Economics of specific sectors Books

Book SynopsisIf you want to know why American Indians have the highest rates of poverty of any racial group, why suicide is the leading cause of death among Indian men, why native women are two and a half times more likely to be raped than the national average and why gang violence affects American Indian youth more than any other group, do not look to history. There is no doubt that white settlers devastated Indian communities in the 19th, and early 20th centuries. But it is our policies today—denying Indians ownership of their land, refusing them access to the free market and failing to provide the police and legal protections due to them as American citizens—that have turned reservations into small third-world countries in the middle of the richest and freest nation on earth. The tragedy of our Indian policies demands reexamination immediately—not only because they make the lives of millions of American citizens harder and more dangerous—but also because they represent a microcosm of everything that has gone wrong with modern liberalism. They are the result of decades of politicians and bureaucrats showering a victimized people with money and cultural sensitivity instead of what they truly need—the education, the legal protections and the autonomy to improve their own situation. If we are really ready to have a conversation about American Indians, it is time to stop bickering about the names of football teams and institute real reforms that will bring to an end this ongoing national shame.Trade Review“The New Trail of Tears is a much-needed revelation of heart-breaking conditions on American Indian reservations—and of the attitudes, incentives, and politics that make the people living on those reservations even worse off than other low-income minorities, including American Indians living elsewhere in American society. The laws and policies behind these human tragedies have wider implications for welfare state assumptions and politically correct decisions, including the grossly misnamed ‘Indian Child Welfare Act.’ This book is an insightful and much-needed introduction to a subject that deserves much more public attention than it gets, both for its own sake and for what it reveals about the political and ideological climate of our time.” —Thomas Sowell “I've grubbed in the data regarding American Indian poverty for years, but none of my numbers will have the effect of Naomi Riley's investigation and prose. Through clear thinking and personal accounts, she articulates why this ignored minority remains in poverty and how they can escape it. The New Trail of Tears is a must read if you care about the plight of poor people, in general, and American Indians, in particular.” —Terry L. Anderson, author of Unlocking the Wealth of Indian Nations and senior fellow of The Hoover Institution at Stanford University “Clear evidence of the tragedy that results when individual property rights are equated with group rights.” —Amity Shlaes, presidential scholar at the Kings College and author of Coolidge and The Forgotten Man “The New Trail of Tears is a powerful antidote to the romantic nonsense about the history of American Indian groups that pervades our school curriculum today, and a stinging indictments of the paternalistic public policies that continue to keep most Indians mired in poverty even now. Written in lively and lucid prose, it is my candidate for the book-of-the-year on racial issues in the United States.” —Stephan Thernstrom, Winthrop Professor of History Emeritus at Harvard University

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Book SynopsisThe dramatic inside story of the most important case in the history of sovereign debt law Unlike individuals or corporations that become insolvent, nations do not have access to bankruptcy protection from their creditors. When a country defaults on its debt, the international financial system is ill equipped to manage the crisis. Decisions by key individuals—from national leaders to those at the International Monetary Fund, from holdout creditors to judges—determine the fate of an entire national economy. A prime example is Argentina’s 2001 default on $100 billion in bonds, which stands out for its messy outcomes and outsized impact on sovereign debt markets, sovereign debt law, and IMF policy. Default is the riveting story of Argentina’s sovereign debt drama, which reveals the obscure inner workings of sovereign debt restructuring. This detailed case study describes the intense fight over the role of the IMF in Argentina’s 2005 debt restructuring and the ensuing bitter decade of litigation with holdout creditors, demonstrating that outcomes for sovereign debt are determined by a complex interplay between financial markets, governments, the IMF, the press, and the courts. This cautionary tale lays bare the institutional, political, and legal pressures that come into play when a country cannot repay its debts. It offers a deeper understanding of how global financial capitalism functions for those who work in or study debt markets, international finance, international relations, and international law.Table of ContentsForeword Introduction1 Argentina Defaults Then Fights with the IMF (December 2001–March 2003)2 The Three-Way War: Argentina Battles with Creditors and the IMF over the Debt Deal (January 2003–April 2004)3 Kirchner's Triumph: Argentina's 2005 Debt Restructuring (April 2004–June 2005)4 Backstory: Elliot's War on Peru (1996–2000)5 Raid on the Argentine Central Bank (December 2005–January 2007)6 All Plaintiffs Big and Small (June 2005–December 2009)7 Turning Point (2010)8 Equal Treatment (October 2010–May 2014)9 Argentina's Economic Stumbles and Elliott's Worldwide War (October 2010–June 2014)10 It All Falls Apart (June 2014–November 2015)11 The Settlement (December 2015–April 2016)EpilogueConclusion AcknowledgmentsAppendix A: Featured CharactersAppendix B: Timeline of EventsGlossaryNote on SourcesNotesAbout the Author

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Book SynopsisThis book analyzes how financial liberalization affected the development of the financial crisis in Europe, with particular attention given to the ways in which power asymmetries within Western Europe facilitated financial liberalization and distributed the costs and gains from it. The author combines institutional narrative analysis with empirical surveys and econometrics, as well as country-level studies of financial liberalization and its consequences before and after the 2008 Global Financial Crisis.Author Nina Eichacker charts institutional liberalization and privatization of European finance from the 1960s onward and presents a survey of descriptive statistics that show how different financial stability, financial flow and macroeconomic variables have changed in Western Europe since the early 1980s, generally increasing financial and economic instability. It also demonstrates the change in securitization, and European banks' tendencies to hold securitized assets on their balance sheets. It creates a framework for understanding the power dynamics between national, industrial, and class interests in Western Europe that promoted secular financial liberalization as well as the institutional design of the EMU that mandated financial liberalization. Finally, it examines the process of financial liberalization in detail in three states, Iceland, Ireland, and Germany. Students and researchers interested in financial liberalization and financial crises as well as policymakers will find the analyses in this book invaluable.Table of ContentsContents: 1. Introduction 2. European Financial Liberalization Since WWII 3. Empirical Trends in European Finance 4. Financial Liberalization and the Onset of Financial Crisis in Western Europe Between 1983 and 2011 5. A Political Economy of European Financial Integration 6. German Financialization, the Global Financial Crisis, and the Eurozone Crisis 7. Icelandic and Irish Financial Liberalization, Crisis, and Aftermath 8. Conclusion Bibliography Index

