• 무역학회지
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• 제45권4호
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• pp.107-123
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• 2020

The purpose of this paper is to analyze the Granger Causality relations between Korean FDI and exports in Vietnam using time-series from 2005 to 2019. Using 15-industry semi-annual data of Korean FDI and exports toward Vietnam, the Granger Causality Tests were conducted. Var and VEC models were decided after unit-root and cointegration tests of variables. Findings and implications of the empirical tests are as follows. First, unexpectedly FDI did not Grange-cause exports only in one direction. In two industries, food & beverage and medical & chemical products, there were Granger causality relations in both directions. In eight industries including print, publishig, pulp & paper, exports did Grange-cause FDI. In the rest of five industries including automative & trailer industry, there were no Granger Causality relation in both directions. Second, we presume that the both direction-causality relations are desirable phenomenon for Korea. Because Korean FDI and exports are increasing at the same time. On the other hand, substitution relationship between Korea's exports and FDI occur in the industry that exports did Grange-cause FDI. Finally, more in-depth researches considering Vietnam's consumer demand and the oriented characteristics of FDI are needed. The results of this research will contribute to understand structural patterns of FDI and exports in Vietnam and to make investment and export decisions.

• The Journal of Asian Finance, Economics and Business
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• 제7권12호
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• pp.677-682
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• 2020

To investigate the nexus between urban population, gross capital formation, and economic growth in the Kingdom of Saudi Arabia, yearly data was collected from the World Bank for the period 1974- 2018. Basic statistics test and correlation matrix was used to investigate the causal effect among the tested parameters, followed by Augmented Dickey-Fuller (ADF) stationary test, co-integration analysis by Johansen test after that Vector Auto-Correction Model for both short-run and long-run and finally the Granger-Causality tests. Result of unit root test analysis shows that the urban population became stationary at I (0) level while economic growth and gross capital formation became stationary at I (1). Johansen co-integration analysis indicates that there is presence of both long-run and short-run relationship between the three variables in the Kingdom of Saudi Arabia. The result of the VECM Model reflects that both economic growth and gross capital formation have a negative impact on urban population in the short run. According to the Granger-Causality tests, there is unidirectional causality with the urban population by both gross capital formation and economic growth. Also, the result of the Granger Causality tests show that there is unidirectional causality between economic growth and gross capital formations.

• Journal of Biosystems Engineering
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• 제37권4호
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• pp.225-232
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• 2012

Purpose: Accurate monitoring of information from various agricultural vehicles is one of the most important factors for appropriate management strategy of field operations. While there has been a number of study and design on applications of sensors and actuators for data acquisition and control system in tractor, incompatibility between various customized hardware and software has become a major obstacle to the universal deployment in real field operation. International standard for implementation of electronic control unit (ECU) in agricultural vehicles has becoming a mandatory requirement for inter-operation compatibility in the international trade of agricultural vehicle industries. The ISO 11783 standard is basically based upon well known communication technology designated using the controller area network (CAN) bus. While CAN bus could provide 1.0 Mbps of communication speed, the standard only recommended 250 kbps. Methods: This study presents the implementation and evaluation of ISO 11783 for tractor electronic control units (TECU)with a higher transmission rate from multiple ECU than 250 kbps. Throughput and loss rate of the developed prototype were calculated across manipulated bus load for laboratory experimental tests, and the maximum requirement of transmission rate by ISO 11873 was satisfied with lower than 60% of bus load. Results: Field tests with a TECU implemented to process messages from global positioning system (GPS) receiver resulted that the root mean square error of position information was lower than 4 m with 0.5 m/s as a travelling speed. Conclusions: Results of this study represent the utilization of the international standard ISO 11783 to providepractical developments in terms with the inter-operability of TECU.

• 한국정밀공학회지
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• 제16권1호통권94호
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• pp.108-115
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• 1999

Since grinding is a more complicated process than any other machining process, it is hard for operators to setup a grinding machine properly and to find out correctly abnormal grinding states resulting in damages to products. Abnormalities would be caused by improper setup, improper dressing/grinding conditions which are likely to be occurred without skilled operators' attention. In this study, an AE monitoring unit is developed to help operators conduct with ease setup, and set properly dressing/grinding conditions. AErms(root-mean-square) signal being monitored, on-going process states during grinding and dressing is visualized for machine operators to judge whether the processes are in good condition. Evaluation tests are carried out on centerless grinding machines-both cylindrical and internal. The developed AE monitoring system is verified to be useful to check grinding/dressing states in process even in the centerless grinding of which process is most unknown among various grinding methods because of the complex structure.

• The Journal of Asian Finance, Economics and Business
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• 제5권2호
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• pp.15-24
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• 2018

The study examines the magnitude of economic spillover and the impact of foreign direct investment (FDI) inflows on the efficiency of the bank industry in China. This study employs unit root tests, cointegration tests and cointegrating regression analysis, including fully modified ordinary least squares (FMOLS), canonical cointegrating regression (CCR) and dynamic OLS (DOLS) to test the proposed hypotheses. The sample is restricted to the period of time in which monthly data is available and comparable among variables for the period from January 2002 to October 2013 (142 observations). All of the time series data was collected and retrieved from the People's Bank of China, China Monthly Statistics from the National Bureau of Statistics of China, and International Financial Statistics database from International Monetary Fund. The results of the Johansen cointegration test suggest that there is a long-run equilibrium relationship between FDI inflows, foreign exchange rate and banks performance in China. The results of cointegrating regression analysis using FMOLS, CCR and DOLS suggest that M2 supply and FDI inflows are significant at the 0.01 level. The results confirm that FDI inflows in the banking sector are positively related to the increase of banks productivity and performance and short-term loans in China. However, the results suggest that Chinese Yuan currency exchange rate to U.S. dollar is not significant in the banking and financial industry of China.

