{"title":"ICT, human capital and productivity in Chinese cities","authors":"Qing Li, Yanrui Wu","doi":"10.1080/13547860.2022.2094643","DOIUrl":"https://doi.org/10.1080/13547860.2022.2094643","url":null,"abstract":"","PeriodicalId":46618,"journal":{"name":"Journal of the Asia Pacific Economy","volume":" ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2022-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45655576","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":"Economic freedom, economic development and income inequality in Asia: an analysis from the Kuznets curve perspective","authors":"Cong Minh Huynh","doi":"10.1080/13547860.2022.2094644","DOIUrl":"https://doi.org/10.1080/13547860.2022.2094644","url":null,"abstract":"<p><b>Abstract</b></p><p>The impact of economic freedom on income inequality has been inconclusive in the literature. Previous studies also show the importance of economic freedom in boosting economic development, whereas the Kuznets curve theory indicates the inverted U-shaped relationship between economic development and income inequality. Thus, economic development may play an important role in moderating the nexus of economic freedom and income inequality. This study throws light on the effects of economic freedom, economic development, and their interaction on income inequality in 35 Asian economies during 2000–2018 from the Kuznets curve’s perspective. Our empirical results demonstrate that initially economic freedom increases income inequality, then until a threshold of economic development, economic freedom reduces income inequality. In addition, the inverted U-shaped Kuznets curve of economic development and income inequality is confirmed in the context of the Asian continent. The robustness of our results is ensured with different proxies of economic freedom and various estimators.</p>","PeriodicalId":46618,"journal":{"name":"Journal of the Asia Pacific Economy","volume":"73 1","pages":""},"PeriodicalIF":1.4,"publicationDate":"2022-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138507131","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}
Yahui Chen, C. Marrewijk, Changsheng Xu, Congmin Zuo
{"title":"Does the Belt and Road Initiative affect the business environment of participating countries?","authors":"Yahui Chen, C. Marrewijk, Changsheng Xu, Congmin Zuo","doi":"10.1080/13547860.2022.2082748","DOIUrl":"https://doi.org/10.1080/13547860.2022.2082748","url":null,"abstract":"Abstract This article analyzes the impact of the Belt and Road Initiative (BRI) on the economic and business environment of its participants using the Global Doing Business Report from the World Bank. We use a difference-in-difference approach to identify the impact by considering BRI as an exogenous policy shock. We find that BRI positively impacts the business environment of the participating countries; in particular, there is a great improvement in the scores of business starting and contract enforcing. The positive effect is larger in low-income countries and the countries with a growing investment from China.","PeriodicalId":46618,"journal":{"name":"Journal of the Asia Pacific Economy","volume":"27 1","pages":"425 - 444"},"PeriodicalIF":1.4,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45678662","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":"Global Value Chains (GVCs) participation patterns and impacts on productivity growth in the Asian economies","authors":"Jagannath Mallick, Anqi Zhang","doi":"10.1080/13547860.2022.2080428","DOIUrl":"https://doi.org/10.1080/13547860.2022.2080428","url":null,"abstract":"Abstract The paper examines the dynamic impact of GVCs on productivity growth in 14 Asian economies, from 1995 to 2016. OECD and Asia Productivity Organisation data show that in the last few decades there has been a rapid expansion of GVCs in the majority of the Asian economies. We employ the panel Auto-regressive Distributed Lag method to empirically evaluate the impact of GVCs participation on ‘total factor productivity growth’ and ‘labor productivity growth’. The empirical results point to the significant effect of GVCs on domestic productivity growth in the long run in the selected Asian economies, while the effect on labor productivity growth is larger than that on total factor productivity growth. However, GVCs does not affect it in the short-run. If excluded the six high-income economies and only focused on the middle-income countries, we find forward GVCs promotes domestic productivity in long run, while the backward GVCs does not.","PeriodicalId":46618,"journal":{"name":"Journal of the Asia Pacific Economy","volume":"27 1","pages":"495 - 514"},"PeriodicalIF":1.4,"publicationDate":"2022-06-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45680560","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":"Uncertainty and China’s cross-border mergers and acquisitions","authors":"Yanming Sun, Shuhan Duan, Lili Wang, Caili Yang","doi":"10.1080/13547860.2022.2088511","DOIUrl":"https://doi.org/10.1080/13547860.2022.2088511","url":null,"abstract":"Abstract