IDEAS home Printed from https://ideas.repec.org/a/eee/infome/v15y2021i4s1751157721000572.html
   My bibliography  Save this article

Influence difference main path analysis: Evidence from DNA and blockchain domain citation networks

Author

Listed:
  • Yu, Dejian
  • Sheng, Libo

Abstract

Main path analysis is a useful tool to form the backbone of a citation network by linking important connections, which has been widely used to track the knowledge diffusion paths in a specific domain. Contrary to the traditional assumption that all citations in the citation network are treated equally, this paper proposes the influence difference main path analysis model by distinguishing citations based on the prestige of citing papers. Three algorithms named search path count with PageRank (SPC-PR), search path link count with PageRank (SPLC-PR) and search path node pair with PageRank (SPNP-PR) are devised to weight the citation network in this paper. Finally, two cases, the DNA citation network and a large-scale citation network related to the blockchain domain, are investigated to examine the effectiveness of the proposed algorithms. The results show that the proposed model can not only uncover the evolutionary process appropriately, but also can effectively distinguish the citations in the network by taking the influence difference into account. This study enriches the methodology research of main path analysis and provides the scholars with practical reference for the further development of main path analysis.

Suggested Citation

  • Yu, Dejian & Sheng, Libo, 2021. "Influence difference main path analysis: Evidence from DNA and blockchain domain citation networks," Journal of Informetrics, Elsevier, vol. 15(4).
  • Handle: RePEc:eee:infome:v:15:y:2021:i:4:s1751157721000572
    DOI: 10.1016/j.joi.2021.101186
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1751157721000572
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.joi.2021.101186?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Wu, Shan & Tong, Mu & Yang, Zhongyi & Derbali, Abdelkader, 2019. "Does gold or Bitcoin hedge economic policy uncertainty?," Finance Research Letters, Elsevier, vol. 31(C), pages 171-178.
    2. Gkillas, Konstantinos & Katsiampa, Paraskevi, 2018. "An application of extreme value theory to cryptocurrencies," Economics Letters, Elsevier, vol. 164(C), pages 109-111.
    3. Fang, Libing & Bouri, Elie & Gupta, Rangan & Roubaud, David, 2019. "Does global economic uncertainty matter for the volatility and hedging effectiveness of Bitcoin?," International Review of Financial Analysis, Elsevier, vol. 61(C), pages 29-36.
    4. Urquhart, Andrew, 2017. "Price clustering in Bitcoin," Economics Letters, Elsevier, vol. 159(C), pages 145-148.
    5. Tiwari, Aviral Kumar & Jana, R.K. & Das, Debojyoti & Roubaud, David, 2018. "Informational efficiency of Bitcoin—An extension," Economics Letters, Elsevier, vol. 163(C), pages 106-109.
    6. Lai, Kuei-Kuei & Bhatt, Priyanka C. & Kumar, Vimal & Chen, Hsueh-Chen & Chang, Yu-Hsin & Su, Fang-Pei, 2021. "Identifying the impact of patent family on the patent trajectory: A case of thin film solar cells technological trajectories," Journal of Informetrics, Elsevier, vol. 15(2).
    7. Dejian Yu & Wanru Wang & Shuai Zhang & Wenyu Zhang & Rongyu Liu, 2017. "A multiple-link, mutually reinforced journal-ranking model to measure the prestige of journals," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(1), pages 521-542, April.
    8. Daim, Tugrul & Lai, Kuei Kuei & Yalcin, Haydar & Alsoubie, Fayez & Kumar, Vimal, 2020. "Forecasting technological positioning through technology knowledge redundancy: Patent citation analysis of IoT, cybersecurity, and Blockchain," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    9. Fry, John, 2018. "Booms, busts and heavy-tails: The story of Bitcoin and cryptocurrency markets?," Economics Letters, Elsevier, vol. 171(C), pages 225-229.
    10. Su, Chi-Wei & Qin, Meng & Tao, Ran & Umar, Muhammad, 2020. "Financial implications of fourth industrial revolution: Can bitcoin improve prospects of energy investment?," Technological Forecasting and Social Change, Elsevier, vol. 158(C).
    11. Koutmos, Dimitrios, 2018. "Return and volatility spillovers among cryptocurrencies," Economics Letters, Elsevier, vol. 173(C), pages 122-127.
    12. John S. Liu & Louis Y.Y. Lu, 2012. "An integrated approach for main path analysis: Development of the Hirsch index as an example," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 63(3), pages 528-542, March.
