Journal of Asian Economics最新文献

Electricity price cross-subsidies and enterprises’ green total factor productivity: Empirical evidence from Chinese industrial listed enterprises

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-11-29 DOI: 10.1016/j.asieco.2024.101848

Li Xie , Zhisheng Huang

{"title":"Electricity price cross-subsidies and enterprises’ green total factor productivity: Empirical evidence from Chinese industrial listed enterprises","authors":"Li Xie , Zhisheng Huang","doi":"10.1016/j.asieco.2024.101848","DOIUrl":"10.1016/j.asieco.2024.101848","url":null,"abstract":"<div><div>As a kind of electricity price distortion, the effect of electricity price cross-subsidies has always been controversial. From the perspective of the green development effect generated by electricity price cross-subsidies, we estimate the electricity price cross-subsidies in different regions of China using Ramsey’s optimal pricing as a yardstick, and measure the green total factor productivity(GTFP) of enterprises using the SBM-DDF model with the samples of industrial listed enterprises from 2006 to 2020, and then empirically analyze the mechanism of the electricity price cross-subsidies affecting enterprises’ GTFP. The results show that electricity price cross-subsidies affect enterprises’ GTFP through two channels, improving resource allocation efficiency and inhibiting technological progress. However, the effect of electricity price cross-subsidies on improving resource allocation efficiency is more significant than its inhibitory effect on technological advancement, which ultimately enhances the enterprises’ GTFP. At the same time, the impact of electricity price cross-subsidies on enterprises’ GTFP varies significantly across enterprises with different ownership structures, different scales, different energy consumption, and located in different regions, as well as before and after the second round of China’s electricity system reform in 2015. This study provides empirical inspiration for developing countries to steadily advance the reform of electricity price cross-subsidies policies and accelerate the green transformation of economic development mode.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"96 ","pages":"Article 101848"},"PeriodicalIF":2.9,"publicationDate":"2024-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142759620","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

The information externality of public firms’ employment in the municipal corporate bond market in China 中国市政公司债券市场中上市公司就业的信息外部性

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-11-20 DOI: 10.1016/j.asieco.2024.101846

Hongling Han , Yidan Mao , Qiang Liu

引用次数: 0

Cross-border personnel mobility and bilateral value chain linkages: Evidence from visa liberalization in China 跨境人员流动与双边价值链联系：中国签证自由化的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-11-17 DOI: 10.1016/j.asieco.2024.101844

Shuqin Ma , Fuyao Ren , Fan Feng , Kuo Feng

{"title":"Cross-border personnel mobility and bilateral value chain linkages: Evidence from visa liberalization in China","authors":"Shuqin Ma , Fuyao Ren , Fan Feng , Kuo Feng","doi":"10.1016/j.asieco.2024.101844","DOIUrl":"10.1016/j.asieco.2024.101844","url":null,"abstract":"<div><div>The cross-border personnel mobility has emerged as a crucial feature and trend in the process of globalization. This paper examines the impact of unilateral visa-free-entry policies in China on bilateral value chain linkages using a DID model. The research reveals that the implementation of visa-free-entry policies significantly promotes bilateral value chain linkages, with this effect lasting for approximately four years. Mechanism tests suggest that visa-free-entry policies facilitate the acquisition of soft information and strengthen the linkage between domestic and foreign value chains through three pathways: promoting information dissemination, enhancing the trust environment, and extending production steps. Heterogeneous analysis demonstrates that the positive impact of cross-border personnel mobility is more pronounced in low asset-specific industries, manufacturing, and the service sector. It has a greater effect on forward value chain linkages and high-value chain linkage industries. This paper provides valuable insights for the rational simplification of cross-border personnel mobility restrictions and procedures.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101844"},"PeriodicalIF":2.9,"publicationDate":"2024-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704010","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

Labor union effects on wage dispersion: Evidence from panel data of Japanese listed companies 工会对工资分散的影响：来自日本上市公司面板数据的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-11-17 DOI: 10.1016/j.asieco.2024.101841

Takashi Saito , Tsukasa Matsuura , Hisashi Okamoto

引用次数: 0

Does parental migration matter in access to academic high schools for left-behind children in China? 中国留守儿童进入高中学习的机会与父母的迁移有关吗？

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-11-17 DOI: 10.1016/j.asieco.2024.101842

Qundi Feng , Ling Yang

{"title":"Does parental migration matter in access to academic high schools for left-behind children in China?","authors":"Qundi Feng , Ling Yang","doi":"10.1016/j.asieco.2024.101842","DOIUrl":"10.1016/j.asieco.2024.101842","url":null,"abstract":"<div><div>Enrolling in academic high schools always predicts one can have higher educational achievements, such as access to university later. Using data from China Family Panel Studies, this paper examines whether and how parental migration affects the high school attainment of left-behind children. Results indicate that exposure to parental migration in childhood lowers the probability of attending vocational high school but increases the likelihood of enrolling in academic high school. The effect is more substantial for the left behind children who are from rural areas, with siblings, or second-born or later. The findings also suggest a potential psychological mechanism that inhibits the educational achievement of left-behind children. Specifically, left-behind children exhibit lower expectations for educational attainment and hold beliefs that individual success is attributed to external factors, which may discourage them from pursuing higher education achievements. Further, migrant parents also show lower expectations for their children's educational attainment. Our findings highlight the crucial role of psychological manifestations induced by parental migration in determining high school attendance and offer insights for developing policies aimed at promoting educational equity.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101842"},"PeriodicalIF":2.9,"publicationDate":"2024-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704014","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

