Asian-Pacific Economic Literature最新文献

{"title":"Rural public investment and wage inequality under small-scale agriculture modernization","authors":"Dianshuang Wang,&nbsp;Luhan Ji,&nbsp;Zixin Hu,&nbsp;Lian Hu","doi":"10.1111/apel.12436","DOIUrl":"https://doi.org/10.1111/apel.12436","url":null,"abstract":"<p>Increasing rural public investment is crucial for sustainable rural development and can be an effective approach for reducing inequality. However, wage inequality has increased in some developing countries (e.g., China) after increasing fiscal support. This study explores how rural public investment influences skilled-unskilled wage inequality by incorporating agricultural modernization in small-scale agriculture. Agricultural modernization refers to introducing modern non-agricultural intermediate inputs in agriculture. Owing to the small scale of agriculture, an intermediate sector, the agricultural producer service sector, is required to facilitate this process. We establish a three-sector general equilibrium model with a two-layer vertical production structure and investigate the effects of increased public investment in rural areas on the wage inequality between skilled and unskilled labour. The theoretical results show that while more rural public investment raises the wages of both skilled and unskilled labour, it also increases wage inequality. Overall, this study explains why inequality widens as rural public investment increases.</p>","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"39 1","pages":"172-187"},"PeriodicalIF":1.1,"publicationDate":"2024-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143905363","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}

{"title":"State-owned equity participation and corporate green innovation: evidence from Chinese private enterprises","authors":"Qingzhen Deng,&nbsp;Liguang Zhang,&nbsp;Shasha Wang,&nbsp;Yunxiang Liao,&nbsp;Jiaqi Zeng","doi":"10.1111/apel.12435","DOIUrl":"https://doi.org/10.1111/apel.12435","url":null,"abstract":"<p>This study examines the influence of state-owned equity participation on green innovation in private enterprises. Using the data of China's A-share private listed companies between 2009 and 2021, the paper finds that state-owned equity participation has a positive impact on corporate green innovation and this finding remains consistent and dependable after conducting a series of robustness tests. In addition, this paper also uncovers that the impact of state-owned equity participation on corporate green innovation differed across regions, industries, and external corporate governance. The results show that the incentive impact of state-owned equity participation on green innovation is more pronounced in private enterprises with higher levels of intellectual property protection in the region where they are located, belonging to high-tech industries and with higher media attention. Further mechanism analysis reveals that state-owned equity participation enhances corporate green innovation by improving the fulfilment of corporate environmental responsibility and alleviating corporate financing constraints. Overall, this study enriches the research of green innovation influencing factors from the perspective of minority state-owned equity and can help to inspire governments to make full use of state-owned equity to promote the green transformation of private enterprises, thus contributing to the sustainable development of the global economy.</p>","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"39 1","pages":"152-171"},"PeriodicalIF":1.1,"publicationDate":"2024-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143905125","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}

{"title":"List of reviewers","authors":"","doi":"10.1111/apel.12433","DOIUrl":"https://doi.org/10.1111/apel.12433","url":null,"abstract":"","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 2","pages":"151-154"},"PeriodicalIF":1.1,"publicationDate":"2024-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142641325","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}

{"title":"After the Coup: Myanmar's Political and Humanitarian Crises , Anthony Ware and Monique Skidmore (eds.) ANU Press, Canberra, Australia, 2023, 348 pp. ISBN (Print): 9781760466138","authors":"Adam McCarty,&nbsp;Katie Brennan","doi":"10.1111/apel.12430","DOIUrl":"https://doi.org/10.1111/apel.12430","url":null,"abstract":"","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 2","pages":"146-149"},"PeriodicalIF":1.1,"publicationDate":"2024-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142642051","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}

