Social and Behavioral Sciences Commons^™

Uniform Nonparametric Inference For Time Series, Jia Li, Zhipeng Liao

Research Collection School Of Economics

This paper provides the first result for the uniform inference based on nonparametric series estimators in a general time-series setting. We develop a strong approximation theory for sample averages of mixingales with dimensions growing with the sample size. We use this result to justify the asymptotic validity of a uniform confidence band for series estimators and show that it can also be used to conduct nonparametric specification test for conditional moment restrictions. New results on the validity of heteroskedasticity and autocorrelation consistent (HAC) estimators with increasing dimension are established for making feasible inference. An empirical application on the unemployment volatility …

Pinduoduo: Empowering Farmers With An E-Commerce Platform, Hao Liang, Sin Mei Cheah

Research Collection Lee Kong Chian School Of Business

A case study on how Pinduoduo's dedicated portal has helped farmers during the Covid-19 outbreak.

Macroeconomic Stabilization In The Digital Age, John Beirne, David Fernandez

Research Collection Lee Kong Chian School Of Business

Macroeconomic Stabilization in the Digital Age provides insights into factors affecting the macroeconomic management of the economy in the digital age. Policy makers need to be aware of the increasing prominence of the digital economy and digital finance and seek to better understand how continued digitalization will affect policies aimed at managing the economy. For emerging market economies (EMEs), macroeconomic policy challenges have been exacerbated by the digital finance revolution in the aftermath of the global financial crisis and the coronavirus disease (COVID-19) pandemic, when many EMEs experienced large and volatile capital flows. Policy makers must also navigate through fluctuating …

Persistent And Rough Volatility, Xiaobin Liu, Shuping Shi, Jun Yu

Research Collection School Of Economics

This paper contributes to an ongoing debate on volatility dynamics. We introduce a discrete-time fractional stochastic volatility (FSV) model based on the fractional Gaussian noise. The new model has the same limit as the fractional integrated stochastic volatility (FISV) model under the in-fill asymptotic scheme. We study the theoretical properties of both models and introduce a memory signature plot for a model-free initial assessment. A simulated maximum likelihood (SML) method, which maximizes the time-domain log-likelihoods obtained by the importance sampling technique, is employed to estimate the model parameters. Simulation studies suggest that the SML method can accurately estimate both models. …

Mandarins Make Markets: Leadership Rotations And Inter-Provincial Trade In China, Junyan Jiang, Yuan Mei

Research Collection School Of Economics

The careers of many public officials span multiple localities, yet the economic effects of their inter-regional movements are not well understood. This paper focuses on the rotation of provincial leaders in China and studies its impact on regional economic integration. Estimation results using the gravity framework indicate that when a provincial leader is appointed as the party secretary of a new province, the trade volume from the new province to the old province increases, but not vice versa. Additional analyses using two novel datasets that capture the intensity of inter-provincial socioeconomic activities in China corroborate this finding. We then construct …

Can Retail Investors Learn From Insiders?, Ekkehart Boehmer, Bo Sang, Zhe Zhang

Research Collection Lee Kong Chian School Of Business

This paper examines the trading patterns of retail investors following insider trading and the corresponding price impact. Retail investors follow the opportunistic purchases by insiders, but not their routine purchases. Neither investor attention nor common information such as earnings announcements or analysts forecast re- visions explains the results. They keep following insider purchases in subsequent four quarters. Moreover, for stocks with opportunistic insider purchases, those that retail investors bought yield higher cumulative abnormal returns than those that retail investors sold. The effect is mostly driven by the information compo- nent of the retail trades, rather than liquidity provision or temporary …

Robust Virtual Implementation With Almost Complete Information, Takashi Kunimoto

Research Collection School Of Economics

Artemov, Kunimoto, and Serrano (2013a,b, henceforth, AKS) study a mechanism design problem where arbitrary restrictions are placed on the set of first-order beliefs of agents. Calling these restrictions Δ, they adopt Δ-rationalizability (Battigalli and Siniscalchi, 2003) and show that Δ-incentive compatibility and Δ-measurability are necessary and sufficient conditions for robust virtual implementation, which implies that virtual implementation is possible uniformly over all type spaces consistent with Δ-restrictions. By appropriately defining Δ in order to restrict attention to complete information environments and thereafter explicitly modelling the assumption of complete information in the language of type spaces, I re-establish the permissive implementation …

A Ricardian Rationale For The Wto Rules On R&D Subsidies, Yumi Koh, Gea M. Lee

Research Collection School Of Economics

The WTO subsidy rules use two key criteria, specificity and adverse effects, to regulate R&D subsidies. Using the model of Dornbusch et al. (1977), we offer a Ricardian rationale for the regulatory criteria.

