• Title/Summary/Keyword: Macro Economic Indicator

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Long-term Distribution Planning considering economic indicator (경제지표를 이용한 중장기 배전계획 수립에 관한 연구)

  • Choi, Sang-Bong;Kim, Dae-Kyeong;Jeong, Seong-Hwan;Bae, Jeong-Hyo;Ha, Tae-Hyun;Lee, Hyun-Goo;Kim, Jeom-Sik;Moon, Bong-Woo;Han, Sang-Yong
    • Proceedings of the KIEE Conference
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    • 1999.07c
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    • pp.1468-1471
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    • 1999
  • This paper presents a method of the regional long-term distribution planning considering economic indicator with the assumption that energy demands proportionally increases with the economic indicators. For the practical distribution planning, it is necessary to regional load forecasting, distribution substation planning, distribution feeder planning. Accordingly, in this paper, after performing regional load forecasting considering economic indicator, it is performed distribution substation planning and distribution feeder planning in order by using this result. For accurate distribution planning, it is very important to scrutinize the correlation among the regional electric power demands, economic indicator and other characteristics because distribution planning results may vary depending on many different factors such as electric power demands, gross products, social trend and so on. In this paper, various steps microscopically and macro scopically are used for the regional long-term distribution planning in order to increase the accuracy and practical use of the results

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Make and Use of Leading Indicator for Short-term Forecasting Employment Fluctuations (취업자 변동 단기예측을 위한 고용선행지수 작성과 활용)

  • Park, Myungsoo
    • Journal of Labour Economics
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    • v.37 no.1
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    • pp.87-116
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    • 2014
  • Forecasting of short-term employment fluctuations provides a useful tool for policy makers in risk managing the labor market. Following the process of producing the composite leading indicator for macro economy, the paper develops the employment leading indicator(ELI) for the purpose of short-term forecasting non-farm payroll employment in private sectors. ELI focuses on early detecting the point of time and the speed in phase change of employment level.

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Does the Agricultural Ecosystem Cause Environmental Pollution in Azerbaijan?

  • Elcin Nesirov;Mehman Karimov;Elay Zeynalli
    • Economic and Environmental Geology
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    • v.55 no.6
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    • pp.617-632
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    • 2022
  • In recent years, environmental pollution and determining the main factors causing this pollution have become an important issue. This study investigates the relationship between the agricultural sector and environmental pollution in Azerbaijan for 1992-2018. The dependent variable in the study is the agricultural greenhouse gas emissions (CO2 equivalent). Eight variables were selected as explanatory variables: four agricultural inputs and four agricultural macro indicators. Unit root tests, ARDL boundary test, FMOLS, DOLS and CCR long-term estimators, Granger causality analysis, and variance decomposition analyses were used to investigate the effect of these variables on agricultural emissions. The results show that chemical fertilizer consumption, livestock number, and pesticide use positively and statistically significantly affect agricultural emissions from agricultural input variables. In contrast, agricultural energy consumption has a negative and significant effect. From agricultural macro indicator variables, it was found that the crop and animal production index had a positive and significant effect on agricultural emissions. According to the Granger causality test results, it was concluded that there are a causality relationship from chemical fertilizer consumption, livestock number, crop and livestock production index variables towards agricultural emissions. Considering all the results obtained, it is seen that the variables that have the most effect on the increase in agricultural emissions in Azerbaijan are the number of livestock, the consumption of chemical fertilizers, and the use of pesticides, respectively. The results from the research will contribute to the information on agricultural greenhouse gas emissions and will play an enlightening role for policymakers and the general public.