{"title":"Shaping Long-Term Care in Emerging Asia: Policy and Country Experiences, Vasoontara S. Yiengprugsawan and John Piggott (eds), Routledge, London and New York, 2024, Pp. 137 + xxi ISBN 9780367674588 (hard back)","authors":"Philip O'Keefe","doi":"10.1111/apel.12431","DOIUrl":"https://doi.org/10.1111/apel.12431","url":null,"abstract":"","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 2","pages":"149-150"},"PeriodicalIF":1.1,"publicationDate":"2024-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142642191","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}

{"title":"Projecting the long-run impact of an economic reform: The case of the Indonesian Omnibus Law","authors":"Krisna Gupta,&nbsp;Arianto A. Patunru,&nbsp;Paul Gretton","doi":"10.1111/apel.12428","DOIUrl":"https://doi.org/10.1111/apel.12428","url":null,"abstract":"<p>Indonesia has been seeking to improve its investment climate. The most recent development in this process is the enactment of a ‘Job Creation Law’, which aims to achieve improvement in the investment climate through simplifying red tape, eliminating large numbers of overlapping regulations, and adopting a Risk-Based Assessment approach to business licensing. In parallel with this development, the Indonesian Government is pursuing an Import Substitution Strategy (ISS) to help preserve external balance while fostering local activity. In this paper, the recursive dynamic GDyn-FS model of the global economy is used to highlight the positive impacts of improving the investment climate, on national investment and trade over time, and the flow-on impacts to industries and households. On the other hand, the analysis indicates that the pursuit of an ISS, while possibly favouring protected activities, is likely to act as an ongoing drag on the wider economy.</p>","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"39 1","pages":"102-130"},"PeriodicalIF":1.1,"publicationDate":"2024-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/apel.12428","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143905198","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}

{"title":"The Coalitions Presidents Make: Presidential Power and Its Limits in Democratic Indonesia, Marcus Mietzner, Southeast Asia Program Publications, Cornell University Press, Ithaca, NY, 2023, Pp. 285 + xvii, ISBN 9781501772641 (Hardcover)","authors":"R. William Liddle","doi":"10.1111/apel.12432","DOIUrl":"https://doi.org/10.1111/apel.12432","url":null,"abstract":"<p>This book establishes Marcus Mietzner as the preeminent scholar of the democratic Indonesian presidency. Most individual chapters are masterpieces of analysis. They are based on a quarter century of research, extensive interviews from the presidents on down, thorough grasp of the scholarship, plus press coverage, including obscure media. Most originally, Mietzner asserts that the stability of Indonesia's two 10-year coalitional presidencies is causally related to Indonesia's widely observed democratic decline over the same period. ‘It substantiates the hypothesis that while coalitional presidentialism helps to explain Indonesian democracy's endurance, it also caused and sustained many of its defects’ (p. 30). The book's innovative causal argument, however, fails to persuade. This is partly because of sharp and in the end fatal differences in the behaviour of the two presidents he examines (the first obeyed the democratic constitution, the second systematically degraded it). Importantly, Mietzner also fails to understand the main drivers of the economy, which hobbles his ability to evaluate their economic policy successes and failures and the implications for democracy and modernity.</p><p>Coalitional presidencies in the comparative politics literature occur in democracies with presidential (as opposed to Parliamentary) governments and multi-party systems. To govern stably, minority presidents have to build majority coalitions. In Indonesia, Mietzner argues, presidents govern not just through the legislature, but also by adding other state and non-state actors to their coalitions. Their goal is to ‘fend off impeachment and allow for more effective governance’ (p. 24). Adding these actors, Mietzner claims, better explains the Indonesian case and broadens our theoretical understanding.</p><p>Mietzner begins by locating Presidents Susilo Bambang Yudhoyono (2004–2014) and Joko Widodo (2014–2024) in their historical and institutional contexts. Indonesia's first two presidents, founding father Sukarno (1945–1965) and Army General Suharto (1966–1998), were autocrats with complex legacies. Mietzner's account is balanced and authoritative. The first test of his theory is to determine whether Presidents Yudhoyono and Widodo did in fact govern this way. How did each engage state and non-state actors: parties, legislature, military, police, bureaucracy, local governments, oligarchs, and Muslim organisations? In each chapter, the power resources, formal and informal, of the other actor (such as the parties, legislature, military and so on) are addressed first, followed by those of the president, then the engagement between them, followed by an illustrative case study. In many of these chapters, Mietzner's brilliant analysis is miles ahead of previous studies.</p><p>On parties, a puzzle for analysts is why have both presidents created oversized party coalitions in parliament? Mietzner shows that Indonesian parties perform multiple functions that overlap with","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 2","pages":"140-144"},"PeriodicalIF":1.1,"publicationDate":"2024-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/apel.12432","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142642083","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}

