• 제목/요약/키워드: Oil crisis

검색결과 108건 처리시간 0.023초

일본에서의 기체분리막의 현황 및 응용 (Applications and a View of Gas Separation by Membranes in Japan)

  • Nakagawa, Tsutomu
    • 멤브레인
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    • 제4권1호
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    • pp.9-29
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    • 1994
  • The development of separation technology is an important research subject as is clear from its role in the Japanese government's research and development program for basic technology for the next generation(1981~1990). Japan is poor not only in mineral resources but also in energy resources and if a sudden change occurs in oil producing facility or an accident occurs in a nuclear power plant, then energy policy must undergo changes and economic foundations may collapse. Japan has already experienced this. Although, oil prices are stable at present and Japan can import oil at low cost due to the yen appreciation, Japan needs to promote development work for any new energy crisis that may come in the future. This has been the motive for gas separation membrane development in Japan. The study of gas permeation through polymer membranes, which is the basis for membranes for gas separation, at Japanese universities began many years ago, but interest in membranes for gas separation was aroused mainly by the Government. The development of gas separation membranes in Japan started with membranes for oxygen separation on an industrial scale.

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일본에서의 기체분리막의 현황 및 응용 (APPLICATIONS AND A VIEW OF GAS SEPARATION BY MEMBRANES IN JAPAN)

  • Nakagawa, Tsutomu
    • 한국막학회:학술대회논문집
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    • 한국막학회 1994년도 심포지움시리즈 Jan-94 기체분리막 기술 및 응용
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    • pp.23-52
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    • 1994
  • The development if separation technology is an important research subject as is clear from its role in the Japanese government's research abd development program for basic technology for the next generation (1981~1990). Japan is poor not only in mineral resources but also in energy resources and if a sudden change occurs in oil producing facility or an accident occurs in a nuclear power plant, then energy policy must undergo changes and economic foundations may collapse. Japan has already experienced this. Although, oil prices are stable at present and Japan can import oil at low cost due to the yen appreciation, Japan needs to promote development work for any new energy crisis that may come in the future. This has been the motive for gas separation membrane development in Japan.

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Global Oil Prices and Exchange Rate: Evidence from the Monetary Model

  • ZAFAR, Sadaf;KHAN, Muhammad Arshad
    • The Journal of Asian Finance, Economics and Business
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    • 제9권1호
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    • pp.189-201
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    • 2022
  • The study empirically examines the impact of monetary fundamentals along with global oil prices on the Pak-rupee exchange rate using the monthly data over 2001-2020. Employing the cointegrating vector autoregressive with exogenous variables (VARX) and vector error correction model with exogenous variables (VECMX), the study analyzes the impact of domestic monetary fundamentals while considering the foreign variables as weakly exogenous. In order to account for the structural breaks in the data, the Lagrange multiplier (LM) unit root test with two structural breaks has been used (Lee & Strazicich, 2003). The empirical results reveal that the domestic and foreign monetary variables significantly explain the exchange rate movements in Pakistan both in the long run and in the short run. The dynamic properties of the monetary model of exchange rate have been analyzed using the persistence profile analysis and generalized impulse response functions (GIRFs). The results reveal that the responses of shocks to domestic monetary fundamentals are consistent with the predictions of the monetary model of the exchange rate. Furthermore, being a net oil importer, a rise in global oil prices significantly depreciated the Pak-rupee exchange rate over the period of study. The global financial crisis (GFC) and pandemic (COVID-19) were also found to cause the Pak-rupee exchange rate depreciation.

