• KDI Journal of Economic Policy
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• v.13 no.4
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• pp.117-140
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• 1991

The purpose of this paper is primarily to introduce a nonparametric statistical tool developed by Baek and Brock to detect a unidirectional causal ordering between two economic variables and apply it to interesting macroeconomic relationships among money, production and prices. It can be applied to any other causal structure, for instance, defense spending and economic performance, stock market index and market interest rates etc. A key building block of the test for nonlinear Granger causality used in this paper is the correlation. The main emphasis is put on nonlinear causal structure rather than a linear one because the conventional F-test provides high power against the linear causal relationship. Based on asymptotic normality of our test statistic, the nonlinear causality test is finally derived. Size of the test is reported for some parameters. When it is applied to a money, production and prices model, some evidences of nonlinear causality are found by the corrected size of the test. For instance, nonlinear causal relationships between production and prices are demonstrated in both directions, however, these results were ignored by the conventional F-test. A similar results between money and prices are obtained at high lag variables.

• Korean System Dynamics Review
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• v.7 no.2
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• pp.133-148
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• 2006

This study suggests a Causal Loop Diagram(CLD) of causality mechanism which are integrating matters of localization, networking, embeddedness & institutional thickness and collective learning. These five factors(localization, networking, embeddedness & institutional thickness, collective learning, innovative synergy) have been studied and proofed Also this study suggest a model of industry cluster based on holistic and global system thinking rather than local and linear thinking.

• Environmental and Resource Economics Review
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• v.21 no.3
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• pp.573-593
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• 2012

The paper examined the relationship between total and sector level electricity consumptions and economic growth in Korea for the period of 1980-2009. The results of unit-roots and cointegration tests show that all variables-real GDP, total, primary, manufacture, and service sector electricity consumptions-were not stationary and there were no linear combinations in the long run between electricity consumptions and economic growth. Thus, by using standard Granger-causality test we found that total, primary, and manufacture sector electricity consumptions were Granger-caused by economic growth, not vice versa. This means that causality runs from economic growth to each electricity consumption. However, there is no causal relationship between service sector electricity consumption and economic growth. These results imply that the government policies aimed at reducing electricity consumptions and increasing energy efficiency etc. can be feasible without deterring economic growth in Korea.

• Journal of the Korea Society for Simulation
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• v.21 no.1
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• pp.19-26
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• 2012

In this paper, we study the relationship between FDI(Foreign Direct Investment) and economic growth in Kazakhstan. For this research, we, first, investigate the factors that affect FDI infow to Kazakhstan since its independence and determine the degree of their influence. Second, we study the impact of FDI per capita on GDP per capita. To achieve these goals, an empirical study is conducted with 18 years data from 1992 to 2009 from World Bank Database. Data are analyzed using multiple linear regression, time series analysis and Granger causality test. The results show that the determinant of FDI is GDP and economic freedom index in Kazakhstan. Economic growth is affected by FDI, too. Specially, FDI is positively related to GDP and economic freedom index. FDI per capita's impact on GDP per capita is 30.4 dollars increase in GDP per capita by one dollar increase in FDI per capital inflow. The results provides useful information for policy makers to improve obtaining large amount of investments and facilitate economic growth.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.1
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• pp.13-24
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• 2022

The main goal of this study is to look at how South Korea can catch up to the rest of the world through policy-driven structural change and manufacturing revolutions. To achieve the objective, this study used annual data on real exports and real GDP from the World Development Indicator WDI of South Korea for the period 1960 to 2019. The study's goal is to use econometrics to detect this policy-driven structural change trend. Multiple nonlinear Granger causality test was used to accomplish this. The findings revealed structural breaks and nonlinearities in the dynamic link between South Korea's real GDP and real exports. Furthermore, results also show evidence of multiple structural breaks in South Korean data. South Korea's economic catch-up was the result of a constant reevaluation of industrial policies, readjustment, and structural change to constantly explore and utilize comparative advantage, realizing economies of scale at the global level, and reallocating and redistribution of resources towards productive sectors with high value-added output, according to econometric analysis. If South Korea would have not done this structural change this miracle to escape the middle-income trap would not have been possible. These findings support the descriptive evidence of structural change in favor of manufacturing revolutions and value addition industry development in South Korea.

