Search results
1 – 10 of over 2000K.C. Fung and Nathalie Aminian
In this paper, the authors aim to examine some characteristics of the innovation system and policy in France and China. For comparison, they also highlight some high technology…
Abstract
Purpose
In this paper, the authors aim to examine some characteristics of the innovation system and policy in France and China. For comparison, they also highlight some high technology features of Silicon Valley and California.
Design/methodology/approach
The authors study the characteristics of innovation in France and in China. The authors examine the technology systems and policies in both countries and compare their features with those in Silicon Valley.
Findings
As far as France is concerned, it can be stated that the innovation system and policy are under transformation, going from a strong state involvement to a more decentralized framework. This evolution leads to a multi-level governance of the innovation system and to the emergence of new actors. For China, the most interesting development in China is the evolution of its internet-related sector. The authors argue here that the internet-driven economy is a radical, systemic technological change and it is rapidly growing in China.
Originality/value
One of the earliest papers comparing the innovation policies and activities in France, China and Silicon Valley.
Details
Keywords
K.C. Fung, Hsiang-Chih Hwang, Jesús Seade and Rocky Tung
In this paper, the authors aim to examine trade in parts and components of Mexico, Chile and Brazil, focusing in particular on trade of television parts (SITC 7711) and…
Abstract
Purpose
In this paper, the authors aim to examine trade in parts and components of Mexico, Chile and Brazil, focusing in particular on trade of television parts (SITC 7711) and semiconductors (SITC 7763) with China and South Korea. They also study the impact of foreign direct investment (FDI) on supply chain activities.
Design/methodology/approach
The authors use sub-categories of trade data to look at export and import of parts and components involving China, South Korea, Mexico, Brazil and Chile. They also use two-stage regressions to examine the impact of FDI on supply chain trade.
Findings
The authors found preliminary evidence that there may be early signs of an emerging Trans-Pacific production network between these three Latin American economies and the China-based and South Korea-based East Asian supply chains. The authors argue that this budding network will improve economic welfare. To deepen the Trans-Pacific supply chain, it would be desirable for China and South Korea to consider joining the Trans-Pacific Partnership (TPP). In addition, FDI enhances trade in components.
Practical implications
To deepen the Trans-Pacific supply chain, it would be desirable for China and South Korea to consider joining the TPP. In addition, it would be beneficial for these Latin American economies to encourage more direct investment in infrastructure and in manufacturing facilities from Asia.
Originality/value
This paper is one of the earliest research papers examining the Trans-Pacific supply chain, linking China, South Korea with Mexico, Brazil and Chile. The authors also study the impact of FDI on supply chain activities.
Details
Keywords
Uses a conjectural variation approach to derive a general resultconcerning the equivalence of tariffs and quotas. Shows that, as long asthe quota is binding, the equivalence of…
Abstract
Uses a conjectural variation approach to derive a general result concerning the equivalence of tariffs and quotas. Shows that, as long as the quota is binding, the equivalence of tariffs and quotas depends exclusively on the domestic firm′s conjectural variations. Specifically, the domestic prices of the goods under the quota are higher than, identical to, or lower than those under the tariff if the domestic firm′s conjectural variation under the quota is larger than, equal to, or smaller than that under the tariff. This conclusion holds for both price‐setting and quantity‐setting duopoly with heterogeneous goods as well as quantity‐setting duopoly with homogeneous goods.
Details
Keywords
K.C. Fung, Lurong Chen and Alicia Garcia-Herrero
The purpose of this paper is to investigate what affects trade in parts and components, particularly for Latin America and East Asia.
Abstract
Purpose
The purpose of this paper is to investigate what affects trade in parts and components, particularly for Latin America and East Asia.
Design/methodology/approach
The methodology includes using data analysis as well as regressions
Findings
The main findings show that logistics and infrastructure are among the most important determinants of supply chain trade. For Latin America to participate more in such trade, the region should attract more foreign direct investment, including direct investment from China in transportation, roads and ports as well as infrastructure in general.
Originality/value
This paper is among the first in the literature to conduct regression analysis on trade in parts and components.
Details
Keywords
Syed Jawad Hussain Shahzad, Safwan Mohd Nor, Nur Azura Sanusi and Ronald Ravinesh Kumar
The purpose of this paper is to identify the arbitrage opportunities between US industry-level credit and stock markets with a focus on dynamic lead-lag relationships given that…
Abstract
Purpose
The purpose of this paper is to identify the arbitrage opportunities between US industry-level credit and stock markets with a focus on dynamic lead-lag relationships given that these markets involve heterogeneous agents operating over various time horizons.
