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Asian-Pacific Economic Literature最新文献

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Service sector agglomeration and industrial structure optimisation: evidence from China's resource-based cities 服务业集聚与产业结构优化：来自中国资源型城市的证据
IF 1.1 4区 经济学
Asian-Pacific Economic Literature Pub Date : 2024-05-30 DOI: 10.1111/apel.12414
Lei Nie, Yuanyuan Wang, Yanrui Wu
{"title":"Service sector agglomeration and industrial structure optimisation: evidence from China's resource-based cities","authors":"Lei Nie,&nbsp;Yuanyuan Wang,&nbsp;Yanrui Wu","doi":"10.1111/apel.12414","DOIUrl":"https://doi.org/10.1111/apel.12414","url":null,"abstract":"<p>This paper employs the system generalised method of moments approach and panel data of Chinese resource-based cities at the prefecture level for the period of 2003–2019 to investigate the effects of two types of service sector agglomeration on industrial structure dynamics. The results show that an increase in ‘specialised agglomeration’ of services would inhibit industrial structure rationalisation and upgrading. However, an increase in ‘diversified’ agglomeration of services promotes industrial structure upgrading though it also inhibits industrial structure rationalisation. Furthermore, it is also found that an increase in diversified agglomeration would inhibit industrial structure rationalisation in eastern cities and industrial structure upgrading in western cities but promote industrial structure rationalisation and upgrading in central cities. These insights suggest the importance of fostering the appropriate form of service sector agglomeration within resource-based cities. Leveraging the synergistic linkages between the service sector and other industries could enhance the industrial structure optimisation of resource-based urban economies.</p>","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 2","pages":"3-21"},"PeriodicalIF":1.1,"publicationDate":"2024-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/apel.12414","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142642488","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Land financialisation and housing prices: evidence from China 土地金融化与房价：来自中国的证据
IF 1.1 4区 经济学
Asian-Pacific Economic Literature Pub Date : 2024-05-25 DOI: 10.1111/apel.12419
Yinxin Su, Xiaofen Yu, Mingzhi Hu, Yuzhe Wu
{"title":"Land financialisation and housing prices: evidence from China","authors":"Yinxin Su,&nbsp;Xiaofen Yu,&nbsp;Mingzhi Hu,&nbsp;Yuzhe Wu","doi":"10.1111/apel.12419","DOIUrl":"https://doi.org/10.1111/apel.12419","url":null,"abstract":"<p>The issue of land financialisation has received considerable critical attention, with the literature focusing on the definition and process of land financialisation and its contribution to urban development. This paper draws upon the capitalist spatial production theory to explore how the ongoing financialisation process in the land market is related to the housing market. After controlling for observed city characteristics and unobserved city and year fixed effects, we find a positive correlation between land financialisation and housing prices. Furthermore, our results suggest that this positive effect is strengthened in tier-1 cities and when land transfer is fully marketised, but weakened when more affordable housing is available. Overall, this study contributes to the literature on land financialisation and housing prices by critically discussing the consequences of land financialisation on housing prices, providing new insights into the reasons for soaring housing prices, and enriching the knowledge of urban governance.</p>","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 2","pages":"56-74"},"PeriodicalIF":1.1,"publicationDate":"2024-05-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142642507","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Developing Asia's fiscal landscape and challenges 发展中亚洲的财政状况与挑战
IF 1 4区 经济学
Asian-Pacific Economic Literature Pub Date : 2024-04-22 DOI: 10.1111/apel.12412
Eugenia Go, Sam Hill, Maria Hanna Jaber, Yothin Jinjarak, Donghyun Park, Anton Ragos
{"title":"Developing Asia's fiscal landscape and challenges","authors":"Eugenia Go,&nbsp;Sam Hill,&nbsp;Maria Hanna Jaber,&nbsp;Yothin Jinjarak,&nbsp;Donghyun Park,&nbsp;Anton Ragos","doi":"10.1111/apel.12412","DOIUrl":"10.1111/apel.12412","url":null,"abstract":"<p>While tax revenues steadily rose in the decades prior to the onset of COVID-19, they continue to lag well behind high-income countries and some developing peers. The region continues to rely predominantly on indirect taxes, particularly relatively efficient consumption taxes. However, developing Asia's tax structure is less progressive compared to high-income countries. Government expenditures on education and health, vital for promoting equitable growth, were comparatively modest. Substantial fiscal policy stimulus in response to COVID-19, combined with the impact of the downturn on revenues, has severely weakened public finances in many countries. The combination of falling revenues and higher spending during COVID-19 has markedly widened deficits and caused a further rise in debt levels that were already rising. As the pandemic recedes, governments will need to carefully calibrate fiscal consolidation to safeguard fiscal sustainability while protecting the poor and vulnerable.</p>","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 1","pages":"225-258"},"PeriodicalIF":1.0,"publicationDate":"2024-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140677457","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Tourism-induced growth and quality of life: the Singapore story 旅游业引发的增长与生活质量：新加坡的故事
