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Does increasing robot density exacerbate wealth inequality? 机器人密度的增加是否会加剧财富不平等？
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-10-11 DOI: 10.1016/j.asieco.2024.101830
Nan Jia , Xueling Yan , Shule Yu
{"title":"Does increasing robot density exacerbate wealth inequality?","authors":"Nan Jia ,&nbsp;Xueling Yan ,&nbsp;Shule Yu","doi":"10.1016/j.asieco.2024.101830","DOIUrl":"10.1016/j.asieco.2024.101830","url":null,"abstract":"<div><div>This article expands the economic consequences of applying automation technology beyond the labor market to encompass wealth distribution. It empirically investigates the effects of changes in robot density on household wealth inequality and potential mechanisms. By using three-digit industry codes provided by the China Census 1 % sampling data in 2015, this paper achieves a more accurate matching of industrial robot data with individual data and employs instrumental variables to alleviate potential endogeneity bias. This paper finds that increasing robot density exacerbates the inequality of family wealth, and this effect has a particularly significant impact on young labor force and workers with low education. Its impact mechanism may come from the inequality of employment difficulty and the increase of the non-transferability of human capital. This study is of great importance to deeper understand the economic consequences of the accelerated use of automation technology and accurately formulate public policies to narrow the wealth gap.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101830"},"PeriodicalIF":2.9,"publicationDate":"2024-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142533822","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
Does government-driven infrastructure boost green innovation? Evidence of new infrastructure plan in China 政府推动的基础设施能否促进绿色创新？中国新基础设施计划的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-10-11 DOI: 10.1016/j.asieco.2024.101828
Fan Zhang , Feng Wang , Shujie Yao
{"title":"Does government-driven infrastructure boost green innovation? Evidence of new infrastructure plan in China","authors":"Fan Zhang ,&nbsp;Feng Wang ,&nbsp;Shujie Yao","doi":"10.1016/j.asieco.2024.101828","DOIUrl":"10.1016/j.asieco.2024.101828","url":null,"abstract":"<div><div>The role of government-driven investment in improving environmental quality has long been an essential concern of environmental research. Using a spatial difference-in-differences model, this study investigates the influence of government-driven new infrastructure investment on green innovation. Based on a panel dataset of 276 Chinese cities from 2005 to 2019, we find a positive effect of high-speed rail (HSR) and smart city (SC) construction on green innovation. Compared with cities that are unconnected to the HSR network, those that are accessible by HSR experienced a 20.6 % increase in per capita green patents. In addition, being a SC planned by the government is associated with 14.8 % more green patents per capita than other cities. Moreover, government-promoted new infrastructure has significant spatial spillover effects on green innovation in adjacent cities. Regional sensitivity is found in promotional and spatial spillover effects. The findings of our study offer essential insights for developing effective policies for advancing infrastructure modernization and environmental protection simultaneously.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101828"},"PeriodicalIF":2.9,"publicationDate":"2024-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142433315","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
Cost of escaping air pollution: A way to prevent excessive expansion of industrial areas 逃避空气污染的代价：防止工业区过度扩张的方法
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-10-11 DOI: 10.1016/j.asieco.2024.101823
I-Chun Tsai
{"title":"Cost of escaping air pollution: A way to prevent excessive expansion of industrial areas","authors":"I-Chun Tsai","doi":"10.1016/j.asieco.2024.101823","DOIUrl":"10.1016/j.asieco.2024.101823","url":null,"abstract":"<div><div>To pursue economic growth, many emerging markets prioritize providing land and resources to industries rather than people, resulting in people being forced to relocate. This paper uses Taiwan’s largest industrial city (Kaohsiung) as an example to discuss the negative spillover effect brought about by its most polluted industrial area (the Kaohsiung Linhai Industrial Park, KLIP). This study finds that the proximity between residences and the pollution sources and air pollution severity both cause housing prices to decrease. The results also show that among different air pollution indicators, SO<sub>2</sub> concentration exerts the largest influence on housing prices. This may be because the SO<sub>2</sub> emitted by large coal-fired power plants and oil refineries in the KLIP is linked to pollution-based haze and creates a visible atmospheric brown haze. By discussing the industrial park’s air pollution problem, this paper illustrates the harm of the overdevelopment of an industrial park. To prevent people’s relocation events resulting from the overdevelopment of an industrial park occurring in the future, we must regularly estimate the shadow price that residents living near the industrial park are required to pay to escape air pollution. This paper also puts forward suggestions that contribute to the sustainable development of industrial parks.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101823"},"PeriodicalIF":2.9,"publicationDate":"2024-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142433316","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
Inflation targeting and monetary policy response in India 印度的通胀目标和货币政策对策
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-10-11 DOI: 10.1016/j.asieco.2024.101822
Abhay Pratap Raghuvanshi, Wasim Ahmad
