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The inflationary impact of oil price shock in Korea: The role of inflation expectations
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-02-01 DOI: 10.1016/j.asieco.2024.101861
Seojin Lee , Young Min Kim
{"title":"The inflationary impact of oil price shock in Korea: The role of inflation expectations","authors":"Seojin Lee ,&nbsp;Young Min Kim","doi":"10.1016/j.asieco.2024.101861","DOIUrl":"10.1016/j.asieco.2024.101861","url":null,"abstract":"<div><div>This study explores whether inflation expectations amplify the influence of oil price shocks on inflation. By using 1-year and 5-year inflation expectations derived from nominal bond yields, we measure second-round effects based on the inflationary context. Our findings validate the sensitivity of expected inflation to oil shocks and its significant transmission to inflation. Specifically, during periods of high inflation, inflation driven by production costs takes precedence, while in low inflation environments, the second-round effects become the primary driver of inflation responses to oil price fluctuations. Our findings underscore the importance for policymakers to consider the asymmetric transmission of inflation expectations in response to oil price shocks across different inflationary environments when aiming to achieve price stability.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"96 ","pages":"Article 101861"},"PeriodicalIF":2.9,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143145727","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
Housing prices and spousal age gap: Evidence from the chinese housing boom
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-02-01 DOI: 10.1016/j.asieco.2025.101887
Yixuan Cheng , Ruozhi Xu , Zhong Zhao , Xianqiang Zou
{"title":"Housing prices and spousal age gap: Evidence from the chinese housing boom","authors":"Yixuan Cheng ,&nbsp;Ruozhi Xu ,&nbsp;Zhong Zhao ,&nbsp;Xianqiang Zou","doi":"10.1016/j.asieco.2025.101887","DOIUrl":"10.1016/j.asieco.2025.101887","url":null,"abstract":"<div><div>Previous studies find that economic development is usually associated with a decline in the spousal age gap between a husband and wife. However, China’s spousal age gap has been increasing since the 1990s. In China’s marriage market, men are expected to purchase house before marriage, which means that high housing prices can present them with significant financial pressure. This paper estimates the causal relationship between housing prices and spousal age gaps. Our empirical results suggest that higher housing prices significantly increased the spousal age gap among Chinese urban couples between 2000 and 2010. It is noteworthy that men delay marriage more than women due to rising housing prices, suggesting that the widening of the spousal age gap is due to men delaying marriage more.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101887"},"PeriodicalIF":2.9,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143312363","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
Names with rare Chinese characters and mental ill-being
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-02-01 DOI: 10.1016/j.asieco.2024.101860
Huajun Wu , Zongping He , Ning Neil Yu
{"title":"Names with rare Chinese characters and mental ill-being","authors":"Huajun Wu ,&nbsp;Zongping He ,&nbsp;Ning Neil Yu","doi":"10.1016/j.asieco.2024.101860","DOIUrl":"10.1016/j.asieco.2024.101860","url":null,"abstract":"<div><div>This paper presents causal evidence that having rare Chinese characters in people’s names negatively impacts their mental health. We draw on data from the 2019–2022 Jiangsu College Freshmen Mental Health Survey in China, and obtain within-twin estimates of the impacts of rare characters, revealing that they significantly reduce psychological well-being. Students with rare characters in names are more likely to experience mental health issues, including higher depression levels and UPI (University Personality Inventory) scores. Additionally, rare characters are associated with weaker perceived social support and a higher likelihood of adopting negative coping strategies. These findings highlight the psychological disadvantages of having rare characters in names and offer valuable guidance for parents and policymakers.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"96 ","pages":"Article 101860"},"PeriodicalIF":2.9,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143144389","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 development of land-border regions under ASEAN economic integration
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-02-01 DOI: 10.1016/j.asieco.2024.101864
Misa Okabe
{"title":"Economic development of land-border regions under ASEAN economic integration","authors":"Misa Okabe","doi":"10.1016/j.asieco.2024.101864","DOIUrl":"10.1016/j.asieco.2024.101864","url":null,"abstract":"<div><div>Although ASEAN members have achieved economic growth through regional economic integration, the development gap between urban and rural regions remains a key challenge for most members. Economic development in land-border regions, which is still lagging, is also a significant measure to reduce regional disparities. This study examines whether trade liberalisation facilitates or hinders the development of land-border regions among ASEAN members. We estimate the effects of trade with adjacent country on the level of economic activity in the land-border regions of Cambodia, Laos, Myanmar, Thailand, and Vietnam using satellite nighttime light density. Our findings support the positive effects of trade with adjacent country on economic development in land-border regions. Additionally, lower transportation costs and better market access are significant factors that promote economic development in land-border regions. Although the positive effects of participating in regional production networks are still limited, both domestic and international transport infrastructures are significant factors in enabling land-border regions to achieve economic development.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"96 ","pages":"Article 101864"},"PeriodicalIF":2.9,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143145728","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
