Sirinant Khunakornbodintr, Ping Lv and Daniel Stefan Hain
This study investigates the potential of low-income countries to mitigate technological lock-ins by exploiting windows of opportunity (WOOs). Given their inherent inclination…
Abstract
Purpose
This study investigates the potential of low-income countries to mitigate technological lock-ins by exploiting windows of opportunity (WOOs). Given their inherent inclination toward path dependency, these countries often face challenges in diversifying beyond their established technological trajectories. We examine the pivotal role of adopting shorter cycle times of technologies (CTTs) in opening technological WOO, triggering unrelated diversification and accelerating technological catch-up.
Design/methodology/approach
Using fixed-effect regression models, we analyze country-level patent data within the neurotechnology domain from 1995 to 2021 – a period marked by significant technological change since 2010. Our focus lies in comparing diversification and catch-up trends between low-income and high-income countries, while evaluating the performance of CTT.
Findings
Our findings reveal that as low-income countries increase their knowledge complexity (KC), they tend to be locked into existing technological paths. To mitigate lock-in risks, they can strategically adopt technologies with shorter CTTs. These technologies act as catalysts, opening up technological WOOs and stimulating unrelated diversification. KC presents a double-edged sword in the catch-up process, but unrelated diversification can eliminate this dilemma.
Practical implications
Our study introduces the KC-CTT framework, proposing practical strategies to enhance and sustain countries’ competitive advantages.
Originality/value
Diversification and catch-up emerge from two separate bodies of literature but present a conceptual overlap. This research bridges the gap between the two literatures by investigating the impact of CTT as their predictor variable.
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The focus of this paper is to provide an assessment of the impact of imports from China on Indian manufacturing and capture the multifarious dimensions of India–China bilateral…
Abstract
Purpose
The focus of this paper is to provide an assessment of the impact of imports from China on Indian manufacturing and capture the multifarious dimensions of India–China bilateral trade flows. By examining the comparative disadvantage imports (RCA<1), the paper critically examines their significance on India's industry output and performance and underlines factors beyond trade competitiveness.
Design/methodology/approach
For examining the impact of India's manufacturing imports from China on industry performance, four stages of analysis is adopted. First, the imports with RCA <1 have been identified. For these, BRCA was also computed. Second, trends in industry performance associated with high imports from China. Third, for estimating the impact of imports on industry output, augmented production function was specified and estimated with imports from China as a potential determinant. And fourth, comparison of industry performance between India and China.
Findings
The impact of imports from China on industry output is positive and significant. A 1% increase/decrease in the share of China in world imports will result in output increasing by 0.31%. The rise in imports from China seems to be on account of non-availability of necessary intermediate and capital goods domestically, thereby making these imports critical and complementary for production. This negates the threat perception of imports from China.
Research limitations/implications
The paper recognizes the need for understanding the firm heterogeneity in import decisions and R&D intensity of imports. Across industries, the drivers for firms' decisions to import are “learning by importing’ and “self-selection” (Camino-Magro et al., 2020). Also, another important dimension at the firm-level analysis is the elasticity of substitution between foreign and domestic inputs. If the elasticity of substitution is low then high import barriers will lead to reduction of domestic output. These firm-level issues are important for effective policy interventions.
Practical implications
One, the inward looking focus of the industry which is exhibited in low export intensity will not provide the necessary impetus to propel the manufacturing sector to a higher technology frontier and translate the productivity gains to export competitiveness. Two, unless the domestic manufacturing is propelled from the current low/medium technology to high technology products, the current policy thrust on “self-reliance” cannot be realized.
Originality/value
Analysis is based on manufacturing imports with RCA<1 from China thereby underlining factors beyond trade competitiveness not covered by RCA methodology. Complementing the quantitative analysis with economic policy developments in China and India and contrasting the same has provided insights into the real factors determining India–China bilateral trade.
