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The Belt and Road Initiative and China's diversifying food imports: A perspective on the "Five-pronged approach"
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-02-01 DOI: 10.1016/j.asieco.2024.101849
Jing Zhu, Xingyu Liu, Lijuan Cao
{"title":"The Belt and Road Initiative and China's diversifying food imports: A perspective on the \"Five-pronged approach\"","authors":"Jing Zhu,&nbsp;Xingyu Liu,&nbsp;Lijuan Cao","doi":"10.1016/j.asieco.2024.101849","DOIUrl":"10.1016/j.asieco.2024.101849","url":null,"abstract":"<div><div>The diversification of imported food varieties is essential for ensuring China's food security. Since the inception of the Belt and Road Initiative (BRI), there has been a significant increase in agricultural trade cooperation between China and participating countries, facilitated by the \"Five-pronged approach\" (FPA). However, existing research regarding the BRI's impact on imports has not yet fully addressed the complexities inherent in agricultural trade, such as stringent logistics, customs regulations, inspection and quarantine procedures, and the varying trade costs associated with different agricultural commodities. This underscores a research gap in understanding the BRI's effectiveness in promoting diversified food imports, particularly across distinct food categories. Utilizing the Difference-in-Differences model, this research evaluates the BRI's contribution to China's diversified food imports and the heterogeneity of food types. The empirical findings suggest the initiative significantly promotes diversification in China's food imports, notably in the case of vegetable products, while the expansion of animal product imports continues to require sustained support from the FPA. The mechanism analysis indicates the FPA effectively reduces both direct and implicit trade costs, thereby fostering the growth of diversified food imports in China. Additionally, this study examines the initiative's effect on food and nutrition security among participating countries, highlighting a marked promotion of diversified food imports and dietary diversity. This research reinforces the BRI's pivotal role in advancing food security, both within China and across the participating nations.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"96 ","pages":"Article 101849"},"PeriodicalIF":2.9,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143144392","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 education in career inheritance in China
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-02-01 DOI: 10.1016/j.asieco.2024.101859
Weiwei Wu , Maozhong Zhou , Lifeng Su , Jiangping Yang
{"title":"The role of education in career inheritance in China","authors":"Weiwei Wu ,&nbsp;Maozhong Zhou ,&nbsp;Lifeng Su ,&nbsp;Jiangping Yang","doi":"10.1016/j.asieco.2024.101859","DOIUrl":"10.1016/j.asieco.2024.101859","url":null,"abstract":"<div><div>Education is the main mode of human capital investment. The level of human capital based on education not only determines work opportunities but also influences the capacity of job achievement in the noncompetitive labour market. This work studies the impact of education on the occurrence and degree of occupational inheritance, empirically tests the heterogeneity of this impact against different backgrounds, and draws on the occupational choice model to analyse the mechanism of this impact through human capital. The results indicate that education has a significant negative effect on career inheritance and the degree of inheritance, which shows significant temporal heterogeneity due to market and employment system reforms; the closer the education level of parents and children is, the greater the probability of career inheritance. The impact mechanism test shows that education can address information friction in the labour market by improving workers’ information acquisition and utilization ability, as well as the noncognitive ability reflected by responsibility and patience, reducing barriers to human capital accumulation and thus negatively affecting career inheritance. Therefore, to guide occupational inheritance within a reasonable range and improve the job matching rate in the labour market, it is necessary to promote the high-quality development of education and improve workers’ comprehensive human capital level, including cognitive and noncognitive human capital, to enhance their career choice ability and sustained human capital accumulation ability. conversely, it is also necessary to further promote the development of the labour market, fundamentally reduce information asymmetry, and help workers make reasonable career choices.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"96 ","pages":"Article 101859"},"PeriodicalIF":2.9,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143145726","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
How does the spatial agglomeration of human capital affect strategic innovation in China?
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-02-01 DOI: 10.1016/j.asieco.2024.101868
Haifeng Zhang , Ruitian Guo
{"title":"How does the spatial agglomeration of human capital affect strategic innovation in China?","authors":"Haifeng Zhang ,&nbsp;Ruitian Guo","doi":"10.1016/j.asieco.2024.101868","DOIUrl":"10.1016/j.asieco.2024.101868","url":null,"abstract":"<div><div>This study investigates whether and how the spatial agglomeration of human capital affects strategic innovation, as measured by invention patents in strategic emerging industries in China. We also evaluate the aggregate effects of human capital allocation between 2000 and 2020 on strategic innovation based on the estimates. The results show that increases in human capital density significantly promote strategic innovation. On average, a 1 % increase in the densities of knowledge and technology talents contributes to an increase in strategic innovation by 0.19 % and 0.11 %, respectively. We further reveal that the agglomeration effects largely originate from the improvements in labor market matching and knowledge spillovers. Counterfactual analysis indicates that the spatial agglomeration of human capital would increase the overall strategic innovation by at least 1.36 % over the 2000–2020 period.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"96 ","pages":"Article 101868"},"PeriodicalIF":2.9,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143145729","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 effect of monetary, macroprudential policy, and their interaction on bank risk-taking in Indonesia
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-02-01 DOI: 10.1016/j.asieco.2024.101863
Hero Wonida , Sekar Utami Setiastuti
{"title":"The effect of monetary, macroprudential policy, and their interaction on bank risk-taking in Indonesia","authors":"Hero Wonida ,&nbsp;Sekar Utami Setiastuti","doi":"10.1016/j.asieco.2024.101863","DOIUrl":"10.1016/j.asieco.2024.101863","url":null,"abstract":"<div><div>We employ quarterly bank-level data from 79 conventional commercial banks in Indonesia from 2009Q1 to 2021Q3 to investigate the effect of monetary policy, macroprudential policy, and the interaction of both policies on bank risk-taking in Indonesia. Several important results emerge. First, we find evidence of the risk-taking channel of monetary policy in Indonesia. Furthermore, banks with larger sizes and higher capital levels have a lower risk-taking tendency, represented by the Z-score. Second, macroprudential tightening lowers bank risk-taking. We also find that the interaction between macroprudential and monetary policy tightening reduces risk-taking. To ensure that the results are robust, we estimate our model using different measures of Z-score.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"96 ","pages":"Article 101863"},"PeriodicalIF":2.9,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143145730","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
Rules of Origin, Import of Inputs and Firm Innovation
IF 2.9 3区 经济学
Journal of Asian Economics Pub Date : 2025-02-01 DOI: 10.1016/j.asieco.2024.101872
Hua Zhou, Lingyu Wu
{"title":"Rules of Origin, Import of Inputs and Firm Innovation","authors":"Hua Zhou,&nbsp;Lingyu Wu","doi":"10.1016/j.asieco.2024.101872","DOIUrl":"10.1016/j.asieco.2024.101872","url":null,"abstract":"<div><div>This paper investigates the impact of CAFTA rules of origin (RoO) on Chinese firms’ import of inputs and innovation behaviors. The findings indicate that the implementation of CAFTA RoO increases Chinese firms’ intra-regional imports, thereby promoting their innovation activities through the “cost effect”. This impact is more pronounced among foreign-owned firms and those with lower participation in processing trade. Furthermore, labor-intensive firms' import decisions are more sensitive to CAFTA RoO, while capital-intensive firms experience greater innovation gains from the rise in intra-regional imports.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"96 ","pages":"Article 101872"},"PeriodicalIF":2.9,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143145732","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 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
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