Meng Qin, Chi-Wei Su, Lianhong Qiu, Oana-Ramona Lobonţ
This exploration employs the generalized supremum augmented Dickey-Fuller (GSADF) approach to explore whether there are digital tech bubbles in China. The empirical results suggest the existence of multiple digital tech bubbles, which are mostly accompanied by an excessive rise. However, the appearance of digital tech bubbles is curbed since 2016, mainly due to the increasing mature regulations in relevant fields. Besides, bubbles in different digital technologies are similar during the same period, which could be attributed to the close relationships among them. Additionally, we further investigate the factors influencing the explosive behaviours, and find that the Chinese stock market positively affects digital tech bubbles, while economic policy uncertainties and situations negatively influence such explosive behaviors. In the context of the new round of scientific and technological revolution and industrial transformation, these conclusions provide valuable implications to achieve the target of constructing a “Digital China” by becoming moderately cautious about potential bubbles in the digital tech industry.
{"title":"ARE THERE DIGITAL TECH BUBBLES IN CHINA?","authors":"Meng Qin, Chi-Wei Su, Lianhong Qiu, Oana-Ramona Lobonţ","doi":"10.3846/tede.2023.19417","DOIUrl":"https://doi.org/10.3846/tede.2023.19417","url":null,"abstract":"This exploration employs the generalized supremum augmented Dickey-Fuller (GSADF) approach to explore whether there are digital tech bubbles in China. The empirical results suggest the existence of multiple digital tech bubbles, which are mostly accompanied by an excessive rise. However, the appearance of digital tech bubbles is curbed since 2016, mainly due to the increasing mature regulations in relevant fields. Besides, bubbles in different digital technologies are similar during the same period, which could be attributed to the close relationships among them. Additionally, we further investigate the factors influencing the explosive behaviours, and find that the Chinese stock market positively affects digital tech bubbles, while economic policy uncertainties and situations negatively influence such explosive behaviors. In the context of the new round of scientific and technological revolution and industrial transformation, these conclusions provide valuable implications to achieve the target of constructing a “Digital China” by becoming moderately cautious about potential bubbles in the digital tech industry.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136211212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Xuan Yao, Zeshui Xu, Xinxin Wang, Lina Wang, Marinko Škare
The Corona Virus Disease 2019 (COVID-19) epidemic has deferred global progress in energy efficiency to a decade-long low, posing a threat to the achievement of international climate goals, and also profoundly affected the development of economics. To gain insight into the research frontiers and hotspots in energy efficiency and COVID-19, a systematic literature review and bibliometric analysis on economic effects are performed with the help of the bibliometric tools VOSviewer and Bibliometrix. This paper selects all the publications retrieved based on the subject terms in the Web of Science core collection. Firstly, this article performs a performance analysis of related publications to present the development and distribution of energy efficiency and COVID-19 from research areas, relevant sources, and influential articles. Afterward, a visual analysis of the literature called science mapping analysis is implemented to display the structural and dynamic organization of knowledge in energy efficiency and COVID-19 research. In the end, detailed discussions of two research hotspots and some theoretical and practical implications are concluded in the systematic literature review and bibliometric analysis findings, which may contribute to further development for researchers in the field of energy efficiency and eventually propel the progress of society and economy in an all-round way.
