Journal of Asian Economics最新文献

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Offshoring, multinationals, and employment in South Korea 海外外包、跨国公司和韩国的就业
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-05-07 DOI: 10.1016/j.asieco.2025.101944
Minjung Kim
{"title":"Offshoring, multinationals, and employment in South Korea","authors":"Minjung Kim","doi":"10.1016/j.asieco.2025.101944","DOIUrl":"10.1016/j.asieco.2025.101944","url":null,"abstract":"<div><div>This study explores the impact of offshoring on employment growth and labor demand using a South Korean manufacturing firm-level panel dataset while considering offshoring structures, technology levels, and destinations. The results suggest that intra-firm offshoring has a statistically significant negative effect on employment growth, whereas arm’s-length offshoring does not. This effect is apparent in the high-tech industry, implying that labor-intensive tasks of the production process in such industries are offshored among multinational enterprises (MNEs), resulting in substituting domestic workers. In particular, offshoring to low-wage countries negatively affects labor demand, whereas offshoring to high-wage countries positively affects labor demand. These empirical findings suggest that the impact of offshoring on employment is heterogeneous depending on the industrial technology level, the organizational structure of firms with sourcing affiliations, and foreign offshoring locations.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101944"},"PeriodicalIF":2.9,"publicationDate":"2025-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143942058","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
Can rural digital economy mitigate local population outflow: Evidence from China 农村数字经济能否缓解当地人口外流:来自中国的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-05-03 DOI: 10.1016/j.asieco.2025.101942
Sheng Liu, Xiahai Wei, Yuhong Du
{"title":"Can rural digital economy mitigate local population outflow: Evidence from China","authors":"Sheng Liu,&nbsp;Xiahai Wei,&nbsp;Yuhong Du","doi":"10.1016/j.asieco.2025.101942","DOIUrl":"10.1016/j.asieco.2025.101942","url":null,"abstract":"<div><div>The development of the rural digital economy has significantly enhanced local competitiveness and reshaped migration patterns in China’s rural areas. Using LandScan data, we measured county-level population changes, and based on this, constructed a panel dataset for 1747 counties from 2011 to 2020. Based on the push-pull theory and the Harris-Todaro model, this paper applied a time-varying difference-in-differences (DID) method to assess the impact of the E-commerce into the Rural Comprehensive Demonstration Counties (ERCDC) policy on local population migration and explored its potential mechanisms. Our findings indicate that: (1) The ERCDC policy has effectively reduced rural population outflow in pilot areas. (2) A range of robustness tests, including spillover effect testing, instrumental variable methods, and PSM-DID, confirm the robustness of the baseline results. (3) The policy effects are more pronounced in regions where government support for the digital economy is strong, market proximity is closer, public attention to digitalization is high, and the convenience of freight transportation is greater. (4) The ERCDC policy has significantly enhanced ‘income pull’, ‘employment pull’, and ‘entrepreneurship pull’ in pilot areas by increasing local income, improving local employment opportunities, and stimulating local entrepreneurship, thereby mitigating population outflow in these areas. This paper highlights the effectiveness of the digital economy in addressing rural population outflow in China, thereby providing important policy implications for governments in developing countries to address rural population challenges.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101942"},"PeriodicalIF":2.9,"publicationDate":"2025-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143935748","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 long-term effect of early-life war exposure on prosocial preference: Evidence from the Korean War 早期战争暴露对亲社会偏好的长期影响:来自朝鲜战争的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-05-03 DOI: 10.1016/j.asieco.2025.101943
Dawoon Jung , Seong Hee Kim
{"title":"The long-term effect of early-life war exposure on prosocial preference: Evidence from the Korean War","authors":"Dawoon Jung ,&nbsp;Seong Hee Kim","doi":"10.1016/j.asieco.2025.101943","DOIUrl":"10.1016/j.asieco.2025.101943","url":null,"abstract":"<div><div>This paper explores the long-term effects of early-life exposure to the Korean War, which is considered one of the most destructive conflicts of the modern era with a high proportion of civilian deaths, on people’s prosocial preference. Hypothetical willingness to contribute to public goods was used to measure individual’s prosocial preference. Our main analysis relates geographic and temporal variations of battles in changes in willingness to contribute to public goods. The results imply that more intense war violence, especially during infancy (age 0), has a negative effect on male respondents’ willingness to contribute to public goods. On the other hand, we do not find any evidence of a statistically significant effect on female respondents’ willingness to contribute to public goods.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101943"},"PeriodicalIF":2.9,"publicationDate":"2025-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143942173","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
More urban-rural integrated Chinese social welfare: How do education benefits improve the picture? 城乡一体化的中国社会福利:教育福利如何改善现状?
