• Title/Summary/Keyword: economic activity

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Construction of Consumer Confidence index based on Sentiment analysis using News articles (뉴스기사를 이용한 소비자의 경기심리지수 생성)

  • Song, Minchae;Shin, Kyung-shik
    • Journal of Intelligence and Information Systems
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    • v.23 no.3
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    • pp.1-27
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    • 2017
  • It is known that the economic sentiment index and macroeconomic indicators are closely related because economic agent's judgment and forecast of the business conditions affect economic fluctuations. For this reason, consumer sentiment or confidence provides steady fodder for business and is treated as an important piece of economic information. In Korea, private consumption accounts and consumer sentiment index highly relevant for both, which is a very important economic indicator for evaluating and forecasting the domestic economic situation. However, despite offering relevant insights into private consumption and GDP, the traditional approach to measuring the consumer confidence based on the survey has several limits. One possible weakness is that it takes considerable time to research, collect, and aggregate the data. If certain urgent issues arise, timely information will not be announced until the end of each month. In addition, the survey only contains information derived from questionnaire items, which means it can be difficult to catch up to the direct effects of newly arising issues. The survey also faces potential declines in response rates and erroneous responses. Therefore, it is necessary to find a way to complement it. For this purpose, we construct and assess an index designed to measure consumer economic sentiment index using sentiment analysis. Unlike the survey-based measures, our index relies on textual analysis to extract sentiment from economic and financial news articles. In particular, text data such as news articles and SNS are timely and cover a wide range of issues; because such sources can quickly capture the economic impact of specific economic issues, they have great potential as economic indicators. There exist two main approaches to the automatic extraction of sentiment from a text, we apply the lexicon-based approach, using sentiment lexicon dictionaries of words annotated with the semantic orientations. In creating the sentiment lexicon dictionaries, we enter the semantic orientation of individual words manually, though we do not attempt a full linguistic analysis (one that involves analysis of word senses or argument structure); this is the limitation of our research and further work in that direction remains possible. In this study, we generate a time series index of economic sentiment in the news. The construction of the index consists of three broad steps: (1) Collecting a large corpus of economic news articles on the web, (2) Applying lexicon-based methods for sentiment analysis of each article to score the article in terms of sentiment orientation (positive, negative and neutral), and (3) Constructing an economic sentiment index of consumers by aggregating monthly time series for each sentiment word. In line with existing scholarly assessments of the relationship between the consumer confidence index and macroeconomic indicators, any new index should be assessed for its usefulness. We examine the new index's usefulness by comparing other economic indicators to the CSI. To check the usefulness of the newly index based on sentiment analysis, trend and cross - correlation analysis are carried out to analyze the relations and lagged structure. Finally, we analyze the forecasting power using the one step ahead of out of sample prediction. As a result, the news sentiment index correlates strongly with related contemporaneous key indicators in almost all experiments. We also find that news sentiment shocks predict future economic activity in most cases. In almost all experiments, the news sentiment index strongly correlates with related contemporaneous key indicators. Furthermore, in most cases, news sentiment shocks predict future economic activity; in head-to-head comparisons, the news sentiment measures outperform survey-based sentiment index as CSI. Policy makers want to understand consumer or public opinions about existing or proposed policies. Such opinions enable relevant government decision-makers to respond quickly to monitor various web media, SNS, or news articles. Textual data, such as news articles and social networks (Twitter, Facebook and blogs) are generated at high-speeds and cover a wide range of issues; because such sources can quickly capture the economic impact of specific economic issues, they have great potential as economic indicators. Although research using unstructured data in economic analysis is in its early stages, but the utilization of data is expected to greatly increase once its usefulness is confirmed.

The Consideration of Progressive Urban Park and The Possibility of Urban Agricultural Park (도시공원 진화상의 비판적 고찰을 통한 도시농업공원의 발전 가능성)

  • Yun, Hee-Jeong;Cho, Mi-Kyoung
    • Journal of Korean Society of Rural Planning
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    • v.18 no.2
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    • pp.81-90
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    • 2012
  • Urban parks are progressing but are in chaos in the twenty-first century. Therefore the purposes of this study are to consider critically and classify the new paradigm of urban parks. Urban parks are one of the space products, and progressing aspects can be divided into three parts; supply, demand and market aspects. In the abstract, urban parks' progress represents process, openness or voidness, general and cultural ecology, productivity, experience program, identity or sense of place, carriers of urban regeneration, urban infrastructure, community space, multi-layered activity, active space, communication with urban space, tool of low carbon strategy and consilience. But urban parks have come under increased criticism about the long period development on trees growth, covering open space, limitation of general and cultural ecology, production, activity programs, identity and community space, visible urban regeneration, economic validity, urban sprawl, not using as the low carbon strategy, and finally negative consilience with contiguous fields. We collected these critical consideration about progressing urban parks, and proposed urban agricultural park as one of the alternative urban parks. This is closely connected with sustainable region development, low-carbon society, local food, well-being, Lohas paradigm and amenity of urban life.

