• 사회경제평론
• /
• v.31 no.3
• /
• pp.131-163
• /
• 2018

The long-run equilibrium of an economy is a situation where all firms in the economy realize the condition of 'extra profits = 0'. The conventional partial equilibrium (PE) analysis, which is based on the assumption of 'ceteris paribus', conflicts logically with the long run equilibrium. 'Full industry equilibrium' (FIE) deals with long-run equilibrium in the framework of partial equilibrium; FIE requires the adjustment of more variables than PE. The comparative statics analysis of FIE shows that many results of the conventional PE does not hold. The present paper intends to introduce the background and significance of FIE. In its course, the paper discusses similarities and differences between FIE and the Capital Controversies of the 1960s and 1970s, and highlights the critical and constructive significances of FIE.

• Journal of the Korean Society for Railway
• /
• v.2 no.4
• /
• pp.1-8
• /
• 1999

A formulation to perform static equilibrium and linear vibration analysis is presented in this paper. The formulation employs minimum number of equations of motion which are derived by using a partial velocity matrix. The static equilibrium analysis is performed first, then the linear vibration analysis is performed at the static equilibrium position. By using the formulation presented in this paper, static equilibrium and linear vibration analysis of a high speed electric train system are performed. A single bogie system, a power car vehicle, and a train system which consists of five vehicles are analyzed, respectively. Natural frequencies and a few lowest mode shapes of the two are identified in this paper.

• Proceedings of the SAREK Conference
• /
• 2008.06a
• /
• pp.142-147
• /
• 2008

This paper reports an analysis of self-pressurization in a closed cryogenic liquid storage system and its comparison with experimental data using liquid nitrogen. Partial equilibrium model(PEM), revised thermodynamic analysis of homogeneous model, has been applied for the pressurization in a closed tank. The vapor and liquid bulk temperature and the liquid-vapor interface temperature are separately calculated as their own representative values in this analysis. The analysis results of the partial equilibrium model are compared with the experimental data and other preceding homogeneous temperature models for validation.

• Journal of the Korean Society for Railway
• /
• v.2 no.3
• /
• pp.9-17
• /
• 1999

This paper presents a new algorithm to determine the pre-loads that sustain the static equilibrium state in a given position. The algorithm which uses a partial velocity matrix leads to an unconstrained optimization problem to compute the pre-loads of the suspensions. To demonstrate the validity of the proposed algorithm, the static analysis results that employ the pre-loads of three examples are presented using a reliable commercial program. Results of the analysis confirm the validity of the proposed algorithm.

• Proceedings of the KSR Conference
• /
• 1998.11a
• /
• pp.305-312
• /
• 1998

A formulation to perform static equilibrium and linear vibration analysis is presented in this paper. The formulation employs minimum number of equations of motion which are derived by using a partial velocity matrix, The static equilibrium analysis is performed first, then the linear vibration analysis is performed at the static equilibrium position. By using the formulation presented in this paper, static equilibrium and linear vibration analysis of a high speed electric train system are performed. A single bogie system, a power vehicle, and a train system which consists of five vehicles are analyzed, respectively. Natural frequencies and a few lowest mode shapes of the three are identified in this paper.

• Proceedings of the Korean Society for Noise and Vibration Engineering Conference
• /
• 2001.11b
• /
• pp.725-730
• /
• 2001

This paper presents a vibration analysis method for constrained mechanical systems driven by constant generalized speeds. Equilibrium positions are obtained first and vibration analysis are performed around the positions. The method developed in this paper employs partial velocity matrix to obtain a minimum number of differential equations. To verify the accuracy of the proposed algorithm, linear vibration analyses of two numerical examples are performed and the results are compared with results from a commercial program or previous literature.

