• International Area Studies Review
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• v.14 no.3
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• pp.246-263
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• 2010

This study examines how the long-run relations between housing price and inflation in the United Sates have changed since the year of 2000. Johansen co-integration test, estimation of long-run equilibrium equation, and Granger causality tests are conducted, based on the VECM. Data covers the period from the first quarter of 1975 to the second quarter of 2010. I adopt the recursive estimation method in which the final period of the estimation is expanded by one quarter, starting from the first quarter of 2000. The empirical results are as follows: (1) In spite of the sharp increase of housing price, the long-run relationship of house prices and inflation has been remained stable until 2007, showing that house prices are a stable inflation hedge in the long run. (2) The housing price plunge since 1997 does not seem to be related to the restore of the long-run relationship between housing prices and inflation. (3) Granger causality test results support the hypothesis that inflation granger-causes housing prices with 10% significance level, but reject the hypothesis that housing price granger-causes inflation.

• 전자공학회논문지 IE
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• v.45 no.3
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• pp.5-12
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• 2008

We propose efficient scan testing method capable of reducing the test data and power dissipation for digital logic circuits. The proposed testing method is based on a hybrid run-length encoding which reduces test data storage on the tester. We also introduce modified Bus-invert coding method and scan cell design in scan cell reordering, thus providing increased power saving in scan in operation. Experimental results for ISCAS'89 benchmark circuits show that average power of 96.7% and peak power of 84% are reduced on the average without fault coverage degrading. We have obtained a high reduction of 78.2% on the test data compared the existing compression methods.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.4
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• pp.163-171
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• 2020

The study aims to examine the effects of inward every presence of foreign investment, import, and real exchange rate shocks on export performance in Vietnam. This study employs a time-series sample dataset in the period of 2009 - 2018. All data are collected from the General Statistics Office of Ministry of Planning and Investment in Vietnam, World Development Indicator and Ministry of Finance, State Bank of Vietnam. This study employs the Augmented Dickey-Fuller test and the vector error correction model with the analysis of cointegration. The results demonstrate that a higher value of import significantly accelerates export performance in the short run, but insignificantly generates in the long run. When the volume of registered foreign investment goes up, the export performance will predominantly decrease in the both short run and long run. Historically, countries worldwide are more likely to devaluate their currencies in order to support export performance. According to the study, the exchange rate volatility has an effect on the external trade in the long run but no effect in the short run. Finally, Vietnam's export performance converges on its long-run equilibrium by roughly 6.3% with the speed adjustment via a combination of import, every presence of foreign investment, and real exchange rate fluctuations.

• Journal of Distribution Science
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• v.10 no.9
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• pp.5-11
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• 2012

Purpose - The objective of the paper is to explain both the price sensitivity of international tourists to South Korea and the price sensitivity of Korean tourists to international travel. The study examines long-run equilibrium relationships and Granger causal relationships between foreign exchange rates and inbound and outbound tourism demand in South Korea. Research design/ data / methodology - The study employs monthly time series data from January 1990 to September 2010. The paper examines the long-run equilibrium relationship using the Johansen cointegration test approach after unit root tests. The short-run Granger causality was tested using the vector error correction model with the Wald test. Results - Hypothesis 1 testing whether there is a long-run equilibrium relationship between exchange rates, inbound and outbound tourism demand is supported. Hypothesis 2 testing whether exchange rates lead to a change in touristarrivals and expenditure is not supported. Hypothesis 3 testing whether exchange rates lead to a change in tourist departures and expenditure is supported. Conclusions - The findings of this study show that the impacts of tourism price competitiveness are changing quite significantly with regard to destination competitiveness. In other words, the elasticity of tourism price over tourism demand has been moderated.

