Efficiency of the Banking Industry Structure in Korea*

This paper analyzes whether the efficiency of the Korean banking industry has improved since the bank restructuring in 1997, and whether a bank with high efficiency has a larger market share. This paper uses an efficient structure hypothesis model to examine the relationship between the banks' efficiencies and their profitability. The data envelopment analysis method is applied to measure the efficiency and profitability of the banking industry in order to minimize possible bias due to the inflow of public funds for the bank consolidation. The two‐step Heckman selection method is used to correct for survivorship bias in the model. The derived result indicates that banks with higher efficiencies tend to record higher profit. Moreover, higher pure technological efficiency and scale efficiency have a positive effect on a bank's market share and concentration.     

Interactions between real economic and financial sides of the US economy in a regime-switching environment

This objective of this study is to examine the linkages between real (economic) and financial variables in the United States in a regime-switching environment that accounts explicitly for high volatility in the stock market and high stress in financial markets. Since the linearity test shows that the linear model should be rejected, we employ the Markov-switching VECM to examine the same objective using the Bayesian Markov-chain Monte Carlo method. The regime-dependent impulse response function (RDIRF) highlights the increasing importance of the financial sector of the economy during stress periods. The responses and their fluctuations are significantly greater in the high-volatility regime than in the low-volatility regime.     

激光点焊技术在通风槽板制造中的应用

本文主要介绍激光点焊技术在大型电机通风槽板加工过程中的应用,分析了激光点焊中主要加工参数对焊接质量的影响。并对现有通风槽板的几种加工工艺方法进行分析和比较。     

女子三级跳远运动员身体素质训练方法的探讨

结合实际训练总结女子三级跳远运动员身体素质训练方法:改进跑的技术;提高连续的快速收缩能力;提高跑的能力;提高基础力量与专项力量;重视柔韧、协调能力的训练。     

On Professor Takashi Negishi's contributions to economic theory

Professor Takashi Negishi has made fundamental contributions to economic theory on an extremely broad range of topics. As the editors of this special issue, we feel extremely fortunate that each of us has worked on topics with respect to which Professor Negishi's influences have been particularly large. In this introductory article, each of us will discuss Professor Negishi's influence on the topic we are most familiar with. For the entire spectrum of his research, readers are referred to the list of Professor Negishi's publications presented at the end of this article.     

无约束优化中几种算法间关系的一点注记

对无约束优化中几种算法间的相互关系进行了一些探讨，这对于了解掌握这些算法和揭示算法的内涵甚为重要。     

小车河铁路隧道边坡的加固方案分析

边坡稳定是一个非常复杂的问题,文章采用有限元分析法(运用有限元软件ANSYS),通过对毗邻小车河铁路隧道的房产开发项目的基坑开挖过程进行数值模拟分析,从理论上得出了该工程对既有铁路隧道影响程度,同时提出相应的加固处理建议。     

砌体球形薄壳下钢筋混凝土环梁的构造与施工

文章详细介绍了地下砌体球壳结构下钢筋混凝土环梁的构造特点,阐述了圆形构件的施工要点和技术方法。     

地下连续墙在地铁站深基坑支护中的应用

文章介绍了在天津市地铁大厦暨地铁海光寺站工程中,深基坑支护采用地下连续墙工程的特点、施工技术和应用情况,为城市建筑物密集区的超高层建筑深基坑支护及施工提供了经验。     

The RAS Approach in Updating Input–Output Matrices: An Instrumental Variable Interpretation and Analysis of Structural Change

The main purposes of the paper are to reconsider the rationale of the RAS method, and to attempt to improve on its interpretation and usefulness. The substitution and fabrication factors in the RAS method are interpreted as statistical estimates obtained by the method of instrumental variables. This enables the computation of asymptotic standard errors for the factors and the relative precision of the predicted technical coefficients. Furthermore, an adjustment cost minimization model to describe how a sector determines its substitution and fabrication factors is presented. The solutions of the model provide another rationale for the RAS method, and the associated Lagrangian multipliers can be useful for assessing structural constraints and structural change.