Global Journal of Emerging Market Economies最新文献_第5页

Trade Competition Between ASEAN, China, and India: The Post-trade War and COVID-19 Scenario 东盟、中国和印度之间的贸易竞争：贸易后战争与新冠肺炎情景

Global Journal of Emerging Market Economies Pub Date : 2022-01-21 DOI: 10.1177/09749101211073376

Atsuyuki Kato

{"title":"Trade Competition Between ASEAN, China, and India: The Post-trade War and COVID-19 Scenario","authors":"Atsuyuki Kato","doi":"10.1177/09749101211073376","DOIUrl":"https://doi.org/10.1177/09749101211073376","url":null,"abstract":"This study examines the exports of large developing economies; such as Association of South-East Asian Nations (ASEAN), China, and India, and discusses the post-trade war and COVID-19 scenario. Applying an export sophistication index to their trade data, we investigate the export structure of these economies. In addition, using regression analysis, we examine the resilience of their skill and technology-intensive manufacturing exports to exchange rate and demand shocks. The estimated export sophistication index detects that China’s export sophistication has not always been a step ahead in comparison to ASEAN countries and India, which contrasts with China’s remarkable export growth. Our panel DOLS estimation reveals that their manufacturing exports are highly responsive to demand shocks, although the effects of bilateral exchange rate changes vary across product groups. An appreciation of the competitors’ currencies possibly encourages their manufacturing exports. In addition, our estimation reveals that China possibly mitigates the negative effects of the trade war and COVID-19 with its advantage in the global value chains as a contributor of value-added. These results have some implications for the effects of decoupling China and the USA because of their trade war and COVID-19 situation.","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"14 1","pages":"163 - 184"},"PeriodicalIF":0.0,"publicationDate":"2022-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49281271","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

Does Tourism Affect Sustainable Development in MINT Countries? 旅游业是否影响MINT国家的可持续发展?

Global Journal of Emerging Market Economies Pub Date : 2022-01-11 DOI: 10.1177/09749101211064388

T. Osinubi, A. Adedoyin, Osinubi Olufemi, F. Ajide

{"title":"Does Tourism Affect Sustainable Development in MINT Countries?","authors":"T. Osinubi, A. Adedoyin, Osinubi Olufemi, F. Ajide","doi":"10.1177/09749101211064388","DOIUrl":"https://doi.org/10.1177/09749101211064388","url":null,"abstract":"Following the failure to achieve Millennium Development Goals by most countries in the world, Sustainable Development Goals are now at the center of developmental issues. Consequently, this study aims to examine if tourism can be an ally to sustainable development in MINT (Mexico, Indonesia, Nigeria, Turkey) countries between 1995 and 2018. The study uses adjusted net saving and international tourism receipts in these countries as measures of sustainable development and tourism, respectively. In achieving its objectives, the study employs the augmented mean group (AMG) estimation technique to estimate the long-run parameters. Besides, mean group (MG) and common correlated effects MG techniques are employed to check the robustness of the estimates obtained via the AMG approach. The results from the three estimators show that tourism is indeed an ally to sustainable development in MINT countries since there is a significant positive relationship between tourism and sustainable development. In other words, tourism can put the MINT countries on the path to sustainable development. This implies that any policy that will enhance the performance of the tourism industry will ensure sustainable development in MINT countries. Thus, the governments of MINT countries should focus basically on achieving sustainable tourism development, as this will translate to sustainable development in their countries.","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"15 1","pages":"72 - 92"},"PeriodicalIF":0.0,"publicationDate":"2022-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"65375018","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: 5

Military Economy and Economic Growth: Bidirectional Effects in Transition Economies of Eurasia 军事经济与经济增长:欧亚经济转型中的双向效应

Global Journal of Emerging Market Economies Pub Date : 2022-01-11 DOI: 10.1177/09749101211067296

