• East Asian Economic Review
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• v.27 no.1
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• pp.33-60
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• 2023

This paper analyzes the entire distribution of stock market returns/volatility in five emerging markets (ASEAN5) and figures out the conditional distribution of the CHI_EPU index. The aim is to examine the impact of CHI_EPU on the stock returns/volatility density of ASEAN5 markets. It also examined whether changes in CHI_EPU explain returns at higher or lower points (abnormal returns). This paper models the behaviour of stock returns from March 2011 to June 2018 using a non-parametric conditional density estimation approach. The results indicate that CHI_EPU diminishes stock returns and augments volatility in ASEAN5 markets, except for Malaysia, where it affects stock returns positively. The possible reason for this positive impact is that EPU is not the leading factor reducing Malaysian stock returns; but, other forces, such as dependency on other countries' stock markets and global factors, may have a positive impact on stock returns (Bachmann and Bayer, 2013). Thus, the risk of simultaneous investment in Chinese and ASEAN5 stock markets, except Malaysia, is high. Further, the degree of this influence intensifies at extreme high/low intervals (positive/negative tails). The findings of this study have significant implications for investors, policymakers, market agents, and analysts of ASEAN5.

• Journal of Forest and Environmental Science
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• v.33 no.1
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• pp.39-48
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• 2017

With the growing global concern about climate change, relationship between carbon stock density and tree species has become important for international climate change mitigation programmes. In this study, 150 Quadrats were laid down to assess the diversity, biomass and carbon stocks in each of the forest ranges (Barkot Range, Lachchiwala Range and Thano Range) of Dehra Dun Forest Division in Doon Valley, Western Himalaya, India. Community level carbon stock density was analyzed using Two Way Indicator Species Analysis. Species Richness and Shannon Weiner index was correlated with the carbon stocks of Doon Valley. Positive and weak relationship was found between the carbon stock density and Shannon Weiner Index, and between carbon stock density and Species Richness.

• Journal of Forest and Environmental Science
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• v.34 no.2
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• pp.145-152
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• 2018

Quantification of Carbon stock has become in the contest of changing climate and mitigation potential of forests. Two different forest types, Dry Shiwalik Sal Forest and Moist Shiwalik Sal Forest in Barkot and Lachchiwala of Doon Valley, Western Himalaya are selected for the study. Volume equations, destructive sampling and laboratory analysis are done to estimate the carbon stock in different carbon pools like trees, shrubs, herbs and soils. Considerable variations are observed in terms of carbon stocks in different forest types. In Dry Shiwalik Sal Forest, carbon stock density varied between 129.81 and $136.00MgCha^{-1}$ while in Moist Shiwalik Sal Forest, carbon stock density ranged from 222.29 to $271.67MgCha^{-1}$. Tree species like Shorea robusta, Syzigium cumini, Miliusa velutina, Acacia catechu, and Mallotus philippensis had significant role in carbon sequestration. Shorea robusta had contributed highest in carbon stock due to highest density. Total of 2,338,280.165 Mg carbon stock was estimated in all the forest types.

• Journal of Forest and Environmental Science
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• v.36 no.1
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• pp.37-46
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• 2020

Vegetation carbon sequestration and regeneration are the two major parameters of forest research. In this study, we analyzed the vegetation carbon stock and regeneration of community-managed pine plantation of Kathmandu, central Nepal. Vegetation data were collected from 40 circular plots of 10 m radius (for the tree) and 1m radius (for seedling) applying a stratified random sampling and nested quadrat method. The carbon stock was estimated by Chave allometric model and estimated carbon stock was converted into CO₂ equivalents. Density-diameter (d-d) curve was also prepared to check the regeneration status and stability of the plantation. A d-d curve indicates the good regeneration status of the forest with a stable population in each size class. Diversity of trees was very low, only two tree species Pinus roxburghii and Eucalyptus citriodora occurred in the sample plots. Pine was the dominant tree in terms of density, basal area, biomass, carbon stock and CO₂ stock than the eucalyptus. The basal area, carbon stock and CO₂ stock of forest was 33±1.0 ㎡ ha^-1, 108±5.0 Mg ha^-1 and 394±18 Mg ha^-1, respectively. Seedling and tree density of the plantation was 4,965 ha^-1 and 339 ha^-1 respectively. The forest carbon stock showed a positive relationship with biomass, tree diameter, height and basal area but no relationship with tree density. Canopy cover and tree diameter have a negative effect on seedling density and regeneration. In conclusion, the community forest has a stable population in each size class, sequestering a significant amount of carbon and CO₂ emitted from densely populated Kathmandu metro city as the forest biomass hence have a potentiality to mitigate the global climate change.