IF 1 4区 经济学
Asian-Pacific Economic Literature Pub Date : 2024-04-11 DOI: 10.1111/apel.12413
Sook Rei Tan, Jacob Wood, Haejin Jang, Caroline Wong, Changtai Li
{"title":"Tourism-induced growth and quality of life: the Singapore story","authors":"Sook Rei Tan,&nbsp;Jacob Wood,&nbsp;Haejin Jang,&nbsp;Caroline Wong,&nbsp;Changtai Li","doi":"10.1111/apel.12413","DOIUrl":"10.1111/apel.12413","url":null,"abstract":"<p>The influx of international tourists may affect the economic growth of destination countries by influencing the quality of life (QoL) of residents, the effects of which are unclear ex ante. Therefore, this study utilises the autoregressive distributed lag model to examine tourism-induced growth by taking into consideration the residents' QoL using Singapore as a case study. We also consider the factor of heterogeneous tourism demand by regions of origin in a market-based analysis using seemingly unrelated regression, motivated by the assumption that consumers from different markets differ widely over their preferences. This study seeks to contribute to an understanding of tourism as a source of sustainable economic development and as such provides important policy implications for practitioners and scholars alike.</p>","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 1","pages":"204-224"},"PeriodicalIF":1.0,"publicationDate":"2024-04-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140566746","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
An Unlikely Prisoner, Sean Turnell, Viking (Australia), 2023, p. 289. ISBN 978-1761342929 (paperback) 一个不可能的囚犯》，SeanTurnell 著，维京（澳大利亚）出版社，2023 年，第 289 页。ISBN 978-1761342929（平装本）
IF 1 4区 经济学
Asian-Pacific Economic Literature Pub Date : 2024-04-08 DOI: 10.1111/apel.12409
Adam McCarty
{"title":"An Unlikely Prisoner, Sean Turnell, Viking (Australia), 2023, p. 289. ISBN 978-1761342929 (paperback)","authors":"Adam McCarty","doi":"10.1111/apel.12409","DOIUrl":"10.1111/apel.12409","url":null,"abstract":"","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 1","pages":"264-265"},"PeriodicalIF":1.0,"publicationDate":"2024-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140567107","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Belt and Road Initiative and export variety: 1996–2019 一带一路 "倡议与出口品种：1996-2019 年
IF 1 4区 经济学
Asian-Pacific Economic Literature Pub Date : 2024-03-31 DOI: 10.1111/apel.12408
Yuxin Lu, Joanna Wolszczak-Derlacz
{"title":"The Belt and Road Initiative and export variety: 1996–2019","authors":"Yuxin Lu,&nbsp;Joanna Wolszczak-Derlacz","doi":"10.1111/apel.12408","DOIUrl":"10.1111/apel.12408","url":null,"abstract":"<p>This study examines the association between the Belt and Road Initiative (BRI) and export variety (EV). We propose three hypotheses on how BRI may foster export markets (destinations) or export product lines. The estimates are based on a dataset constructed specifically for this analysis, covering 183 countries and linked with trade data from 1996 to 2019. We apply the instrumental variable (IV) approach in regressions for covering the endogeneity. The results indicate that participation in BRI is negatively related to EV. Specifically, we find evidence that, on average, BRI participants have less EV (by product and by destination) and greater export concentration. As regards participation in the Asian Infrastructure Investment Bank and BRI meanwhile (AIIB_BRI and AIIB_MOU), the results show a more negative effect. And there are heterogeneous effects of BRI across different economies and sectors.</p>","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 1","pages":"171-203"},"PeriodicalIF":1.0,"publicationDate":"2024-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140567226","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Albert Winsemius and Singapore: Here it Is Going to Happen, Euston Quah, Luke Nursultan Iuldashov and Zach Lee, World Scientific Publishing Co Pte Ltd, Singapore 2022. Pp. xlvi + 965. ISBN 978 981 12 2965 7 阿尔伯特-温塞米斯与新加坡：它将在这里发生》，EustonQuah、Luke NursultanIuldashov 和 ZachLee，世界科学出版私人有限公司，新加坡，2022 年。第 xlvi + 965 页。国际标准书号 978 981 12 2965 7
IF 1 4区 经济学
Asian-Pacific Economic Literature Pub Date : 2024-03-28 DOI: 10.1111/apel.12410
Anne Booth