Can development zones reduce energy consumption and carbon emissions of enterprises? Evidence from China 开发区能否降低企业能耗和碳排放？来自中国的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-11-17 DOI: 10.1016/j.asieco.2024.101845

Lihua Zhang , Xinyu Chen , Zheng Xu

引用次数: 0

The low carbon transformation of cities and corporate investment efficiency: Evidence from a quasi-natural experiment 城市的低碳转型与企业投资效率：来自准自然实验的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-11-16 DOI: 10.1016/j.asieco.2024.101843

Zixuan Zhang , Zhenyu Ge , Shuhan Liu

引用次数: 0

Mechanism and simulation of intensive use of urban inefficient land based on evolutionary game theory 基于进化博弈论的城市低效土地集约利用机制与模拟

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-11-15 DOI: 10.1016/j.asieco.2024.101840

Ze Han , Xiangzheng Deng , Zhihui Li , Xiankai Huang

{"title":"Mechanism and simulation of intensive use of urban inefficient land based on evolutionary game theory","authors":"Ze Han , Xiangzheng Deng , Zhihui Li , Xiankai Huang","doi":"10.1016/j.asieco.2024.101840","DOIUrl":"10.1016/j.asieco.2024.101840","url":null,"abstract":"<div><div>Intensive utilization of urban inefficient land is crucial for achieving sustainable urban development. This study constructs an evolutionary game model of urban inefficient land redevelopment involving three main actors: the government, developers, and the public. The model reveals the staged characteristics of the redevelopment process and the dynamic evolution of decision-making behaviors among the actors. The study finds that the redevelopment process can be divided into three stages: initial, development, and mature, with significant differences in the decision-making behaviors of developers, the government, and the public at each stage. Developers' decisions are influenced by redevelopment benefits and costs, the government's decisions are affected by regulatory benefits, and the public's decisions are impacted by participation benefits and costs. The initial strategy configuration has a significant influence on the system's evolutionary trend. Economic incentives, cost constraints, and public participation are the three pillars driving redevelopment. The study recommends adopting differentiated and dynamic policy combinations, improving the redevelopment benefit distribution mechanism, and strengthening public participation capacity building to promote positive interactions among the actors and achieve efficient land resource utilization. This research systematically analyzes the mechanism of inefficient land redevelopment from a dynamic game perspective, providing a scientific basis for policy formulation and holding great significance for promoting sustainable urban development.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101840"},"PeriodicalIF":2.9,"publicationDate":"2024-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704012","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

Off-farm employment, farmland transfer and agricultural investment behavior: A study of joint decision-making among North China Plain farmers 非农就业、农地流转与农业投资行为：华北平原农民共同决策研究

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-11-14 DOI: 10.1016/j.asieco.2024.101839

Mingjun Xu , Changling Chen , Jinhua Xie

{"title":"Off-farm employment, farmland transfer and agricultural investment behavior: A study of joint decision-making among North China Plain farmers","authors":"Mingjun Xu , Changling Chen , Jinhua Xie","doi":"10.1016/j.asieco.2024.101839","DOIUrl":"10.1016/j.asieco.2024.101839","url":null,"abstract":"<div><div>Improving farmers’ ability to make joint decisions on multi-factors is crucial for efficient resource allocation in agriculture, promoting sustainable land use, and fostering rural revitalization. Using survey data from 1780 households in the North China Plain, this study used the Conditional Mixed Process (CMP) joint estimation to address potential endogeneity issues and investigate the interaction of off-farm employment, farmland transfer, and agricultural capital investment. First, the results reveal a significant relationship between the three factors in farmers’ decision-making. Particular, there is a positive relationship between off-farm employment and farmland outflow (ρ = 0.163, P < 0.05), while a negative correlation is observed between farmland outflow and capital investment (ρ = − 0.476, P < 0.01). Secondly, there is heterogeneity in the correlation of joint decision-making regarding off-farm employment types and agricultural capital input types. For risk-averse farmers and farmers with low capital liquidity, off-farm employment is not significantly correlated with farmland outflow, while farmers with land-poor farmers have the strongest positive correlation between farmland inflow and capital input. Third, even if increasing farmland outflow can facilitate the expansion of large-scale land operations, the investment effect of off-farm employment remains unrealized. Finally, the lag of the farmland transfer market relative to the labor transfer market and the rural capital market hinders the growth of optimal-scale agricultural management.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101839"},"PeriodicalIF":2.9,"publicationDate":"2024-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142656337","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

A tale of two markets—would housing appreciation prompt insurance participation? Evidence from China’s urban elderly 两个市场的故事--住房升值能否促进保险参与？来自中国城市老年人的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-11-06 DOI: 10.1016/j.asieco.2024.101838

Jiajun Han

引用次数: 0