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Beyond financial hardships: Exploring the effects of unemployment and low wages on psychological health in India 超越经济困难：探索失业和低工资对印度心理健康的影响
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-10-11 DOI: 10.1016/j.aglobe.2025.100118
Swapnanil SenGupta
{"title":"Beyond financial hardships: Exploring the effects of unemployment and low wages on psychological health in India","authors":"Swapnanil SenGupta","doi":"10.1016/j.aglobe.2025.100118","DOIUrl":"10.1016/j.aglobe.2025.100118","url":null,"abstract":"<div><div>This paper examines the effects of unemployment and low wages on mental health in India. The analysis applies cross-sectional data from the Longitudinal Ageing Study in India (LASI), 2017–18. Seven different indicators of psychological distress are used. The relationships are estimated using the ordered polytomous logistic regression technique. Controlling for several individual characteristics, unemployed individuals are found to suffer higher odds of mental distress. Low wages increase the likelihood of higher life dissatisfaction levels. Compared to low-wage and out-of-labour-force individuals, unemployed individuals are at a higher risk of suffering psychological issues, implying that individuals do not voluntarily select unemployment over a low-paid job. The results also suggest that men are more affected by unemployment and low wages than women. These findings are largely similar to studies in Britain and Germany. In addition, the age group of 20–45, followed by 46–55, seems to be the most vulnerable to labour market outcomes.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100118"},"PeriodicalIF":1.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145265209","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
Are deep trade agreements a solution for Asia? 深度贸易协定是亚洲的解决方案吗？
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-11-27 DOI: 10.1016/j.aglobe.2025.100127
Zdenek Drabek
{"title":"Are deep trade agreements a solution for Asia?","authors":"Zdenek Drabek","doi":"10.1016/j.aglobe.2025.100127","DOIUrl":"10.1016/j.aglobe.2025.100127","url":null,"abstract":"<div><div>The current crisis in the international trading system has led many to ask whether Asia can succeed where the WTO has failed. The purpose of this paper is to discuss the possibility of stronger regional trade ties as a result of the turmoil in the WTO. It is argued that, given its size and heterogeneity, Asia is unlikely to succeed in deepening trade relations as a continent, but it could succeed with a well selected and targeted group of countries.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100127"},"PeriodicalIF":1.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145623298","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
Analysis of the impacts of financial development on green growth: How does institutional quality matter? 金融发展对绿色增长的影响分析：制度质量如何起作用？
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-08-25 DOI: 10.1016/j.aglobe.2025.100111
Ngoc Toan Bui , Thu-Trang Thi Doan
{"title":"Analysis of the impacts of financial development on green growth: How does institutional quality matter?","authors":"Ngoc Toan Bui ,&nbsp;Thu-Trang Thi Doan","doi":"10.1016/j.aglobe.2025.100111","DOIUrl":"10.1016/j.aglobe.2025.100111","url":null,"abstract":"<div><div>This study examines the impact of financial development on green growth in ASEAN-6 countries, offering empirical insights relevant to ongoing efforts toward sustainable economic development. A key contribution of the study is its focus on the moderating role of institutional quality in this relationship, which remains underexplored in the existing literature. Using both Generalized Method of Moments (GMM) and Bayesian regression, the study ensures robustness in its findings. The results show that financial development positively influences green growth, regardless of the measurement approach used. More importantly, institutional quality significantly amplifies this effect. Notably, the moderating role of institutional quality is stronger for financial markets than for financial institutions, marking a novel finding of this study. Therefore, the research not only contributes to the current literature by clarifying the moderating role of institutional quality but also distinguishes between the impacts of financial market development and financial institution development on green growth.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100111"},"PeriodicalIF":1.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144895092","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
How does digital capability translate into export performance?: The critical mediating role of GVC upgrading 数字能力如何转化为出口绩效？：全球价值链升级的关键中介作用
IF 1.5
Asia and the Global Economy Pub Date : 2025-12-01 Epub Date: 2025-09-30 DOI: 10.1016/j.aglobe.2025.100116
Segu Oh , Seonggwuen Hwang
