• Proceedings of the KGS Conference
• /
• 2003.11a
• /
• pp.120-125
• /
• 2003

The manner in which the World Trade Organization (WTO) is altering the economic and political dimensions of geography is an important academic concern There are several reasons why the establishment of the no should be or interest to geographers. First, the WTO embodies the principle of comparative advantage and thereby global free trade. (omitted)

• Proceedings of the PSK Conference
• /
• 2002.10a
• /
• pp.134-135
• /
• 2002

Legumes are important agricultural and commercial crops characterized by root nodules formed as a result of the symbiotic relationship with nitrogen-fixing rhizobia. Due to the economic significance the chemistry of some of these species has been well recognized. Soybeans and processed soy products, which contain isoflavonoids and saponins, are of wide interest for their multifacted biological effects. (omitted)

• Carbon letters
• /
• v.17 no.1
• /
• pp.18-28
• /
• 2016

Global warming is considered one of the great challenges of the twenty-first century. In order to reduce the ever-increasing amount of methane (CH₄) released into the atmosphere, and thus its impact on global climate change, CH₄ storage technologies are attracting significant research interest. CH₄ storage processes are attracting technological interest, and methane is being applied as an alternative fuel for vehicles. CH₄ storage involves many technologies, among which, adsorption processes such as processes using porous adsorbents are regarded as an important green and economic technology. It is very important to develop highly efficient adsorbents to realize techno-economic systems for CH₄ adsorption and storage. In this review, we summarize the nanomaterials being used for CH₄ adsorption, which are divided into non-carbonaceous (e.g., zeolites, metal-organic frameworks, and porous polymers) and carbonaceous materials (e.g., activated carbons, ordered porous carbons, and activated carbon fibers), with a focus on recent research.

• Journal of the Korean Society for Aviation and Aeronautics
• /
• v.15 no.2
• /
• pp.32-39
• /
• 2007

Air Transportation industry becomes more competitive that the restriction on new access to market were eased and relaxed. Liberalization of international air transport will continue, via bilateral and multilateral process. Korea, Japan, and China have expanded enormously the economic trade and cultural exchange bilaterally in the Northeast Asia, they are acknowledging the importance and necessity of improved connection, it order to face effectively other regional blocks of US-Canada, NAFTA, ASEAN, CLMV. In particular, nobody denies that it is urgent to liberalize bilaterally the air transport in Northeast Asia for promoting reciprocal benefits and prosperity. Recently while open skies bilateral agreements was signed between Korea-China in June, 2006. The agreements processes are too heavily influenced by flag carriers; leading to capacity/market sharing between the bilateral carriers in most markets, against the interest of consumers and overall economic interest of the nation. For successful operation of Northeast Air Market, it is need to set up development strategy paradigm by creating cross-border sub-regional (Northeast Asian) open skies bloc as well as preparing and creating of LCCs operations.

• The Journal of Asian Finance, Economics and Business
• /
• v.5 no.1
• /
• pp.5-9
• /
• 2018

Many developing countries have attempted to depreciate their currencies in order to make their products cheaper, stimulate exports, shift aggregate demand to the right, and increase aggregate output. However, currency depreciation tends to increase import prices, raise domestic inflation, reduce capital inflows, and shift aggregate supply to the left. The net impact is unclear. The paper incorporates the monetary policy function in the model, which is determined by the inflation gap, the output gap, the real effective exchange rate, and the world real interest rate. Applying an extended IS-MP-AS model (Romer, 2000), the paper finds that real depreciation raised real GDP during 1997.Q1-2005.Q3 whereas real appreciation increased real GDP during 2005.Q4-2017.Q2. In addition, a higher government debt-to-GDP ratio, a lower U.S. real federal funds rate, a higher real stock price, a lower real oil price or a lower expected inflation rate would help increase real GDP. Hence, real depreciation or real appreciation may increase or reduce aggregate output, depending upon the level of economic development. Although expansionary fiscal policy is effective in stimulating the economy, caution needs to be exercised as there may be a debt threshold beyond which a further increase in the debt-to-GDO ratio would hurt economic growth.

• Nuclear Engineering and Technology
• /
• v.49 no.3
• /
• pp.609-620
• /
• 2017

We studied the value of a nuclear power plant by considering Koreans' willingness to pay (WTP) for neutralizing the various problems caused by building and operating a new plant. For this, we used a conjoint analysis and ordered logistic regression. We then compared the WTP estimates between various segment groups. The results revealed that each household was willing to pay an additional 99,677 Korean Won (KRW)/mo on average to resolve the negative impacts from a nuclear plant. Therefore, the yearly cognitive and economic value of a nuclear plant in Korea was about 19 trillion KRW. Through a segment analysis, we found that the more educated, younger, and poorer groups gave higher cognitive values than the less educated, older, and richer groups, respectively. Also, people who lived far from a plant gave higher values than people living near a plant, and people with more knowledge about or interest in nuclear energy gave higher values than people with less knowledge or interest. People who felt that nuclear energy is necessary gave higher values to nuclear energy than those who did not. Our results can be used as bases to set targets for promoting nuclear energy and pursuing a national project of building a nuclear power plant.

