• Title/Summary/Keyword: Impulse-Response Analysis

Search Result 333, Processing Time 0.027 seconds

Impulse Response of Inflation to Economic Growth Dynamics: VAR Model Analysis

  • DINH, Doan Van
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.7 no.9
    • /
    • pp.219-228
    • /
    • 2020
  • The study investigates the impact of inflation rate on economic growth to find the best-fit model for economic growth in Vietnam. The study applied Vector Autoregressive (VAR), cointegration models, and unit root test for the time-series data from 1996 to 2018 to test the inflation impact on the economic growth in the short and long term. The study showed that the two variables are stationary at lag first difference I(1) with 1%, 5% and 10%; trace test indicates two cointegrating equations at the 0.05 level, the INF does not granger cause GDP, the optimal lag I(1) and the variables are closely related as R2 is 72%. It finds that the VAR model's results are the basis to perform economic growth; besides, the inflation rate is positively related to economic growth. The results support the monetary policy. This study identifies issues for Government to consider: have a comprehensive solution among macroeconomic policies, monetary policy, fiscal policy and other policies to control and maintain the inflation and stimulate growth; set a priority goal for sustainable economic growth; not pursue economic growth by maintaining the inflation rate in the long term, but take appropriate measures to stabilize the inflation at the best-fitted VAR forecast model.

A Study on the Dynamic Relationship between Cultural Industry and Economic Growth

  • He, Yugang
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.5 no.4
    • /
    • pp.85-94
    • /
    • 2018
  • The cultural industry is treated as the sunrise industry in modern society. It has taken an increasing role in promoting the economic growth. Due to this, this paper attempts to explore the dynamic relationship between cultural industry and the economic growth. On the grounds of Cobb-Douglas production function, the cultural industry is regarded as a determinant such as the labor input and the capital input to impact the economic growth. Meanwhile, the quarterly datum form 2000-Q1 to 2017-Q4 are employed to perform an empirical analysis via the vector error correction model. The GDP is treated as an independent variable. The input of capital, the input of labor and the total input of cultural industry are treated as dependent variables. Furthermore, a menu of statistical approaches such as the co-integration test and the impulse response function will be used to testify the dynamic relationship between cultural industry and economic growth. Via the Johansen co-integration test, the results report that the cultural industry has a obviously positive effect on economic growth. Through the vector error correction estimation, the results also report that the cultural industry also has a significantly positive effect on economic growth, but less than that of the Johansen co-integration test. This paper provides a view that the cultural industry is a kind of a determinant to promote the economic growth. Therefore, the China's government should pay much attention to the cultural industry construction.

Characteristics on the Surge Capability of Bi-based Varistor Fabricated with ZnO Nano-powder (ZnO 나노분말로 제조한 Bi계 바리스터의 써지내량 특성)

  • Wang, Min-Sung;Park, Choon-Bae
    • Journal of the Korean Institute of Electrical and Electronic Material Engineers
    • /
    • v.19 no.9
    • /
    • pp.862-867
    • /
    • 2006
  • Bi-based nano-varistors and micro-varistors fabricated with each ZnO nano-powder and micro-powder were studied about characteristics on the surge capability in this study. ZnO nano-varistors were sintered in air at $1050^{\circ}C$ for 2 hr. The voltage-current and residual voltage properties of ZnO nano-varistor were compared with their of ZnO micrio-varistor. As a result of these properties, our ZnO nano-varistor has about 3 times at operating voltage as compared with conventional ZnO varistor fabricated with micro-powder and the residual voltage was 8.06 kV at nominal discharge current 101kA in the lighting impulse current test. And then the residual voltage rate 1.72 of our nano-varistor has had better performance than the 1.79 of micro-varistor because ZnO nano-varistor has shown much quick response property because of increasing effective cross-section area. Also, to analysis surge capability took thermal images for pyrexia temperature distribution with each of the varistors after operating varistors. Nano-varistor doesn't have shown local overheating and can confirm accurate temperature grade on the surface of its.

