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Does global value chain participation improve firm productivity? A study of selected ASEAN developing countries 全球价值链参与是否能提高企业生产力？东盟选定发展中国家研究
IF 1.3 4区 经济学
Asian Economic Journal Pub Date : 2023-09-13 DOI: 10.1111/asej.12304
Youngmin Baek, Shujiro Urata
{"title":"Does global value chain participation improve firm productivity? A study of selected ASEAN developing countries","authors":"Youngmin Baek,&nbsp;Shujiro Urata","doi":"10.1111/asej.12304","DOIUrl":"https://doi.org/10.1111/asej.12304","url":null,"abstract":"<p>This paper examines the impact of local firms’ participation in global value chains (GVCs) on productivity by considering three different patterns of GVC participation. We conducted a DID-PSM estimation involving three countries, Indonesia, the Philippines, and Vietnam, and 17 manufacturing sectors in 2009 and 2015 in a panel framework. We found an endogenous relationship between firm productivity and GVC participation: firms that enter GVCs have high productivity before participating in the GVCs (selection effect), and only Indonesian firms that entered GVCs had high productivity growth after joining GVCs (learning effect). These two effects were only found for firms that both import intermediate goods and export output and not for firms that only either import or export. We also found that indirect exporting does not improve a local firm's productivity. Several recommendations are made to help firms and governments facilitate the participation of firms in GVCs.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"37 2","pages":"232-260"},"PeriodicalIF":1.3,"publicationDate":"2023-09-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50140903","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
How do changes in household economic conditions affect cognitive function? 家庭经济条件的变化如何影响认知功能?
IF 1.3 4区 经济学
Asian Economic Journal Pub Date : 2023-08-06 DOI: 10.1111/asej.12302
Yumi Ishikawa
{"title":"How do changes in household economic conditions affect cognitive function?","authors":"Yumi Ishikawa","doi":"10.1111/asej.12302","DOIUrl":"10.1111/asej.12302","url":null,"abstract":"<p>This study examines the effects of changes in household economic conditions on cognitive function using individual panel data from the National Survey of the Japanese Elderly. This study captures the objective and subjective economic conditions and examines which aspects of economic conditions affect cognitive function. The results demonstrate that deterioration in economic conditions damages cognitive function. In particular, objective economic conditions measured by income affect the cognitive function of Japanese men. This study also assesses possible pathways through which economic conditions affect cognitive function.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"37 2","pages":"190-209"},"PeriodicalIF":1.3,"publicationDate":"2023-08-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43578190","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
Birth order and intergenerational income mobility in Japan: Is the first-born child different? 日本的出生顺序和代际收入流动：第一个孩子不同吗？
IF 1.3 4区 经济学
Asian Economic Journal Pub Date : 2023-08-02 DOI: 10.1111/asej.12303
Zhi-xiao Jia
{"title":"Birth order and intergenerational income mobility in Japan: Is the first-born child different?","authors":"Zhi-xiao Jia","doi":"10.1111/asej.12303","DOIUrl":"10.1111/asej.12303","url":null,"abstract":"<p>This study examines how birth order affects intergenerational income mobility (IGM) in Japan, focusing on the difference in IGM between firstborn and later-born children. The elasticities of sons’ income with respect to fathers’ income are separately estimated for sons who are firstborn and sons who are later born by family size using a two-sample, two-stage least squares approach. For sons born in 1926–1981, this study finds that in families with four or more children, intergenerational income elasticity (IGE) for firstborn sons is substantially and significantly higher than that for later-born sons. However, no significant birth order effects are found in households with two or three children.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"37 2","pages":"210-231"},"PeriodicalIF":1.3,"publicationDate":"2023-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41783524","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
Effect of grandchildren on the happiness of grandparents: Does the grandparent's child's gender matter? 孙辈对祖父母幸福感的影响：祖父母子女的性别重要吗？
IF 1.3 4区 经济学
Asian Economic Journal Pub Date : 2023-07-24 DOI: 10.1111/asej.12300
Eiji Yamamura, Giorgio Brunello
{"title":"Effect of grandchildren on the happiness of grandparents: Does the grandparent's child's gender matter?","authors":"Eiji Yamamura,&nbsp;Giorgio Brunello","doi":"10.1111/asej.12300","DOIUrl":"https://doi.org/10.1111/asej.12300","url":null,"abstract":"<p>Using a representative sample from Japan and a difference-in-differences strategy, we investigate whether the effect of having grandchildren on the happiness of grandparents varies with the gender of their (own) single child. In line with our expectations, we find that maternal grandmothers have more to lose or less to gain from having grandchildren than paternal grandmothers. In contrast, grandfathers’ changes in happiness do not depend on their own child's gender. This result is explained by the fact that grandmothers are more likely to be involved in childrearing when their daughter has a child.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"37 2","pages":"149-163"},"PeriodicalIF":1.3,"publicationDate":"2023-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50142958","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