• Journal of Intelligence and Information Systems
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• v.28 no.3
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• pp.105-117
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• 2022

This study analyzes the effects between stock returns and interest rate spread, difference between long-term and short-term interest rate through the polynomial linear regression analysis. The existing research concentrated on the business forecast through the interest rate spread focusing on the US market. The previous studies verified the interest rate spread based on the leading indicators of business forecast by moderating the period of long-term/short-term interest rates and analyzing the degree of leading. After the 7th reform of composite indices of business indicators in Korea of 2006, the interest rate spread was included in the items of composing the business leading indicators, which is utilized till today. Nevertheless, there are a few research on stock returns of each industry and interest rate spread in domestic stock market. Therefore, this study analyzed the stock returns of each industry and interest rate spread targeting Korean stock market. This study selected the long-term/short-term interest rates with high causality through the regression analysis, and then understood the correlations with each leading period and industry. To overcome the limitation of the simple linear regression analysis, polynomial linear regression analysis is used, which raised explanatory power. As a result, the high causality was verified when using differences between returns of corporate bond(AA-) without guarantee for three years by leading six months and call rate returns as interest rate spread. In addition, analyzing the stock returns of each industry, the relation between the relevant interest rate spread and returns of the automobile industry was the closest. This study is significant in the aspect of verifying the causality of interest rate spread, business forecast, and stock returns in Korea. Even though it could be limited to forecast the stock price by using only the interest rate spread, it would be working as a strong factor when it is properly utilized with other various factors.

• Nutrition Research and Practice
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• v.15 no.4
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• pp.468-478
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• 2021

BACKGROUND/OBJECTIVES: This study aimed to analyze the association between dietary omega-3 fatty acid intake and depression in postmenopausal women using data from the Korea National Health and Nutrition Examination Survey (KNHANES) VI. SUBJECTS/METHODS: The KNHANES is a cross-sectional nationwide health and nutrition survey. Dietary data, including omega-3 fatty acids, were assessed using the 24-h recall method. Depression was evaluated using a survey questionnaire. The association between dietary omega-3 fatty acids and depression was evaluated using multivariate logistic regression analysis. Depression, according to the dietary omega-3 fatty acid intake, was expressed as the odds ratio (OR) with a 95% confidence interval (CI). A total of 4,150 postmenopausal women were included in the analysis. RESULTS: In the fully-adjusted model, the group with the highest dietary omega-3 fatty acid intake significantly showed lower prevalence of depression than the group with the lowest intake (OR, 0.52; 95% CI, 0.33-0.83); a significant linear trend was detected (P for trend = 0.04). According to the dose-response analysis using cubic restricted spline regression, this association was linear and monotonic (P for non-linearity = 0.32). CONCLUSIONS: In this study, the dietary omega-3 fatty acid intake in postmenopausal women was inversely proportional to depression in a dose-response manner. Large cohort studies are needed to verify the causality between omega-3 fatty acids and depression in Korean postmenopausal women.

• Journal of The Korean Association of Information Education
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• v.24 no.4
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• pp.379-390
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• 2020

Recently, interest in online teaching·learning and evaluation tools has increased in the context of Covid-19. In order to use tools effectively, it is necessary to identify the structural influence and causal relationship between the learner's affective and cognitive variables. In this study, to identify a causal relationship between motivation and thinking while using online judge, research and competing model were established and model fit/path analysis were performed. It was found that there was a linear causal relationship from tool usage, self-efficacy, flow, logical thinking, to computational thinking. It was confirmed that 'self-efficacy → flow', or 'flow' had mediating effect on the path from tool usage to thinking, and tool usage was not exerted to thinking through 'flow → self-efficacy'. The causality of 'logical thinking → computational thinking' was identified on the path where tool usage affects thinking ability through learning motivation, but the causality of 'computational thinking → logical thinking' was not identified.

• Journal of IKEEE
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• v.21 no.1
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• pp.13-23
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• 2017

Short-term prediction of the number of passengers at the airport is very essential for the efficient and stable operation of the airport. Here, to forecast the immigration of Incheon International Airport, we perform the predictive modeling of Korean and Chinese outbound travelers comprising most of immigration. We conduct the Granger Causality test between the number of outbound travelers and related search trend data to confirm the correlation. It is found that the forecasting with both "outbound travelers" and "search term trends" data outperforms the one only with "outbound travelers" data. This is because search activities are done before doing something and this study confirms that search trend data inherently possess the potential for prediction.

• Proceedings of the Korean Statistical Society Conference
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• 2003.10a
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• pp.179-182
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• 2003

This study describes a new graphical method for assessing and characterizing effect modification by a matching covariate in matched case-control studies. This method to understand effect modification is based on a semiparametric model using a varying coefficient model. The method allows for nonparametric relationships between effect modification and other covariates, or can be useful in suggesting parametric models. This method can be applied to examining effect modification by any ordered categorical or continuous covariates for which cases have been matched with controls. The method applies to effect modification when causality might be reasonably assumed. An example from veterinary medicine is used to demonstrate our approach. The simulation results show that this method, when based on linear, quadratic and nonparametric effect modification, can be more powerful than both a parametric multiplicative model fit and a fully nonparametric generalized additive model fit.