Macro and Non-macro Determinants of Korean Tourism Stock Performance: A Quantile Regression Approach

  • JEON, Ji-Hong
    • The Journal of Asian Finance, Economics and Business
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    • 제7권3호
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    • pp.149-156
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    • 2020
  • The study aims to investigate a close relation between macro and non-macro variables on stock performance of tourism companies in Korea. The sample used in this study includes monthly data from January 2001 to December 2018. The stock price index of the tourism companies as a dependent variable are obtained from Sejoong, HanaTour, and RedcapTour as three leading Korean tourism companies that have been listed on the Korea Stock Exchange. This study assesses the tourism stock performance using the quantile regression approach. This study also investigates whether global crisis events as the Iraq War and the global financial crisis as non-macro variables have a significant effect on the stock performance of tourism companies in Korea. The results show that the oil prices, exchange rate and industrial production have negative coefficients on stock prices of tourism companies, while the effects of tourist expenditure and consumer price index are positive and significant. We estimate the result of quantile regression that non-macro determinants have statistically a significant and negative effect on tourism stock performance because the global crisis could threaten traveler's safety and economy. Overall, empirical results suggest that the effects of macro and non-macro variables are statistically asymmetric and highly related to tourism stock performance.

Future Deep Ocean Resources and the Technologies for Commercial Development

  • Yamazaki, Tetsuo
    • 한국해양공학회:학술대회논문집
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    • 한국해양공학회 2006년 창립20주년기념 정기학술대회 및 국제워크샵
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    • pp.14-20
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    • 2006
  • During the 11 year period of 1995-2005, there was about a 40% increase in the world copper demand mainly because of the Asian economic growth. In the increase, about a half was consumed by China. Most of the China's copper demand increase has been taken place over the final 5-6 years of that period. The growth is expected to continue for several years, and in 10 years or sooner the same situation is expected for India. Copper is the third metal in global demand, but its little abundance in the Earth's crust is not well recognized. From the production rate and the abundance, a copper shortage, or crisis, has a high probability than the other metals. Deep ocean mineral resources such as manganese nodules in the Clarion-Clipperton Fracture Zones, Kuroko-type massive seafloor sulfides (SMS), and cobalt-rich manganese crusts in the EEZ and the high sea areas have big potentials for the future sources. We need to re-evaluate their potentials as copper resources and other metals to realize their developments. The same situation is under progress in the hydro-carbon markets. Methane hydrates that are classified into non-conventional hydro-carbon resources have an important role as the future sources, too.

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The Effect of the COVID-19 Pandemic on Stock Market Returns in Emerging Economies: Empirical Evidence from Panel Data

  • GNAHE, Franck Edouard;ASHRAF, Junaid;HUANG, Fei-Ming
    • The Journal of Asian Finance, Economics and Business
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    • 제9권4호
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    • pp.191-196
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    • 2022
  • From several socioeconomic perspectives, the present health crisis can be connected to the 2008 financial and economic catastrophe. Governments worldwide are working hard to keep the markets in check, as evidence suggests that the health crisis may soon become an economic crisis. This paper aims to analyze the effect of COVID-19 on the selected stock market. Using a panel of daily COVID-19 confirmed cases and deaths and the stock market from 22 developing countries, we exploit an oil price as a shock to the stock market and examine the effect of COVID-19 on the slowdown of the stock market. We find a negative and significant impact of COVID-19 on the stock market in the first stage till April. However, there is no net influence on the stock market downturn when we extend the period. However, further study suggests that the outbreak's negative influence on the selected stock market has diminished and has begun to decline as of mid-April. As a result of the COVID-19 effect on the chosen stock, our findings imply that the government in the chosen market should consider a regulatory mechanism to reduce the stock market slowdown induced by the pandemic COVID-19.

동북아시아 국가의 석유정제설비의 상대적 효율성 분석 (A Study on the Analysis of the Relative Efficiency of Northeast Asian Country's oil Refinery Facilities)