{"title":"Inflation targeting and monetary policy response in India","authors":"Abhay Pratap Raghuvanshi,&nbsp;Wasim Ahmad","doi":"10.1016/j.asieco.2024.101822","DOIUrl":"10.1016/j.asieco.2024.101822","url":null,"abstract":"<div><div>India adopted the Flexible Inflation Targeting (FIT) regime in 2016 under the mentorship of the Monetary Policy Committee (MPC). With FIT’s introduction, the effectiveness of monetary policy transmission channels required a re-visit and this paper is a valuable contribution in this direction. Using the multivariate model with an augmented Bayesian set- up, we find that FIT-MPC has strengthened the credit and interest rate channels while their impact on output has weakened. The impact of Operation Twist – a set of unconventional measures pursued during the pandemic is visible. Overall, the findings highlight the overhauling effect of monetary policy transmission in the Indian context.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101822"},"PeriodicalIF":2.9,"publicationDate":"2024-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142444966","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
Confucian culture, public education expenditure, and economic growth 儒家文化、公共教育支出与经济增长
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-10-10 DOI: 10.1016/j.asieco.2024.101827
Junbing Zhu
{"title":"Confucian culture, public education expenditure, and economic growth","authors":"Junbing Zhu","doi":"10.1016/j.asieco.2024.101827","DOIUrl":"10.1016/j.asieco.2024.101827","url":null,"abstract":"<div><div>Confucian culture has been found to have significant effects on economic outcomes, yet current studies seldom delve into its impact on regional economic growth in China and the role of government behavior as a mechanism. From the perspective of government response to public demands for education, this paper examines whether Confucian culture fosters economic growth by driving up public education expenditure. Using panel data at the prefecture-level over 2003–2018 and taking the historical population density of <em>jinshi</em> in the Ming and Qing Dynasties as the proxy of the Confucian culture, the empirical analysis is done mainly through pooled OLS and IV analysis. Results show that Confucian culture has a significant and positive effect on economic growth, which can be partially explained by its positive influence on public education expenditure. The channel still holds after controlling human capital in regression. Further discussion of the clan culture and local governors’ cultural backgrounds suggests that higher public education expenditure results from the local government’s passive response to public demands for education. Thus, local governments are suggested to widen and improve the channels for expressing public demands and increase public education expenditure while balancing public demands and the need to boost economic growth.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101827"},"PeriodicalIF":2.9,"publicationDate":"2024-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142444964","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 digitization in manufacturing on female employment and gender wage gap 制造业数字化对女性就业和性别工资差距的影响
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-10-10 DOI: 10.1016/j.asieco.2024.101821
Yunxia WU , Lei LI , Yanyan Zheng
{"title":"The impact of digitization in manufacturing on female employment and gender wage gap","authors":"Yunxia WU ,&nbsp;Lei LI ,&nbsp;Yanyan Zheng","doi":"10.1016/j.asieco.2024.101821","DOIUrl":"10.1016/j.asieco.2024.101821","url":null,"abstract":"<div><div>This paper comprehensively examines the impact of digitization in manufacturing on female employment and the gender wage gap, utilizing data from Chinese manufacturing enterprises. The findings indicate that digitization creates more employment opportunities for female workers, increases their employment share, and narrows the gender wage gap. Notably, the increase in female employment due to digitization is more pronounced in private enterprises, as well as in the eastern and central regions, particularly within low-tech industries. Similarly, the effect of digitization on reducing the gender wage gap is most significant in private enterprises, eastern regions, and low-tech sectors. The mechanism underlying these changes suggests that manufacturing digitization enhances female employment through increased output and productivity, thereby contributing to a reduction in the gender wage gap. This study holds significant value for advancing digitization and promoting gender equality in the labor market.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101821"},"PeriodicalIF":2.9,"publicationDate":"2024-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142422123","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
Data policy restrictions and cross-border E-commerce: Evidence from China 数据政策限制与跨境电子商务：来自中国的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-10-10 DOI: 10.1016/j.asieco.2024.101826
Shuzhong Ma , Sishi Huang , Peng Wu
{"title":"Data policy restrictions and cross-border E-commerce: Evidence from China","authors":"Shuzhong Ma ,&nbsp;Sishi Huang ,&nbsp;Peng Wu","doi":"10.1016/j.asieco.2024.101826","DOIUrl":"10.1016/j.asieco.2024.101826","url":null,"abstract":"<div><div>In the era of digital economics, data has become a crucial factor in driving cross-border e-commerce (CBEC). We examine the impact of data policy restrictions on CBEC, focusing on the Chinese context. Using a theoretical framework that analyzes the costs and benefits of data protection regulations, we delve into the economic effects of these policies. The results show that data policies in importing countries have a substantial negative impact on China’s CBEC exports. The heterogeneous analysis shows that this negative impact is stronger for products that are more differentiated, industries that are more highly-digital and high-tech, and countries with higher income. We also estimate the moderating role of data comparative advantage. The results reveal that the trade-inhibiting effect of data restriction increases with the enhancement of importing countries’ data comparative advantage. Finally, economic freedom in the importing country can mitigate the negative impact of data policy restrictions.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101826"},"PeriodicalIF":2.9,"publicationDate":"2024-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142533821","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