2019冠状病毒病(COVID-19)疫情使全球能效进展降至10年来最低水平，对国际气候目标的实现构成威胁，也深刻影响了经济发展。为了深入了解能效与新冠肺炎的研究前沿和热点，本文借助文献计量工具VOSviewer和Bibliometrix对能效与新冠肺炎的经济效应进行了系统的文献综述和文献计量分析。本文选取了Web of Science核心馆藏中基于主题词检索到的所有出版物。首先，本文对相关出版物进行了绩效分析，从研究领域、相关来源和有影响力的文章中展示了能效和COVID-19的发展和分布。随后，对文献进行可视化分析，称为科学映射分析，以显示能效和COVID-19研究中知识的结构性和动态组织。最后，通过系统的文献综述和文献计量分析结果，对两个研究热点进行了详细的讨论，并总结了一些理论和实践意义，以期为能效领域的研究人员进一步发展做出贡献，最终推动社会经济的全面进步。
{"title":"ENERGY EFFICIENCY AND COVID-19: A SYSTEMATIC LITERATURE REVIEW AND BIBLIOMETRIC ANALYSIS ON ECONOMIC EFFECTS","authors":"Xuan Yao, Zeshui Xu, Xinxin Wang, Lina Wang, Marinko Škare","doi":"10.3846/tede.2023.18726","DOIUrl":"https://doi.org/10.3846/tede.2023.18726","url":null,"abstract":"The Corona Virus Disease 2019 (COVID-19) epidemic has deferred global progress in energy efficiency to a decade-long low, posing a threat to the achievement of international climate goals, and also profoundly affected the development of economics. To gain insight into the research frontiers and hotspots in energy efficiency and COVID-19, a systematic literature review and bibliometric analysis on economic effects are performed with the help of the bibliometric tools VOSviewer and Bibliometrix. This paper selects all the publications retrieved based on the subject terms in the Web of Science core collection. Firstly, this article performs a performance analysis of related publications to present the development and distribution of energy efficiency and COVID-19 from research areas, relevant sources, and influential articles. Afterward, a visual analysis of the literature called science mapping analysis is implemented to display the structural and dynamic organization of knowledge in energy efficiency and COVID-19 research. In the end, detailed discussions of two research hotspots and some theoretical and practical implications are concluded in the systematic literature review and bibliometric analysis findings, which may contribute to further development for researchers in the field of energy efficiency and eventually propel the progress of society and economy in an all-round way.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135350440","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ján Dvorský, Ilona Švihlíková, Ľudmila Kozubíková, Katarína Frajtova Michalíková, Adam P. Balcerzak
The financial management of a business is an integral part of strategic management. Small and medium-sized enterprises (SMEs) are vulnerable to the presence of crisis events in the business environment. In this context, senior managers and owners need to react promptly to emerging changes in a given business segment. The aim of the article is to quantify the effect of crisis events in business and firm’s CSR implementation in business on the financial performance in the SMEs. The empirical research incorporated 1,090 SMEs in the business environment of four Central European countries. The research hypotheses were evaluated using structural equation modelling. The empirical findings confirmed the positive impact of CSR implementation in the enterprise on its financial management. The research results did not confirm the negative effects of crisis events in business on the financial management. Crisis phenomena have direct effects on the sustainability of the enterprise; the organizational activities of the enterprise; the functioning of the enterprise in the market and the management of the enterprise. The findings are used as a basis for the preparation of strategic projects of national and international policies helping to cope with crisis phenomena in the business environment of the SME segment.
{"title":"EFFECT OF CSR IMPLEMENTATION AND CRISIS EVENTS IN BUSINESS ON THE FINANCIAL MANAGEMENT OF SMES","authors":"Ján Dvorský, Ilona Švihlíková, Ľudmila Kozubíková, Katarína Frajtova Michalíková, Adam P. Balcerzak","doi":"10.3846/tede.2023.19821","DOIUrl":"https://doi.org/10.3846/tede.2023.19821","url":null,"abstract":"The financial management of a business is an integral part of strategic management. Small and medium-sized enterprises (SMEs) are vulnerable to the presence of crisis events in the business environment. In this context, senior managers and owners need to react promptly to emerging changes in a given business segment. The aim of the article is to quantify the effect of crisis events in business and firm’s CSR implementation in business on the financial performance in the SMEs. The empirical research incorporated 1,090 SMEs in the business environment of four Central European countries. The research hypotheses were evaluated using structural equation modelling. The empirical findings confirmed the positive impact of CSR implementation in the enterprise on its financial management. The research results did not confirm the negative effects of crisis events in business on the financial management. Crisis phenomena have direct effects on the sustainability of the enterprise; the organizational activities of the enterprise; the functioning of the enterprise in the market and the management of the enterprise. The findings are used as a basis for the preparation of strategic projects of national and international policies helping to cope with crisis phenomena in the business environment of the SME segment.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135011236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Adam Sadowski, Anna Misztal, Magdalena Kowalska, Ryszard Jędrzejczak, Per Engelseth, Andrzej Bujak, Beata Skowron-Grabowska
Sustainable development counteracts climate change and strives for a good quality of life. It is a development based on economic, social and environmental goals which should be evaluated. Environmental taxes have to ensure enterprises’ development follows sustainability principles. The basis of environmental taxes is a physical unit of harmful substance emissions with a proven negative impact on the environment. The article’s main objective is to assess the impact of environmental taxes (Envtax) on the sustainable development of the transportation and storage enterprises (Susd) (NACE Rev. 2: H) from 2008 to 2018. We created integrated indicators of sustainable development and its components, single-equation and multi-equation models (the OLS estimation) and Model Autoregressive Moving Average with eXogenous (ARMAX) to verify the research hypothesis. The research results indicate that energy (Entax t), transport (Trtax) and pollution taxes (Poltax) from current and previous period significantly affect the development of transportation and storage enterprises within sustainability principles (economic: Ed, social: Sd, and environmental: Envd). There is a strong variation in the strength and direction of the impact of environmental taxes on the development of the transportation and storage enterprises following sustainability principles in Bulgaria, Croatia, Romania, and Slovenia from 2008 to 2018. The results indicate that taxes are not effectively used and that implementing reforms in the European Union in this area is the right direction.
