Asia and the Global Economy最新文献_第2页

The “real” exchange rate regime in China since 2015′s exchange rate reform 2015年汇率改革以来中国的“真实”汇率制度

Asia and the Global Economy Pub Date : 2023-07-01 DOI: 10.1016/j.aglobe.2023.100064

Jinzhao Chen

引用次数: 0

Towards sustainable and resilient ASEAN-Korea economic integration 2.0 迈向可持续和有韧性的东盟-韩国经济一体化2.0

Asia and the Global Economy Pub Date : 2023-07-01 DOI: 10.1016/j.aglobe.2023.100061

Kyunghoon Kim

引用次数: 0

Can Kuznets curve hypothesis explain the mission drift of microfinance institutions? Evidence from developing countries 库兹涅茨曲线假说能解释小额信贷机构的使命漂移吗？来自发展中国家的证据

Asia and the Global Economy Pub Date : 2023-07-01 DOI: 10.1016/j.aglobe.2023.100062

Md Aslam Mia , Adamu Jibir , Arpita Sharma , Musa Abdu

引用次数: 0

Monetary policy and macroeconomic factors: Japan versus the US and the euro area 货币政策和宏观经济因素：日本对美国和欧元区

Asia and the Global Economy Pub Date : 2023-07-01 DOI: 10.1016/j.aglobe.2023.100065

Pierre L. Siklos

引用次数: 0

Uncovering heterogeneity in the relationship between competition, corporate governance and firm performance using quantile regression on Indian data 利用印度数据的分位数回归揭示竞争、公司治理和公司绩效之间关系的异质性

Asia and the Global Economy Pub Date : 2023-07-01 DOI: 10.1016/j.aglobe.2023.100066

Indrani Chakraborty

{"title":"Uncovering heterogeneity in the relationship between competition, corporate governance and firm performance using quantile regression on Indian data","authors":"Indrani Chakraborty","doi":"10.1016/j.aglobe.2023.100066","DOIUrl":"https://doi.org/10.1016/j.aglobe.2023.100066","url":null,"abstract":"<div><p>This paper investigates the relation between product market competition, corporate governance and firm performance in Indian manufacturing industries covering the period 1995–2017. Evidence suggests that firm performance improves as competition increases. Besides, results depict heterogeneity in the conditional determinants of firm performance between competitive and non-competitive industries. We observe that at upper quantiles of Tobin's q, competitive firms have better performance than their non-competitive counterparts. Findings also suggest that exogenous factors, such as managerial efficiency or managerial incentives provided by the promoters in competitive firms, may be some of the unobservable factors increasing the net positive differences in Tobin's q between competitive and non-competitive firms. This has the implication that policy frameworks are different in competitive and non-competitive industries. Moreover, we observe that the enactment of Clause 49 in December 2005, which aimed at improving corporate governance in India, improved firm performance in less competitive industries. The findings therefore imply that competition acts as an external mechanism to discipline management and increases firm performance as a consequence. Thus, competition seems to act as a substitute for direct institutional reforms to improve corporate governance. The results have important policy implications. Since improvement in corporate governance has relatively more pronounced effect in non-competitive industries, policy efforts should be made in that specific direction.</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/S2667111523000130/pdfft?md5=e8b499674493729f3a58fd906f59df8d&pid=1-s2.0-S2667111523000130-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"92100939","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: 3

Meritocratic beliefs and economic growth: A mediating effect of economic inequality 任人唯贤的信念与经济增长：经济不平等的中介效应

Asia and the Global Economy Pub Date : 2023-07-01 DOI: 10.1016/j.aglobe.2023.100072

Youli Cho , Zheng Fang , Nicholas Cheng Siang Sim

引用次数: 0

Estimating the economic impacts of the regional comprehensive economic partnership 评估区域全面经济伙伴关系的经济影响

Asia and the Global Economy Pub Date : 2023-07-01 DOI: 10.1016/j.aglobe.2023.100060