K. Rudy

{"title":"Military Economy and Economic Growth: Bidirectional Effects in Transition Economies of Eurasia","authors":"K. Rudy","doi":"10.1177/09749101211067296","DOIUrl":"https://doi.org/10.1177/09749101211067296","url":null,"abstract":"Recently, the worrisome rise of military economy in Eurasian transition economies has raised concerns on what is behind this trend and what are its economic consequences. Based on the evidence from 26 Eurasian countries selected into two subgroups “Russia+10” and “15 Central and Eastern European” (CEE) countries over the period from 1991 to 2019, this article focuses on the military economy overview in this region and demonstrates the result of panel data estimations of bidirectional relation between military economy indicators and economic growth. The study shows that in “Russia+10,” military expenditures to GDP and to government spending have a positive effect on growth, and economic growth has a negative influence on these two indicators. Moreover, armed forces to labor forces have a positive bidirectional relation with economic growth in “Russia+10.” For the samples of “15 CEE” and all Eurasian countries, there are not always statistically significant results to offer clear conclusion on bidirectional effects between military expenditures to GDP and to budget expenses and economic growth. Armed forces to labor forces show a positive effect on growth in Eurasia and “15 CEE” countries.","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"14 1","pages":"285 - 300"},"PeriodicalIF":0.0,"publicationDate":"2022-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45715741","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: 4

Credit Constraints and Increased Firm-Level Production Fragmentation: Evidence from India 信贷约束和企业层面生产碎片化的增加:来自印度的证据

Global Journal of Emerging Market Economies Pub Date : 2022-01-10 DOI: 10.1177/09749101211067722

D. Ghosh, Meghna Dutta

{"title":"Credit Constraints and Increased Firm-Level Production Fragmentation: Evidence from India","authors":"D. Ghosh, Meghna Dutta","doi":"10.1177/09749101211067722","DOIUrl":"https://doi.org/10.1177/09749101211067722","url":null,"abstract":"Previous studies have underlined various rationales for production fragmentation from wage differentials, decreased trade costs, access to specialized skills and resources, access to new markets, and benevolent government policies, to technological advancement. However, the idea that a firm’s financing structure can influence its production structure remains less explored, more so empirically. Firms that are financially constrained find it difficult to complete the entire production process in-house and therefore tend to resort to production fragmentation. The current study investigates this link between the extent of credit constraints faced by firms and their outsourcing behavior using data from Indian manufacturing firms over a period of ten years. We also separately study this linkage for firms that tend to export more vis-à-vis firms that export less, to ascertain if increased exporting have relaxed the financial constraint of the firms. The results confirm the positive effect of credit constraints on outsourcing behavior. For a robustness check, subsample regressions and alternative measures of constraints are also analyzed. The study has important policy implications for developing countries such as India, where outsourcing may prove to be a profitable reorganization strategy for firms that are financially constrained.","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"15 1","pages":"93 - 108"},"PeriodicalIF":0.0,"publicationDate":"2022-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44903348","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: 2

The Use of Digitalization (ICTs) in Achieving Sustainable Development Goals 利用数字化实现可持续发展目标

Global Journal of Emerging Market Economies Pub Date : 2022-01-10 DOI: 10.1177/09749101211067295

S. Vyas-Doorgapersad

{"title":"The Use of Digitalization (ICTs) in Achieving Sustainable Development Goals","authors":"S. Vyas-Doorgapersad","doi":"10.1177/09749101211067295","DOIUrl":"https://doi.org/10.1177/09749101211067295","url":null,"abstract":"The article examines the use of information and communication technologies (ICT) in achieving sustainable development goals (SDGs). This link is conceptually and contextually analyzed in the global context whereby scholarly opinions and research works are discussed to substantiate the role that ICT can play in achieving SDGs. The article further examines the link in South Africa, using the country as a locus of the study. The article aims to find answers to the following research questions: How is ICT linked to all 17 SDGs? To what extent this link may accelerate SDGs’ implementation? What is the impact of ICT on accelerating SDGs? What are the challenges hampering the efficient utilization of ICT for SDGs’ implementation? The article uses a qualitative approach with desktop analysis to draw significant information. In addition, unobtrusive methods were applied, such as conceptual analysis and document analysis, to draw conclusions based on the findings. The findings confirm that despite ICT policies and infrastructure, the use and impact of ICT on SDGs is not always high. The article suggests that improvements are required at policy, institutional, department and individual levels. The suggestions can be applicable globally, based on the technological advancement and socio-economic development in country-specific contexts.","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"14 1","pages":"265 - 278"},"PeriodicalIF":0.0,"publicationDate":"2022-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41938907","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: 16

Determinants of Foreign Direct Investment in Indonesia 印尼外国直接投资的决定因素

Global Journal of Emerging Market Economies Pub Date : 2022-01-10 DOI: 10.1177/09749101211067856

Barli Suryanta, A. Patunru

引用次数: 0

Dynamics of Information Acquisition: Does Investment in Information Technology Matter? 信息获取动力学:信息技术投资重要吗?