{"title":"THE IMPACT OF ENVIRONMENTAL TAXES ON TRANSPORTATION AND STORAGE ENTERPRISES’ DEVELOPMENT – THE CASE OF BALKAN COUNTRIES","authors":"Adam Sadowski, Anna Misztal, Magdalena Kowalska, Ryszard Jędrzejczak, Per Engelseth, Andrzej Bujak, Beata Skowron-Grabowska","doi":"10.3846/tede.2023.19531","DOIUrl":"https://doi.org/10.3846/tede.2023.19531","url":null,"abstract":"Sustainable development counteracts climate change and strives for a good quality of life. It is a development based on economic, social and environmental goals which should be evaluated. Environmental taxes have to ensure enterprises’ development follows sustainability principles. The basis of environmental taxes is a physical unit of harmful substance emissions with a proven negative impact on the environment. The article’s main objective is to assess the impact of environmental taxes (Envtax) on the sustainable development of the transportation and storage enterprises (Susd) (NACE Rev. 2: H) from 2008 to 2018. We created integrated indicators of sustainable development and its components, single-equation and multi-equation models (the OLS estimation) and Model Autoregressive Moving Average with eXogenous (ARMAX) to verify the research hypothesis. The research results indicate that energy (Entax t), transport (Trtax) and pollution taxes (Poltax) from current and previous period significantly affect the development of transportation and storage enterprises within sustainability principles (economic: Ed, social: Sd, and environmental: Envd). There is a strong variation in the strength and direction of the impact of environmental taxes on the development of the transportation and storage enterprises following sustainability principles in Bulgaria, Croatia, Romania, and Slovenia from 2008 to 2018. The results indicate that taxes are not effectively used and that implementing reforms in the European Union in this area is the right direction.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135063886","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Chee Loong Lee, Riayati Ahmad, Zulkefly Abdul Karim, Norlin Khalid
Most countries have suffered from prolonged budget deficits over the past two decades. This situation has made researchers and policymakers aware of the challenges to debt sustainability. This study investigates the threshold effect of institutional quality on debt sustainability in a panel of 82 countries, focussing on various threshold effects at different income levels. All the countries selected for this study fell under the categories of high income (HI), upper middle income (UMI), and lower-middle and low income (LMLI) based on the World Bank classifications. The dynamic threshold panel regression results indicate the presence of a threshold effect of institutional quality on the fiscal reaction function (including debt sustainability and cyclical fiscal policy) in all the countries with different income levels. In HI countries, fiscal adjustment weakens if institutional quality surpasses the threshold value of institutional quality. The fiscal adjustment in UMI countries is similar to that in HI countries but statistically insignificant. By contrast, governments in LMLI countries can promote sustainable debt if their institutional quality exceeds the threshold value. Thus, policymakers in LMLI countries need to prioritise their efforts to raise the level of institutional quality to promote debt sustainability.
