• Title/Summary/Keyword: Impulse response model

Search Result 307, Processing Time 0.047 seconds

The Causal Relationship between ICT Growth and Employment in Korea (한국의 ICT산업의 발전과 고용 간의 인과관계에 관한 실증적 분석)

  • Kim, Sukyeong;Lee, Sang-Yong Tom
    • Information Systems Review
    • /
    • v.16 no.2
    • /
    • pp.77-95
    • /
    • 2014
  • From the success of TDX and CDMA to today's social media boom, Korea's ICT has achieved an amazing growth for the last couple of decades. However, in spite of ICT's role as an engine of growth in Korea, there have been concerns that ICT growth would negatively affect national employment due to the labor substitution effect. While some scholars insist that ICT would positively affect employment because it will enlarge the size of industry itself, many people blame ICT as a main culprit of rising unemployment rates. In this study, we try to empirically find the true effect of ICT growth on employment in Korea. We use the data of ICT productions, ICT investments, and various industries employments from 1995 to 2011. The methodologies we adopted for this study is Granger causality tests and impulse response functions based on vector autoregression (VAR) model. We find that ICT has negative impact on service industries, while it has positive impact on manufacturing industries. Meanwhile, ICT has no statistically significant impact on ICT industry itself. Since the impacts of ICT on employment are mixed, we can argue that ICT should not be blamed for the main cause of low employment. We suggest a direction of future policies to utilize ICT for vitalizing employments in Korea.

Effects of the Trade Insurance and Exchange Risk on Export: The Experience of Korea (무역보험과 환위험이 수출에 미치는 영향)

  • Kim, Chang-Beom
    • International Commerce and Information Review
    • /
    • v.13 no.3
    • /
    • pp.77-95
    • /
    • 2011
  • This paper investigates the relationship between export and economic variables such as trade insurance, world economy activity, relative price, unemployment rate, exchange rate volatility, using monthly data. I employ Johansen cointegration methodology since the model must be stationary to avoid the spurious results. The results indicate that there is a long-run relationship between export and variables. Also, the empirical analysis of cointegrating vector using the CCR, DOLS, FMOLS reveals that the increases of trade insurance has positive relations and the increases of exchange rate volatility have negative relations with export. Especially, DOLS based on Monte Carlo simulations, of this estimator being superior in small samples compared to a number of alternative estimators, as well as being able not only to accommodate higher orders of integration but also to account for possible simultaneity within regressors of a potential system. This paper also applies impulse-response functions to get the additional information regarding the responses of the export to the shocks of the variables. The result indicates that export positively to trade insurance and then decay fast compare with exchange rate volatility. Consequently, trade insurance plays the role of trade policy for export promotion in Korea. Whereas, increase of exchange risk result in reduction of export. Therefore, the support of trade insurance should be expanded and the stabilization of the foreign exchange market must be done for the export promotion.

  • PDF

An Empirical Study on Causality among Trading Volume of Busan, Kawangyang and Incheon port (부산항, 광양항, 인천항의 물동량간 인과관계 분석)

  • Choi, Bong-Ho;Kim, Sang-Choon
    • Journal of Korea Port Economic Association
    • /
    • v.26 no.1
    • /
    • pp.61-82
    • /
    • 2010
  • The purpose of this study is to examine the causuality among export and import trading volume of port of Busan, Kwangyang, Incheon and to induce policy implications. In order to test whether time series data is stationary and the model is fitness or not, we put in operation unit root test, cointegration test. And We apply Granger causality and impulse response and variance decomposition based on VECM. The results indicate that the trading volume of port of Busan is not largely influenced by that of port of Kawangyang and Incheon, but the trading volume of port of Kawangyang and Incheon is largely influenced by other ports including port of Busan. The result suggest that government has to focus on policy that the port of Kawangyang and Incheon can raise its own competitiveness in the world market.

