Asia and the Global Economy最新文献_第5页

Seizing opportunities: ASEAN country cluster readiness in light of the fourth industrial revolution 把握机遇:第四次工业革命下的东盟国家集群准备

Asia and the Global Economy Pub Date : 2022-01-01 DOI: 10.1016/j.aglobe.2021.100021

Patricia Enzmann, Matteo Moesli

引用次数: 5

China's transition to a digital currency does it threaten dollarization? 中国向数字货币的转型会威胁到美元化吗?

Asia and the Global Economy Pub Date : 2022-01-01 DOI: 10.1016/j.aglobe.2021.100023

Ahmet Faruk Aysan , Farrukh Nawaz Kayani

引用次数: 0

The role of regional formal institutions in China's OFDI location choice and firm performance - The moderation roles of international experience and foreign capital utilization 区域正规制度在中国对外直接投资区位选择和企业绩效中的作用——国际经验和外资利用的调节作用

Asia and the Global Economy Pub Date : 2022-01-01 DOI: 10.1016/j.aglobe.2022.100029

Yi Qu , Andrzej Cieślik , Runze Zhang , Shuo Zhao , Nannan Ban

{"title":"The role of regional formal institutions in China's OFDI location choice and firm performance - The moderation roles of international experience and foreign capital utilization","authors":"Yi Qu , Andrzej Cieślik , Runze Zhang , Shuo Zhao , Nannan Ban","doi":"10.1016/j.aglobe.2022.100029","DOIUrl":"https://doi.org/10.1016/j.aglobe.2022.100029","url":null,"abstract":"<div><p>Based on the micro data of Chinese enterprises, this paper examines the effects of regional formal institutional environment in China on the location choice and firm performance of Chinese OFDI, and discusses the roles played by international experience and the foreign capital usage. The results show that regional formal institutional environment of China significantly and positively affects the location choice and performance of Chinese OFDI. Moreover, different regional formal institutions have varied effects. In particular, institutional factors represented by the ‘government and market relationship’, ‘product market’ and ‘factor market’ development play the key role. It is also found that actual FDI utilization and firms’ international experience play positive and significant moderation roles in the institutional effect on China's OFDI, but such moderation effects are constrained to ‘intermediary organizations and legal environment’ as the institutional factor only. Therefore, the policy of improving regional institutional quality can have a positive effect on OFDI and corporate performance.</p></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"2 1","pages":"Article 100029"},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667111522000068/pdfft?md5=4d1ce93d1b5ec83d6377b56c8d0147b1&pid=1-s2.0-S2667111522000068-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137191460","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

Benefitting from Investment Abroad? Evidence from Indian Manufacturing 从海外投资中获益?来自印度制造业的证据

Asia and the Global Economy Pub Date : 2022-01-01 DOI: 10.1016/j.aglobe.2021.100022

Isha Chawla

{"title":"Benefitting from Investment Abroad? Evidence from Indian Manufacturing","authors":"Isha Chawla","doi":"10.1016/j.aglobe.2021.100022","DOIUrl":"10.1016/j.aglobe.2021.100022","url":null,"abstract":"<div><p>This paper studies the relationship between outward foreign direct investment (OFDI) and domestic performance for Indian firms utilizing propensity score matching combined with a difference-in-differences specification. We find modest effects on total factor productivity (TFP), but complementary effects on exporting and sales. Multiple sources of heterogeneity in treatment effects are considered. Taking the foreign investment decision as one that may differ in intensity, continuous treatment based on dose (OFDI intensity)-response (TFP growth, sales growth, export intensity) functions shows an inverted U-shaped relationship complementing previous exports-performance literature. Export intensity shows a robust relationship in which performance rises relative to a dose of zero, within a range of OFDI intensity. As the foreign involvement of Indian firms is still very low, there appears to be a considerable interval over which OFDI can favorably impact home effects. OFDI policy should support the benefits of outward investment, focusing on firms with small OFDI positions</p></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"2 1","pages":"Article 100022"},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667111521000220/pdfft?md5=052f7185aafb87d228d66ebea5b48a3f&pid=1-s2.0-S2667111521000220-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91223087","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: 2

Why Europe looks so much like China: Big government and low income inequalities 为什么欧洲看起来如此像中国:大政府和低收入不平等