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Ping Li, Zhipeng Chang and Wenhe Chen
To maintain the bottom line of food import risk in China, this paper proposes a novel risk state evaluation model based on bottom-line thinking after analyzing the decision-making…
Abstract
Purpose
To maintain the bottom line of food import risk in China, this paper proposes a novel risk state evaluation model based on bottom-line thinking after analyzing the decision-making ideas embedded in the bottom-line thinking method.
Design/methodology/approach
First, the order relation analysis method (G1 method) and Laplacian score (LS) are applied to calculate the constant weights of indexes. Then, the worst-case scenario of food import risk can be estimated to strive for the best result, so the penalty state variable weight function is introduced to obtain variable weights of indexes. Finally, the study measures the risk state of China's food import from the overall situation using the set pair analysis (SPA) method and identifies the key factors affecting food import risk.
Findings
The risk states of food supply in eight countries are in the state of average potential and partial back potential as a whole. The results indicate that China's food import risks are at medium and upper-medium risk levels in most years, fluctuating slightly from 2010 to 2020. In addition, some factors are diagnosed as the primary control objects for holding the bottom line of food import risk in China, including food output level, food export capacity, bilateral relationship and political risk.
Originality/value
This paper proposes a novel risk state evaluation model following bottom-line thinking for food import risk in China. Besides, SPA is first applied to the risk evaluation of food import, expanding the application field of the SPA method.
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Zhenghao Liu, Yuxing Qian, Wenlong Lv, Yanbin Fang and Shenglan Liu
Stock prices are subject to the influence of news and social media, and a discernible co-movement pattern exists among multiple stocks. Using a knowledge graph to represent news…
Abstract
Purpose
Stock prices are subject to the influence of news and social media, and a discernible co-movement pattern exists among multiple stocks. Using a knowledge graph to represent news semantics and establish connections between stocks is deemed essential and viable.
Design/methodology/approach
This study presents a knowledge-driven framework for predicting stock prices. The framework integrates relevant stocks with the semantic and emotional characteristics of textual data. The authors construct a stock knowledge graph (SKG) to extract pertinent stock information and use a knowledge graph representation model to capture both the relevant stock features and the semantic features of news articles. Additionally, the authors consider the emotional characteristics of news and investor comments, drawing insights from behavioral finance theory. The authors examined the effectiveness of these features using the combined deep learning model CNN+LSTM+Attention.
Findings
Experimental results demonstrate that the knowledge-driven combined feature model exhibits significantly improved predictive accuracy compared to single-feature models.
Originality/value
The study highlights the value of the SKG in uncovering potential correlations among stocks. Moreover, the knowledge-driven multi-feature fusion stock forecasting model enhances the prediction of stock trends for well-known enterprises, providing valuable guidance for investor decision-making.
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Hai-xi Jiang and Nan-ping Jiang
A more accurate comprehension of data elements and the exploration of new laws governing contemporary data in both theoretical and practical domains…
Abstract
Purpose
A more accurate comprehension of data elements and the exploration of new laws governing contemporary data in both theoretical and practical domains constitute a significant research topic.
Design/methodology/approach
Based on the perspective of evolutionary economics, this paper re-examines economic history and existing literature to study the following: changes in the “connotation of production factors” in economics caused by the evolution of production factors; the economic paradoxes formed by data in the context of social production processes and business models, which traditional theoretical frameworks fail to solve; the disruptive innovation of classical theory of value by multiple theories of value determination and the conflicts between the data market monopoly as well as the resulting distribution of value and the real economic society. The research indicates that contemporary advancements in data have catalyzed transformative innovation within the field of economics.
Findings
The research indicates that contemporary advancements in data have catalyzed disruptive innovation in the field of economics.
Originality/value
This paper, grounded in academic research, identifies four novel issues arising from contemporary data that cannot be adequately addressed within the confines of the classical economic theoretical framework.
