Technological and Economic Development of Economy最新文献

MEASURING THE TECHNOLOGICAL COMPETITIVENESS OF ECONOMIES WITH THE PTCE METHOD: PRC VS. USA 2000–2020 用 PTCE 方法衡量经济体的技术竞争力：中国与美国 2000-2020 年的比较美国 2000-2020 年

IF 4.8 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-07-11 DOI: 10.3846/tede.2024.21520

Adam Woźnicki, Remigiusz Gawlik

{"title":"MEASURING THE TECHNOLOGICAL COMPETITIVENESS OF ECONOMIES WITH THE PTCE METHOD: PRC VS. USA 2000–2020","authors":"Adam Woźnicki, Remigiusz Gawlik","doi":"10.3846/tede.2024.21520","DOIUrl":"https://doi.org/10.3846/tede.2024.21520","url":null,"abstract":"The relationship between China (PRC) and the United States (USA) has reached an unprecedented level of tension, mainly due to economic and technological rivalry. This study introduces an original quantitative method, the Pentagon of Technological Competitiveness of Economy (PTCE) to measure the technological competitiveness of both countries from 2000 to 2020. The findings reveal that while the USA remains a global technological leader, the PRC is emerging as a formidable challenger. Although the USA still holds the lead, signs of decline are visible, while the PRC exhibits a remarkable upward trajectory in technological competitiveness. The findings provide actionable recommendations for policymakers. To reinforce its position as the unrivaled technological leader, the USA should prioritize enhancing capabilities in areas such as patents, scientific articles and the export of high technology and STEM-related products. For the PRC there is an unprecedented opportunity to surpass the USA in technological leadership by strategic investments in research, innovation and human capital development. The novelty of this research lies in two main areas: (i) its significant contribution to competitiveness analysis through the introduction of the PTCE method and (ii) its provision of a comprehensive assessment of the shifting technological dynamics between the USA and the PRC.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":4.8,"publicationDate":"2024-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141657947","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}

引用次数: 0

EXISTENTIAL RISK FROM TRANSFORMATIVE AI: AN ECONOMIC PERSPECTIVE 变革性人工智能带来的生存风险：经济学视角

IF 4.8 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-07-10 DOI: 10.3846/tede.2024.21525

J. Growiec

{"title":"EXISTENTIAL RISK FROM TRANSFORMATIVE AI: AN ECONOMIC PERSPECTIVE","authors":"J. Growiec","doi":"10.3846/tede.2024.21525","DOIUrl":"https://doi.org/10.3846/tede.2024.21525","url":null,"abstract":"The prospective arrival of transformative artificial intelligence (TAI) will be a filter for the human civilization – a threshold beyond which it will either strongly accelerate its growth, or vanish. Historical evidence on technological progress in AI capabilities and economic incentives to pursue it suggest that TAI will most likely be developed in just one to four decades. In contrast, theoretical problems of AI alignment, needed to be solved in order for TAI to be “friendly” towards humans rather than cause our extinction, appear difficult and impossible to solve by mechanically increasing the amount of compute. This means that transformative AI poses an imminent existential risk to the humankind which ought to be urgently addressed. Starting from this premise, this paper provides new economic perspectives on discussions surrounding the issue: whether addressing existential risks is cost effective and fair towards the contemporary poor, whether it constitutes “Pascal’s mugging”, how to quantify risks that have never materialized in the past, how discounting affects our assessment of existential risk, and how to include the prospects of upcoming singularity in economic forecasts. The paper also suggests possible policy actions, such as ramping up public funding on research on existential risks and AI safety, and improving regulation of the AI sector, preferably within a global policy framework.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":4.8,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141661121","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}

引用次数: 0

TOWARDS A COMPREHENSIVE EVALUATION OF DECENTRALIZATION: A MULTIDIMENSIONAL INSIGHT OF OECD COUNTRIES 对权力下放进行全面评估：对经济合作与发展组织国家的多层面考察

IF 4.8 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-07-10 DOI: 10.3846/tede.2024.21518