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Book SynopsisA top-to-bottom look at England's national game, from one of the UK's leading business economists.The Premier League is the most commercially successful football league in history, the self-proclaimed 'best league in the world'. But success has come at a cost, unbalancing the English game to a profound and damaging degree.Football's stumbling response to COVID-19 and the European Super League disaster are just the most recent examples. It is estimated that more than two thirds of the country's 92 professional clubs are loss-making; payments to agents each year regularly total more than the combined income of all 44 clubs in Leagues 1 and 2; supporters have been squeezed to the limit; racist incidents are on the rise; grassroots facilities are in a dreadful state; and failed World Cup bids have severely weakened England's standing in the global game. The national team's performance at Euro 2020 can't paper over the cracks.There is an alternative. In this revealing and eye-opening analysis, leading economist Mark Gregory reveals the breadth and depth of the problems facing our national men's game, and shows us a way to bring football home for good.Trade ReviewMark Gregory... knows what he is talking about...you will understand a great deal more about English football and its coming cataclysm than you did before... [a] manifesto for change and returning the game to its roots' -- David Aaronovitch * The Times *

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Book SynopsisJapan?s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term '?Japanization'? is often used by economists to describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near zero, quantitative easing and population aging. In the global context, what can governments do to mitigate the downward trends experienced by Japan? This judicious volume investigates in depth the causes of Japan?s ?lost decades? versus the real recovery achieved by the United States, and the lessons that can be learned.This book helps to provide a basis for assessing a wide range of policy approaches from which policymakers and governments can choose to avoid economic decline. The expert contributions provide an overview of the pattern of '?Japanization'? in a global economic perspective, analyze similarities and differences between the Korean and Japanese economies, and examine policies taken by Japan during the lost decades. From this analysis, the book proposes future policy solutions for countries experiencing ?'Japanization'?.Economic stagnation and the relevant policy reactions have been of keen interest around the globe since the global financial crisis and this book will be an invaluable resource for scholars, policymakers, and economic commentators alike.Contributors include: D. Cho, M. Fukao, K. Ito, T. Ito, D. Jeong, K.-C. Jung, S.T. Kim, Y.G. Kim, K. Kwon, A. Mason, J. Oh, I. Saito, J. Schiff, I. SongTrade Review‘. . . this book is a valuable summary of where the discussion on Japanese deflation is, and why research on this topic needs to be taken further. The prospect of ‘Japanization’ in the rest of the world, raised by Takatoshi Ito, is one that cannot be left to regional experts.’ -- Economic IssuesTable of ContentsContents: Preface 1. Introduction and overview Dongchul Cho, Takatoshi Ito and Andrew Mason PART I AGING, INDUSTRY MATURATION AND JAPANIZATION 2. Japanization: Is it spreading to the rest of the world? Takatoshi Ito 3. GDP growth from the perspective of demographic change: Will aging Korea become another Japan? Kyooho Kwon 4. Export dynamics of Japan, Korea and China Kyu-Chul Jung PART II RESOURCE ALLOCATIONS AND TFP 5. Product market efficiencies and TFP: A comparative study of Japanese and Korean firms Keiko Ito and YoungGak Kim 6. Misallocation in the manufacturing sector of Korea: A micro data analysis Jiyoon Oh PART III ROLES OF FINANCIAL MARKETS 7. Financial market efficiency: A comparative perspective Mitsuhiro Fukao 8. How to deal with the rise of zombie firms in Korea Daehee Jeong PART IV MONETARY POLICY AND HOUSE PRICES 9. Deflation and monetary policy Barry Eichengreen 10. Is Korea’s monetary policy following in the footsteps of Japan? Dongchul Cho 11. Aging and housing prices: The cases of Korea and Japan Inho Song PART V JAPANIZATION AND FISCAL POLICY 12. Avoiding another “lost decade”: What role for fiscal policy? Jerry Schiff and Ikuo Saito 13. Lessons for Korea from Japan’s fiscal policy SeongTae Kim Index

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Book SynopsisFinancialisation and the Financial and Economic Crises provides comparative, empirical case studies of a diverse set of eleven countries. In particular, the book helps in understanding the current (mal)performance of Euro area economies by explaining the causes of the shifts in growth regimes during and after the crises. It goes well beyond the dominant interpretation of the recent financial and economic crises as being rooted in malfunctioning and poorly regulated financial markets.The contributions to this book provide detailed accounts of the long-term effects of financialisation and cover the main developments leading up to and during the crisis in eleven selected countries: the US, the UK, Spain, Greece, Portugal, Germany, Sweden, Italy, France, Estonia, and Turkey. The introductory chapter presents the theoretical framework and synthesizes the main findings of the country studies. Furthermore, the macroeconomic effects of financialisation on the EU as a whole are analyzed in the final chapter. Offering an illuminating overview and invaluable alternative perspective on the long-run developments leading to the recent crises, this book is essential reading for researchers, students and policymakers and an ideal starting point for further research.Contributors: S. Bahçe, R. Barradas, C.A. Carrasco, H. Cömert, G. Cornilleau, J. Creel, D. Detzer, N. Dodig, N. Erdem, T. Evans, J. Ferreiro, G. Gabbi, C. Gálvez, C. Gomez, A. González, E. Hein, E. Juuse, E. Karaçimen, A.H. Köse, S. Lagoa, E. Leão, J. Lepper, Ö. Orhangazi, G. Özgür, R. Paes Mamede, M. Shabani, A. Stenfors, E. Ticci, J. Toporowski, L. Tserkezis, J. Tyson, Y. Varoufakis, P. Vozzella, G.L. YalmanTable of ContentsContents: Preface 1. Financialisation and the Financial and Economic Crises: Theoretical Framework and Empirical Analysis for 15 Countries Nina Dodig, Eckhard Hein and Daniel Detzer 2. The Crisis of Finance-led Capitalism in the United States Trevor Evans 3. Monetary Adjustment and Inflation of Financial Claims in the UK after 1980 John Lepper, Mimoza Shabani, Jan Toporowski and Judith Tyson 4. Financialisaton and the Economic Crisis in Spain Jesús Ferreiro, Cataliana Gálvez and Anna Gonzáles 5. Financialisation and the Crisis: The Case of Greece Yanis Varoufakis and Lefteris Tserkezis 6. The Real Sector Developments in Estonia – Financialisation Effects Behind the Transition Process Egert Juuse 7. Financialisation and the Crisis in the Export-led Mercantilist German Economy Daniel Detzer and Eckhard Hein 8. Swedish Financialisation: ‘Nordic Noir’ or ‘Safe Haven’? Alexis Stenfors 9. France, a Domestic Demand-led Economy Under the Influence of External Shocks Gérard Cornilleau and Jérôme Creel 10. The Transmission Channels Between the Financial and the Real Sectors in Italy and the Crisis Giampaolo Gabbi, Elisa Ticci and Pietro Vozzella 11. The Long Boom and the Early Bust: The Portuguese Economy in the Era of Financialisation Ricardo Paes Mamede, Sérgio Lagoa, Emanuel Leão and Ricardo Barradas 12. Financialisation and the Financial and Economic Crises: The Case of Turkey Serdal Bahçe, Hasan Cömert, Nilgün Erdem, Elif Karaçimen, Ahmet Haşim Köse, Özgür Orhangazi, Gökçer Özgür and Galip L.Yalman 13. The Impact of the Financial and Economic Crisis on European Union Member States Carlos A. Carrasco, Jesus Ferreiro, Catalina Galvez, Carmen Gomez and Ana González Index