Liquidity-related Variables Impact on Housing Prices and Policy Implications (유동성 관련 변수가 주택가격에 미치는 영향 및 정책적 시사점에 관한 연구)

  • Chun, Haejung
    • Journal of the Economic Geographical Society of Korea
    • /
    • v.15 no.4
    • /
    • pp.585-600
    • /
    • 2012
  • The purpose of this study related to the liquidity impact of the housing market variables using vector auto-regressive model(VAR) and empirical analysis is to derive some policy implications. October 2003 until May 2012 using monthly data for liquidity variables mortgage rates, mortgage, financial liquidity, as the composite index and nation, Seoul, Gangnam, Gangbuk, the Apartment sales prices were analyzed. Granger Causality Test Results, mortgage rates and mortgage at a bargain price two regions had a strong causal relationship. Since the impulse response analysis, Geothermal difference there, but housing price housing price itself, the most significant ongoing positive (+) reactions were liquidity-related variables are mortgage loans is large and persistent positive (+), financial liquidity weakly positive (+), mortgage interest rates are negative (-), KOSPI, the negative (-) reacted. Liquidity and housing prices that the rise can be and Gangnam in Gangbuk is greater than the factor that housing investment was confirmed empirically. Government to consider the current economic situation, while maintaining low interest rates and liquidity of the market rather than the real estate industry must ensure that activities can be embedded and local enforcement policies should be differentiated according to the policy will be able to reap significant effect.

  • PDF

Comparative Analysis of Export Behaviors of Pyeongtaek-Dangjin Port and Daesan Port (평택.당진항과 대산항의 수출행태의 비교분석)

  • Mo, Soowon
    • Journal of Korea Port Economic Association
    • /
    • v.29 no.3
    • /
    • pp.25-37
    • /
    • 2013
  • This study investigates the export behavior of port of Pyeongtaek-Dangjin and Daesan. The monthly data cover the period from January 2002 to December 2012. This paper tests whether the exchange rate and the industrial production are stationary or not, rejecting the null hypothesis of a unit root in each of the level variables and of a unit root for the residuals from the cointegration at the 5 percent significance level. The error-correction model is estimated to find that Daesan port is faster than Pyeongtaek-Dangjin in adjusting the short-run disequilibrium. This paper finds that the exchange rate coefficient of Daesan port is higher than that of Pyeongtaek-Dangjin port, while the industrial production coefficient of the former is much smaller than that of the latter. The industrial production coefficient is, however, much higher than the exchange rate coefficient in both ports. The rolling regression shows that the influence of exchange rate and industrial production tends to increase in Pyeongtaek-Dangjin port but tends to decrease in Daesan. The impulse response functions indicate that export volumes respond much greater to the positive shocks in industrial production than in exchange rate, and the exchange rate shock decays very fast, while the industrial production shock lasts very long.

Identification of Motion Platform Using the Signal Compression Method with Pre-Processor and Its Application to Siding Mode Control

  • Park, Min-Kyu;Lee, Min-Cheol
    • Journal of Mechanical Science and Technology
    • /
    • v.16 no.11
    • /
    • pp.1379-1394
    • /
    • 2002
  • In case of a single input single output (SISO) system with a nonlinear term, a signal compression method is useful to identify a system because the equivalent impulse response of linear part from the system can be extracted by the method. However even though the signal compression method is useful to estimate uncertain parameters of the system, the method cannot be directly applied to a unique system with hysteresis characteristics because it cannot estimate all of the two different dynamic properties according to its motion direction. This paper proposes a signal compression method with a pre-processor to identify a unique system with two different dynamics according to its motion direction. The pre-processor plays a role of separating expansion and retraction properties from the system with hysteresis characteristics. For evaluating performance of the proposed approach, a simulation to estimate the assumed unknown parameters for an arbitrary known model is carried out. A motion platform with several single-rod cylinders is a representative unique system with two different dynamics, because each single-rod cylinder has expansion and retraction dynamic properties according to its motion direction. The nominal constant parameters of the motion platform are experimentally identified by using the proposed method. As its application, the identified parameters are applied to a design of a sliding mode controller for the simulator.

Soft Sensor Development for Predicting the Relative Humidity of a Membrane Humidifier for PEM Fuel Cells (고분자 전해질 연료전지용 막가습기의 상대습도 추정을 위한 소프트센서 개발)

  • Han, In Su;Shin, Hyun Khil
    • Transactions of the Korean hydrogen and new energy society
    • /
    • v.25 no.5
    • /
    • pp.491-499
    • /
    • 2014
  • It is important to accurately measure and control the relative humidity of humidified gas entering a PEM (polymer electrolyte membrane) fuel cell stack because the level of humidification strongly affects the performance and durability of the stack. Humidity measurement devices can be used to directly measure the relative humidity, but they cost much to be equipped and occupy spaces in a fuel cell system. We present soft sensors for predicting the relative humidity without actual humidity measuring devices. By combining FIR (finite impulse response) model with PLS (partial least square) and SVM (support vector machine) regression models, DPLS (dynamic PLS) and DSVM (dynamic SVM) soft sensors were developed to correctly estimate the relative humidity of humidified gases exiting a planar-type membrane humidifier. The DSVM soft sensor showed a better prediction performance than the DPLS one because it is able to capture nonlinear correlations between the relative humidity and the input data of the soft sensors. Without actual humidity sensors, the soft sensors presented in this work can be used to monitor and control the humidity in operation of PEM fuel cell systems.