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-05-02 DOI: 10.1016/j.asieco.2025.101940
Xiaoman Zhao , Sui Yang , Shi Li , Qin Gao
{"title":"More urban-rural integrated Chinese social welfare: How do education benefits improve the picture?","authors":"Xiaoman Zhao ,&nbsp;Sui Yang ,&nbsp;Shi Li ,&nbsp;Qin Gao","doi":"10.1016/j.asieco.2025.101940","DOIUrl":"10.1016/j.asieco.2025.101940","url":null,"abstract":"<div><div>China has made remarkable progress in creating a more inclusive and shared social welfare system. Using data from the China Household Income Project (CHIP) 2013 and 2018, as well as data on financial expenditure on education, this paper found that the level of social welfare for Chinese residents increased significantly after considering implicit educational benefits. Driven by the national urban-rural integration strategy, incremental improvements in rural social security and the equalization of compulsory education across urban and rural areas progressively reduced income disparities in social benefits among urban, migrant, and rural groups. However, international comparisons reveal that Chinese government expenditures on social security and education remain slightly insufficient, limiting the potential redistributive effects of the welfare system. These findings highlight the urgency for China to increase social spending, better allocate welfare resources between urban and rural areas, and promote high-quality education.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"98 ","pages":"Article 101940"},"PeriodicalIF":2.9,"publicationDate":"2025-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143912979","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 value-added tax reform on small and medium-sized firm innovation: Evidence from China 增值税改革对中小企业创新的影响:来自中国的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-04-28 DOI: 10.1016/j.asieco.2025.101939
Fan Li , Chengjun Liu , Wenche Wang
{"title":"The impact of value-added tax reform on small and medium-sized firm innovation: Evidence from China","authors":"Fan Li ,&nbsp;Chengjun Liu ,&nbsp;Wenche Wang","doi":"10.1016/j.asieco.2025.101939","DOIUrl":"10.1016/j.asieco.2025.101939","url":null,"abstract":"<div><div>Taxation is pivotal in the government’s efforts to shape and regulate enterprise behavior. The business tax replaced with value-added tax (VAT) reform in China aims to lessen overall tax burden and enhance enterprise vitality. One important performance indicator of the reform is its impact on enterprise innovations. Focusing on small and medium-sized enterprises, we apply a difference-in-differences model to examine the impact of the VAT reform on innovation output and efficiency. Results reveal an insignificant overall impact of the reform on the innovation of small and medium-sized enterprises. Among them, the reform indeed significantly inhibited the innovation of technological firms. We find that the input tax deductions failed to lower the tax burden for technological firms, while the increase in applicable tax rate led to a more significant tax burden. Therefore, China’s VAT reform was ineffective in improving small and medium-sized enterprise innovation. We thus suggest a need to redesign the elements in the reform to enhance its performance.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"98 ","pages":"Article 101939"},"PeriodicalIF":2.9,"publicationDate":"2025-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143907037","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 role of family support in the well-being of older people: Evidence from Malaysia and Viet Nam 家庭支持在老年人福祉中的作用:来自马来西亚和越南的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-04-25 DOI: 10.1016/j.asieco.2025.101937
Yana van der Meulen Rodgers , Joseph E. Zveglich Jr , Khadija Ali , Hanna Xue
{"title":"The role of family support in the well-being of older people: Evidence from Malaysia and Viet Nam","authors":"Yana van der Meulen Rodgers ,&nbsp;Joseph E. Zveglich Jr ,&nbsp;Khadija Ali ,&nbsp;Hanna Xue","doi":"10.1016/j.asieco.2025.101937","DOIUrl":"10.1016/j.asieco.2025.101937","url":null,"abstract":"<div><div>Demographics across Asian countries are evolving rapidly, potentially disrupting traditional forms of family support for older adults. In this context, we examine the relationships between the well-being of older individuals and various factors related to family support, including the number of living children, marital status, and living arrangements. Results from a set of Poisson random effects models with panel data show that in Malaysia, having living children plays an important protective role for mental health, while living with a son appears to have a protective effect for physical health. Results are similar for Viet Nam, except older women, who are at greater risk of mental and physical health problems, appear to experience less of a protective effect for their mental health from living with family members or living near a child than do men. Given these estimated protective effects of living arrangements, governments may need to adjust their social safety nets to bolster the physical and mental health of senior citizens living alone.