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Book SynopsisThe growth of manufacturing industries can be a key factor in helping to mitigate global recession. Productivity Growth in the Manufacturing Sector highlights key issues and possible remedies facing the manufacturing sector in range of international contexts. Focusing on specific manufacturing sectors in emerging and developing economies, chapters examine themes including developing economies amidst changing world trade dynamics, and the role of smart, circular and competitive manufacturing practices in enhancing economic resilience, as well as presenting sector specific analysis, including the metal manufacturing industry, food & beverage industry, and the small-scale manufacturing sector. Showcasing different demonstrative methods that can be adopted to grow manufacturing sectors in different contexts, Productivity Growth in the Manufacturing Sector is an important tool for economists and policy makers to understand the complexity and realities of these economies, using recent data and methodology.Table of ContentsPART I. MANUFACTURING PRODUCTIVITY AT THE GLOBAL PERSPECTIVESChapter 1. Is Productivity Growth in Manufacturing Sector a Driving Force Towards Mitigating Global Recession? A Cross-Country Explanation from Panel Data: 1990-2018; Abhijeet Bag, Sarbapriya Ray, and Mihir Kumar Pal Chapter 2. Effects of Labour Productivity and Growth of Manufacturing Sector on Overall Growth of the Nation - A Panel Data Analysis of the Major Economies; Nilendu Chatterjee and Tonmoy Chatterjee Chapter 3. Domestic Tariff and Manufacturing Trade: A Comparative Study on USA and China; Madhabendra Sinha, Abhijit Dutta, and Partha Mukhopadhyay Chapter 4. Identifying the Relationship between Labor Productivity and Economic Development for Turkey; Hakan Kalkavan, Serhat Yüksel, and Hasan Dinçer Chapter 5. The Current Setting of Contribution of Manufacturing Sector relative to other Allied Sectors over GDP Growth: An Analysis in Regional and Income Class Classifications of Countries; Subhasis Bhattacharya Chapter 6. Smart, Circular and Competitive Manufacturing Industry as a Key for Enhancing Resilience of the Global Economy; Egemen Sertyesilisik and Begum Sertyesilisik Chapter 7. The US-China Trade Conflict and Dynamics of Multi Sector International Trade; Ashu Tiwari Chapter 8. ‘Up In The Downturn’: Was There Any Role of The US Subprime Crisis on The Slump In Growth of India’s Manufacturing Sector Between 2007-2010?; Sovik Mukherjee Chapter 9. Relationship between Efficiency and Intellectual Capital of Select Indian Manufacturing Firms: Is there any Implication of Global Financial Crisis?; Sumit Kumar Maji and Arindam Laha PART II. MANUFACTURING PRODUCTIVITY AT THE INDIAN PERSPECTIVES Chapter 10. Workforce Compensation and Productivity Growth in Indian Manufacturing Sector: Lessons for Human Resource Management; Sudhanshu Daharwal and Pulak Mishra Chapter 11. Sources of Total Factor Productivity Growth of the Organized Manufacturing Industries in Gujarat, India: A Stochastic Frontier Approach; Prasanta Kumar Roy, Mihir Kumar Pal, and Purnendu Sekhar Das Chapter 12. Productivity Growth in the Indian Manufacturing Sector: A way of Mitigating Recession; Sibsankar Satpathi and Md Rakibul Hasan Chapter 13. Growth and Productivity of Unorganised Manufacturing Enterprises: An Analysis across States/UTs in India; Pinaki Das and Akash Dandapat Chapter 14. Scope of Mitigating Recession in Manufacturing Output through Productivity Growth: Evidence using Nonparametric Data Envelopment Analysis and firm level data from Indian Textile Industry; Sanchita De and Arpita Ghose Chapter 15. Key Aspects Related to Manufacturing Industries: A Study In Eastern India; Anirban Sarkar, Prabal Chakraborty, and Suchitra Kumari Chapter 16. India’s readymade garments export in the scenario of trade openness: an analysis of trend and structural break; Shrabanti Maity and Anup Shinha Chapter 17. Analysis of Causality between Wage and Productivity in Food and Beverage Industry in India; Soma Pal, Chandrima Chakraborty, and Dipyaman Pal Chapter 18. Role and Prospects of Food Processing Industries in Indian Economy – An Analysis; Sankar Das and Bappaditya Biswas Chapter 19. A Threadbare Analysis on the State of Affairs of Indian Automobile Sector in the Aftermath of Present recessional trend and it's remedy; Antara Bhattacharyya, Dipti Ghosh, and Amit Majumder

