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    • v.43 no.4
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    • pp.688-703
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    • 2016
  • The 6th industrialization, which is the policy strategy to combine the 1st, 2nd, 3rd agro-food industries in order to create synergy effects, is one of the most important policy strategies for the Korean government. Local governments as well as the central government, especially the Ministry of Agriculture, Food and Rural Affairs, have introduced various specific programs for the 6th industrialization. Among them, the 6th industry antenna shops located in Cheonan and Daejeon which were introduced by the Chungcheongnam-do Provincial Government to offer a better market place for 6th industry producers. However, few studies have been conducted to evaluate the performance of 6th industry antenna shops. The purpose of this paper is to analyze consumers' satisfaction of 6th industry antenna shops through survey and econometric modeling and to present some implications of the better operation of the 6th industry antenna shops. The results of the studies in this paper present some of the following findings: first, the overall level of satisfaction towards 6th industry antenna shops is high but consumers still claim some problems. Second, products which are sold at 6th industry antenna shops have important problems, including high prices and deficient product variety. Third, if these problems were fixed, the operation of 6th industry antenna shops would be successful and contribute to the development of 6th industrialization in Korea.

Value Evaluation Model for Korean Professional Baseball Players (한국프로야구선수의 가치평가모형)

  • Oh, Taeyeon;Lee, Young Hoon
    • Journal of Labour Economics
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    • v.39 no.2
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    • pp.113-139
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    • 2016
  • The purpose of this study is to establish evaluation model that can explain marginal effects of baseball players of Korean Baseball Organization (KBO) on their team winnings in terms of productivity. We proposed econometric model with using variables that are provided from official homepage of KBO to overcome the complexity of mainly used productivity index: wins above replacement (WAR). Also, compare to the previous studies such as Scully(1974) or Krautmann(1999) that using limited indices of baseball stats, this study included 61 indices that are provided from official homepage of KBO. We estimated regression based WAR(RBWAR) by conducting panel regression with each team's statistics data of 2002 to 2014. As a results, RBWAR shows 0.869 correlation coefficient for batters and 0.882 for pitchers with WAR in 2014 that can be concluded that two indices shows similar results. From the results of estimation, we analyze the relationship between productivity and actual contract of free agent players in 2015 and it showed that teams have contracted reasonably.

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Consumer's Demand and Willingness to Pay for Horse Meat (말고기에 대한 소비자 수요와 지불의사)

  • Jeon, Seong-Won;Choi, Seung-Churl;Shin, Yong-Kwang
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.7
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    • pp.4489-4497
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    • 2015
  • This study aims at estimating the consumer's demand and willingness to pay(WTP) for horse meat in Korea. Three econometric models are employed to examine the multiple layers of the demand, including the current demand, the potential demand and latent demand. Findings indicate a substantial demand for horse meat. Dichotomous choice contingent valuation method is used to elicit the WTP. We assess the mean WTP for horse meat using a double-bounded logistic model. As a result, consumers are willing to pay at 67.8 percent of the beef prices of the third quality grade to purchase horse meat. And, for the factors that influence on WTP, only sex, age and recognition of horse meat are statistically significant.