M. Poniatowicz, Paweł Konopka, A. Piekutowska

{"title":"TOWARDS A COMPREHENSIVE EVALUATION OF DECENTRALIZATION: A MULTIDIMENSIONAL INSIGHT OF OECD COUNTRIES","authors":"M. Poniatowicz, Paweł Konopka, A. Piekutowska","doi":"10.3846/tede.2024.21518","DOIUrl":"https://doi.org/10.3846/tede.2024.21518","url":null,"abstract":"The present paper introduces a novel methodology for analyzing decentralization across three dimensions: political, administrative, and fiscal. Considering the challenges in determining the degree of decentralization, we have constructed synthetic measures for assessing political (MPD), administrative (MAD), and fiscal (MFD) decentralization employing the TOPSIS method (Technique for Order Preference by Similarity to an Ideal Solution). The use of this method allowed the creation of a linear rank of OECD countries. Furthermore, on the basis of constructed synthetic measures and utilizing the k-means clustering method, we also constructed a non-linear grouping of those countries. This approach enabled us to achieve the final objective of our research, the revelation of varied interrelationships among the different dimensions of decentralization in selected OECD countries. The combined application of the TOPSIS and the k-means methods enhances the methodology for analyzing decentralization by offering a multidimensional perspective. Given the potential repercussions of negative outcomes, such as overt or covert centralization, the findings of our study could turn out to be of significant relevance.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":4.8,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141662801","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}

引用次数: 0

INTERCONNECTIONS AND INTERDEPENDENCIES OF ECONOMIC DEVELOPMENT AND SHADOW BANKING SECTOR IN DEVELOPING AND TRANSITIONAL ECONOMIES 发展中和转型期经济体经济发展与影子银行部门的相互联系和相互依存关系

IF 4.8 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-07-09 DOI: 10.3846/tede.2024.20795

Yao Liang, Xu Jin, Aslan Javid Azimzadeh

{"title":"INTERCONNECTIONS AND INTERDEPENDENCIES OF ECONOMIC DEVELOPMENT AND SHADOW BANKING SECTOR IN DEVELOPING AND TRANSITIONAL ECONOMIES","authors":"Yao Liang, Xu Jin, Aslan Javid Azimzadeh","doi":"10.3846/tede.2024.20795","DOIUrl":"https://doi.org/10.3846/tede.2024.20795","url":null,"abstract":"The research objective is defined as the identification and confirmation of empirical relationships between shadow banking activities and economic development in developing and transitional economies to establish a theoretical basis for minimizing potential risks associated with shadow banking. The methodological design is based on a quantitative approach, implemented through correlation-regression analysis and ARIMA forecasting methods. The research findings confirm Hypothesis 1: China’s shadow banking is closely interconnected with the country’s economic development. However, Hypothesis 2 (the reduction of shadow banking in China contributes to per capita GDP growth) is only supported for specific structural elements of shadow banking that contribute to economic overheating. In contrast, for other structural elements, such as entrusted loans, a strong direct correlation exists, promoting a positive impact of shadow banking on the country’s economic development. This highlights the need for a highly balanced state policy to minimize shadow banking risks. The research results can be valuable for professionals in public administration and academic researchers, particularly in terms of shaping future research directions.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":4.8,"publicationDate":"2024-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141663082","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}

引用次数: 0

WERE THE MANUFACTURING COMPANIES RESILIENT IN THE FACE OF COVID-19 OR DID THEY TAKE ADVANTAGE? 面对科维德-19，制造公司是顽强抵抗，还是占了便宜？

IF 4.8 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-07-09 DOI: 10.3846/tede.2024.20806

C. Sabău-Popa, Luminița Rus, Adrian-Gheorghe Florea, O. Ban, Simona Dzitac, O. Marcu

{"title":"WERE THE MANUFACTURING COMPANIES RESILIENT IN THE FACE OF COVID-19 OR DID THEY TAKE ADVANTAGE?","authors":"C. Sabău-Popa, Luminița Rus, Adrian-Gheorghe Florea, O. Ban, Simona Dzitac, O. Marcu","doi":"10.3846/tede.2024.20806","DOIUrl":"https://doi.org/10.3846/tede.2024.20806","url":null,"abstract":"The research paper aims to build a composite index of the financial performance of companies, to find if the impact of the COVID-19 crisis was significantly positive for most manufacturing companies listed on Bucharest Stock Exchange, and to look if the manufacturing companies were resilient being prepared with savings that could have mitigate the effects of this pandemic crisis. The results of the FE model selected show that 31.67% of the company’s equity variation is justified by the two independent variables, the stronger correlation of equity being with reserves. Based on the composite index of financial performance built, the manufacturing companies were grouped in three clusters: a cluster with low financial performance companies (z < 4), a cluster with good financial performance companies (4 ≤ z ≤ 8) and a cluster with high financial performance companies (z > 8). The third cluster groups the most analysed companies, on which the pandemic crisis had a positive impact, which achieved the highest financial performance; they are those companies that “take advantage” from the COVID-19 crisis, adapting their business strategy to the market conditions imposed. The article adds value to the specialty literature by building the financial performance’s composite indicator, clustering the manufacturing companies by financial performance’ Z-score.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":4.8,"publicationDate":"2024-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141664583","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}

