Journal of Asian Economics最新文献_第2页

Carbon dioxide emission reduction effects of non-economic sector tournaments: Evidence from the national civilized city selection

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-02-22 DOI: 10.1016/j.asieco.2025.101902

Xuewei Su , Kaike Wang

{"title":"Carbon dioxide emission reduction effects of non-economic sector tournaments: Evidence from the national civilized city selection","authors":"Xuewei Su , Kaike Wang","doi":"10.1016/j.asieco.2025.101902","DOIUrl":"10.1016/j.asieco.2025.101902","url":null,"abstract":"<div><div>High-quality economic development necessitates considering the environmental and economic advantages of green and low-carbon growth. Unlike “GDP” promotion tournaments, in non-economic sector tournaments (NESTs), the central government selects cities from various perspectives. It assesses officials’ performance in social civilization and environmental management. National Civilized City Selection (NCCS) awards honorary titles and enhances the brand of winning cities through competition and recognition, avoiding uneven economic growth caused by excessive attention to economic benefits. This study examines NCCS as a key example of NEST and uses a multi-period difference-in-differences (DID) model to explore how effective NESTs are at reducing carbon dioxide (CO<sub>2</sub>) emissions. Results show that NCCS significantly lowers CO<sub>2</sub> intensity while promoting economic and environmental benefits. Mechanism analysis indicates that NCCS achieves this by encouraging greener production, optimizing energy consumption, and strengthening environmental regulations. Moreover, NCCS improves social welfare in winning cities. Cities with more substantial political incentives and higher public environmental literacy exhibit better governance outcomes. Additionally, the NEST framework is particularly effective in reducing CO<sub>2</sub> intensity in large, non-resource-based cities and regions with varying development levels.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"98 ","pages":"Article 101902"},"PeriodicalIF":2.9,"publicationDate":"2025-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143521027","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

Impact of banking uncertainty on firm opacity: Evidence from Vietnam

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-02-22 DOI: 10.1016/j.asieco.2025.101905

Japan Huynh

引用次数: 0

Home or institution: A comparative analysis of elderly care efficacy in China

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-02-22 DOI: 10.1016/j.asieco.2025.101894

Chunfeng Zhang, Xiaoyan Lei

{"title":"Home or institution: A comparative analysis of elderly care efficacy in China","authors":"Chunfeng Zhang, Xiaoyan Lei","doi":"10.1016/j.asieco.2025.101894","DOIUrl":"10.1016/j.asieco.2025.101894","url":null,"abstract":"<div><div>Institutional care and home-based care represent two fundamental components of elderly care systems across Asian countries. This study leverages the exogenous shock induced by the Long-Term Care Insurance (LTCI) pilot program in China to comparatively assess the efficacy of institutional versus home-based care. The analysis reveals that, relative to home-based care, institutional care more effectively addresses the caregiving needs of the elderly and enhances their access to medical services. However, it also entails higher caregiving costs and may contribute to negative outcomes, such as accelerated cognitive decline, deterioration in instrumental activities of daily living (IADL), and impaired vision, although it does not appear to increase short-term mortality risk. Further investigation suggests that these adverse effects may be linked to limited social engagement and reduced daily activities within institutional settings. These results underscore the critical need for care systems to address not only the basic care and medical requirements of the elderly but also their higher-level needs to improve their overall well-being.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"98 ","pages":"Article 101894"},"PeriodicalIF":2.9,"publicationDate":"2025-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143549438","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 robot adoption on firm’s OFDI: Evidence from China

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-02-20 DOI: 10.1016/j.asieco.2025.101901

Shuzhong Ma , Peng Wu , Chao Fang

引用次数: 0

Interest rate liberalization and the procyclicality of the bank liquidity buffer: Evidence from China

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-02-20 DOI: 10.1016/j.asieco.2025.101904

Hai Jiang , Yunfan Zhu , Chao Yuan , Xiaolin Zhang

引用次数: 0

Exploring the influence of extreme heat on corporate energy efficiency

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-02-16 DOI: 10.1016/j.asieco.2025.101899

