Economics and Finance Readings (eBook)

Preface 5
East Asia Research (EAR) 6
APEF Advisory Board 6
Contents 8
About the Editors 10
Chapter 1: The China-US Trade Imbalance: Evaluating Remedial Macroeconomic Measures 12
1 Introduction 12
2 Bilateral Trade, Exchange Rate, and Balance of Payment Trends 14
2.1 Exchange Rate Management 15
3 The China-US Trade Imbalance: An International Macroeconomic Framework 18
4 Policy Options for Reducing the Trade Imbalance 20
4.1 Real Exchange Rate Adjustment 20
4.2 Subsidies, Tariffs, and Countertariffs 22
4.3 Increased Consumption 23
4.4 Increased Foreign Direct Investment 24
5 Conclusion 25
References 26
Chapter 2: Does Carbon Emission Reduction Affect Corporate Performances: Evidence from China 28
1 Introduction 28
2 Literature Review 29
3 Empirical Models, Variables, and Sample 30
3.1 Empirical Models 30
3.2 Variables 32
3.3 Sample Selection 32
4 Empirical Results 33
5 Conclusion 33
Appendix 36
References 37
Chapter 3: Return and Asymmetric Volatility Transmissions Between Main Stock Market and Second-Tier Stock Market: The Case of ... 39
1 Introduction 39
2 Literature Review 41
3 Empirical Models 43
3.1 Iterated Cumulative Sum of Squares (ICSS) Algorithm 43
3.2 Linear State-Space AR Model with Kalman Filter Estimation 44
3.3 Augmented Bivariate VAR Asymmetric BEKK-GARCH Model 44
4 Data 47
5 Preliminary Analysis 48
5.1 Asymmetric Return Volatility 48
5.2 Cross-Correlation of Returns and Residuals 49
5.3 Detected Volatility Breaks 50
6 Dynamic Transmissions of Return and Asymmetric Volatility 50
7 Implications of the Findings 54
8 Conclusions and Future Research 56
Appendix: Unit Root Tests 57
References 57
Chapter 4: The Road to Service Export Diversification: Gambling and Convention in Macao 60
1 Introduction 60
2 A Model of Tourism Service Diversification 63
3 Empirical Evidence 69
3.1 Empirical Evidence of Proposition 1 70
3.2 Empirical Evidence of Proposition 2 70
4 Concluding Remarks 77
References 79
Chapter 5: The Impact of Incentives on Organizational Commitment in Public Organizations in Egypt 81
1 Introduction 82
2 Research Problem and Objective 82
3 Literature Review for the Concept of Incentives and Organizational Commitment 83
4 The Special Nature of Incentives in Public Organizations 84
5 Conditions for Successful Incentives in Public Organizations 85
6 The Importance of Organizational Commitment 85
7 Research Methodology and Design 86
7.1 Population, Sample, and Selection of the Sample 86
7.2 Data Collection 87
7.3 Methods of Statistical Analysis 87
7.4 Testing the Research Hypotheses 89
8 Conclusions 92
References 93
Chapter 6: Impact of Various Employment Schemes on Employment Generation in Northern India: An Empirical Study in Punjab and H... 94
1 Introduction 94
2 Literature Review 96
3 Methodology 98
4 Analysis 98
4.1 Descriptive Analysis 98
5 Inferential Analysis 100
6 Conclusion 102
Appendices 104
Appendix I 104
Appendix II 106
References 107
Chapter 7: Monetary Policy in India: Evidence of Financial Variables as Policy Indicators 108
1 Introduction 108
2 Literature Review 110
3 Data and Variables 111
4 Empirical Results 112
5 Conclusions 114
References 115
Chapter 8: Business Ecosystem and Internet of Things (IoT): Learnings from an Experimental Ecosystem Approach in Norway 116
1 Introduction 117
2 Business Models, Open Innovation, Ecosystem, and Triple Helix 117
3 Internet of Things and Artificial Intelligence 121
4 IoT Experimental Ecosystem in Norway 122
5 Discussion 125
6 Conclusion 128
References 129