Journal of Asian Economics最新文献_第2页

Understanding the product structure of exporters: The role of intellectual property protection in export origins 了解出口商的产品结构：知识产权保护在出口原产地中的作用

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-16 DOI: 10.1016/j.asieco.2025.101980

Xiaotian Hu , Xiaopeng Yin

{"title":"Understanding the product structure of exporters: The role of intellectual property protection in export origins","authors":"Xiaotian Hu , Xiaopeng Yin","doi":"10.1016/j.asieco.2025.101980","DOIUrl":"10.1016/j.asieco.2025.101980","url":null,"abstract":"<div><div>Adjusting the structure of export products is crucial for exporters to respond to export market competition and cost changes. The existing literature has identified firm-level factors, such as productivity, and industry-level factors, such as trade liberalisation, as important determinants of an exporter’s export product structure. However, the institutional quality has received less attention. Using data from Chinese manufacturing exporters from 2000 to 2007, we examine the impact of province-industry level intellectual property protection (IPP) in export origins on product-adding and product-dropping rates of manufacturing exporters from the perspective of institutional quality. We employed an instrumental variable approach to solve the endogeneity problem of the IPP variable. The findings demonstrate that strengthening IPP at origins raises exporters’ product-adding and product-dropping rates, conditional on their production. Exporters can achieve this promotional effect on product-adding and product-dropping rates by transforming towards more downstream production and integrating more vertically along their value chains. Additionally, strengthening IPP can increase the product-adding rate of exporters by encouraging more innovative activities and foreign direct investment absorption and can raise the product-dropping rate by reducing the varieties of imported intermediate goods. In the heterogeneity analysis, we find this product structure effect is insignificant for digital trade exporters. Our findings provide important policy implications for IPP reforms towards export upgrading.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"100 ","pages":"Article 101980"},"PeriodicalIF":2.9,"publicationDate":"2025-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144563861","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

Open government data and personal default: Evidence from China 公开政府数据和个人违约：来自中国的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-10 DOI: 10.1016/j.asieco.2025.101978

Qingfang Wei , Yuan Liu , Weixing Cai , Jiangtao Wan

引用次数: 0

Firms’ labor market and evasion responses to the minimum social security contributions 企业劳动力市场与对最低社保缴费的规避反应

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-08 DOI: 10.1016/j.asieco.2025.101977

Liu Tian

{"title":"Firms’ labor market and evasion responses to the minimum social security contributions","authors":"Liu Tian","doi":"10.1016/j.asieco.2025.101977","DOIUrl":"10.1016/j.asieco.2025.101977","url":null,"abstract":"<div><div>This study examines the effects of raising social security contributions on firms’ wages and employment and reveals the importance of combining labor market effects with enforcement stringency for comprehensive evaluations. We focus particularly on the minimum contribution requirement in China’s social security program. By exploiting its city-by-year variations, we find robust evidence that an increase in the minimum contribution base would reduce both firms’ average wage and employment, and induce more evasion. When non-compliance is more likely, firms tend to evade more and reduce less in wages and employment. Heterogeneous analysis shows that firms with different characteristics tend to employ different instruments to reduce the contribution burden. Our estimates also indicate that firms exhibit a greater sensitivity to the minimum contribution base compared to the employers’ contribution rate. These results underscore the importance of the minimum base in influencing firms’ labor market responses and highlight the interactions between evasion and labor market responses in addressing the increase in social security contributions.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"100 ","pages":"Article 101977"},"PeriodicalIF":2.9,"publicationDate":"2025-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144471891","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

Economic catch-up of BRICS and escape factors from the middle-income trap from a Schumpeterian perspective 熊彼特视角下的金砖国家经济追赶与中等收入陷阱逃逸因素

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-06 DOI: 10.1016/j.asieco.2025.101966