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"98 ","pages":"Article 101937"},"PeriodicalIF":2.9,"publicationDate":"2025-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143907038","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
Policy intervention and stock market stability risks: Evidence from carbon emission trading policy on energy firms in China 政策干预与股票市场稳定风险:来自中国能源企业碳排放交易政策的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-04-24 DOI: 10.1016/j.asieco.2025.101934
Chuanglian Chen , Cheng Ye , Haonan Wang , Shujie Yao
{"title":"Policy intervention and stock market stability risks: Evidence from carbon emission trading policy on energy firms in China","authors":"Chuanglian Chen ,&nbsp;Cheng Ye ,&nbsp;Haonan Wang ,&nbsp;Shujie Yao","doi":"10.1016/j.asieco.2025.101934","DOIUrl":"10.1016/j.asieco.2025.101934","url":null,"abstract":"<div><div>Stock market volatility, crucial for financial risk management and investment decisions, is significantly influenced by carbon emissions trading policies. This study applies the GARCH-MIDAS-EPU model to estimate the long- and short-term volatilities of 30 A-share energy firms and employs the HD-TVP-VAR model to assess contagion effects. Using carbon emissions trading policy as a quasi-natural experiment, it examines the policy’s impact on firm-level volatility and net spillovers. The results indicate that short-term volatility exhibits strong clustering, while long-term volatility follows a non-linear adjustment path with regime shifts. Increased short-term volatility spillovers amplify contagion risks, whereas persistent long-term spillovers suggest sustained investor focus. Carbon emissions trading heightens firm-level volatility and influences short-term spillover dynamics but has an insignificant effect on the long-term net spillover index. The policy’s impact varies by firm characteristics, with centrally state-owned firms facing fewer financial constraints benefiting most from incentives.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"98 ","pages":"Article 101934"},"PeriodicalIF":2.9,"publicationDate":"2025-04-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143886753","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
Green public procurement, external pressures and enterprise green transition: Evidence from China 绿色公共采购、外部压力与企业绿色转型:来自中国的证据
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-04-21 DOI: 10.1016/j.asieco.2025.101936
Jinqi Gao, Fan Lu
{"title":"Green public procurement, external pressures and enterprise green transition: Evidence from China","authors":"Jinqi Gao,&nbsp;Fan Lu","doi":"10.1016/j.asieco.2025.101936","DOIUrl":"10.1016/j.asieco.2025.101936","url":null,"abstract":"<div><div>Green Public Procurement (GPP) is an essential fiscal policy instrument in China’s environmental governance framework. This paper examines the effect of GPP on the green transition of enterprises by using China’s Green Public Procurement Data from 2015 to 2022. GPP significantly contributes to the green transition. From the perspective of external pressure, GPP enhances both government oversight and social supervision. This positive incentive effect is more significant in public bidding, heavily polluting industries and regions with higher intellectual property protection. Further analysis reveals that GPP exhibits both industry and regional spillover effects on enterprise green transition, though the spillover effects along supply chains are insignificant. Additionally, the study finds evidence of a synergistic effect between GPP and tax incentives in promoting green transition. The research provides new insights for promoting green transition and upgrading enterprises in practice.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"98 ","pages":"Article 101936"},"PeriodicalIF":2.9,"publicationDate":"2025-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143863369","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
