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산업의 주식시장 선행성에 관한 소고(小考)

  • Kim, Jong-Gwon
    • Proceedings of the Safety Management and Science Conference
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    • 2007.04a
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    • pp.471-476
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    • 2007
  • 본 논문의 목적은 과거의 산업 포트폴리오 수익률이 확률추세로부터 어떻게 전체 주식시장과 두 가지 거시경제 변수인 경기동행지수와 산업생산 등을 예측할 수 있는 지를 알아보는 데에 있다. 이를 위하여 본 연구에서는 연구모형을 설정한 후 세 가지 검정절차를 제시하고 이를 실증적으로 분석하였다. 당월의 전체 주식시장 수익률은 과거의 시차를 지닌 특정 산업부문 포트폴리오 수익률에 대하여 양(+)의 상관관계를 유지하고 있다는 '예측 1'과 전체 주식시장의 수익률은 특정 산업부문의 수익률에 대하여 선행성을 지닐 수 없다는 '예측 2'에 대한 검정 결과는 '예측 1'과 '예측 2'가 지지되고 있음을 파악할 수 있었다. 그리고 산업별 포트폴리오 수익률과 거시경제변수 간의 높은 상관관계를 토대로 하여 전체주식시장 수익률 예측을 가능하게 하는 업종 정보의 점진적 확산 현상이 발생하게 되는가를 검토하기 위하여 각 산업들의 포트폴리오 수익률과 전체 주식시장 수익률이 VAR모형을 토대로 볼 경우 Granger 인과관계를 갖고 있는 지를 분석하였다. 분석결과 21개 업종은 각 산업별 포트폴리오 수익률이 전체 주식시장 수익률을 5% 수준에서 통계적으로 유의한 영향을 주고 있음을 알 수 있었다. 이들 21개의 산업별 포트폴리오 수익률은 경제적으로도 중요한 의미를 지니고 있어 산업제품의 가격 상승과 하락이 경제에 미치는 영향을 파악할 수 있다. 특히 음료 업종에서 전체 주식시장 수익률과 상호간의 인과성을 나타내었으며, 인터넷과 화장품 업종에서는 전체 주식시장 수익률이 이들 업종에 대하여 일방적인 영향을 보이고 있음을 알 수 있었다.>$mgN\;{\cdot}\;L^{-1}$ 및 0.000-0.804 $mgN\;{\cdot}\;L^{-1}$이였다. 규소농도는 0.0-6.2 $mgSi\;{\cdot}\;L^{-1}$의 범위로 3-5월에 매우 낮았으며, 계절적인 변화가 뚜렷히 나타났다. 저질의 입자는 0-125인 silt및 coarse silt로 이루어져 있으며, COD는 51.4-116.9 $mgO_2\;{\cdot}\;gdw^{-1}$로 평균 93.0 $mgO_2\;{\cdot}\;gdw^{-1}$ 이였다. 저질내의 TP및 TN의 농도는 각각 0.04-1.46 $mgP\;{\cdot}\;gdw^{-1}$ 및 0.12-1.03 $mgN\;{\cdot}\;gdw^{-1}$이었다. 표층의 엽록소 a의 정점별 평균값은 정점 1, 2 및 3에서 각각 15.6, 15.2 및 16.0 $mg\;{\cdot}\;m^{-3}$으로 유사하였다. 식물플랑크톤은 총 49종이 출현하였으며, 생물량은 50-23, 350 cells ${\cdot}\;mL^{-1}$로 2001년 9월에 가장 많았다. 이 시기의 우점종은 녹조류인 Schroederia judayi이였으며, 생물량은 20,417 cells ${\cdot}\;mL^{-1}$이였다. 송지호의 수질을 개선하기 위해서는 인위적으로 화학성층을 파괴시켜 심충에 용존산소를 공급시켜야 할 것으로 판단되며, 모래톱으로 인해 막혀져 있는 해수

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Environmental Characteristics of Astilboides tabularis (Hemsl.) Engl. Habitats (개병풍 자생지의 환경특성)

  • Yoon, Yeon Sun;Kim, Kyung-Ah;Yoo, Ki-Oug
    • Korean Journal of Plant Resources
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    • v.28 no.1
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    • pp.64-78
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    • 2015
  • The environmental characteristics of Astilboides tabularis were investigated to compile basic data for conservation and restoration. Natural habitats, according to investigations, were mostly located on the slopes of mountains facing north at an altitude of 432 m to 1,413 m above sea level with angles of inclination ranging from 16 degree to 49.5 degree. A total of 246 vascular plant taxa were identified from 12 quadrats in 11 habitats. The importance value of Astilboides tabularis is 20.40%, and 6 highly ranked species such as Dryopteris crassirhizoma (4.56%), Rodgersia podophylla (3.72%), Astilbe rubra (2.81%), Carex siderosticta (2.67%), Ainsliaea acerifolia (2.65%), and Meehania urticifolia (2.46%) are considered to be an affinity with Astilboides tabularis in their habitats. Average species diversity was 1.23, dominance and evenness were found to be 0.11 and 0.86, respectively. The litter depth above the soil surface was 2 to 10 cm, and soil depth was 20.8 to 67.5 cm. The soil texture of habitats were divided three types such as loam, silt loam, and sandy loam. The soil pH was 5.63 to 7.74, and the organic matter and nitrogen contents were ranged from 8.88 to 42.55%, and 1.40 to 6.58 mg/g, respectively.