    13. Ying Huang & Donghua Zhu & Yue Qian & Yi Zhang & Alan L. Porter & Yuqin Liu & Ying Guo, 2017. "A hybrid method to trace technology evolution pathways: a case study of 3D printing," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(1), pages 185-204, April.
    14. Khuntia, Sashikanta & Pattanayak, J.K., 2018. "Adaptive market hypothesis and evolving predictability of bitcoin," Economics Letters, Elsevier, vol. 167(C), pages 26-28.
    15. Su, Chi-Wei & Qin, Meng & Tao, Ran & Shao, Xue-Feng & Albu, Lucian Liviu & Umar, Muhammad, 2020. "Can Bitcoin hedge the risks of geopolitical events?," Technological Forecasting and Social Change, Elsevier, vol. 159(C).
    16. Kajtazi, Anton & Moro, Andrea, 2019. "The role of bitcoin in well diversified portfolios: A comparative global study," International Review of Financial Analysis, Elsevier, vol. 61(C), pages 143-157.
    17. Fuli Zhang, 2017. "Evaluating journal impact based on weighted citations," Scientometrics, Springer;Akadémiai Kiadó, vol. 113(2), pages 1155-1169, November.
    18. Nykl, Michal & Ježek, Karel & Fiala, Dalibor & Dostal, Martin, 2014. "PageRank variants in the evaluation of citation networks," Journal of Informetrics, Elsevier, vol. 8(3), pages 683-692.
    19. Urquhart, Andrew, 2016. "The inefficiency of Bitcoin," Economics Letters, Elsevier, vol. 148(C), pages 80-82.
    20. Persson, Olle, 2010. "Identifying research themes with weighted direct citation links," Journal of Informetrics, Elsevier, vol. 4(3), pages 415-422.
    21. Bariviera, Aurelio F., 2017. "The inefficiency of Bitcoin revisited: A dynamic approach," Economics Letters, Elsevier, vol. 161(C), pages 1-4.
    22. María de la O González & Francisco Jareño & Frank S. Skinner, 2020. "Nonlinear Autoregressive Distributed Lag Approach: An Application on the Connectedness between Bitcoin Returns and the Other Ten Most Relevant Cryptocurrency Returns," Mathematics, MDPI, vol. 8(5), pages 1-22, May.
    23. Liu, John S. & Lu, Louis Y.Y. & Lu, Wen-Min & Lin, Bruce J.Y., 2013. "Data envelopment analysis 1978–2010: A citation-based literature survey," Omega, Elsevier, vol. 41(1), pages 3-15.
    24. Chen, P. & Xie, H. & Maslov, S. & Redner, S., 2007. "Finding scientific gems with Google’s PageRank algorithm," Journal of Informetrics, Elsevier, vol. 1(1), pages 8-15.
    25. John S. Liu & Louis Y.Y. Lu, 2012. "An integrated approach for main path analysis: Development of the Hirsch index as an example," Journal of the American Society for Information Science and Technology, Association for Information Science & Technology, vol. 63(3), pages 528-542, March.
    26. Bouri, Elie & Molnár, Peter & Azzi, Georges & Roubaud, David & Hagfors, Lars Ivar, 2017. "On the hedge and safe haven properties of Bitcoin: Is it really more than a diversifier?," Finance Research Letters, Elsevier, vol. 20(C), pages 192-198.
    27. Yanan Wang & An Zeng & Ying Fan & Zengru Di, 2019. "Ranking scientific publications considering the aging characteristics of citations," Scientometrics, Springer;Akadémiai Kiadó, vol. 120(1), pages 155-166, July.
    28. Dejian Yu & Libo Sheng, 2020. "Knowledge diffusion paths of blockchain domain: the main path analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 125(1), pages 471-497, October.
    29. Giuffrida, Cristiano & Abramo, Giovanni & D’Angelo, Ciriaco Andrea, 2019. "Are all citations worth the same? Valuing citations by the value of the citing items," Journal of Informetrics, Elsevier, vol. 13(2), pages 500-514.
    30. Bart Verspagen, 2007. "Mapping Technological Trajectories As Patent Citation Networks: A Study On The History Of Fuel Cell Research," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 10(01), pages 93-115.
    31. Fiala, Dalibor & Tutoky, Gabriel, 2017. "PageRank-based prediction of award-winning researchers and the impact of citations," Journal of Informetrics, Elsevier, vol. 11(4), pages 1044-1068.
