• Title/Summary/Keyword: Inflation Rate

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How does FDI promote Economic Growth: Evidence from Mekong River Countries? (FDI가 어떻게 경제 성장을 촉진하는가?: 메콩강 주변국 연구)

  • Nguyen, Thi-Thanh-Tuyen;Choi, Chang Hwan
    • Korea Trade Review
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    • v.44 no.6
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    • pp.247-265
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    • 2019
  • This research focuses on the influences of FDI on the economic growth of four countries by Mekong river: Vietnam, Laos, Cambodia and Thailand. At the same time, the study also analyzes the contributing of economic growth to attract FDI inflow to these countries. The panel data during the period 1998-2017 were collected from World Bank. Empirical analysis figures out that GDP, mobile phone, labor force are the determinants affecting positive to FDI and vice versa exchange rate, wage are the negative factors. Secondly, FDI, export, exchange rate, government expenditure impact positively on economic growth but inflation and population have negative effect on the economic development. Thirdly, The FDI and economic growth have impact mutually in Vietnam, Laos, Cambodia and Thailand economy. FDI plays a very crucial role in contributing greatly to the economic development of the Mekong sub-region. The economic growth is higher, the FDI inflow is more attractive. From the results, some practical suggestions are offered to enhance the competitiveness in attracting FDI.

A Study on the Economic Evaluation of Photovoltaic System in the Residential Building (주거용 건물의 태양광 발전시스템 경제성 평가에 관한 연구)

  • Choi, Jeong-Min;Ju, Jai-Wook;Kim, Dong-Gyu
    • Journal of the Korean Solar Energy Society
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    • v.29 no.6
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    • pp.14-21
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    • 2009
  • The demand and installation for photovoltaic system(namely, PV) has grown steadily in Korea. However, the PV system has a various economic viability according to the PV system characteristic variables such as inverter efficiency, miscellaneous power conditioning losses, azimuth and slope of PV array, PV tracking mode, and so on. The other variables are the monthly consumed electric energy and economic related factor such as initial cost, government subsidy, maintenance cost, inflation rate, energy cost escalation rate, discount rate, etc. Therefore, this study is to present economic evaluation of PV system with those concerned factors by calculating internal rate of return, year-to-positive cash flow and net present value indices.

On Inflated Achievable Sum Rate of 3-User Low-Correlated SC NOMA

  • Chung, Kyuhyuk
    • International journal of advanced smart convergence
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    • v.10 no.3
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    • pp.1-9
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    • 2021
  • In the Internet of Thing (IoT) framework, massive machine-type communications (MMTC) have required large spectral efficiency. For this, non-orthogonal multiple access (NOMA) has emerged as an efficient solution. Recently, a non-successive interference cancellation (SIC) NOMA scheme has been implemented without loss. This lossless NOMA without SIC is achieved via correlated superposition coding (SC), in contrast to conventional independent SC. However, conventional minimum high-correlated SC for only 2-user NOMA schemes was investigated in the lossless 2-user non-SIC NOMA implementation. Thus, this paper investigates a 3-user low-correlated SC scheme, especially for an inflated achievable sum rate, with a design of 3-user low-correlated SC. First, we design the 3-user low-correlated SC scheme by taking the minimum sum rate between 3-user SIC NOMA and 3-user non-SIC NOMA, both with correlated SC. Then, simulations demonstrate that the low correlation in the direction of the first user's power allocation inflates the sum rate in the same direction, compared to that of conventional minimum high-correlated SC NOMA, and such inflation due to low correlation is also observed similarly, in the direction of the second user's power allocation. Moreover, we also show that the two low correlations of the first and second users inflates doubly in the both directions of the first and second users' power allocations. As a result, the proposed 3-user low-correlated SC could be considered as a promising scheme, with the inflated sum rate in the future fifth-generation (5G) NOMA networks.

