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1 – 3 of 3The purpose of this study is to provide new insights into the relationship between fiscal policy and total factor productivity (TFP) while accounting for several economic and…
Abstract
Purpose
The purpose of this study is to provide new insights into the relationship between fiscal policy and total factor productivity (TFP) while accounting for several economic and econometric issues of the phenomenon like non-stationarity, fiscal feedback effects, persistence in productivity, country heterogeneity and unobserved global shocks and local spillovers affecting heterogeneously the countries in the sample.
Design/methodology/approach
The paper is empirical. It builds an Error Correction Model (ECM) specification within a dynamic heterogeneous framework with common correlated effects and models both reverse causality and feedback effects.
Findings
The results of this study highlight some new findings relative to the existing related literature. The outcomes suggest some relevant evidence at both the academic and policy levels: (1) the causal effects going from fiscal deficit/surplus to TFP are heterogeneous across countries; (2) the effects depend on the time horizon considered; (3) the long-run dynamics of TFP are positively impacted by improvements in fiscal budget, but only if the austerity measures do not exert slowdowns in aggregate growth.
Originality/value
The main originality of this study is methodological, with possible extensions to related phenomena. Relative to the existing literature, the gains of this study rely on the way econometric techniques, recently proposed in the literature, are adapted to the economic relationship of interest. The endogeneity due to the existence of reverse causality is modelled without implying relevant performance losses of the models. Moreover, this is the first article that questions whether the effects of fiscal budget on productivity depend on the impact of the former on aggregate output growth, thus emphasising the importance of the quality of fiscal adjustments.
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The purpose of this paper is twofold: first, a case study on applying lean principles in manufacturing operations to redesign and optimize an electronic device assembly process…
Abstract
Purpose
The purpose of this paper is twofold: first, a case study on applying lean principles in manufacturing operations to redesign and optimize an electronic device assembly process and its impact on performance and second, introducing cardboard prototyping as a Kaizen tool offering a novel approach to testing and simulating improvement scenarios.
Design/methodology/approach
The study employs value stream mapping, root cause analysis, and brainstorming tools to identify root causes of poor performance, followed by deploying a Kaizen event to redesign and optimize an electronic device assembly process. Using physical models, bottlenecks and opportunities for improvement were identified by the Kaizen approach at the workstations and assembly lines, enabling the testing of various scenarios and ideas. Changes in lead times, throughput, work in process inventory and assembly performance were analyzed and documented.
Findings
Pre- and post-improvement measures are provided to demonstrate the impact of the Kaizen event on the performance of the assembly cell. The study reveals that implementing lean tools and techniques reduced costs and increased throughput by reducing assembly cycle times, manufacturing lead time, space utilization, labor overtime and work-in-process inventory requirements.
Originality/value
This paper adds a new dimension to applying the Kaizen methodology in manufacturing processes by introducing cardboard prototyping, which offers a novel way of testing and simulating different scenarios for improvement. The paper describes the process implementation in detail, including the techniques and data utilized to improve the process.
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This project examines digital modeling strategies for existing buildings. In this context, it aims to question assumptions about the need for geometric accuracy and the efficacy…
Abstract
Purpose
This project examines digital modeling strategies for existing buildings. In this context, it aims to question assumptions about the need for geometric accuracy and the efficacy of predefined ontologies. As a counterpoint to prevailing digital modeling strategies, this project proposes a digital modeling approach using a project-specific, emergent ontology.
Design/methodology/approach
Nishiki Market, in Kyoto, Japan, is studied as a test case. The emergent-ontology modeling process is introduced with an initial minimal set of operations including basic fold and trim operations applicable to surfaces. As the model develops iteratively, new situations are encountered for which existing rules are insufficient. In response, the model maker’s subjective judgment is invoked to introduce new operations, and ontological rules are allowed to expand.
Findings
The emergent-ontology approach, when executed on the Nishiki Market test case, enables representation of specific architectural qualities, highlighting semantic distinctions between digitally modeled elements of real-world features. The modeling approach generated project-specific knowledge, informing disciplinary understanding. Ontological emergence enabled semantic relationships to be disclosed and newly constructed.
Originality/value
The project proposes a novel methodology using an emergent ontology for digitally modeling existing buildings. Instead of remaining within the limitations a predefined ontology, the model maker’s subjective decisions shape the model’s ongoing development. This interpretive approach allows project-specific knowledge generation while challenging prevailing assumptions about accuracy and consistency in digital models of existing buildings.
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