Why boys tend to engage in bullying behavior more frequently than girls? Evidence from China
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-01-28 DOI: 10.1016/j.asieco.2025.101888
Changhong Li, Xianlang Liu
{"title":"Why boys tend to engage in bullying behavior more frequently than girls? Evidence from China","authors":"Changhong Li,&nbsp;Xianlang Liu","doi":"10.1016/j.asieco.2025.101888","DOIUrl":"10.1016/j.asieco.2025.101888","url":null,"abstract":"<div><div>The issue of school bullying has captured extensive attention across various societal sectors. While the majority of existing research has concentrated on the short-term and long-term impacts of bullying on its victims, there is a notable gap in understanding the intrinsic characteristics and motivations of the perpetrators. This study, focusing on China, investigates the presence of gender disparities among school bullies and the factors that propel these differences. Utilizing data from the China Education Panel Survey, our analysis indicates that boys are more prone to engage in bullying behavior than girls. This finding is not attributed to factors such as boys’ physical strength or strained relationships with their parents, but is instead linked to their affiliations with peers who exhibit delinquent behavior and their increased exposure to violent content on social media platforms. Additionally, a heterogeneity analysis reveals that junior high school students who are non-only-children exhibit a stronger gender difference in bullying behavior. Our findings not only contribute to the existing body of literature on school bullying but also offer valuable insights for educational authorities seeking to develop strategies to reduce the incidence of bullying within school settings.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101888"},"PeriodicalIF":2.9,"publicationDate":"2025-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143311210","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 impacts of clan culture on private investment: Financing substitution and human capital accumulation
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-01-17 DOI: 10.1016/j.asieco.2025.101884
Yan Zhang , Xiaoyang Wang , Wenwen Zhang
{"title":"The impacts of clan culture on private investment: Financing substitution and human capital accumulation","authors":"Yan Zhang ,&nbsp;Xiaoyang Wang ,&nbsp;Wenwen Zhang","doi":"10.1016/j.asieco.2025.101884","DOIUrl":"10.1016/j.asieco.2025.101884","url":null,"abstract":"<div><div>The study uses the manually collected historical data and examines the relationship between the clan culture and private investment choice. It is found that the clan culture has a significantly positive impact on private investment of Chinese household, and enhancing their motivation to buy more risky financial products. After a series of tests including estimating selection bias and considering heterogeneity issue, the conclusions are still robust. Furthermore, the study also finds that this influence acts mainly through financing substitution and human capital accumulation. Overall, this research provides a new understanding of micro financial investment from the perspective of historical economics, thus replenishing the policy implications of informal system.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101884"},"PeriodicalIF":2.9,"publicationDate":"2025-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143311209","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
Intelligent manufacturing and corporate human capital upgrade in China
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-01-15 DOI: 10.1016/j.asieco.2025.101886
Xiaofan Li , Qiaochu Wang , Dongmin Kong , Yunqing Tao
{"title":"Intelligent manufacturing and corporate human capital upgrade in China","authors":"Xiaofan Li ,&nbsp;Qiaochu Wang ,&nbsp;Dongmin Kong ,&nbsp;Yunqing Tao","doi":"10.1016/j.asieco.2025.101886","DOIUrl":"10.1016/j.asieco.2025.101886","url":null,"abstract":"<div><div>This paper investigates whether and how intelligent manufacturing affects corporate human capital upgrade. We employ China’s intelligent manufacturing demonstration project as a quasi-natural experiment. Using a staggered difference-in-differences approach, we find that intelligent manufacturing is positively associated with corporate human capital upgrade. Moreover, it is shown that the capital-technology complementary effect and the enhancement of inventory management efficiency are mechanisms through which intelligent manufacturing promotes corporate human capital upgrade. Finally, our findings are more pronounced among firms in the high-tech industry and firms in the growth stage. Overall, we provide a timely assessment of China’s intelligent manufacturing demonstration project from the new perspective of corporate labor upgrading.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101886"},"PeriodicalIF":2.9,"publicationDate":"2025-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143355701","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
