Journal of Asian Economics最新文献

AI-driven unemployment risk and household financial decision: Evidence from China 人工智能驱动的失业风险和家庭财务决策：来自中国的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-23 DOI: 10.1016/j.asieco.2025.101963

Qianyi Zhang

{"title":"AI-driven unemployment risk and household financial decision: Evidence from China","authors":"Qianyi Zhang","doi":"10.1016/j.asieco.2025.101963","DOIUrl":"10.1016/j.asieco.2025.101963","url":null,"abstract":"<div><div>This paper examines unemployment risk driven by artificial intelligence (AI) on household risky asset investment, focusing on how labour market risk affected by AI influences financial decisions in Chinese household. Using 2016, 2018, and 2020 data from the China Family Panel Studies (CFPS), we analyze the relationship between unemployment risk, qualified by the probability of AI replacing occupations and household decisions in financial risky asset investment, constructing the Probit and Tobit models. After several methods dealing with endogeneity issues, we find a positive effect of unemployment risk on household decisions, especially among highincome households, who are more likely to invest in risky assets to hedge against potential work loss. Furthermore, we also find that material aspiration is essential in moderating these investment behaviours. This study provides the first empirical evidence of unemployment risk as a determinant of household risky asset investment in China, utilizing forward-looking data to measure labour market uncertainty across occupations and complementing the 'participation puzzle' explanation for emerging economies. Additionally, it pioneers micro-level analysis of AI-induced unemployment risk, revealing its influence on household financial decisions and introducing the unemployment risk--material aspiration--risky asset investment framework, which expands the understanding of AI's microeconomic effects.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101963"},"PeriodicalIF":2.9,"publicationDate":"2025-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144139139","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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 broadband internet access shapes fertility decisions: Evidence and mechanisms 宽带互联网接入如何影响生育决策：证据和机制

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-22 DOI: 10.1016/j.asieco.2025.101962

Chunxiao Si , Dihai Wang , Maohua Wu

{"title":"How broadband internet access shapes fertility decisions: Evidence and mechanisms","authors":"Chunxiao Si , Dihai Wang , Maohua Wu","doi":"10.1016/j.asieco.2025.101962","DOIUrl":"10.1016/j.asieco.2025.101962","url":null,"abstract":"<div><div>The rapid expansion of internet infrastructure has substantially transformed various dimensions of daily life. In the context of China’s declining fertility rate, this study investigates the causal impact of broadband adoption on fertility behavior by employing a difference-in-differences (DID) strategy that exploits the Broadband China initiative as an exogenous policy shock. The empirical results indicate that broadband expansion significantly increases fertility rates among women of reproductive age, and the findings remain robust across multiple sensitivity checks. Further heterogeneity analysis shows that the effects are particularly pronounced among younger women, rural residents, individuals with higher educational attainment, and those with younger spouses or co-residing parents. Mechanism analysis suggests that broadband promotes fertility by enhancing access to healthcare services, facilitating flexible employment arrangements, and improving household financial resilience. These findings underscore the demographic consequences of digital infrastructure development and offer policy-relevant insights for mitigating fertility decline in the digital era.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101962"},"PeriodicalIF":2.9,"publicationDate":"2025-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144139029","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

From conflict to coordination: A new framework to measure the synergy level of pollution-carbon-growth 从冲突到协调：衡量污染-碳增长协同水平的新框架

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-22 DOI: 10.1016/j.asieco.2025.101961

Zhengge Tu , Jingyu Mao , Xinlei Xiao , Gang Ma

{"title":"From conflict to coordination: A new framework to measure the synergy level of pollution-carbon-growth","authors":"Zhengge Tu , Jingyu Mao , Xinlei Xiao , Gang Ma","doi":"10.1016/j.asieco.2025.101961","DOIUrl":"10.1016/j.asieco.2025.101961","url":null,"abstract":"<div><div>This paper proposes a new framework for measuring the synergy degree of pollution reduction and carbon mitigation, using the optimal direction as the benchmark and the proximity between the actual direction and this benchmark as the principle for synergy degree measurement. This measurement framework considers both the actual and optimal directions, quantifies the degree of proximity through the cosine function, and thus intuitively presents the synergy level, effectively addressing the limitation of existing research that predominantly focuses on the actual direction alone. Additionally, it offers differentiated synergy directions based on the actual development stages of different regions. Based on this framework, the paper explores the overall characteristics, evolving trends, and influencing factors of the synergy level of pollution and carbon reduction in China's cities. The results show that the synergy level of pollution and carbon reduction exhibits a fluctuating upward trend, and reducing carbon intensity should be the main focus for improving the synergy level. The synergy levels in the eastern, central, and western regions are relatively lower during their respective periods of rapid economic growth. By employing a simple empirical model to analyze the influencing factors, this paper finds that enhancing economic development levels, promoting green technology innovation, and increasing government attention to ecological environment protection are effective measures to improve the synergy level of pollution and carbon reduction. Conversely, an excessively high proportion of secondary industry and higher economic growth targets will adversely affect the synergy level.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101961"},"PeriodicalIF":2.9,"publicationDate":"2025-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144123928","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Educational expansion and attitudes toward son preference in China 中国的教育扩张与重男轻女观念

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-20 DOI: 10.1016/j.asieco.2025.101960

Jie Zhang, Chenyu Meng

引用次数: 0

Market access and firms’ energy intensity: Evidence from China’s highway construction 市场准入与企业能源强度：来自中国高速公路建设的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-19 DOI: 10.1016/j.asieco.2025.101958