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Book SynopsisIn the aftermath of the devastating economic depression suffered for almost a decade, Modeling Economic Growth in Contemporary Greece assesses the conditions shaping the Greek economy's restart, discussing the effect of institutions on the business environment and highlighting the factors which are critical for achieving sustainable economic growth. The intrinsic properties of the Greek economic and business environment imply that there are country-specific factors responsible for the performance of the Greek economy, which is differentiated from its European counterparts. Despite being a member of the European Union since 1981 and one of the twelve first countries who adopted the euro, Greece has not been able to converge in crucial macroeconomic indicators with the early euro area Member States. The European stimulus package to support post COVID-19 recovery appears as a unique opportunity for Greece to develop a long-term vision and materialize reforms that will unlock the economy's true potential. This latest book in the Entrepreneurship and Global Economic Growth series is centred around the determinants of and obstacles to Greece’s sustainable economic growth, presenting the macroeconomic and external environment and the dynamics of Greek economy and focuses onto internal conditions shaped by country-specific characteristics affecting labor and product markets’ efficiency and the performance of institutions and production factors.Table of ContentsForeword; Apostolos Serletis Chapter 1. Determinants of and Obstacles to Economic Growth in Contemporary Greece; Vasileios Vlachos, Aristidis Bitzenis, and Bruno S. Sergi Part 1 – Dynamics of the Greek economy Chapter 2. Competitive Position and Dynamics of the Greek Economy; Vasileios Vlachos and Aristidis Bitzenis Chapter 3. An Odyssey with a happy end? Growth challenges, successes and failures of Greece During COVID-19 Era; Konstantinos J. Hazakis Chapter 4. Forecasting Greek Real GDP Based on ARIMA Modeling; Chaido Dritsaki and Melina Dritsaki Chapter 5. Nominal or real convergence with the EMU criteria: The case of Greece; Aristidis Bitzenis and Pyrros Papadimitriou Part 2 – Policies, Institutions, and Markets Chapter 6. The Interactions between Governance Quality and Economic Development; Chara Vavoura, Dimitris Manolopoulos, and Ioannis Vavouras Chapter 7. Social Policy in Dribs and Drabs for the Greek Crisis; Dimitris Venieris Chapter 8. The Greek Labour Market during the Crisis: New Evidence on the Evolution of Wages, Employment and Unemployment; Evangelia Papapetrou and Pinelopi Tsalaporta Chapter 9. SME Productivity in Greece: The Role of Human Capital, ICT Adoption and Innovation; Ioannis Giotopoulos, Pelagia Kontaxaki, and Helen Louri Chapter 10. The impact of Competition Law on the Greek economy; Mark Clough QC and Efthymios Bourtzalas Part 3 – Characteristics and performance of selected industries Chapter 11. Greek Banking System during the Crisis and Beyond; Fotios Pasiouras and Minas-Polyvios Tsagkarakis Chapter 12. The Agri-Food Sector in Greece: Prospects and Possibilities; Stathis Klonaris Chapter 13. Energy Resources, Local Content Policies and Economic Growth: The case of Hydrocarbon Exploration in Greece; Stella Tsani Chapter 14. The importance of tourism for the Greek Economy: Traits and development; Iordanis Katemliadis and Andreas Papatheodorou Chapter 15. The Greek ICT Sector and its Contribution to Innovation and Economic Growth; Aggelos Tsakanikas, Petros Dimas, and Dimitrios Stamopoulos Chapter 16. Issues, Policies and Contribution of the Greek Transport Industry to Economic Growth; Tania Pantazi and Vasileios Vlachos

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Book SynopsisThis volume of the International Symposia in Economic Theory and Econometrics explores the latest economic and financial developments in Asia. Chapters cover a range of topics such as the impact machine learning models have on forecasting, the levels and effects of financial literacy of farmers in Thailand, as well as the need to prioritise increasing employee engagement for sustainability. These peer-reviewed papers touch on a variety of timely, interdisciplinary subjects such as corporate social responsibility and the effects of public policy. Environmental, Social, and Governance Perspectives on Economic Development in Asia also includes empirical studies in financial economics and public governance. For example, one chapter considers the influence of green supply chain integration and environmental uncertainty on performance in Indonesia, while another empirically studies Banking Development and Household Welfare in Thailand. Together, ISETE 29 volume A, is a crucial resource of current, cutting-edge research for any scholar of international finance and economics.Table of ContentsChapter 1. The Neo-Fisherianism to Escape Zero Lower Bound; Siddhartha Chattopadhyay Chapter 2. Do Machine Learning Models hold the key to better Money Demand Forecasting?; Taniya Ghosh and Sakshi Agarwal Chapter 3. The Role of Money in the Monetary Policy: A New Keynesian and New Monetarist Perspective; Masudul Hasan Adil, Neeraj R. Hatekar, and Taniya Ghosh Chapter 4. Return and Volatility Linkages between Bitcoin, Gold price and Oil price: Evidence from Diagonal BEKK-GARCH Model; Surachai Chancharat and Julaluk Butda Chapter 5. Sin Stock Proportion and Investment Manager Education Background in Indonesian Equity Funds; Taufik Faturohman, Karina Agri Widjaya, Yulianti, and Kurnia Fajar Afgani Chapter 6. Banking Development and Household Welfare in Thailand: Evidence from a Panel Survey; Kanokporn Intharak, Surachai Chancharat, and Jakkrich Jearviriyaboonya Chapter 7. Financial literacy: Does it improve well-being? A Case Study of Farmers in Khon Kaen, Thailand; Natchaya Thongrak, Surachai Chancharat, and Ploypailin Kijkasiwat Chapter 8. The Interlinkages and Diversification Opportunities among Emerging Bond Markets: BRIC and BRICS Comparison; Adefemi A. Obalade, Tsepang Moeti, Vijen Moodley, Yusuf Randeree, and Paul-Francois Muzindutsi Chapter 9. Inflation Volatility in Indonesia Using ARIMA Model: Before and During Covid-19; Setyo Tri Wahyudi, Rihana Sofie Nabella, and Kartika Sari Chapter 10. Education and Socialization Investment Galleries to Improve Capital Market Inclusion; Dito Rinaldo and Vina Anggilia Puspita Chapter 11. Relationship Between Income Smoothing and Earnings Announcement; Agustin Palupi

