Browsing by Author "Tcha, MoonJoong"

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    Exchange rate pass-through and market response: the case of the US steel market
    (2023) Tcha, MoonJoong; Kim, Jae H.
    The relationship between real exchange rate pass-through (ERPT) for market price and an individual country's price was theoretically formulated and empirically explored, using steel products data in the US market, with special reference to two major steel exporting countries, Japan and Korea. It was found that the direction of market ERPT can be different from that of individual ERPt, due to strategic interactions among producers and different parameters. Vector error correction models and impulse response analysis were used with the statistical inference based on the bootstrap-after-bootstrap of Kilian (1998) for short-run and the fully modified estimation of Phillips and Hansen (1990) was used for long-run.Empirical results indicate that market ERPT against Japan-US exchange rates is different from that against Korea-US exchange rates. The framework developed in this study indicates that this phenomenon is attribute to either the two countries having different ERPTs, or the other countries' pricing strategies against the two countries ERPT being different.
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    Happiness in university education
    (The University of western Australia, 2023) Chan, Grace; Miller, Paul W.; Tcha, MoonJoong
    The aim of this paper is to quantify the determinants of happiness in university students, with information drawn from a survey conducted with students at the University of Western Australia in 2003. Ordered probit and ordinary least squares models are applied. Happiness could be measured and linked to a range of factors for instance, grades achieved, friendships developed, school facilities, opportunities to participate in extra-curricular activities and lecture quality. The findings reveal that the most important influence on the levels of satisfaction of students are school work, time management and relationships formed in university.