The Revealed Preference Theory Of Stable Matchings With One-Sided Preferences, Gaoji Hu, Jiangtao Li, Rui Tang

Research Collection School Of Economics

We investigate the testable implications of the theory of stable matchings in two-sided matching markets with one-sided preferences. Our main result connects the revealed preference analysis to the well-known lattice structure of the set of stable matchings, and tests the rationalizability of a data set by analyzing the joins and meets of matchings.

When And Why Narcissists Exhibit Greater Hindsight Bias And Less Perceived Learning, Satoris S. Howes, Edgar E. Kausel, Alexander T. Jackson, Jochen Reb

Research Collection Lee Kong Chian School Of Business

The present research sought to examine the impact of narcissism, prediction accuracy, and should counterfactual thinking—which includes thoughts such as “I should have done something different”—on hindsight bias (the tendency to exaggerate in hindsight what one knew in foresight) and perceived learning. To test these effects, we conducted four studies (total n = 727). First, in Study 1 we examined a moderated mediation model, in which should counterfactual thinking mediates the relation between narcissism and hindsight bias, and this mediation is moderated by prediction accuracy such that the relationship is negative when predictions are accurate and positive when predictions are …

Rebuilding Global Supply Chains From The Ground Up, Victor Fung, Chin Tiong Tan

Research Collection Lee Kong Chian School Of Business

Dr Victor Fung, Group Chairman of the Fung Group, talks about how technological changes, geopolitical shifts, and Covid-19 are threatening to turn global supply chains upside down, in this interview with Tan Chin Tiong.

A Tripartite Model Of Trust In Facebook: Acceptance Of Information Personalization, Privacy Concern, And Privacy Literacy, Sonny Rosenthal, Ole-Christian Wasenden, Gorm-Andreas Gronnevet, Rich Ling

Research Collection College of Integrative Studies

This study draws on the mental accounting perspective and a tripartite model of trust to explain why users trust Facebook. We argue that trust in Facebook is related to (1) trust in companies that collect personal data, (2) acceptance of information personalization, (3) low privacy concern, and (4) low privacy literacy. Further, we argue that privacy literacy amplifies the relationship between privacy concern and the other factors. This is because, among individuals with high privacy literacy, privacy concern is especially diagnostic of the potential harms of a loss of privacy. These arguments align broadly with theorizations about factors influencing privacy-related …

Public Diplomacy And The Case Of Kosovo, Ngadhnjim Brovina, Dritero Arifi, Fjollë Nuhiu

UBT International Conference

Diplomacy is the main tool of foreign policy, but not the only. It also depends on the economic and military power of the state. However, diplomacy today in the 21st century has advanced a lot and is divided into several types. In addition to the classical or traditional form, today is known as very effective modern diplomacy, public and digital diplomacy. In this scientific paper as a case study related with public diplomacy, is chosen Kosovo. The main purpose of this paper is related to public diplomacy as a tool of foreign policy and the adaptation of Kosovo;s foreign policy …

International Organizations And World Order, Shpendim Oxha, Fatos Rushiti

UBT International Conference

International organization is a relatively new practice of the functioning of societies around the globe. Both as a practice and as a defined idea, it appears relatively late in history. Although various forms of wider organization of some societies (states) in temporary unions are also noticed in ancient civilizations, yet this is not the essence of this phenomenon in the contemporary meaning of the word. Ancient communities were of a military nature. Unions of some against others were formed for military needs and as soon as wars ended, such unions disbanded. However, the development of capitalism even in modern times …

The Political Process Of State Formation Of Kosovo From The Establishment Of The International Protectorate To Independence, Ruzhdi Jashari, Donika Hoti

UBT International Conference

After the signing of the Rambouillet Agreement, NATO bombing began, where the citizens of Kosovo are forced to leave their t The March 2004 riots, which began in the northern part of Mitrovica, after the killing of two Albanian children, led to the burning of some Orthodox churches in some parts of Kosovo by some protesters. Following this situation, the UN Secretary General, Mr. Kofi Annan, charged the Norwegian Mr. Kai Eide for a report, which would reflect the situation in Kosovo.erritory, due to violence from Serbia. This act sent Kosovo to oversee the administration of the United Nations. UN …