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Book SynopsisThis volume of the International Symposia in Economic Theory and Econometrics explores the latest economic and financial developments in Asia. Chapters cover a range of topics such as the consequences of green supply chain integration and environmental uncertainty on performance, along with the effects of perceived organisational support, transformational leadership, and teamwork on employee engagement. These peer-reviewed papers touch on a variety of timely, interdisciplinary subjects such as corporate social responsibility and the effects of public policy. Environmental, Social, and Governance Perspectives on Economic Development in Asia also includes empirical studies in financial economics and public governance. For example, one chapter analyses the impact of COVID-19 pandemic risk and lockdown on the Indian economy, while another empirically studies the influence of word of mouth variables on visits and re-visits for ecotourism in West Java. Together, ISETE 29 volume B, is a crucial resource of current, cutting-edge research for any scholar of international finance and economics.Table of ContentsChapter 1. The Economic Performance of China in Trade War: The Case Study of Three Global Economic Crisis in 1997 – 2020; Budi Sasongko, Suryaning Bawono, and Bambang Hadi Prabowo Chapter 2. Identifying Neighborhood Reinforcement Method to Enhancing Socio-Economic Development in Indonesia: A Quintuple Helix Perspective; Vidya Purnamasari, Ermita Yusida, Vika Annisa Qurrata, Santi Merlinda, Linda Seprillina, and Wen-Chi Huang Chapter 3. Materiality Analysis and CSR in Micro, Small, and Medium Enterprises; Erwin Saraswati Chapter 4. Green Supply Chain Integration and Environmental Uncertainty to Performance: The Mediating Role of Green Innovation; Siti Aisjah and Sri Palupi Prabandari Chapter 5. Entrepreneurial Perspective on Firm’s Environmental Activities; Duangporn Puttawong and Anusorn Kunanusorn Chapter 6. Facing International Environmental Challenges by Enhancing Employee Engagement; Reny Diana and B. Medina Nilasari Chapter 7. Innovation Orientation, Marketing Capability, Dynamic Capability, and Performance; Bahrun Borahima, Noermijati Noermijati, Djumilah Hadiwidjojo, and Ainur Rofiq Chapter 8. The Interactive Effect of Ethical Leadership and Employee Citizenship Behaviour on Organisational Success: Do Lenses of Corporate Governance Matter?; Amy Yeo Chu May, Carmen Teoh Chia Wen, and Jeffton Low Boon Tiong Chapter 9. Entrepreneurship in The Tourism Industry: Implication on Sustainable Economic Development; Murniati, Ghozali Maski, Iswan Noor, and Marlina Ekawaty Chapter 10. Investigation of Taxation Knowledge, Services, and Sanctions of The Head of Village Government Financial Affairs of Gunung Kidul Regency in Indonesia; Sang Ayu Putu Piastini Gunaasih Chapter 11. Impact of COVID-19 Pandemic Risk and Lockdown on the Indian Economy; Soumya Bhadury Chapter 12. The Impacts of Electronic Word of Mouth on the Intention of Patients to Join “In Vitro Fertilization” Program; Muhammad Rizal, Endang Ruswanti, and Moehammad Unggul Januarko Chapter 13. Model of Increasing Tourists Revisit Intention: Utilising the Environment as an Ecotourism Area; Dani Dagustani, Gatot Iwan Kurniawan, Heppy Agustiana Vidyastuti, and Rediawan Miharja

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Book SynopsisThis 30th volume of the International Symposia in Economic Theory and Econometrics explores the latest social and financial developments across Asian markets. Chapters cover a range of topics such as the impact of COVID-19 related events in Southeast Asia along the determinants of capital structure before and during the pandemic; the influence of new distribution concepts on macro and micro economic levels; as well as the effects of long-term cross-currency basis swaps on government bonds. These peer-reviewed papers touch on a variety of timely, interdisciplinary subjects such as real earnings impact and the effects of public policy. Together, Quantitative Analysis of Social and Financial Market Development is a crucial resource of current, cutting-edge research for any scholar of international finance and economics.Table of ContentsChapter 1. Effect of Related Party Transaction and Political Connection on Real Earnings Management: Study on Manufacturing Companies Listed in Indonesia Stock Exchange; Agustin Palupi and Lusia Tania Aurelia Chapter 2. Exchange Rate Volatility and Tourist Arrivals from ASEAN to Malaysia; Eliza Nor, Tajul Ariffin Masron, and Hu Xiang Chapter 3. The Impact of Long-Term Cross-Currency Basis Swap on Japanese Government Bonds: Analysis of Different Non-traditional Monetary Policy Regimes ; Takayasu Ito Chapter 4. The Impact of COVID-19-Related Events on Indonesian Composite and Sectoral Index; Muhammad Hasan Ghazali and Taufik Faturohman Chapter 5. Customer Satisfaction of E-Wallet User: An Adoption of Information System Success Model; Fariq Rahadiyan Chalik and Taufik Faturohman Chapter 6. Stable Financial Performance as the Antecedent of ESG Activity and Firm Value Relationship: An Evidence from Indonesia; Yavida Nurim, Nung Harjanto, Paulina I. Prabawati, and Nur R. Wijaya Chapter 7. An Initial Study of Knowledge Sharing Policies in Higher Education; Lina Anatan Chapter 8. An Empirical Analysis of Firm-specific Determinants of Capital Structure Before and During COVID-19 Pandemic: Evidence from Listed Hotels, Restaurants, and Tourism Entities on the Indonesia Stock Exchange; Taufik Faturohman and Rashifa Qanita Noviandy Chapter 9. Modern Concepts of Distribution of Knowledge and Their Influence on the Process of Diffusion of Innovations on Macro and Micro Levels of Economy; Mikhailov Fedor Borisovich, Miasnikov Dmitrii Alekseevich, and Fakhrutdinov Bulat Ildarovich Chapter 10. Are Unhappy People More Likely to Be Religious? Evidence from Chinese Rural Elderly; Liying Xia, Jianbo Zhang, and Xuelin Ma