• The Journal of Fisheries Business Administration
• /
• v.43 no.2
• /
• pp.1-14
• /
• 2012

The main purpose of this study is to analyze the effect of Korea-China free trade agreement(FTA) on Korea's fisheries trade using the partial equilibrium analysis model of Feenstra(1995). The study tries to show the impact on trade flows and welfare of the elimination of tariffs Korea-China FTA on Korea's fisheries sector among several scenarios of trade liberalization. The results of the study indicate that the increase of fisheries export to China is lower than that of fisheries import from China. Therefore Korea-China FTA results in the decrease of domestic of fisheries production even though total welfare effect is positive. The study suggest several policy proposals for soft-landing of Korea-China FTA on Korea's fisheries sector. One of them is to lengthen the term of tariff elimination to minimize the impact on domestic fisheries sectors.

• Journal of Korean Society of Transportation
• /
• v.18 no.2
• /
• pp.91-101
• /
• 2000

The optimal congestion charge in transportation economics corresponds to the solution to the welfare maximization Problem for users of a certain road link where congestion takes Place. This congestion charge is in nature the optimal Price of the transportation facility, which is derived by the Partial equilibrium analysis on that facility. Therefore it is not certain that this congestion charge can maximize the well-being of all the users of the total transportation network, since the analysis does not count the impact of the congestion charge on traffic volumes of other links. This study suggests an alternative approach to estimate the optimal congestion charge. The key difference of this study from Previous ones is to derive the solution through the general equilibrium analysis on a market where several transportation facilities as well as Private goods are available to consumers. This approach shows a set of solutions a little different from the Previous one, which are explained below. The optimal congestion charge is derived for two different cases. One is the situation of which the congestion charge is levied on every transportation facility In this case, the optimal solution of each facility should equate the marginal utility of every user to the marginal cost of the corresponding facility. This analysis result in general equilibrium coincides with the Previous analysis result in partial equilibrium. However this result cannot apply to another case of which the charge is imposed only on a certain transportation facility. In this case, the optimal charge on a certain transportation facility should be less than the optimal congestion charge of partial equilibrium analysis.

• Korean Journal of Organic Agriculture
• /
• v.31 no.3
• /
• pp.211-228
• /
• 2023

The Korea-US FTA was one of the most controversial FTAs Korea has ever signed and was expected to have a significant effect on the agriculture sector, especially the livestock industry. This study ex-post analyzed the impact of the Korea-US FTA on the Korean beef industry including the Jeonnam province using a dynamic partial equilibrium model. According to the scenario analysis results, if there was no Korea-US FTA, the beef imports would be reduced to as low as 0.24% to 4.19% compared to the Baseline applying existing Korea-US FTA beef tariff rates over the 2012 to 2022 periods. In addition, if there was no Korea-US FTA, the agricultural product value of Jeonnam and national Korean beef cattle would increase from 0.25% to 7.37% and 0.25% to 7.33%, respectively, compared to the Baseline. The results of the analysis are expected to be used as important information for policy establishment in preparation for CPTPP and supplementation of current FTA policies regarding Korean beef cattle not only for the central government but also Jeonnam province.

• Korean Journal of Organic Agriculture
• /
• v.28 no.1
• /
• pp.31-57
• /
• 2020

Korea-US FTA amendment became effective January 1, 2019 through several trade negotiations between the two countries. These amendments did not include changes in the agricultural sector. However, given the policy direction of the Trump administration, it is difficult to be certain that the existing Korea-US FTA on the agricultural sector will remain unchanged. This study examines the potential impact of changes in the US beef import tariff rates under the Korea-US FTA, which is progressively eliminated until 2026 using a dynamic partial equilibrium model. The modelling system is simulated with 100% decreases of tariff rates over 2020~2026 period and then compared to the baseline which is developed based on the current Korea-US FTA tariff rates. According to the scenario analyses results, 100% decreases of US beef tariff rate lowered Korean beef cattle production value up to 4.23%. Looking at this change in terms of absolute value rather than percentage, the total production value over 2020~2026 is expected to decrease by 815 billion won compared to Baseline. This reduction in production value in dynamic analysis is 67 billion won higher than the comparative static analysis.