This paper provides a theoretical model to explain the causality between China's energy transition and capital deepening found by the empirical study.We prove that in the equilibrium,China's energy transition ...This paper provides a theoretical model to explain the causality between China's energy transition and capital deepening found by the empirical study.We prove that in the equilibrium,China's energy transition is endogenously determined by capital deepening due to the homogeneity of electricity and the monopolistic competition features of China's electricity market.Price effect,which is the effect of change in relative factor price,will affect energy transition only if the policy intervenes electricity price in terms of the primary sources from which it is generated.We propose that investment can promote energy transition by stimulating capital deepening which is biased to clean energy development.In this regard,our paper provides a new way of thinking for other developing countries to design an effective energy transition policy.展开更多
Innovation is the engine of development for enterprises, and there is an increasing trend to adopt an open innovation strategy. However, how to manage external resources in an open, collaborative and complementary man...Innovation is the engine of development for enterprises, and there is an increasing trend to adopt an open innovation strategy. However, how to manage external resources in an open, collaborative and complementary manner, and in a shared environment that will yield the greatest networking effects, it is a challenging task. Because there is no such a satisfactory model for an open innovation strategy that combine operational mechanisms with the management of external resources. This article tries to fill the gap by adopting a resource-based perspective to construct an overall open innovation （OOI） business model. In this model, external resources are classified as industrial and non-industrial entities, to enable the identification of the interaction methods between manufacturing enterprises and external resources. The management of external resources involved in a Technology Open Innovation （TOI） cycle is given particular attention that includes： 1） the classification of the external resources of a TOI, 2） the general mechanisms extracted to promote qualified resources in and unqualified resources out, and 3） a business model to conceptualize the collaboration between enterprises and external resources. A case study of TOI is also provided to empirically verify its feasibility. This paper contributes to the literature by providing an original operational model and mechanism design for an open innovation strategy that is capable of managing external resources effectively.展开更多
文摘This paper provides a theoretical model to explain the causality between China's energy transition and capital deepening found by the empirical study.We prove that in the equilibrium,China's energy transition is endogenously determined by capital deepening due to the homogeneity of electricity and the monopolistic competition features of China's electricity market.Price effect,which is the effect of change in relative factor price,will affect energy transition only if the policy intervenes electricity price in terms of the primary sources from which it is generated.We propose that investment can promote energy transition by stimulating capital deepening which is biased to clean energy development.In this regard,our paper provides a new way of thinking for other developing countries to design an effective energy transition policy.
基金This study is supported by the China Social Science Foundation （15BGL007）, and the authors herewith express their appreciation for its support. The authors thank the valuable comments and suggestions from the annonimous reviewers, and acknowledge the editorial assistance in revising this paper.
文摘Innovation is the engine of development for enterprises, and there is an increasing trend to adopt an open innovation strategy. However, how to manage external resources in an open, collaborative and complementary manner, and in a shared environment that will yield the greatest networking effects, it is a challenging task. Because there is no such a satisfactory model for an open innovation strategy that combine operational mechanisms with the management of external resources. This article tries to fill the gap by adopting a resource-based perspective to construct an overall open innovation （OOI） business model. In this model, external resources are classified as industrial and non-industrial entities, to enable the identification of the interaction methods between manufacturing enterprises and external resources. The management of external resources involved in a Technology Open Innovation （TOI） cycle is given particular attention that includes： 1） the classification of the external resources of a TOI, 2） the general mechanisms extracted to promote qualified resources in and unqualified resources out, and 3） a business model to conceptualize the collaboration between enterprises and external resources. A case study of TOI is also provided to empirically verify its feasibility. This paper contributes to the literature by providing an original operational model and mechanism design for an open innovation strategy that is capable of managing external resources effectively.