Mapping Poverty Distribution of Urban Area using VIIRS Nighttime Light Satellite Imageries in D.I Yogyakarta, Indonesia

  • KHAIRUNNISAH;Arie Wahyu WIJAYANTO;Setia, PRAMANA
    • Asian Journal of Business Environment
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    • v.13 no.2
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    • pp.9-20
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    • 2023
  • Purpose: This study aims to map the spatial distribution of poverty using nighttime light satellite images as a proxy indicator of economic activities and infrastructure distribution in D.I Yogyakarta, Indonesia. Research design, data, and methodology: This study uses official poverty statistics (National Socio-economic Survey (SUSENAS) and Poverty Database 2015) to compare satellite imagery's ability to identify poor urban areas in D.I Yogyakarta. National Socioeconomic Survey (SUSENAS), as poverty statistics at the macro level, uses expenditure to determine the poor in a region. Poverty Database 2015 (BDT 2015), as poverty statistics at the micro-level, uses asset ownership to determine the poor population in an area. Pearson correlation is used to identify the correlation among variables and construct a Support Vector Regression (SVR) model to estimate the poverty level at a granular level of 1 km x 1 km. Results: It is found that macro poverty level and moderate annual nighttime light intensity have a Pearson correlation of 74 percent. It is more significant than micro poverty, with the Pearson correlation being 49 percent in 2015. The SVR prediction model can achieve the root mean squared error (RMSE) of up to 8.48 percent on SUSENAS 2020 poverty data.Conclusion: Nighttime light satellite imagery data has potential benefits as alternative data to support regional poverty mapping, especially in urban areas. Using satellite imagery data is better at predicting regional poverty based on expenditure than asset ownership at the micro-level. Light intensity at night can better describe the use of electricity consumption for economic activities at night, which is captured in spending on electricity financing compared to asset ownership.

Micro- and Macro-Level Factors Determining Financial Performance of UAE Insurance Companies

  • SASIDHARAN, Soumya;RANJITH, V.K.;PRABHURAM, Sunitha
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.909-917
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    • 2020
  • The research aims to analyze the firm-specific and macroeconomic factors that affect insurance company's financial performance. The research explores the variables that influence the financial performance of the United Arab Emirates (UAE)' insurance companies. The analysis for determining financial performance considers the following variables: the firm's age, retention ratio, capital adequacy, underwriting risk/loss ratio, financial-leverage, reinsurance dependency, and macro-economic factors such as GDP per capita, inflation rate considered as independent factors. The return-on-asset (ROA) is the key measuring indicator; it is regarded as the dependent variable for financial performance measures. The research focuses on secondary information obtained from insurance companies' financial statements. The researcher targeted 18 insurance companies listed on the UAE stock exchanges for study purposes. The research examines the overall factors that influence the financial performance of an insurance company. For analysis of data, software package of social sciences (SPSS version 20) is used. The studies used correlation and multiple linear regression analysis to determine financial performance and their effects. The analysis suggests that there are important and constructive relationships between the size, capital adequacy, and reinsurance dependency, while loss ratio, retention ratio, and financial leverage indicate a major negative relationship. And there's no link between GDP per capita and inflation.

The Comparative Analysis of Port Tariff on the World Major Ports and the Empirical Analysis between Port Tariff and Macro Economic Indicators (세계 주요항만의 항만요율 비교분석 및 거시경제지표와의 실증분석)

  • Park, Gyei-Kark;Kim, Tae-Gi
    • Journal of Korea Port Economic Association
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    • v.22 no.4
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    • pp.81-98
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    • 2006
  • Many studies on port tariff have been done over twenty years using publicly assessed data on tariff. Public data for tariff rates do not reflect, however, the port tariff in a real market, since the cargo handling charge, which is the important fraction of port tariff, is confidentially decided by the negotiations between a shipping company and a container terminal operator. In this paper, we collected the real price data of the port tariff on the world major sixteen container ports from a global shipping company and transformed it into the tariff per TEU(US$/TEU). The comparative analysis of port tariff was performed using the port tariff per TEU, and a panel regression analysis was done to identify the relations between the port tariff and demand variables: throughput, GDP and trade amount.