International comparison of the impact of digital transformation on employment 数字化转型对就业影响的国际比较
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-10-06 DOI: 10.1016/j.asieco.2024.101820
Jing You , Xiangyu Xu , Deng Liao , Chen Lin
{"title":"International comparison of the impact of digital transformation on employment","authors":"Jing You ,&nbsp;Xiangyu Xu ,&nbsp;Deng Liao ,&nbsp;Chen Lin","doi":"10.1016/j.asieco.2024.101820","DOIUrl":"10.1016/j.asieco.2024.101820","url":null,"abstract":"<div><div>Theoretical analysis in this paper examines the impact of digital transformation on employment and its transmission mechanisms. It proposes that regional characteristics, such as market size, industry structure, and labor structure, are important factors influencing the employment effect of digital transformation. Empirically, this paper analyzes the employment effect of digital transformation using economic panel data from 68 countries spanning the years 2013–2019 and finds that: 1) In terms of employment, digital transformation is dominated by the substitution effect. In terms of wages, digital transformation presents wage-rising effects. 2) Large market size and advanced industry structure significantly mitigate the employment substitution effect and enhance the wage-rising effect. 3) The skillization of labor structure has no significant impact on the employment substitution effect of digital transformation, but it significantly enhances the wage-raising effect. 4) Developing countries experience a more pronounced employment substitution effect from digital transformation, while developed countries witness a more prominent wage-increasing effect. The robustness of these results has been confirmed after introducing a one-period lag in the explanatory variables and utilizing instrumental variables. These findings of this paper offer valuable insights for achieving a balance between equity and efficiency in the context of digital transformation.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101820"},"PeriodicalIF":2.9,"publicationDate":"2024-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142553409","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
Food inflation and monetary policy in emerging economies 新兴经济体的粮食通胀和货币政策
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-10-05 DOI: 10.1016/j.asieco.2024.101817
Janesh Sami , Keshmeer Makun
{"title":"Food inflation and monetary policy in emerging economies","authors":"Janesh Sami ,&nbsp;Keshmeer Makun","doi":"10.1016/j.asieco.2024.101817","DOIUrl":"10.1016/j.asieco.2024.101817","url":null,"abstract":"<div><div>The rising inflationary pressure has been linked with supply-side disruptions and rising energy and food prices against the background of the COVID-19 pandemic and the Russia-Ukraine crisis. This paper investigates the role of monetary policy in stabilizing food inflation in emerging economies (India, China, Brazil, Russia, and South Africa). We also investigate the causal linkage between monetary policy and food inflation using frequency domain-based Granger causality and find strong feedback causal effects between food inflation and monetary policy changes. Our results are robust to different estimation methodologies, possible asymmetry, and alternative model specifications, which include climate change. While oil prices, world food prices, and exchange rates have heterogeneous effects on domestic food inflation, a contractionary monetary policy stance leads to a decline in domestic food inflation in all countries. Thus, we provide strong evidence that well-coordinated macroeconomic policies in emerging economies are essential for stabilizing food inflation.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101817"},"PeriodicalIF":2.9,"publicationDate":"2024-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142533791","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
Labour rights protection and export expansion: Evidence from SA8000 certification 劳工权利保护与出口扩张：SA8000 认证的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2024-10-05 DOI: 10.1016/j.asieco.2024.101816
Yuping Deng, Jinxiao Yang, Jiamei Liu
{"title":"Labour rights protection and export expansion: Evidence from SA8000 certification","authors":"Yuping Deng,&nbsp;Jinxiao Yang,&nbsp;Jiamei Liu","doi":"10.1016/j.asieco.2024.101816","DOIUrl":"10.1016/j.asieco.2024.101816","url":null,"abstract":"<div><div>Protecting labour rights is an important approach to shaping the new advantages of trade competition and achieving high-quality development of China’s export trade. This paper considers SA8000 certification as the criterion for labour rights protection and manually collects information from firms certified by the National Certification and Accreditation Administration of China. Next, we investigate the effects of SA8000 certification on firm exports. The results show that SA8000 certification significantly expands the export scale while improving export quality. The mechanism analysis shows that the improvement effects are achieved in three ways: reducing operating costs, improving social reputation and increasing labour efficiency. Moreover, the positive effects of SA8000 certification are more profound for resource-intensive firms, non-state-owned firms and large firms. Our study provides an important reference for safeguarding labour rights and reconstructing new competitive advantages in exports.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101816"},"PeriodicalIF":2.9,"publicationDate":"2024-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142422212","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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