Journal of Asian Economics最新文献_第9页

Institutional quality and macrofinancial resilience in Asia 亚洲的制度质量和宏观金融弹性

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-16 DOI: 10.1016/j.asieco.2025.101957

John Beirne , Pradeep Panthi

引用次数: 0

Service sector liberalization and firms’ carbon emission intensity reduction: Evidence from China 服务业自由化与企业碳排放强度降低：来自中国的证据

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-15 DOI: 10.1016/j.asieco.2025.101956

Jiaxuan Gao , Yanling Wang , Hongjun Xie

{"title":"Service sector liberalization and firms’ carbon emission intensity reduction: Evidence from China","authors":"Jiaxuan Gao , Yanling Wang , Hongjun Xie","doi":"10.1016/j.asieco.2025.101956","DOIUrl":"10.1016/j.asieco.2025.101956","url":null,"abstract":"<div><div>This paper examines the impact of service sector liberalization on downstream manufacturing firms’ carbon emission intensity in China. We quantify China’s service sector liberalization through its policy changes towards foreign direct investment (FDI) and build a composite index of manufacturing firms’ exposure to service sector liberalization as a weighted average of service sectors’ liberalization with their respective input shares. We find that service sector liberalization significantly reduces manufacturing firms’ CO<sub>2</sub> emission intensity through inter-industry economic linkages. Our results are robust with two other measures of pollution emission intensities, two alternative measures of service sector liberalization and after correcting endogeneity. We also find that greater productivity enhances the reduction effect. Further, firms’ response is heterogeneous: the impact of service sector liberalization on firms’ CO<sub>2</sub> emission intensity reduction is 81 % larger for state-owned enterprises (SOEs) than for non-SOEs; and 105 % larger for large firms than for small- and medium-sized firms.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101956"},"PeriodicalIF":2.9,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144099345","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

Spatial mobility of China’s population in the digital economy 中国人口在数字经济中的空间流动性

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-12 DOI: 10.1016/j.asieco.2025.101941

Huiyong Zhong , Xiaobin Wang

{"title":"Spatial mobility of China’s population in the digital economy","authors":"Huiyong Zhong , Xiaobin Wang","doi":"10.1016/j.asieco.2025.101941","DOIUrl":"10.1016/j.asieco.2025.101941","url":null,"abstract":"<div><div>The digital economy has emerged as a transformative force in China, reshaping labor markets and spatial population dynamics through advanced technologies and connectivity. This study examines how digital economic development influences population mobility across 289 prefecture-level cities from 2011 to 2018. Our findings reveal that digitalization significantly drives population inflows. This effect is primarily channeled through the service sector’s expansion—particularly life-oriented services—which generates substantial employment. Heterogeneity analysis shows stronger effects in larger, denser cities, highlighting agglomeration economies’ role in amplifying digital impacts. Examining the Hu Line—a historical divide separating the populous southeast from the sparse northwest—we find that digitalization enhances southeast inflows but has no significant effect in the northwest. Contrary to expectations of spatial rebalancing, digital growth reinforces China’s urban concentration. These results challenge the “death of distance” hypothesis, offering insights for urban policy and regional development strategies amid digital transformation.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101941"},"PeriodicalIF":2.9,"publicationDate":"2025-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144090136","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

Research productivity of scientists in Asia for the growth of nations 亚洲科学家的研究生产力促进了国家的发展

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-11 DOI: 10.1016/j.asieco.2025.101953

Jang C. Jin

引用次数: 0

The effectiveness of financial industry in promoting the high-quality development of energy industry 金融业促进能源产业高质量发展的有效性

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-11 DOI: 10.1016/j.asieco.2025.101945