Nonlinear effects on motions and loads using an iterative time-frequency solver

  • Bruzzone, Dario;Gironi, C.;Grasso, A.
    • International Journal of Naval Architecture and Ocean Engineering
    • /
    • v.3 no.1
    • /
    • pp.20-26
    • /
    • 2011
  • A weakly nonlinear seakeeping methodology for predicting motions and loads is presented in this paper. This methodology assumes linear radiation and diffraction forces, calculated in the frequency domain, and fully nonlinear Froude-Krylov and hydrostatic forces, evaluated in the time domain. The particular approach employed here allows to overcome numerical problems connected to the determination of the impulse response functions. The procedure is divided into three consecutive steps: evaluation of dynamic sinkage and trim in calm water that can significantly influence the final results, a linear seakeeping analysis in the frequency domain and a weakly nonlinear simulation. The first two steps are performed employing a three-dimensional Rankine panel method. Nonlinear Froude-Krylov and hydrostatic forces are computed in the time domain by pressure integration on the actual wetted surface at each time step. Although nonlinear forces are evaluated into the time domain, the equations of motion are solved in the frequency domain iteratively passing from the frequency to the time domain until convergence. The containership S175 is employed as a test case for evaluating the capability of this methodology to correctly predict the nonlinear behavior related to wave induced motions and loads in head seas; numerical results are compared with experimental data provided in literature.

Do Real Interest Rate, Gross Domestic Savings and Net Exports Matter in Economic Growth? Evidence from Indonesia

  • SUJIANTO, Agus Eko;PANTAS, Pribawa E.;MASHUDI, Mashudi;PAMBUDI, Dwi Santosa;NARMADITYA, Bagus Shandy
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.7 no.11
    • /
    • pp.127-135
    • /
    • 2020
  • This study aims to measure the effects of real interest rate (RIR), gross domestic savings (GDS), and net exports (EN) shocks on Indonesia's economic growth (EG). The focus on Indonesia is unique due to the abundant resources available in the nation, but they are unsuccessful in boosting economic growth. This study applied a quantitative method to comprehensively analyze the correlation between variables by employing Vector Autoregression Model (VAR) combined with Vector Error Correction Model (VECM). Various procedures are preformed: Augmented Dickey-Fuller test (ADF), Optimum Lag Test, Johansen Cointegration Test, Granger Causality Test, as well as Impulse Response Function (IRF) and Error Variance Decomposition Analysis (FEVD). The data were collected from the World Bank and the Asian Development Bank from 1986 to 2017. The findings of the study indicated that economic growth responded positively to real interest rate shocks, which implies that when the real interest rate experiences a shock (increase), the economy will be inclined to growth. While, economic growth responded negatively to gross domestic savings and net export shocks. Policymakers are expected to consider several matters, particularly the economic conditions at the time of formulating policy, so that the prediction effectiveness of a policy can be appropriately assessed.

Appropriate Forecast Algorithm for ea-­RED Router Buffer Management Algorithm Performance Improvement (ea-­RED 라우터 버퍼 관리 알고리즘 성능 향상에 적합한 예측 알고리즘)

  • Lim, Hye-Young;Lee, Jong-Hyun;Hwang, Jun
    • Proceedings of the Korean Information Science Society Conference
    • /
    • 2003.10c
    • /
    • pp.115-117
    • /
    • 2003
  • ea­RED(Efficient Adaptive RED)[1][2] 라우터 버퍼 관리 알고리즘 성능 향상을 위해서 ea­RED 라우터 버퍼 사이즈 변화를 예측할 수 있는 예측 알고리즘 모듈의 추가 필요성을 느낀다. 그래서 본 논문에서는 ea­RED 라우터 버퍼 관리 알고리즘의 원형인 RED 라우터 버퍼 관리 알고리즘에 AR(AutoRegression Analysis), IIR(Infinite Impulse Response) MACD(Moving Average Convergence & Divergence), LR_Lines(Linear Regression Lines)등의 예측 알고리즘 모듈을 적용하여 변화를 살펴보고. 결과를 비교. 분석하여 ea­RED 라우터 버퍼 관리 알고리즘 성능 향상에 가장 적합한 예측 알고리즘으로 LR_Lines를 선정했다. ea­RED 라우터 버퍼 관리 알고리즘에 적합한 예측 알고리즘 선정을 위해서 RED 라우터 버퍼 관리 알고리즘을 대신 이용한 이유는 ea­RED 라우터 버퍼 관리 알고리즘의 경우 네트워크 상황에 따라, 버퍼 관련 파라미터 값을 수시로 바꾸기 때문에 예측 알고리즘의 정확성을 판단하는데 어려움이 있지만, RED 라우터의 경우는 버퍼 관련 파라미터 값을 변화시키지 않기 때문에, 좀 더 일관성 있고 정확한 분석을 수행할 수 있기 때문이다.

