{"title":"Cross-border personnel mobility and bilateral value chain linkages: Evidence from visa liberalization in China","authors":"Shuqin Ma , Fuyao Ren , Fan Feng , Kuo Feng","doi":"10.1016/j.asieco.2024.101844","DOIUrl":"10.1016/j.asieco.2024.101844","url":null,"abstract":"<div><div>The cross-border personnel mobility has emerged as a crucial feature and trend in the process of globalization. This paper examines the impact of unilateral visa-free-entry policies in China on bilateral value chain linkages using a DID model. The research reveals that the implementation of visa-free-entry policies significantly promotes bilateral value chain linkages, with this effect lasting for approximately four years. Mechanism tests suggest that visa-free-entry policies facilitate the acquisition of soft information and strengthen the linkage between domestic and foreign value chains through three pathways: promoting information dissemination, enhancing the trust environment, and extending production steps. Heterogeneous analysis demonstrates that the positive impact of cross-border personnel mobility is more pronounced in low asset-specific industries, manufacturing, and the service sector. It has a greater effect on forward value chain linkages and high-value chain linkage industries. This paper provides valuable insights for the rational simplification of cross-border personnel mobility restrictions and procedures.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101844"},"PeriodicalIF":2.9,"publicationDate":"2024-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704010","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}
{"title":"Labor union effects on wage dispersion: Evidence from panel data of Japanese listed companies","authors":"Takashi Saito , Tsukasa Matsuura , Hisashi Okamoto","doi":"10.1016/j.asieco.2024.101841","DOIUrl":"10.1016/j.asieco.2024.101841","url":null,"abstract":"<div><div>We examined whether (1) unions can reduce wage dispersion, (2) their influence has changed over time, and (3) their influence differs depending on firms’ ownership structure. Combining three data sources, we created a panel dataset that included data from 2004 to 2015. Partly since our dataset covers a relatively short period, we found very small changes in union status. Thus, a hybrid model was used to address the data challenges. We found that first, the between-effects results show that labor unions play a role in decreasing wage dispersion. Second, the union effect gradually decreased during the sample period. Third, foreign investors (financial institution shareholders) and labor unions are substitutes (complements) in reducing wage dispersion. We confirmed that (1) and (3) were valid after employing an endogenous treatment effects model to address the endogeneity problem of the union dummy. Thus, unions’ bargaining power depends on differences in the corporate governance structure.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101841"},"PeriodicalIF":2.9,"publicationDate":"2024-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704016","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}
{"title":"Does parental migration matter in access to academic high schools for left-behind children in China?","authors":"Qundi Feng , Ling Yang","doi":"10.1016/j.asieco.2024.101842","DOIUrl":"10.1016/j.asieco.2024.101842","url":null,"abstract":"<div><div>Enrolling in academic high schools always predicts one can have higher educational achievements, such as access to university later. Using data from China Family Panel Studies, this paper examines whether and how parental migration affects the high school attainment of left-behind children. Results indicate that exposure to parental migration in childhood lowers the probability of attending vocational high school but increases the likelihood of enrolling in academic high school. The effect is more substantial for the left behind children who are from rural areas, with siblings, or second-born or later. The findings also suggest a potential psychological mechanism that inhibits the educational achievement of left-behind children. Specifically, left-behind children exhibit lower expectations for educational attainment and hold beliefs that individual success is attributed to external factors, which may discourage them from pursuing higher education achievements. Further, migrant parents also show lower expectations for their children's educational attainment. Our findings highlight the crucial role of psychological manifestations induced by parental migration in determining high school attendance and offer insights for developing policies aimed at promoting educational equity.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101842"},"PeriodicalIF":2.9,"publicationDate":"2024-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704014","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}