{"title":"How does digital capability translate into export performance?: The critical mediating role of GVC upgrading","authors":"Segu Oh ,&nbsp;Seonggwuen Hwang","doi":"10.1016/j.aglobe.2025.100116","DOIUrl":"10.1016/j.aglobe.2025.100116","url":null,"abstract":"<div><div>The Fourth Industrial Revolution is reshaping global value chains (GVCs), creating new strategic imperatives for export-oriented small and medium-sized enterprises (SMEs). This study elucidates how technology adoption translates into enhanced export performance for Korean SMEs. Drawing on survey data from 131 Korean export SMEs, we test a comprehensive model using Partial Least Squares Structural Equation Modelling (PLS-SEM). The findings reveal a sequential pathway: Fourth Industrial Revolution technology adoption significantly enhances firms' 'Digital Trade Capability,' which drives 'GVC Upgrading' across products, processes, and functions. Crucially, Digital Trade Capability has no direct effect on Export Performance, with its impact being fully mediated by GVC Upgrading—the single most powerful predictor of export success. This indicates that for SMEs, mere possession of digital capabilities is insufficient; these capabilities must be strategically leveraged to actively upgrade the firm's GVC position. Our findings provide critical insights for managers navigating digital transformation and policymakers shaping industrial strategy.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 2","pages":"Article 100116"},"PeriodicalIF":1.5,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145219110","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
A two-year assessment of the IRA's subsidies to the electric vehicles in the US: Uptake and assembly plants for batteries and EVs 对美国政府对电动汽车补贴的两年评估：电池和电动汽车的吸收和组装工厂
Asia and the Global Economy Pub Date : 2025-06-01 Epub Date: 2024-12-18 DOI: 10.1016/j.aglobe.2024.100102
Sandrine Levasseur
{"title":"A two-year assessment of the IRA's subsidies to the electric vehicles in the US: Uptake and assembly plants for batteries and EVs","authors":"Sandrine Levasseur","doi":"10.1016/j.aglobe.2024.100102","DOIUrl":"10.1016/j.aglobe.2024.100102","url":null,"abstract":"<div><div>In this paper, we assess electric vehicle (EV) tax credits in the US Inflation Reduction Act (IRA), the largest significant action in favour of climate change in US history. We find that the provisions of the IRA have so far done little to increase the uptake of EVs by US households, accounting at best for 10 % of monthly new light vehicle sales since the IRA was passed. This is well below most <em>ex-ante</em> estimates of EV uptake under the legislation. In contrast, the IRA has triggered EV battery plant projects in the United States, reinforcing the move by automakers to secure their supply chain since the Covid crisis. In total, current and projected GWh capacity would allow 17.0 million EVs to be powered annually by 2030, compared to the 1.2 million EVs sold in 2023. Thus, to date, the IRA has created a potentially huge imbalance between supply and demand in the US EV market. We also document the strategies followed by automakers to capture EV market share in the United States, with a focus on whether they are incumbents or startups, and whether they are based in allied countries.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 1","pages":"Article 100102"},"PeriodicalIF":0.0,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143177360","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
Turning back the clock: The changing nature of North Korean food insecurity 时钟倒转：朝鲜粮食不安全的变化性质
Asia and the Global Economy Pub Date : 2025-06-01 Epub Date: 2025-03-06 DOI: 10.1016/j.aglobe.2025.100107
Marcus Noland
{"title":"Turning back the clock: The changing nature of North Korean food insecurity","authors":"Marcus Noland","doi":"10.1016/j.aglobe.2025.100107","DOIUrl":"10.1016/j.aglobe.2025.100107","url":null,"abstract":"<div><div>Over the past several years, North Korea has adopted legal changes that are increasing the centrality of the Workers Party of Korea and the state in agricultural production, distribution, and consumption. This development changes the basic nature of food insecurity in North Korea from one in which access to food is determined by the ability to purchase it in the market to one in which access to food is determined by political status. This development is of potential policy relevance: Although current conditions do not appear to be severe, if and when North Korea experiences another food crisis, foreign partners are likely to encounter a state-dominated model resembling the system that existed in the early 1990s at the onset of the famine and with it the attendant problems that humanitarian-relief agencies confronted at that time.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 1","pages":"Article 100107"},"PeriodicalIF":0.0,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143548274","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
The Belt and Road Initiative and Partnership for Global Infrastructure and Investment: Comparison and current status “一带一路”倡议与全球基础设施与投资伙伴关系：比较与现状
Asia and the Global Economy Pub Date : 2025-06-01 Epub Date: 2025-02-13 DOI: 10.1016/j.aglobe.2025.100106
Mykyta Simonov