A Study on the Indexes and Properties of Mechanical Weathering to Granite Distributed in Korea (화강암의 풍화산물에 대한 기계적 풍화지수의 특성에 관한 연구)

  • Rheem, Chong-Ho
    • Journal of the Korean Geographical Society
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    • v.28 no.2
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    • pp.99-111
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    • 1993
  • The transformation of rocks into unconsoli-dated debris is the prime geomorphic processes including weathering and soil forming process. In these processes, rocks tend to be unconsol-idated debris with small particles. Particularly, typical granite is more likely affected by weathering, since the rock consists of quartz, feldspar and mica that can be easily coarse-grained and well jointed without bedding. The purposes of this study are to clarify the index and properties of mechanical weathering that contributed to transformation of granite distributed in Korea. A total of seventy-three samples of weathering products of granite in Korea were collected during the three-year period, March 30, 1989 to February 21, 1992. The prticle analysis was performed for clay, silt and sand using Sieve and Hydrometer. The results of the analysis are as the followings: First, soil textures in the study area are included seven categories of textures as C, CL, SCL, Sil, SL, LS, and S. Among these textures, the most frequent soil texture were SL, S and SCL in order. Second, the weathering products of granite are crumbled by weathering and hydrothermal. Clay texture consisted of fine materials seems to be influenced by hydrothermal, while Sand texture composed of coarse materials, seems to be significantly influenced by weathering. Third, the index of mechanical weathering by region indicates that Hawngdeung(1) is the lowest as 2.37 and the index by soil texture shows that Clay texture is the lowest as 2.46. Forth, the regression analysis of MW showes that sand/clay variable is the most significant variable. Finally, pedochemical weathering is prevailed on the clayey gruss and geochemical weathering is on the gruss and shattering is on the weathered rock, strongly, but the fine materials in some sites were formed by argillation of hydrothermal.

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Vertical Variations of Benthic Foraminiferal Assemblages in Core Sediments on Yeoja Bay, Southern Coast of Korea: Implications for Late Holocene Sea-Level Change (여자만 코어 퇴적물에서 나타나는 저서성 유공충 군집 변화: 홀로세 후기 해수면 변화 의의)

  • Jang, Seok-Hoon;Jeong, Da-Un;Lee, Yeon-Gyu
    • Journal of the Korean earth science society
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    • v.30 no.4
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    • pp.409-426
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    • 2009
  • In the four sedimentary cores from Yeoja Bay, the analyses of grain size, benthic foraminiferal species compositions, assemblages and statistics were carried out to investigate the effects of late Holocene sea-level change on benthic foraminifera. The core sediments were mainly composed of fine-grained silt and clay. The benthic foraminifera were classified into 27 species of 16 genera, 30 species of 21 genera, 50 species of 29 genera and 52 species of 29 genera in Core YC-1 to 4, respectively. In the result of cluster analysis, it seemed that Group 1 (Core YC-1 and 2) of representative A. beccarii assemblages was deposited in upper bay environment and Group 2 (Core YC-3 and 4) of representative E. clavatum-A. beccarii assemblages was deposited in inner bay environment affected by offshore water. In the result of species composition analysis, the production frequency of A. beccarii was gradually decreased from low layer to upper layer, whereas production frequency of E. clavatum and P.F./T.F. was gradually increased to upward. These change patterns appeared in benthic and planktonic foraminifera seemed to reflect the late Holocene sea-level rise in Yeoja Bay.