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The Evaluation Model for Natural Resource Conservation Areas - Focused on Site Selection for the National Trust - (자연자원 보전지역의 평가모형 - 내셔널 트러스트 후보지 선정을 중심으로 -)

  • 유주한;정성관
    • Journal of the Korean Institute of Landscape Architecture
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    • v.30 no.2
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    • pp.39-49
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    • 2002
  • The purpose of this study is to propose an objective and rational methodology for the selection of proposed sites far the National Trust(NT), which is the new alterative proposal far the conservation of natural environments destroyed by injudicious land development and economic growth. That is to enforce many analysis for the effective estimation of rare ecological and landscape resources and to propose a model based on estimation and united indicators. Using the estimative model, we apply it to the selection of the proposed site in micro scale and simultaneously offer the basic methodology of effective and systematic land conservation in macro scale. The results of this study are as follows: 1) The results of analysis for the reliability of estimative items and indicators, presented no problem in that the coefficient of reliability was over 0.7. 2) The correlation measure of the estimative indicator indicated that 'succession'and 'regenerating restorability' were highly correlative in the item of plants. Another three items showed a tendency to be alike. 3) The results of factor analysis on the characteristics of indicators, classified plants into four categories including a stable factor. The item of animals was classified as a stable and rare factor. The item of landscape was classified as a physical and mental factor and the environment as a pollutional and conditional factor. 4) The model of estimation created through factor analysis was valid for the approval of the regression model because significant probability was 0.00. When we consider the NT proposed site as a complex body that is composed of diverse natural and manmade resources, certainly the synthetic methodology of estimation is needed. If these studies are carried out, NT sites will be selected more rationally and effectively than at present. Consequently, they have the potential to play a core role of natural ecosystem conservation in Korea.

Profitability and the Distance to Default: Evidence from Vietnam Securities Market

  • VU, Van Thuy Thi;DO, Nhung Hong;DANG, Hung Ngoc;NGUYEN, Tram Ngoc
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.4
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    • pp.53-63
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    • 2019
  • The paper examines the influence of profitability on distance to default (DD) in Vietnam securities market. The investigated sample consists of 211 companies listed on HOSE during 18 years from 2010 to 2017. We apply KMV model to calculate distance to default and use both macroeconomics factors and firm specific factors as independent variables. Using General Least Squared (GLS) method, we find evidence to confirm the positive relationship between profitability and distance to default. This result showed that, although profitability did not directly reflect the cash flow generated, a good profitable enterprise would be an important factor to help facilitate and generate cash flow and at the same time debt was guaranteed when it was due. Besides, the test results revealed that the financial structure and sales on assets have the inverse effect on the distance to default at the significance level of 5%. The results also revealed that a group of macro factors had an influence on the distance to default of businesses, including spread, GDP and trade balance (via exchange rates). Gross domestic income had certain impacts on the distance to default of businesses. This was also a basic indicator measuring the national economic cycle.

An Accurate Stock Price Forecasting with Ensemble Learning Based on Sentiment of News (뉴스 감성 앙상블 학습을 통한 주가 예측기의 성능 향상)

  • Kim, Ha-Eun;Park, Young-Wook;Yoo, Si-eun;Jeong, Seong-Woo;Yoo, Joonhyuk
    • IEMEK Journal of Embedded Systems and Applications
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    • v.17 no.1
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    • pp.51-58
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    • 2022
  • Various studies have been conducted from the past to the present because stock price forecasts provide stability in the national economy and huge profits to investors. Recently, there have been many studies that suggest stock price prediction models using various input data such as macroeconomic indicators and emotional analysis. However, since each study was conducted individually, it is difficult to objectively compare each method, and studies on their impact on stock price prediction are still insufficient. In this paper, the effect of input data currently mainly used on the stock price is evaluated through the predicted value of the deep learning model and the error rate of the actual stock price. In addition, unlike most papers in emotional analysis, emotional analysis using the news body was conducted, and a method of supplementing the results of each emotional analysis is proposed through three emotional analysis models. Through experiments predicting Microsoft's revised closing price, the results of emotional analysis were found to be the most important factor in stock price prediction. Especially, when all of input data is used, error rate of ensembled sentiment analysis model is reduced by 58% compared to the baseline.