Pacific Economic Review最新文献_第7页

Macroeconomic effects of COVID‐19: A mid‐term review* 2019冠状病毒病的宏观经济影响：中期回顾*

IF 1.5 4区经济学

Pacific Economic Review Pub Date : 2021-09-05 DOI: 10.1111/1468-0106.12372

Phurichai Rungcharoenkitkul

引用次数: 16

Immigration and inequality: Analysis of Mainland Chinese spouses during the early stages of their time in Taiwan 移民与不平等：台湾早期中国大陆配偶的分析

IF 1.5 4区经济学

Pacific Economic Review Pub Date : 2021-08-28 DOI: 10.1111/1468-0106.12373

Wehn‐Jyuan Tsai

引用次数: 0

The effects of COVID‐19 containment measures on the Asia‐Pacific region 2019冠状病毒病控制措施对亚太地区的影响

IF 1.5 4区经济学

Pacific Economic Review Pub Date : 2021-08-21 DOI: 10.1111/1468-0106.12369

D. Furceri, Siddharth Kothari, Longmei Zhang

{"title":"The effects of COVID‐19 containment measures on the Asia‐Pacific region","authors":"D. Furceri, Siddharth Kothari, Longmei Zhang","doi":"10.1111/1468-0106.12369","DOIUrl":"https://doi.org/10.1111/1468-0106.12369","url":null,"abstract":"Abstract As the COVID‐19 pandemic spread across the world, governments introduced significant containment measures to control the spread of the virus. In this paper, we leverage inputs from IMF desk economists to construct a novel narrative index of containment measures for 11 countries in the Asia‐Pacific region. A key innovation in our index is that it distinguishes between economic sectors (services, industry, retail), thus providing a more granular view of restrictions related to economic activity. Using this index, along with other high‐frequency data, we find that containment measures have been successful in reducing the spread of the virus (though with some heterogeneity) but have also been associated with large short‐term economic costs. Furthermore, exploiting the granularity of our index, we find that differences in strategies across countries regarding the closing of the industrial sector have mattered: imposing less severe restrictions on industry has been associated with lower economic costs without leading to worse health outcomes, possibly reflecting the less contact intensive nature of industrial activity.","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":"26 1","pages":"469 - 497"},"PeriodicalIF":1.5,"publicationDate":"2021-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/1468-0106.12369","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47308037","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: 8

COVID‐19, asset markets and capital flows COVID - 19，资产市场和资本流动

IF 1.5 4区经济学

Pacific Economic Review Pub Date : 2021-08-11 DOI: 10.1111/1468-0106.12368

J. Beirne, Nuobu Renzhi, E. Sugandi, Ulrich Volz

{"title":"COVID‐19, asset markets and capital flows","authors":"J. Beirne, Nuobu Renzhi, E. Sugandi, Ulrich Volz","doi":"10.1111/1468-0106.12368","DOIUrl":"https://doi.org/10.1111/1468-0106.12368","url":null,"abstract":"Abstract This paper empirically examines the reaction of global financial markets across 38 economies to the COVID‐19 outbreak, with special focus on the dynamics of capital flows across 14 emerging market economies. The effectiveness of fiscal and monetary policy responses to COVID‐19 is also tested. Using daily data over the period January 4, 2010 to August 31, 2020, and controlling for a host of domestic and global macroeconomic and financial factors, we use a fixed effects panel approach and a structural VAR framework to show that emerging markets have been more heavily affected than advanced economies. In particular, emerging economies in Asia and Europe have experienced the sharpest impacts on stock, bond and exchange rates due to COVID‐19, as well as abrupt and substantial capital outflows. Quantitative easing and fiscal stimulus packages mainly helped to boost stock prices, notably for advanced and emerging economies in Asia. Our findings also highlight the role that global factors and developments in the world's leading financial centers have on financial conditions in EMEs. Importantly, the impact of COVID‐19 related quantitative easing measures by central banks in advanced countries extended to EMEs, with significant positive spillovers to EME stock markets in Asia, Europe and Latin America. Going forward, while the ultimate resolution of COVID‐19 may be expected to lead to a market correction as uncertainty declines, our impulse response analysis suggests that there may be persistent effects on bond markets in emerging Europe and on EME capital flows.","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":"26 1","pages":"498 - 538"},"PeriodicalIF":1.5,"publicationDate":"2021-08-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/1468-0106.12368","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43280749","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: 12

The impact of COVID‐19 on seasoned equity offering: Evidence from China 2019冠状病毒病对经验丰富的股票发行的影响：来自中国的证据

IF 1.5 4区经济学

Pacific Economic Review Pub Date : 2021-08-09 DOI: 10.1111/1468-0106.12371

He Xiao, Jianqun Xi

引用次数: 2

Surplus men and scarce women: The impact of mating competition on the desire for sons in China * 男性过剩与女性稀缺：中国择偶竞争对儿子欲望的影响*

IF 1.5 4区经济学

Pacific Economic Review Pub Date : 2021-08-01 DOI: 10.1111/1468-0106.12349

Zhiqiang Dong, Yaseen S. Alhaj-Yaseen, Yang Jiao, Yuejun Zhong

{"title":"Surplus men and scarce women: The impact of mating competition on the desire for sons in China\u0000 *","authors":"Zhiqiang Dong, Yaseen S. Alhaj-Yaseen, Yang Jiao, Yuejun Zhong","doi":"10.1111/1468-0106.12349","DOIUrl":"https://doi.org/10.1111/1468-0106.12349","url":null,"abstract":"We conducted this research to explore the possible factors shaping son preference, with a view to understanding the persistently high male/female sex ratio. Using data from the Chinese General Social Survey (CGSS) and the Population Census of China, we find a significant impact of regional sex ratio on people’s preferences for the sex of their future children. Specifically, the extent of son preference decreases with the increase in the male/female sex imbalance in the local area. We also find that sex imbalance has a positive impact on a wide range of outcomes that capture the pressure on males to enter marriage markets, such as regional housing prices, the number of houses owned, and family economic status. This result is consistent with the view that greater sex imbalance exerts larger pressure on men in the marriage market, leading to changes in son preference. Omitted variable bias is addressed by using climate changes in the month preceding fertilization period as an instrument for sex ratio. Instrumental sex ratio negatively impacts son preference, offering strong support for our hypothesis.","PeriodicalId":46516,"journal":{"name":"Pacific Economic Review","volume":" ","pages":""},"PeriodicalIF":1.5,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/1468-0106.12349","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42615773","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: 4

Issue Information 问题信息

IF 1.5 4区经济学

Pacific Economic Review Pub Date : 2021-08-01 DOI: 10.1111/1468-0106.12336