China's labor market demand in the shadow of COVID-19: Evidence from an online job board
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-01-10 DOI: 10.1016/j.asieco.2025.101885
Xiangquan Zeng , Shuai Chu , Xuan Chen
{"title":"China's labor market demand in the shadow of COVID-19: Evidence from an online job board","authors":"Xiangquan Zeng ,&nbsp;Shuai Chu ,&nbsp;Xuan Chen","doi":"10.1016/j.asieco.2025.101885","DOIUrl":"10.1016/j.asieco.2025.101885","url":null,"abstract":"<div><div>Using data of the largest online job board in China, <em>Zhaopin.com</em>, we examine the impacts of the lockdown policy on the Chinese labor market demand during the coronavirus disease (COVID-19) pandemic. The analyses reveal that the lockdown policy, which was implemented in Wuhan on January 23, 2020, reduced the labor market demand drastically. Specifically, the “Number of Companies” that posted weekly job vacancies, “Number of Positions,” and “Number of Employees” to be recruited reduced rapidly by 15.7 %, 18 %, and 23 %, respectively. Furthermore, this impact of the lockdown policy began to reduce, thus allowing the labor demand to rebound four weeks after the outbreak. The heterogeneity analyses reveal that the industries with high physical proximity and those manufacturing non-essential products/services, as well as small-size firms, were greatly impacted by the policy. The adverse impacts in the cities that implemented specific control measures were stronger than in those that did not. This study quantifies the dynamic impacts of China’s stringent control measures on the country’s labor demand during the pandemic. These findings indicate that the effective management of public health crises in conjunction with economic policies is critical to revitalizing labor markets.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101885"},"PeriodicalIF":2.9,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143311207","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
Political connections and bias in ESG news
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-01-08 DOI: 10.1016/j.asieco.2025.101877
Pengfei Chu , Xiaojuan Hou , Guanxia Xie
{"title":"Political connections and bias in ESG news","authors":"Pengfei Chu ,&nbsp;Xiaojuan Hou ,&nbsp;Guanxia Xie","doi":"10.1016/j.asieco.2025.101877","DOIUrl":"10.1016/j.asieco.2025.101877","url":null,"abstract":"<div><div>This study analyzes how political connections influence Environmental, Social, and Governance (ESG) sentiment scores. Using ESG news data from Chinese publicly listed companies, we show that companies with political connections have significantly higher sentiment scores for ESG news than others. However, the effect arises primarily because they leverage the political power derived from these connections to interfere with media coverage rather than due to superior actual ESG performance. The effect is more pronounced in state-owned enterprises, older firms, companies with highly educated executives, and male-dominated firms. We also find that the impact of political power on ESG news is not limited to local areas but extends to other cities, while anti-corruption campaigns significantly mitigate this effect.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101877"},"PeriodicalIF":2.9,"publicationDate":"2025-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143312157","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
Are social norms an obstacle to honest behavior? Theory and experimental evidence
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-01-06 DOI: 10.1016/j.asieco.2024.101875
Keisaku Higashida , Yuki Higuchi , Mohammad Mosharraf Hossain , Mohammad Sujauddin , Ryo Takahashi , Kenta Tanaka
{"title":"Are social norms an obstacle to honest behavior? Theory and experimental evidence","authors":"Keisaku Higashida ,&nbsp;Yuki Higuchi ,&nbsp;Mohammad Mosharraf Hossain ,&nbsp;Mohammad Sujauddin ,&nbsp;Ryo Takahashi ,&nbsp;Kenta Tanaka","doi":"10.1016/j.asieco.2024.101875","DOIUrl":"10.1016/j.asieco.2024.101875","url":null,"abstract":"<div><div>This study theoretically and experimentally investigates the effects of intrinsic dishonesty costs and other-regarding preferences reflecting social norms on honest behavior when people have the opportunity to act collaboratively and conduct mutual monitoring. We set up a theoretical model to clarify this effect and, then, report the results of a series of lab-in-the-field experiments conducted in two communities of Bangladesh, villages in the Chittagong Hill Tracts and the University of Chittagong. The participants played a trust game and a confidential die-roll game. Our experimental results show that mutual monitoring helped to increase honest behavior in both the traditional and university communities, but worked more effectively in the latter compared to the former. As predicted by our theoretical model, other-regarding preferences worked differently by significantly discouraging honest behavior among the community leaders but encouraging honest behavior among the students.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"97 ","pages":"Article 101875"},"PeriodicalIF":2.9,"publicationDate":"2025-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143312158","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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