Journal of Asian Economics最新文献_第3页

Dynamic impact of shadow economy and corruption on environmental sustainability: What role renewable energy consumption play in case of South Asian Economies 影子经济和腐败对环境可持续性的动态影响：可再生能源消费在南亚经济体中的作用

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-07-09 DOI: 10.1016/j.asieco.2024.101784

{"title":"Dynamic impact of shadow economy and corruption on environmental sustainability: What role renewable energy consumption play in case of South Asian Economies","authors":"","doi":"10.1016/j.asieco.2024.101784","DOIUrl":"10.1016/j.asieco.2024.101784","url":null,"abstract":"<div><p>The South Asian region has a wide range of problems that significantly influence its path towards environmental sustainability. The region's rapid population expansion, rising urbanization rates, rising industry, and increasing resource demands primarily determine these challenges. The quest for environmental sustainability in this setting is complex and multidimensional, made more difficult by the shadow economy, corruption, and the need to improve renewable energy alternatives. Therefore, the current study examines the multifaceted and interrelated dynamics of the shadow economy, corruption, economic inequality, and environmental sustainability in South Asian nations from 2004 to 2018. We have used sophisticated methodological strategies to tackle cross-section dependence, non-stationarity, and heterogeneity issues by employing a pooled mean group (PMG). However, we use panel FMOLS and DOLS techniques for robustness checks. The findings of the PMG analysis show that the shadow economy, corruption, and industrialization significantly negatively impact environmental sustainability. On the other hand, renewable energy consumption and urbanization are positive and substantial elements that lead to improved environmental sustainability. The robust procedures applied to check the consistency of the estimators also confirmed the long-run relationship among variables. Research findings suggest that reinforcing legal frameworks for environmental rules is crucial for adherence. Incentives such as legal protection and financial rewards can encourage environmental responsibility among businesses, reducing shadow economy operations and risks. Promoting renewable energy resources and urbanization helps to support a sustainable green economy.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141638405","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

Demonetisation and labour force participation in India: The impact of governance and political alignment 印度的货币化和劳动力参与：治理和政治协调的影响

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-07-02 DOI: 10.1016/j.asieco.2024.101782

Pritha Dev , Jeemol Unni

{"title":"Demonetisation and labour force participation in India: The impact of governance and political alignment","authors":"Pritha Dev , Jeemol Unni","doi":"10.1016/j.asieco.2024.101782","DOIUrl":"https://doi.org/10.1016/j.asieco.2024.101782","url":null,"abstract":"<div><p>This paper considers the demonetisation event of November 2016 in India and its impact on labour force participation and incomes with a view to understand the role of governance in how individuals weathered the shock. We measure governance at the state level by measuring if the state was ruled by Bhartiya Janta Party at the time of demonetisation which was also the ruling party in the centre under whom demonetisation was introduced. We use a difference in difference approach to compare outcomes before and after demonetisation for individuals in politically aligned states. We control for financial inclusion by the banking penetration at the state level and whether individuals had a bank account. We find evidence of a gendered impact of the macroeconomic shock of demonetisation. While we find that demonetisation is associated with an overall drop in labour force participation, we find that individuals residing in BJP ruled states fared relatively better and this was particularly true for females. We find that while incomes continued to rise post demonetisation, individuals residing in BJP ruled states had relatively better outcomes. We additionally controlled for states which were up for election in 2017 and find that individuals in states which were BJP ruled and up for reelections showed better employment and income outcomes.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141582472","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 heterogenous effects of initial labor market conditions on entrants' careers across types of colleges 不同类型学院的初始劳动力市场条件对新生职业生涯的不同影响

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-06-30 DOI: 10.1016/j.asieco.2024.101781

Kyeongah Lee

引用次数: 0

Gender preference in China: A study with indirect utility function 中国的性别偏好：间接效用函数研究

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-06-29 DOI: 10.1016/j.asieco.2024.101780

Lingli Xu , Chunrong Ai , Jonathan Hamilton

引用次数: 0

An extended event study methodology and its application in the HNA group's overseas market contraction 扩展事件研究方法及其在海航集团海外市场收缩中的应用

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-06-26 DOI: 10.1016/j.asieco.2024.101783

