The studies on Chinese traditional culture and corporate environmental responsibility: literature review and its implications

<abstract> <p>There is a certain correlation between Chinese traditional culture and Chinese enterprises' performance of environmental responsibility, but there is little literature on the relationship between them from an empirical perspective. This paper combs and evaluates the relevant literature from three aspects: the evaluation of the economic and social effects of Chinese traditional culture, the influencing factors of corporate environmental responsibility, and the measurement of culture. Based on the literature review, this paper puts forward the following research enlightenment, that is, future empirical research should be carried out from the perspective of the intensity, effect, and heterogeneity of the impact of Chinese traditional culture on enterprises' fulfillment of environmental responsibility, as well as the moderating factors of the relationship between them.</p> </abstract>

Perceived crowding and physical distance rules: a national account perspective

<abstract><p>Policies concerning the sustainable tourism are fundamentally addressed to the environmental protection and to minimize the anthropogenic impact when exploiting beaches, archeological sites and other tourist attractions. In this paper, we propose a subjective measure, namely the Perceived factor, in order to take into account the more general dimension of the social factor in the assessment of the Tourism Carrying Capacity (TCC) measures. The analysis evaluates the employment impact of the perceived crowding by using data resulting from a survey conducted in the Asinara National Park. In this respect, a macroeconomic analysis is presented by using a SAM scheme developed at a local level, based on four municipalities representing a potential gravitational area of tourists visiting the Asinara National Park. Afterward, a SAM-based model combined with the sustainability measures is proposed to compute the employment loss due to the Perceived factor.</p></abstract>

NEPSE in Bollinger Bands

<abstract> <p>An investor uses the graphical presentation of Bollinger Bands to get signals of the ups and downs, as well the volatility of the market from the expansion and tightening of the UBB and LBB, reflecting higher and lower volatility. The percent (%) b helps determine the opportunities during extreme periods from the market, looking at the concentration of line graph at the value "0" or "1" reflecting the bearish and bullish trend, respectively. The Bandwidth Index was able to picture out the bullish trend with a squeeze at the upper band. The positive unimodality of Q for NEPSE daily return for the period of the fiscal year 1998–1999 to the fiscal year 2019–2020 indicated normality for the market return. Nevertheless, the results for the trading signals based on the Bollinger bands are seen as useful for an investor by giving a clear signal to "buy" or "sell". At the same time, relying only on Bollinger Bands with a specific period MA, i.e. the Bollinger Bands with a shorter moving average (MA) shows higher fluctuations and vice-versa, hence, could show false signals while choosing inappropriate MA, therefore, help of other technical analysis tools should be taken while going for an investment decision.</p> </abstract>

Asymmetric effect of exchange rate volatility on trade balance in Nigeria

<abstract> <p>The relationship between real exchange rate volatility and the trade balance has been a contentious issue since the fall of Bretton woods agreement of 1973, owing to the lack of unanimity on the effect. This article provides empirical evidence of the link between the real exchange rate volatility and the trade balance in the light of financial development, confirming the assertion that the effect is significantly dependent on the country's level of financial development. Due to Nigeria's relatively undeveloped financial system, its exchange rate dampens the country's exports. Rather than studying the relationship in isolation, we examine the moderating role of financial development on the link between export and the real exchange rate volatility in this paper. The empirical estimation is based on the Nigeria's data set spanning the years 1980–2019, and it employs threshold autoregressive non-linear co-integration and non-linear ARDL estimation techniques. According to the findings, financial development magnifies the beneficial benefits of the real exchange rate on Nigeria's foreign trade. It also states that the uncertainty in foreign capital flows has a negative impact on Nigeria's international trade. The findings have broad policy implications, implying that in order to diversify and improve the economy's future growth and associated international trade, Nigeria's policymakers should promote adequate financial sector development, as financial shocks are amplified by poorly implemented credit markets.</p> </abstract>

International monetary spillovers and macroeconomic stability in developing countries

<abstract> <p>This paper analyses the impact of international spillovers on macroeconomic stability in developing countries. Specifically, the study investigates the impact of United States (US) monetary policy spillovers in the form of US inflation and Federal funds interest rate on Uganda and Kenya's inflation rates, interest rates and the exchange rates, key macroeconomic indicators of importance to macroeconomic stability. The focus on international spillovers from the USA is due to the dominant role it plays in determining global economic conditions. The study applies the Generalized Vector Autoregressive (GVAR) approach to quantify spillovers across these economies. The results shows that despite recent efforts towards East African regional integration, international spillovers from global economies like the US are more significant in determining macroeconomic stability in developing countries, underscoring the importance of global policy coordination. Specifically, we find an amplification of return and volatility spillovers after the onset of the Global financial crisis.</p> </abstract>