Geochemical Composition and Provenance of Surface Sediments in the Western Part of Jeju Island, Korea (제주도 서부해역 표층퇴적물의 지화학적 조성과 기원 연구)

  • Youn, Jeung-Su;Kim, Tae-Joung
    • Journal of the Korean earth science society
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    • v.29 no.4
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    • pp.328-340
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    • 2008
  • To discriminate the provenance of shelf sediments in the western part off Jeju Island, the textual and elemental compositions were analyzed and compared with the sediments originating from Changjiang and Huanghe Rivers of China and the Korean (Keum) River. The sediments in the study area are composed of coarse silt with a mean pain size of $3.6{\sim}8.5{\phi}$ and their $CaCO_3$ contents ranged from 0.92 to 9.75 wt.%. The ratios of TOC over total nitrogen (TN) showed that the study area sediments contained more organic matters of marine origin than those of terrigenous origin. The high concentration of Fe/Al, Ti/Al and Mn/Al figures were found in the southwestern part near the Changjiang esturay, indicating that it seemed to result from the influence of the Changjiang River. The discrimination diagrams including Sc/Al vs Cr/Th, Th/Sc vs Nb/Co and Ti/Nb vs Th/Sc were thus used as provenance indicators to identify the sediment origins of the western part off Jeju Island. Based on these discriminated diagrams it clearly showed that most of the sediment in the western part were originated from the Huanghe River, but the sediments in the southwestern part near the Changjiang esturay might come from the Changjiang River. In contrast, the sediment samples of the northeastern part showed the higher figures than those of the river sediments and other regions, suggesting that the sediments in the western part off Jeju Island must be originated from diverse sources.

Ancient Dujiangyan Irrigation System and Geographical Conditions in the Western Part of Sichuan Basin in China (중국(中國) 사천분지(四川盆地) 서부(西部)의 고대(古代) 관개시설(灌漑施設)과 지역적(地域的) 여건(與件) - 도강언(都江堰)의 경우 -)

  • Lee, Joon-Sun
    • Journal of the Korean association of regional geographers
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    • v.8 no.1
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    • pp.65-82
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    • 2002
  • This study tries to examine the characteristics of the ancient Dujiangyan Irrigation System and geographical conditions in the western part of Sichuan Basin in China. The Dujiangyan System constructed in the third century B.C is located at the mouth of gorge of the River Mi. This spot shows that its altitude above sea level is higher than that of the three other rivers in this district. Also, this river reaches the maximum discharge. These facts reveal the spot has the great potentiality as an ideal location for man-made channels. Li Bing realized the "three magical projects": Yuzui and Jinggang Dyke(a water dividing dyke), Baopingkou(a water inlet), and Feishayan(a spillway). The dyke divided the River Min into two parts. The inner river is connected to the Baopingkou. And the Feishayan discharges flood and silt from the inner river to the outer. These projects have composed a scientific irrigation and drainage network. Finally, in the Chengdu Plain were digged a dozen channels for irrigation. Some of them are connected eastward to the River Bu. Since then the Dujiangyan System has been bring great benefits to agricultural production. This resulted in the population increase and establishment of new counties which have made the plain a "Land of Abundance".

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A Study on the Wise Use and the Management of Intertidal Environment - With Focus on Kanghwa island mudflat by satellite image interpretation and sediment analysis - (조간대 지역의 올바른 관리 및 이용방안에 관한 연구)

  • Park, Eui-Joon;Seo, Jong-Chul
    • Journal of the Korean association of regional geographers
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    • v.7 no.2
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    • pp.82-96
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    • 2001
  • The purpose of this study is to investigate the wise use and the management of intertidal environment. For tills purpose, we selected the Kanghwa island mudflat which is one of the most important intertidal region in Korea peninsula. The main research method is surface sediment and several map analysis. The results are as follows. (1) The study area is worldwide coastal wetland in view of ecology and geomorphology. But most of the salt marsh has been reclaimed since Japanese colonial period, the study area is mainly composed of mudflat. (2) The mean tidal regime of study area is 7.3m. From this tidal regime, the study area is subdivided into four distinct areas: the high intertidal area the middle intertidal area the low intertidal area and the shallow sea area terrestrial area near mudflat. (3) The mean particle size of surface sediment is sand 41.5%, silt 47.3%, clay 11.2%. This particle size pattern indicates the ecological characteristics of surface sediment of the study area. The proportion of clay is increasing to the open sea. (5) The pursuit of the wise use and the management must be implemented by the consideration of not only ecologic and sedimentary characteristics but also of the eco-tour site plan. And the entire use and management subject is different in each area.

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Effects of Planting Densities and Maturing Types on Growth and Yield of Soybean in Paddy Field