{"title":"Can development zones reduce energy consumption and carbon emissions of enterprises? Evidence from China","authors":"Lihua Zhang , Xinyu Chen , Zheng Xu","doi":"10.1016/j.asieco.2024.101845","DOIUrl":"10.1016/j.asieco.2024.101845","url":null,"abstract":"<div><div>Under the target of “carbon neutrality”, it is critical to test whether the establishment of development zones, as a widely presenting industrial policy, can promote carbon emissions reduction. Utilizing China Industrial Enterprise Database and China Industrial Enterprise Pollution Emission and Governance Database from 2000 to 2013, this paper employs a set of empirical methods including multiple-period difference-in-difference and propensity score matching tests to investigate the impact of development zone policy on carbon dioxide emissions and energy consumption of firms in the zones. The empirical findings demonstrate that the establishment of development zones can effectively promote energy saving, reduce carbon dioxide emissions and optimize energy structure by increasing firms’ use of clean energy sources. Furthermore, mechanism analysis shows that the establishment of development zones promotes technological innovation and exports of firms in the zones, leading to their energy saving and carbon emissions reductions.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101845"},"PeriodicalIF":2.9,"publicationDate":"2024-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704013","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}
{"title":"The low carbon transformation of cities and corporate investment efficiency: Evidence from a quasi-natural experiment","authors":"Zixuan Zhang , Zhenyu Ge , Shuhan Liu","doi":"10.1016/j.asieco.2024.101843","DOIUrl":"10.1016/j.asieco.2024.101843","url":null,"abstract":"<div><div>This paper studies the impact of low-carbon city pilot (LCCP) policy on corporate investment efficiency based on data from Chinese A-share companies from 2007 to 2019. Our results indicate that LCCP policy significantly reduces corporate investment efficiency by increasing the environmental uncertainty faced by corporations, our fundamental conclusion remains robust after a series of robustness tests. Through heterogeneous analysis, we find that LCCP policy has a more obvious negative impact on corporations with lower diversification levels, non-state-owned corporations within high-carbon emitting industries and those located in high-carbon emitting cities. Further analysis suggests that local governments can alleviate the policy's negative impact on local corporations by increasing their response to the LCCP policy. Overall, this study provides theoretical evidence for a comprehensive examination of the LCCP policy, contributing to China's early achievement of carbon peaking and carbon neutrality as well as providing theoretical guidance for other countries.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101843"},"PeriodicalIF":2.9,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704011","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}
Ze Han , Xiangzheng Deng , Zhihui Li , Xiankai Huang
{"title":"Mechanism and simulation of intensive use of urban inefficient land based on evolutionary game theory","authors":"Ze Han , Xiangzheng Deng , Zhihui Li , Xiankai Huang","doi":"10.1016/j.asieco.2024.101840","DOIUrl":"10.1016/j.asieco.2024.101840","url":null,"abstract":"<div><div>Intensive utilization of urban inefficient land is crucial for achieving sustainable urban development. This study constructs an evolutionary game model of urban inefficient land redevelopment involving three main actors: the government, developers, and the public. The model reveals the staged characteristics of the redevelopment process and the dynamic evolution of decision-making behaviors among the actors. The study finds that the redevelopment process can be divided into three stages: initial, development, and mature, with significant differences in the decision-making behaviors of developers, the government, and the public at each stage. Developers' decisions are influenced by redevelopment benefits and costs, the government's decisions are affected by regulatory benefits, and the public's decisions are impacted by participation benefits and costs. The initial strategy configuration has a significant influence on the system's evolutionary trend. Economic incentives, cost constraints, and public participation are the three pillars driving redevelopment. The study recommends adopting differentiated and dynamic policy combinations, improving the redevelopment benefit distribution mechanism, and strengthening public participation capacity building to promote positive interactions among the actors and achieve efficient land resource utilization. This research systematically analyzes the mechanism of inefficient land redevelopment from a dynamic game perspective, providing a scientific basis for policy formulation and holding great significance for promoting sustainable urban development.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101840"},"PeriodicalIF":2.9,"publicationDate":"2024-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142704012","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}
{"title":"Off-farm employment, farmland transfer and agricultural investment behavior: A study of joint decision-making among North China Plain farmers","authors":"Mingjun Xu , Changling Chen , Jinhua Xie","doi":"10.1016/j.asieco.2024.101839","DOIUrl":"10.1016/j.asieco.2024.101839","url":null,"abstract":"<div><div>Improving farmers’ ability to make joint decisions on multi-factors is crucial for efficient resource allocation in agriculture, promoting sustainable land use, and fostering rural revitalization. Using survey data from 1780 households in the North China Plain, this study used the Conditional Mixed Process (CMP) joint estimation to address potential endogeneity issues and investigate the interaction of off-farm employment, farmland transfer, and agricultural capital investment. First, the results reveal a significant relationship between the three factors in farmers’ decision-making. Particular, there is a positive relationship between off-farm employment and farmland outflow (ρ = 