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The Impact of Financial Inclusion on Economic Growth, Poverty, Income Inequality, and Financial Stability in Asia

  • RATNAWATI, Kusuma
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.73-85
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    • 2020
  • As an effort to achieve sustainable development and increase people's welfare, financial inclusion has become the policy agenda of many countries. Therefore, the effect of financial inclusion on economic growth, poverty, income inequality, and financial stability in several countries in Asia has become the goal and this is the subject of this study. Financial inclusion is measured by 3 dimensions, namely banking penetration, access to banking services, and use of banking services. Poverty ratio below the national poverty line and the Gini coefficient are used as indicators of poverty and income inequality. Financial stability is measured by Bank Z-Score and bank nonperforming loans. The results from the hypothesis test shows that all dimensions of financial stability simultaneously have significant influence on economic growth, poverty, income inequality, and financial stability. On the other hand, the partial impact of financial inclusion dimension on economic growth, poverty alleviation, income inequality, and financial stability in ten countries of Asia has not been optimal. The derived results of this study is required to be interpreted and considered by the Governments of each country in developing strategies for increasing financial inclusion, so that the policy to achieve sustainable development and enhancement of people's welfare can be achieved.

Factors Affecting the Behavioral Intention and Behavior of Using E-Wallets of Youth in Vietnam

  • PHAN, Trong Nhan;HO, Truc Vi;LE-HOANG, Phuong Viet
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.295-302
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    • 2020
  • The study examines an empirical case that explores the key constructs of the Unified Theory of Acceptance and Use of Technology (UTAUT) (Venkatesh, Morris, Davis & Davis, 2003) and the relationship between security and privacy of the Theory of Perceived Risk (TPR) (Bauer, 1960). This study employs survey data of 200 young Internet users aged 18 to 25. The study was conducted through two steps: preliminary research by qualitative research method to form the official research scale then formal research by quantitative research method using CFA and SEM to test the research model. The research results show that performance expectancy and social influence significantly predict behavioral intention to use e-wallets in payment. In contrast, the factors, namely, security and privacy, and effort expectancy, are statistically insignificant on behavioral intention. Nevertheless, the facilitating conditions factor still affects the behavior of using e-wallets. The study proposes a model to generalize the online payment environment through the integration of UTAUT and TPR models that are important for online payment management and researchers in the technology environment. The findings of this study suggest that social influence significantly affects the intention of young people to use e-wallets instead of security and privacy.

A Study on Statistical Modeling of Spatial Land-use Change Prediction (토지이용 공간변화 예측의 통계학적 모형에 관한 연구)

  • 김의홍
    • Spatial Information Research
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    • v.5 no.2
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    • pp.177-183
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    • 1997
  • S1he concept of a class in the land-use classification system can be equally applied to a class in the land-use-change classification. The maximum likelihood method using linear discriminant function and Markov transition matrix method were integrated to a synthetic modeling effort in order to project spatial allocation of land-use-change and quantitative assignment of that prediction as a whole. The algorithm of both the multivariate discriminant function and the Markov chain matrix were discussed and the test of synthetic model on the study area was resulted in the projection of '90 year as well as '95 year land -use classification. The accuracy and the issue of modeling improvement were discussed eventually.

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A Study on Development of Brake System of Light Eco-Friendly Car Considering Heat Load and Regenerative Braking Characteristic (열부하 및 회생 제동 특성을 고려한 경형 친환경차의 제동시스템 개발에 관한 연구)