  • Cho, Jin-Woong;Lee, Jung-Joon;Oh, Young-Jin;Lee, Jae-Dong;Lee, Sang-Bok
    • KOREAN JOURNAL OF CROP SCIENCE
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    • v.49 no.2
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    • pp.105-109
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    • 2004
  • Field studies were conducted in the southeastern Korea ($36^{\circ}$N) on a commerce silt loam soil at paddy field. Seed were manually planted on 16 July 2003. Plants were planted with plant densities of 70${\times}$10 cm (row width x plant spacing), 50 x 10 cm, and 30 ${\times}$10 cm. Two seedlings per hill were taken prior to V3 stage. Fertilizer was applied prior to plant at a rate of 30-30-34 kg (N-$\textrm{P}_2\textrm{O}_5$-$\textrm{K}_2\textrm{O}$) per ha. Experimental design was a randomized complete block in a split plot arrangement with three replications. Yield from different planting densities responded similarly in three soybean cultivars and increased when planting density increased. Somyeongkong showed the highest increasing rate of yield about 26% by 338 g $\textrm{m}^{-2}$ at 30 x l0 cm compared to yield of conventional planting density (70 x 10 cm). Also, the planting density significantly affected pod and seed number and seed weight, but not seed per pod. The tallest plant appeared at 30${\times}$10 cm. The change of leaf area according to days after emergence showed differently in soybean cultivars. The highest and lowest total dry matter production per square meter appeared at 30 x 10 cm and at 70 x 10 cm, respectively. Crop growth rate (CGR) showed greater at R3∼R4 stages compared with V7∼R2 or R2∼R3 growth stages and showed the greatest at 30 x 10 cm in three soybean cultivars. As late planted soybean, there was a significant relation between seed yield and CGR, and leaf area index (LAI) according to planting densities at before and after the flowering stage. Relationship between seed yield and CGR in three planting densities showed a highly significant positive relation ($\textrm{R}^2$=0.757) at R3 to R4 stages, and significant relations ($\textrm{R}^2$=0.505, 0.617) at V7 to R2 and V2 to V3. Also, there was a highly significant positive difference between seed yield and LAI during R3 to R4 and R2 to R3 stages.

Influence of Silicate Application on Rice Grain Quality (규산 시용이 미입의 품질에 미치는 영향)

  • Kang, Yang-Soon;Lee, Jong-Hoon;Kim, Jeong-Ill;Lee, Jae-Saeng
    • KOREAN JOURNAL OF CROP SCIENCE
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    • v.42 no.6
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    • pp.800-804
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    • 1997
  • To evaluate the characters related to rice grain quality as affected by silicate application, the ripened color, appearence and physicochemical properties of rice grain which were produced at the silt-loam paddy field of National Yeongnam Agricultural Exeperiment Station with a little poor drainage for trials on long-term effects of continuous application of same fertilizer were analyzed comparing with the NPK fertilizer an the NPK+compost in 1995. The whiteness value and color space value in ripened color of rice hull by silicate application were higher than those in the plots of NPK and NPK+compost, because of low percentage of rusty grain and sooty grain, The percentage of perfect grain in brown rice and in milled rice by the silicate application increased by 6.1~7.5% and by 1.8~3.5% respectively, as compared with the NPK application and white core and white belly of milled rice were decreased, The amylose content, protein content and starch-iodine blue value of milled rice by silicate application were lower than those in the plots of NPK and NPK+compost, while the peak point and breakdown viscosity of gelatinized rice flour on amylograph, and tastes value evaluated as a indicater of pannel test by nireco tester were higher. By silicate application these factors could be affected toward better in eating quality.

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Effects of Two Different Rhizobium Strains on Nodulation and Growth of Lucerne (Medicago sativa L.) in an Acid Soil (균계를 달리하는 근류균이 산성토양 조건에서 알팔파의 근류형성과 생장에 미치는 효과)

  • Choe, Z.R.;Kim, J.K.;Bin, Y.H.
    • KOREAN JOURNAL OF CROP SCIENCE
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    • v.25 no.2
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    • pp.38-48
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    • 1980
  • To evaluate Rhizobium meliloti BALSAC, a strain selected from Canada as an acid tolerant one, and ordinary lucerne inoculant in acid condition, lucerne (Medicago sativa L. cv. Wairau) was inoculated and/or pelleted in the laboratory, and grown for two months in an acid soil (Lismore silt loam, pH 5.4) with three levels of lime in the, glasshouse. The results of controlled (noninoculated), nitrogen fertilized, laboratorial and commercial inoculated seeds were compared to give the following conclusions: 1. There was no significant difference in the top and root dry matter yields between two Rhizobium strains. However, Balsac inoculant showed higher single nodule dry matter weight and relatively higher number of larger nodules than the ordinary inoculant. 2. Lime application increased dry matter yields of plants and nodules, and the number of nodules per pot and the increase of nodules on the lateral roots in both inoculants. Lime application also caused an evenly distribution of nodules on the root by showing an increase of nodules mainly on the lateral roots. 3. Fertilizer nitrogen without inoculant slightly increased the nodulation percentage, the nodule dry matter weight per nodule and the relative proportion of larger nodules. 4. Commercially inoculated and pelleted seed showed less consistent results. 5. Relatively larger variations in measuring nodule characteristics was discussed and concluded that extreme cares should be given to reduce the variation.

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