This study examines the relationship between uncertainty and China’s cross-border mergers and acquisitions (M&As). Based on 1847 cross-border M&A deals made by Chinese firms in 130 countries and regions over the period of 2002 − 2018, we find that Chinese acquirers are less likely to conduct cross-border M&A deals when uncertainty is high in the target country. The results are robust to alternative samples and measures of uncertainty. Furthermore, we find that uncertainty has a dynamic impact on China’s cross-border M&As. Variations in the economic environment close to the time of an announcement have a greater influence on affecting the final occurrence of M&A transactions than those in a more distant period. Lastly, market conditions are important in shaping the effects of uncertainty on M&As. The negative effects of uncertainty are larger in countries with weaker financial markets and government regulation and lower levels of openness.","PeriodicalId":46618,"journal":{"name":"Journal of the Asia Pacific Economy","volume":"27 1","pages":"515 - 533"},"PeriodicalIF":1.4,"publicationDate":"2022-06-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46252368","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":"Time-varying comparison of the effectiveness of China’s price- and quantity-based monetary policy tools: an empirical analysis based on the TVP-FA-S-VAR model","authors":"Dayu Liu, Yang Song, Dekai Chen","doi":"10.1080/13547860.2022.2082162","DOIUrl":"https://doi.org/10.1080/13547860.2022.2082162","url":null,"abstract":"","PeriodicalId":46618,"journal":{"name":"Journal of the Asia Pacific Economy","volume":" ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2022-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48279674","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":"The impact of high speed railway on government expenditure on poverty alleviation in China —Evidence from Chinese poverty counties","authors":"Lichao Wu, Yanpeng Jiang, Fanda Yang","doi":"10.1080/13547860.2022.2073658","DOIUrl":"https://doi.org/10.1080/13547860.2022.2073658","url":null,"abstract":"","PeriodicalId":46618,"journal":{"name":"Journal of the Asia Pacific Economy","volume":" ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2022-05-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41988222","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":"Automotive Industrialisation. Industrial Policy and Development in Southeast Asia","authors":"P. Wad","doi":"10.1080/13547860.2022.2077543","DOIUrl":"https://doi.org/10.1080/13547860.2022.2077543","url":null,"abstract":"","PeriodicalId":46618,"journal":{"name":"Journal of the Asia Pacific Economy","volume":"27 1","pages":"590 - 593"},"PeriodicalIF":1.4,"publicationDate":"2022-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48779601","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}
Yongji Zhang, Shikai Cao, Xinxuan Lin, Zhi Su, Ke Wang
{"title":"Corporate financial decision under green credit guidelines: evidence from China","authors":"Yongji Zhang, Shikai Cao, Xinxuan Lin, Zhi Su, Ke Wang","doi":"10.1080/13547860.2022.2072095","DOIUrl":"https://doi.org/10.1080/13547860.2022.2072095","url":null,"abstract":"","PeriodicalId":46618,"journal":{"name":"Journal of the Asia Pacific Economy","volume":" ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2022-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48751791","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":"Does health aid reduce infant mortality? Cross-country evidence","authors":"Xiaoshan Hu, Guanghua Wan, Tongjin Zhang","doi":"10.1080/13547860.2022.2072608","DOIUrl":"https://doi.org/10.1080/13547860.2022.2072608","url":null,"abstract":"Abstract Does health aid help reduce infant mortality? Despite a growing literature, existing findings have no consensus. To investigate the relationship between health aid and infant mortality, this paper applies polynomial inverse lag (PIL) framework to panel data from 131 countries over the period 2002–2019, and focuses on the instant and long-term impacts of health aid on infant mortality. The results indicate that health aid can effectively reduce infant mortality and it has a greatest effect in the current year. More specifically, a 1% rise in health aid causes a 1.53% drop in infant mortality instantly, though the impact tails off over time. The results maintain robustness across specifications. Heterogeneity test shows that health aid’s benign impact is more pronounced in deep poverty countries. Finally, it is found that aid raises public health expenditure of recipient countries, leading to a better health care system and a lower infant mortality.","PeriodicalId":46618,"journal":{"name":"Journal of the Asia Pacific Economy","volume":"27 1","pages":"534 - 550"},"PeriodicalIF":1.4,"publicationDate":"2022-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44053833","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}