• Advances in environmental research
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• v.12 no.1
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• pp.51-64
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• 2023

The sustainable management of rice straw is essential for protection of human health and environment. This study assesses the impact of stock density of earthworm (Eisenia fetida) and Neem leaves (Azadirachta indica) on the quality of the final vermicompost. The vermicompost is produced using different combinations of rice straw, Neem leaves, and cow dung (bulking agent) by varying stock density of earthworms. The vermicomposting experiments are performed in plastic containers (32 cm × 28 cm × 28 cm) in open for 90 days under laboratory conditions. The stock density of the earthworm is found to be an important factor to influence nutritional quality of the final vermicompost. There is observed significant improvement in the total nitrogen (91.8%), phosphate (73.4%), potassium (38.8%), and calcium (59.05%) content of the vermicompost produced with the highest stock density of the earthworms. All the treatments showed decrease in TOC and C:N content after 90 days of vermicomposting. The treatment with Neem leaves showed maximum growth of earthworms (2.65 fold). Neem leaves brought positive changes in the quality of final vermicompost by enhancing the growth and reproduction of the earthworms. The calcium content increased by 39% in the final vermicompost with the addition of Neem leaves at the same stock density of the earthworms. The stock density of the earthworms and Neem leaves are found to significantly improve quality of the final vermicompost as compared with the compost (control). The surface morphology in SEM images showed high degree of fragmentation in the vermicompost as compared with the compost. The combined action of microbes and earthworms resulted in high degree of disintegration in the vermicompost.

• Journal of Forest and Environmental Science
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• v.32 no.2
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• pp.120-128
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• 2016

Forest sequesters large terrestrial carbon which is stored in the biomass of tree and plays a key role in reducing atmospheric carbon. Thus, the objectives of the present study were to assess the growing stock, above ground biomass and carbon in trees of Ponda watershed of Rajouri district (J&K). IRS-P6 LISS-III satellite data of October 2010 was used for preparation of land use/land cover map and forest density map of the study area by visual interpretation. The growing stock estimation was done for the study area as well as for the sample plots laid in forest and agriculture fields. The growing stock and biomass of trees were estimated using species specific volume equations and using specific gravity of wood, respectively. The total growing stock in the study area was estimated to be $0.25million\;m^3$ which varied between $85.94m^3/ha$ in open pine to $11.58m^3/ha$ in degraded pine forest. However in agriculture area, growing stock volume density of $14.85m^3/ha$ was recorded. Similarly, out of the total biomass (0.012 million tons) and carbon (0.056 million tons) in the study area, open pine forest accounted for the highest values of 43.74 t/ha and 19.68 t/ha and lowest values of 5.68 t/ha and 2.55 t/ha, respectively for the degraded pine forest. The biomass and carbon density in agriculture area obtained was 5.49 t/ha and 2.47 t/ha, respectively. In all the three forest classes Pinus roxburghii showed highest average values of growing stock volume density, biomass and carbon.

• Journal of Korean Society of Transportation
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• v.23 no.2
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• pp.83-92
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• 2005

We try to evaluate the stock level of Korean transportation infrastructure comparing Korean SOC stock level with those of OECD countries. In order to do so, we work on indices to show the transportation infrastructure stock levels of various countries. Among several indices, we select the effective road-extension rate per population density and the effective railroad-extension rate per population density corresponding to road and railroad. We compare Korean road and railroad stock levels with those of OECD countries, to make use of the effective road-extension rate per population density and effective railroad-extension rate per population density. We choose the Britain, Greece, Portugal, and Sweden to compare Korea because their sizes of population and territory are similar to those of Korea. Using International comparison, we arrive at the conclusion that Korean road and railroad stock levels are 63.4% and 53.2% of those of four countries respectively. In addition, we estimate the target level of road and railroad stocks and compute the target level of investments in road and railroad based on the result.