Real exchange rate misalignment and business cycle fluctuations in the Asia-Pacific 亚太地区实际汇率失调和商业周期波动
IF 1.3 4区 经济学
Asian Economic Journal Pub Date : 2023-07-24 DOI: 10.1111/asej.12301
Dessie Ambaw, Madhavi Pundit, Arief Ramayandi, Nicholas Sim
{"title":"Real exchange rate misalignment and business cycle fluctuations in the Asia-Pacific","authors":"Dessie Ambaw,&nbsp;Madhavi Pundit,&nbsp;Arief Ramayandi,&nbsp;Nicholas Sim","doi":"10.1111/asej.12301","DOIUrl":"10.1111/asej.12301","url":null,"abstract":"<p>Real exchange rate (RER) misalignment, which is the deviation between the actual real exchange rate from its equilibrium, occurs frequently among developing countries. Studies have shown that RER misalignment may have negative economic implications, such as a decline in economic growth, exports, and export diversification and an increased risk of currency crises and political instability. Using quarterly data for 22 sample countries from 1990 to 2018, this paper investigates the impact of RER misalignment on business cycles in the Asia-Pacific by employing a panel vector autoregression involving consumer price index (CPI) inflation, output gap, short-term interest rates, and RER misalignment. We find that RER overvaluation may reduce CPI inflation and short-term interest rates. We also find that the Asia-Pacific region is highly heterogeneous in that the output gaps of some countries, particularly from the Southeast Asian region, are more susceptible to RER misalignment shocks.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"37 2","pages":"164-189"},"PeriodicalIF":1.3,"publicationDate":"2023-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46383660","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
Distributional Effects of Freedom and Income on Life Satisfaction: Evidence from East Asian Chinese Societies 自由和收入对生活满意度的分配效应——来自东亚华人社会的证据
IF 1.3 4区 经济学
Asian Economic Journal Pub Date : 2023-04-16 DOI: 10.1111/asej.12291
Hock-Eam Lim, Daigee Shaw, Le-Yu Chen, Pei-Shan Liao
{"title":"Distributional Effects of Freedom and Income on Life Satisfaction: Evidence from East Asian Chinese Societies","authors":"Hock-Eam Lim,&nbsp;Daigee Shaw,&nbsp;Le-Yu Chen,&nbsp;Pei-Shan Liao","doi":"10.1111/asej.12291","DOIUrl":"10.1111/asej.12291","url":null,"abstract":"<p>We estimate the distributional effects of freedom and income on life satisfaction (LS) for East Asian Chinese societies through an ordinal parametric quantile regression approach. The results show that freedom and income exhibit positive and mostly significant effects across societies and LS levels. The freedom effects generally become larger for those at higher LS quantiles. However, the income effects decline as the LS quantile level increases. Thus, one may have a trade-off between freedom and income without compromising individual LS. The trade-off of freedom (income) for income (freedom) is more pronounced for people at a lower (higher) LS level.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"37 1","pages":"113-143"},"PeriodicalIF":1.3,"publicationDate":"2023-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46289274","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
Firm size-specific trade effects of regional trade agreements: Estimating extensive and intensive margins of trade 企业规模-区域贸易协定的特定贸易效应:估计粗放型和集约型贸易边际
IF 1.3 4区 经济学
Asian Economic Journal Pub Date : 2023-04-14 DOI: 10.1111/asej.12290
Soonchan Park, Innwon Park
{"title":"Firm size-specific trade effects of regional trade agreements: Estimating extensive and intensive margins of trade","authors":"Soonchan Park,&nbsp;Innwon Park","doi":"10.1111/asej.12290","DOIUrl":"10.1111/asej.12290","url":null,"abstract":"<p>We estimate the impacts of Korean firms’ participation in regional trade agreements (RTAs) on the extensive and intensive export margins by identifying exporting firms based on their firm size—small and medium-sized enterprises (SMEs) and large enterprises (LEs) at the 5 399 HS six-digit commodity level—and specifying characteristics of RTAs from 2004 to 2015. We apply the EK Tobit estimation technique to control zero trade and the OLS estimation with importer-product and time fixed effects to alleviate the endogeneity problem. We find that firm size, product type, and depth of RTA significantly matter. Specifically, we find that deeper RTAs with larger, developing, and closer members significantly enhance the export creation effects of SMEs and LEs. Regarding the firm size-specific effects, we find that SMEs are less sensitive to exploiting RTA participation but more sensitive to the import market size, bilateral and relative trade costs, and the RTA characteristics. LEs’ export creation is mainly driven by the intensive margin, while SMEs’ export creation is driven by extensive and intensive margins (slightly more by the extensive margin). For the product-specific effects, we find that Korea's major exportable products such as chemicals, basic metals, motor vehicles, and transport equipment generate significantly strong export creation effects for both LEs and SMEs through their participation in RTAs.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"37 1","pages":"82-112"},"PeriodicalIF":1.3,"publicationDate":"2023-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44232634","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