Covid 19 Recession Through Policymakers Hibrenate Economy Case Study: Kosova, Ardian Uka

UBT International Conference

In the first half of the year 2020 we have witnessed a pandemic spread all over the globe. The harmful impacts of Covid-19 on the health of humans that could end in “death- penalty” were tried to be prevented by locking down almost all businesses/economy expect the medical sector and businesses that offer essential goods and bakery. The lock-down had massive negative effects on the businesses that were effecting therefore global economy is facing a recession. The main aim of this paper is to understand the policymakers’ decision towards the “Covid-19 first era” by tuning economical tools such as lower …

The Importance Of Public Participation In Building Up Democracies In Former Yugoslav States. Case Study: Kosovo And Croatia, Florentina Hajdari Hajra, Dritero Arifi

UBT International Conference

There is a large body of scientific literature in social science and governmental documents which deals with abstract norms and principles for assessing and judging public deliberation and participation. Almost all political scientists agree that public participation enriches democracy by helping to ensure better decision-making and strengthening politicians’ accountability to the people. But, what is the effect of public participation into transforming political systems, and what are the key factors that cause these transformations? These questions remain still unsolved completely. Through this article, the main purpose is to elaborate the effects of public participation on building up democracies (similarities and …

New Eu Methodology And The Accession Of North Macedonia And Albania, Blerim Reka

UBT International Conference

In my paper I will try to explain the new context of EU enlargement and its implication for the Western Balkans Countries within the new EU methodology of 2020. EU integration of the Western Balkans will be different compared with all previous accessions. This new context of enlargement is due to 2 new EU strategic documents: “New Methodology” of Enlargement and “Blueprint action plan for rule of law” of the European Commission. There is a new context of enlargement, where the process is becoming: more gradual, more conditional, more predictable, and reversible. New Methodology launched by EC on 5th February …

9th International Conference On Business, Technology And Innovation 2020, University For Business And Technology - Ubt

UBT International Conference

Welcome to IC – UBT 2020

UBT Annual International Conference is the 9th international interdisciplinary peer reviewed conference which publishes works of the scientists as well as practitioners in the area where UBT is active in Education, Research and Development. The UBT aims to implement an integrated strategy to establish itself as an internationally competitive, research-intensive university, committed to the transfer of knowledge and the provision of a world-class education to the most talented students from all background. The main perspective of the conference is to connect the scientists and practitioners from different disciplines in the same place and make …

Freedom Of Information Bill, A Policy For National Development: The Library’S Perspective, Patience Ebisemen Lulu-Pokubo Mrs, Andrea Akporoghene Afuedeli Mrs

Library Philosophy and Practice (e-journal)

Abstract

The paper examines freedom of information bill, a policy for national development: the library’s perspective. The provision of timely and accurate information from an authentic source(s) is a booster to national development. Freedom of Information is the right to access information held by government and public institutions. Libraries are positioned to provide and promote access to information which will translate to development of the society. Freedom of information is a necessity in order to salvage the nation Nigeria. This paper therefore, is an opinion paper which gives us an overview of the FOI bill …

A Report On Preparing The Council On East Asian Libraries’S (Ceal) Statement On Collection Development And Acquisition Amid The Covid-19 Pandemic: In Collaboration With The North American Coordinating Council On Japanese Library Resources (Ncc) And The Society Of Chinese Studies Librarians (Scsl), Fabiano Takashi Rocha

Journal of East Asian Libraries

The COVID-19 pandemic forced libraries to close temporarily halting the access to physical collections. As a result, many libraries started reformulating or implementing collection development policies that favour the acquisition of electronic formats. Given the low, and in some cases nonexistent, availability of resources in electronic formats in the non-English publishing realm, concerns were raised by several area studies organizations about the equity and representation in collection development and acquisition. This report provides insight on how the Council on East Asian Libraries (CEAL) , along with the North American Coordinating Council on Japanese Library Resources (NCC) and the Society of …

China’S Rural Statistics: The Contemporary Chinese Village Gazetteer Data Project, Yuanziyi Zhang

Journal of East Asian Libraries

In July 2018, the East Asian Library (EAL) of the University of Pittsburgh Library System (ULS) initiated the Contemporary Chinese Village Gazetteer Data (CCVG Data) project to create a series of open-access online datasets of China’s rural statistics selected from the library’s collection of Chinese village gazetteers. The current datasets contain data from 1,000 village gazetteers in 18 categories. As an ongoing project, the goal is to reach 2,500 to 3,000 villages. A database that allows effective and efficient ingesting, querying, manipulating, and displaying CCVG data will be available for use by the end of 2020. This article serves as …

