• Title/Summary/Keyword: exchange rate constant

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Time-varying Cointegration Models and Exchange Rate Predictability in Korea

  • PARK, SOOKYUNG;PARK, CHEOLBEOM
    • KDI Journal of Economic Policy
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    • v.37 no.4
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    • pp.1-20
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    • 2015
  • We examine the validity of popular exchange rate models such as the purchasing power parity (PPP) hypothesis and the monetary model for Korean won/US dollar exchange rate. Various specification tests demonstrate that Korean data are more favorable for both models based on time-varying cointegration coefficients as compared to those based on constant cointegration coefficients. When the abilities to predict future exchange rates between those models based on time-varying cointegration coefficients are compared, an in-sample analysis shows that the time-varying PPP (monetary model) has better predictive power over horizons shorter (longer) than one year. Results from an out-of-sample analysis indicate that the time-varying PPP outperforms models based on constant cointegration coefficients when predicting future exchange rate changes in the long run.

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Estimation of Source Strength and Deposition Constant of Nitrogen Dioxide Using Compartment Model (구획모델을 이용한 주택에서 이산화질소의 발생강도 및 감소상수 동시 추정)

  • Yang Won-Ho;Son Bu-Soon;Sohn Jong-Ryeul
    • Journal of Environmental Health Sciences
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    • v.31 no.4 s.85
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    • pp.260-265
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    • 2005
  • Indoor air quality might be affected by source strength of indoor pollutants, ventilation rate, decay rate, outdoor level, and so on. Although technologies measuring these factors exist directly, direct measurements of all factors are not always practical in most field studies. The purpose of this study was to develop an alternative method to estimate the source strength and deposition constant by application of multiple measurements. For the total duration of 60 days, indoor and outdoor $NO_2$ concentrations every 3 days were measured in 30 houses in Seoul, Asan and Daegu. Using a compartment model by mass balance and linear regression analysis, penetration factor (ventilation divided by sum of air exchange rate and deposition constant) and source strength factor (emission rate divided by sum of air exchange rate and deposition constant) were calculated. Subsequently, the source strength and deposition constant were estimated. Natural ventilation was $1.80{\pm}0.42\;ACH,\;1.11{\pm}0.50\;ACH,\;0.92{\pm}0.26\;ACH$ in Seoul, Asan and Daegu, respectively. Calculated deposition constant(K) and source strength of $NO_2,$ in this study were $0.98{\pm}0.28\;hr^{1}\;and\;16.28{\pm}7.47\;ppb/h,$ respectively.

Kinetic Studies on Bromine-Exchange Reactions of Antimony Tribromide with $\alpha$-Phenyl-n-butyl and $\alpha$-Phenyl-i-butyl Bromides in Nitrobenzene$^\dag$

  • Rhyu, Sok-Hwan;Choi, Sang-Up
    • Bulletin of the Korean Chemical Society
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    • v.8 no.5
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    • pp.408-414
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    • 1987
  • The rate of bromine-exchange reaction between antimony tribromide and ${\alpha}-phenyl-n-butyl$ bromide in nitrobenzene has been determined, using antimony tribromide labelled with Br-82. The results indicate that the exchange reaction follows the first-order kinetics with respect to the organic bromide, and either the second- or first-order kinetics with respect to antimony tribromide depending on its concentration. The third-order rate constant obtained was 7.50 ${\times}10^{-2}l^2mol^{-2}s^{-1}$ at 28$^{\circ}$C. Similar study on the bromine-exchange reaction between antimony tribromide and ${\alpha}$-phenyl-i-butyl bromide has also been carried out. The results of the study show the same kinetic orders as the ones observed with $\alpha$-phenyl-n-butyl bromide. The third-order rate constant observed was 2.40 ${\times} 10^{-2} l^2mol^{-2}s^{-1}$ at 28$^{\circ}$C. The activation energy, the enthalpy of activation and the entropy of activation for the two exchange reactions mentioned above have been determined. The reaction mechanisms for the exchange reactions are discussed.