引用次数: 0

ROBOT ADOPTION AND URBAN TOTAL FACTOR PRODUCTIVITY: EVIDENCE FROM CHINA 机器人应用与城市全要素生产率：来自中国的证据

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-06-07 DOI: 10.3846/tede.2024.21102

Bowen Li, Cai Zhou

引用次数: 0

INFORMATION AS A CONSUMER PROTECTION INSTRUMENT ON THE CONSUMER CREDIT MARKET 作为消费者保护手段的消费信贷市场信息

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-06-07 DOI: 10.3846/tede.2024.21496

Iwona Dorota Czechowska, Marta Paduszyńska, Ryszard Jędrzejczak, Adam Sadowski

{"title":"INFORMATION AS A CONSUMER PROTECTION INSTRUMENT ON THE CONSUMER CREDIT MARKET","authors":"Iwona Dorota Czechowska, Marta Paduszyńska, Ryszard Jędrzejczak, Adam Sadowski","doi":"10.3846/tede.2024.21496","DOIUrl":"https://doi.org/10.3846/tede.2024.21496","url":null,"abstract":"The aim of the article was to assess the opinions of consumer credit borrowers on the information message provided to them by lenders at the pre-contractual stage. The opinions were presented in the context of the demographic characteristics of the respondents.\u0000The research question posed was whether, taking into account demographic characteristics, the assessment of consumer credit borrowers regarding the information message obtained at the pre-contractual stage varied. The research methodology included a questionnaire and Computer-Assisted Telephone Interviewing (CATI). For the information analysis, we employed the following non-parametric tests: the chi-square test of independence, the Mann–Whitney U test and the Kruskal–Wallis H test. No significant differences were observed in all the parameters of the assessment of the information message, which means that the answer to the research question was negative. The findings suggest that even though borrowers may positively assess the compliance with the information obligations by lenders, it does not mean that all credit decisions made were rational and appropriate to their financial situation. Our study focused on the consumer protection and employed non-parametric tests to analyze the consumer credit borrowers’ assessment of the information provided to them by lenders.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2024-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141374279","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}

引用次数: 0

A STATE-OF-THE-ART REVIEW OF THE BWM METHOD AND FUTURE RESEARCH AGENDA 对生物量监测方法和未来研究议程的最新回顾

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-06-05 DOI: 10.3846/tede.2024.20761

F. Ecer

{"title":"A STATE-OF-THE-ART REVIEW OF THE BWM METHOD AND FUTURE RESEARCH AGENDA","authors":"F. Ecer","doi":"10.3846/tede.2024.20761","DOIUrl":"https://doi.org/10.3846/tede.2024.20761","url":null,"abstract":"The superiority of BWM over other weighting methods for obtaining the weight values of the attributes is that it achieves high-confidence results with a reasonable number of pairwise comparisons. Although the best-worst method (BWM) is a well-known multi-criteria decision-making (MCDM) method that has been successfully utilized in almost all scientific areas to solve challenging real-life problems, no research has comprehensively examined the state-of-the-art in this regard. The present study depicts a detailed overview of publications concerned with BWM during the period 2015–2022. Based on the information obtained from the Scopus database, this work presents a big picture of current research on BWM. In other words, this paper analyzes the existing literature about BWM and identifies thematic contexts, application areas, emerging trends, and remaining research gaps to shed light on future research agendas aligning with those gaps. Further, the most recent BWM research is analyzed in the top ten scientific areas, from engineering to materials science. “Engineering”, “computer science”, and “business, management, and accounting” are the hottest fields of BWM research. China is the most active country regarding “engineering” and “computer science”, whereas India is the leader in “business, management, and accounting”. The study also reveals that there are still many research gaps in BWM research. The big picture taken in this study will not only showcase the current situation of BWM research but will also positively impact the direction and quality of new research.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141386568","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}