  • Shim, J.H.;Shin, U.H.;Lee, J.H.;Hwang, S.R.;Yim, W.S.;Kim, B.C.
    • Journal of Auto-vehicle Safety Association
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    • v.12 no.2
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    • pp.7-13
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    • 2020
  • Recently, there is a big issue of downsizing on brake system according to fuel efficiency and regenerative braking cooperation control. Especially, small cars have improved in a variety ways such as electric vehicle and smart car compared to previous small cars. So, small brake system is strongly required in the car industry. A new small brake system for light compact vehicles was proposed in this paper. For this system, the solid type disc and caliper were newly developed. And the important design factors were considered to reduce brake size. First, we calculated the temperature rise of disc through heat capacity formula and CAE analysis. Second, we analyzed the housing and carrier stiffness of caliper to select the reasonable condition. Finally, the superiorities of the developed brake system were verified by heat capacity, consumption liquid level, braking feeling, judder, wear test and regenerative braking cooperation control analysis. A developed brake system is expected to be useful for brake system of light compact platform.

Antecedents of attitudes toward counterfeit luxury fashion goods (패션명품 복제품 태도에 대한 선행변수)

  • Park, Hye-Jung
    • The Research Journal of the Costume Culture
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    • v.23 no.2
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    • pp.310-325
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    • 2015
  • The market for counterfeit luxury fashion goods is proliferating across the globe. In an effort to provide some insight into this phenomenon, this study aimed to identify the antecedents of attitudes toward counterfeits of luxury fashion goods. As antecedents, counterfeit proneness and attitudes toward counterfeiting were considered. It was hypothesized that counterfeit proneness not only influences attitudes toward counterfeits of luxury fashion goods directly but also indirectly through attitudes toward counterfeiting. Data were gathered by surveying university students in Seoul, using convenience sampling. Three hundred five questionnaires were used in the statistical analysis. SPSS was used for exploratory factor analysis, and AMOS was used for confirmatory factor analysis and path analysis. The results showed that all the fit statistics for the variable measures were quite acceptable. In addition, the overall fits of the hypothesized model suggest that the model fits the data well. Factor analysis revealed that counterfeit proneness and attitudes toward counterfeits of luxury fashion goods were uni-dimensional and that attitudes toward counterfeiting were two dimensional, which are 'normatively less susceptible' and 'value conscious'. Test of the hypothesized path showed that counterfeit proneness influences attitudes toward counterfeits of luxury fashion goods indirectly through the two factors of attitudes toward counterfeiting. The results suggest some implications for anti-counterfeit businesses.

Occurrence of Pseudomonas aerusinosa infection in the broilers in Korea

  • Joh, Seong-joon;Kim, Min-chul;Kwon, Yong-kuk;Kim, Jae-hong
    • Korean Journal of Veterinary Research
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    • v.45 no.1
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    • pp.71-74
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    • 2005
  • Pseudomonas aerusinosa infection was diagnosed in broiler chicks, and was submitted to the National Veterinary Research and Quarantine Service in Korea. The total mortality rate was about 1,500 birds out of 22,000 broilers. Clinically, affected birds showed clinical signs including depression and anorexia with lameness and trembling of the leg. At necropsy, the dead broilers appeared to have omphalitis, yolk sac infection, fibrinous epicarditis, and fibrinous exudates in liver with swollen hock joint. Microscopically, there were multiple necrotic foci in the liver, fibrinous exudates in the heart, and infiltration of heterophils into the joint spaces of the hock joint. Pseudomonas aerusinosa was isolated from the heart, liver and hock joint, and the isolate was named P-200. In effort to estimate the virulence of P-200, 1-day-old chicks were challenged intramuscularly and intrayolksacally with the isolate. On the basis of mortality rate, the isolate P-200 was found to be highly virulent. This is the first report of an occurrence of Pseudomonas aerusinosa infection in broilers in Korea.