The effects of hypo-salinity on embryos and larvae of olive flounder (Paralichthys olivaceus)

  • Min, Eun-Young;Lee, Ok-Hyun;Kang, Ju-Chan
    • Journal of fish pathology
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    • v.20 no.3
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    • pp.257-267
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    • 2007
  • The hypo-salinity effects on fertilized eggs, embryos and larvae were investigated in olive flounder (Paralichthys olivaceus) obtained from hatcheries in Cheju-Island, Yeosu and Chungnam. Those were treated to eight concentration; 0, 3.4, 6.7, 10.1, 13.4, 20.2, 27.4 and 33.6 ‰. It was not discrepancy in the survival rate and hatching success rate of fertilized embryos obtained from different regions. Also, in the larvae, the regional difference was not appeared. The survival rate and hatching ability of embryos significantly diminished in the lower groups than 13.4 ‰ compared to 33.6 ‰. After fertilization, namely embryos are tolerant of a wide range of salinity (13.4 - 33.6 ‰). Reduced salinity induced an increase of the malformed embryo and larvae including various deformities; irregular embryos membrane (or yolk sac depression), fin erosion and swim bladder inflation in the flounder embryo. The hatching success of embryos was significantly reduced in lower salinity than 13.4 ‰. Notably, the reduction of larval survival rate significantly was observed in ≤10.1 ‰ treated groups with the same manner of survival rates of the embryos. Additionally, olive flounder was found to be adequate model for measuring external impulses because there are no the regional differences.

Dynamic Interaction between Conditional Stock Market Volatility and Macroeconomic Uncertainty of Bangladesh

  • ALI, Mostafa;CHOWDHURY, Md. Ali Arshad
    • Asian Journal of Business Environment
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    • v.11 no.4
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    • pp.17-29
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    • 2021
  • Purpose: The aim of this study is to explore the dynamic linkage between conditional stock market volatility and macroeconomic uncertainty of Bangladesh. Research design, data, and methodology: This study uses monthly data covering the time period from January 2005 to December 2018. A comprehensive set of macroeconomic variables, namely industrial production index (IP), consumer price index (CPI), broad money supply (M2), 91-day treasury bill rate (TB), treasury bond yield (GB), exchange rate (EX), inflow of foreign remittance (RT) and stock market index of DSEX are used for analysis. Symmetric and asymmetric univariate GARCH family of models and multivariate VAR model, along with block exogeneity and impulse response functions, are implemented on conditional volatility series to discover the possible interactions and causal relations between macroeconomic forces and stock return. Results: The analysis of the study exhibits time-varying volatility and volatility persistence in all the variables of interest. Moreover, the asymmetric effect is found significant in the stock return and most of the growth series of macroeconomic fundamentals. Results from the multivariate VAR model indicate that only short-term interest rate significantly influence the stock market volatility, while conditional stock return volatility is significant in explaining the volatility of industrial production, inflation, and treasury bill rate. Conclusion: The findings suggest an increasing interdependence between the money market and equity market as well as the macroeconomic fundamentals of Bangladesh.

The Long-Run Demand for Monetary Indicator M2 and Liquidity Indicator L - Case in Korea - (한국의 광의통화(M2)와 광의유동성(L)에 대한 화폐수요의 장기적 안정성 검정)

  • Kim, Joung-Gu
    • International Area Studies Review
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    • v.12 no.3
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    • pp.171-194
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    • 2008
  • This paper analysis the long-run demand for monetary indicator M2 and Liquidity indicator L in Korea in the period from 1980:1 to 2006:3 by cointegration and error correction models. The empirical evidence that M2, L in Korea is meaningfully cointegrated with income, interest rate, exchange rate, inflation uncertainty, real effective exchange rate, exchange rate uncertainty and LIBOR, thus showing the existence of long-run demand function under open-economy framework.

Changes in Real Exchange Rate and Business Fluctuations: A Comparative Study of Korea and Japan (실질환율변동의 경기변동효과: 한국과 일본의 비교연구)

  • Kwak, Tae Woon
    • International Area Studies Review
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    • v.13 no.3
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    • pp.309-330
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    • 2009
  • This paper analyzes comparatively the effects of changes in real effective exchange rates on the business fluctuations of the cases of Korea and Japan employing structural vector auto-regression(S-VAR) model which uses quarterly data for the five variables of real effective exchange rates, GDP gap, real interest rates, oil prices, inflation rates for the period of 1980-2006. The paper employes impulse-response analysis and variance decompositions. The paper finds that real exchange rate depreciations are contractionay for the case of Korea while they are expansionary for the case of Japan. These results are consistent with the prevailing empirical results that real exchange rate depreciations are contractionary for developing countries while expansionary for advanced countries.

