Do technology-focused fast internationalizers’ performance measures change as they mature?

We examine how technology-focused innovation-based fast internationalizers’ (TIFIs’) performance measures change as they mature. Based on 42 interviews with Australian entrepreneurs and industry experts, we show that young TIFIs employ exploratory strategies for developing cutting-edge solutions and prefer using subjective measures for assessing their export performance. Later, becoming more complex organizations, employing exploitative strategies, they use additional objective, profit-based measures. The implications of destructive forces (e.g., COVID-19) to the performance of these firms were modest. Due to being digitally-based industry disruptors, they remain focused on innovation as the source of their independence and survival. Their creativity drives constant change/disruption to industries, requiring back-and-forth movement among exploratory and exploitative strategies, integrating subjective and objective performance measure simultaneously, as their new-to-the-world solutions are developed to withhold ‘creative destruction’ over time.     

基于改进的GM_Markon模型对北京创意产业发展的预测

创意产业产值受周边环境因素影响较大，在某些年份甚至出现局部较大畸变，通过相关文献学习，首先通过对灰色模型预测，然后经过残差修正增加模型规律性（采用两次残差累加），最后在残差修正灰色模型基础上应用改进的马尔科夫链提高预测精度，对2005-2014年北京创意产业产值数据验证算法有效性进行研究。此算法优点在于弥补灰色模型数据少，随机性大的缺陷，很好修正畸变数据和提高拟合度。     

Monetary Policy in a Schumpeterian Growth Model with Vertical R&D Sectors

We explore the growth and welfare effects of monetary policy in a Schumpeterian economy with cash-in-advance (CIA)-constrained research and development (R&D) investment in both the upstream and downstream sectors. We show that the nominal interest rate can have an inverted-U relation with economic growth due to its effects on labor allocations between manufacturing and R&D and between the R&D sectors. Furthermore, aggregate R&D overinvestment is generally sufficient but not necessary for the Friedman rule of zero nominal interest rates to be suboptimal. Calibrated using data from U.S. manufacturing firms, our model features a positive welfare-maximizing nominal interest rate despite aggregate R&D underinvestment.     

Nonlinear Employment Effects of Tax Policy

We study the nonlinear propagation mechanism of tax policy in a heterogeneous-agent equilibrium business cycle model with search frictions in the labor market and an extensive margin of employment adjustment. The model exhibits endogenous job destruction and endogenous hiring standards in the form of occasionally-binding zero-surplus constraints. After parameterizing the model using U.S. data, we find that the dynamic response of employment to a temporary change in the labor income tax is highly nonlinear, displaying sizable asymmetries and state dependence. Notably, the response to a tax rate cut is at least twice as large in a recession as in an expansion.     

RESILIENCE AND ADAPTATION IN GENTRIFYING URBAN INDUSTRIAL DISTRICTS: The Experience of Cultural Manufacturers in San Francisco and Melbourne

Recent urban scholarship shows how zoning and real estate dynamics shape ongoing processes of gentrification and deindustrialization. While studies demonstrate the impact of planning and property market pressures on the arts, less research has examined their effect on urban manufacturers in gentrifying industrial districts. Given the differential impact of zoning and real estate pressures, our research focuses specifically on how ‘cultural manufacturers’ negotiate changing land use patterns in gentrifying urban industrial areas in San Francisco and Melbourne. Our findings show how cultural manufacturers develop flexible workspace arrangements, business models and professional networks to negotiate urban restructuring and avoid displacement. Though innovative, these survival strategies provide limited ability to navigate structural barriers. Here, the presence of intermediary organizations can help coordinate a strategic response to industrial gentrification and indifferent planning policy. In our research we highlight the everyday practices of adaptation and collective action in an under-researched cultural sector to provide a counterweight to macro-scale transitional narratives. While cities have deindustrialized owing to technological and competitive pressures, to focus exclusively on this misses a range of resilience practices that have sustained manufacturers in restructuring cities.     

中国科技馆文创产品开发试点工作实践与思考

文创产品是科技馆展览功能和教育功能的有效补充和延伸，是可以带回家的“移动科技馆”，开发成功的文创产品可以辅助科技馆更好地传播科学和服务公众。本文通过梳理国内外博物馆文创产品的开发现状及有效做法，结合中国科技馆文创产品开发试点工作的实践经验，对博物馆文创产品的内涵进行了界定，并围绕科技馆行业如何更好地发展文创产业提出建议和对策，以期为全国的科技馆文创产品开发工作提供借鉴。