Factors of Welfare Recognition toward Health Insurance and Health Care: Using 2013 Korea Welfare Panel Study (건강보험 및 보건의료에 대한 복지인식에 영향을 주는 요인: 2013년 한국복지패널 자료를 이용하여)

  • Park, Young-Hee
    • The Korean Journal of Health Service Management
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    • v.9 no.3
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    • pp.115-126
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    • 2015
  • Objectives : This research was performed to investigate the characteristics and determination factors of health care policy satisfaction and welfare recognition for health insurance & health care financing. Methods : The utilized data were 4,174 cases who responded to a welfare recognition survey in the 8th wave of the Korea Welfare Panel Study (2013). The statistical methodology used in this study is the multiple regression model. Results : The significant affecting factors of health care policy satisfaction were age, education, household income, welfare attitudes, and health status. Medical utilization & private medical insurance were not related to health care policy satisfaction. The affecting factors of health insurance reinforcement were age, health status, welfare attitudes. The affecting factors of health care financing expansion were age, economic activity type, medical utilization, welfare attitudes. The affecting factors of welfare attitudes were age, economic activity type, household income, health insurance, and health status. Conclusions : Health care policy satisfaction, health insurance reinforcement, and health care financing expansion were all affected by age and welfare attitude; but this was not the case for private health insurance. This study recommended that the Korean government provide active planning for reinforcement of health insurance and publicity of the health care system in order to accord with the prospects of people.

The Effects of Restrictions in Economic Activity on the Spread of COVID-19 in the Philippines: Insights from Apple and Google Mobility Indicators

  • CAMBA, Abraham C. Jr.;CAMBA, Aileen L.
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.115-121
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    • 2020
  • This study aims to investigate the effects of restrictions in economic activity on the spread of COVID-19 in the Philippines. This research employs daily time-series data of confirmed new COVID-19 cases, Apple mobility trends (i.e., use of public transport to destinations, volume of people driving, and amount of walking to destinations) and Google community mobility (i.e., visits to transit stations, visits to workplaces, and staying-at-home) indicators covering the period February 17 to September 11, 2020. The analysis starts by establishing the correlation pattern of new confirmed COVID-19 daily infections to each independent variable. The results show negative linear correlation of the number of new COVID-19 daily infections with less visit to transit station, increase stay-at-home, less use of public transport, and less amount of walking to destinations. Interestingly, the number of new COVID-19 daily infections indicates some form of positive linear correlation with visits to workplaces and volume of people driving. Moreover, employing robust least square regression via the method of MM-estimation, major findings reveal that across mobility measures, staying-at-home has the highest impact on reducing the spread of COVID-19, followed by visiting transit stations less, less use of public transport, less amount of walking, and less workplace visits.

A Study on Characteristics of Labor Force Participation Rate and Work Environment of Female Workers (여성근로자의 노동시장 및 작업환경 특성 연구 - 성인지적 비교분석으로 통해 본 -)

  • Yi, Kwan Hyung
    • Journal of the Korean Society of Safety
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    • v.28 no.5
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    • pp.78-82
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    • 2013
  • The purpose of this study is to review the labor force partitpation rate and work environment characteristics of female workers to provide basic information for establishment and implementation of effective policies related to accident prevention and workers health protection for female workers. It was analyzed employment status, work environment and injuries and illnesses based on economic activity census results, compensation of industrial injury and the second working condition survey. According to economic activity census results, female labor force participation rate has been steadily increased, whereas male labor force participation rate has been decreased since 1970. Industrial accident rate has been declined in male workers but that in female workers has been steadily increased even though male workers were higher accident rate than female workers. It was evaluated that female workers are vulnerable to industrial injuries and illnesses in the aspect of their working environment and employment status. Also, Substantial differences between female and male workers in occupational exposure patterns, occupational disease and occupational environments were observed. Therefore it was recommended that special care programs for female workers such as a specialized monitoring and management program should be introduced in the near future.

Chemical forms of Heavy Metal Elements in Mine Wastes, Stream Sediments and Surrounding Soils from the Gubong Mine, Korea (구봉광산 일대 광미, 하상퇴적물 및 주변 토양에서의 중금속 원소의 존재 형태)

  • 김종옥
    • Economic and Environmental Geology
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    • v.32 no.3
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    • pp.261-271
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    • 1999
  • Mining activity in the Gubong gold mine started in 1908 and lasted up to recent days. Heavy metals derived from the activity may be porentially toxic to human life and envirinment of this area. Because metal toxicity depends on chemical associations into five operationally defined groups: exchangeable, carbonate, reducible, oxidizable, and residual fractions, and the Most of heavy metals have significant little significance (alomost<1%). And Cu is mainly associated with the oxidizable from. Total concentration of heavy metals, pH, and mineralogy affect the chemical forms of the metals. Heavy metal concentrations. Significant amounts of metal elements (5∼65.1% in Pb, 6.2∼39.7% in Zn, 8.7∼54.7% in Cd, and 3.6∼24.7% in Cu) were present in carbonate form from mine wastes, contaminated soils and sediments. High pH value and cerussite (Pb bearing carbonate mineral) in mine wastes, contaminated soils and sediments. High pH value and cerussite (Pb beraring varbonate mineral) in mine waste support this result. Areas with high corbonate bound from would have higher potentoal conamination, however, because elements of carbonate bound forms are easily mobilized under lower pH conditions in the surface envionments due to acid to rain soil acidification.

