Journal of Asian Economics最新文献

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The employment effects of regional market integration: Evidence from China 区域市场一体化的就业效应:来自中国的证据
IF 3.4 3区 经济学
Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-09-29 DOI: 10.1016/j.asieco.2025.102053
Yanjun Li , Yuanyuan Wan , Shenxiang Xie
{"title":"The employment effects of regional market integration: Evidence from China","authors":"Yanjun Li ,&nbsp;Yuanyuan Wan ,&nbsp;Shenxiang Xie","doi":"10.1016/j.asieco.2025.102053","DOIUrl":"10.1016/j.asieco.2025.102053","url":null,"abstract":"<div><div>This paper systematically examines the impact of regional market integration on employment using matching data from China’s enterprise tax surveys and business registration information from 2009 to 2015. We find that regional market integration significantly increases corporate labor employment. Mechanism analysis shows that regional market integration significantly affects corporate labor employment through three channels: expansion of market demand, alleviation of financing constraints, and intensification of market competition. Our analysis further reveals that regional market integration improves employment both at the intensive and extensive margins. From a dynamic employment perspective, it promotes net employment growth by enhancing job creation and reducing job destruction. Additionally, regional market integration leads to increased employee compensation levels, indicating positive implications for enhancing employment quality. Our heterogeneity analysis shows that the effect of regional market integration varies according to firms’ characteristics, including productivity levels, ownership, location, and industry categorization.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102053"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145267191","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 J-curve phenomenon in Türkiye’s fossil fuel trade balance: A fourier-ARDL analysis 俄罗斯化石燃料贸易平衡中的j曲线现象:傅里叶- ardl分析
IF 3.4 3区 经济学
Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-09-24 DOI: 10.1016/j.asieco.2025.102051
Chien-Chiang Lee , Godwin Olasehinde-Williams , Seyi Saint Akadiri
{"title":"The J-curve phenomenon in Türkiye’s fossil fuel trade balance: A fourier-ARDL analysis","authors":"Chien-Chiang Lee ,&nbsp;Godwin Olasehinde-Williams ,&nbsp;Seyi Saint Akadiri","doi":"10.1016/j.asieco.2025.102051","DOIUrl":"10.1016/j.asieco.2025.102051","url":null,"abstract":"<div><div>The persistent imbalance in Türkiye's fossil fuel trade raises important questions about the role of macroeconomic factors, particularly exchange rate dynamics, in shaping energy trade outcomes. Despite theoretical assertions of the J-curve, empirical evidence specific to the physical trade balance of fossil fuels remains limited. This study investigates the short- and long-run effects of real exchange rate movements on Türkiye's physical trade balance for fossil fuels from 1994 to 2024, incorporating gross domestic product, renewable energy consumption, and trade openness as control variables. Employing the Fourier Autoregressive Distributed Lag (FARDL) approach, the results confirm the existence of a J-curve effect, whereby currency depreciation at first worsens but subsequently improves the physical trade balance for fossil fuels. Additionally, economic growth significantly exacerbates fossil fuel trade deficits, while renewable energy consumption reduces the imbalance in the short run. Trade openness is found to have a positive short-run impact, although its long-run effect is statistically insignificant. The study proposes policy recommendations to manage exchange rate flexibility, accelerate renewable energy transitions, and align trade and energy policies to achieve a more resilient and sustainable energy trade balance for Türkiye. The results offer fresh insights into the complex interlinkages between macroeconomic fundamentals and energy trade dynamics.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102051"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145158941","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 study on the long-term trend of middle-aged female labor supply in urban China: The explanation from inter-generational care 中国城市中年女性劳动力供给的长期趋势研究:来自代际关怀的解释
IF 3.4 3区 经济学
Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-10-06 DOI: 10.1016/j.asieco.2025.102058
Peng Zhan , Yibo Mao
