• Title/Summary/Keyword: Price Change

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Change of Smoking Behavior by Male White-collar Workers after a Tobacco Price Increase (담배가격 인상에 따른 사무직남성근로자들의 흡연행태 변화)

  • Kim, Ji-Hyeon;Sakong, Joon
    • Journal of Environmental Health Sciences
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    • v.43 no.1
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    • pp.64-70
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    • 2017
  • Objectives: The purpose of this study is to examine the effect of the raise of cigarette prices by KRW 2,000 at the beginning of 2015 on the change in smoking behavior among male office workers, and to analyze the correlation of various factors including their work behaviors and socio-economic factors with their smoking rate. Methods: In this research, a follow-up observation panel was constituted with 420 smokers as targets from among male office workers at a bank located in Daegu, South Korea. A cross-analysis and ANOVA analysis were carried out in order to examine whether changes in smoking status, amount of smoking, stop-smoking motivation, and reasons for smoking cessation failure after the passage of time since the cigarette price hike were statistically significant. The level of statistical significance was P < 0.05. Results: After the cigarette price hike, among the 420 smokers who were the target of the panel the rate of smoking cessation declined at the time-point of the survey to 15.5%, 12.4%, 8.5%, and 5.7% after one month, three months, six months, and 12 months, respectively. As a result of a follow-up observation of 65 smokers who stopped smoking immediately after the price hike, the actual non-smoking rate declined to 15.5%, 8.3%, 4.4%, and 3.1% after one month, three months, six months, and 12 months, respectively. One (1) year after the cigarette price hike, the non-smoking rate among the 420 smokers reached as low as 3.1% (13 persons). The most important reason for the failure of the attempts to quit smoking was stress for more than 60% of the smokers who attempted to stop. Conclusions: It seems that a powerful anti-smoking policy by the state targeting the nation's workers is necessary. For companies, mediation for workers' job stress can become a strategy for the success of non-smoking attempts. The government seems to require a practical policy to reduce the smoking rate by actively carrying out social, economic, and scientific research to come up with a reduction method for the cigarette hazard, an effective price hike policy, and other non-price policies.

Level Shifts and Long-term Memory in Stock Distribution Markets (주식유통시장의 층위이동과 장기기억과정)

  • Chung, Jin-Taek
    • Journal of Distribution Science
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    • v.14 no.1
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    • pp.93-102
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    • 2016
  • Purpose - The purpose of paper is studying the static and dynamic side for long-term memory storage properties, and increase the explanatory power regarding the long-term memory process by looking at the long-term storage attributes, Korea Composite Stock Price Index. The reason for the use of GPH statistic is to derive the modified statistic Korea's stock market, and to research a process of long-term memory. Research design, data, and methodology - Level shifts were subjected to be an empirical analysis by applying the GPH method. It has been modified by taking into account the daily log return of the Korea Composite Stock Price Index a. The Data, used for the stock market to analyze whether deciding the action by the long-term memory process, yield daily stock price index of the Korea Composite Stock Price Index and the rate of return a log. The studies were proceeded with long-term memory and long-term semiparametric method in deriving the long-term memory estimators. Chapter 2 examines the leading research, and Chapter 3 describes the long-term memory processes and estimation methods. GPH statistics induced modifications of statistics and discussed Whittle statistic. Chapter 4 used Korea Composite Stock Price Index to estimate the long-term memory process parameters. Chapter 6 presents the conclusions and implications. Results - If the price of the time series is generated by the abnormal process, it may be located in long-term memory by a time series. However, test results by price fixed GPH method is not followed by long-term memory process or fractional differential process. In the case of the time-series level shift, the present test method for a long-term memory processes has a considerable amount of bias, and there exists a structural change in the stock distribution market. This structural change has implications in level shift. Stratum level shift assays are not considered as shifted strata. They exist distinctly in the stock secondary market as bias, and are presented in the test statistic of non-long-term memory process. It also generates an error as a long-term memory that could lead to false results. Conclusions - Changes in long-term memory characteristics associated with level shift present the following two suggestions. One, if any impact outside is flowed for a long period of time, we can know that the long-term memory processes have characteristic of the average return gradually. When the investor makes an investment, the same reasoning applies to him in the light of the characteristics of the long-term memory. It is suggested that when investors make decisions on investment, it is necessary to consider the characters of the long-term storage in reference with causing investors to increase the uncertainty and potential. The other one is the thing which must be considered variously according to time-series. The research for price-earnings ratio and investment risk should be composed of the long-term memory characters, and it would have more predictability.