Weijie Jiang , Mengke Ye , Xingzhe Yang

引用次数: 0

Institutional quality and macrofinancial resilience in Asia 亚洲的制度质量和宏观金融弹性

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-16 DOI: 10.1016/j.asieco.2025.101957

John Beirne , Pradeep Panthi

引用次数: 0

Service sector liberalization and firms’ carbon emission intensity reduction: Evidence from China 服务业自由化与企业碳排放强度降低：来自中国的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-15 DOI: 10.1016/j.asieco.2025.101956

Jiaxuan Gao , Yanling Wang , Hongjun Xie

{"title":"Service sector liberalization and firms’ carbon emission intensity reduction: Evidence from China","authors":"Jiaxuan Gao , Yanling Wang , Hongjun Xie","doi":"10.1016/j.asieco.2025.101956","DOIUrl":"10.1016/j.asieco.2025.101956","url":null,"abstract":"<div><div>This paper examines the impact of service sector liberalization on downstream manufacturing firms’ carbon emission intensity in China. We quantify China’s service sector liberalization through its policy changes towards foreign direct investment (FDI) and build a composite index of manufacturing firms’ exposure to service sector liberalization as a weighted average of service sectors’ liberalization with their respective input shares. We find that service sector liberalization significantly reduces manufacturing firms’ CO<sub>2</sub> emission intensity through inter-industry economic linkages. Our results are robust with two other measures of pollution emission intensities, two alternative measures of service sector liberalization and after correcting endogeneity. We also find that greater productivity enhances the reduction effect. Further, firms’ response is heterogeneous: the impact of service sector liberalization on firms’ CO<sub>2</sub> emission intensity reduction is 81 % larger for state-owned enterprises (SOEs) than for non-SOEs; and 105 % larger for large firms than for small- and medium-sized firms.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101956"},"PeriodicalIF":2.9,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144099345","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Spatial mobility of China’s population in the digital economy 中国人口在数字经济中的空间流动性

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-12 DOI: 10.1016/j.asieco.2025.101941

Huiyong Zhong , Xiaobin Wang

{"title":"Spatial mobility of China’s population in the digital economy","authors":"Huiyong Zhong , Xiaobin Wang","doi":"10.1016/j.asieco.2025.101941","DOIUrl":"10.1016/j.asieco.2025.101941","url":null,"abstract":"<div><div>The digital economy has emerged as a transformative force in China, reshaping labor markets and spatial population dynamics through advanced technologies and connectivity. This study examines how digital economic development influences population mobility across 289 prefecture-level cities from 2011 to 2018. Our findings reveal that digitalization significantly drives population inflows. This effect is primarily channeled through the service sector’s expansion—particularly life-oriented services—which generates substantial employment. Heterogeneity analysis shows stronger effects in larger, denser cities, highlighting agglomeration economies’ role in amplifying digital impacts. Examining the Hu Line—a historical divide separating the populous southeast from the sparse northwest—we find that digitalization enhances southeast inflows but has no significant effect in the northwest. Contrary to expectations of spatial rebalancing, digital growth reinforces China’s urban concentration. These results challenge the “death of distance” hypothesis, offering insights for urban policy and regional development strategies amid digital transformation.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101941"},"PeriodicalIF":2.9,"publicationDate":"2025-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144090136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Research productivity of scientists in Asia for the growth of nations 亚洲科学家的研究生产力促进了国家的发展

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-11 DOI: 10.1016/j.asieco.2025.101953

Jang C. Jin

引用次数: 0

The effectiveness of financial industry in promoting the high-quality development of energy industry 金融业促进能源产业高质量发展的有效性

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-11 DOI: 10.1016/j.asieco.2025.101945

Zhenpeng Tang , Xinyi Lin , Houyin Long

{"title":"The effectiveness of financial industry in promoting the high-quality development of energy industry","authors":"Zhenpeng Tang , Xinyi Lin , Houyin Long","doi":"10.1016/j.asieco.2025.101945","DOIUrl":"10.1016/j.asieco.2025.101945","url":null,"abstract":"<div><div>The energy sector is central to global decarbonization, and the effective allocation of financial resources is vital to its development. However, the impact of financial resources on energy development remains ambiguous in existing literature. This study bridges this gap by theoretically and empirically analyzing the role of the financial resources allocated to the energy industry. We develop a novel theoretical model that integrates the energy and financial sectors, subsequently deriving an inverted U-shaped relationship between financial resources and energy development. Empirically, we use an energy-related indicator to capture financial resources directed towards the energy sector and validate the hypothesis using panel data from 30 Chinese provinces from 2006 to 2019. The result remains robust after addressing endogeneity concerns and a series of robustness tests. Heterogeneity analysis further shows that the inverted U-shaped relationship is more pronounced in regions with abundant energy resources and high financial development, while the effect in those characterized by underdeveloped financial systems is insignificant. Mechanism analysis reveals that financial resources influence energy development through financing constraints and investment efficiency. This study advances our understanding of the role of finance in energy sector development, offering key policy implications for optimizing financial allocation. Financial institutions should establish appropriate support thresholds to ensure optimal financial resource allocation to the energy sector, while addressing financing constraints and improving investment efficiency. Support strategies should be tailored to regional conditions, such as energy endowments and financial development levels.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101945"},"PeriodicalIF":2.9,"publicationDate":"2025-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143942174","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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