• International Area Studies Review
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• v.13 no.3
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• pp.287-308
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• 2009

This article examines the distributional characteristics of the return of Chinese stock market indices. The majority of previous empirical researches have tended to focus upon the simple stock market index. However, this study focuses on the four indices which represent the characteristics of each stock market index. The empirical findings indicate that the returns of the four chinese indices are not normally distributed at conventional levels. The Ljimg-Box -statistics indicate the returns of the index of A shares are not serially autocorrelated. However, the returns of the index of B shares are serially autocorrelated. The empirical findings also indicate returns of the four chinese indices are not serially autocorrelated. The statistics of Regression Specification Error Test and ARCH indicate the returns of all four indices are not serially linear. The findings also indicate that E- GARCH model is the most fittest model for the returns of the four chinese indices and the forecast error can be reduced by using student t distribution rather normal distribution.

• Korean Institute of Interior Design Journal
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• v.14 no.3 s.50
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• pp.114-121
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• 2005

Louis 1. Kahn was a wise architect who learned from history. He developed his own unique architecture by combining his creative sense with design principles and vocabularies that can be found in historical architecture. When restricting a space, he surrounded the space with thick walls as it had been done in historical buildings. The interior space encompassed by this method became a center-oriented and stable space. The objective of this study is to find the characteristics of Kahn's interior spaces by analyzing his projects in terms of space, form, daylight and materials. For this purpose, five works that are considered to have significance from the aspect of interior design were selected and analyzed. The characteristics realized through this study are as follows. A) Spatial features: 1) Generally speaking, each required space has been arranged symmetrically. 2) Being clearly defined as the main space, the subsidiary space, or the service space, each space also was placed very functionally. 3) The space encompassed by thick walls became a center-oriented, stable space. And in most case, it was characterized as a dark space. B) Formative features: 4) The space was defined as a basic solid such as a cylinder, a hexahedron, and an octagonal box, and was developed into a complex shape by the recessed windows. 5) Historical vocabularies such as an arch, a vault, and a dome were reinterpreted in new ways by kahn's own eyes. 6) Haying diverse shapes, the skylights enrich the space in terms of form. C) Daylight feature: 7) The vertical light entering through the skylights creates a solemn and mysterious atmosphere. 8) Given the shadows from the windows that change according to time, the interior space becomes a very vivid space. D) Material feature: 9) Harmonized with cold and smooth materials such as exposed concrete, metal, and glass, the interior space provides a modern atmosphere. 10) Warm appearing wood was used for furniture and part of walls or floors. The effective use of wood takes on a role that is quite complementary to the cold ambience of the smooth and cold materials. 11) With flexibility In building shapes, the concrete becomes the form-endowing materials.