Asia and the Global Economy最新文献_第7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

Economic impact of the Corona pandemic: Costs and the recovery after the crisis 冠状病毒大流行的经济影响:成本和危机后的复苏

Asia and the Global Economy Pub Date : 2022-01-01 DOI: 10.1016/j.aglobe.2022.100030

Christian Dreger

引用次数: 7

Investigating how exchange rates affected the Japanese economy after the advent of Abenomics 调查安倍经济学出现后汇率对日本经济的影响

Asia and the Global Economy Pub Date : 2022-01-01 DOI: 10.1016/j.aglobe.2022.100028

Willem Thorbecke

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

Patterns of network trade: A comparison between East Asia and European union 网络贸易模式:东亚与欧盟的比较

Asia and the Global Economy Pub Date : 2021-07-01 DOI: 10.1016/j.aglobe.2021.100011

Son Thanh Nguyen , Yanrui Wu

引用次数: 2

How would a slowdown in the People's Republic of China affect its trading partners? 中国经济放缓将如何影响其贸易伙伴?

Asia and the Global Economy Pub Date : 2021-07-01 DOI: 10.1016/j.aglobe.2021.100015

Willem Thorbecke , Atsuyuki Kato

{"title":"How would a slowdown in the People's Republic of China affect its trading partners?","authors":"Willem Thorbecke , Atsuyuki Kato","doi":"10.1016/j.aglobe.2021.100015","DOIUrl":"https://doi.org/10.1016/j.aglobe.2021.100015","url":null,"abstract":"<div><p>The People's Republic of China (PRC) has become an important importer for many countries. This paper investigates how turbulence in the PRC can spill over to trading partners through the trade channel. Exports from several East and Southeast Asian countries to the PRC exceed 10% of their GDPs. To shed light on countries’ exposures to the PRC, this paper estimates a gravity model. The results indicate that Taipei, China and the Association of Southeast Asian Nations are exposed to the PRC because they produce goods for the Chinese market and exposed to advanced economies because they ship parts and components to the PRC for processing and re-export to the West. South Korea is more exposed to a slowdown in advanced economies that purchase processed exports from the PRC than to a slowdown in the PRC. Major commodity exporters such as Australia, Brazil, Indonesia, and Saudi Arabia and exporters of sophisticated consumption and capital goods such as Germany and Switzerland are exposed to a slowdown in the Chinese domestic market. This paper also estimates import elasticities for the PRC. The results indicate that imports for processing into the PRC are closely linked to processed exports from China to the rest of the world and that ordinary imports are closely linked to Chinese GDP. The renminbi exerts only a weak impact on imports, however. The paper concludes by recommending that firms and countries diversify their export base and their trading partners to reduce their exposures to the PRC and to advanced economies.</p></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":"1 2","pages":"Article 100015"},"PeriodicalIF":0.0,"publicationDate":"2021-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667111521000153/pdfft?md5=0c69a946e149cbafed57dc1862a5f1b0&pid=1-s2.0-S2667111521000153-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136900256","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