0.163, P < 0.05), while a negative correlation is observed between farmland outflow and capital investment (ρ = − 0.476, P < 0.01). Secondly, there is heterogeneity in the correlation of joint decision-making regarding off-farm employment types and agricultural capital input types. For risk-averse farmers and farmers with low capital liquidity, off-farm employment is not significantly correlated with farmland outflow, while farmers with land-poor farmers have the strongest positive correlation between farmland inflow and capital input. Third, even if increasing farmland outflow can facilitate the expansion of large-scale land operations, the investment effect of off-farm employment remains unrealized. Finally, the lag of the farmland transfer market relative to the labor transfer market and the rural capital market hinders the growth of optimal-scale agricultural management.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101839"},"PeriodicalIF":2.9,"publicationDate":"2024-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142656337","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}
{"title":"A tale of two markets—would housing appreciation prompt insurance participation? Evidence from China’s urban elderly","authors":"Jiajun Han","doi":"10.1016/j.asieco.2024.101838","DOIUrl":"10.1016/j.asieco.2024.101838","url":null,"abstract":"<div><div>This paper investigates how housing wealth affects urban elderly’s commercial health insurance participation by using the discontinuity along housing size formed by China’s housing policies. The empirical results reveal a positive effect of housing wealth on urbanites’ enrolment in commercial health insurance, with elderly previously or currently working in non-public sectors, only having one child, and not having a son exhibiting higher responsiveness to unexpected gains in housing wealth. Moreover, the bumper housing wealth-induced insurance purchasing only takes effect for urban elderly having full homeownership, whereas those with partial ownership and tenants hardly react to housing policies.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101838"},"PeriodicalIF":2.9,"publicationDate":"2024-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142656403","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}
Ruoyu He , Ruxue Dong , Ruiqi Zhu , Z.Y. Shen , Tomas Baležentis , Lixin Cui
{"title":"Transport development performance with hazard-inducing variables: A frontier-based shadow pricing approach","authors":"Ruoyu He , Ruxue Dong , Ruiqi Zhu , Z.Y. Shen , Tomas Baležentis , Lixin Cui","doi":"10.1016/j.asieco.2024.101837","DOIUrl":"10.1016/j.asieco.2024.101837","url":null,"abstract":"<div><div>While economic growth in a country can be spurred by the expansion of the transportation sector, traffic accidents resulting from an increase in vehicle numbers negatively impact social wellbeing. To integrate both the beneftis and costs in evaluating the transportation sector, this study incorporates traffic accidents as a risk factor (undesirable output) in analyzing the performance of road transportation across Chinese provinces. We propose a shadow price model to estimate the revenue generated and the losses incurred from the addition of each vehicle. The potential improvements in desirable outputs (freight and passenger traffic) and the possible reduction in risks (traffic accident losses) are assessed using a nonparametric approach. Our findings indicate that the overall performance of the Chinese transportation sector improved between 2001 and 2018. During this period, the shadow revenue of vehicles increased, while the shadow loss from traffic accidents showed a declining trend, attributed to enhanced transportation infrastructure and effective government regulations. However, we observe regional disparities in performance and offer targeted policy recommendations.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101837"},"PeriodicalIF":2.9,"publicationDate":"2024-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142656404","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}
{"title":"From ancient philosophy to modern governance: Confucian culture shaping low-carbon corporate transformation in China’s listed companies","authors":"Li Wang , Siyan Chen , Yanan Wang , Yuhan Wu","doi":"10.1016/j.asieco.2024.101835","DOIUrl":"10.1016/j.asieco.2024.101835","url":null,"abstract":"<div><div>Considering the goal of green development, this study examines the role of Confucian culture in low-carbon corporate transformation. This study shows that Confucian culture can effectively promote the low-carbon transformation of companies. The greater the influence of Confucianism on a company, the higher its level of low-carbon transformation is. Confucian culture takes effect in three ways: by improving corporate environmental awareness, by promoting social responsibility, and by strengthening corporate governance. Heterogeneity research shows that state-owned and low-capital-intensity companies, low-competition and high-attention industries, non-low-carbon pilot programs, and low-marketization areas all increase the extent of influence. The findings shed light on the influence of Confucians on low-carbon transformation at the firm level and enrich the ideas surrounding Confucian culture and corporate development.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"95 ","pages":"Article 101835"},"PeriodicalIF":2.9,"publicationDate":"2024-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142656405","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}