Cheche Duan, Yicheng Zhou, Yuanqing Cai, Wei Gong, Chunzhen Zhao and Jian Ai
This paper investigates the relationship between human capital, economic freedom, governance performance, and economic growth and whether institutional factors such as governance…
Abstract
Purpose
This paper investigates the relationship between human capital, economic freedom, governance performance, and economic growth and whether institutional factors such as governance performance and economic freedom mediate the association between human capital and economic growth.
Design/methodology/approach
In this study, the authors apply the panel data regression method to verify five hypotheses and check the robustness of the empirical findings from four aspects (chow test, panel unit root test, granger test and generalized method of moments) based on the data covering China, India, Russia, Brazil and South Africa from 2000 to 2018.
Findings
After multiple tests with mixed methods, the empirical results show that the relationship between human capital and economic growth is not linear but inverted U-shaped. Furthermore, human capital has a positive effect on economic growth only in a certain period of time, and governance performance positively moderates the effect of human capital on economic growth in BRICS.
Originality/value
First, the impact of human capital on economic growth is not linear but an inverted U-shaped and governance performance moderates the effect of human capital on economic growth in BRICS. The study and research model enhances the authors’ insights on the advantage and challenges of human capital in the future. Second, the proposed multi-methods in the study accurately forecast economic growth which partially solves endogenous problems because of reverse causality.
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Qing Zhou, Yuanqing Liu, Xiaofeng Liu and Guoping Cai
In the post-capture stage, the tumbling target rotates the combined spacecraft system, and the detumbling operation performed by the space robot is required. To save the costly…
Abstract
Purpose
In the post-capture stage, the tumbling target rotates the combined spacecraft system, and the detumbling operation performed by the space robot is required. To save the costly onboard fuel of the space robot, this paper aims to present a novel post-capture detumbling strategy.
Design/methodology/approach
Actuated by the joint rotations of the manipulator, the combined system is driven from three-axis tumbling state to uniaxial rotation about its maximum principal axis. Only unidirectional thrust perpendicular to the axis is needed to slow down the uniaxial rotation, thus saving the thruster fuel. The optimization problem of the collision-free detumbling trajectory of the space robot is described, and it is optimized by the particle swarm optimization algorithm.
Findings
The numerical simulation results show that along the trajectory planned by the detumbling strategy, the maneuver of the manipulator can precisely drive the combined system to rotate around its maximum principal axis, and the final kinetic energy of the combined system is smaller than the initial. The unidirectional thrust and the lower kinetic energy can ensure the fuel-saving in the subsequent detumbling stage.
Originality/value
This paper presents a post-capture detumbling strategy to drive the combined system from three-axis tumbling state to uniaxial rotation about its maximum principal axis by redistributing the angular momentum of the parts of the combined system. The strategy reduces the thrust torque for detumbling to effectively save the thruster fuel.
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Zonghuo Li, Wensheng Yang, Xiaohong Liu and Hassan Taimoor
This paper aims to investigate the impact of retailer innovation investment and its spillover’s effect on competitive dual-channel supply chain pricing and optimization strategy…
Abstract
Purpose
This paper aims to investigate the impact of retailer innovation investment and its spillover’s effect on competitive dual-channel supply chain pricing and optimization strategy, and explore the coordination mechanism considering decision maker’s bargaining ability.
Design/methodology/approach
The Cournot and Stackelberg game methodology are made use of for the duopoly decentralized and joint decision-making model. The bargaining theory with different negotiation ability was used to analysis the coordination mechanism. Then this paper validates the model by simulation techniques.
Findings
The results enlightened some interesting facts, the increase in innovation demand coefficient spur rise in channel pricing, innovation investment level, supply chain profit and consumer welfare. The rise in innovation spillover coefficient leads to increase in online channel pricing, supply chain profit and consumer welfare. Due to the innovation spillover effect, retailer has to maintain channel competitiveness either through low price or high innovation investment strategies. In addition, online channel pricing, supply chain profit and consumer welfare in joint decision-making scenario is greater than that of decentralized decision-making scenario, while the difference in retailer channel pricing depends on parameters value. The increase in retailer’s joint negotiation factor leads to decrease in channel pricing and innovation investment level. Furthermore, there existence of an optimal innovative investment cost sharing proportion threshold indicates the achievement of dual-channel supply chain coordination. A refinement equilibrium can be achieved through Robinstein bargaining game. A larger interest discount factor leads to decrease in profit.
Originality/value
The research provides a theoretical reference for dual-channel supply chain pricing and coordination strategy under channel competition environment. The research can develop innovative investment strategies for retailers and implement response strategies for manufacturers.
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Dimitrios Buhalis, Xi Yu Leung, Daisy Fan, Simon Darcy, Ganghua Chen, Feifei Xu, Garry Wei-Han Tan, Robin Nunkoo and Anna Farmaki