{"title":"INSTITUTIONAL QUALITY, INCOME LEVEL, AND DEBT SUSTAINABILITY: NEW EVIDENCE USING DYNAMIC PANEL THRESHOLD REGRESSION","authors":"Chee Loong Lee, Riayati Ahmad, Zulkefly Abdul Karim, Norlin Khalid","doi":"10.3846/tede.2023.19247","DOIUrl":"https://doi.org/10.3846/tede.2023.19247","url":null,"abstract":"Most countries have suffered from prolonged budget deficits over the past two decades. This situation has made researchers and policymakers aware of the challenges to debt sustainability. This study investigates the threshold effect of institutional quality on debt sustainability in a panel of 82 countries, focussing on various threshold effects at different income levels. All the countries selected for this study fell under the categories of high income (HI), upper middle income (UMI), and lower-middle and low income (LMLI) based on the World Bank classifications. The dynamic threshold panel regression results indicate the presence of a threshold effect of institutional quality on the fiscal reaction function (including debt sustainability and cyclical fiscal policy) in all the countries with different income levels. In HI countries, fiscal adjustment weakens if institutional quality surpasses the threshold value of institutional quality. The fiscal adjustment in UMI countries is similar to that in HI countries but statistically insignificant. By contrast, governments in LMLI countries can promote sustainable debt if their institutional quality exceeds the threshold value. Thus, policymakers in LMLI countries need to prioritise their efforts to raise the level of institutional quality to promote debt sustainability.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135013972","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The stock investment selection could be deemed as a classic multiple attribute group decision making (MAGDM) problem involving multiple conflicts and interleaved qualitative and quantitative attributes. Spherical fuzzy sets (SFSs) can excavate the potential vagueness and intricacy in MAGDM more effectively and deeply. This article we propose an integrated decision support system (IDSS) based on SFSs, prospect theory (PT), distance from average solution (EDAS) method and the MEthod based on the Removal Effects of Criteria (MEREC). The proposed IDSS, called SF-PT-EDAS-MEREC model, uses SFSs to describe the uncertain and obscure assessment information of DMs. The combination of PT and EDAS (PT-EDAS) method adequately captures DMs’ psychological behavior characteristics to execute more reasonable alternative evaluation. The MEREC is utilized to efficaciously obtain unknown attribute weights. In addition, this paper also presents a novel score function to compare spherical fuzzy numbers (SFNs) more directly and efficiently. Eventually, in order to illustrate the practicability of the proposed IDSS, two numerical examples of stock investment selection are employed to achieve this. Meanwhile, the comparative study with existing approach further demonstrates the effectiveness and superiority of SF-PT-EDAS-MEREC model.
{"title":"AN INTEGRATED DECISION SUPPORT SYSTEM FOR STOCK INVESTMENT BASED ON SPHERICAL FUZZY PT-EDAS METHOD AND MEREC","authors":"Huiyuan Zhang, Hongjun Wang, Guiwu Wei, Xudong Chen","doi":"10.3846/tede.2023.19123","DOIUrl":"https://doi.org/10.3846/tede.2023.19123","url":null,"abstract":"The stock investment selection could be deemed as a classic multiple attribute group decision making (MAGDM) problem involving multiple conflicts and interleaved qualitative and quantitative attributes. Spherical fuzzy sets (SFSs) can excavate the potential vagueness and intricacy in MAGDM more effectively and deeply. This article we propose an integrated decision support system (IDSS) based on SFSs, prospect theory (PT), distance from average solution (EDAS) method and the MEthod based on the Removal Effects of Criteria (MEREC). The proposed IDSS, called SF-PT-EDAS-MEREC model, uses SFSs to describe the uncertain and obscure assessment information of DMs. The combination of PT and EDAS (PT-EDAS) method adequately captures DMs’ psychological behavior characteristics to execute more reasonable alternative evaluation. The MEREC is utilized to efficaciously obtain unknown attribute weights. In addition, this paper also presents a novel score function to compare spherical fuzzy numbers (SFNs) more directly and efficiently. Eventually, in order to illustrate the practicability of the proposed IDSS, two numerical examples of stock investment selection are employed to achieve this. Meanwhile, the comparative study with existing approach further demonstrates the effectiveness and superiority of SF-PT-EDAS-MEREC model.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135878609","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Romeo-Victo Ionescu, M. Zlati, V. Antohi, V. Cornea, M. Socoliuc
The opportunity of this research topic lies in the current extremely challenging geopolitical context that has led to the outbreak of multiple crises: energy, economic, social, financial, food, etc. The European Union has thus positioned itself in the face of these phenomena by creating several instruments to manage crises and increase resilience: civil protection mechanism, integrated mechanism for political response to crises, cross-border cooperation and solidarity mechanisms, food security crisis plans, resilience measures against physical and digital risks.The paper aims to analyse the necessity of changing the regional approach across the EU under the impact of the pandemic. Specific regional socio-economic indicators for EU NUTS2 regions are analysed during 2010–2021. The main objective of this research is to quantify the regional socioeconomic and to realise comparative analysis related to three moments in time: the latest EU enlargement, the economic crisis and the pandemic. The novelty of the study was the building of a new dynamic multi-criteria model assessing the strategic perspective, which was built to offer pertinent solutions for the regional decision makers in order to ensure cohesion and sustainable development on short and medium term.