• Journal of the Korean Data and Information Science Society
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• 제25권2호
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• pp.385-392
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• 2014

랜덤워크 가설은 금융시장의 예측 어려움을 이론적으로 설명하는 가설이다. 현재까지 다양한 랜덤워크 검정방법들이 개발되어 왔으나 낮은 검정력과 유의수준 왜곡 등의 문제를 보이는 것으로 알려져 있다. 본 논문에서는 이러한 문제점들을 개선하기 위해 부호검정에 기초한 랜덤워크 검정방법을 제안하였다. 랜덤워크와 관련하여 흔히 사용되고 있는 Dickey와 Fuller (1979) 검정과 모의실험을 통해 성능을 비교하였다.

• Ocean and Polar Research
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• 제37권4호
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• pp.357-368
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• 2015

This study analyzed structural changes and asymmetry of price volatility during the period before and after a point of structural change in price volatility, using the Korean fresh common squid daily retail price data from January 1, 2004 to September 30, 2015. This study utilized the following analytical methods: the unit-root test was applied to ensure the stability of the data, the Quandt-Andrews breakpoint test was applied to find the point of structural change, and the Glosten-Jagannathan-Runkle GARCH and EGARCH models were applied to investigate the asymmetry of price volatility. The empirical results of this study are as follows. First, ADF, PP, KPSS and Zivot-Andrews tests showed that the daily retail price change rate of the Korean fresh common squid differentiated by logarithm was stable. Secondly, the ARIMA (2,1,2) model was selected by information criteria such as AIC, SC, and HQ. Thirdly, the Quandt-Andrews breakpoint test found that a single structural change in price volatility occurred on June 11, 2009. Fourthly, the Glosten-Jagannathan-Runkle GARCH and EGARCH models showed that estimates of coefficients within the models were statistically significant before and after structural change and also that asymmetry as a leverage effect existed before and after structural change.

• The Journal of Korean Physical Therapy
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• 제21권4호
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• pp.51-56
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• 2009

Purpose: This study examined the difference in the static balance ability according to the visual cues and postural tasks in normal subjects. Methods: Thirty participants (12 male, 18 female; mean age $24.63\pm1.43$ years) stood barefoot on a force platform in a one-legged stance, tandem Romberg stance and tandem Romberg with neck extension stance with a visual cue open and closes. The static balance was assessed by the center of pressure (CoP), surface electromyography root mean square (RMS) of the leg muscles according to the stance position. Results: In the CoP tests, the difference in the unit path length and circumference area was affected by the visual cue according to the stance posture (p<0.01). In the RMS tests, the difference in the tibialis anterior and medial gastrocnemius muscle was affected by visual cue in accordance with the stance posture (p<0.01). Conclusion: The visual cue and postural task affect the balance ability in normal subjects. Therefore, this study provides clinical evidence that the balance and postural control can be improved. Therapeutic intervention, such as an obstacle course, and a lower leg muscle performance program with a change in the base of support can affect the balance and postural control.

• Journal of Biosystems Engineering
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• 제29권1호
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• pp.59-64
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• 2004

This study was performed to determine drying equations of sarcodon aspratus. Drying tests for sarcodon aspratus were conducted in an experimental dryer equiped with an air conditioning unit. The drying tests were performed at three air temperatures of 30$^{\circ}C$, 40$^{\circ}C$ and 50$^{\circ}C$, and two relative humidities of 30% and 50%. Measured moisture ratio data were fitted with the selected four drying models(Page, Thompson, Lewis and simplified diffusion models) using stepwise multiple regression analysis. When the coefficients of determination and root mean square errors of moisture ratio were evaluated for four drying models, the Page model was found to fit adequately to all the drying test data with coefficient of determination of 0.9996 and RMSE of 0.00523.

• The Journal of Asian Finance, Economics and Business
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• 제8권12호
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• pp.31-38
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• 2021

This study contributes to the existing literature and tries to analyze the validity of the Fisher hypothesis in the Philippines. Using monthly data from January 1995 to December 2020, the empirical analysis used the Engle-Granger and Johansen cointegration testing technique. The correlation coefficient suggests a strong positive association. All things being equal, a rise in inflation leads to a rise in the nominal interest rate. The unit-root tests show that inflation and the nominal interest rate are both stationary. Based on both Engle-Granger and cointegrating regression Durbin-Watson tests, the nominal interest rate and inflation are cointegrated. Likewise, the results from Johansen cointegration indicate that there exists a long-run relationship between the variables. However, we rejected a one-to-one relationship between nominal interest rate and inflation. The error correction term coefficient (ECM) shows that it is statistically significant suggesting that the nominal interest rate adjusts to the inflation rate with a lag. The Pair-wise Granger Causality test reported a bi-directional causal relationship between nominal interest rate and inflation. Inflation targeting has been the monetary policy framework of choice for most central banks. In essence, the conclusions of this study are useful to central banks because they help them better comprehend the long-run equilibrium relationship between the nominal interest rate and inflation.