  • 이충배;김정환;강효원
    • 통상정보연구
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    • 제14권3호
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    • pp.209-227
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    • 2012
  • 글로벌 금융위기의 진원지인 동북아시아 지역은 전통적으로 석유의 생산 및 소비 불균형이 심화된 지역이며, 최근에는 급증하는 석유거래로 인해 저장 및 수송설비의 부족현상까지 겪고 있어 안정적 석유 공급을 위협하고 있다. 따라서 동북아시아 지역 내 독립적인 석유물류허브 기능을 갖춘 시설과 석유거래의 기능까지 담당할 수 있는 시장의 형성이 요구되고 있다. 본 연구에서는 동북아 지역의 석유물류허브 구축 후보 국가를 대상으로 한 석유산업 관련 설비인 정제시설의 정태적 및 동태적 효율성 분석을 통해 시사점을 도출하였다. 동북아 역내 주요 국가들의 석유정제설비의 효율성은 우리나라가 가장 높은 것으로 나타났으며 우리나라가 동북아시아 지역의 석유물류거점의 역할을 수행하기 위해서는 정부의 적극적인 정책지원이 필요하다.

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사회경제, 인구학적 요인과 이혼율과의 관계 (The Relationship between Divorce Rates and Socioeconomic and Demographical Factors)

  • 정현숙
    • 가정과삶의질연구
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    • 제26권1호
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    • pp.51-67
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    • 2008
  • The study analyzes divorce rates in Korea and makes suggestions for the future research of divorce rates. Based on the data from Korea Statistical Information System (KOSIS) of the National Statistics Organization, trends for divorce rates change and the relations between divorce rates and macro environmental factors are analyzed. Macro environmental factors include socioeconomic factors such as, Korean War, Vietnam War, oil shock, IMP economic crisis and gross national income (GNI), whereas demographical factors include population structure, rates of female labor participation, and geographical location. The principle characteristics of divorce rates are as follows: 1) the Crude divorce rates (CDR) and the number of divorced had been increased from 1970 to 2004, then the trend changed to a decrease; 2) the slope of the change were the highest during 1998 to 2004 after the IMP economic crisis. The relations between socioeconomic factors are as follows: 1) during the war there was a small increase of CDR for a short period of time; 2) the economic crisis of the nation tend to increase the CDR, while the IMP economic crisis had a strong impact on an increase of CDR because of the interaction effect among the population structure, women's sex role changes as well as the level of standard of living. The increase in CDR from 1990 to 2000 can be explained partly by the population of baby Boomers passing through their marriage and divorce process. The number of population residing in the rural area and the middle class households, and the mobility of population also had an impact on the divorce rates changes. The recommendations for the future research were as follows: 1) the need to develop new divorce statistics that are based on a marriage cohort or a birth cohort because family behavior is a mixture of personal, social and political responses, and because CDR is not an accurate measure of divorce rate since it was influenced by population structure; 2) the need to include micro personal factors as well as macro social factors in a model to find an interaction effect between those variables.

동남아 항로의 최적 경제선박에 관한 연구 (A study on the Optimal Economic Vessel in the South-East Asian Trade Route)

  • 이동곤
    • 한국기계연구소 소보
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    • 통권14호
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    • pp.145-155
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    • 1985
  • The recent trend in shipbuilding technology is toward development of highly economical vessels of which construction and operation costs are minimized, whereas cargo transport capacity is maximized. But, most of the vessel which are now operated by some of the nation's shipping companies are uneconomical ones built before oil crisis and consequently the companies are suffering from long-lasted deficit problem. In this paper, derivation study of optimum vessel for multi purpose cargo vessel on south-East Asian trade route is carried out to solve this problem. The Required Freight Rate is used as a measure of merits.

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고속철도(KTX)의 서비스품질이 철도 경영성과에 미치는 영향 (The Impacts of Korea Train Express Service Quality on Railroad Management Performance)

  • 박흥순;주용준
    • 한국철도학회:학술대회논문집
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    • 한국철도학회 2007년도 추계학술대회 논문집
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    • pp.1744-1759
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    • 2007
  • This study intended to identify the problems of the railroad which are raised as one of the 21C next-generation but to define the direction for the absence of the national policy and examine the competitiveness of railway transportation which is a Green Network with low environmental destruction and high energy efficiency as the continuable means of transportation for the 21st century with superiority to energy crisis caused by high oil price, conclusion of the Kyoto Protocol for worsened air pollution, and reduced cost of traffic jam.

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