Design/methodology/approach
The authors use daily data of 11 US industries stock markets and their credit counterparts to model the dynamic dependence and casual nexuses using time-frequency approach, namely, wavelet squared coherence (WTC).
Findings
The WTC estimation results show that credit and stock markets are out of phase (counter cyclical) and stock markets lead their credit counterparts. The coherence between two markets increases during financial crises. The banks (utilities) industry credit and stock markets have relatively high (low) dependence.
Research limitations/implications
The casual nexuses between stock and credit markets have multilateral dimensions. Greater interest in examining the relationship between stock markets and credit default swap (CDS) spreads emerged as an important albeit a complex area of research, and gained prominence especially at the onset and following the global financial crises of 2007-2008 which clearly showed that the positive views of CDSs contribution in creating a resilient and efficient financial sector was nothing further from the truth.
Practical implications
The arbitrage and hedging opportunities between stock and credit markets are industry dependent and vary over investment time horizons. The utilities industry seems attractive for the investment with the objective to exploit arbitrage, but not for hedging.
Originality/value
The paper, for the first time, employs time-frequency approach to assess the arbitrage opportunities between US industry-level credit and stock markets.
Details
Keywords
Kam C. Chan, Anna Fung, Hung-Gay Fung and Jot Yau
The purpose of this paper is to provide a selective review of literature and presents a conceptual framework in journal and institution rankings. Several streams of ranking…
Abstract
Purpose
The purpose of this paper is to provide a selective review of literature and presents a conceptual framework in journal and institution rankings. Several streams of ranking literature are analyzed.
Design/methodology/approach
The authors provide a conceptual framework to analyze the literature of journal and school ranking. Thus, several streams of ranking literature are analyzed to support the conceptual framework.
Findings
Through the lens of a context-driven framework, the authors point to originality, utility, and timeliness as aspects that contribute to the recent increase of the ranking literature. Finally, the authors discuss other issues that arise within ranking due to subjective biases, institutional preferences and difficulties establishing weighting measurements, as well as the future direction of ranking.
Research limitations/implications
The authors propose a context-based ranking framework to analyze rankings as factors that influence the environment may ultimately affect the usefulness of these rankings. It also implies that ranking of a journal or institution is a relative measure, as the context in which rankings are derived may change over time. Ultimately, the relative benchmarks used in the ranking will change as newer, more relevant metrics are developed.
Originality/value
The conceptual framework is new and provides a useful benchmark to understand ranking of journals and school.
Details
Keywords
Tessa Withorn, Carolyn Caffrey, Joanna Messer Kimmitt, Jillian Eslami, Anthony Andora, Maggie Clarke, Nicole Patch, Karla Salinas Guajardo and Syann Lunsford
This paper aims to present recently published resources on library instruction and information literacy providing an introductory overview and a selected annotated bibliography of…
Abstract
Purpose
This paper aims to present recently published resources on library instruction and information literacy providing an introductory overview and a selected annotated bibliography of publications covering all library types.
Design/methodology/approach
This paper introduces and annotates English-language periodical articles, monographs, dissertations, reports and other materials on library instruction and information literacy published in 2018.
Findings
The paper provides a brief description of all 422 sources, and highlights sources that contain unique or significant scholarly contributions.
Originality/value
The information may be used by librarians and anyone interested as a quick reference to literature on library instruction and information literacy.
Details
Keywords
– The purpose of this paper is to examine various aspects of regional and global production networks, with a special focus on China.
Abstract
Purpose
The purpose of this paper is to examine various aspects of regional and global production networks, with a special focus on China.
Design/methodology/approach
The author studies four different approaches to measure production networks and discuss their strengths and weaknesses. The author presents some of the results associated with some of these measurements.
Findings
The author finds that using trade data alone is simple but incomplete. Bringing in input–output tables is useful but much more data would be needed. In addition, for the case of China, electronic goods and telecommunication goods tend to have a higher foreign value added.
Research limitations/implications
Data with good quality can be a problem. The authors also have difficulty getting input–output tables for many years.
Practical implications
The results can guide policymakers as to which industries can create more domestic value added. The results can also lead to betting of an understanding of trade balances measured in the value added.
Social implications
The results can generate further understanding among citizens of many different countries, including China, about the importance of different sectors in generating the value added.
Originality/value
The value of this paper is to focus on alternative ways to measure the value added in exports from China. The paper is the first to discuss the strengths and weaknesses of different approaches and present some of these results.
Details