Global Journal of Emerging Market Economies Pub Date : 2022-01-09 DOI: 10.1177/09749101211062284

Y. A. Arabyat, O. Aziz

引用次数: 0

The Impacts of Population Aging on China’s Economy 人口老龄化对中国经济的影响

Global Journal of Emerging Market Economies Pub Date : 2022-01-06 DOI: 10.1177/09749101211067079

Y. Hsu, Hiroshi Yoshida, Fengming Chen

{"title":"The Impacts of Population Aging on China’s Economy","authors":"Y. Hsu, Hiroshi Yoshida, Fengming Chen","doi":"10.1177/09749101211067079","DOIUrl":"https://doi.org/10.1177/09749101211067079","url":null,"abstract":"The Chinese economy had an extraordinary average GDP growth rate of 8.50 percent from 1980 to 2018. However, the implementation of one-child policy in the late 1970s has depressed the total fertility rate to below the replacement rate since 1992. China thus experienced an increasing composition of older populations in the past three decades, which puts pressure on Chinese economic growth and makes its eye-catching economic growth potentially unsustainable. This study develops an overlapping generations (OLG) model to investigate the impacts of this demographic transition in the Chinese economy. This study conducts six policy reform exercises to examine measures that could improve the sustainability of fiscal and pension systems. The simulation results indicate that a mild tax increase on either wage income or consumption does not improve the fiscal stance but creates distortionary effects on saving and consumption behaviors. Of the pension reform measures considered, the combination of extending the mandatory retirement age and cutting the replacement ratio offers the most significant improvement to pension sustainability. However, increasing the contribution rate of the working-age population has the least effect on pension sustainability and a noticeable distortionary effect on the consumption ratio and saving rate.","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41742605","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: 3

External Shocks and Their Transmission Channels in Nigeria: A Dynamic Stochastic General Equilibrium Approach 尼日利亚的外部冲击及其传导渠道:动态随机一般均衡方法

Global Journal of Emerging Market Economies Pub Date : 2022-01-06 DOI: 10.1177/09749101211067311

T. Ojeyinka, D. Yinusa

{"title":"External Shocks and Their Transmission Channels in Nigeria: A Dynamic Stochastic General Equilibrium Approach","authors":"T. Ojeyinka, D. Yinusa","doi":"10.1177/09749101211067311","DOIUrl":"https://doi.org/10.1177/09749101211067311","url":null,"abstract":"The study examines the sources of external shocks and investigates their transmission channels in Nigeria using the trade-weighted variables from the country’s five top trading partners. Based on the assumption of the small open economy model, the study adopts the New Keynesian Dynamic Stochastic General Equilibrium Model on quarterly data between 1981 and 2018 using the Bayesian estimation technique. Findings from the study reveal that external shocks have a temporary and short-lived effect on the Nigerian economy. In addition, the article shows that oil price, foreign output, and foreign inflation shock have positive impacts on output gap and inflation, while the impact of foreign interest rate shock on the output gap and inflation is negative and not significant. The study also reveals that external shocks collectively explain 86% and 39%of total fluctuations in the output gap and inflation, respectively. Lastly, the study finds that external shocks transmit to the Nigerian economy via different channels. The study, therefore, concludes that terms of trade and exchange rate channels are the dominant transmitters of external shocks in Nigeria. Based on the findings from the study, important policy implications are highlighted.","PeriodicalId":37512,"journal":{"name":"Global Journal of Emerging Market Economies","volume":"15 1","pages":"132 - 153"},"PeriodicalIF":0.0,"publicationDate":"2022-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48141210","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: 1

Do Trade and Poverty Cause Each Other? Evidence from BRICS 贸易和贫困是互为因果的吗？金砖国家的证据

Global Journal of Emerging Market Economies Pub Date : 2022-01-04 DOI: 10.1177/09749101211067076

M. N. Rahman, Nida Rahman, A. Turay, Munir Hassan

引用次数: 1