{"title":"THE IMPLEMENTATION OF THE REGIONAL DEVELOPMENT INDEX IN THE NEW GEO-POLITICAL CONTEXT","authors":"Romeo-Victo Ionescu, M. Zlati, V. Antohi, V. Cornea, M. Socoliuc","doi":"10.3846/tede.2023.19261","DOIUrl":"https://doi.org/10.3846/tede.2023.19261","url":null,"abstract":"The opportunity of this research topic lies in the current extremely challenging geopolitical context that has led to the outbreak of multiple crises: energy, economic, social, financial, food, etc. The European Union has thus positioned itself in the face of these phenomena by creating several instruments to manage crises and increase resilience: civil protection mechanism, integrated mechanism for political response to crises, cross-border cooperation and solidarity mechanisms, food security crisis plans, resilience measures against physical and digital risks.The paper aims to analyse the necessity of changing the regional approach across the EU under the impact of the pandemic. Specific regional socio-economic indicators for EU NUTS2 regions are analysed during 2010–2021. The main objective of this research is to quantify the regional socioeconomic and to realise comparative analysis related to three moments in time: the latest EU enlargement, the economic crisis and the pandemic. The novelty of the study was the building of a new dynamic multi-criteria model assessing the strategic perspective, which was built to offer pertinent solutions for the regional decision makers in order to ensure cohesion and sustainable development on short and medium term.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2023-08-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84500410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The complexity of goods and services in the current world has caused individual companies that do not have the help and cooperation of other organizations to face many problems for their survival. In this paper, a system dynamics model was proposed by creating a cause-effect curve to increase supply chain (SC) performance with an emphasis on agility and flexibility (AAF) indicators. The proposed model aimed to reduce cost and delivery time and increase customer satisfaction by considering AAF indicators. To this end, the concepts used were first introduced. Afterward, the important goals were identified by reviewing the existing literatures and interviewing experts in the field of AAF indicators in the studied SC. In the next step, the model was constructed by determining the cause-and-effect (CAE) relationships between the variables. Finally, by developing and simulating different scenarios, the results showed that AAF alone and absolutely cannot enhance profitability. By implication, to increase profitability, AAF do not need to be enhanced to the highest level, but an optimal point must be found. Finally, an optimal level of AAF was estimated. by using this system and considering that this system supports the production line, the ability to respond to sudden demands is increased and as a result, the speed of covering these demands increases.
{"title":"SYSTEM DYNAMICS: AN APPROACH TO MODELING SUPPLY CHAIN PERFORMANCE MEASUREMENT","authors":"Pei-Yi Liu, Morteza Atifeh, Mohsen Khorshidnia, Seyed Ghiasuddin Taheri","doi":"10.3846/tede.2023.19211","DOIUrl":"https://doi.org/10.3846/tede.2023.19211","url":null,"abstract":"The complexity of goods and services in the current world has caused individual companies that do not have the help and cooperation of other organizations to face many problems for their survival. In this paper, a system dynamics model was proposed by creating a cause-effect curve to increase supply chain (SC) performance with an emphasis on agility and flexibility (AAF) indicators. The proposed model aimed to reduce cost and delivery time and increase customer satisfaction by considering AAF indicators. To this end, the concepts used were first introduced. Afterward, the important goals were identified by reviewing the existing literatures and interviewing experts in the field of AAF indicators in the studied SC. In the next step, the model was constructed by determining the cause-and-effect (CAE) relationships between the variables. Finally, by developing and simulating different scenarios, the results showed that AAF alone and absolutely cannot enhance profitability. By implication, to increase profitability, AAF do not need to be enhanced to the highest level, but an optimal point must be found. Finally, an optimal level of AAF was estimated. by using this system and considering that this system supports the production line, the ability to respond to sudden demands is increased and as a result, the speed of covering these demands increases.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2023-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87752262","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The construction sector plays a significant role in national economic development and accounts for a dominant portion of national economic growth. The international construction industry’s development has been explored from the perspective of the economy. Internationalization improves awareness about participation in international trade activities. This paper aims to quantify the internationalization of the construction industry in the global value chain. The sectoral participation index and interaction index are conducted to evaluate the internationalized degree of the construction industries. In the results, the distribution of the backward participation indices shows nearly all countries’ internationalization processes were still at the stage of benefiting from primary resources. The forward support index is easily influenced by the scale effect. The backward independence index accounts for a small percentage of national imports measured by value added. The main source of value-added supply was the local construction sector. This study proposes a comprehensive indicator to quantify the internationalization of the construction industries in the sight of national and global points. The references have a positive value for policymakers in the management of value-added flows in the international market and adjustment of the foreign trade environment.