Shipyard Spatial Scheduling Solution using Genetic Algorithms

  • Yoon Duck Young;Ranjan Varghese
    • Proceedings of the Korea Committee for Ocean Resources and Engineering Conference
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    • 2004.11a
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    • pp.35-39
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    • 2004
  • In a shipyard, there exist various critical decision making components pertaining to various production hindrances. The most prominent one is best-fit spatial arrangement for the minimal spatial occupancy with better pick-ability for the erection of the ship in the dock. During the present research, a concept have been conceived to evade the gap between the identification oj inter-relationships among a set of blocks to be included on a pre-erection area, and a detailed graphical layout of their positions, is called an Optimal Block Relationship Diagram A research has been performed on generation of optimal (or near Optimal) that is, with minimal scrap area. An effort has been made in the generation of optimal (or near-optimal) Optimal Block Relationship Diagram with the Goldberg's Genetic Algorithms with a representation and a set of operators are 'trained' specifically for this application. The expected result to date predicts very good solutions to test problems involving innumerable different blocks to place. The suggested algorithm could accept input from an erection sequence generator program which assists the user in defining the nature and strength of the relationships among blocks, and could produce input suitable for use in a detailed layout stage.

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Analysis of Surface Tracking of Micro and Nano Size Alumina Filled Silicone Rubber for High Voltage AC Transmission

  • Loganathan, N.;Chandrasekar, S.
    • Journal of Electrical Engineering and Technology
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    • v.8 no.2
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    • pp.345-353
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    • 2013
  • This paper discusses the experimental results in an effort to understand the tracking and erosion resistance of the micro and nano size $Al_2O_3$ filled silicone rubber (SIR) material which has been studied under the AC voltages, with ammonium chloride as a contaminant, as per IEC 60587 test procedures. The characteristic changes in the tracking resistance of the micro and nano size filled specimens were analyzed through leakage current measurement and the eroded masses were used to evaluate the relative erosion and tracking resistance of the composites. The fundamental, third and fifth harmonic of the leakage current during the tracking study were analyzed using moving average current technique. It was observed that the harmonic components of leakage current show good correlation with the tracking and erosion resistance of the material. The thermogravimetry-derivative thermo gravimetric (TG-DTG) studies were performed to understand the thermal degradation of the composites. The physical and chemical studies were carried out by using scanning electron microscope (SEM), Energy Dispersive X-ray analysis (EDAX) and Fourier Transform Infra-red (FTIR) Spectroscopy. The obtained result indicated that the performance of nano filled SIR was better than the micro filled SIR material when the % wt. of filler increased.

Development of Integrated Monitoring Middleware System for 400km/h High Speed Railway Measurement Data (400km/h급 고속철도 계측데이터 통합 모니터링 미들웨어 시스템 개발)

  • Hwang, KyungHun;Na, JunSu;Song, ByungKeun;Yang, OKYul
    • Convergence Security Journal
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    • v.13 no.6
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    • pp.61-68
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    • 2013
  • Needs for a new technologies of infrastructure systems arose, following the development of next generation EMU(Electric Multiple Unit) train with maximum speed over 400km/h. For high-speed operation tests of the new EMU, a high-speed railway infrastructure test-bed was constructed in a 28km long section of the Honam High-speed Railway. Diverse sensors and monitoring system was installed for continuous monitoring of the railway. Due to such effort, further demands and needs of the integrated monitoring system was derived in a more comprehensive and long-term perspective.

Development of CITIS Model and Analysis of Its functionality as a Collaborative Virtual Factory for Construction Projects (건설프로젝트의 협업적 가상기업으로서의 CITIS 모델개발 및 성능분석에 관한 연구)

  • Han Seung Heun;Chin Kyung Ho
    • Korean Journal of Construction Engineering and Management
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    • v.3 no.2 s.10
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    • pp.87-98
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    • 2002
  • Korea government is making an effort to improve the efficiency in construction industry by introducing CITIS (Contractor integrated Technical Information Service). In order to provide a base for the application of CITIS into the construction industry, this research provides a concept of virtual factory which should be incorporated into CITIS system for the successful collaborative work in the virtual space. It then implements a prototype system through process and data modeling to apply into the road construction projects. The prototype system is tested to verify its efficiency. Finally, lesson learned from these works is provided to advance the current CITIS toward a collaborative virtual factory.