Change of the Land Use in Yanji city of China in the Connection with Urbanization Process (도시화에 따른 중국 연길시 토지이용의 변화)

  • Li, Mingyu
    • Journal of the Korean association of regional geographers
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    • v.12 no.2
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    • pp.323-337
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    • 2006
  • This thesis aims to study Change of the Land Use in Yanji city since the reformation and opening of China in the Connection with Urbanization Process. This study is based on Landsat image and maps and data related to topography, urban planning basic, the cadastral map were employed. Softwares such as Arcview3.3, ArcGis8.0 were used. The result of the research is as follows. It clearly appears that there have decreased in the ratio of agricultural areas since the increase in other urban usage of land. There has greatly increased in residential, commercial and industrial areas. Such as the capitalist and market economic city the highest point of city land price emerged in downtown of the old city center. In addition spatial pattern of land price is unusually quite different from the western city in its pattern of land price surface declining tendency between the highest land price and the lowest land price. The land price surface shows irregular patterns with increase of distance from downtown due to various urban developments. According to the land price distribution map, it is possible to guess spatial development of the city that the north-eastern part of Yanji was developed prior to south-western area. The center of the city, or downtown expanded to eastward, and the city expanded to south-westward out skirt. Along the main road, Xin-xing areas developed toward east and west ward.

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Estimation of the electricity demand function using a lagged dependent variable model (내생시차변수모형을 이용한 전력수요함수 추정)

  • Ahn, So-Yeon;Jin, Se-Jun;Yoo, Seung-Hoon
    • Journal of Energy Engineering
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    • v.25 no.2
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    • pp.37-44
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    • 2016
  • The demand for electricity has a considerable impact on various energy sectors since electricity is generated from various energy sources. This paper attempts to estimate the electricity demand function and obtain some quantitative information on price and income elasticities of the demand. To this end, we apply a lagged dependent variable model to derive long-run as well as short-run elasticities using the time-series data over the period 1991-2014. Our dependent variable is annual electricity demand. The independent variables include constant term, real price of electricity, and real gross domestic product. The results show that the short-run price and income elasticities of the electricity demand are estimated to be -0.142 and 0.866, respectively. They are statistically significant at the 5% level. That is, the electricity demand is in-elastic with respect to price and income changes in the short-run. The long-run price and income elasticities of the electricity demand are calculated to be -0.210 and 1.287, respectively, which are also statistically meaningful at the 5% level. The electricity demand is still in-elastic with regard to price change in the long-run. However, the electricity demand is elastic regarding income change in the long-run. Therefore, this indicates that the effect of demand-side management policy through price-control is restrictive in both the short- and long-run. The growth in electricity demand following income growth is expected to be more remarkable in the long-run than in the short-run.

Two Way Bidding Pool Price Change by Maintenance Schedule (계획예방정비에 따른 Two Way Bidding Pool 가격 변동)

  • Maeng, Keun-Ho;Heo, Don;Song, Kwang-Jae;Park, Jong-Keun
    • Proceedings of the KIEE Conference
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    • 2003.07a
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    • pp.596-598
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    • 2003
  • 본 논문에서는 CBP 가격을 기반으로, TWBP시장의 가격을 분석하였다. KPX가 발표한 SMP와 수요예측자료로 누적입찰자료를 추정하었으며, 이를 이용하여 계획예방정비에 따른 TWBP가격 변동을 시뮬레이션 하였다.

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Environmental Changes & Technical Responses in Printed Circuit Board Industry (PCB 산업의 환경변화와 기술적 대응)

  • 이진호
    • Journal of the Microelectronics and Packaging Society
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    • v.6 no.4
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    • pp.73-77
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    • 1999
  • Revolutionary changes on multimedia, network and PDA(Personal digital assistants) causes PCB(Printed circuit beard) manufacturers to change their attitudes to product. Traditional idea for current market such as price, market, and service has collapsed down and new digitalization urges PCB manufacturers to deal with new technologies, shorter lead time with reasonable price, high qualities. Therefore PCB manufacturers have an effort to develop new marketing, products, processes for low cost to keep up pace with assembly makers.

