Asia and the Global Economy最新文献

Japan and South Korea's engagement in the Chinese market post-RCEP implementation: A case study of the semiconductor industry 实施《关于建立更紧密经贸关系的安排》后日本和韩国在中国市场的参与情况：半导体行业案例研究

Asia and the Global Economy Pub Date : 2024-07-01 DOI: 10.1016/j.aglobe.2024.100085

Yuxin Peng (Ph.D. student at Ritsumeikan University)

{"title":"Japan and South Korea's engagement in the Chinese market post-RCEP implementation: A case study of the semiconductor industry","authors":"Yuxin Peng (Ph.D. student at Ritsumeikan University)","doi":"10.1016/j.aglobe.2024.100085","DOIUrl":"https://doi.org/10.1016/j.aglobe.2024.100085","url":null,"abstract":"<div><p>After the RCEP implementation in 2022, trade differences emerged between Japan and South Korea with China, especially in semiconductors. Japan's exports to China declined, while South Korea's grew. This study uses qualitative and quantitative methods to explain post-RCEP semiconductor trade differences, focusing on value chain complementarity, new tariff rates, and U.S. factors. Three conclusions: 1) Within the global value chain, the different positions of Japan and South Korea in the semiconductor sectors compared to China result in varying levels of market complementarity between Japan and China and South Korea and China; South Korea, in particular, exhibits a significantly higher potential market. 2) In terms of reducing tariff barriers under RCEP, compared to Japan, South Korea experienced a more substantial decline in semiconductor tariff rates in the Chinese market. 3) The non-tariff barrier sanctions imposed by the United States on Chinese semiconductors in 2022 influenced trade choices for Japan and South Korea. Japan, being more loyal to the United States, tends to align with U.S. policies, leading to a reduction in semiconductor trade with China.</p></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667111524000094/pdfft?md5=a0af832f82ea4a06e998fabeb950aa3c&pid=1-s2.0-S2667111524000094-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141483872","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How oil prices impact the Taiwanese economy: Evidence from the stock market 石油价格如何影响台湾经济？来自股市的证据

Asia and the Global Economy Pub Date : 2024-07-01 DOI: 10.1016/j.aglobe.2024.100086

引用次数: 0

Comparing the effectiveness of the African Growth and Opportunity Act (AGOA) and Forum on China-Africa Cooperation (FOCAC) in South Africa: An application of Keynes' Macroeconomic Theory 比较《非洲增长与机会法案》（AGOA）和中非合作论坛（FOCAC）在南非的成效：凯恩斯宏观经济理论的应用

Asia and the Global Economy Pub Date : 2024-05-26 DOI: 10.1016/j.aglobe.2024.100081

Marvellous Ngundu , Mulatu F Zerihun , Malibongwe C Nyathi

{"title":"Comparing the effectiveness of the African Growth and Opportunity Act (AGOA) and Forum on China-Africa Cooperation (FOCAC) in South Africa: An application of Keynes' Macroeconomic Theory","authors":"Marvellous Ngundu , Mulatu F Zerihun , Malibongwe C Nyathi","doi":"10.1016/j.aglobe.2024.100081","DOIUrl":"https://doi.org/10.1016/j.aglobe.2024.100081","url":null,"abstract":"<div><p>This study applies Keynesian macroeconomic theory in the ARDL model to compare the growth effects of the US's AGOA and China's FOCAC multilateral trading systems in South Africa from the first quarter of 2001 to the fourth quarter of 2022. The study uses South Africa's net exports with the corresponding partner as a proxy for each multilateral trading system. This quantification stems from the fact that South Africa's trade with the US and China has significantly improved since the establishment of AGOA and FOCAC in 2000. Our findings show that none of the multilateral trading systems contribute significantly to South Africa's economic growth. Rather, they appear to be used as strategic initiatives to gain access to mineral resources and facilitate the movement of mining machinery and other inputs into South Africa. To some extent, they are used as market-seeking initiatives, particularly FOCAC. It is worth noting, however, that the mineral resource preferences of these systems vary: while China prioritizes mineral products, the US prioritizes precious metals. This suggests that China and the US scramble for natural resources in South Africa, and possibly Africa in general, is complementary rather than competitive.</p></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667111524000057/pdfft?md5=33db1e2554789ef82a0db81d0f82d3be&pid=1-s2.0-S2667111524000057-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141097742","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does innovation facilitate meeting the CO2 emission reduction targets of China: A non-linear approach 创新是否有助于实现中国的二氧化碳减排目标？非线性方法

Asia and the Global Economy Pub Date : 2024-01-01 DOI: 10.1016/j.aglobe.2024.100079

