Asia and the Global Economy最新文献_第4页

Identification with dominant ethnic groups and attitudes towards government redistribution in Southeast Asia 东南亚对主导族群的认同与对政府再分配的态度

Asia and the Global Economy Pub Date : 2024-07-01 Epub Date: 2024-12-03 DOI: 10.1016/j.aglobe.2024.100095

Joseph J. Capuno

引用次数: 0

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 Epub Date: 2024-06-28 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":"4 2","pages":"Article 100085"},"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

Does automation really reduce jobs? 自动化真的会减少工作岗位吗？

Asia and the Global Economy Pub Date : 2024-07-01 Epub Date: 2024-11-23 DOI: 10.1016/j.aglobe.2024.100099

Zheng Fang , Soon Hock Kang , Sandra Myo Han May

引用次数: 0

The Marshall-Lerner Condition: Stability of an Equilibrium or a System? 马歇尔-勒纳条件：平衡的稳定性还是系统的稳定性？

Asia and the Global Economy Pub Date : 2024-07-01 Epub Date: 2024-12-02 DOI: 10.1016/j.aglobe.2024.100091

Hiroya Akiba

{"title":"The Marshall-Lerner Condition: Stability of an Equilibrium or a System?","authors":"Hiroya Akiba","doi":"10.1016/j.aglobe.2024.100091","DOIUrl":"10.1016/j.aglobe.2024.100091","url":null,"abstract":"<div><div>This article examines the Marshall-Lerner (ML) condition from a broader perspective. Mundell (1968) regarded ML as the stability condition of the equilibrium, but not of the system. The violation of the ML condition by Japan's estimates is interpreted as a possible symptom of a negative exchange rate depreciation spiral in Thorbecke (2022). By constructing an open-economy macroeconomic model with three endogenous variables in three markets, and solving the model for the exchange rate, we examined the model's stability. Stability depends not only on the ML condition, but also on the configuration of the model's parameters. This implies that the ML condition alone is not responsible for the stability/instability of the model. Using the ML parameter estimated by Thorbecke (2022) and previously obtained money market parameters for the Japanese economy, we found that a simple model satisfies the necessary and sufficient conditions for stability. However, for an extended model, some cases fail to satisfy stability conditions. We further investigate the possible cause of this failure, and suggest that the Bank of Japan's (BOJ) unconventional monetary policies implemented after the economic bubble burst may be responsible.</div></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"4 2","pages":"Article 100091"},"PeriodicalIF":0.0,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142759407","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

Cooperation or conflict in northeast Asia? - An approach of NARCI (Northeast Asia Regional Cooperation Index) 东北亚的合作还是冲突？- 东北亚区域合作指数（NARCI）的研究方法

Asia and the Global Economy Pub Date : 2024-07-01 Epub Date: 2024-11-25 DOI: 10.1016/j.aglobe.2024.100089

Jiyoung Moon , Jehoon Park , Sunghoon Park

引用次数: 0

The impact of economic policy uncertainty on agricultural prices: Evidence from China 经济政策不确定性对农产品价格的影响：来自中国的证据

Asia and the Global Economy Pub Date : 2024-07-01 Epub Date: 2024-12-06 DOI: 10.1016/j.aglobe.2024.100100

Li Hao, Lee Ki-Seong

引用次数: 0

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 Epub Date: 2024-11-21 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}

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 Epub Date: 2024-11-01 DOI: 10.1016/j.aglobe.2024.100086

Willem Thorbecke

引用次数: 0

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 Epub Date: 2024-11-29 DOI: 10.1016/j.aglobe.2024.100097

Josef C. Brada , Jehoon Park

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 : 2024-07-01 Epub 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":"2024-07-01","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