Asian Economic Journal最新文献_第10页

Gender Difference in Returns to Education Independent of Gender Wage Gap in Korea* 韩国教育回报的性别差异与性别工资差距无关*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-08-11 DOI: 10.1111/asej.12209

Jaeram Lee, Jungjoon Ihm

{"title":"Gender Difference in Returns to Education Independent of Gender Wage Gap in Korea*","authors":"Jaeram Lee, Jungjoon Ihm","doi":"10.1111/asej.12209","DOIUrl":"10.1111/asej.12209","url":null,"abstract":"This study examined the difference between male and female groups’ return on investment (ROI) in education independent of the average gender wage gap. Women’s additional ROI in education was significant and positively estimated. Furthermore, the ROI in women’s education was consistently higher than that in men regardless of educational stage, except for graduate education. These gender differences were greater in the younger generation than in the older generation and have decreased significantly in the recent ten years in high school education. Although the additional ROI in women’s education was positive in the field of culture and arts, education’s effect on wage increases in professional occupations was less than in men, especially in the fields of law and medicine. In addition, we show that gender differences in ROI in education were countercyclical. A base effect, large wage declines for low-educated women during recessions, could explain this phenomenon. However, coinciding with the existence of positive cash flow news in the stock market that promises good business performance, a significant wage increase among highly educated women was found.","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"34 2","pages":"213-232"},"PeriodicalIF":1.3,"publicationDate":"2020-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/asej.12209","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48828448","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: 6

Economic Effect of Zoning Regulations on Korea's Small and Medium-Sized Retailers* 区域管制对韩国中小零售商的经济影响*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-08-11 DOI: 10.1111/asej.12208

Hahn Shik Lee, Jinhwa Chung, Woohyoung Kim

{"title":"Economic Effect of Zoning Regulations on Korea's Small and Medium-Sized Retailers*","authors":"Hahn Shik Lee, Jinhwa Chung, Woohyoung Kim","doi":"10.1111/asej.12208","DOIUrl":"10.1111/asej.12208","url":null,"abstract":"In this paper, we investigated the economic effects of zoning regulations on the retail industry in Korea. We estimated the changes in the number of sales for retail stores using a panel regression analysis for stores in traditional markets. This analysis was conducted to examine the benefit of zoning regulations on retail stores. Our results show that the zoning regulations (called Traditional Commercial Activity Protection Zones) have contributed to an improvement in the actual business performance of small independent retailers. We found that the amount of sales for each store clearly increased on average in the areas designated as Traditional Commercial Activity Protection Zones where there was no market entry of mega supermarket chains (called SSM in Korea). We also present evidence that the effects of this policy differ geographically: the effects were stronger for small and medium cities than for large metropolitan cities. These results suggest that zoning regulations enacted by the government to protect traditional markets and small retailers should also consider regional differences when assessing policy effectiveness.","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"34 2","pages":"185-211"},"PeriodicalIF":1.3,"publicationDate":"2020-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/asej.12208","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42954329","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

Private Equity Characteristics, Corporate Governance and Firm Value: Empirical Evidence from Small and Medium-sized Enterprises* 私募股权特征、公司治理与企业价值:来自中小企业的经验证据*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-08-11 DOI: 10.1111/asej.12207

Li Jiujin, Rakesh Gupta, Li Haihong, Shao Qiang

引用次数: 1

Fiscal Sustainability of Local Governments in Japan† 日本地方政府财政可持续性研究*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-08-11 DOI: 10.1111/asej.12210

Motonori Yoshida

引用次数: 3

Professor Yasuhiko Torii: An Obituary 鸟井康彦教授:讣告

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-08-11 DOI: 10.1111/asej.12215

Yutaka Akiyama, Hal Hill, Shin-ichi Ichimura, Akira Kohsaka, Shujiro Urata

引用次数: 0

Postponement of EAEA17 Conference: Call for Papers and Preliminary Information EAEA17会议延期:征集论文和初步资料

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-08-11 DOI: 10.1111/asej.12216

引用次数: 0

Pandemic (COVID-19) Policy, Regional Cooperation and the Emerging Global Production Network† 大流行(COVID - 19)政策、区域合作与新兴全球生产网络†