{"title":"A study on the long-term trend of middle-aged female labor supply in urban China: The explanation from inter-generational care","authors":"Peng Zhan ,&nbsp;Yibo Mao","doi":"10.1016/j.asieco.2025.102058","DOIUrl":"10.1016/j.asieco.2025.102058","url":null,"abstract":"<div><div>This study is the first to examine the long-term impact and trend of intergenerational care on the labor supply of middle-aged women. The primary data are drawn from the 2002, 2013, and 2018 China Household Income Project surveys. The findings reveal that the effect of intergenerational care on the labor supply has strengthened over the past two decades. Although the effect was not significant in 2002, it became highly significant by 2018. Decomposition analysis shows that compared to the endowment effect, the coefficient effect of intergenerational care was a key driver of the decline in labor supply among middle-aged women between 2013 and 2018, accounting for 16.81 % of the total change. Further analysis indicates that the expansion of public preschool education in 2018 encouraged young mothers to return to the labor market, thereby increasing the time burden of caregiving for middle-aged women. Simultaneously, the rising cost of education added to the financial burden on households and further increased the demand for intergenerational care. These findings contribute to a deeper understanding of how intergenerational care shapes women’s retirement decisions over time, offer important insights into their broader consequences, and provide policy implications for improving public preschool education services.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102058"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145267190","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
Learning to be an entrepreneur in cities 在城市里学习创业
IF 3.4 3区 经济学
Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-08-21 DOI: 10.1016/j.asieco.2025.102029
Dongxia Wei
{"title":"Learning to be an entrepreneur in cities","authors":"Dongxia Wei","doi":"10.1016/j.asieco.2025.102029","DOIUrl":"10.1016/j.asieco.2025.102029","url":null,"abstract":"<div><div>Migrants may acquire non-cognitive skills during their early life in cities, which are crucial for entrepreneurship. Using individual-level data from the 2017 China Migrants Dynamic Survey, we demonstrate that migrants arrive in cities at a younger age are more likely to engage in entrepreneurial activities and subsequently gain higher income. This effect is robust across groups with various education, <em>Hukou</em> types, genders, and industrial sectors, and more pronounced in cities with higher administrative ranks, a larger number of enterprises, and higher settlement threshold, or among migrants entering different dialect areas. The mechanism analysis shows that it is driven by improving migrants’ non-cognitive abilities through city life experience at a younger age, including social activity, social integration, open-mindedness, and development motive.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102029"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144933730","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
Environmental provisions in preferential trade agreements and export product quality of Chinese firms 优惠贸易协定中的环境条款与中国企业出口产品质量
IF 3.4 3区 经济学
Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-09-23 DOI: 10.1016/j.asieco.2025.102048
Yajun Zhu , Churen Sun
{"title":"Environmental provisions in preferential trade agreements and export product quality of Chinese firms","authors":"Yajun Zhu ,&nbsp;Churen Sun","doi":"10.1016/j.asieco.2025.102048","DOIUrl":"10.1016/j.asieco.2025.102048","url":null,"abstract":"<div><div>China’s foreign trade has stepped into a high-quality development track, while at the same time, China has increasingly included different types of environmental provisions in the concluded Preferential Trade Agreements (PTAs). We empirically examine the effect of environmental provisions in PTAs on firms’ export product quality using matched data from the Trade and Environment Database (TREND), the Chinese Customs Transaction-level Trade Statistics Dataset, and the Chinese Annual Survey of Industrial Firms Dataset from 2000 to 2014. The findings show that environmental provisions in PTAs are conducive to improving the quality of Chinese firms’ export products by increasing firms’ productivity and inducing firms to import more intermediate goods. Furthermore, trade-liberal environmental provisions in PTAs tend to improve the quality of firms’ export products quality while trade-prohibitive ones have a negative effect. Additionally, environmental provisions in PTAs are particularly beneficial for firms that are less constrained by financing, as well as for state-owned, foreign, medium-sized, and high emission intensity firms. Our research provides support for promoting China’s participation in global governance through environmental provisions in PTAs while realizing high-quality development of foreign trade.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102048"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145158795","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
