• Title/Summary/Keyword: commodity

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Lead-lag Relationship between the Shipping Freight Rate and Agricultural Commodity Import Price in Korea

  • Ha, Jae-Young;Shin, Youngran
    • Journal of Navigation and Port Research
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    • v.45 no.2
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    • pp.69-74
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    • 2021
  • This study aims to investigate the lead-lag relationship between the agricultural produce import price in Korea and the corresponding shipping freight rate. Since the Korean economy has pursued an export-driven growth strategy, mainly based on the manufacturing sector, the country has to depend on the vast majority of its agricultural produce consumption after import from foreign countries. Moreover, compared with other high-value products, transportation cost occupies a substantial share of the agricultural commodity price, resulting in changes in the shipping freight rate being a pivotal determinant of agricultural produce import. In this respect, this study explores the possible association between agricultural produce import in Korea and shipping freight rate and the lead-lag relationship. Using a monthly dataset of agricultural produce import prices and freight rates for Handysize and Panamax dry-bulkers for the period between January 2010 and November 2020, this study determines that the shipping freight rate, in general, leads the agricultural commodity price.

Spectacle and "Keeping Distance from Spectacle" in Fashion (패션에 나타난 '스펙터클' 및 '스펙터클과 거리두기')

  • Park, Ju-Hee
    • Journal of the Korean Society of Costume
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    • v.59 no.5
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    • pp.83-100
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    • 2009
  • In the 'Society of the Spectacle', Guy Debord argued that modern life was dominated by the commodity form and the false desires it engendered. He predicted in 1967 that culture would become the driving force in the development of the economy by the end of the century, He was sure when culture becomes nothing more than a commodity, it must also become the star commodity of the spectacular society. Fashion, the starriest of star commodities with its seductive fantasy approaches to the viewers occluding the commercial reality. From this point, the spectacular property of the modern fashion can be found. This study starts on the notion that the modern fashion is on the center of capitalist consumer culture and is constructed by spectacle. On this premise, the purpose of this study is analysing the attribute of 'spectacle' and 'keeping distance £Tom spectacle' in modern fashion expressed in fashion show, fashion media and fashion store. The fashion houses in the 1990s that recognised the commercial value of shock and spectacle were eager to employ young spectacularly visible named designers. They generated the publicity necessary for sales of perfume, cosmetics, bags and diffusion range of clothes through the visible fashion show and fashion media. In the fashion show and fashion media, fashion goods as the commodity both flaunts and disguises its commercial nature in spectacle. The spectacle on the fashion store is the process turning the commodity into image to arouse viewer's higher interest. In the fashion store, the appearance of the commodity such as space, display, package is considered more importantly than its 'utility value'. Meanwhile, the study also covered the innovative trial to evade the ubiquitous 'spectacle' in fashion area.

A Study on the Commodity Substitution of Housework (가사노동의 상품대체에 관한 연구)

  • 이기영
    • Journal of Families and Better Life
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    • v.5 no.2
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    • pp.45-64
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    • 1987
  • In this study the phenomenon of commodity substitution of housework is approach in the contexts of economic system, patriachal family system and housework-related human resources. the objectives of this study are as follows: (1) To measure the level of commodity substitution of housework in large cities. (2)To investigate the factors influencing commodity substitution of housework. The samples were composed of 982 housewives dwelling in 6 large cities including Seoul. The statistics used for data analysis were frequency distribution, percetile. multiple regression analysis. The major findings are the following; (1) When the housework was divided into two subdomains , in the domain of food the purchase level was for below average while in the domain of clothes, the level was quite higher than average. This result hows that commodity substitution has become more common in the domain of clothes by mass production of clothes on a commercial scale. (2) the level of commodity substitution of housework was influenced by the family attribute variables such as housewife's age, family income. housewife's education, family types, housewife's brought-up regions, presence of sewing machine, employment status of housewife, by one patriarchal norm variable such as home-orientedness, and by tow human resource variables such as importance of housework and household tasks performance competnecy. Among variables house wife's age was the most influential one and such variables as family income, housewife's education, household task performance competency, importance of housework, and home-orientedness were also important. Considering that the influence of home-orientedness demonstrates the importance of patriarchy and that importance of housework and that performance competency also are determined by the patriarchal variables such as sex-role attitude and home-orientedness, we can conclude that Hartmann's theoretical approach with which the changes of housework were explained in the two contexts of economic system and family system is applied to the changes of housework in Korea.