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Zhong Du, Xiang Li and Zhi-Ping Fan
In the practice of live streaming e-commerce, the consumer demand is usually uncertain, and the inventory and prices can be decided by brand owners or streamers. To this end, this…
Abstract
Purpose
In the practice of live streaming e-commerce, the consumer demand is usually uncertain, and the inventory and prices can be decided by brand owners or streamers. To this end, this study examines the inventory and pricing decisions of the brand owner and streamer in a live streaming e-commerce supply chain under demand uncertainty.
Design/methodology/approach
In this study, four scenarios are considered, i.e. the brand owner determines the inventory and price (Scenario BB), the brand owner determines the inventory and the streamer determines the price (Scenario BS), the streamer determines the inventory and the brand owner determines the price (Scenario SB), and the streamer determines the inventory and price (Scenario SS).
Findings
The results show that the inventory and prices, as well as the profits of the brand owner and streamer increase with the consumer sensitivity to streamer’s sales effort level under the four scenarios. The inventory (price) is the highest under Scenario SS (SB), while that is the lowest under Scenario BB (BS). In addition, when the sensitivity is low, the brand owner’s profit is the highest under Scenario BB, otherwise, the profit is the highest under Scenario SS. Regardless of the sensitivity, the streamer’s profit is always the highest under Scenario SS.
Originality/value
Few studies focused on the inventory and pricing decisions of brand owners and streamers in live streaming e-commerce supply chains under demand uncertainty, while this work bridges the research gap. This study can provide theoretical basis and decision support for brand owners and streamers.
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Qingyang Wang, Weifeng Wu, Ping Zhang, Chengqiang Guo and Yifan Yang
To guide the stable radius clearance choice of water-lubricated bearings for single screw compressors, this paper aims to analyze the effects of turbulence and cavitation on…
Abstract
Purpose
To guide the stable radius clearance choice of water-lubricated bearings for single screw compressors, this paper aims to analyze the effects of turbulence and cavitation on bearing performance under two conditions of specified external load and radius clearance.
Design/methodology/approach
A modified Reynolds equation considering turbulence and cavitation is adopted, based on the Jakobsson–Floberg–Olsson boundary condition, Ng–Pan model and turbulent factors. The equation is solved using the finite difference method and successive over-relaxation method to investigate the bearing performance.
Findings
The turbulent effect can increase the hydrodynamic pressure and cavitation. In addition, the turbulent effect can lead to an increase in the equilibrium radius clearance. The turbulent region exhibits a higher load capacity and cavitation rate. However, the increased cavitation negatively impacts the frictional coefficient and end flow rate. The impact of turbulence increases as the radius clearance decreases. As the rotating speed increases, the turbulence effect has a greater impact on the bearing characteristics.
Originality/value
The research can provide theoretical support for the design of water-lubricated journal bearings used in high-speed water-lubricated single screw compressors.
Peer review
The peer review history for this article is available at: https://publons.com/publon/10.1108/ILT-01-2024-0029/
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The optimization of transport efficiency by self-operated logistics has brought competitive advantages to platform, who is gradually developing self-operated logistics and…
Abstract
Purpose
The optimization of transport efficiency by self-operated logistics has brought competitive advantages to platform, who is gradually developing self-operated logistics and adopting the preannouncement to announce the related information in advance. The purpose of this paper is to explore the development order of self-operated logistics on platform under consideration of preannounce behavior.
Design/methodology/approach
This paper considers the sequence of platform constructing the self-operated logistics and constructs the two-stage pricing models to analyze the optimal pricing of platforms under different preannounce strategies, including four scenarios: {no-preannounce, first mover}, {no-preannounce, second mover}, {preannounce, first mover} and {preannounce, second mover}.