Asia and the Global Economy Pub Date : 2022-01-01 DOI: 10.1016/j.aglobe.2022.100024

Vladimir Popov

{"title":"Why Europe looks so much like China: Big government and low income inequalities","authors":"Vladimir Popov","doi":"10.1016/j.aglobe.2022.100024","DOIUrl":"https://doi.org/10.1016/j.aglobe.2022.100024","url":null,"abstract":"<div><p>One view in the literature is that the East Asian economic model is superior to other models in the Global South (i.e. in the developing world), at least in terms of catch-up development and possibly even in innovations beyond the technological frontier. Unlike economic models in Latin America and Sub-Saharan Africa, the East Asian model prioritizes community interests of the work collective, the neighbourhood, the nation-state, and all of humanity over those of individuals, possibly limiting some human rights for the greater benefit of all. Crucial features of the East Asian economic model include relatively low income and wealth inequalities, strong state institutional capacity. The origins of the East Asian economic model can be traced to different trajectories of the development of the Global South since the 16th century.This paper argues that European economic model and the East Asian model have a lot in common. After controlling for the country size and the level of development, it turns out that government consumption as a share of GDP is relatively high in both models, whereas income inequalities are relatively low.</p></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"2 1","pages":"Article 100024"},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667111522000019/pdfft?md5=4da539605d976457c4a1df5a3ea38785&pid=1-s2.0-S2667111522000019-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137191175","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

Japan's export specialization in 2000–2020 2000-2020年日本出口专业化

Asia and the Global Economy Pub Date : 2021-07-01 DOI: 10.1016/j.aglobe.2021.100014

Zoia S. Podoba , Victor A. Gorshkov , Anastasiya A. Ozerova

{"title":"Japan's export specialization in 2000–2020","authors":"Zoia S. Podoba , Victor A. Gorshkov , Anastasiya A. Ozerova","doi":"10.1016/j.aglobe.2021.100014","DOIUrl":"10.1016/j.aglobe.2021.100014","url":null,"abstract":"<div><p>By empirically examining the commodity structure of Japan's exports in 2000–2020, the authors have identified product groups with increased, diminished, newly emerged, and lost revealed comparative advantages (RCA). In 2020, Japan had RCA in 24 product groups with relatively high levels of product complexity and thus managed to maintain its highly diversified trade portfolio. However, increasing global competition poses potential risks to Japan's exports. Eight product groups with diminished and two product groups with lost RCA are signs of Japan's unsuccessful adaptation to the structural changes on the world markets. The newly emerged RCA, predominantly in the chemicals and allied industries, still mostly have lower index values in comparison to major trade partners, however, their contribution to Japan's exports is likely to expand. To enhance its comparative advantages, Japan should foster innovation which may positively affect national competitiveness but this depends on how the country will adapt to domestic and global challenges.</p></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"1 2","pages":"Article 100014"},"PeriodicalIF":0.0,"publicationDate":"2021-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667111521000141/pdfft?md5=f11a629d3d2738688cb2a1621e843358&pid=1-s2.0-S2667111521000141-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76574680","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: 1

China's rise and its implications for International Relations and Northeast Asia 中国崛起及其对国际关系和东北亚的影响

Asia and the Global Economy Pub Date : 2021-07-01 DOI: 10.1016/j.aglobe.2021.100016

Gerard Roland

引用次数: 1

Convergence to the global frontier in South East Asia and CESEE: The role of external and internal anchors and their interactions 东南亚和CESEE的全球前沿趋同:外部和内部锚的作用及其相互作用

Asia and the Global Economy Pub Date : 2021-01-01 DOI: 10.1016/j.aglobe.2021.100005

István P. Székely

引用次数: 0

Win-win? Assessing the global impact of the Chinese economy 双赢?评估中国经济对全球的影响

Asia and the Global Economy Pub Date : 2021-01-01 DOI: 10.1016/j.aglobe.2021.100006

Risto Herrala , Fabrice Orlandi

引用次数: 3

How the coronavirus crisis is affecting the Korean economy: Evidence from the stock market 新冠疫情对韩国经济的影响:来自股市的证据

Asia and the Global Economy Pub Date : 2021-01-01 DOI: 10.1016/j.aglobe.2021.100004

Willem Thorbecke

引用次数: 3