• East Asian Economic Review
• /
• v.18 no.2
• /
• pp.111-142
• /
• 2014

We examine whether country fundamentals help explain the cross-section of currency excess returns. For this purpose, we consider fundamental variables such as default risk, foreign exchange rate regime, capital control as well as interest rate in the multi-factor model framework. Our empirical results show that fundamental factors explain a large part of the cross-section of currency excess returns. The zero-intercept restriction of the factor model is not rejected for most currencies. They also reveal that our factor model with country fundamentals performs better than a factor model with usual investment-style factors. Our main empirical results are based on 2001-2010 balanced panel data of 19 major currencies. This paper may fill the gap between country fundamentals and practitioners' strategies on currency investment.

• Journal of Distribution Science
• /
• v.11 no.9
• /
• pp.31-34
• /
• 2013

Purpose - This paper aims to explain that the Chinese distribution market will continue to bring tremendous business opportunities to commercial enterprises, given the relatively strong economic fundamentals and substantial government-led measures to boost domestic demand. Research design, data, methodology - A survey was conducted on China's retail market data during 2012. By empirically analyzing the data for retail sales of online markets and franchises, we conclude that the online retail market in China will continue to grow. Results - Based on data from 2012, 2013 is expected to be a challenging year for the retail sector, as both external and internal pressure is likely to persist. This paper outlines some major challenges facing retailers in China. Conclusions - The study shows that retailers in the Chinese market will face some major challenges: 1) the Chinese retail market is considerably affected by an uncertain economic outlook 2) an unfair environment of competition exists and 3) product safety is a serious issue. However, in the future, China's retail market will continue to bring tremendous business opportunities to commercial enterprises, given the relatively strong economic fundamentals and substantial government-led measures to boost domestic demand.

• Journal of Korean Academy of Fundamentals of Nursing
• /
• v.10 no.3
• /
• pp.283-291
• /
• 2003

Purpose: This study was conducted to identify the relationship between climacteric symptoms and sexual satisfaction in middle-aged women. Method: Self-selection was used to recruit, for the study, 272 middle-aged women between 40 and 59 years of age from 2 metropolitan areas and 2 provinces in Korea. The questionnaire included information on demographic characteristics, climacteric symptoms and sexual satisfaction. Result: The results are as follows: 1. The mean/item climacteric symptom score was 1.91 and the mean sexual satisfaction score was 38.19.2. Climacteric symptoms were significantly influenced by age, education, economic status, frequency of abortions and menopausal status. Sexual satisfaction was influenced significantly by age, education, economic status and menopausal status. 3. There was a significant negative correlation between climacteric symptoms and sexual satisfaction (r=-.24, p =.0002). Conclusion: Sexuality should be considered when developing nursing strategies for middle-aged women, especially when dealing with climacteric symptoms.

• Journal of Information Processing Systems
• /
• v.20 no.1
• /
• pp.93-104
• /
• 2024

China is playing more predominant role in the liquefied natural gas (LNG) market worldwide and LNG import price is subject to various factors both at home and abroad. Nevertheless, previous studies rarely heed a multiple of factors. A time-varying parameter factor augmented vector auto-regression (TVP-FAVAR) model is adopted to discover the determinants of China's LNG import price and their dynamic impacts from January 2012 to December 2021. According to the findings, market fundamentals have a greater impact on the import price of natural gas in China than overall economic demand, financial considerations, and world oil prices. The primary determinants include domestic gas consumption, consumer confidence and other demand-side information. Then, there are diverse and time-varying spillover effects of the four common determinants on the volatility of China's LNG import price at different intervals and time nodes. The price volatility is more sensitive and long-lasting to domestic natural gas pricing reform than other negative shocks such as the Sino-US trade war and the COVID-19 pandemic. The results in this study further proves the importance of domestic natural gas market liberalization. China ought to do more to support the further marketization of natural gas prices while working harder to guarantee natural gas supplies.

• KDI Journal of Economic Policy
• /
• v.28 no.1
• /
• pp.193-218
• /
• 2006

This paper examines the macroeconomic structural differences of the free floating exchange rate regime and the managed float exchange rate regime focusing on the Korean economy, and compares it to the two benchmark economies, Japan and Australia. Korea's shift to the free floating exchange rate regime from the managed float exchange rate regime came after the 1997 economic crisis. Korea's exchange rate policy provides a unique opportunity to study the different behaviors or roles, if any, of managed float and free floating exchange rate regimes. Based on a simple monetary model, we find that the exchange rates of Korea are more sensitive to the economic fundamentals under the free floating regime than under the managed float regime. Impulse response analysis shows that exchange rate pass-through into domestic variables, especially inflation rate, has a bigger short-term impact under the floating regime than under the managed regime. This finding is consistent with the view that the managed (or fixed) regime provides the domestic price stability necessary for the economic growth for the developing countries.