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-06-09 DOI: 10.1111/asej.12198

Fukunari Kimura, Shandre Mugan Thangavelu, Dionisius Narjoko, Christopher Findlay

{"title":"Pandemic (COVID-19) Policy, Regional Cooperation and the Emerging Global Production Network†","authors":"Fukunari Kimura, Shandre Mugan Thangavelu, Dionisius Narjoko, Christopher Findlay","doi":"10.1111/asej.12198","DOIUrl":"10.1111/asej.12198","url":null,"abstract":"In this paper, we explore the possible policy responses to the COVID-19 pandemic shock as well as the related economic (financial crisis) shocks on trade and global value chains (GVC) in East Asia. We find that regional policy coordination is critical to mitigate and isolate the pandemic shock. It is important to identify the pandemic events early to flatten the pandemic curve at the national and regional level. This supports a recent study by the World Bank (2020), which highlights the importance of early mitigation policies during the pandemic shock. The cost of the pandemic and economic shocks will increase significantly when several countries in the region experience the pandemic shock concurrently. In this case, flattening the regional pandemic curve becomes important. The results also indicate the need for greater coordination in East Asia to mitigate the pending economic shock in terms of unemployment, corporate bankruptcy and financial market fragility. The paper also highlights that the stability of the GVC network is critical during the pandemic in terms of hedging the risk of disruptions to the procurement of critical medical and health products as well as maintaining service linkages to manufacturing, such as the logistics sector. Regional policy coordination and the stability of GVC will be valuable in the post-pandemic recovery of the region.","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"34 1","pages":"3-27"},"PeriodicalIF":1.3,"publicationDate":"2020-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/asej.12198","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42816983","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: 66

Price-Setting Behavior of Korean Firms† 韩国企业定价行为研究[j]

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-06-09 DOI: 10.1111/asej.12197

SungJu Song, Myung-Soo Yie, Chang-Gui Park

{"title":"Price-Setting Behavior of Korean Firms†","authors":"SungJu Song, Myung-Soo Yie, Chang-Gui Park","doi":"10.1111/asej.12197","DOIUrl":"10.1111/asej.12197","url":null,"abstract":"This paper investigates a pattern of price revision by firms in Korea and sheds light on the cause of price stickiness by providing reliable statistical estimates for calibration of the parameters of the widely-used macro-models. Based on firm-level survey data and using a probit model, we identify the firm characteristics or market conditions that discourage firms from carrying out state-dependent price adjustment. We also estimate the factors driving firms to engage in state-dependent adjustment rather than wait until the next scheduled revision under three different shocks: demand, general cost and exchange rate shocks. We find a few interesting features, as follows. First, price revision by Korean firms tends to be time-dependent rather than state-dependent, with a sizable dispersion across sectors and firm sizes. Second, the pattern of price revision in Korea is not significantly different from that in selected advanced economies. Third, the reason why firms favor time-dependent price adjustments appears to be endogenous, accounted for by a number of market institution variables. Fourth, in response to shocks, Korean firms tend to wait until the next periodically scheduled revision rather than make a state-dependent price adjustment, unless marginal costs are affected significantly by the shock, and state-dependent revisions are often significantly delayed when they do occur.","PeriodicalId":45838,"journal":{"name":"Asian Economic Journal","volume":"34 1","pages":"97-120"},"PeriodicalIF":1.3,"publicationDate":"2020-06-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/asej.12197","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43973138","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

Zombie Firms and Soft Budget Constraints in the Chinese Stock Market* 僵尸企业与中国股市的软预算约束*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-06-09 DOI: 10.1111/asej.12194

Chenyan Zhang, Yongqiao Chen, Huiyu Zhou

引用次数: 14

Consumers' Valuation of Geographical Indication-Labeled Food: The Case of Hom Mali Rice in Bangkok* 消费者对地理标志食品的评价:以曼谷的香米为例*

IF 1.3 4区经济学

Asian Economic Journal Pub Date : 2020-06-09 DOI: 10.1111/asej.12196

Ji Yong Lee, Noppawong Pavasopon, Orachos Napasintuwong, Rodolfo M. Nayga Jr

引用次数: 9