    32. Charfeddine, Lanouar & Benlagha, Noureddine & Maouchi, Youcef, 2020. "Investigating the dynamic relationship between cryptocurrencies and conventional assets: Implications for financial investors," Economic Modelling, Elsevier, vol. 85(C), pages 198-217.
    33. Nadarajah, Saralees & Chu, Jeffrey, 2017. "On the inefficiency of Bitcoin," Economics Letters, Elsevier, vol. 150(C), pages 6-9.
    34. John S. Liu & Hsiao-Hui Chen & Mei Hsiu-Ching Ho & Yu-Chen Li, 2014. "Citations with different levels of relevancy: Tracing the main paths of legal opinions," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 65(12), pages 2479-2488, December.
    35. John S. Liu & Louis Y. Y. Lu & Mei Hsiu-Ching Ho, 2019. "A few notes on main path analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 119(1), pages 379-391, April.
    36. Yu, Dejian & Pan, Tianxing, 2021. "Tracing the main path of interdisciplinary research considering citation preference: A case from blockchain domain," Journal of Informetrics, Elsevier, vol. 15(2).
    37. Zhang, Yu & Wang, Min & Gottwalt, Florian & Saberi, Morteza & Chang, Elizabeth, 2019. "Ranking scientific articles based on bibliometric networks with a weighting scheme," Journal of Informetrics, Elsevier, vol. 13(2), pages 616-634.
    38. Fen Zhao & Yi Zhang & Jianguo Lu & Ofer Shai, 2019. "Measuring academic influence using heterogeneous author-citation networks," Scientometrics, Springer;Akadémiai Kiadó, vol. 118(3), pages 1119-1140, March.
    39. Tanzila Ahmed & Ben Johnson & Charles Oppenheim & Catherine Peck, 2004. "Highly cited old papers and the reasons why they continue to be cited. Part II., The 1953 Watson and Crick article on the structure of DNA," Scientometrics, Springer;Akadémiai Kiadó, vol. 61(2), pages 147-156, October.
    40. Corbet, Shaen & Lucey, Brian & Urquhart, Andrew & Yarovaya, Larisa, 2019. "Cryptocurrencies as a financial asset: A systematic analysis," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 182-199.
    41. Rico Lee-Ting Cho & John S. Liu & Mei Hsiu-Ching Ho, 2021. "The development of autonomous driving technology: perspectives from patent citation analysis," Transport Reviews, Taylor & Francis Journals, vol. 41(5), pages 685-711, September.
    42. Katsiampa, Paraskevi & Corbet, Shaen & Lucey, Brian, 2019. "High frequency volatility co-movements in cryptocurrency markets," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 62(C), pages 35-52.
    43. Katsiampa, Paraskevi, 2017. "Volatility estimation for Bitcoin: A comparison of GARCH models," Economics Letters, Elsevier, vol. 158(C), pages 3-6.
    44. Dyhrberg, Anne Haubo, 2016. "Bitcoin, gold and the dollar – A GARCH volatility analysis," Finance Research Letters, Elsevier, vol. 16(C), pages 85-92.
    45. Shuo Xu & Liyuan Hao & Xin An & Hongshen Pang & Ting Li, 2020. "Review on emerging research topics with key-route main path analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 122(1), pages 607-624, January.
    46. Rainer Böhme & Nicolas Christin & Benjamin Edelman & Tyler Moore, 2015. "Bitcoin: Economics, Technology, and Governance," Journal of Economic Perspectives, American Economic Association, vol. 29(2), pages 213-238, Spring.
    47. Zeng, Ting & Yang, Mengying & Shen, Yifan, 2020. "Fancy Bitcoin and conventional financial assets: Measuring market integration based on connectedness networks," Economic Modelling, Elsevier, vol. 90(C), pages 209-220.
    48. Chen, Kaihua & Zhang, Yi & Fu, Xiaolan, 2019. "International research collaboration: An emerging domain of innovation studies?," Research Policy, Elsevier, vol. 48(1), pages 149-168.
    49. Mehrdokht Pournader & Yangyan Shi & Stefan Seuring & S.C. Lenny Koh, 2020. "Blockchain applications in supply chains, transport and logistics: a systematic review of the literature," International Journal of Production Research, Taylor & Francis Journals, vol. 58(7), pages 2063-2081, April.
