Asia and the Global Economy最新文献_第2页

The impact of economic policy uncertainty on agricultural prices: Evidence from China

Asia and the Global Economy Pub Date : 2024-07-01 DOI: 10.1016/j.aglobe.2024.100100

Li Hao, Lee Ki-Seong

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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

Willem Thorbecke

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Trade liberalization and export performance in China: Export-margin approach with firm-level data in 1995–2019 贸易自由化与中国的出口绩效：利用1995-2019年企业层面数据的出口利润率方法

Asia and the Global Economy Pub Date : 2024-07-01 DOI: 10.1016/j.aglobe.2024.100094

Hui-Zheng Liu , Shi-Long Li , Kevin H. Zhang

{"title":"Trade liberalization and export performance in China: Export-margin approach with firm-level data in 1995–2019","authors":"Hui-Zheng Liu , Shi-Long Li , Kevin H. Zhang","doi":"10.1016/j.aglobe.2024.100094","DOIUrl":"10.1016/j.aglobe.2024.100094","url":null,"abstract":"<div><div>A key challenge facing developing countries is how to promote export performance through trade liberalization (TL). Using large and highly disaggregate firm-level data with 6-digit HS categories for 1995–2019, we investigate the issue for China based on the recent literature of export margins (XM). Export growth is decomposed into extensive and intensive margins (EM and IM), and IM further into price and quantity margins (PM and QM). We develop three empirical hypotheses based on a theoretical model that includes external economies of scale (EES) and industrial agglomeration (IA) as well as TL-XM links. Then we take China's entry to World Trade Organization (WTO) in 2001 as a quasi-natural experiment in difference-in-difference (DID) regressions. The estimate results suggest that TL increases both EM and IM (and QM) but reduces PM after China's entry to TWO in 2001. The finding is robust to various specifications of the empirical model and measurements of the variables. The further estimations show significantly positive effects of EES, IA, and their interactive terms with TL on EM, IM, and QM. The positive effects are larger for medium-tech industries than low-tech and high-tech industries.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"4 2","pages":"Article 100094"},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704992","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}

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The fourth industrial revolution: Implications for the global economy and for the strategic competition between the United States and China 第四次工业革命：对全球经济和中美战略竞争的影响

Asia and the Global Economy Pub Date : 2024-07-01 DOI: 10.1016/j.aglobe.2024.100097

Josef C. Brada , Jehoon Park

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Profiling the perceived resilience of young farmers in Japanese agriculture 剖析日本农业中青年农民的抗风险能力

Asia and the Global Economy Pub Date : 2024-07-01 DOI: 10.1016/j.aglobe.2024.100092

Yuna Seo, Naoto Shirasawa

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Economic growth and foreign direct investment in Asia: When investors imperfectly fulfil approved investment plans 亚洲的经济增长和外国直接投资：当投资者不完全履行已批准的投资计划时

Asia and the Global Economy Pub Date : 2024-07-01 DOI: 10.1016/j.aglobe.2024.100093

Abigail S. Hornstein

{"title":"Economic growth and foreign direct investment in Asia: When investors imperfectly fulfil approved investment plans","authors":"Abigail S. Hornstein","doi":"10.1016/j.aglobe.2024.100093","DOIUrl":"10.1016/j.aglobe.2024.100093","url":null,"abstract":"<div><div>Foreign direct investment (FDI) may represent an expansion in the domestic capital supply, which could thus increase GDP growth through the investment and consumption sectors and generate productivity increases. We examine this hypothesis by looking earlier in the investment process and use little-known data on FDI approvals from ten Asian countries that have routinely required advance approval of FDI and have also disclosed this data. We show that the approved FDI predicts actual FDI inflows, and that on average more FDI is approved than realized. The approved FDI is used to create an FDI commitment ratio and gap, which are thus absolute and relative measures of how FDI pledges are fulfilled. We then examine how the host economy is affected by the FDI commitment ratio and gap using an Arellano-Bond dynamic panel estimator to examine an unbalanced dataset spanning 1967–2022. We find GDP growth forecasts are significantly affected by both FDI measures. However, actual GDP growth is affected negatively by the FDI gap, with the effects strongest at the 3-year horizon. Thus, we show that FDI initially displaces domestic capital before expanding the domestic capital supply.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"4 2","pages":"Article 100093"},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704993","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}

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Local corruption and corporate investment in an emerging market 新兴市场的地方腐败与企业投资

Asia and the Global Economy Pub Date : 2024-07-01 DOI: 10.1016/j.aglobe.2024.100087

Thi Mai Nguyen, Quoc Trung Tran, Thi Thuy Trang Truong

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Geoeconomics of US-China tech rivalry and industrial policy 中美科技竞争的地缘经济学与产业政策

Asia and the Global Economy Pub Date : 2024-07-01 DOI: 10.1016/j.aglobe.2024.100098

Kevin Honglin Zhang

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":"4 2","pages":"Article 100081"},"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":"4 1","pages":"Article 100079"},"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