Search

Abstract Explaining and forecasting inflation are important and challenging tasks because inflation is one focus of macroeconomics. This paper introduces novel investor attention to the field of inflation for the first time. Specifically, the Granger causality test, vector autoregression (VAR) model, certain linear models, and several statistical indicators are adopted to illustrate the roles of investor attention in explaining and forecasting inflation. The empirical results can be summarized as follows. First, investor attention is the Granger cause of the inflation rate and has a negative impact on inflation. Second, predictive models that incorporate investor attention can significantly outperform the commonly used benchmark models in inflation forecasting for both short and long horizons. Third, the robustness checks show that updating investor attention or the model specification does not change the conclusion of the crucial role of investor attention in explaining and forecasting inflation. Finally, this paper proves that investor attention influences inflation through inflation expectations. In summary, this paper demonstrates the importance of investor attention for macroeconomics, as investor attention affects inflation.

Abstract Entrepreneurship education (EE) has rapidly evolved within higher education and has emerged as a pivotal mechanism for cultivating innovative and entrepreneurial talent. In China, while EE has made positive strides, it still faces a series of practical challenges. These issues cannot be effectively addressed solely through the efforts of universities. Based on the triple helix (TH) theory, this study delves into the unified objectives and practical content of EE in Chinese higher education. Through a comprehensive literature review on EE, coupled with educational objectives, planned behavior, and entrepreneurship process theories, this study introduces the 4H objective model of EE. 4H stands for Head (mindset), Hand (skill), Heart (attitude), and Help (support). Additionally, the research extends to a corresponding content model that encompasses entrepreneurial learning, entrepreneurial practice, startup services, and the entrepreneurial climate as tools for achieving the objectives. Based on a single-case approach, this study empirically explores the application of the content model at T-University. Furthermore, this paper elucidates how the university plays a role through the comprehensive development of entrepreneurial learning, practices, services, and climate in nurturing numerous entrepreneurs and facilitating the flourishing of the regional entrepreneurial ecosystem. This paper provides important contributions in its application of TH theory to develop EE within the Chinese context, and it provides clear guidance by elucidating the core objectives and practical content of EE. The proposed conceptual framework serves not only as a guiding tool but also as a crucial conduit for fostering the collaborative development of the EE ecosystem. To enhance the robustness of the framework, this study advocates strengthening empirical research on TH theory through multiple and comparative case studies.

Abstract This paper examines the application and evolution of philosophical practice in China, which employs philosophical principles and methods to facilitate insights and address life’s complexities. We aim to bridge the knowledge gap regarding the trajectory and contemporary landscape of China’s philosophical practice and its impact on individual and societal flourishing. Guided by the research question, “How has philosophical practice evolved in China, and what are its challenges and future prospects?” this study adopts a qualitative research methodology, including a literature review, historical analysis, and case studies from Chinese philosophical communities. Findings indicate a burgeoning growth of philosophical practice in China, with traditional Chinese philosophies being adapted to provide practical guidance for contemporary issues. The spread of philosophical practice communities across China reflects a growing embrace of these practices. This paper outlines the hurdles and prospects for philosophical practice, pinpointing opportunities for further research and cross-cultural engagement. The insights furnished by this study offer a framework for scholars, practitioners, and policymakers to enhance philosophical practice’s role in personal growth and societal well-being, both within China and internationally.

Abstract This study explores the necessity and direction of safety regulations for Artificial Intelligence (AI), drawing parallels from the regulatory practices of the International Atomic Energy Agency (IAEA) for nuclear safety. The rapid advancement and global proliferation of AI technologies necessitate the establishment of standardized safety norms to minimize discrepancies between national regulations and enhance the consistency and effectiveness of these rules. The study emphasizes the importance of international collaboration and the engagement of various stakeholders to strengthen the appropriateness of regulations and ensure their continuous updating in response to the evolving risks associated with technological advancements. The paper highlights the critical role of subgoal setting mechanisms in AI’s decision-making processes, underscoring their significance in ensuring the technology’s stability and social acceptability. Improperly tuned subgoal setting mechanisms may lead to outcomes that conflict with human intentions, posing risks to users and society at large. The study draws attention to the hidden risks often embedded within AI’s core decision-making mechanisms and advocates for regulatory approaches to guarantee safe and predictable AI operations. Furthermore, the study acknowledges the limitations of directly applying IAEA’s nuclear safety cases to AI due to the distinct characteristics and risks of the two fields. The paper calls for future research to delve deeper into the need for an independent regulatory framework tailored to AI’s unique features. Additionally, the study emphasizes the importance of accelerating international consensus, developing flexible regulatory models that reflect the situation in each country, exploring harmonization with existing regulations, and researching timely regulatory responses to the fast-paced development of AI technology.

Abstract Multinational investment has attracted mixed reactions from scholars and policymakers concerning their role and impact on job creation in host countries, particularly in developing economies. Using Ghana as a case study, this paper examines the impact of Greenfield investment on job creation. Proponents of multinational corporations (MNCs) argue that foreign direct investment (FDI) leads to economic growth, creates technological spillover, increases exports, and creates jobs, among other benefits. This has encouraged developing economies to adopt developmental strategies around MNC activities. Although most researchers have analyzed the impact of FDI on job creation, the unanswered question is: Does greenfield investment in Ghana lead to significant job creation in the formal sector? Extant literature considers FDI monolithic, without adequately differentiating between Green and Brownfield investments. Using granular data from the FDI Markets, this research paper fills this gap by empirically analyzing the Greenfield investment by 386 multinational companies in Ghana from 2003 to September 2020. Over the specified year range, these companies engaged in 500 projects across Ghana. Adopting the ordinary least square analysis (OLS), the study demonstrates that Greenfield investment has a statistically significant and positive impact on job creation in Ghana. Out of the 31 sectors, only the following sectors contribute significantly to job creation through Greenfield investment in Ghana: Consumer Products, Food & Beverage, Industrial Equipment, and Non-automotive transport OEM. This paper contributes to a better understanding of how government investment in fixed assets (GCF) such as roads, railways, and industrial buildings in the local economy should be managed efficiently so as not to spur inflation, which correlates negatively with jobs. Finally, this paper analyzes Chinese investments in Ghana, comparing them with U.S. investments, and examining their broader geopolitical implications, which highlights the importance of aligning foreign investments with national development strategies and adhering to international norms and standards.