引用次数: 0

THE IMPACT OF DIGITAL DISINFORMATION ON QUALITY OF LIFE: A FUZZY MODEL ASSESSMENT 数字虚假信息对生活质量的影响：模糊模型评估

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-06-05 DOI: 10.3846/tede.2024.21577

Beáta Gavurová, Václav Moravec, Nik Hynek, M. Miovský, Volodymyr Polishchuk, R. Gabrhelík, Miroslav Barták, Benjamin Petruželka, Lenka Stastna

{"title":"THE IMPACT OF DIGITAL DISINFORMATION ON QUALITY OF LIFE: A FUZZY MODEL ASSESSMENT","authors":"Beáta Gavurová, Václav Moravec, Nik Hynek, M. Miovský, Volodymyr Polishchuk, R. Gabrhelík, Miroslav Barták, Benjamin Petruželka, Lenka Stastna","doi":"10.3846/tede.2024.21577","DOIUrl":"https://doi.org/10.3846/tede.2024.21577","url":null,"abstract":"Quality of Life (QoL) is a multifaceted concept encompassing economic, social, environmental, psychological, and physical dimensions of an individual’s life, including personal living conditions, happiness, well-being, and life satisfaction. As a vital criterion for sustainable development and active social policy in countries, QoL has been significantly influenced by the dynamic technological evolution of social media. However, the comprehensive impact of social media, including its role in disseminating disinformation – a major social and socio-economic concern – on QoL remains underexplored. This research aims to develop a novel fuzzy model to assess the level of disinformation on digital platforms and its correlation with the population’s QoL. Employing a mathematical approach rooted in expert evaluation, this study leverages intellectual knowledge analysis and fuzzy set theory. Grounded in data from real respondents and knowledge-based models, this study pioneers an information model to evaluate inhabitants’ QoL, incorporating factors such as financial concerns, perception of disinformation, and its influence on digital platforms. The fuzzy estimation model, verified with data from 3,036 respondents, quantitatively assesses citizens’ QoL. An illustrative application of the model demonstrates its effectiveness. The findings are particularly valuable for policymakers, experts in economic and innovative development, aiding the creation of regulatory and monitoring mechanisms to foster sustainable economic growth and devise effective development strategies.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141382656","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}

引用次数: 0

FACTORS INFLUENCING FOLLOW-ON PUBLIC OFFERING OF SHIPPNG COMPANIES FROM INVESTOR PERSPECTIVE – A HYBRID MULTIPLE-CRITERIA DECISION-MAKING APPROACH 从投资者角度看影响航运公司后续公开发行股票的因素--一种混合多重标准决策方法

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-06-05 DOI: 10.3846/tede.2024.20644

A. J. Lin, Sun-Weng Huang, Hai-Yen Chang, Jiuh-Biing Sheu, Gwo-Hshiung Tzeng Tzeng

{"title":"FACTORS INFLUENCING FOLLOW-ON PUBLIC OFFERING OF SHIPPNG COMPANIES FROM INVESTOR PERSPECTIVE – A HYBRID MULTIPLE-CRITERIA DECISION-MAKING APPROACH","authors":"A. J. Lin, Sun-Weng Huang, Hai-Yen Chang, Jiuh-Biing Sheu, Gwo-Hshiung Tzeng Tzeng","doi":"10.3846/tede.2024.20644","DOIUrl":"https://doi.org/10.3846/tede.2024.20644","url":null,"abstract":"The shipping industry transports nearly 80% of the goods worldwide and requires large funding. The shipping industry shifted from debt to equity as the source of funding in the last decade. Because most shipping companies already had their initial public offering before 2013, these companies tend to engage in follow-on equity offerings (FPO). However, the challenge faced by the shipping companies is the lack of knowledge on successful FPO. The purpose of this study is to identify the most influential factors affecting shipping companies’ FPO from the investor perspective. This research applies a hybrid multiple-criteria decision-making model integrating the fuzzy-Delphi method and Decision-Making Trial and Evaluation Laboratory, processing survey responses covering four dimensions and 16 criteria from 33 investment experts. The results show that financial indicator is the primary cause affecting offering condition, technical indicators. An increase in earnings per share would help the financial performance of the shipping companies to appear most attractive to investors.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141382218","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}

引用次数: 0