• The Journal of the Korea Contents Association
• /
• v.10 no.11
• /
• pp.318-328
• /
• 2010

This paper as basic work on the regional economic policy of Korean government considers economic conditions and fundamentals of the cold started 5+2 mega-regional economic zones and makes a comparative study of regional economic power of national mega-regional economic zones based on the established economic indicator. Therefore, this study aims to consider henceforward policy direction of the mega-regional economic zone and the validity of the regional economic policy, which promote autonomous mega-regional economic zone in dimension to secure the global competitiveness. According to the comparison result of regional economic power index, the capital area had absolute superiority, while Gangwon, Honam and Jeju areas were relatively weak. Since the given regional conditions are dissimilar, the government must consider regional characteristics and economic fundamentals carefully, as they push henceforth regional development policy for the mega-regional economic zone. What is more, the government should promote a balance of the regional development, through to maintain demand-based policy and demand-pull policy flexibly, which are based on demand analysis, as well as unequal quota budget and policy for regions, which are relatively falling behind in terms of development and income.

• Journal of Korean Academy of Fundamentals of Nursing
• /
• v.13 no.3
• /
• pp.493-500
• /
• 2006

Purpose: This study was done to investigate the relationship between health related lifestyle and health status. Method: A survey was conducted with a questionnaire. Participants were 220 student nurses who were selected from G College, Incheon, Korea. ANOVA, t-test, Pearson correlation coefficient were used to analyze the data on health related lifestyle and health status. Results: First year student nurses had significantly higher score on health related lifestyle than senior students. But the social health status of senior students was significantly higher than that of first year students. Social health status was shown to be high for the students who had never been ill, who lived in their own house, and whose economic status was at the median level. There was a statistically significant correlation between health related lifestyle and health status (physical, emotional and social). Conclusion: Health related lifestyle has a significant influence on physical, emotional and social health. Also health conception, disease experience and economic status are related to physical, social health, and where the student lives has an effect on health related lifestyle.

• Journal of Korean Academy of Fundamentals of Nursing
• /
• v.18 no.2
• /
• pp.152-159
• /
• 2011

Purpose: This study was done to identify factors related to glycemic control in men with diabetes. Methods: Data from the Korean National Health and Nutrition Examination Survey 2007 2008 collected by the Korean Center for Disease Control were analyzed using chi-square test and t-test. Results: There was a difference in glycemic control according to the individual factor of economic status. Differences in glycemic control according to health related factors were as follows: fasting blood sugar, cholesterol, triglyceride, sleep duration, experience of depression and suicidal thoughts. Conclusion: The results of this study will contribute to improvements in management for men with diabetes through comprehensive identification of factors related to glycemic control.

• Journal of Korean Academy of Fundamentals of Nursing
• /
• v.15 no.3
• /
• pp.284-290
• /
• 2008

Purpose: This study was done to identify factors that influence self-rated health in elderly women. Method: The research design for this study was a descriptive survey design using a convenience sampling method. Data collection was done using a self-questionnaire with 201 women participating in the study. Frequencies, percentages, means, standard deviations, Pearson's correlation coefficients and stepwise multiple regression with the SPSS 10.0 program were used to analyze the data. Results: The age of the women ranged from 65 to 89 and mean was 72.9. The main factors that affected self-rated health were depression, sleep, family APGAR, economic level, social activities and number of illnesses. These variables accounted for 44% of self-rated health. Conclusion: The findings of this study provide useful information for constructing intervention programs for elderly women.

• Journal of Korean Academy of Fundamentals of Nursing
• /
• v.24 no.2
• /
• pp.138-145
• /
• 2017

Purpose: This study was conducted to determine factors affecting depression in women patients with osteoarthritis. Methods: Raw data from the 6th Korea National Health and Nutrition Examination Survey in 2014 was used. Data for 480 women were included. Variables related to general, physical and psychological characteristics were selected. After a sampling plan compound file was created using IBM SPSS 23.0 program, data were analyzed by giving weights. Results: The results of the study are as follows. 1) Depression was significantly different according to economic status, marital status, knee pain, stress and subjective health status (p<.05). 2) Factors affecting the women included marital status, knee pain, stress, and subjective health status. The explanatory power was 41.0%. Conclusion: Results indicate that there is a need to give comprehensive consideration to the factors identified in this study when designing preventive interventions and management plans to alleviate depression in women with osteoarthritis.