{"title":"INTERNATIONALIZATION OF THE CONSTRUCTION INDUSTRY IN THE GLOBAL VALUE CHAIN","authors":"Wentao Niu, Zhenzhen Xu, Bin Liu, Chunlu Liu","doi":"10.3846/tede.2023.19426","DOIUrl":"https://doi.org/10.3846/tede.2023.19426","url":null,"abstract":"The construction sector plays a significant role in national economic development and accounts for a dominant portion of national economic growth. The international construction industry’s development has been explored from the perspective of the economy. Internationalization improves awareness about participation in international trade activities. This paper aims to quantify the internationalization of the construction industry in the global value chain. The sectoral participation index and interaction index are conducted to evaluate the internationalized degree of the construction industries. In the results, the distribution of the backward participation indices shows nearly all countries’ internationalization processes were still at the stage of benefiting from primary resources. The forward support index is easily influenced by the scale effect. The backward independence index accounts for a small percentage of national imports measured by value added. The main source of value-added supply was the local construction sector. This study proposes a comprehensive indicator to quantify the internationalization of the construction industries in the sight of national and global points. The references have a positive value for policymakers in the management of value-added flows in the international market and adjustment of the foreign trade environment.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2023-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86189728","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Yemin Ding, Lee Chin, Fangyan Li, Peidong Deng, Shufeng Cong
Using panel data from 269 Chinese cities, this study examined the impact of housing prices (HP) on cities’ innovation capacity (IC) in China. Firstly, a fixed effect model was used to analyze the effect of HP on cities’ IC in China, revealing that HP positively impacts cities’ IC. Next, several robustness tests were conducted to verify the finding’s reliability. Thirdly, the analysis empirically tested mediating mechanisms between HP and cities’ IC in China. The results show that, on the one hand, higher HP can improve cities’ IC by attracting talents and stimulating the growth of local fiscal revenue. On the other, increasing HP can inhibit cities’ IC in China by attracting funds into the real estate market and impeding residents’ consumption ability. Finally, the heterogeneous nature of the HP–IC link in China was further explored. This study’s results provide recommendations for the government of China on how to promote cities’ innovation performance.
{"title":"HOW DO HOUSING PRICES AFFECT A CITY'S INNOVATION CAPACITY? THE CASE OF CHINA","authors":"Yemin Ding, Lee Chin, Fangyan Li, Peidong Deng, Shufeng Cong","doi":"10.3846/tede.2023.18899","DOIUrl":"https://doi.org/10.3846/tede.2023.18899","url":null,"abstract":"Using panel data from 269 Chinese cities, this study examined the impact of housing prices (HP) on cities’ innovation capacity (IC) in China. Firstly, a fixed effect model was used to analyze the effect of HP on cities’ IC in China, revealing that HP positively impacts cities’ IC. Next, several robustness tests were conducted to verify the finding’s reliability. Thirdly, the analysis empirically tested mediating mechanisms between HP and cities’ IC in China. The results show that, on the one hand, higher HP can improve cities’ IC by attracting talents and stimulating the growth of local fiscal revenue. On the other, increasing HP can inhibit cities’ IC in China by attracting funds into the real estate market and impeding residents’ consumption ability. Finally, the heterogeneous nature of the HP–IC link in China was further explored. This study’s results provide recommendations for the government of China on how to promote cities’ innovation performance.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2023-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80368375","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：