Residence s Exposure to Nitrogen Dioxide and Indoor Air Characteristics (거주지역 실내공기 특성 및 이산화질소 노출에 관한 연구)

  • 양원호;배현주;정문호
    • Journal of Environmental Health Sciences
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    • v.28 no.2
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    • pp.183-192
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    • 2002
  • Indoor air quality is affected by source strength of pollutants, ventilation rate, decay rate, outdoor level and so on. Although technologies exist to measure these factors directly, direct measurements of all factors are impractical in most field studies. The purpose of this study was to develop an alternative methods to estimate these factors by multiple measurements. Daily indoor and outdoor NO$_2$concentrations for 21 days in 20 houses in summer and winter, Seoul. Using a mass balance model and linear regression analysis, penetration factor (ventilation divided by sum of air exchange rate and deposition constant) and source strength factor(emission rate divided by sum of air exchange rate and deposition constant) were calculated. Subsequently, the ventilation and source strength were estimated. During sampling period, geometric mean of natural ventilation was estimated to be 1.10$\pm$1.53 ACH, assuming a residential NO$_2$decay rate of 0.8 hr$^{-1}$ in summer. In winter, natural ventilation was 0.75$\pm$1.31 ACH. And mean source strengths in summer and winter were 14.8ppb/hr and 22.4ppb/hr, respectively. Although the method showed similar finding previous studies, the study did not measure ACH or the source strength of the house directly. As validation of natural ventilations, infiltrations were measured with $CO_2$tracer gas in 18 houses. Relationship between ventilation and infiltration was statistically correlated (Pearson r=0.63, p=0.02).

Study on the characteristic of heat exchange for vertical geothermal system using the numerical simulation (수치 시뮬레이션을 이용한 수직밀폐형 지열시스템의 채열특성에 관한 연구)

  • Nam, Yu-Jin;Oh, Jin-Hwan
    • Journal of the Korean Solar Energy Society
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    • v.34 no.2
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    • pp.66-72
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    • 2014
  • Ground source heat pump system can achieve high efficiency of performance by utilizing annually constant underground temperature to provide heat source for space heating and cooling. Generally, the depth of constant-temperature zone under the ground depends on surface heat flux and soil properties. The deeper the ground heat exchanger is installed, the higher the heat exchange rate can be acquired. However, in order to optimally design the system, it is necessary to consider both the installation cost and the system performance. In this study, performance analysis of ground source heat pump system according to the depth has been conducted through the case study.

Estimation of Mean Air Exchange Rate and Generation Rate of Nitrogen Dioxide Using Box Model in Residence (주택에서 Box Model을 이용한 평균 환기율 및 이산화질소 발생량 추정)

  • Bae, Hyeon Ju;Yang, Won Ho;Son, Bu Sun;Kim, Dae Won
    • Journal of Environmental Science International
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    • v.13 no.7
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    • pp.645-653
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    • 2004
  • Indoor air quality is affected by source strength of pollutants, ventilation rate, decay rate, outdoor level, and so on. Although technologies measuring these factors exist directly, direct measurements of all factors are not always practical in most field studies. The purpose of this study was to develop an alternative method to estimate these factors by application of multiple measurements. For the total duration of 30 days, daily indoor and outdoor $NO_2$ concentrations were measured in 30 houses in Brisbane, Australia, and for 21 days in 40 houses in Seoul, Korea, respectively. Using a box model by mass balance and linear regression analysis, penetration factor (ventilation divided by sum of air exchange rate and deposition constant) and source strength factor (emission rate divided by sum of air exchange rate and deposition constant) were calculated, Sub-sequently, the ventilation and source strength were estimated. In Brisbane, the penetration factors were $0.59\pm0.14$ and they were unaffected by the presence of a gas range. During sampling period, geometric mean of natural ventilation was estimated to be $l.l0\pm1.5l$ ACH, assuming a residential $NO_2$ decay rate of 0.8 hr^{-1}$ in Brisbane. In Seoul, natural ventilation was $1.15\pm1.73$ ACH with residential $NO_2$ decay rate of 0.94 hr^{-1}$ Source strength of $NO_2$ in the houses with gas range $(12.7\pm9.8$ ppb/hr) were significantly higher than those in houses with an electric range $(2.8\pm2,6$ ppb/hr) in Brisbane. In Seoul, source strength in the houses with gas range were $l6.8\pm8.2$ ppb/hr. Conclusively, indoor air quality using box model by mass balance was effectively characterized.

