• Journal of the Korean Data Analysis Society
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• v.20 no.6
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• pp.2981-2991
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• 2018

The purpose of this paper is to examine the effect of local festivals on regional economic growth through empirical analysis of festival - economic growth relation. Theoretically, the theory of creative city is at the center of the discussion as to how festivals can influence economic growth. We used the regional convergence equation and used pooled OLS, fixed effect model, and GMM estimation method to analyze the effect of festivals on regional economic growth. According to this empirical analysis, the effect of festival variables such as the number of festivals and the festival period on economic growth has not been affected. This suggests that the effects of festivals on productivity and efficiency have not existed. This implies that the creative city theory that local festivals influence regional economic growth does not work well.

• The Transactions of the Korean Institute of Power Electronics
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• v.22 no.1
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• pp.89-93
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• 2017

This study proposes a grid voltage estimation scheme without a phase delay in the voltage-sensorless control of a grid-connected inverter to enhance its economic feasibility, such as manufacturing cost and system complexity. The proposed scheme estimates grid voltages using a disturbance observer (DOB)-based current controller to control the grid-connected inverter without grid-side voltage sensors. The proposed voltage-sensorless control scheme can be applied successfully to grid-connected inverters, which should be operated with synchronization to the grid, considering the phase angle of the grid can be effectively detected through estimating the grid voltages by DOB. However, a problem associated with the phase delay in estimated grid voltages remains because the DOB has dynamic behavior similar to low-pass filter. Hence, the estimated grid voltages are compensated by a phase lead compensator to overcome the limitation. The effectiveness of the proposed control and estimation schemes is proven through simulations and experiments using a 2 kVA prototype inverter.

• The Journal of the Korea institute of electronic communication sciences
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• v.8 no.12
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• pp.1833-1840
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• 2013

A golf ball collecting robot in a golf ball driving range has been recently required because it is safer and more economic than a human being. In this paper, the golf ball recognition and distance estimation system based on a neural network and OpenCV is developed for the robot. The simulation results show that the recognition ratio is over 87% for the distance of less than 120cm and accurate rate for distance estimation is over 85% for golf balls in 30-180cm from a webcam.

• The Korean Journal of Applied Statistics
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• v.20 no.2
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• pp.229-244
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• 2007

Among the small area estimation methods, it has been known that hierarchical Bayesian(HB) approach is the most reasonable and effective method. However any model based approaches need good explanatory variables and finding them is the key role in the model based approach. As the lacking of explanatory variables, adopting the spatial terms in the model was introduced. Here in this paper, we evaluate the model based methods with/without spatial terms using the diagnostic methods which were introduced by Brown et al. (2001). And Economic Active Population Survey(2005) is used for data analysis.

• Proceedings of the KIEE Conference
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• 2003.07a
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• pp.86-88
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• 2003

New cities and industrial complexes are being developed actively according to the government's policy. To determine the size of investment, number of power lines and substations for stable power supply to newly developed industrial complexes, the accurate estimation of power demand is necessary. "The standards for the estimation of power demands in newly developed residential and industrial complexes" established by KEPCO in 1991 have been used up to now. But the background for the estimation of power demands is weak and the accuracy has not been verified. Also, it has been passed above 10 years since their establishment and the social & economic situations have changed a lot, which requires an urgent revision. Through this survey and analysis of existing areas, new standards that will enable more accurate estimation of power demands in new cities and industrial complexes to be developed in the future are established by calculating the some kinds of power demand factors.

• Journal of Korea Port Economic Association
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• v.30 no.2
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• pp.133-143
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• 2014

The paper uses a panel gravity model to analyse the determinants of export via Gwangyang port for the period from 2000-2012. The gravity model includes export via Gwangyang port, GDP and population of trading partners, the distances between Korea and its partners, and Korea-ASEAN FTA dummy. Hausman test shows up which one is exactly appropriate between random effect estimation and fixed effect estimation to use panel dataset. It depends on whether or not existence or nonexistence of the correlation between unobserved omitted factors and variables. Fixed effect estimation is suitable for this paper by the rejection of null hypothesis. An Empirical analysis of this paper shows GDP influences positive effects and distance influences negative effects to Gwangyang port trading partners. In addition, the results strongly supported the effects of Korea-ASEAN FTA on the growth of Gwangyang port export.