“I’Ve Learned From Every Contributor, And For That I’M Thankful”: A Chat With Craig Ledoux, Editor-In-Chief Of Madcap Review, Craig Ledoux, Kailin Swift

The Review Review

Along with a group of his grad school friends, Craig Ledoux co-founded Madcap Review in 2014. They are a “semiannual online journal of literature and art” that encourages “the impulsive, the reckless, and the lively, but we also have great respect for form and restraint.” As explored in this interview, Madcap has very few submission restrictions because they believe that great writing isn’t easily categorized. Their reading period is Sept 1. To Oct. 31.

Venerable Nonfiction Magazine Proves It’S Still In The Game; Review Of Creative Nonfiction, Issue 72, Bria Peterson

The Review Review

Creative Nonfiction magazine is “true stories, well told.” Each issue works to prove that interesting narratives can make any subject meaningful through the adaptive essence of narrative nonfiction. In issue 72, titled “Games: The Power of Play,” they achieve this goal through long and short-form essays along with columns that examine the craft, style, and trends of writing true stories.

American Little Magazines Since 1950: Charting Many Histories, Thom Caraway

The Review Review

As lit mag enthusiasts know, Little Magazines cuts off in 1947. It details the magazines of the Modernist period quite well, as several other excellent comprehensive resources do. The three-volume Oxford Cultural History series on literary magazines details the work of various little magazines in the US, UK, Europe, and Ireland, but gets no further than 1950. Tri-Quarterly’s excellent “documentary” issue of 1978 surveys several editors of significant magazines in the intervening period, and they provide engaging statements of purpose, origin stories, and “biographical” sketches of their particular magazines. More recent volumes like Spreading the Word, Paper Dreams …

Your Perfect Cover Letter, The Review Review Team

The Review Review

Most literary magazines request a cover letter along with your writing submission. This is just way to introduce your work and introduce yourself. Its tone should be polite, professional and unassuming.

During Turbulent Times, A Reminder: The Ground Beneath Us Has Always Been Shifting, Jeffrey Dodd

The Review Review

This issue of The Review Review is being released at a remarkable time here in the United States, where we’re based.

• Global pandemic?
• Most divisive U.S. election season in living memory?
• Editor gets Covid?
• Uncertain economic future due, in large part, to those first two items?

“I Will Take Every Opportunity To Encourage Others”: A Chat With Heather Cuthbertson, Editor Of Gold Man Review, Heather Cuthbertson, Sydney Gonzalez

The Review Review

Gold Man Review is an annual literary journal serving and supporting a community of authors residing on the West Coast. It highlights diverse and passionate writers of short fiction, nonfiction, and poetry. The journal’s founder and Editor-In-Chief, Heather Cuthbertson, has overseen all issues and has ensured that they abide by Gold Man Review’s mission, “Creativity Becomes Community.” The journal’s 9th, and most recent, issue delightfully walks the line between playful and serious with a varied collection that has something for everyone. Issue 9 offers readers tales of love gained and lost, poignant reminders of how words affect others and …

West Coast Litmag Promotes Creative Community With Geographic Focus; Review Of Gold Man Review, Issue 9, Sydney Gonzalez

The Review Review

The 9th Issue of Gold Man Review explores human behavior through analysis, tragedy, and aspiration in a varied collection of fiction, nonfiction, and poetry. This annual literary journal accepts submission from writers who reside in Alaska, California, Hawaii, Oregon, and Washington. The 2019 edition honors Gold Man Review’s mission statement of “Creativity Becomes Community” by presenting unique works that are tonally in conversation.

Journal’S Contest Issue Presents Surprising Array Of Narrative Poetry; Review Of Naugatuck River Review, Issue 23, Jeffrey Dodd

The Review Review

Many fine literary magazines benefit from regular turnover in editorial staff, and sometimes editorial vision. Such is often the case with journals housed in university writing programs, where ever-new cohorts of students bring renewed energy and aesthetic interests. This often allows for new voices to make their way onto a journal’s pages. If there’s a downside to that model, other than the amount of onboarding work and potential lost institutional memory associated with regularly revolving leadership, it is that a journal’s identity can sometimes become confused. This is not the case with Naugatuck River Review, a journal of narrative …