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Analysis on the Factors of Structural Changes and Prospects for Agricultural Land Use in Gyeongsangnam-do (경남 농경지 이용구조 변화요인 분석과 전망)

  • Choi, Se-Hyun;Cho, Jae-Hwan;Gim, Uhn-Soon
    • Journal of agriculture & life science
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    • v.46 no.6
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    • pp.173-184
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    • 2012
  • The objectives of this study are to analyze the factors affecting the structural changes of agricultural land use in Gyeongsangnam-do and to prospect for its future use. Seven commodity groups are categorized to include all agricultural products: rice, summer food crops, summer vegetables and other cash crops, fruits, barley, winter field vegetables, and winter greenhouse vegetables. We developed a model for acreage distribution among the seven commodity groups, and estimated the economic relations between prices and acreage distribution. The results showed positive relations exist between cultivating acreage and own commodity prices in all commodity groups, whereas competitive relations exist between summer commodity groups or winter commodity groups such that rice price decreases led to increases of fruits cultivating acreage or vice versa and winter vegetable price increases led to increases of winter greenhouse vegetables cultivating acreage or vice versa. Further, acreage elasticities with respect to own commodity prices or farm wage rates are estimated over the last 30 years, and future agricultural land use in Gyeongsangnam-do is prospected based on three different scenarios. Total agricultural land use in Gyeongsangnam-do will be decreased over the next 10 years from 159,000 ha in year 2010 to 143,000~153,000 ha in year 2020. By commodity group, cultivating acreage of rice, summer food crops, and barley will be decreased while cultivating acreage of summer vegetables, fruits, winter field vegetables, and winter greenhouse vegetables will be stagnant.

Regional Characteristics of Commodity Sales by Internet Shopping : A Case Study of G eshop (인터넷 쇼핑에 의한 상품판매의 지역적 특성 - G eshop의 경우 -)

  • 김영숙
    • Journal of the Korean Geographical Society
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    • v.38 no.5
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    • pp.769-785
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    • 2003
  • The regional distribution of the selling amount on the internet shopping is divided into urban areas and rural areas. In the urban areas, a large amount of selling and various commodity groups are purchased. In the rural areas, a small amount of selling simple clothing goods, home kitchen goods, and the others commodity groups are purchased. The regional distribution is considered dependent upon the size of population, the development degree of the education and service industry in the region, and the buying power of women in the 25 to 49 year group. This regional trend shows the difference of each population composition between urban and rural areas during the period of economic growth in our country affects internet shopping. Therefore consumer's limited purchase behavior is apparent in rural areas.

Commodity Prices, Tax Purpose Recognition and Bitcoin Volatility: Using ARCH/GARCH Modeling

  • JALAL, Raja Nabeel-Ud-Din;SARGIACOMO, Massimo;SAHAR, Najam Us
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.251-257
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    • 2020
  • The study investigates the role of commodity prices and tax purpose recognition on bitcoin prices. Since the introduction of bitcoin in 2008, emphasis has focused on economists, policy-makers and analysts drastically increasing bitcoin's accessibility and commodity values (Dumitrescu & Firică, 2014). This study employs GARCH and EGARCH from ARCH/GARCH family on daily nature data. We measure the volatile behavior of bitcoin by employing auto-regressive conditional heteroscedasticity model with the aim to explore the relationship between major commodities and bitcoin volatility. We focus on major commodities like gold, silver, platinum, and crude oil to be regressed with bitcoin. The daily prices of commodities were retrieved from www.investing.com and bitcoin prices from www.coindesk.com for the period from 29April 2013 to 16 October 2018. Results confirmed the currency's long-term volatile behavior, which is due to its composition and market dynamics, whereas the existence of asymmetric information effect is not confirmed. Tax recognition by other countries may in future help in controlling the volatility as bitcoin is not a country-specific security. But, only silver impacts on volatility in comparison to oil prices and platinum, which is due to its similar features with gold. Eventually, bitcoin can be used for risk diversification and money making.