Jongho Lee , Eunah Hong , Junhee Han

引用次数: 0

How does fiscal policy affect green innovation development? Evidence from 30 provinces in China 财政政策如何影响绿色创新发展？来自中国30个省份的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-06-03 DOI: 10.1016/j.asieco.2025.101967

Ran Zhao, Yuhan Zhao, Pinglin He

{"title":"How does fiscal policy affect green innovation development? Evidence from 30 provinces in China","authors":"Ran Zhao, Yuhan Zhao, Pinglin He","doi":"10.1016/j.asieco.2025.101967","DOIUrl":"10.1016/j.asieco.2025.101967","url":null,"abstract":"<div><div>Green innovation development mode has emerged as a critical driver of high-quality development in China. Utilizing panel data from 30 Chinese provinces (2007–2023), this study investigates the role of fiscal policy on green innovation development (<em>GID</em>) with mediation and conditional process models. Our findings indicate that fiscal science and technology (S&T) expenditure significantly promotes GID, and this effect is most pronounced in regions with a robust digital economy policy, stronger intellectual property rights (<em>IPR</em>) protection, a talent-driven economy, and the central provinces. Meanwhile, Green technology innovation has a primary mediation effect, while green tax negatively moderates the mediating role of green technology innovation between fiscal S&T expenditure and GID. Furthermore, the threshold effect reveals that fiscal pressure can enhance the main relationship. Potential reasons are that the central government's green development orientation forces high-pressure local governments to generate new economic growth. This study contributes a deeper understanding of the dynamic interactions between financial resources, government behaviour and green innovation, providing valuable insights for optimizing policy frameworks. It also offers some references for other developing countries.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"100 ","pages":"Article 101967"},"PeriodicalIF":2.9,"publicationDate":"2025-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144212682","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 hidden benefit of environmental regulation: Evidence from a quasi-experiment in China 环境监管的隐性利益：来自中国准实验的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-30 DOI: 10.1016/j.asieco.2025.101965

Maoyu Gong , Ning Zhang

引用次数: 0

Is central bank resilience vulnerable to climate risks? The role of exchange rate stability and green policies 央行的韧性是否容易受到气候风险的影响？汇率稳定与绿色政策的作用

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-29 DOI: 10.1016/j.asieco.2025.101964

Farzan Yahya , Chien-Chiang Lee , Pei-Fen Chen

{"title":"Is central bank resilience vulnerable to climate risks? The role of exchange rate stability and green policies","authors":"Farzan Yahya , Chien-Chiang Lee , Pei-Fen Chen","doi":"10.1016/j.asieco.2025.101964","DOIUrl":"10.1016/j.asieco.2025.101964","url":null,"abstract":"<div><div>This study provides the first comprehensive empirical investigation into how climate risk undermines central bank resilience—a critical yet understudied dimension of the climate-financial stability nexus. Using panel data from 115 countries (1998–2020) and robust econometric approaches addressing endogeneity, we document that heightened climate vulnerability significantly impairs central bank independence, transparency, and solvency. We uncover a previously unexplored transmission mechanism wherein climate shocks pressure central banks toward exchange rate stabilization, granting them limited operational discretion while eroding institutional transparency. Notably, we identify two potential shields against these detrimental effects: central bank green policies and financial openness. Our heterogeneity analysis reveals striking regional and structural patterns, with central banks in the Americas facing the highest vulnerability globally. The negative impact intensifies in environments characterized by high output volatility, elevated government debt, cultural opacity, low interest rates, and weak democratic institutions. These findings have profound implications for monetary policy frameworks in an era of climate uncertainty and offer actionable guidance for strengthening central bank resilience against escalating environmental threats.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101964"},"PeriodicalIF":2.9,"publicationDate":"2025-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144203391","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

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

The impact of the Serious Accidents Punishment Act on corporate ESG: Evidence from Korea 重大事故处罚法对企业ESG的影响：来自韩国的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-22 DOI: 10.1016/j.asieco.2025.101959

Kyunghyun Kim , Seongmin Seo

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