  • PDF

Implementation of sigma-delta A/D converter IP for digital audio

  • Park SangBong;Lee YoungDae
    • Proceedings of the IEEK Conference
    • /
    • summer
    • /
    • pp.199-203
    • /
    • 2004
  • In this paper, we only describe the digital block of two-channel 18-bit analog-to-digital (A/D) converter employing sigma-delta method and xl28 decimation. The device contains two fourth comb filters with 1-bit input from sigma­delta modulator. each followed by a digital half band FIR(Finite Impulse Response) filters. The external analog sigma-delta modulators are sampled at 6.144MHz and the digital words are output at 48kHz. The fourth-order comb filter has designed 3 types of ways for optimal power consumption and signal-to-noise ratio. The following 3 digital filters are designed with 12tap, 22tap and 116tap to meet the specification. These filters eliminate images of the base band audio signal that exist at multiples of the input sample rate. We also designed these filters with 8bit and 16bit filter coefficient to analysis signal-to-noise ratio and hardware complexity. It also included digital output interface block for I2S serial data protocol, test circuit and internal input vector generator. It is fabricated with 0.35um HYNIX standard CMOS cell library with 3.3V supply voltage and the chip size is 2000um by 2000um. The function and the performance have been verified using Verilog XL logic simulator and Matlab tool.

  • PDF

Measurement of Transient Current by using the Rogowski Coil (로고우스키코일을 이용한 과도전류의 측정)

  • 이복희;길경석;정승수;정상진
    • The Transactions of the Korean Institute of Electrical Engineers
    • /
    • v.43 no.7
    • /
    • pp.1206-1213
    • /
    • 1994
  • This paper presents the operation principle and design rule of the Rogowski coil which can measure the transient current and describes the calibration and application experimental results for performance evaluation. It is obtained that the response curves of the Robowski coil with the turns of 300 and the passive integrator to sinusoidal input give a good linearity up to the frequency of 500 [kHz] and the current measurement system gaving the Rogowski coil is the frequency bandwidth of 40 [Hz]~700 [kHz]. As an application experiment for the fabricated modeling power transmission line, the impulse current, which limitates the direct lightning return stroke to overhead ground wire, is measured by the Rogowski coil and its fast Fourier transformation is carried out. The equivalent circuit of the Rogowski coil considering the stray capacitances is proposed, and the theoretical analysis is in good agreement with the measurement results. Also, it is found that for high frequency domain the stray capacitance such as a distributed capacitance to the shield and the capacitance between windings of coil should be considered in designing the Rogowski coils since the resonance originates from the stray capacitance and the self-inductance of the Rogowski coil.

  • PDF

A Dynamic Study on Housing and Stock Market in Europe : Focused on Greece

  • JEONG, Dong-Bin
    • East Asian Journal of Business Economics (EAJBE)
    • /
    • v.8 no.1
    • /
    • pp.57-69
    • /
    • 2020
  • Purpose - This study examines what are the asset market fluctuations in Europe and how each economic variable affects major variables, and explore the dynamics of housing and stock market through Greece. The variables under consideration are balance on current account (BCA), index of stock (STOCK), gross domestic product (GDP), housing price indices (HOUSING), M3, real rate of interest (IR_REAL) and household credits (LOAN). We investigate the functional and causal relationships between housing and stock market. Research design, data, and methodology - Vector error correction model (VECM) is used to figure out the dynamic relationships among variables. This study also contains the augmented Dickey-Fuller unit root, cointegration, Granger causality test, and impulse response function and variance decomposition analysis by EViews 11.0. Results - The statistical tests show that all variables under consideration have one unit root and there is a longterm equilibrium relationship among variables for Greece. GDP, IR_REAL, M3, STOCK and LOAN can be considered as causal factors to affect real estate market, while GDP, LOAN, M3, BCA and HOUSING can bring direct effects to stock market in Greece. Conclusions - It can be judged that the policy that affects the lending policy of financial institutions may be more effective than the indirect variable such as monetary interest rate.

Performance Analysis of Turbo Equalizer in the Multipath Channel (다중 채널 환경에서 터보 등화기 성능 분석)

  • Jung, Ji Won
    • The Journal of Korea Institute of Information, Electronics, and Communication Technology
    • /
    • v.5 no.3
    • /
    • pp.169-173
    • /
    • 2012
  • This paper investigates the performance of Turbo equalization in wireless multipath channels. Turbo equalization mainly consists of a SISO(soft-in soft-out) equalizer and a SISO decoder. Iterative channel estimators can improve the accuracy of channel estimates by soft information fed back from the SISO decoder. Comparing iterative channel estimators with LMS(least mean square) and RLS(recursive least squares) algorithms, which are the most common algorithms to estimate and track a time-varying channel impulse response, the iterative channel estimator with RLS converges more faster than the one with LMS. However, the difference of BER(bit error rate) performances gradually decreases as the number of iterations for Turbo equalization increases.