Housewives' Types Classified by Benefits Sou인t of Preschool Child Education Commodity (취학전 교육상품의 기대편익에 따른 주부 유형 및 영향 요인)

  • Kim, Yoo-Kyung;Lee, Ki-Young
    • Journal of Family Resource Management and Policy Review
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    • v.10 no.4
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    • pp.65-85
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    • 2006
  • The purposes of this study are to classify housewives based on their perception of benefits sought of preschool child education commodity and to identify the characteristics of each type. For empirical analysis, the data for this study were collected from 400 full-time housewives with preschool child living in Seoul. The statistical methods adopted fur data analysis are cluster analysis, one-way ANOVA, Duncan's multiple range test and discriminant analysis. The major findings of this study are as follows : First, four housewives' types can be categorized by the level of those 3 dimensions. The name fur the types was given as 'sticking to one's belief type', 'taking importance to early stimulation type' 'conforming to and imitating others type', and 'believing blindly in education commodity type'. Second, the result of discriminant analysis shows that 'housewives' education level and their education-related values' element was the most crucial in classifying the housewives, and 'considering child's characteristics and educational home environment' element was the next. The results of this study suggest several implications fur the education of parents with preschool child. Parents' education programs differentiated by the objects and the problems should be developed : which are suitable for each housewives' type.

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An Analysis of Character Image Used to Fashion Commodity (패션상품에 활용된 캐릭터의 이미지에 대한 분석)

  • Yoo, Tai-Soon;Baek, Kyung-Sil
    • Fashion & Textile Research Journal
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    • v.3 no.3
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    • pp.241-248
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    • 2001
  • The purpose of this study is to examine the preference according to the domestic fashion company use the character image of the inside and outside of the country, the recognition for the importance of the character by examining the purchasing behavior of high school girls and college women as the major consumer in the character fashion commodity (in the center of the clothe and accessory), and the aid for the self-development and the licensing of the character in the future. This study targeted 491 high school girls and college women in Daegu and Kyung-pook area. The character preference according to the character image applied the fashion commodity was used the scale of seven point modified the S D (Semantic Differential) method for Kim, Chun-Ae's image measure. The followings are the conclusions of this study; Both the group of high school girls and the group of college women almost represented the similar reaction result for the images of 9 characters. For the preference of the group of high school girls and the group of college women for 9 character, for characters Tweety, Bugs Bunny, the group of college women represented more preference than the group of high school girls. However, for characters of Hello Kitty, Pazama sister's and Dalki, the group of high school girls represented more preference than the group of college women.

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A Field Survey of Rack-Type Warehouse for Commodity Classification System in Korea (국내 랙크식 창고 수용물품 등급분류를 위한 현장조사)

  • Kim, Woon-Hyung;Lee, Young-Jae
    • Fire Science and Engineering
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    • v.30 no.2
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    • pp.98-105
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    • 2016
  • A fire risk assessment in rack-type warehouse is typically determined based on the following factors: 1. flammability and fire loads for storage of goods, packing materials, and pallet, 2. a ceiling height of warehouse indoor spaces, and 3. height, arrangement, and spacing for storage racks. For appropriately extinguishing and protecting the fire in warehouses, therefore, it is necessary to classify combustibles considering the previously mentioned factors and to develop design Standards for sprinkler system. As the first step to apply automatic sprinkler system to domestic warehouses, this study investigated characteristics for commodity distribution and warehouse configuration using 28 warehouses in five distribution complexes located in Gyeonggi-do, South Korea. In addition, this study analyzed Standards for commodity distribution adopted in USA, Europe, and Japan. Using the field survey analysis, this study was aimed to provide baseline data to prepare for Commodity Classification Standard for warehouses in South Korea.