• International Area Studies Review
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• v.14 no.3
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• pp.3-33
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• 2010

While new evidence on international spillover effects has been widely discussed around the globe, the MENA (Middle East and North African) region has received little attention concerning international transmission of stock market movements. In this paper, we discuss international spillover effects between the major developed markets (US, Japan and Germany) and the emerging markets in the MENA region (Turkey and Egypt). While GARCH-type models have mainly been used to investigate international stock market spillovers in much of previous studies, we develop new testing strategies based on discrete wavelet decomposition. The basic finding is that price as well as volatility spillover effects exist from the developed stock markets to the MENA counterparts, although evidence for price spillover to the Egyptian market is rather weak. As for the interdependence of the major MENA stock markets, no spillover effects are found between these markets, while the two MENA markets are somewhat related with each other.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.245-254
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• 2020

This study investigates the impact of the country's governance on the revenue efficiency in the banking sectors of 42 Islamic banks in 15 countries offering Islamic banking and financial services. Technical efficiencies of individual Islamic banks were analyzed using the Data Envelopment Analysis method. The Ordinary Least Square estimation method is employed to examine the impact of country supervision and regulation on the technical efficiency of Islamic banks. With robustness check, the study assesses the impact of bank regulations and supervision on the efficiency of Islamic banks operating in different regions. The empirical findings suggest that supervisory power, activity restrictions, and private monitoring positively influence the efficiency of Islamic banks. On the other hand, we observe a negative impact of capital requirement on Middle East and North Africa (MENA) countries. The findings indicate that supervisory power, activity restrictions, and private monitoring positively influence the efficiency of Islamic banks in Asia, but vice versa on capital requirement in MENA countries. This study will contribute to the body of knowledge by assessing the types of reforms in bank regulations and supervision that work best for Islamic banks in order to increase the level of efficiency and the level of regulations and supervision of Islamic banks.

• Journal of Korean Society of Water and Wastewater
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• v.30 no.5
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• pp.521-532
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• 2016

Seawater desalination market after global economic crisis has been stalled due to the market uncertainties and decreased demand in desalination. It is important to review the status of the market and to estimate the appropriate share of Forward osmosis-Reverse Osmosis (FO-RO) hybrid desalination technology by figuring out the outlook of the desalination market. Main part of the desalination market will still be MENA (Middle East and North Africa) in the near future due to the fast population increase and high dependency of fossil fuel in the region. The market for FO-RO hybrid technology, however, might be smaller than the conventional SWRO desalination market anyway because of aesthetic issues from using wastewater as raw water and higher costs associated with capex. Therefore, it is essential to improve FO membrane performance and system operation technologies in order to make the hybrid technology attractive compared to the conventional SWRO technology.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.2
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• pp.141-149
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• 2022

Despite the importance of the insurance business for financial and economic development, few studies have looked at the factors that influence its growth. This research adds to the body of knowledge by empirically examining the impact of numerous factors on the development of the insurance business in 15 Middle East and North African (MENA) countries from 2000 to 2017. The study looks at macroeconomic, demographic, and institutional factors as potential drivers of the insurance industry's growth, with the insurance premium as a percentage of GDP as the dependent variable. All variables are stationary at the first difference, according to the IPS panel unit root test. The Pedroni residual cointegration test, Kao residual cointegration test, and Johansen-Fisher panel cointegration tests are then used to look for long-run associations. The cointegration tests strongly suggest that the insurance premium and the various variables have long-run correlations. Findings from the Fully-Modified OLS imply that GDP per capita, gross capital formation, and the KOF economic globalization index have a positive long-term impact on the insurance business. The insurance business is also driven by combating corruption and the rule of law. The population and regulatory quality, on the other hand, have no significant impact.

• Journal of the Korean Statistical Society
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• v.8 no.1
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• pp.37-64
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• 1979

Criteria and designs are developed for estimating derivatives of P-variable second order polynomial response surfaces. The basic criterion used is mean square error of the estimated derivative, averaged over all directions and then averaged over a region of interest. A new design concept called slope-rotatability is introduced. A simplex optimization program is used to find minimum mena square error designs for the two variable case for $6 \leq N \leq 12$.

• Communications of the Korean Mathematical Society
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• v.9 no.3
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• pp.513-519
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• 1994

Endomorphism rings of Aritinian modules need not be semiperfect by a result of Camps and Mena [4], which answers in the negative to a question of Crawley and Jonsson[5]. However it was shown by Camps and Dicks[3] that endomorphism rings of a certain class of Artinian modules, we investigate some interesting structures of endormorphism rings of CS-modules.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.23 no.8
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• pp.1984-1989
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• 1998

Convergence properties of the stochastic gradient adaptive algorithm based on the least mean absolute third (LMAT) error criterion is presented.In particular, the performnce of the algorithmis examined and compared with least mena square (LMS) algorithm for several different probability densities of the measurement noisein a system identification mode. It is observedthat the LMAT algorithm outperforms the LMS algorithm for most of the noise probability densities, except for the case of the exponentially distributed noise.

• Journal of the Korean Ceramic Society
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• v.33 no.4
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• pp.464-470
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• 1996

Toughening mechanism of boron carbide ceramics by the addition of titanium boride was investigated. Speci-men was prepared by hot pressing of boron carbide with upto 30vol% of titanium boride particulates. Toughness of boron carbide ceramics was increased from 4.7 MPa m1/2 to 6.3 MPa m1/2 with 15 vol% TiB2 addition. But further increase of TiB2 content results in slow decrease of toughness. From microstructure evaluation and crack propagation behavior it is concluded that the major toughening mechanism is crack deflection pheno-mena.

• Proceedings of the KIEE Conference
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• 2011.07a
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• pp.1368-1369
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• 2011

이 연구는 최근 물 부족시대를 대비한 차세대 기술로 각광 받고 있는 해수담수화설비의 동력을 기존의 화석연료에서 신재생에너지로 전환하고 있는 세계적인 추세와 기술동향을 살펴보고 국내 적용 가능성을 검토한 것이다. 특히 태양열, 태양광, 풍력 등을 활용하여 MENA(Middle East Asia & North Africa), 스페인, 지중해 연안 등의 지역에서 추진 중인 프로젝트의 성과를 살펴보고, 이를 토대로 극심한 물 부족으로 불편을 겪고 있는 국내 해안 도서지역에 적용할 수 있는 방안을 검토하였다.

• Journal of Nutrition and Health
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• v.21 no.4
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• pp.253-259
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• 1988

Riboflavin, Ascorbin Acid & Vitamin D status of 74 elderly Korean (35 men and 39 women)from urban households in Incheon were evaluated by blood analysis. Mean EGR-AC value of men was 1.05 while that of women was 1.03. Marginal deficiency of riboflavin(EGR-AC 1.15-1.35) was shown in 33.3% of men and 20% of women. Average plasma ascorbic acid contents of subjects were very low and men had significantly lower amount than women(0.23mg/㎗ vs 0.44mg/㎗). The percentages of subjects who had plasma ascorbic acid less than 0.4mg/㎗ were 88.9% of men and 45% of women. Mena serum Calcium, Inorganic phosphate contents and mean serum ALP activity of men were 9.97mg/㎗, 3.28mg/㎗ and 61.85 Unit/L respectively and those of women were 9.78mg/㎗, 3.49mg/㎗ and 67.80Unit/L respectively. From these results, Vitamin D status of subjects was considered to be normal.