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Book SynopsisThe 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics. Introduced in 1958 by Paul Samuelson, the model postulates an infinite number of finite-lived families. This is in stark contrast to the more dominant neoclassical growth model, which is based on the assumption that real economies are populated by a finite number of dynastic families. Despite the greater realism of the former model and the inherent implausibility of the assumptions underlying the growth model, the growth model has become dominant. The authors here explore the co-evolution of the two models to shed light on why this happened, spanning the entire post-WWII era.Trade ReviewThis book is a real tour de force in clarity and tremendous scope. It should be on the reading list for all advanced economics graduate students. -- Jess Benhabib, Paulette Goddard Professor of Political Economy in the Faculty of Arts and Science at New York UniversityThis book is a monumental work, an important contribution to economics -- Karl Shell, Robert Julius Thorne Professor of Economics Emeritus, Cornell University. Founding Editor, Journal of Economic TheoryTable of ContentsIntroduction. Introduction Chapter 1. Origins of the Workhorse Models Chapter 2. OLG – The Next Generations, 1960-1970 Chapter 3. Expectations and the Neutrality of Money c. 1972: From OLG to SOLG Chapter 4. Infinite Lived Agents: Dynasty, 1970-1980 Chapter 5. OLG and Money, 1970-1980 Chapter 6. OLG and Theory, 1970-1980 Chapter 7. Boomers Chapter 8. Gen X and Beyond: 1995-2015 Chapter 9. The Ascendance of ILA and the Future of Macro Chapter 10. Morphology of OLG Models and Methods in Comparative Perspective Chapter 11. Summary and Conclusion

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Book SynopsisThis volume of the International Symposia in Economic Theory and Econometrics explores the latest economic and financial developments in Asia. Chapters cover a range of topics such as the online market's impact on Indonesia's social welfare system, the influence of organizational culture on the triple bottom line performance of large manufacturing companies in the Philippines, and the impact of economic policy uncertainty on foreign direct investment inflows in India. These peer-reviewed papers touch on a variety of timely, interdisciplinary subjects such as sustainability and the effects of public policy. Recent Developments in Asian Economics also includes empirical studies in financial economics and public governance. For example, one chapter considers the consumption and satisfaction of Chinese rural residents, while another empirically studies the effects of sharia disclosure and sharia supervisory boards on Islamic banks' soundness. The papers in this volume have been compiled from four conferences in Asia and Australia, including the SIBR 2020 Sydney Conference on Interdisciplinary Business and Economic Research, which was held in Sydney, Australia; the 5th Indonesian Finance Association (IFA) Conference held in Manado, Indonesia in 2019; the 1st International Doctoral Colloquium on Business and Economics in Surakarta, Indonesia; and the 5th Sebelas Maret International Conference on Business, Economics and Social Sciences held in 2018 in Bali, Indonesia. Together, ISETE 28 is a crucial resource of current, cutting-edge research for any scholar of international finance and economics.Table of ContentsChapter 1. The Impact of Online Market toward Social Welfare on Fourth Industrial Revolution (Industry 4.0) Era: A Case at Bulan Terang Utama (BTU) Online Market Malang; Ermita Yusida, Vika Annisa Qurrata, Vidya Purnamasari and Wen-Chi Huang Chapter 2. Structural Equation Model on Triple Bottom Line Performance of Large Manufacturing Companies in Region XII, Philippines; Vergil Joseph I. Literal and Eugenio S. Guhao, Jr. Chapter 3. Determinants of Students’ Perceptions of the Green University; Sylvia Veronica Siregar and Bayu Tenoyo Chapter 4. Analysis on Sources of Inefficiency in the Construction Sector: High Cost of Infrastructure Development in Indonesia; Anang Muftiadi, Rivani and Dian Fordian Chapter 5. Can Reelection Strengthen the Relationship Between Local Government Spending and Financial Performance?; Hidayah Asfaro Saragih and Dyah Setyaningrum Chapter 6. Integrating Interdisciplinary Studies with the HCM Accounting Certificate to Reach the Milestone of Finalizing Post-Crisis Reforms (Basel III) Considering the Aggravating Effect of the COVID-19 Deficit; John P. Koeplin and Pascal Lélé Chapter 7. A Vulnerability Spillover Index for the Indian Financial System; Indrani Manna Chapter 8. Is Inflation Targeting Successful in Emerging Economies?; Vidhi Agarwal and Taniya Ghosh Chapter 9. Impact of Economic Policy Uncertainty on FDI inflows: Evidence from India; Aishanee Sinha and Taniya Ghosh Chapter 10. Consumption Life and Satisfaction of Chinese Rural Residents; Liying Xia, Jianbo Zhang and Xuelin Ma Chapter 11. The Impact of Institutional Quality on Stock Market Performance in Emerging Economy: Evidence from the ARDL Bound Approach; Woon Leong Lin, Aneeq Inam and Siong Hook Law Chapter 12. Herding Behavior: Evidence from Southeast Asian Stock Markets; Harjum Muharam, Aditya Dharmawan, Najmudin and Robiyanto Robiyanto Chapter 13. Private Information from Extreme Price Movements (Empirical Evidences from Southeast Asia Countries); Usman Arief and Zaäfri Ananto Husodo Chapter 14. The Impacts of Divisia Money on MYR/USD Exchange Rate Determination in Malaysia; Choi-Meng Leong, Chin-Hong Puah, Venus Khim-Sen Liew and Nadiya Matviychuk-Soskina Chapter 15. Modelling Exchange Market Pressure in East Asian Economies; Evan Lau, Jenny Yong and Nurul Bariyah Chapter 16. The Impact of Equity Historical Market Price on Capital Structure; Miswanto Miswanto Chapter 17. Sharia Disclosure, Sharia Supervisory Board and the Moderating Effect of Regulatory Framework: The Impact on Soundness of Islamic Banking; Siti Khomsatun, Hilda Rossieta, Fitriany and Mustafa Edwin Nasution Chapter 18. Implementation Green Banking and Financial Performance of Commercial Bank in Indonesia; Tria Ratnasari, Arni Surwanti and Firman Pribadi Chapter 19. The Implementation of Human Capital Disclosures on the Financial Statements of Local Governments in Indonesia based on the Institutional Theory; Henny Murtini, Djoko Suhardjanto, Djuminah and Agung Nur Probohudono Chapter 20. Disclosure, Information Asymmetry and The Cost of Equity Capital: Evidence from Indonesia; Erna Setiany and Djoko Suhardjanto Chapter 21. Financial Technology and Bank Risk: A Cross Country Study; Nugroho Saputro, Ariyanto Adhi Nugroho and Irwan Trinugroho Chapter 22. The Use of Discretionary Spending as an Opportunistic Motive to Win the Election; Dewi Darmastuti and Dyah Setyaningrum Chapter 23. The Dynamic Impacts of Financial Determinants and Ownership Concentration towards Firm Survival in Malaysia; Suzaida Bakar and Bany Ariffin Amin Noordin Chapter 24. Heterogeneity of Inflation Expectations: An Analysis using IESH data; Ashima Goyal and Prashant Parab