Carmen Estrades , Maryla Maliszewska , Israel Osorio-Rodarte , Maria Seara e Pereira

引用次数: 0

Sectoral evidence on Indonesian economic performance after the pandemic 大流行后印度尼西亚经济表现的部门证据

Asia and the Global Economy Pub Date : 2023-07-01 DOI: 10.1016/j.aglobe.2023.100069

Willem Thorbecke

{"title":"Sectoral evidence on Indonesian economic performance after the pandemic","authors":"Willem Thorbecke","doi":"10.1016/j.aglobe.2023.100069","DOIUrl":"https://doi.org/10.1016/j.aglobe.2023.100069","url":null,"abstract":"<div><p>The Indonesian economy has a long history of steady growth punctuated by times of turmoil and crisis. Recently Indonesia has faced the COVID-19 pandemic, inflation, contractionary U.S. monetary policy, and fluctuating commodity prices. To examine how the economy is faring since the pandemic began, this paper compares sectoral stock returns since COVID-19 hit the Indonesian economy with forecasted returns based on macroeconomic variables. The results indicate that coal, iron and steel, health care, and pharmaceuticals are outperforming more than three years after the coronavirus crisis began. Tobacco, industrials, and sectors related to construction are underperforming. The regression evidence also indicates that Indonesian sectors are primarily exposed to the Indonesian stock market. Coal, iron and steel and natural resources stocks are less exposed to the Indonesian stock market and more exposed to the world stock market. Almost no sectors exhibit exposure to contractionary U.S. monetary policy. The importance of the Indonesian stock market in explaining stock returns reflects the fact that the Indonesian economy is largely driven by domestic demand. To increase its resilience, Indonesia should also nurture labor-intensive exports.</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/S2667111523000166/pdfft?md5=e37c9836270db984e6e3d78eda3869a1&pid=1-s2.0-S2667111523000166-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138501178","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

Emerging developments in ASEAN–China relations in regional production linkages 东盟-中国关系在区域生产联系中的新发展

Asia and the Global Economy Pub Date : 2023-07-01 DOI: 10.1016/j.aglobe.2023.100070

Ewa Cieślik

引用次数: 0

Shifted paradigm in technonationalism in the 21st century: The influence of global value chain (GVC) and US-China competition on international politics and global commerce —A case study of Japan's semiconductor industry 21世纪技术民族主义范式的转变：全球价值链和美中竞争对国际政治和全球商业的影响——以日本半导体产业为例

Asia and the Global Economy Pub Date : 2023-07-01 DOI: 10.1016/j.aglobe.2023.100063

Seohee Ashley Park

{"title":"Shifted paradigm in technonationalism in the 21st century: The influence of global value chain (GVC) and US-China competition on international politics and global commerce —A case study of Japan's semiconductor industry","authors":"Seohee Ashley Park","doi":"10.1016/j.aglobe.2023.100063","DOIUrl":"https://doi.org/10.1016/j.aglobe.2023.100063","url":null,"abstract":"<div><p>Because of escalating technological conflicts, the US-China technology war, and hegemonic competition since the late 2010s, “technonationalism,” has become a critical topic in the international political economy, and this study contributes to the ongoing discussion proposing two mediating variables, the global value chain (GVC) and the US-China competition in the 2010s. First, we propose a shift in the technonationalist paradigm, from focusing on a single-state approach with an industrial policy oriented toward development to a multistate focus approach with a geoeconomic strategy oriented toward security. It also highlights the integration of business interests into the national strategic agenda as a critical criterion. Second, the study examines investment in Japan by Elpida Memory, Kioxia, and Taiwan Semiconductor Manufacturing Company. Based on Japan as a case study, the findings show a shift to technonationalism, as the government responds to changes in international political conditions, rather than to domestic demands for supporting a specific segment of the semiconductor industry.</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":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50187679","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0