• Journal of Korean Society of Forest Science
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• v.103 no.3
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• pp.446-452
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• 2014

This research aimed to provide a method to estimate growing stock and carbon stock using the characteristics of forest type map such as the age-class, DBH class and crown density class. We transformed the growing stock data of national forest inventory (mainly Kangwon-do province) onto those of time when the forest type map was established. We developed a simulation model for the growing stock using the transformed data and the characteristics of forest type map by the quantification method I. By comparing partial correlation coefficient, we found that quantification of growing stock was largely affected by age-class followed by crown density class, forest type and DBH class. The growing stock, was estimated as minimum in the broadleaved forest with age-class II, DBH class 'Small', and crown density class 'Low' as $20.0m^3/ha$, whereas showed maximum value in the coniferous forest with age-class VI, DBH class 'Large', and crown density class 'High' as $305.0m^3/ha$. The growing stock for coniferous, broadleaved, and mixed forest were estimated as $30.5{\sim}305.0m^3/ha$, $20.0{\sim}200.4m^3/ha$, and $23.8{\sim}238.1m^3/ha$, respectively. When we compared the carbon stock by forest type, the carbon stock by age class based on growing stock was maximum when DBH class was 'Large' and crown density class was 'High' regardless of forest type. This estimation of growing stock by using characteristic of forest type can be used to estimate the changes in growing stock and carbon stock resulting from deforestation or natural disaster. In addition, we hope it provide a useful advice when forest officials and policy makers have to make decisions in regard to forest management.

• Journal of Korean Society of Forest Science
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• v.32 no.1
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• pp.1-8
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• 1976

One of the most common needle leaf species used in planting in Korea is korean pine (Pinus koraiensis S. et Z.), and jack pine (Pinus banksiana Lamb.) is one of the test species for suitability. The relation of nursery bed density of 2-1 korean pine and 1-1 jack pine was studied at the Kwang Nung Nursery, Central Branch Station of Forest Research Institute, and about 40km north of Seoul. Nursery bed density of 2-1 korean pine, which ranged from 36 to 324 trees per square meters and of 1-1 jack pine, which ranged from 25 to 169 trees per square meters, had a marked effect on caliper, height, dry weight and percent and amount of plantable stock. The soil physical and chemical properties is silt plus clay, 50.55 percent; organic matter, 2.09 percent; total nitrogen, 0.13 percent; available phosphorus, 253.25 ppm; exchangeable potash, 0.46 m.e/100g; and pH, 5.58. As the density of the nursery seedling stand of 2-1 korean pine increases, the average tree height increases (Fig. 1A), but in 1-1 jack pine density do not affect to increase or decrease the average tree height. As the density of nursery bed increases, the average stem caliper (at 2cm above ground line) and dry weight decrease (Fig. 1B), but the decreasing rate is more seriously in 1-1 jack pine than 2-1 korean pine (Fig.5). As increasing the density of nursery bed, the T/R ratio of trees of the test species increase. Also the dry weight of leaf, stem and root parts are decreasing in proportion to the increase of stand density, but the drop rate of jack pine is more rapid than korean pine (table. 1) The patent facts of difference of growth characteristics between 2-1 korean pine and 1-1 jack pine were studied. These facts should be used to select the scale of stand density at the nursery bed or the plantable site. Korean pine is demanded high density, on the other hand in jack pine low density are more suitable to manage the stand density. Stands of comparatively low density had the greatest percentage of high-quality stock, and the stands of high density had less than the high quality trees of low density. An important criterion of the best density is percent and number of high-quality trees produced per square meter of bed area. Stem caliper and stem height of seedling is used in most public nurseries to sort seedling into plantable grades. The stock grade standard has set at 4.5mm caliper and 16cm height of 2-1 korean pine as the minimum desired stem caliper and height. By the result studies, the plantable stock grade standards of 2-1 korean pine used at stem height 16cm and stem caliper 4.5mm from public nurseries should be reformed to stem height 18cm and stem caliper 4.0mm by the growth characteristics and the tree distribution of stem height and caliper of relation to density. For the 2-1 korean pine, best density should be about 160 to 200 trees per square meter according to soil fertility. For the 1-1 jack pine, the suitable standard of plantable stock should be at stem height 25cm and caliper 6mm (at 2cm above ground line) and best density was about 100 to 120 trees.

• Korean Journal of Poultry Science
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• v.47 no.1
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• pp.1-7
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• 2020

The effect of stocking density on the growth and meat quality of native Korean chickens was investigated. A total of 364 one-day-old native Korean chickens were randomly assigned to one of 5 treatments, each of which was replicated 4 times. Five distinct stocking densities-14, 15, 16, 18, and 22 birds/㎡-were compared. The diet was fed ad libitum for 10 weeks. Results indicated that the final body weight, body weight gain, and feed intake were lower (P<0.05) for the 22 birds/㎡ stock density as compared to the other stock densities. There was no significant difference in the feed conversion ratio, proximate analysis (DM, crude protein, crude fat, and crude ash), water-holding capacity, and cooking loss among the different stock densities. These results indicate that increasing the stock density to 22 birds/㎡ elicits some negative effects on the growth performance and meat quality of Korean-native chickens.