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Characteristics of Immobilized PVA Beads in Nitrate Removal

  • Cho Kyoung-Sook;Park Kyoung-Joo;Jeong Hyun-Do;Nam Soo-Wan;Lee Sang-Joon;Park Tae-Joo;Kim Joong-Kyun
    • Journal of Microbiology and Biotechnology
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    • v.16 no.3
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    • pp.414-422
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    • 2006
  • Before applying PVA bio-beads to practical biological treatment of nitrate-containing wastewater, their characteristics were examined. PVA bio-beads could steadily produce nitrogen gas from nitrate for 28 batches with 0.04 ml/l/h of the maximum gas production rate; however, the maximum gas production rate dropped remarkably thereafter with apparent deformation of beads. Addition of 2.2% solution containing 1% casamino acid, 1% yeast extract, 0.1% mineral solution, and 0.1% vitamin solution to the culture medium resulted in not only recovery of activity of deactivated beads, but also a higher rate of gas production. Calculation of economic benefit for the use of bio-beads in a long-run operation indicated that reactivation of bio-beads by chemicals had economical advantages over packing new bio-beads in the system. The continuously stirred bioreactor exhibited a satisfactory performance at HRT of 20.0 h. With a 9.5 mg $NO_{3}^{-}N/l/h$ nitrate removal rate, nitrate could completely be removed without nitrite accumulation. The use of PVA bio-beads in nitrate removal appears very promising.

A study on the Fosterage Finance Cooperative System Considering the Characteristics of Fire Protection Industry (소방산업의 특성을 고려한 금융공제시스템 육성에 관한 연구)

  • Jung, Jung-Ki
    • Journal of the Korean Society of Hazard Mitigation
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    • v.10 no.5
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    • pp.97-108
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    • 2010
  • Recent patterns of diversification of a disaster, depending on the size of the larger trend, quick and efficient response to disaster prevention, to increase the importance and role of advanced equipment and technology of fire protection industry is becoming more, over market size 11 trillion won and 10 million workers in industries of national importance, but to exceed, As most SMEs compared to other industries are backwardness. Therefore, in this study closely the characteristics of the fire protection industry analysis, the systematization of theoretical models of the finance cooperative system considering the characteristics of fire protection industry and provider the fosterage, they will contribute to independent economic activity and industrial development for operators to use the finance cooperative system of fire protection industry.

A Study on the Awareness & Preferences about the Elderly Care Facilities (노인 요양시설에 대한 의식 및 선호도 연구)

  • Shin, Hee-Sik;Chu, Yeon-Cheol;Youn, Chung-Yeul
    • Journal of the Korean Institute of Rural Architecture
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    • v.11 no.4
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    • pp.51-58
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    • 2009
  • The senior adults which are a central manpower of economic activity of the nation decreased and the elderly sustenance allowance already went over 10%. And the economic activity participation of the woman which are the supporter of the unpaid the elderly within the family is increasing. This big change is expected to support awareness. To respond to these changes, the improvement of social welfare system for elderly with the job of retirement lifestyles of the elderly, a figure that is needed for the ceremony. The elderly medical treatment facility that began in 2008 the elderly long-term medical treatment law enforcement because of the demand is expected to grow. It is forecast with the fact that the data which is fundamental is most important will become that old person medical treatment facility of the middle-aged layer which is a central role of the protector who decides the facility use of the preliminary consumer of the elderly care facility and currently the very the elderly and manhood ceremony and the preference to plan of the elderly welfare facility. The purpose of this study is to present the fundamental data about the elderly care facility for comparative analysis the awareness & perfernces of the elderly care facilities of the senior adults & the elderly.

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An analysis of determinants of non-farming income activities of female farmers: Focused on female farmers of Chungnam area (여성농업인의 농외소득활동 참여 결정요인 분석: 충남 지역 여성농업인을 대상으로)

  • Ahn, Soo Young;Kwon, Yong Dae
    • Korean Journal of Agricultural Science
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    • v.42 no.3
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    • pp.277-283
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    • 2015
  • This study aims at analyzing determinants of non-farming income activities of female farmers, and presenting how to support their participation in non-farming activities. The result of logistic regressive analysis whose subjects are female farmers in the Chungnam area indicates that human and economic capital variables that can predict non-farming income activity participation statistically significantly are persons at the age of 40s to 50s and female farmers who returned to the rural areas. Farming characteristic variables are households that receive subsidiary and participate in two different types of farming whose main farming is rice. The female farmers who spend longer hours doing household chores participate in non-farming income activities more actively. In terms of policy and on-site response variables, the interest in farming and farming businesses shows positive relation, and that of farming and community organization participation presents negative relation. These analysis results indicate that the local government must present the policy that can select non-farming income activity participation groups strategically. This study suggest that it is necessary to expand community centered-non-farming income activities, and to expand or make laws to support female farmer's participation in non-farming activities.