Green governance: The impact of environmental auditing on carbon emissions in Chinese cities 绿色治理:环境审计对中国城市碳排放的影响
IF 3.4 3区 经济学
Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-09-07 DOI: 10.1016/j.asieco.2025.102040
Zhiyuan Gao , Ziying Jia , Mengwen Hua , Yu Hao
{"title":"Green governance: The impact of environmental auditing on carbon emissions in Chinese cities","authors":"Zhiyuan Gao ,&nbsp;Ziying Jia ,&nbsp;Mengwen Hua ,&nbsp;Yu Hao","doi":"10.1016/j.asieco.2025.102040","DOIUrl":"10.1016/j.asieco.2025.102040","url":null,"abstract":"<div><div>The study manually compiled city-level environmental auditing (EA) data from the National Audit Office to examine how EA influences the advancement of low-carbon development. Using panel data from 281 prefecture-level cities over the period 2008–2021, the research systematically investigates the relationship between EA and carbon emissions. The findings reveal that EA helps reduce urban carbon emissions, primarily by fostering green technological progress and lowering energy consumption. Furthermore, the study validates moderating effects from both micro- and macro-level perspectives: increased public environmental awareness and optimized industrial structure enhance the carbon reduction impact of EA. Heterogeneity analysis indicates that the carbon mitigation effect of EA is more pronounced in cities with greater fiscal investment, non-traditional industrial bases, higher degrees of marketization, and more advanced digital economies. This research not only enriches the literature on carbon emissions but also provides robust empirical evidence and policy recommendations regarding the role of government EA in driving low-carbon transitions and achieving China’s dual carbon goals. The conclusions provide essential guidance for policymakers to optimize EA policies and facilitate China’s economic shift toward sustainable, low-carbon development, which has important theoretical and practical implications.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102040"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049588","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
Environmental constraint and house price: Evidence from China 环境约束与房价:来自中国的证据
IF 3.4 3区 经济学
Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-09-06 DOI: 10.1016/j.asieco.2025.102039
Chen Feng , Bei-Bei Shi , Xue-Cheng Yin , Yi Zeng , Guorui Gao
{"title":"Environmental constraint and house price: Evidence from China","authors":"Chen Feng ,&nbsp;Bei-Bei Shi ,&nbsp;Xue-Cheng Yin ,&nbsp;Yi Zeng ,&nbsp;Guorui Gao","doi":"10.1016/j.asieco.2025.102039","DOIUrl":"10.1016/j.asieco.2025.102039","url":null,"abstract":"<div><div>With the increasingly serious environmental pollution problem, how to effectively curb environmental pollution and reduce corporate emissions has become an important issue that urgently needs to be addressed. A large number of studies evaluating environmental protection policies have overlooked the additional social costs incurred during the environmental governance. Therefore, we systematically analyze the impact of environmental regulation on real estate prices, taking the pilot policy of Sulfur Dioxide Emissions Trading (SDET) in China as an opportunity. The results show that the SDET has led to a significant increase in house prices in the pilot cities, and the magnitude of the increase expands with the increase in the number of participating enterprises and the turnover of emissions trading. The mechanistic tests show that the emissions trading pilot policy has produced a population agglomeration effect while achieving environmental benefits, improved residents' willingness to pay for local housing, and promoted house prices by increasing housing demand. The research conclusions of this paper provide a decision-making reference for the government to consider the environmental effects and social effects as a whole when formulating environmental policies.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102039"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049590","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
Urban rail transit and inner-firm labor–capital rent sharing: Evidence from China 城市轨道交通与企业内部劳动资本租金分担:来自中国的证据
IF 3.4 3区 经济学
Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-09-23 DOI: 10.1016/j.asieco.2025.102049
