• Title/Summary/Keyword: Explaining model

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Can the Evolutionary Economics Solve the Walras' Trap? (진화주의 기술경제학과 '왈라스 함정')

  • Kim, Tae-Eok
    • Journal of Technology Innovation
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    • v.13 no.1
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    • pp.213-246
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    • 2005
  • Despite of the impressive progress made in the Evolutionary techno-economics during the last two decades, there have been very little, if not at all, theoretical advancement in explaining an endogenous mechanism of transforming a technological paradigm within self-perpetuatingstructural dynamics. The question poorly attempted was raised by Schumpeter a century ago in his effort to overcome the well-known 'Walras' trap'. Although there have been increasing number of researchers recently tackling the issue quite seriously from within the Evolutionary school, I see it that radical reconstruction of the basic principle of Evolutionary research framework is urgently needed to solve the century long fundamental question, from evolutionary approach to transformational approach. In the paper, I will show the theoretical feasibility of explaining an endogenous mechanism of paradigm transformation, relying upon the concept of localized dynamics and the concept of morphogenetic structuration. It should be emphasized that there must be aendogenous process of deepening structural Instability generated in the process of economic coordination to secure efficient circular flow. The concept of development bottleneck initiated by the Baumol's cost disease could be regarded as one of the important source of such mechanism. Unfortunately, however, it is a brief conceptual description presented in the paper rather than a comprehensive analytical model, due to the space limitation imposed.

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The Effect of COVID-19 Pandemic on the Philippine Stock Exchange, Peso-Dollar Rate and Retail Price of Diesel

  • CAMBA, Aileen L.;CAMBA, Abraham C. Jr.
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.543-553
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    • 2020
  • This paper examines the effect of COVID-19 pandemic on the Philippine stock exchange, peso-dollar rate and retail price of diesel using robust least squares regression and vector autoregression (VAR). The robust least squares regression using MM-estimation method concluded that COVID-19 daily infection has negative and statistically significant effect on the Philippine stock exchange index, peso-dollar exchange rate and retail pump price of diesel. This is consistent with the results of correlation diagnostics. As for the VAR model, the lag values of the independent variable disclose significance in explaining the Philippine stock exchange index, peso-dollar exchange rate and retail pump price of diesel. Moreover, in the short run, the impulse response function confirmed relative effect of COVID-19 daily infections and the variance decomposition divulge that COVID-19 daily infections have accounted for only minor portion in explaining fluctuations of the Philippine stock exchange index, peso-dollar exchange and retail pump price of diesel. In the long term, the influence levels off. The Granger causality test suggests that COVID-19 daily infections cause changes in the Philippine stock exchange index and peso-dollar exchange rate in the short run. However, COVID-19 infection has no causal link with retail pump price of diesel.

연산자로서의 유리수 체계의 구성에 관한 연구

  • Chung, Young-Woo;Kim, Boo-Yoon
    • East Asian mathematical journal
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    • v.28 no.2
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    • pp.135-158
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    • 2012
  • The ideals of the rings of integers are used to induce rational number system as operators(=group homomorphisms). We modify this inducing method to be effective in teaching rational numbers in secondary school. Indeed, this modification provides a nice model for explaining the equality property to define addition and multiplication of rational numbers. Also this will give some explicit ideas for students to understand the concept of 'field' efficiently comparing with the integer number system.

Relationship of Vertical versus Horizontal Individualism and Collectivism with Self-differentiation among Korean College Students

  • Chung, Hye-Jeong
    • International Journal of Human Ecology
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    • v.10 no.1
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    • pp.47-59
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    • 2009
  • This study investigates the relationship of self-differentiation with individualism and collectivism among college students. Special focus was on whether distinctions between vertical and horizontal individualism and collectivism were more useful in examining the relationship with self-differentiation. The results reveal that different aspects of individualism and collectivism were differently related to self-differentiation, indicating that self-differentiation was negatively associated with all aspects of collectivism and with vertical individualism, but positively with horizontal individualism. This study proved that four distinct constructs were more useful in explaining the effects on self-differentiation. The implications of the findings are discussed for clinicians and future research.

A Theoretical Approach to Behavioral Residential Mobility in the Urban Area. (도시가구의 주거이동 행동에 관한 이론적 접근)

  • 이경희
    • Journal of Families and Better Life
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    • v.2 no.1
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    • pp.151-164
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    • 1984
  • The paper is intended to develop a typology of residential mobility and systemizes the many empirical analysis of reasons for moving. An integrated conceptual framework of decision making process for residential mobility is proposed. the traditional behavioral approaches were evaluated for its explaining power, and the results and constraints were testified. For the conceptual framework, the role of external opportunities and constrains on households was emphasized. Finally, it is suggested that the housing needs, housing constraints, and housing opportunities of urban households should be considered together form the integrated model.