Abstract Industrial designers have a need to acquire knowledge related to physical materials and undertake activities such as materials selection and materials-driven creative design. Chinese indigenous materials (CIMs) and relevant crafts are identified as a significant but currently untapped resource for designers. Existing research lacks systematic organization and classification for this rich resource making it difficult to develop an online materials database for creative design. To enable industrial designers to develop an understanding of CIMs, obtain design inspiration and stimulate creative design activity, this paper reports on the development of a framework for a taxonomy of CIMs. Through literature review and analysis of existing design tools, the purpose, ending conditions, basic methods and framework of a taxonomy were identified. Taking Xuan Paper as an example, a case study was undertaken to establish methods and processes. When combined with expert interviews and user questionnaires, the usefulness, efficiency and acceptability of the research framework were evaluated, optimized and validated. The findings indicate that a CIM taxonomy can support designers to systematically acquire materials and processing information, facilitate materials-driven creative design, material comparison/selection and provide a framework for the construction of CIM-related databases.

Abstract The social distancing imposed by the Covid-19 pandemic accelerated the digitalisation of societies, which also influenced habits related to the consumption and dissemination of news. In this context, older individuals are often blamed for contributing to disinformation, which is associated with the echo chambers fostered by social media. Mass media, social media and personal communication tools act as mass, social or personal intermediaries when it comes to keeping up to date with the news. This paper analyses the preferred intermediaries of older online adults (aged 60 and over) for following the news and how they change over time. We analysed two waves of an online survey-based longitudinal study conducted in Canada and Spain, before Covid-19 pandemic (2016/17), and during Covid-19 (in 2020). We found that most participants exclusively use mass intermediaries or combine mass with social and personal intermediaries to keep abreast of the news. However, only 28% of respondents inform themselves exclusively through the alleged echo chambers of social and personal intermediaries. Results also show that media ecologies evolve in different directions, and, despite the forced digitalisation driven by the pandemic, digital media usage did not always increase or evolve towards newer technologies. This paper contributes to understanding the diverse intermediaries used by older adults to obtain news and how such media ecologies can contribute to contrasting different sources of information beyond the alleged echo chambers of social media.

Abstract Research on issues such as adapting to rapid environmental change should include indigenous and local people in developing more robust and inclusive diagnoses and responses. Various studies indicate that such projects may face challenges. Researchers touch on these in papers where they reflect on their own work, but to a lesser extent in their empirical papers. Based on interviews with, and articles by, a varied sample of 15 researchers who work with local or indigenous peoples around the globe, I identified the challenges they face and how they deal with them. Thematic analysis of interview transcripts revealed eight themes: (1) external pressure, (2) engaging local people, (3) relevance of projects, (4) prior negative experiences, (5) cultural, historical, and geographical differences, (6) language challenges, (7) payment for participation, and (8) diverging epistemic cultures. Respondents’ statements in all themes contain reflections displaying care, consideration, or responsibility for the projects and the local people they involve. This links the challenges with everyday ethics. Analysis of scientific papers written by the respondents showed that they hardly write about the challenges they face, whereby neither local participants nor other readers of these texts are actively informed by and engaged in critical-reflective discussions about the challenges arising during the research and the strategies used to deal with them. The research community has a responsibility to remedy this shortcoming: in their papers, authors should discuss the main challenges faced and develop, describe, and promulgate strategies for dealing with them.

Abstract Relevant data on sensitive and politicised political processes might be difficult to obtain and is sometimes even purposely hidden from the public domain. Policy elite interviews constitute crucial sources of information in policy research. However, there are significant challenges associated with ‘researching up’ which sets elite interviews apart from other interview methods. Although there is a great deal of literature concerning interviews conducted via phone or audio-visual computer programs, the implications of conducting policy elite interviews online have received surprisingly little attention. This paper discusses how going online can mediate the main challenges associated with policy elite interviews. These challenges include barriers to gaining access, dealing with biased information, and problems concerning positionality. Based on a least likely case to access relevant data, this paper reflects on personal experience from 20 online interviews with European Commission representatives on policy responses to the 2015 migration crisis. The paper concludes that the online format facilitated unique insights into a highly controversial issue area.

Abstract Big digital companies have become key elements in economy, communication, education, and politics in 21st century societies. The neutral ideology in their digital platforms, applications, and services, as well as the exponential growth in their activities can be used by world superpowers —especially the United States and China— to implement geostrategical operations, massive social manipulation or influence democratic processes with the objective of increasing their power and dominance over other nations. The aim of this paper is to state the different strategies of digital expansionism performed by the United States and China, and, additionally, to showcase the negative consequences of these strategies on the population and democracies of the European Union. The first section of this paper will define the concepts of digital sovereignty and digital expansionism as well as their importance in 21st century geopolitics. Next, the important role that big digital companies have on digital expansionism will be analysed, and the usage of digital authoritarianism and digital instrumentarianism performed by the United States and China will be further examined. Finally, the negative consequences of the implementation of these methods in the democratic systems of the European Union will be analysed, as well as what possible solutions there might be for said consequences.