Temperature Dependence of the Rate Constants of the VV Energy Exchange for N$_2$(v=1)+O$_2$(v=0)$\rightarrow$N$_2$(v=0)+O$_2$(v=1)

  • Ree, Jong-Baik;Chung, Keun-Ho;Kim, Hae-Jin
    • Bulletin of the Korean Chemical Society
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    • v.7 no.3
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    • pp.241-245
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    • 1986
  • The vibration-vibration energy exchange of $N_2(v=1)+O_2(v=0){\to}N_2(v=0)+O_2(v=1)$ has been investigated, in particular, at low temperatures. The energy exchange rate constants are calculated by use of the solution of the time-dependent Schrodinger equation with the interaction potential of the colliding molecule as a perturbation term. The predicted rate constants are significantly agree with a experimental values in the range of 295∼$90^{\circ}K$. The consideration of the VV-VT coupling decreases the predicted pure VV energy exchange value by a factor of ∼2. When the collision frequency correction is introduced, the VV-VT rate constant is consistent with the observed value in the liquid phase. The consideration of the population of the rotational energy level increases the VV-VT value significantly.

Synthesis of Hybrid Cation Exchange Fibers by E-Beam Preirradiation and Their Adsorption Properties for Metal Ions (E-Beam 전조사법을 이용한 복합양이온 교환섬유의 합성 및 금속이온 흡착특성)

  • Baek Ki-Wan;Nho Young-Chang;Hwang Taek-Sung
    • Polymer(Korea)
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    • v.30 no.4
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    • pp.305-310
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    • 2006
  • The hybrid cation exchange fibers using graft copolymer of styrene onto PE/PP with PET trunk polymers were synthesized by electron beam preirradiation. The degree of grafting showed 123% value at 80% concentration of styrene. And also, amount of sulfonyl group in the ion exchanger was showed 3.3 mmol/g at 70% concentration of styrene and their values were constant after 70%. The tensile strength for fibers was lower than trunk fibers, and their value of ion exchange fibers were also below than copolymer. It was $0.206kgf/mm^2$ value. The breakthrough time for Ca and Mg ions of hybrid cation exchange fibers were increased with the increase in the pH and temperature. The breakthrough of Mg was slower the mixture than single Mg solution. Adsorption rate constant for Ca, Mg ions and maximum ion exchange capacity were 0.012, 0.011 L/mg.h and 47.06, 42.83 mg/g, and also, activation energies were 2169 and 1534 J/mol, respectively.

The Economic Evaluation of Experimental Fishing Grounds in the North Pacific Midway Ocean Under Uncertainty : Focusing on Tuna Longline Fishing Grounds (불확실성하에서 북태평양 미드웨이 시험어장의 경제성 평가 : 다랑어연승 어장을 중심으로)

  • Moon, Seong-Ju;Jin, Sang-Dae;An, Young-Su;Kim, Yeong-Seung;Hwang, Seon-Jae
    • The Journal of Fisheries Business Administration
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    • v.40 no.1
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    • pp.153-172
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    • 2009
  • Developing foreign fishing ground executed in various uncertainty such as fishing price, oil price, exchange rate. But traditional economic evaluation method, CVP(Cost-Volume-Profit) analysis doesn't consider uncertainty of foreign fishing ground. So we need new approach about economic evaluation that can take into account uncertainty. This study focus on the economic evaluation about experimental survey of tuna fishing grounds in the north pacific ocean by sensitive analysis and simulation. The results of the economic evaluation can be summarized as follows. First, when we take it for granted that the other uncertainty factors except for each fishing price, oil price, and exchange rate are constant. CVP gross sales has positive relation to the increasing rate of oil price, exchange rate(W/$) and negative relation to the increasing rate of fishing price and exchange rate(W/${\yen}$). Second, when we are supposing that fishing price, oil price, and exchange rate are followed. the probability of less than CVP gross sales is A ship(48.87%), B ship(49.64%), C ship(50.55%). Consequently, the economic evaluation by sensitive analysis and simulation is more useful tool than CVP(Cost-Volume-Profit) analysis under uncertainty.

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Studies on the Electrochemical Properties of Indigo Dye (인디고 염료의 전기화학적 특성 연구)

  • Lee Song Ju;Jang Hong Gi;Heo Buk Gu;Park Dong Won
    • Textile Coloration and Finishing
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    • v.17 no.4 s.83
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    • pp.1-6
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    • 2005
  • We studied the degree of variety of indigo for the electrochemical redox reaction in addition of reducing agent and the electrokinetic parameters. The electrokinetic parameters such asthe number of electron and the exchange rate constant were obtained by cyclic voltammetry. With increasing scan rate, the reduction currents of indigo were increased and the reduction potentials were shifted to the negative direction. As the results, the reduction processes of the indigo were proceeding to totally irreversible and diffusion controlled reaction. Also, exchange rate constant ($k^0$) and diffusion coefficient ($D_0$) of indigo were decreased by increasing concentration of reducing agent. We found that the less concentration, the more easily diffused and electron transferred and the product was more stable.