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Effects of noe-economic factors on the cyclcal fluctuations of price level in Korea

  • Yoon, Suk-Bum
    • Journal of the Korean Statistical Society
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    • v.3 no.1
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    • pp.17-30
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    • 1974
  • There are a number of studies on the peculiarities of inflation in underdeveloped economies. These studies are, however, confined to the cases of Latin American countries, and the essence of methodologies applied in the studies is basically estimations of linear parameters of an extended quantity equation with lagged variables. As it is generally observed, inflation in most of underdeveloped economies are, to some extent, affected by non-economic factors such as political instability, social disorder, abrupt institutional changes, etc. Sometimes, these factors underlying the basic movement of price level change are reflected in such variables as quantity of money supply, income velocity, gross national product.

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A Study on the Earnings Permanence and the Incremental Information Content of Earnings and Cash Flows (이익영속성과 이익 및 현금흐름의 증분정보내용에 관한 연구)

  • 박상욱
    • Journal of the Korea Society of Computer and Information
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    • v.5 no.3
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    • pp.151-158
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    • 2000
  • This dissertation measures transitory items using earnings change scaled by beginning-of-period price(FreemanㆍTse 1992) and the earnings-to-price ratio(AliㆍZarowin 1992). Contextual regression model results confirm the incremental explanatory power for predominantly permanent earnings, and suggest that cash flows also have incremental explanatory power in the presence of predominantly permanent earnings. But contextual regression results represent that while earnings are consistent with a smaller marginal impact from extreme (transitory) earnings on abnormal returns, cash flows have no greater impact on abnormal returns in the presence of large transitory components in earnings.

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Estimating Price Elasticities of Domestic Air Transport Demand by Stated Preference Technique (Staled Preference 방법론에 의한 국내선 항공수요의 가격탄력성 추정)

  • 이성원;이영혁;박지형
    • Journal of Korean Society of Transportation
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    • v.18 no.1
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    • pp.27-34
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    • 2000
  • This study analyzes the price elasticities of airline Passenger demand through the 'Stated Preference' technique which uses survey data. Because the domestic airfare has been regulated by the government. it is not easy to derive Price elasticity through the usual regression analysis with aggregate data and thus a special methodology is required for elasticity estimation. Therefore, in this study we estimated the Price elasticities of domestic air passenger demand and the modal share change rates to the alternative modes with logit model and sample enumeration method, by analyzing the survey data on air Passengers' demand behavior about the mode choice between air-rail. air-bus, and air-car. As the results, the estimated price elasticities are in the range of -0.6~-0.9, and rail is mainly chosen as an alternative mode. bus is chosen Partly, and car is barely used.

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An Analysis on the Stability of the Electric Vehicles Connected Power System According to Charging Cost with Price Elasticity (가격탄력성을 이용한 전기자동차 충전요금제에 따른 연계계통의 안정성 분석)

  • Kim, Junhyeok;Kim, Joorak;Kim, Chulhwan
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.65 no.9
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    • pp.1577-1582
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    • 2016
  • Now we are facing severe environmental issues such as global warming. Due to these, the concerns about eco-friendly energy have been increased. Kyoto protocol and Copenhagen climate change conference are circumstantial evidence of it. With these trends, the interests for the Electric Vehicles(EVs) which do not emit any harmful gases have gradually been raised. Unfortunately, however, massive connection of EVs to the power system could cause negative impacts such as voltage variations, frequency variations and increase of demand power. To prevent the mentioned issues, KEPCO adopts Time-of-Use(ToU) price for EVs charging. Nevertheless, it is important to verify the propriety of the charging system. In this paper, therefore, we used pre-introduced price elasticity concept to predict possible Demand Response(DR) on charging of EVs. And analyzed possible demand power increase according to various price elasticities. Simulation results show that given ToU based charging system would not enough to control the increase of demand power by EVs on the power system. It is concluded, therefore, additional methods and/or algorithms are required.