Yifan Wang , Nadia Doytch , Mohamed Elheddad , Wei Li , Mengna Chi

{"title":"Does innovation facilitate meeting the CO2 emission reduction targets of China: A non-linear approach","authors":"Yifan Wang , Nadia Doytch , Mohamed Elheddad , Wei Li , Mengna Chi","doi":"10.1016/j.aglobe.2024.100079","DOIUrl":"https://doi.org/10.1016/j.aglobe.2024.100079","url":null,"abstract":"<div><p>China has been implementing energy efficiency and CO<sub>2</sub> emission reduction schemes at the provincial level that have been embedded in the National Five Year Plans of the country. We set out to investigate the relationship between R&D expenditures and CO<sub>2</sub> emissions in China at the province level in the context of the planned emissions reduction targets. We explore the possibility of the existence of a non-linear relationship between R&D expenditures and CO<sub>2</sub> emissions with a non-parametric methodology, a fixed effect panel data quantile (FEQR) regression estimator applied to a panel of 30 provinces. We stratify the sample according to the five emissions reduction target tiers of the 12<sup>th</sup> Five-Year National Plan of China and we investigate the role of R&D expenditures in emissions reduction within each of the tiers. We find an inverse U relationship with different turning points for the three middle tiers and a U-shaped relationship for the tier under the most stringent environmental regulation. We find no effect in the tier with the least stringent emissions reduction targets. A further investigation shows that the above results are attributed to sectors with relatively low energy intensity and not to the sectors of heavy industry. The results allow us to draw broad conclusions about the effectiveness of investment in new technologies as a means of meeting the CO<sub>2</sub> targets in China.</p></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667111524000033/pdfft?md5=d4d77183a23dccf5516019d519b505a6&pid=1-s2.0-S2667111524000033-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140548994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Board gender diversity in China and Eastern Europe 中国和东欧董事会的性别多样性

Asia and the Global Economy Pub Date : 2024-01-01 DOI: 10.1016/j.aglobe.2024.100077

Ichiro Iwasaki , Xinxin Ma , Satoshi Mizobata

{"title":"Board gender diversity in China and Eastern Europe","authors":"Ichiro Iwasaki , Xinxin Ma , Satoshi Mizobata","doi":"10.1016/j.aglobe.2024.100077","DOIUrl":"https://doi.org/10.1016/j.aglobe.2024.100077","url":null,"abstract":"<div><p>This paper reports on an empirical analysis of 42,094 public/private companies in China and 21 Eastern European countries to grasp the actual state and determinants of board gender diversity in emerging market firms. We confirmed that firms in these countries are comparable to those in advanced nations in terms of the prevalence of firms recruiting female board members and the female share of board directorships. Furthermore, in emerging market countries, internal promotions are used as often as, or even more often than, external ones to recruit women to director positions. The results revealed that board composition and ownership structure are important determinants of the gender diversity of the corporate board in emerging market firms. We also found that the effects of these factors vary significantly depending on the country/region and the listing status of firms and that two qualitatively different decision-making stages related to the appointment of women to board positions (i.e., a decision as to whether to appoint any women to the board and a decision as to how many board positions should be reserved for women) have a substantial impact on the empirical results.</p></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S266711152400001X/pdfft?md5=05b0e22faf6fc3e48fd15cb94ef0e3e3&pid=1-s2.0-S266711152400001X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140643711","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Is the WTO terminally ill? Threats to the international trading system 世贸组织病入膏肓了吗？国际贸易体系面临的威胁

Asia and the Global Economy Pub Date : 2024-01-01 DOI: 10.1016/j.aglobe.2024.100078

Zdenek Drabek

引用次数: 0

Digital revolution, blockchain technologies and central bank digital currencies: Implications for Asian economic cooperation 数字革命、区块链技术和中央银行数字货币：对亚洲经济合作的影响

Asia and the Global Economy Pub Date : 2024-01-01 DOI: 10.1016/j.aglobe.2024.100080

Ali M. Kutan

引用次数: 0

Searching for global equilibrium: How new economic statecraft undermines international institutions 寻求全球平衡：新经济国策如何破坏国际机构

Asia and the Global Economy Pub Date : 2024-01-01 DOI: 10.1016/j.aglobe.2023.100076

Vinod K. Aggarwal, Andrew W. Reddie

引用次数: 0

Erratum regarding missing Declaration of Competing Interest statements in previously published articles 关于以前发表的文章中缺少 "竞争利益声明 "的勘误

Asia and the Global Economy Pub Date : 2023-07-01 DOI: 10.1016/j.aglobe.2023.100067

引用次数: 0

Searching for a new institutional structure for the global trade system: What role for Asia in the age of US-China competition? 为全球贸易体系寻找新的制度结构:亚洲在美中竞争时代扮演什么角色?

Asia and the Global Economy Pub Date : 2023-07-01 DOI: 10.1016/j.aglobe.2023.100068

Richard Pomfret

{"title":"Searching for a new institutional structure for the global trade system: What role for Asia in the age of US-China competition?","authors":"Richard Pomfret","doi":"10.1016/j.aglobe.2023.100068","DOIUrl":"https://doi.org/10.1016/j.aglobe.2023.100068","url":null,"abstract":"<div><p>After a year of record international trade in 2022, it is uncertain whether the future of the global economy is fragmentation or a new institutional structure. The challenges are to re-establish a dispute resolution mechanism, as the WTO process currently allows decisions to be appealed into oblivion, and to extend the coverage of world trade law to address changes in world trade since 1995. This paper argues that the best option for a beyond-WTO institutional order is an expanded Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) and that, absent a functioning WTO appeal system, the Multi-Party Interim Appeal Arbitration Arrangement (MPIA) is a way to resolve appeals. This could lead to a three-tier global trade system as the expanded CPTPP membership observes the highest standard world trade rules, a second group accepts WTO rules but no more, and a third group has no interest in being bound by world trade rules. On the post-2017 record, the USA could be in any of these three groups. The leading Asian trading nations have a key role to play in ensuring that the first group accounts for the majority of world trade, and to encourage countries to want to follow CPTPP standards and to be at the table when extensions to these standards are discussed.</p></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667111523000154/pdfft?md5=e91fe0d4a535fb169f3f15527a50f466&pid=1-s2.0-S2667111523000154-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138413082","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0