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Book SynopsisThis book is a collection of some recent of the best articles by China Economist and it represents top Chinese economists major research outcomes and opinions on economic matters, status and trends from various perspectives. Some work with China’s highest academic research institutes and policy consultation agencies, while others work with related agencies and universities. Hence, this book largely reflects the key concerns and efforts of economic research institutes, policy advisory agencies, regulatory policy research departments and universities on China’s economy.From the launching of reform and opening-up in 1978 to the dawn of the 21st century, China has been transformed from a self-enclosed, planned economy to a market-based one, and the country has integrated itself into the international community. China wishes to look beyond its border and engage in equal-footed dialogue with its partners and competitors. With China’s rapid emergence and great achievements, other countries increasingly want to learn more about this “mysterious oriental country” and the miraculous changes taking place here. However, we have also found that abroad, the public, high-ranking officials and even media and academia may not have a clear picture of China. Chinese scholars views on their country and beyond are not well understood by foreign scholars, not to mention people in the street, and overseas officials and scholars do not appreciate China’s realities. Legitimate claims and well intentioned expressions from China are often misunderstood or distorted by the media, and it seems that the world is unprepared for a changing China. China needs to know itself and the outside world, and the world needs to have a closer look at China as well. Research on the China phenomenon and its implications has become topical around the world. Hence, developing diversified channels and platforms of communication is necessary both in China and the outside world.In this book, which includes dozens of articles written by Chinese economists and researchers, authors wish to tell the world a truth: Although China has become the world’s second largest economy, its GDP per capita is very low. China remains a developing country, and development is its top priority and the basis for all welfare programs. The rights of development are basic human rights upon which China cannot waiver. Development is the best gift China has to offer to the world. Meanwhile, Chinese scholars should also recognize that China must deepen reform and expand opening-up, balance efficiency with fair income distribution, use resources in more efficient, refined and clean ways, and challenge its enterprises to assume more social responsibilities. Only in this way can China complete its historic transition from a developing country to a mature, modernized country.Table of Contents Part One: Macro economy Chapter 1 “Middle-Income Trap” and “High-Income Wall” : Challenges and Opportunities to China, by Liu Shijin et al Chapter 2 Don’t Overlook GDP and Investment: An Analysis of China’s Current Economic Trend, by Liu Shucheng Chapter 3 How Long Can China’s Economy Keep Growing? By Zhang Jun Chapter 4 How China Can Avoid the “Middle-Income Trap”,by Ma Xiaohe Part Two: Institution & Mechanism Chapter 5 The Contribution of Marketization to China’s Economic Growth, by Fan Gang et al Chapter 6 China’s Marketization since WTO Accession, by Li Xiaoxi Chapter 7 Shifting to a Market-Based Wage-Setting Mechanism for Low-Skilled Labor: Macro economic Effects, by Yang Ruilong et a Chapter 8 Regulation or Property Rights: The Effect of China’s Coal Mine Shutdown Policy on Work Safety, by Bai Chong’en et al Chapter 9 A Modeling Analysis of Local Governments Competing in Offering Subsidies to Attract Investment: the Cause of Industrial Overcapacity, by Jiang Feitao et al Part Three: Government Policy Chapter 10 China’s Sovereign Balance Sheet and Its Risk Assessment, by Li Yang et al Chapter 11 China’s Monetary Policy Instruments (2001-2010): Paradox, Analysis and Suggestions, by Wang Guogang Chapter 12 China’s Regional Policy Scenarios for 2011-2015 Period, by Wei Houkai et al Chapter 13 Developing Secondary Industry to Drive China’s Future Growth, by Jin Bei Chapter 14 Domestic Demand-based Economic Globalization: Strategic Choice for China to Profit from the Second Wave of Globalization, by Liu Zhibiao Part Four: Industrial Development Chapter 15 China’s Industries in the Beginning of Its 12th Five-Year Plan Period, by Jin Bei Chapter 16 Relying on Secondary Industry to Drive National Policy and Reinvigorate China’s Economy, by Huang Qunhui Chapter 17 Recalculating the Significance of Secondary and Tertiary Industries for Industrial Restructuring: Truth and Myth, by Li Gang et al Chapter 18 Technology Gaps, Resource Allocation and Economic Growth of Large Late starting Countries, by Ouyang Yao et al

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Book SynopsisLegendary economist Dr. Henry Kaufman shares a classic Wall Street story that has never been fully told: a firsthand account of the day in August 1982 that would define US economics for decadesDr. Henry Kaufman is the most famous economist Wall Street has ever seen, renowned well beyond the financial industry. He was the subject of New Yorker cartoons, had cameos in drama productions and two seminal literary works of the 1980s, was subject to death threats, and enjoyed the nickname "Dr. Doom." His pinnacle of influence arrived on August 17, 1982.That single day turned out to be the beginning of the world that we now live in. At the time, after painful years of high interest rates and the inflation of the late 1960s and 1970s, consumers were paying 17 percent and higher to borrow money. But by the end of one summer day almost 40 years ago, the stock market had undergone its second-biggest rally since WWII, while bond prices soared and interest rates plunged. Dr. Kaufman himself had written a memo that sparked this tremendous boom-and it set the global markets on fire, marking the start of almost four decades of US economic growth.The Day the Markets Roared answers the questions: • Why did Dr. Kaufman break with his longstanding bearish views to make a momentous prediction that spurred blaring headlines everywhere from Brazil to Beijing? • How could a private individual exercise such profound influence over global financial markets? • How did we get to today's rock-bottom and even negative rates? And what is their continuing impact on the economy, our financial markets and our livelihoods?The Day the Markets Roared is a firsthand, minute-by-minute account of one remarkable day in financial and economic history, with a rich cast of characters, from Salomon's John Gutfreund to interest rate guru Sydney Homer, to Dr. Kaufman's longtime friend, Fed Chairman Paul Volcker. Dr. Kaufman reflects on the lessons of the historic August 1982 episode, harkening back to a more optimistic moment in American history, and offering inspiration for better times ahead.Table of ContentsContents Preface and Acknowledgments Introduction: August 17, 1982, in Context Part I: What Happened 1: The Day 2: The Press Reaction Part II: Why It Happened 3: Intellectual Roots 4: Why I Was Bearish for So Long 5: Albert M. Wojnilower, “Dr. Death” 6: Critics, Threats, and Humor 7: Growing Pressures Part III: The Aftermath 8: Other Record Days on Wall Street 9: Lessons 10: New Realities AcknowledgmentsBibliographyEndnotesIndexAbout the Author