Improved Receding Horizon Fourier Analysis for Quasi-periodic Signals

  • Kwon, Bo-Kyu;Han, Soohee;Han, Sekyung
    • Journal of Electrical Engineering and Technology
    • /
    • v.12 no.1
    • /
    • pp.378-384
    • /
    • 2017
  • In this paper, an efficient short-time Fourier analysis method for the quasi-periodic signals is proposed via an optimal fixed-lag finite impulse response (FIR) smoother approach using a receding horizon scheme. In order to deal with time-varying Fourier coefficients (FCs) of quasi-periodic signals, a state space model including FCs as state variables is augmented with the variants of FCs. Through an optimal fixed-lag FIR smoother, FCs and their increments are estimated simultaneously and combined to produce final estimates. A lag size of the optimal fixed-lag FIR smoother is chosen to minimize the estimation error. Since the proposed estimation scheme carries out the correction process with the estimated variants of FCs, it is highly probable that the smaller estimation error is achieved compared with existing approaches not making use of such a process. It is shown through numerical simulation that the proposed scheme has better tracking ability for estimating time-varying FCs compared with existing ones.

3D-HEVC Deblocking filter for Depth Video Coding (3D-HEVC 디블록킹 필터를 이용한 깊이 비디오 부호화)

  • Song, Yunseok;Ho, Yo-Sung
    • Proceedings of the Korean Society of Broadcast Engineers Conference
    • /
    • 2015.07a
    • /
    • pp.464-465
    • /
    • 2015
  • 본 논문은 HEVC(High Efficiency Video Coding) 기반의 3차원 비디오 부호기에서 깊이 비디오 부호화의 효율 증대를 위한 디블록킹 필터(deblocking filter)를 제안한다. 디블록킹 필터는 블록 왜곡(blocking artifact)을 보정하기 위한 필터인데 원래 색상 영상의 특성에 맞게 설계되어서 비슷한 목적을 지닌 SAO(Sample Adaptive Offset)와 더불어 기존 방법의 깊이 비디오 부호화에서는 사용되지 않는다. 제안 방법은 디블록킹 필터의 사전 실험 통계에 기반하여 기여도가 낮은 normal 필터를 제외시킨다. 또한, 깊이 비디오의 특성을 고려하여 임펄스 응답(impulse response)를 변형하였다. 이 변형된 디블록킹 필터를 깊이 비디오 부호화에만 적용하고 색상 비디오 부호화에는 기존 디블록킹 필터를 사용하였다. 3D-HTM(HEVC Test Model) 13.0 참조 소프트웨어에 구현하여 실험한 결과, 기존 방법에 비해 깊이 비디오 부호화 성능이 5.2% 향상되었다. 색상-깊이 비디오 간 참조가 있기 때문에 변형된 깊이 비디오 부호화가 색상 비디오 부호화 효율에 영향을 끼칠 수도 있지만 실험 결과 색상 비디오 부호화 성능은 유지되었다. 따라서 제안 방법은 성공적으로 깊이 비디오 부호화의 효율을 증대시켰다.

  • PDF

Numerical Analysis for Modeling of Sound Absorbing Medium using Transmission Line Matrix Modeling (전달선로행렬법을 이용한 흡음재 모델링에 대한 수치해석)

  • Park, Kyu-Chil;Yoon, Jong-Rak
    • Journal of the Korea Institute of Information and Communication Engineering
    • /
    • v.16 no.8
    • /
    • pp.1599-1605
    • /
    • 2012
  • We introduced an approach of modeling of a sound absorbing medium that had different absorbing coefficient according to frequency. To obtain the time domain result of the frequency characteristics of a sound absorbing medium, transmission line matrix modeling was used. To input sound absorbing effect in TLM modeling, we added a FIR filter at a node instead of absorbing component using resistance component. There were simulated the characteristics of time-shift, low pass filter, high pass filter using the FIR filter with 7-tap coefficients, then compared with theoretical results. From various simulation results, we could find that added FIR filter coefficient in TLM modeling was an useful way to model a sound absorbing medium.