Is the transition to electric vehicles a crisis or an opportunity? The South Korean automotive industry experience 向电动汽车过渡是危机还是机遇?韩国汽车行业的经验
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-04-20 DOI: 10.1016/j.asieco.2025.101938
Seoyoung Lee , Hongbum Kim , Junseok Hwang
{"title":"Is the transition to electric vehicles a crisis or an opportunity? The South Korean automotive industry experience","authors":"Seoyoung Lee ,&nbsp;Hongbum Kim ,&nbsp;Junseok Hwang","doi":"10.1016/j.asieco.2025.101938","DOIUrl":"10.1016/j.asieco.2025.101938","url":null,"abstract":"<div><div>The global automotive industry is undergoing a transformative shift driven by electric vehicles (EVs), reshaping supply chain structures and industrial ecosystems. This study examines the evolution of Korea’s automotive supply chain from 2008 to 2021, focusing on changes in regional roles and network dynamics amidst the transition from internal combustion engine vehicles to EVs. The findings indicate that this transition has strengthened the robustness of Korea’s automobile industry by expanding and stabilizing supply chains, reorganizing traditional structures, and integrating new supply nodes. By applying the network positioning matrix, the study highlights the emergence of new regional clusters and the evolving roles of key supply chain actors. These insights emphasize the necessity of targeted industrial policies and long-term investment strategies at the national level to strengthen regional competitiveness in response to technological transformations.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"98 ","pages":"Article 101938"},"PeriodicalIF":2.9,"publicationDate":"2025-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143860642","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
Seeking gains but incurring losses: A study on the employment effect of zombie firms in China 损人利己:中国僵尸企业就业效应研究
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-04-19 DOI: 10.1016/j.asieco.2025.101935
Lei Sheng , Xi Zhang , Na Hong , Mingqi Zou
{"title":"Seeking gains but incurring losses: A study on the employment effect of zombie firms in China","authors":"Lei Sheng ,&nbsp;Xi Zhang ,&nbsp;Na Hong ,&nbsp;Mingqi Zou","doi":"10.1016/j.asieco.2025.101935","DOIUrl":"10.1016/j.asieco.2025.101935","url":null,"abstract":"<div><div>The behavior of local governments continuously \"infusing blood\" into zombie firms to \"stabilize employment\" may lead to \"unintended consequences\". This paper empirically examines the impact of zombie firms on employment and its mechanism of action at the regional level in China. The research findings show that the deepening of the degree of zombification significantly suppresses the growth rate of local enterprise labor employment. The results of a series of robustness tests based on the instrumental variable method have strengthened this conclusion. The results of the mechanism analysis indicate that zombie firms intensify the financing constraints and tax burdens of normal firms, reduce their working capital, internal cash flow, investment scale, and output level, and then impede their job creation, which is not conducive to the net employment growth of normal firms. The heterogeneity analysis reveals that the employment suppression effect of zombie firms is more prominent in regions with a higher degree of government intervention, in central and western provinces, as well as in small and medium-sized enterprises and non-export enterprises. The study also finds that zombie firms have a significant inhibitory impact on the wages of employees and the share of labor income in normal firms. This research confirms that local governments' bailout of zombie firms comes at the expense of the employment interests of other firms. Instead of stabilizing employment, it will undermine the long-term stability and continuous growth of employment. While providing new literature and empirical evidence for the labor market effects of zombie firms, this paper also offers important decision-making references for continuously stabilizing and expanding employment from the perspective of zombie firms.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"98 ","pages":"Article 101935"},"PeriodicalIF":2.9,"publicationDate":"2025-04-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143852273","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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