• Title/Summary/Keyword: Econometrics

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THE SOLVABILITY CONDITIONS FOR A CLASS OF CONSTRAINED INVERSE EIGENVALUE PROBLEM OF ANTISYMMETRIC MATRICES

  • PAN XIAO-PING;HU XI-YAN;ZHANG LEI
    • Journal of the Korean Mathematical Society
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    • v.43 no.1
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    • pp.87-98
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    • 2006
  • In this paper, a class of constrained inverse eigenvalue problem for antisymmetric matrices and their optimal approximation problem are considered. Some sufficient and necessary conditions of the solvability for the inverse eigenvalue problem are given. A general representation of the solution is presented for a solvable case. Furthermore, an expression of the solution for the optimal approximation problem is given.

A Quantitative Evaluation of Composite Indicators : Empirical Analysis of Comprehensive Rural Village Development Project (비명시적 평가지표를 활용한 농촌정책 평가)

  • Hwang, Jae-Hee;Lee, Seong-Woo
    • Journal of Korean Society of Rural Planning
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    • v.22 no.4
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    • pp.25-36
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    • 2016
  • The purpose of this study is to construct a quantitative evaluation method that can analyze the policy effectiveness with the construction of a implicit composite index incorporating spatial econometrics models. In order to propose a methodological framework for the program evaluation, this study conducts an empirical analysis with the application of the Comprehensive Rural Village Development Project (CRVDP) which explicitly claims to achieve comprehensive goal of community development. The present study pays particular attention to quantifying the composite evaluation index and drawing net effect through the application of a series of spatial econometrics models. The spatial unit of the analysis is drawn at Eup-Myeon level in rural areas in Korea, and the time horizon is in between 2005 and 2010. We utilize the Korean Agricultural Census data in 2005 and 2010. Three steps of methodological processes are needed to satisfy the objective of the present study. First, we apply factor analysis to construct the composite index that represents comprehensive settlement environment in rural area. The index should be matched with the main objective of the CRVDP. Second, we apply the derived index to a series of spatial econometrics model as dependent variable. Lastly, utilizing the estimated coefficients of the econometrics models, we apply decomposition technique to estimate CRVDP's net effect from both cross-sectional and longitudinal perspectives. We find that the results of the decomposition analysis by the execution of the CRVDP are positively associated with the explicit object of the project.

DETERMINANTS OF APARTMENT RENTS IN THE SEOUL METROPOLITAN REGION: SPATIAL ECONOMETRIC APPROACHES

  • Lee, Dongsung
    • Journal of Urban Science
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    • v.9 no.1
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    • pp.33-40
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    • 2020
  • This research aims to analyze the determinants of apartment rents in the Seoul Metropolitan area using spatial econometrics approaches. Since spatial econometrics approaches have advantages to solve limitations of ordinary multiple regression such as spatial dependence and spatial heterogeneity. This research includes structural variables such as number of rooms and baths, neighborhood variables such as number of housing units in the apartment complex, and location variables including distances to subway stations, to traditional markets, to educational institutes, and to urban services such as parks, etc. The result shows that the accessibilities to the CBD, to subcenters, to subway station, to school, and to parks contribute to apartment rent uplift and also shows different spatial variations in rent premiums by accessibility variables. In particular, apartments located south of Han river along the Lines 2, 3, 7 and 9 have the highest rent premiums due to the accessibility to the subway.

Exploring the Relationship between Place and Crime Using Spatial Econometrics Model

  • Lee, Soochang;Kim, Daechan
    • International Journal of Advanced Culture Technology
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    • v.9 no.2
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    • pp.32-38
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    • 2021
  • The purpose of this study is to examine the spatial characteristics of violent and burglary crimes in South Korea. Violent crimes and burglary crimes depend on a spatial setting with good conditions for their criminal purposes. This study defines population density, racial heterogeneity, types of houses, and density of commercial facilities as variables of place affecting crime in cities and counties. The study collects data from 229 cities in Korea to analyze the effect of spatial characteristics on crime. We conduct additional analyses to meet the statistical requisites of the spatial econometrics model using the open-source software R and GeoDa 1.12.1.129. From the analytical result, population density, racial heterogeneity, apartments, and commercial areas relate to crime occurrence. We suggest the implication of the theoretical and practical contributions to the relationship between place and crime.

Economic Phenomena, Economic Analysis, and Its Statistical Applicability: Focusing on the Developments of Econometrics and Challenging Issues (경제현상과 경제분석, 그리고 통계학적 응용성 - 계량경제학의 발전과 과제를 중심으로 -)

  • Kim, Chiho
    • The Korean Journal of Applied Statistics
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    • v.28 no.6
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    • pp.1075-1091
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    • 2015
  • This paper reviews the developments of econometric analysis and seeks a statistical applicability to current economic phenomena. During the last half century, economic analysis has progressed continuously, analyzing and predicting a broad variety of economic phenomena. In the center of this progress lies the remarkable contribution of econometrics and mathematical statistics. New economic research environment has been recently created via developments of IT and the spread of internet and SNSs. Economic phenomena has become increasingly complicated along with more volatile and sophisticated economic analysis. In that context, it can be suggested that there is a need to move beyond current economic paradigms and adapt new approaches such as complex theory and econophysics, all of which posits as a challenge for econometrics and statistics.