Disparity in high school enrollment between native and immigrant children in Japan 日本本地和移民儿童高中入学率的差异
IF 1.3 4区 经济学
Asian Economic Journal Pub Date : 2023-04-13 DOI: 10.1111/asej.12288
Risa Hagiwara, Yang Liu
{"title":"Disparity in high school enrollment between native and immigrant children in Japan","authors":"Risa Hagiwara,&nbsp;Yang Liu","doi":"10.1111/asej.12288","DOIUrl":"10.1111/asej.12288","url":null,"abstract":"<p>Using nonlinear decomposition, this study examines the gap in high school enrollment between native and immigrant children based on data from the 2010 Population Census. The school attendance probability of immigrant children is significantly lower than that of native children. Factors contributing to the gap are the length of stay in Japan, parental employment status, and home ownership. The total explained part of all observable factors is approximately 30% in the comparison between native and immigrant children whose parents are both foreigners. Furthermore, immigrant children who do not attend high school are more likely to be unemployed.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"37 1","pages":"25-50"},"PeriodicalIF":1.3,"publicationDate":"2023-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/asej.12288","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42157200","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
Rebuilding or refurbishing: Heterogeneity effects of urban renewal strategy 重建或翻新:城市更新策略的异质性效应
IF 1.3 4区 经济学
Asian Economic Journal Pub Date : 2023-03-29 DOI: 10.1111/asej.12289
Fan Zhang, Xiuyan Liu, Songlin Li
{"title":"Rebuilding or refurbishing: Heterogeneity effects of urban renewal strategy","authors":"Fan Zhang,&nbsp;Xiuyan Liu,&nbsp;Songlin Li","doi":"10.1111/asej.12289","DOIUrl":"10.1111/asej.12289","url":null,"abstract":"<p>This study investigates the heterogeneous policy effects of urban renewal strategies in shantytown renewal in Beijing. Using the spatial difference-in-difference approach, this study identifies the renewal approaches for each shantytown to analyze how each strategy affects housing prices and population density within the policy target area and surrounding area. The empirical results suggest that current urban renewal actions in Beijing have not achieved the expected policy goals and imply significant heterogeneity between refurbishing and rebuilding shantytowns in improving building value. Rebuilding projects have positive renewal effects and externalities, driving housing prices to increase by 5.86%–7.25% within the shantytown and a 1-km radius. Furthermore, the dynamic analysis shows that these impacts are prolonged, with housing prices maintaining an upward trend for 2–6 years after rebuilding. However, there is no causality between refurbishing dilapidated areas and increasing building values.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"37 1","pages":"51-81"},"PeriodicalIF":1.3,"publicationDate":"2023-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47703344","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
Effect of Korean trade union on wage discrimination between regular and irregular workers 韩国工会对正职和非正规职工资歧视的影响
IF 1.3 4区 经济学
Asian Economic Journal Pub Date : 2023-03-23 DOI: 10.1111/asej.12287
Myounghwan Kim, Giseung Kim
{"title":"Effect of Korean trade union on wage discrimination between regular and irregular workers","authors":"Myounghwan Kim,&nbsp;Giseung Kim","doi":"10.1111/asej.12287","DOIUrl":"10.1111/asej.12287","url":null,"abstract":"<p>Whether the dual labor market structure implied by employment type and unionization causes wage discrimination is an intriguing and relevant policy question in the context of South Korea. This study examines the effect of trade unions on wage discrimination against irregular workers by extracting and comparing the ratios of the discriminatory wage gap by employment type between unionized and non-unionized workplaces. As per the analysis, all generalized decomposition frameworks show that the presence of trade unions expands discrimination regardless of the employment type. In addition, the effects of unionization on the degree of discrimination differ by factors characterized by the dual labor market. The effects are statistically significantly greater for women, youth, service industries, and white-collar jobs.</p>","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"37 1","pages":"3-24"},"PeriodicalIF":1.3,"publicationDate":"2023-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45752967","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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