This paper reviews Korean intergovernmental relations in the 1990s with an emphasis on fiscal relations among the different levels of the government. In the 1990s, Korea reinvigorated its system of local autonomy first established in the sixties. A major issue in the implementation of this...

This paper studies model selection methods in the presence of nonstationarity. We focus on the Bayesian model selection rule and compare it with other criteria that are frequently used in econometric practice. First, we derive each of these criteria in the presence of nonstationarity. In...

This paper studies an alternative quasi likelihood approach under possible model misspecification. We derive a filtered likelihood from a given quasi likelihood (QL), called a limited information quasi likelihood (LI-QL), that contains relevant but limited information on the data generation...

Liquid bio-oils were produced from miscanthus (Miscanthus sacchariflorus) by fast pyrolysis at various temperature ranges (350–500 °C) with a short residence time and their physicochemical properties were determined to evaluate the potentials for biofuel utilization. Before operating fast...

Crude bio-oil produced from fast pyrolysis of yellow poplar wood was subjected to HDO (hydrodeoxygenation) for the purpose of reducing water content as well as increasing heating value. HDO was performed in an autoclave reactor at three different reaction factors: temperature (250–370 °C),...