• Journal of the Earthquake Engineering Society of Korea
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• v.20 no.6
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• pp.391-400
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• 2016

For earthquake loss estimation of building structures in Gangnam-Gu district in Seoul, three scenario earthquakes were selected by comparison of the response spectra of these scenario earthquakes with the design spectrum in Korean Building Code (KBC 2009), and then direct losses of the building structures in the Gangnam-Gu district under each scenario earthquake are estimated. The following conclusions are drawn from the results of damage and loss in the second scenario earthquake, which has a magnitude = 6.5 and epicentral distance =15 km: (1) The ratio of building stocks undergoing the extensive and complete damage level is 40.0% of the total. (2) The amount of direct economic losses appears approximately 19 trillion won, which is 1.2% of the national GDP of Korea. (3) About 25% of high-rise (over 10-story) RC building wall structures, were inflicted with the damage exceeding moderate level, when compared to 60% of low-rise building structures. (4) From the economical view point, the main loss, approximately 50%, was caused by the damage in the high-rise RC wall building structures.

• Journal of Korea Trade
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• v.24 no.7
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• pp.29-37
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• 2020

Purpose - This paper empirically investigates the relationship between country governance quality and worker remittances from foreign countries. Because remittances can be a source of funds for economic development and smoothing economic crises in developing countries, the related topic has been a concern for policy-makers and academic researchers. This paper divides the motives of remittances into altruistic and investment motives through existing papers, and then considers the governance quality the remittance receiving country as one of the determinants of remittances. Design/methodology - Our empirical model considers whether governance quality can affect the volume of remittances, and uses altruistic and investment factors studied in the literature. To do this, a two-step approach is taken. First, the panel data are examined via pooled OLS, random effects, and Tobit estimation. Second, the paper reduces six governance indicators into one variable, Governance, using the principal component technique (PCA) for a robustness check. Findings - The main findings can be summarized as follows. The negative governance variable in the estimation results shows a lower governance quality that induces workers to send savings to their home countries. This means that a country with poor governance quality seems to have more remittance inflows from abroad. It also reveals that poor governance quality is more relevant to an altruistic motive rather than an investment motive, in general. The positive per capita GDP variable shows the investment motive for developed countries. Originality/value - Existing papers have focused on various factors related to the motives of remittances. However, governance quality effects on remittance inflows have not been fully studied so far. This paper considers governance quality in an estimation equation explicitly as one of the determinants of remittances. This area of study is needed, in theory and empirically, in order to fully understand the relationship between governance and remittances.

• Ocean and Polar Research
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• v.39 no.3
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• pp.221-232
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• 2017

The purpose of this study is to estimate the extent of fisheries resource rebuilding and other economic effects on coastal gill-net fishery as a result of the Korean vessel buy-back program using with-without analysis based on methods estimating sustainable yields for all species caught by coastal gill-net fishery. Based on the results of with-without analysis, maximum sustainable yields (MSY) of all species caught by coastal gill-net fishery have been increased by the Korean vessel buy-back program. In addition, profits per vessel of maximum economic yield (MEY) of the species have been improved by the program. Further, yields and a producer surplus per vessel under an equilibrium of open access (OA) have increased because of the program. In detail, first of all, at the MSY level, the vessel buy-back program has led to about 21% fisheries resource recovery, and at the MEY level, it has led to about a 19% resource recovery. Secondly, at the MEY level and the OA level, the producer surplus per vessel has been increased by about 24% and 22% respectively by the vessel buy-back program.

• IE interfaces
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• v.21 no.4
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• pp.365-377
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• 2008

In this paper, for constructing the Korean Hazard Information System (KHIS), we conceptually design a hazard evaluation process. We first deal with a hazard evaluation process focused on flood hazard to give the most immense damage and loss. The hazard evaluation process is consist of a damage evaluation process and a loss evaluation process, and is used for transforming hazards from natural disasters into economic measures. The proposed process is developed based on the famous FEMA (Federal Emergency Management Agency)'s $HAZAS^{@MH}$methodology. We modify the FEMA's process to be mutually exclusive and collectively exhaustive, that is all losses from the hazards are included into the estimation process but the losses are not duplicated in the process. In addition to this, we define the loss process specifically by considering the characteristics from the hazard environments of Korea. We can expect that KHIS for evaluating economic losses from natural hazards can be developed based on the conceptual design for the economic loss evaluation process, and KHIS can be used as a useful tool for analyzing the feasibilities of mitigation plans in central/local governments.