• Geomechanics and Engineering
• /
• v.13 no.3
• /
• pp.371-384
• /
• 2017

Physical and mechanical properties of rocks are of interest in many fields, including materials science, petrophysics, geophysics and geotechnical engineering. Uniaxial compressive strength UCS is one of the key mechanical properties, while density and porosity are important physical parameters for the characterization of rocks. The economic interest of carbonate rocks is very important in chemical or biological procedures and in the field of construction. Carbonate rocks exploitation depends on their quality and their physical, chemical and geotechnical characteristics. A fast, economic and reliable technique would be an evolutionary advance in the exploration of carbonate rocks. This paper discusses the ability of ultrasonic wave velocity to evaluate some mechanical and physical parameters within carbonate rocks (collected from different regions within Tunisia). The ultrasonic technique was used to establish empirical correlations allowing the estimation of UCS values, the density and the porosity of carbonate rocks. The results illustrated the behavior of ultrasonic pulse velocity as a function of the applied stress. The main output of the work is the confirmation that ultrasonic velocity can be effectively used as a simple and economical non-destructive method for a preliminary prediction of mechanical behavior and physical properties of rocks.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.5
• /
• pp.617-626
• /
• 2021

The study examines the existence of twin deficit in two emerging economies (Turkey and Iran) and also investigates the relation of twin deficit with specific macroeconomic indicators such as the GDP, money supply, foreign direct investment, and the interest rate both in short and long-run periods. The twin-deficit concept refers to a situation where the current account deficit and budget deficits exist in the same corresponding period of an economy. This study employs the Bound Test Autoregressive lag distributed (ARDL) model on time-series quarterly secondary data of Turkey and Iran from 1992 to 2019. The stationarity of variables has been ensured through the Augmented Dickey-Fuller (ADF) test at the level and the first difference. The results reveal the existence of a twin deficit in both the short and long-run periods only in Iran. Its existence could not be observed in the Turkish economy. The findings suggest a positive relationship between twin deficit and GDP, and a negative relationship between twin deficit and FDI and M2. At the same time, the relationship of the twin deficit with interest rate could not be found in the Iranian economy. The findings may be helpful for economic managers of both countries in executing their economic policies.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.8
• /
• pp.325-334
• /
• 2021

The study investigates the effectiveness of the macroprudential policy on credit growth in Vietnam. The authors use the logic of the transmission mechanism of macroprudential policy on credit growth. Research variables include economic growth, inflation, interest rate, and quarterly bank-level data from 28 commercial banks in Vietnam during 2011-2018. The results reveal that: (i) GDP growth had a positive impact on credit growth of small banks but had no impact on large banks, (ii) Domestic Systemically Important Banks (D-SIBs) and small banks respond differently to macroprudential measures of imposing different credit growth targets for different bank groups, (iii) Restrictions on foreign currency loans are found to be effective in curbing credit growth for the full sample and small banks, (iv) Inflation and economic cycle have significantly impacted credit growth at bank-level in Vietnam and (v) Interestingly, a significant positive relationship between interest rates and credit growth is found for the full sample and D-SIBs in Vietnam. The findings suggest that a stable macroeconomic environment should be good conditions for financial stability, and monetary authority should pay more attention to small banks' behaviors than D-SIBs behavior, toward such "administration" tools since small banks tend to prefer "breaking the rules" to make profits.

• Journal of Korea Port Economic Association
• /
• v.30 no.4
• /
• pp.131-149
• /
• 2014

The objective of this study is to describe and determine how and to what extent size of firm, operating vessels and interest cost, leverage, debit maturity, growth opportunity and cash flow affect the cash holdings of Korean shipping companies. A sample of 38 Korean shipping firms for a period of 9 years(from 2005 to 2013) was selected. In panel data regression, this study finds that cash holdings are negatively affected by firm size, operating vessel size and debit maturity, and positively affected by volume of interest costs. In firm's group of relatively large volume of operating vessel, it's cash holdings are affected by debit maturity, cash flows and growth opportunity but in firm's group of small volume of it, interest cost, debit maturity and operating vessel's size are related with cash holdings. It proved that determinants of cash holdings in a high interest costing group are size of operating vessel, interest cost and debt maturity. On the other hand, debit maturity, growth opportunity, firm size and extent volume of vessels are associated with cash holdings in relatively row interest costing group.