• 제목/요약/키워드: Generalised Method of Moments

검색결과 3건 처리시간 0.019초

The Effect of Gender Imbalance on Housing Price in China

  • HAN, Xinping;AZMAN-SAINI, W.N.W.;ROSLAND, Anitha;BANI, Yasmin;LAW, Siong Hook
    • The Journal of Asian Finance, Economics and Business
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    • 제8권7호
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    • pp.671-679
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    • 2021
  • House ownership is considered as one of the important pre-conditions for marriage in China. Given that gender imbalance is a prominent issue in the country, competition for marriage partners might motivate males to look for a house and probably bigger and more expensive house. This is believed to have caused house price hikes in recent years. This study aims to investigate the impact of gender imbalance on house prices using data from 30 provinces in China for the 2000-2017 period. The results based on the generalized method of moments (GMM) estimations show that house price is strongly influenced by gender imbalance. However, there is no evidence to support differential effects across eastern and mid-western regions. One potential reason is that pre-marriage house ownership has become a common culture for the whole community and therefore it does not vary significantly across regions. There are several important policy implications. Firstly, the issues should be addressed by the policymakers at national level and not regional level. Secondly, the government should intervene to bring back gender ratio to its normal level. Finally, the government should limit the number of houses people can buy and increase the supply of houses in the market.

The history of high intensity rainfall estimation methods in New Zealand and the latest High Intensity Rainfall Design System (HIRDS.V3)

  • Horrell, Graeme;Pearson, Charles
    • 한국수자원학회:학술대회논문집
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    • 한국수자원학회 2011년도 학술발표회
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    • pp.16-16
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    • 2011
  • Statistics of extreme rainfall play a vital role in engineering practice from the perspective of mitigation and protection of infrastructure and human life from flooding. While flood frequency assessments, based on river flood flow data are preferred, the analysis of rainfall data is often more convenient due to the finer spatial nature of rainfall recording networks, often with longer records, and potentially more easily transferable from site to site. The rainfall frequency analysis as a design tool has developed over the years in New Zealand from Seelye's daily rainfall frequency maps in 1947 to Thompson's web based tool in 2010. This paper will present a history of the development of New Zealand rainfall frequency analysis methods, and the details of the latest method, so that comparisons may in future be made with the development of Korean methods. One of the main findings in the development of methods was new knowledge on the distribution of New Zealand rainfall extremes. The High Intensity Rainfall Design System (HIRDS.V3) method (Thompson, 2011) is based upon a regional rainfall frequency analysis with the following assumptions: $\bullet$ An "index flood" rainfall regional frequency method, using the median annual maximum rainfall as the indexing variable. $\bullet$ A regional dimensionless growth curve based on the Generalised Extreme Value (GEV), and using goodness of fit test for the GEV, Gumbel (EV1), and Generalised Logistic (GLO) distributions. $\bullet$ Mapping of median annual maximum rainfall and parameters of the regional growth curves, using thin-plate smoothing splines, a $2km\times2km$ grid, L moments statistics, 10 durations from 10 minutes to 72 hours, and a maximum Average Recurrence Interval of 100 years.

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Generalized Extreme Value 분포 자료의 교차상관과 L-모멘트 추정값의 교차상관의 관계 유도 (Derivation of Relationship between Cross-site Correlation among data and among Estimators of L-moments for Generalize Extreme value distribution)

  • 정대일
    • 대한토목학회논문집
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    • 제29권3B호
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    • pp.259-267
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    • 2009
  • GEV분포는 세계 여러 나라에서 홍수와 극한강우 등의 빈도분포로 널리 활용되고 있다. L-모멘트법은 GEV분포의 매개변수 추정을 위해 일반적으로 사용되고 있는 추정법이다. 본 연구에서는 Monte Carlo 실험을 이용하여 GEV분포를 따르는 서로 다른 두 지점의 자료의 교차상관계수를 이용하여 L-모멘트 추정값인 L-변동계수와 L-왜도계수들 간의 교차상관계수를 Simple Power 함수를 이용하여 유도하였다. 실험과정에서 생성된 비현실적이며 실험결과에 큰 영향을 미치는 음수값들을 배재한 GEV+분포를 이용하였다. 결과로, Simple Power 함수가 두지점간 자료의 교차상관과 L-모멘트 추정값들간의 교차상관 계수의 관계를 잘 모사하고 있음을 확인하였다. 다양한 GEV 분포의 매개변수 조합에 대한 Simple Power 함수의 매개변수 추정값과 정확성은 표로 제시하였다. 또한 위 연구결과를 활용할 수 있는 Generalised Least Square(GLS) 지역회귀 기법에 대해 설명하였다. 따라서 본 연구에서 도출된 관계식은 향후 GLS 회귀식을 이용한 GEV 분포의 지역 매개변수를 추정하는데 있어 L-모멘트 추정값들간의 정확한 교차상관관계를 제시할 수 있을 것으로 기대한다.