• Communications for Statistical Applications and Methods
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• v.15 no.4
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• pp.551-562
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• 2008

The loss reserve is defined as a provision for an insurer's liability for claims or an insurer's estimate of the amount an individual claim will ultimately cost. For the estimation of the loss reserve, the data which make up the claims in general is represented as run-off triangle. The chain ladder method has known as the most representative one in the estimation of loss reserves based on such run-off triangular data. However, this fails to capture change point in trend. In order to test of structural changes of development factors, we will present the test statistics and procedures. A real data analysis will also be provided.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.11
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• pp.607-617
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• 2020

This study investigates the causal relationship between public and private external debt and economic growth in developing countries. Our model includes 18 selected Asian developing and transition economies from 1995 thru 2019. We employ the dynamic heterogeneous panel data methods, pooled mean group (PMG), robust cross-sectional augmented autoregressive distributed lag (CS-ARDL), and pairwise panel causality test. The results of PMG and CS-ARDL show the existence of causality between external debt and economic growth both in the short-run and long-run. The pairwise Granger causality test found the bidirectional causal relationship runs from total external debt, public external debt, and private external debt to economic growth and economic growth to external debt. The results showed first the existence of causality in the short-run and long-run between external debt and economic growth and the second, bi-directional causality that runs from external debt to economic growth and economic growth to external debt. Both the dynamic models and robust estimator found the same inferences about the impact of main variables on economic growth in Asian developing and transition economies. The findings of this study suggest to assure debt management, investment in productive sectors, increase domestic savings, decrease external dependency, and focus on international trade.

• Proceedings of the KSR Conference
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• 2007.11a
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• pp.1586-1589
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• 2007

A prototype high-speed train system, Hanvit-350, has been developed in Korea since 1996. The train has reached the maximum speed of 352.4km/h during a test run on December 2004. It is presently undergoing various tests to stabilize its performance and to secure reliability. Until now, around 420 runs have been conducted and accumulates 190,000km trial run. The test database management program is developed using existing analysis program, LabVIEW and database program, Microsoft-SQL. The test database management program is used to analysis of test results and will be used to find out the correlation characteristics between parameters.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.11
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• pp.521-528
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• 2018

Military vehicles use run-flat wheels for emergency situations. Run-flat wheels can run required distance in a defined duration with the pressure loss tire. For the application of a run-flat system, wheels are designed in 2 pieces, including an inner rim and outer rim. These rims are assembled using clamping bolts. Clamping bolts determine the durability of military vehicle wheels because fracture of clamping bolts account for most wheel failures. For improving wheel durability, clamping bolt durability must be improved. In this study, wheel test conditions and bolt design were investigated. Existing test standards are not sufficient to conduct endurance tests. Supplementary conditions were investigated. Using these modified test conditions, the durability of wheels including clamping bolts was tested and verified. Results found the durability of wheels improved more than 168%. This study also proposes improvements in the design process of clamping bolts.

• Transactions of the Korean Society of Automotive Engineers
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• v.24 no.1
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• pp.90-98
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• 2016

Currently government certified test method for an automobile remanufactured products is insufficient. Thus many automotive parts in the remanufacturing market are lacking proper evaluation criteria and production of defective products are causing customer dissatisfaction. In this paper a power steering oil pump, which requires stringent manufacturing standards, is studied by the failure mode and effect analysis approach. The research suggested that the test criteria such as discharge flow characteristic test, tightness test, pulley run-out test, pressure switch operation test, low temperature test and rotation pressure durability test should be performed to evaluate the reliability of remanufactured power steering oil pumps. As a result of tests, the performance of remanufactured power steering oil pump satisfied the evaluation criteria of pressure switch operation test and low temperature test. However, the remanufactured power steering oil pump failed to satisfy the evaluation criteria on discharge performance test, tightness test and pulley run-out test. These performance evaluation tests proved the necessity of standard process for the remanufactured power steering oil pump.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.28 no.11C
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• pp.1123-1129
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• 2003

In the H.264 video coding standard, the information for the macroblock is encoded by the independent syntax elements, called RUN and MB_type. Through the experimental observation for various test sequences, it is shown that the performance of the video coding is improved by using the combined RUN and MB_type as an entity. Based on this fact, we propose an unified new syntax element composed of the RUN and MB_type in order to improve the compression ratio of H.264 video coding. In the proposed syntax element, an EOF(End-Of-Frame) symbol indicating the end of picture is used for enhancing the performance of video coding. The simulation result shows that the proposed method outperforms maximally 15 % to the conventional method for the bitrate of the macroblock.