Xiuzhenzi Wang , Yunjie Wei , Linjun Wang , Shouyang Wang

{"title":"An extended event study methodology and its application in the HNA group's overseas market contraction","authors":"Xiuzhenzi Wang , Yunjie Wei , Linjun Wang , Shouyang Wang","doi":"10.1016/j.asieco.2024.101783","DOIUrl":"https://doi.org/10.1016/j.asieco.2024.101783","url":null,"abstract":"<div><p>This paper introduces a novel framework for analyzing the performance of cross-border merger and acquisition (M&A) activities in international business. It investigates whether the contraction of overseas market activities can mitigate financial crises, using the case study of a Chinese multinational enterprise (MNE). Traditional event study methodology, commonly used for assessing business performance changes, relies on assumptions of normality and homoscedasticity in data. However, real financial data often exhibits high volatility and non-normal distribution, rendering traditional methods inadequate for estimation. To address this limitation, we propose an enhanced analytical framework integrating the Shapiro–Wilk test, event studies, quantile regression, and nonparametric rank tests. This approach provides more robust estimates, facilitating a more accurate and comprehensive analysis of business performance changes under specific events. Applying this methodology to assess the short-term performance of HNA Group, a cross-border airline in China, during its financial crisis, we find that while overseas market contraction events generate overall positive short-term value for enterprises, the impact varies depending on the assets sold. However, given HNA Group's substantial debt burden, the positive effect is minimal, indicating that overseas market contraction alone is insufficient as a \"self-help\" strategy in addressing corporate financial crises.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141487720","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

Heterogeneous regional effects of monetary policy: Evidence from Korea 货币政策的地区异质性效应：韩国的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-06-24 DOI: 10.1016/j.asieco.2024.101779

Hyundo Joo, Seungmoon Park, Inhwan So

引用次数: 0

Trends and drivers of income inequality in the Philippines, Thailand, and Viet Nam since the early 2000s: A decomposition analysis 自 2000 年代初以来菲律宾、泰国和越南收入不平等的趋势和驱动因素：分解分析

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2024-06-22 DOI: 10.1016/j.asieco.2024.101775

引用次数: 0

Capital market opening and insider trading profitability: Empirical evidence in the context of ‘Mainland China–Hong Kong Stock Connect’ 资本市场开放与内幕交易盈利能力：中港通 "背景下的经验证据

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-06-08 DOI: 10.1016/j.asieco.2024.101768

Chunyang Lu, Xingquan Yang

引用次数: 0

Reining in the riskiest? Evidence of non-linear impacts of macroprudential regulations on bank systemic risk in China 约束风险最大者？宏观审慎监管对中国银行系统性风险非线性影响的证据

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-06-07 DOI: 10.1016/j.asieco.2024.101765

Qiaoling Kang , Minghua Chen , Ji Wu , Bang Nam Jeon

引用次数: 0

Do the types of agricultural socialized services and their diverse suppliers matter to farmland renting in rural China? 农业社会化服务的类型及其多样化的提供者对中国农村的耕地租赁有影响吗？

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-06-04 DOI: 10.1016/j.asieco.2024.101763

Yueming Cao , Yunli Bai , Linxiu Zhang

{"title":"Do the types of agricultural socialized services and their diverse suppliers matter to farmland renting in rural China?","authors":"Yueming Cao , Yunli Bai , Linxiu Zhang","doi":"10.1016/j.asieco.2024.101763","DOIUrl":"https://doi.org/10.1016/j.asieco.2024.101763","url":null,"abstract":"<div><p>Based on the nationally representative panel data collected in 2000 households in 100 villages of 5 provinces in 2016 and 2019, this study analyzed the impact and potential paths of different types of agricultural socialization services (labor-intensive, technology-intensive, marketing) on farmland rented-in from the perspectives of accessibility and diversity of suppliers. The consistent results yielded from OLS, fixed effect model, and instrumental variable method showed that labor-intensive services had positive and significant effects on the probability and size of renting in farmland and it was much larger for the households without off-farm employment or with rich farmland endowment. However, neither technology-intensive nor marketing services had such effects . The substitution effect of different type of services on labor force, the attributes of service providers, and the characteristics of service buyers contributed to the difference. These findings imply that the government should pay more attention to the development of technology-intensive and marketing services, especially for smallholders, while keeping to encourage and support various suppliers to provide labor-intensive services.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2024-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141323283","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