    50. Xiao, Yu & Lu, Louis Y.Y. & Liu, John S. & Zhou, Zhili, 2014. "Knowledge diffusion path analysis of data quality literature: A main path analysis," Journal of Informetrics, Elsevier, vol. 8(3), pages 594-605.
    51. Platanakis, Emmanouil & Sutcliffe, Charles & Urquhart, Andrew, 2018. "Optimal vs naïve diversification in cryptocurrencies," Economics Letters, Elsevier, vol. 171(C), pages 93-96.
    52. Ji, Qiang & Bouri, Elie & Roubaud, David & Kristoufek, Ladislav, 2019. "Information interdependence among energy, cryptocurrency and major commodity markets," Energy Economics, Elsevier, vol. 81(C), pages 1042-1055.
    53. Ji, Qiang & Bouri, Elie & Lau, Chi Keung Marco & Roubaud, David, 2019. "Dynamic connectedness and integration in cryptocurrency markets," International Review of Financial Analysis, Elsevier, vol. 63(C), pages 257-272.
    54. Wang, Gang-Jin & Xie, Chi & Wen, Danyan & Zhao, Longfeng, 2019. "When Bitcoin meets economic policy uncertainty (EPU): Measuring risk spillover effect from EPU to Bitcoin," Finance Research Letters, Elsevier, vol. 31(C).
    55. Kalyvas, Antonios & Papakyriakou, Panayiotis & Sakkas, Athanasios & Urquhart, Andrew, 2020. "What drives Bitcoin’s price crash risk?," Economics Letters, Elsevier, vol. 191(C).
    56. Hiran H. Lathabai & Susan George & Thara Prabhakaran & Manoj Changat, 2018. "An integrated approach to path analysis for weighted citation networks," Scientometrics, Springer;Akadémiai Kiadó, vol. 117(3), pages 1871-1904, December.
    57. Urom, Christian & Abid, Ilyes & Guesmi, Khaled & Chevallier, Julien, 2020. "Quantile spillovers and dependence between Bitcoin, equities and strategic commodities," Economic Modelling, Elsevier, vol. 93(C), pages 230-258.
    58. John S. Liu & Chung-Huei Kuan, 2016. "A new approach for main path analysis: Decay in knowledge diffusion," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 67(2), pages 465-476, February.
    59. Xiaorui Jiang & Xiaoping Sun & Zhe Yang & Hai Zhuge & Jianmin Yao, 2016. "Exploiting heterogeneous scientific literature networks to combat ranking bias: Evidence from the computational linguistics area," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 67(7), pages 1679-1702, July.
    60. Abramo, Giovanni, 2018. "Revisiting the scientometric conceptualization of impact and its measurement," Journal of Informetrics, Elsevier, vol. 12(3), pages 590-597.
    61. Phillip, Andrew & Chan, Jennifer S.K. & Peiris, Shelton, 2018. "A new look at Cryptocurrencies," Economics Letters, Elsevier, vol. 163(C), pages 6-9.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Myeongji Oh & Hyejin Jang & Sunhye Kim & Byungun Yoon, 2023. "Main path analysis for technological development using SAO structure and DEMATEL based on keyword causality," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(4), pages 2079-2104, April.
    2. Xiaorui Jiang & Junjun Liu, 2023. "Extracting the evolutionary backbone of scientific domains: The semantic main path network analysis approach based on citation context analysis," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 74(5), pages 546-569, May.
    3. Chen, Wei & Yan, Yan, 2023. "New components and combinations: The perspective of the internal collaboration networks of scientific teams," Journal of Informetrics, Elsevier, vol. 17(2).
    4. Abderahman Rejeb & Alireza Abdollahi & Karim Rejeb & Mohamed M. Mostafa, 2023. "Tracing knowledge evolution flows in scholarly restaurant research: a main path analysis," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(3), pages 2183-2209, June.
    5. Yu, Dejian & Yan, Zhaoping, 2023. "Main path analysis considering citation structure and content: Case studies in different domains," Journal of Informetrics, Elsevier, vol. 17(1).
    6. Fang Han & Sejun Yoon & Nagarajan Raghavan & Hyunseok Park, 2022. "Investigating Company’s Technical Development Directions Based on Internal Knowledge Inheritance and Inventor Capabilities: The Case of Samsung Electronics," Sustainability, MDPI, vol. 14(5), pages 1-19, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yu, Dejian & Pan, Tianxing, 2021. "Tracing the main path of interdisciplinary research considering citation preference: A case from blockchain domain," Journal of Informetrics, Elsevier, vol. 15(2).