Zhe Kong, Huanhuan Liang
{"title":"Urban rail transit and inner-firm labor–capital rent sharing: Evidence from China","authors":"Zhe Kong,&nbsp;Huanhuan Liang","doi":"10.1016/j.asieco.2025.102049","DOIUrl":"10.1016/j.asieco.2025.102049","url":null,"abstract":"<div><div>This paper investigates the impact of urban rail transit improvements on rent sharing between labor and capital within firms. By integrating firm-specific human capital accumulation into a Nash bargaining model, we theoretically illustrate that such improvements enhance outside options for both labor and capital, primarily benefiting labor in rent distribution. The empirical analysis, which employs event study methods and panel data from Chinese firms, supports this hypothesis, revealing that urban rail enhancements significantly increase labor’s share of firm rents. However, this effect diminishes as bargaining power of labor increases. This study has important policy implications for administrators in developing countries, who face challenges related to factor income distribution.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102049"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145158942","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
Optimizing the pre-merger notification rule with regulatory data: Empirical analysis from China 基于监管数据的并购前通知规则优化——来自中国的实证分析
IF 3.4 3区 经济学
Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-10-02 DOI: 10.1016/j.asieco.2025.102057
Qiaoqin Xiong , Feng Deng , Hongjun Li , Danxia Xie
{"title":"Optimizing the pre-merger notification rule with regulatory data: Empirical analysis from China","authors":"Qiaoqin Xiong ,&nbsp;Feng Deng ,&nbsp;Hongjun Li ,&nbsp;Danxia Xie","doi":"10.1016/j.asieco.2025.102057","DOIUrl":"10.1016/j.asieco.2025.102057","url":null,"abstract":"<div><div>This paper leverages a regulatory dataset from the China antitrust authority to provide methodological guidance for improving the pre-merger notification rule, examining both its form and level. We simulate the government's decision-making process and use the Receiver Operating Characteristic (ROC) curve to optimize the rule. Our goal is to address concerns about excessively low thresholds or complex criteria (Type I error) and unreasonably high thresholds or singular criteria (Type II error). We find that China's current notification threshold levels tend to be rigid. Relative to the turnover-based \"Size-of-Person\" criterion, the \"Size-of-Transaction\" criterion appears more effective for identifying potential anti-competitive cases in a \"simple and objective\" manner. Although the study is based in China, the techniques and empirical findings are expected to have broader implications.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102057"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145267193","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
Linguistic distance and entrepreneurship of migrants: Evidence from China 语言距离与移民创业:来自中国的证据
IF 3.4 3区 经济学
Journal of Asian Economics Pub Date : 2025-12-01 Epub Date: 2025-09-04 DOI: 10.1016/j.asieco.2025.102037
Guirong Mao , Jia Wu , Qinyang Yao
{"title":"Linguistic distance and entrepreneurship of migrants: Evidence from China","authors":"Guirong Mao ,&nbsp;Jia Wu ,&nbsp;Qinyang Yao","doi":"10.1016/j.asieco.2025.102037","DOIUrl":"10.1016/j.asieco.2025.102037","url":null,"abstract":"<div><div>This study examines how the linguistic distance between migrants’ cities of origin and destination affects their entrepreneurial activities. Utilizing data from the China Migrant Dynamic Survey in 2017, we find that the likelihood of migrants’ entrepreneurial activities in destination cities initially increases with linguistic distance and then declines. This inverted U-shaped relationship emerges from two opposing effects. A modest linguistic difference helps migrants identify business opportunities. We show that migrants from regions with distinct culinary traditions are more likely to start a business in the catering industry to meet the demand for their home cuisine. A longer linguistic difference also introduces difficulties for migrants in adapting to social norms and creates barriers to build social ties and trust. Our findings suggest that promoting a moderate cultural diversity in a region may help stimulate entrepreneurial vitality. (JEL: J15; J61)</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"101 ","pages":"Article 102037"},"PeriodicalIF":3.4,"publicationDate":"2025-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"145049592","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
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