A Comparison between Two Viewpoints of Agricultural Extension;A comparison between economic and non-economic method (농촌지도의 두 가지 관점의 비교;계량적 방법과 비(非)계량적 방법의 비교)

  • Lim, Hyung-Baek;Yoon, Jun-Sang
    • Journal of Agricultural Extension & Community Development
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    • v.6 no.2
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    • pp.105-118
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    • 1999
  • There are two viewpoints in agricultural extension. One is economics(econometrics) the is non-econometric social sciences. In Korea economic means mainstream economics. Most mainstream economists have tried to solve the social and economic problems of Korea using their basic principles and econometrics. This mainstream economics have been supported by the Korean government and many people due to its convenience, effectiveness, and clearness. However, Agriculture and agricultural extension should be studied through multidisciplinary approaches after considering their specific social structures. Especially, Korean agriculture and agricultural extension have many aspects that can not be easily explained by main stream economics. In this study, the researchers will; 1)identify the origin, growth, and limitation of mainstream economics, i.e. econometrics 2)identify the paradigm and the view of social sciences and out-of-mainstream economics to make up for the limitation of main stream economics in explain the agriculture and agricultural extension in Korea, and 3)suggest to use multidisciplinary approaches to solve the agriculture and agricultural extension in Korea.

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Substitute or Complementary among Types of Special Interest Tourism and A Causal Relationship between Total Individual Tourism Demand and Each Types -Application of Correlation Analysis and Econometrics Models- (특수목적관광 유형 간의 대체보완 및 총 관광수요와의 영향관계 -상관관계분석 및 계량경제모형의 활용-)

  • Gwak, Gang-Hee
    • The Journal of the Korea Contents Association
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    • v.11 no.8
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    • pp.409-418
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    • 2011
  • An aims of this study is to examine substitute or complementary among types of special interest tourism and a causal relationship between total individual tourism demand and each types. Of 500 surveyed respondents in Seoul, 348 was valid to analyse. As statistical analysis method, correlation analysis was utilized for substitute or complementary and Econometrics models were applied for causal relationship. The results of this study demonstrate that agro tourism and ocean tourism lie on substitute which means competitive. Also, ocean tourism has had more impacted on total individual tourism demand than any other types of special interest tourism.

The Effects of Non-Preferred Facilities on Land Prices in Urban and Rural Areas using Spatial Econometrics (공간계량모형을 이용한 도시와 농촌의 비선호시설이 토지 가격에 미치는 영향 분석)

  • Jeon, Jeongbae;Kwon, Sung Moon
    • Journal of Korean Society of Rural Planning
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    • v.26 no.3
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    • pp.103-113
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    • 2020
  • Land price can be affected by convenience or psychological repulsion like PIMFY (Please In My Front Yard) or NIMBY (Not In My Back Yard) for various facilities. The purpose of this study is to evaluate whether non-preferred facilities are related to NIMBY impact that negatively affect land prices using the spatial econometrics models which are spatial autoregressive models (SAR), spatial errors models (SEM), and general spatial model (SAC). The land price in urban area increases by 0.07-0.2% when the distance from aversion facilities increases by 1%. However, the land price in rural areas decreases when the distance from aversion or pollution facilities increase. Therefore, these facilities in rural areas located in the areas with higher land price because funeral homes located in center of rural administrative areas and charnel house or crematorium located in the fringe of urban areas. That is, this study explain the difference between land price and non-preferred facilities in urban and rural areas and why there are more N IMBY symptoms in urban areas.

Quantitative Approaches for Agricultural and Rural Policy Evaluation (농업.농촌정책평가를 위한 정량적 분석모형 연구)

  • Lee, Seong-Woo;Yun, Seong-Do
    • Journal of Korean Society of Rural Planning
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    • v.14 no.4
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    • pp.97-108
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    • 2008
  • The present study construct a new technique that can evaluate diverse rural policies, which have been applied to the rural development programs at the village level. The method incorporates spatial econometrics models with a decomposition method that has little been utilized before. We applies the technique to evaluate the rural development programs that have been carried out by the Korea Forest Service and. Korea Rural Development Agency. The technique proved to be quite useful in that the technique efficiently separate the direct effect caused by the government policy from the effect explained by the endowment effect such as regional or area characteristics, and residual effect that cannot be identified by the models. The present study concludes with suggesting more quantitative methods need to be developed to evaluate diverse government policy programs, which enables us to discern correct policy effects.