A Study on Work-Related Musculoskeletal Disorders Related to Sonographer's (진단 초음파 검사자의 작업 관련 근골격계질환 연구)

  • An, Hyun
    • Journal of radiological science and technology
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    • v.45 no.4
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    • pp.355-363
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    • 2022
  • This study was to investigate the prevalence rate of musculoskeletal disorders in relation to general characteristic factors, living environment factors, and work environment factors for sonographer's. For the response questions, the guidelines for musculoskeletal burden work were used. For statistical analysis, SPSS 26.0 version was used. For the common body parts of the sonographer's who responded, the prevalence was investigated by dividing the group into a group with high pain or discomfort and a group with low pain or discomfort according to the degree to which they experienced symptoms during the past 12 months. Multiple logistic regression analysis was used to determine the variance inflation factor(VIF), odds ratio (OR) and corresponding 95% confidence interval (CI). A p-value of <0.05 was considered statistically significant. As a result, housework hours, examination history, regular physical activity, number of patient examinations per day, and sitting posture were investigated as variables for rate musculoskeletal disorders. The sonographer's occupational group was found to have a high prevalence rate of musculoskeletal disorders like various other occupational groups. Based on the results of this study, it is judged that musculoskeletal disorders can be reduced by recognizing musculoskeletal disorders and improving work environment factors.

The Development of the Composite Index as a method of rate adjustment (의료보험수가 조정을 위한 복합지표 개발에 관한 연구)

  • 김한중;조우현;이해종
    • Health Policy and Management
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    • v.3 no.1
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    • pp.84-101
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    • 1993
  • The current method of rate adjustment is based on the evaluation of the financial performance of hospitals. The method has the disadvantages such as too complicated, expensive process as well as low reliability due to small sample size. This study, therefore, develops a new model for the rate adjustment with the use of the composite index. In addition to that, it examines the validity of the model by comparing the result of the new method with that of the conventional method. The idea of the new model comes from the Medicare Economic Index(MEI) on which physician fees for the Medicare patients are adjusted periodically in the United States. Medical costs are classified into three groups : labor costs, materials and other expenses. Labor costs are subdivided into physicians and other personnels. Materials are subdivided into drugs and others. Other expenses are subdivided into 5 items. Macro economic indices are selected for each cost item in order to reflect the cost inflation during the specific period. Then the composite index which integrate all items according to the ration of each item in the total costs is calculated. The result from the application of empirical data to the new model is very similar to that of the current method. Furthermore, this method is very simple and also to easy to get social concensus. This model can be replaced the current method based on the analysis of the financial performance for the adjustment of medical fees.

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Serial Tissue Expansion at the Same Site in Pediatric Patients: Is the Subsequent Expansion Faster?

  • Lee, Moon Ki;Park, Seong Oh;Choi, Tae Hyun
    • Archives of Plastic Surgery
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    • v.44 no.6
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    • pp.523-529
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    • 2017
  • Background Serial tissue expansion is performed to remove giant congenital melanocytic nevi. However, there have been no studies comparing the expansion rate between the subsequent and preceding expansions. In this study, we analyzed the rate of expansion in accordance with the number of surgeries, expander location, expander size, and sex. Methods A retrospective analysis was performed in pediatric patients who underwent tissue expansion for giant congenital melanocytic nevi. We tested four factors that may influence the expansion rate: The number of surgeries, expander location, expander size, and sex. The rate of expansion was calculated by dividing the 'inflation amount' by the 'expander size'. Results The expansion rate, compared with the first-time group, was 1.25 times higher in the second-or-more group (P=0.04) and 1.84 times higher in the third-or-more group (P<0.01). The expansion rate was higher at the trunk than at other sites (P<0.01). There was a tendency of lower expansion rate for larger expanders (P=0.03). Sex did not affect the expansion rate. Conclusions There was a positive correlation between the number of surgeries and the expansion rate, a positive correlation between the expander location and the expansion rate, and a negative correlation between the expander size and the expansion rate.