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Book Synopsis

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Book Synopsis

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Book Synopsis

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Book SynopsisThis open access book offers unique and novel views on the social innovation landscape, tools, practices, pedagogies, and research in the context of higher education. International, multi-disciplinary academics and industry leaders present new developments, research evidence, and practice expertise on social innovation in higher education institutions (HEIs), across academic and professional disciplines.The book includes a selected set of peer-reviewed chapters presenting different perspectives against which relevant actors can identify and analyse social innovation in HEIs. The volume demonstrates how HEIs can respond to societal challenges, support positive social change, and contribute to the development of international public policy discourse. It answers the question ‘how does the present higher education system, in different countries, promote social innovation and create social change and impact’. In answering this question, the book identifies factors driving success as well as obstacles. Furthermore, it examines how higher education innovation assists societal challenges and investigates the benefits of effective social innovation engagement by HEIs.The interdisciplinary approach of the volume makes it a must-read for scholars, students, policy-makers, and practitioners of economics, education, business and management, political science, and sociology interested in a better understanding of social innovation.Table of ContentsIntroduction: An Overview of the Research.- Facets of Social Innovation in Higher Education.- Pathways towards Enhancing HEI’s Role in the Local Social Innovation Ecosystem.- Digital Transformation in Higher Education Institutions as a Driver of Social Oriented Innovations.- Design of a Social Innovation Competence Framework to Educate Entrepreneurs in Developing on the International Stage.- Higher Education Practices for Social Innovation and Sustainable Development.- The Role of Higher Education Institutions in Development of Social Entrepreneurship: The Case of Tallinn University Social Entrepreneurship Study Program, Estonia.- Fostering Research with Societal Impact in Higher Education Institutions: A Review and Conceptualization.- The Role of Higher Education in Creating Socially Responsible Innovations – A Case Study of the EIT Food RIS Consumer Engagement Labs project.- Defining ‘Responsible’ in Responsible Research and Innovation: The Case of Quadruple Helix Innovation in the Energy Sector in the Tampere Region.- A Human-Centric Co-Creation Platform for Solving Wicked Social Challenges.- “Thinking Outside the Box”: Social Innovations Emerging from Academic Nursing-Community Partnerships.- Social Innovation in Higher Education from a Disability Studies Perspective.- Possibilities of Social Bonds Using to Finance Higher Education Institutions.

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Book SynopsisThis open access book examines the challenges and issues caused by a move to a marketized education system in Sweden. Observing the introduction of the school voucher system and a postmodern social constructivist view of knowledge, the move away from objective knowledge is identified as the core reason for Sweden’s current education crisis. The impact of declining education standards on the labor market is also discussed.This book highlights the issues seen in Sweden and suggests policies that can improve education in the rest of the Western world as well. It will be relevant to students and researchers interested in education and labor economics. Table of Contents1. Introduction: The Rise and Puzzling Fall of the Swedish Educational System.- 2. The Silver Age of Swedish Education.- 3. Educational Performance in Swedish Schools—What Are the Facts?.- 4. The Malaise in the School System.- 5. Two Views of Knowledge and Teaching.- 6. The Rise of “Post-Truth” Schooling.- 7. The Deinstitutionalization and Fragmentation of the Swedish School System.- 8. A Perfect Storm.- 9. The Way Forward for Sweden and Other Western Countries.

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Book SynopsisIncome inequality is a serious problem confronting not only the developed world but also developing countries. Recently, financialization has been one of the culprits identified in literature as one of the cause of income inequality. This book offers the only detailed presentation of the how financialization aided the spread of income inequality in Organization of Islamic Cooperation, OIC countries. Finance has taking a center stage in the affairs of most developing economies, surpassing the real sector of the economy. The result is the creation of an indebted society in which people are comfortable with financing their financial needs through credit. This creates a debt laden society that is trapped in the cycle of debt. This book represents a comprehensive and indispensable source for students, practitioners and the general public at large. It presents data which shows the buildup of debt and the rising income inequality in Muslim countries. It includes discussion of the rise in rentier income, financialization of everyday life, decline in physical capital accumulation and deregulation of the financial sector. The book therefore, proffers solutions on how Muslim countries can come out of the present economic problem facing them. The promotion and adoption of Islamic principles, which promotes risk sharing based contracts as against debt based transaction is the way to go. When financial contracts are based on the principles of risk sharing, any gains from economic activities get to be shared equitably. Hence, not only capital owners get to enjoy the benefit from the income derived from investments, but rather, all parties that partake in the contract. Distinguished by its clarity and readability as it is written in a very easy to understand language, it is an important reference work for any concerned individual interested on the recent causes of income inequality in Muslim World.

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Book SynopsisIt is time to leave capitalism behind. In Prosperity without Greed, Sahra Wagenknecht shows that we live in a system of economic feudalism that has nothing to do with a free market economy, where the innovations we require to solve myriad important societal problems are not forthcoming. How can it be, Wagenknecht asks, that technological developments financed by the taxpayer end up enriching private companies even if those companies’ activities violate public interests? Through clear analysis and concrete proposals, Wagenknecht suggestss new forms of ownership and sketches the outlines of an innovative and just economy that instead promotes and rewards talent, real performance, and start-ups with groundbreaking ideas.

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