{"title":"The Belt and Road Initiative and Partnership for Global Infrastructure and Investment: Comparison and current status","authors":"Mykyta Simonov","doi":"10.1016/j.aglobe.2025.100106","DOIUrl":"10.1016/j.aglobe.2025.100106","url":null,"abstract":"<div><div>The last decade has witnessed the development and implementation of two major infrastructure initiatives: China’s Belt and Road Initiative (BRI) and the Partnership for Global Infrastructure and Investment (PGII) by the United States and the G7 countries. The escalating political confrontation between China and the United States made these initiatives crucial for strengthening their geopolitical positions and economic dominance. This paper examines the impact of BRI on competitive strategies of the United States and its partners in response to China’s growing influence, thereby enhancing the understanding of contemporary political and economic dynamics. Key factors supporting the thesis of increasing competition and confrontation are considered, demonstrating that U.S. leadership leverages its infrastructure initiatives to oppose and constrain China’s influence at both the foreign policy and economic levels. Our analysis identifies factors directly influencing the development of these initiatives and compares the principles of BRI and PGII to objectively evaluate their effectiveness.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"5 1","pages":"Article 100106"},"PeriodicalIF":0.0,"publicationDate":"2025-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143396055","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
Guest editor's introduction 特邀编辑导言
Asia and the Global Economy Pub Date : 2024-07-01 Epub Date: 2024-11-23 DOI: 10.1016/j.aglobe.2024.100088
Byung-yeon Kim
{"title":"Guest editor's introduction","authors":"Byung-yeon Kim","doi":"10.1016/j.aglobe.2024.100088","DOIUrl":"10.1016/j.aglobe.2024.100088","url":null,"abstract":"","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"4 2","pages":"Article 100088"},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704987","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
The impact of the Global Minimum Tax on Vietnam's foreign direct investment attraction 全球最低税对越南吸引外国直接投资的影响
Asia and the Global Economy Pub Date : 2024-07-01 Epub Date: 2024-11-21 DOI: 10.1016/j.aglobe.2024.100090
Le Quoc Hoi , Nguyen Thi Hoai Thu , Nguyen Xuan Hung , Phung Tu Uyen , Tran Thu Huong , Trinh Thi Huyen Minh , Hoang Thi Phuong Anh
{"title":"The impact of the Global Minimum Tax on Vietnam's foreign direct investment attraction","authors":"Le Quoc Hoi ,&nbsp;Nguyen Thi Hoai Thu ,&nbsp;Nguyen Xuan Hung ,&nbsp;Phung Tu Uyen ,&nbsp;Tran Thu Huong ,&nbsp;Trinh Thi Huyen Minh ,&nbsp;Hoang Thi Phuong Anh","doi":"10.1016/j.aglobe.2024.100090","DOIUrl":"10.1016/j.aglobe.2024.100090","url":null,"abstract":"<div><div>This study assesses the impact of the Global Minimum Tax (GMT) on the attraction of foreign direct investment (FDI) in Vietnam. The authors rely on the analytical framework of UNCTAD (2022) and descriptive statistical methods to analyze and evaluate the impact of GMT on FDI attraction. The research findings indicate that the implementation of GMT will affect tax competitiveness, profit shifting, investment location, and investment scale in various degrees and directions. In particular, GMT may create conflicts between current tax laws and GMT rules, leading to inconsistencies and difficulties in enforcing tax regulations. Vietnam will have to compete with other countries in asserting tax jurisdiction over investment activities on its territory. GMT may negatively affect FDI inflows into Vietnam in sectors with a high tax elasticity to investments. Vietnam may be forced to move away from competition for attracting FDI solely based on corporate income tax and shift to new forms of competition. Based on these findings, the paper proposes several recommendations for the Vietnamese government to refine policies related to GMT.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"4 2","pages":"Article 100090"},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704991","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
Impact of COVID-19 and border closures on North Korean markets: A comparison with international prices COVID-19 和边境关闭对朝鲜市场的影响：与国际价格的比较
Asia and the Global Economy Pub Date : 2024-07-01 Epub Date: 2024-11-26 DOI: 10.1016/j.aglobe.2024.100096
Seungho Jung , Dawool Kim , Kyoochul Kim
{"title":"Impact of COVID-19 and border closures on North Korean markets: A comparison with international prices","authors":"Seungho Jung ,&nbsp;Dawool Kim ,&nbsp;Kyoochul Kim","doi":"10.1016/j.aglobe.2024.100096","DOIUrl":"10.1016/j.aglobe.2024.100096","url":null,"abstract":"<div><div>This study examines the impact of COVID-19 and border closures on North Korean markets by comparing the prices of key goods—rice, gasoline, diesel, and exchange rates—with those in the Chinese and global markets. By analyzing market price data, we assess North Korea's economic connectivity to international markets, particularly through China, and how pandemic-induced disruptions affected this linkage. Empirical results reveal that North Korean market prices for these goods generally maintain a long-term equilibrium relationship with international and Chinese prices, although the COVID-19 period disrupted this relationship. These findings suggest that North Korea's macroeconomic stability, especially price levels, is influenced by external factors through its economic ties with China.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"4 2","pages":"Article 100096"},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704997","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
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