Xiaojuan Hou , Ruojun Xiang

{"title":"Exploring the influence of extreme heat on corporate energy efficiency","authors":"Xiaojuan Hou , Ruojun Xiang","doi":"10.1016/j.asieco.2025.101899","DOIUrl":"10.1016/j.asieco.2025.101899","url":null,"abstract":"<div><div>This paper aims to assess how extreme heat affects the energy efficiency of enterprises. By using the samples of industrial enterprises in China from 2001 to 2009, our findings indicate that with each unit rise in standardized temperature, the energy efficiency of enterprises improves by 0.2 %. This scenario can reduce the energy cost of an enterprise by 52,434 yuan. Our estimates provide robust evidence even after addressing endogeneity issues such as firm relocation. Furthermore, we find that in regions with higher levels of economic development, firms facing greater financing constraints, low-energy-consuming firms, and large-scale enterprises experience a positive impact of extreme heat on energy efficiency. Mechanism analysis demonstrates that extreme heats can promote capital renewal, production process innovation, and energy structure restructuring, which can improve energy efficiency. In further analysis, we assess the environmental benefits brought about by the energy efficiency improvement caused by extreme heats. We also explore the factors that affecting the relationship between extreme heats and energy efficiency, with local environmental regulations, fiscal subsidies, and financial development being effective catalysts. These findings supplement the insufficient literature on the response behavior of enterprises facing extreme heats.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101899"},"PeriodicalIF":2.9,"publicationDate":"2025-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143445434","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 government industrial funds on the innovation of SMEs in China

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-02-15 DOI: 10.1016/j.asieco.2025.101898

Yuxin Zhang, Yaodong Zhou

{"title":"The impact of government industrial funds on the innovation of SMEs in China","authors":"Yuxin Zhang, Yaodong Zhou","doi":"10.1016/j.asieco.2025.101898","DOIUrl":"10.1016/j.asieco.2025.101898","url":null,"abstract":"<div><div>This study examines the impact and mechanism of government industrial fund (GIF) investment on small and medium-sized enterprises’ (SMEs) innovation. Conducting empirical research on China’s National Equities Exchange and Quotation (NEEQ) listed companies from 2015 to 2021 using a time-varying difference-in-differences approach, we determine that GIF investment can significantly promote SMEs’ innovation input and output and the effect is superior to other forms of venture capital in promoting the innovation output. Heterogeneity analysis demonstrates that GIFs exert a more significant innovation-driven impact on those firms with relatively higher technology intensity and those who adopt market-based trading methods. We also determine that GIFs function as a guiding and synergistic investor in promoting investee firms’ innovation and identify that for more balanced investor structure on joint-investments, the innovation driven effect is more significant. Mechanism tests reveal that the main mechanisms of GIF investment on enterprise’s innovation are to improve decision-making scheme by standardizing corporate governance and to stimulate motivation by improving the efficiency of the property rights trading and promoting the market-oriented pricing of the innovation value. The results of this study provide novel evidence regarding the impact of GIFs on SMEs’ innovation in the context of the rapidly growing equity investment market in China and put forward some new ways to reveal the mechanism of the findings. Our findings may provide some valuable insights for improving the function of GIFs in emerging markets that may stimulate the innovation vitality and promote sustainable development.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101898"},"PeriodicalIF":2.9,"publicationDate":"2025-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143453132","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

Subways and scientists' productivity under the NSFC program: Evidence from China

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-02-14 DOI: 10.1016/j.asieco.2025.101900

Xuan Leng , Yichuan Zhang , Jiaxin He

{"title":"Subways and scientists' productivity under the NSFC program: Evidence from China","authors":"Xuan Leng , Yichuan Zhang , Jiaxin He","doi":"10.1016/j.asieco.2025.101900","DOIUrl":"10.1016/j.asieco.2025.101900","url":null,"abstract":"<div><div>This study investigates the impact of subway openings in Chinese cities on scientists’ productivity. Using the data from the National Natural Science Foundation of China, a difference-in-differences method is employed to explore the causal relationship between search costs and scientists’ productivity. We find subway openings significantly increase scientist’s productivity, particularly in terms of the number of publications and its’ quality. Regarding the underlying mechanism, we show that scientific collaboration and talent attraction both contribute to productivity. Furthermore, heterogeneous analysis reveals that the impact of subway openings on productivity is more pronounced among Double First-Class universities, young scholars, and disciplines requiring frequent face-to-face communication. Additionally, this research integrates face-to-face communication via subway access with online communication through Broadband China construction into a comprehensive framework. The findings suggest that while both modes of communication boost the scientists’ publication quantity, but only face-to-face interaction improves its’ quality.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101900"},"PeriodicalIF":2.9,"publicationDate":"2025-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143453131","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

Exchange rate pass-through in Nepal

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-02-12 DOI: 10.1016/j.asieco.2025.101897

Anil Lama , Birendra Bahadur Budha , K.P. Prabhesh , Sona Rana

引用次数: 0

Can overseas R&D improve domestic industry-university-research institutions’ cooperation?

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-02-10 DOI: 10.1016/j.asieco.2025.101896

Yunshi Cao, Meini Jiang, Jun Shen

引用次数: 0