{"title":"Fixing the Foundation—Teachers and Basic Education in East Asia and Pacific, Rythia Afkar, Tara Beteille, Mary E. Breeding, Toby Linden, Andrew E. Mason, Aaditya Mattoo, Tobias Pfutze, Lars M. Sondergaard, and Noah Yarrow, World Bank East Asia and Pacific Regional Report, Washington DC, 2023 Pp. 135, ISBN 978-1-4648-1904-9 (paper)","authors":"Anne Daly","doi":"10.1111/apel.12429","DOIUrl":"https://doi.org/10.1111/apel.12429","url":null,"abstract":"","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"38 2","pages":"145-146"},"PeriodicalIF":1.1,"publicationDate":"2024-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142642088","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}

{"title":"Do geographic distance, cultural distance, and political hazards equally matter for Japanese firms' outbound mergers and acquisitions? A firm- and deal-level empirical analysis","authors":"Yanwen Jiang,&nbsp;Mikiharu Noma","doi":"10.1111/apel.12423","DOIUrl":"https://doi.org/10.1111/apel.12423","url":null,"abstract":"<p>Several studies on cultural clusters classify Japan as independent, meaning that wherever Japanese firms go abroad, they must adapt to very different environments. This study examines how Japanese firms treat deterrent effects of geographic distance, cultural distance, and political hazards and whether the deterrent effects may vary with firm size, firm age, and ownership solution. Results using data on Japanese firms' outbound mergers and acquisitions (M&amp;A) from 2010 to 2019 reveal that (1) only the deterrent effect of geographic distance is absolute. (2) Larger firms with larger slack resources in their home country are less concerned about geographic distances and political hazards. (3) Older firms, exposed to typical practices and norms for a long time, are less adaptable to cultural distances. (4) The deterrent effect of geographic distance is weaker for complete control mode on the one hand, on the other hand, the moderating effect of complete control mode on political hazards hinges on firm size and age due to trade-offs between integration benefits and resource/experience constraints.</p>","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"39 1","pages":"3-33"},"PeriodicalIF":1.1,"publicationDate":"2024-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143905142","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}

{"title":"Exploring the effects of rules of origin and tariff margins on China's export enterprise under the China–Korea Free Trade Agreement","authors":"Yahui Qu,&nbsp;Hong'en Yang,&nbsp;Kedong Wu,&nbsp;Yongxiang Jiao","doi":"10.1111/apel.12426","DOIUrl":"https://doi.org/10.1111/apel.12426","url":null,"abstract":"<p>This study explores the effects of rules of origin (ROOs) and tariff margin on China's export enterprise using Poisson pseudo-maximum likelihood estimation and logit models with product-level data under the China–Korea Free Trade Agreement (CKFTA). The findings reveal that increased ROOs have a negative effect on export value and enterprises' CKFTA use, while tariff margin is positively associated with export value. The estimation results examining export value also demonstrate that the effect of ROO is larger than that of tariff margin (in absolute terms); however, those concerning CKFTA use are the opposite. The study proposes suggestions for reducing enterprises' costs to promote trade and economic development between China and South Korea under the CKFTA based on the results.</p>","PeriodicalId":44776,"journal":{"name":"Asian-Pacific Economic Literature","volume":"39 1","pages":"65-85"},"PeriodicalIF":1.1,"publicationDate":"2024-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/apel.12426","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143905303","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}