• Journal of the Economic Geographical Society of Korea
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• v.10 no.4
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• pp.394-413
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• 2007

This paper attempts to analyze spatial determinants of innovative activities at the municipal level in Korea, capitalizing upon spatial econometric techniques. Several spatially weighted matrices will be employed, implying diverse spatial conceptions and interactions. A contribution can be have been made to enhancing an understanding of the spatial interaction and structure of knowledge spillovers in Korea.

• East Asian Economic Review
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• v.20 no.1
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• pp.37-65
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• 2016

This research intends to investigate the progress made in East Asian bond market integration thus far. Price-based measures (AAD indicator and beta-convergence measure), quantity-based measures and econometric techniques (co-integration test, error correction model based Granger causality test) are employed in the analysis. Even though East Asian government bond markets have become more integrated since 2001, the differentials among the markets still remain significantly high. The bond market integration process seems slow. The convergence of bond markets sped up in 2003 and after the 2008 world financial crisis, implying the important role of government policies in integrating the regional bond markets. East Asian bond market integration may need more government-directed measures.

• Journal of the Korean Society of Food Culture
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• v.19 no.6
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• pp.630-639
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• 2004

Korean households' expenditures on foodservices are on the steady increase. This paper aims to examine the foodservice expenditures of salary and wage earners's households by income decile group. This is analysed through comparing foodservice expenditures with private education expenditures because households' expenditures are likely to be weighted in favor of eating-out rather than private education. We also model the consumption function in terms of income and price, examining the responsiveness of private education demand and eating-out demand to changes in income and price using econometric methods such as regression, rolling regression and impulse response. This paper show that foodservice demand increases more than the private education does in the long-run. The result indicates that households are likely to evaluate the desire for foodservice more important than private education contrary to our expectations in the long-run. The impulse response analysis, however, suggests that households tend to increase private education expenditures rather than eating-out expenditures in the short-run.

• The Korean Journal of Applied Statistics
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• v.2 no.2
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• pp.37-45
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• 1989

Switching regression models are commonly used for the statistical analysis of the disequilibrium models. In this paper wer show how switching regression models can be classified by the sample separation criterion and how they are related to the disequilibrium models. The problems in the estimation of the disequilibrium models ar discussed for the ones with both known sample separation and unknown sample separation.

• The Journal of Information Systems
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• v.26 no.3
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• pp.229-246
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• 2017

Purpose The purpose of this study is to examine the potential asymmetry in price competition between the geographically defined submarkets of the lodging industry, namely the traditional and alternative accommodation facilities. Design/methodology/approach The study utilizes a spatial econometric model to empirically test for the hypothesized asymmetry in price competition. Property-level panel data on hotels and alternative accommodation facilities collected from a major online travel agency (OTA: Agoda.com) was used for this purpose. Findings Result of the analysis shows significant intra-segment spatial price competition among the properties, that is, within hotels and within alternative accommodation submarkets, respectively. However, the inter-segment competition was found to be asymmetric as hypothesized. Room rates of hotels are influenced by prices of geographically close alternative accommodations, but the reverse does not hold. Implications for practitioners and suggestions for future research are discussed along with the findings of the study.

• Proceedings of KOSOMES biannual meeting
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• 2002.10a
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• pp.149-160
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• 2002

The relatively rapid rising trends of crime rates in marine situations leads to social concerns in Korea. This study reviews some theoretical backgrounds of the economics of crime and apply econometric models to Korean marine crimes. We find that there is a negative relationship between marine crime rates and unemployment rates and positive relationship between price level and marine crime in Korea. And also we find that unemployment elasticities are higher in the 1980s' and price elasticities are higher in th 90's in comparison with the results of the other periods. This findings are incompatible with the previous theoretical researches in advanced countries. This findings show that in rapidly growing economy, marine crime occurrence is proportional to marine economic activity frequency. This result may reflect that marine crimes are different from land crimes.

• The Journal of Fisheries Business Administration
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• v.30 no.2
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• pp.79-89
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• 1999

This study is conducted to apply the insight of Johnson and Libecap(1982) to Korea's coastal vessel fishing. According to Johnson and Libecap(1982) the differences in fishing ability are largely attributed to acquired knowledge and innate skills. Since those skills are unlikely to be readily transferable assets, economic rents exist in the fishery, even under open access conditions. Therefore the paper tries to examine whether the acquired information from fishing experience and innate skill could also have an effect on catch variation of coastal vessel fishing in Kyung-Nam province. To do so, the paper is performing the analysis by establishing econometric model. Results show us that the acquired information from fishing experience have a significant effect on catch variation, but the innate skill does not.

• Journal of Industrial Convergence
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• v.13 no.1
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• pp.75-79
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• 2015

This paper investigates two important relationships relating to firm behaviour and performance using econometric methods. First, the relationship between product market competition and innovation is examined, and then the association between innovation and productivity is separately investigated. Data from the Australian Bureau of Statistics' Business Longitudinal Database are used in the analysis. For every measure of competition considered except one, the results of the modelling are consistent with an anti-Schumpeterian relationship between competition and innovation - that is, firms appear more likely to innovate if they face stronger competition. The results examining the relationship between innovation and productivity, although weaker than those between competition and innovation, suggest that innovation is associated with better productivity outcomes.

• Journal of Information Processing Systems
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• v.17 no.6
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• pp.1044-1056
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• 2021

Globalization has integrated the world through interaction among countries and people with the help of information and telecommunication technology (ICT). The rapid mode of globalization has put a new life in ICT and economic sector. The key focus of this study is to examine the nexus among the globalization, ICT and economic growth. This study uses autoregressive distributed lag model (ARDL), vector error correction model (VECM) and econometric method spanning from 1990 to 2015. The empirical result highlights that the globalization stimulates economic growth of a country. In addition, both the internet penetration and the mobile phone usage contribute to the economic growth. Lastly, this article contributes important policy lessons on strengthening the economy by utilizing ICT with the rapid globalization.

• Asia pacific journal of information systems
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• v.31 no.4
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• pp.527-542
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• 2021

The government-driven open data policies are on the rise to protect consumers from misunderstandings and monitor the companies. However, in contract-based industries such as insurance, the contract-inherent characteristics make information asymmetry between consumers and companies. Our paper focuses on insurance contracts where the contingency has high uncertainty of occurrence, and the clauses may incur high costs of reading. Given those contracts, we hypothesized that the contract's clear statement decreases customer dissatisfaction and lowers the number of complaints. To empirically support the claim, we collected customers' complaint documents of insurance companies and insurance contracts from 2005 until 2017. Our econometric models showed that clearer statements and words significantly reduce the complaints after controlling for firm-specific heterogeneity and time-specific heterogeneity. We identify that insurance companies' complaint ratio significantly differ depending on the insurance contract, including specific clauses and words.