    2. Aurelio F. Bariviera & Ignasi Merediz‐Solà, 2021. "Where Do We Stand In Cryptocurrencies Economic Research? A Survey Based On Hybrid Analysis," Journal of Economic Surveys, Wiley Blackwell, vol. 35(2), pages 377-407, April.
    3. Dejian Yu & Libo Sheng, 2020. "Knowledge diffusion paths of blockchain domain: the main path analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 125(1), pages 471-497, October.
    4. Flori, Andrea, 2019. "News and subjective beliefs: A Bayesian approach to Bitcoin investments," Research in International Business and Finance, Elsevier, vol. 50(C), pages 336-356.
    5. Corbet, Shaen & Lucey, Brian & Urquhart, Andrew & Yarovaya, Larisa, 2019. "Cryptocurrencies as a financial asset: A systematic analysis," International Review of Financial Analysis, Elsevier, vol. 62(C), pages 182-199.
    6. Andrea Flori, 2019. "Cryptocurrencies In Finance: Review And Applications," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., vol. 22(05), pages 1-22, August.
    7. Parthajit Kayal & Purnima Rohilla, 2021. "Bitcoin in the economics and finance literature: a survey," SN Business & Economics, Springer, vol. 1(7), pages 1-21, July.
    8. Dimitrios Koutmos & Timothy King & Constantin Zopounidis, 2021. "Hedging uncertainty with cryptocurrencies: Is bitcoin your best bet?," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 44(4), pages 815-837, December.
    9. Bedi, Prateek & Nashier, Tripti, 2020. "On the investment credentials of Bitcoin: A cross-currency perspective," Research in International Business and Finance, Elsevier, vol. 51(C).
    10. Dunbar, Kwamie & Owusu-Amoako, Johnson, 2022. "Cryptocurrency returns under empirical asset pricing," International Review of Financial Analysis, Elsevier, vol. 82(C).
    11. Kajtazi, Anton & Moro, Andrea, 2019. "The role of bitcoin in well diversified portfolios: A comparative global study," International Review of Financial Analysis, Elsevier, vol. 61(C), pages 143-157.
    12. Sercan Demiralay & Selçuk Bayracı, 2021. "Should stock investors include cryptocurrencies in their portfolios after all? Evidence from a conditional diversification benefits measure," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 6188-6204, October.
    13. Khaki, Audil & Prasad, Mason & Al-Mohamad, Somar & Bakry, Walid & Vo, Xuan Vinh, 2023. "Re-evaluating portfolio diversification and design using cryptocurrencies: Are decentralized cryptocurrencies enough?," Research in International Business and Finance, Elsevier, vol. 64(C).
    14. Manahov, Viktor & Urquhart, Andrew, 2021. "The efficiency of Bitcoin: A strongly typed genetic programming approach to smart electronic Bitcoin markets," International Review of Financial Analysis, Elsevier, vol. 73(C).
    15. Lennart Ante, 2020. "A place next to Satoshi: foundations of blockchain and cryptocurrency research in business and economics," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(2), pages 1305-1333, August.
    16. Helder Miguel Correia Virtuoso Sebastião & Paulo José Osório Rupino Da Cunha & Pedro Manuel Cortesão Godinho, 2021. "Cryptocurrencies and blockchain. Overview and future perspectives," International Journal of Economics and Business Research, Inderscience Enterprises Ltd, vol. 21(3), pages 305-342.
    17. De Pace, Pierangelo & Rao, Jayant, 2023. "Comovement and instability in cryptocurrency markets," International Review of Economics & Finance, Elsevier, vol. 83(C), pages 173-200.
    18. Wu, Wanshan & Tiwari, Aviral Kumar & Gozgor, Giray & Leping, Huang, 2021. "Does economic policy uncertainty affect cryptocurrency markets? Evidence from Twitter-based uncertainty measures," Research in International Business and Finance, Elsevier, vol. 58(C).
    19. Yuzhi Cai & Thanaset Chevapatrakul & Danilo V. Mascia, 2021. "How is price explosivity triggered in the cryptocurrency markets?," Annals of Operations Research, Springer, vol. 307(1), pages 37-51, December.
    20. Katsiampa, Paraskevi, 2019. "An empirical investigation of volatility dynamics in the cryptocurrency market," Research in International Business and Finance, Elsevier, vol. 50(C), pages 322-335.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:infome:v:15:y:2021:i:4:s1751157721000572. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/joi .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.