Findings
The authors receive several conclusions: First, under no-preannounce scenario, regardless of the sequence of entry into self-operated logistics market, when the quality differentiation of two platforms’ self-operated logistics is moderate, the ratio pricing of two platforms at competition stage is positively correlated with quality differentiation of their self-operated logistics. Additionally, there exists the substitution effect between preannouncement and quality differentiation under no-preannounce condition, and the first-mover platform should increase the pricing of the monopoly phase until it is twice as high as its pricing during the competition phase. Interestingly, the pricing of platform and the strategy for developing self-operated logistics are symmetric between first- and second-mover scenarios.
Originality/value
First, this study analyzes the pricing and self-operated logistics construction under different preannounce strategies, enriching the interdisciplinary research on corporate marketing and providing scientific suggestions on how to use preannouncement to acquire competitive advantages. Second, this paper also considers the sequence of platform developing self-operated logistics and analyzes how platform develops self-operated logistics as well as pricing to gain first-mover and second-mover advantages. Third, this paper develops the two-stage pricing models that consider the continuity of pricing in different cycles, enriching the relevant theories and models.
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Yi liu, Ping Li, Boqing Feng, Peifen Pan, Xueying Wang and Qiliang Zhao
This paper analyzes the application of digital twin technology in the field of intelligent operation and maintenance of high-speed railway infrastructure from the perspective of…
Abstract
Purpose
This paper analyzes the application of digital twin technology in the field of intelligent operation and maintenance of high-speed railway infrastructure from the perspective of top-level design.
Design/methodology/approach
This paper provides a comprehensive overview of the definition, connotations, characteristics and key technologies of digital twin technology. It also conducts a thorough analysis of the current state of digital twin applications, with a particular focus on the overall requirements for intelligent operation and maintenance of high-speed railway infrastructure. Using the Jinan Yellow River Bridge on the Beijing–Shanghai high-speed railway as a case study, the paper details the construction process of the twin system from the perspectives of system architecture, theoretical definition, model construction and platform design.
Findings
Digital twin technology can play an important role in the whole life cycle management, fault prediction and condition monitoring in the field of high-speed rail operation and maintenance. Digital twin technology is of great significance to improve the intelligent level of high-speed railway operation and management.
Originality/value
This paper systematically summarizes the main components of digital twin railway. The general framework of the digital twin bridge is given, and its application in the field of intelligent operation and maintenance is prospected.
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Ping Liu, Ling Yuan and Zhenwu Jiang
Over the past decade, artificial intelligence (AI) technologies have rapidly advanced organizational management, with many organizations adopting AI-based algorithms to enhance…
Abstract
Purpose
Over the past decade, artificial intelligence (AI) technologies have rapidly advanced organizational management, with many organizations adopting AI-based algorithms to enhance employee management efficiency. However, there remains a lack of sufficient empirical research on the specific impacts of these algorithmic management practices on employee behavior, particularly the potential negative effects. To address this gap, this study constructs a model based on the psychological ownership theory, aiming to investigate how algorithmic management affects employees’ knowledge hiding.
Design/methodology/approach
This study validates the model through a situational experiment and a multi-wave field study involving full-time employees in organizations implementing algorithmic management. Various analytical methods, including analysis of variance, regression analysis and path analysis, were used to systematically test the hypotheses.
Findings
The study reveals that algorithmic management exerts a positive indirect influence on knowledge hiding through the psychological ownership of personal knowledge. This effect is particularly pronounced when employees have lower organizational identification, highlighting the critical role of organizational culture in the effectiveness of technological applications.
Originality/value
This study is among the first empirical investigations to explore the relationship between algorithmic management and employee knowledge hiding from an individual perception perspective. By applying psychological ownership theory, it not only addresses the current theoretical gap regarding the negative effects of algorithmic management but also provides new theoretical and empirical support for the governance and prevention of knowledge hiding within organizations in the context of AI algorithm application. The study highlights the importance of considering employee psychology (i.e. psychological ownership of personal knowledge) and organizational culture (i.e. organizational identification) under algorithmic management. This understanding aids organizations in better managing knowledge risks while maximizing technological advantages and effectively designing organizational change strategies.