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An Estimating Function Approach for Threshold-ARCH Models

  • Kim, Sahm-Yeong;Chong, Tae-Su
    • Journal of the Korean Data and Information Science Society
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    • v.16 no.1
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    • pp.33-40
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    • 2005
  • The estimating function method was proposed by Godambe(1985) for parameter estimation under unknown distributions for errors in the models. Threshold Autoregressive Heteroscedastic (Threshold-ARCH) models have been developed by Zakoian(1994) and Li and Li(1996) for explaining the asymmetric properties in the financial time series data. In this paper, we apply the estimating function method to the Threshold-ARCH model and show that the proposed estimators perform better than the MLE under the heavy-tailed distributions.

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A Prediction Model for Stage of Change of Exercise In the Korean Elderly -Based on the Transtheoretical Model- (한국노인의 운동행위 변화단계의 예측모형구축 -범이론적 모델(Transtheoretical Model)을 기반으로-)

  • 김순용;김소인;전영자;이평숙;이숙자;박은숙;장성옥
    • Journal of Korean Academy of Nursing
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    • v.30 no.2
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    • pp.366-379
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    • 2000
  • The purpose of this study was to identify causal relationships among variables of transtheoretical model for exercise in the elderly A predictivel model explaining the stage of change was constructed based on a transtheoretical model. Empirical data for testing the hypothetical model was collected from 198 old adults over 60 years old in a community setting in Seoul, Korea in April and May,1999. Data were analyzed by descriptive statistics and correlational analysis using pc-SAS program. The Linear Structural Modeling (LISREL) 8.0 program was used to find the best fit model which predicts causal relationship of variables. The fit of the hypothetical model to the data was X2=132.85. (df=22, p=.000). GFI=.88, NNFI=.35, NFI=.77, AGFI=.59 which was not favorable but the fit of modified model to the data was X2=46.90. (df=27, p=.01).GFI= .95, NNFI=.91, NFI=.92, AGFI=.87) which was more than moderate. The predictable variables of stage of change for exercise of the Korean elderly were helping relationship, self cognitive determination, conversion of negative condition in process of change and efficacy for exercise. These variables explained 68% of stage of change for exercise of the Korean elderly.

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Extended TAM including Organizational Culture as an External Variable (조직문화변수를 포함한 확장된 인터넷수용모형 - 중소기업 조직원을 중심으로 -)

  • 장원경;김태균
    • Journal of Information Technology Applications and Management
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    • v.11 no.2
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    • pp.149-166
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    • 2004
  • In the wake of Fishbein and Ajzen's the Theory of Reasoned Action (TRA), Davis (1989) proposed a Technology Acceptance Model (TAM) to account for how perceived ease of use, perceived usefulness, and attitude predict behavioral intention to use Information Systems (IS). However, TAM is incomplete in one important respect: it does not account for social influence In the acceptance and utilization of new information systems. This study investigated the relationships between organizational tasks and intention to use internet using TAM. For using internet, social network is an important factor because the natural characteristic of internet is community-based. The results showed that Organizational Culture (OC) plays an important role in explaining intention to use the internet. Using O'Reilly et al. 's measurements, we extended and empirically validated the proposed model using Structured Equation Modeling (SEM). These findings enable future researchers and practitioners to apply the OC variable in the various contextual domains.

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A Paper on the Pedagogy Focused in the Mathematical Thinking Mathematicians used (수학자가 수학을 탐구하듯이 학습자도 수학을 탐구할 수 있는 방안 모색)

  • Kim, Jin-Ho
    • The Mathematical Education
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    • v.44 no.1 s.108
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    • pp.87-101
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    • 2005
  • The purpose of this paper is to propose a teaching method which is focused on the mathematical thinking skills such as the use of induction, counter example, analogy, and so on mathematicians use when they explore their research fields. Many have indicated that students have learned mathematics exploring to use very different methods mathematicians have done and suggested students explore as they do. In the first part of the paper, the plausible whole processes from the beginning time they get a rough idea to a refined mathematical truth. In the second part, an example with Euler characteristic of 1. In the third, explaining the same processes with ${\pi}$, a model modified from the processes is designed. It is hoped that the suggested model, focused on a variety of mathematical thinking, helps students learn mathematics with understanding and with the association of exploring entertainment.

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Comparison of Determinants in Internet and Mobile Commerce Adoption

  • Cho, Dai-Yon;Kwon, Hyun-Jung;Lee, Hyoung-Yong
    • 한국경영정보학회:학술대회논문집
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    • 2007.06a
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    • pp.479-487
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    • 2007
  • Understanding user acceptance of the Internet, especially the intentions to use Internet commerce and mobile commerce, is important in explaining the fact that these commerce have been growing at an exponential rate in recent years. This paper studies factors of new technology to better understand and manage the electronic commerce activities. The theoretical model proposed in this paper is intended to clarify the factors as they are related to the Technology Acceptance Model. More specifically, the relationship among trust and other factors are hypothesized. Using the Technology Acceptance Model, this research reveals the importance of the hedonic factor. The result of this research implies that the ways of stimulating and facilitating customers' participation in mobile commerce should be differentiated from those in Internet commerce.

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