Economics and Finance Readings (Selected Papers from Asia-Pacific Conference on Economics & Finance, 2019) ||

This book is a compilation of the best papers presented at the APEF 2019 conference which was held on 25th and 26th July 2019 at the Grand Copthorne Waterfront in Singapore. With a great number of submissions, it presents the latest research findings in economics and finance and discusses relevant issues in today's world. The book is a useful resource for readers who want access to economics, finance and business research focusing on the Asia-Pacific region. 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