{"title":"Albert Winsemius and Singapore: Here it Is Going to Happen, Euston Quah, Luke Nursultan Iuldashov and Zach Lee, World Scientific Publishing Co Pte Ltd, Singapore 2022. Pp. xlvi + 965. ISBN 978 981 12 2965 7","authors":"Anne Booth","doi":"10.1111/apel.12410","DOIUrl":"10.1111/apel.12410","url":null,"abstract":"","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 1","pages":"259-261"},"PeriodicalIF":1.0,"publicationDate":"2024-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140372873","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Power and Progress: Our Thousand-Year Struggle over Technology and Prosperity, Daron Acemoglu and Simon Johnson, Basic Books, London, 2023. 546 pp. ISBN 13:978-1399804455 权力与进步：我们千年的技术与繁荣之争》，达龙-阿西莫格鲁和西蒙-约翰逊，基础书籍，伦敦，2023 年。546 pp.国际标准书号 13:978-1399804455
IF 1 4区 经济学
Asian-Pacific Economic Literature Pub Date : 2024-03-27 DOI: 10.1111/apel.12411
Neil Byron
{"title":"Power and Progress: Our Thousand-Year Struggle over Technology and Prosperity, Daron Acemoglu and Simon Johnson, Basic Books, London, 2023. 546 pp. ISBN 13:978-1399804455","authors":"Neil Byron","doi":"10.1111/apel.12411","DOIUrl":"10.1111/apel.12411","url":null,"abstract":"","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 1","pages":"261-264"},"PeriodicalIF":1.0,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140375374","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Heterogeneous trade effects of technical non-tariff measures: Vietnamese agricultural imports 技术性非关税措施的异质性贸易效应：越南农产品进口
IF 1 4区 经济学
Asian-Pacific Economic Literature Pub Date : 2024-03-26 DOI: 10.1111/apel.12406
Nguyen Bich Ngoc, Luu Hai Dang, Ngo Thi Tuyet Mai, Nguyen Thi Thuy Hong, Do Thi Huong, Tran Hoang Ha
{"title":"Heterogeneous trade effects of technical non-tariff measures: Vietnamese agricultural imports","authors":"Nguyen Bich Ngoc,&nbsp;Luu Hai Dang,&nbsp;Ngo Thi Tuyet Mai,&nbsp;Nguyen Thi Thuy Hong,&nbsp;Do Thi Huong,&nbsp;Tran Hoang Ha","doi":"10.1111/apel.12406","DOIUrl":"10.1111/apel.12406","url":null,"abstract":"<p>This study investigates the impact of technical non-tariff measures (NTMs), specifically technical barriers to trade (TBT) and sanitary and phytosanitary (SPS), of Vietnam on agricultural imports and the role of deep trade agreements. This issue has been primarily focused on advanced countries but rarely studied for developing countries. The estimates indicate that the impacts of technical NTMs on imports from least developed countries (LDCs) and non-LDCs are heterogeneous in terms of the measures' sophistication level. Simple technical NTMs, namely labelling, marking, and packaging requirements, increase agricultural imports from LDCs, while there is no significant impact on those from non-LDCs. Other categories of TBT and SPS NTMs impede imports from LDCs, while benefiting imports from non-LDCs. In addition, we found that deep trade agreements can ease the burdens of technical NTMs, but this is limited to imports from non-LDCs. The findings of this study can help policymakers in better regulating agricultural imports to prevent harmful imports with minimal impacts on the benefits from trade.</p>","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 1","pages":"131-144"},"PeriodicalIF":1.0,"publicationDate":"2024-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140380042","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Impact of non-tariff measures on the survival of China's fresh fruit exports 非关税措施对中国新鲜水果出口生存的影响
IF 1 4区 经济学
Asian-Pacific Economic Literature Pub Date : 2024-03-16 DOI: 10.1111/apel.12407
Shiguang Peng, Le Wang, Lei Xu
{"title":"Impact of non-tariff measures on the survival of China's fresh fruit exports","authors":"Shiguang Peng,&nbsp;Le Wang,&nbsp;Lei Xu","doi":"10.1111/apel.12407","DOIUrl":"10.1111/apel.12407","url":null,"abstract":"<p>Using data at the HS-6 product level, this study presents evidence on the export survival of China's fresh fruit during the period 2002–2019, and identifies the impact of non-tariff measures (NTMs) on the hazard rate of trade disruption. The results show that the average length of 2239 trade spells is 5.16 years. Notably, 67.04 per cent of these spells are no more than three years long, whereas only 7.95 per cent are more than 18 years long. Compared with major fruit-exporting countries, the trade spell distribution of China's fresh fruit exports lacks advantages. The hazard rate can reach 0.41 in the first year of export and is negatively duration dependent. The implementation of NTMs by importing countries has significantly increased the hazard rate. The positive effect of NTMs on the hazard rate is primarily driven by non-technical measures. Notably, technical barriers to trade measures decrease the export hazard rate of China's fresh fruits with comparative advantages, because these measures focus on product quality. Meanwhile, non-technical measures increase the export hazard rate of such fruits; this may be because of the possible shock on the relevant fruit industry in the destination market.</p>","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 1","pages":"145-170"},"PeriodicalIF":1.0,"publicationDate":"2024-03-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140236144","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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