Zhenpeng Tang , Xinyi Lin , Houyin Long

{"title":"The effectiveness of financial industry in promoting the high-quality development of energy industry","authors":"Zhenpeng Tang , Xinyi Lin , Houyin Long","doi":"10.1016/j.asieco.2025.101945","DOIUrl":"10.1016/j.asieco.2025.101945","url":null,"abstract":"<div><div>The energy sector is central to global decarbonization, and the effective allocation of financial resources is vital to its development. However, the impact of financial resources on energy development remains ambiguous in existing literature. This study bridges this gap by theoretically and empirically analyzing the role of the financial resources allocated to the energy industry. We develop a novel theoretical model that integrates the energy and financial sectors, subsequently deriving an inverted U-shaped relationship between financial resources and energy development. Empirically, we use an energy-related indicator to capture financial resources directed towards the energy sector and validate the hypothesis using panel data from 30 Chinese provinces from 2006 to 2019. The result remains robust after addressing endogeneity concerns and a series of robustness tests. Heterogeneity analysis further shows that the inverted U-shaped relationship is more pronounced in regions with abundant energy resources and high financial development, while the effect in those characterized by underdeveloped financial systems is insignificant. Mechanism analysis reveals that financial resources influence energy development through financing constraints and investment efficiency. This study advances our understanding of the role of finance in energy sector development, offering key policy implications for optimizing financial allocation. Financial institutions should establish appropriate support thresholds to ensure optimal financial resource allocation to the energy sector, while addressing financing constraints and improving investment efficiency. Support strategies should be tailored to regional conditions, such as energy endowments and financial development levels.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101945"},"PeriodicalIF":2.9,"publicationDate":"2025-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143942174","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

Investigating the influence of parents' work hours on children's human capital formation: An empirical study of Chinese families 父母工作时间对子女人力资本形成的影响：基于中国家庭的实证研究

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-11 DOI: 10.1016/j.asieco.2025.101955

Shixiong Cheng , Can Shu

{"title":"Investigating the influence of parents' work hours on children's human capital formation: An empirical study of Chinese families","authors":"Shixiong Cheng , Can Shu","doi":"10.1016/j.asieco.2025.101955","DOIUrl":"10.1016/j.asieco.2025.101955","url":null,"abstract":"<div><div>The increasing workload and work hours among contemporary Chinese families have raised concerns about the potential adverse effects of parental absence on children's cognitive and noncognitive performance. This research applied a nationwide survey, the Chinese Family Panel Studies (CFPS) dataset, focusing on teenagers under the age of 16, to reveal children’s recognition performance relying on parents’ time allocation at work, which subsequently affects children’s grades in school. This study analyzed data from four China Family Panel Studies conducted between 2012 and 2018, examining the impact of parental average weekly working hours on the academic performance of their children aged 9–15. The finding showed that as parents work longer hours, their children's test scores and class rankings tend to decline. However, this effect varies depending on factors such as children’ gender. Mothers' education level and the frequency of parent-child discussions or arguments each month play a role in mitigating the adverse impact of parental working hours on children's academic performance. The study suggests that in addition to investing in their children's education, families should prioritize positive interactions with their children. Policy-makers should also implement regulations on working hours to protect workers and their children's rights.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101955"},"PeriodicalIF":2.9,"publicationDate":"2025-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144083814","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

Corporate diversification strategies and bankruptcy risk: A re-examination based on COVID-19 企业多元化战略与破产风险：基于新冠肺炎疫情的再审视

IF 2.9 3区经济学

Journal of Asian Economics Pub Date : 2025-05-11 DOI: 10.1016/j.asieco.2025.101954

Dezhu Ye , Wenjun Ji , Nan Sun

{"title":"Corporate diversification strategies and bankruptcy risk: A re-examination based on COVID-19","authors":"Dezhu Ye , Wenjun Ji , Nan Sun","doi":"10.1016/j.asieco.2025.101954","DOIUrl":"10.1016/j.asieco.2025.101954","url":null,"abstract":"<div><div>Current research has not yet reached a consensus on the relationship between corporate diversification strategies and risk, in part because of the difficulty in addressing the potential endogeneity of diversification strategies and the fact that the manifestation of risk becomes more pronounced only under strong exogenous adverse shocks. The outbreak of COVID-19 provides a unique opportunity to re-examine the relationship between corporate diversification strategies and risk. We find that the outbreak of COVID-19 significantly increases the bankruptcy risk of firms employing diversification strategies. The further test reveals that the increased overall cash flow volatility, and financing constraints resulting from reduced bank and trade credit are the primary mechanisms behind this effect. However, heterogeneity tests indicate that the adverse impact of COVID-19 on the bankruptcy risk of diversified strategic firms is significantly mitigated when the firms are state-owned, have affiliations with customers or suppliers, hold shares in commercial banks, or maintain a high level of information disclosure quality. Our findings contribute to a deeper understanding of the potential vulnerability of diversification strategies when faced with significant adverse shocks.</div></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"99 ","pages":"Article 101954"},"PeriodicalIF":2.9,"publicationDate":"2025-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144072161","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

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

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, Xiahai Wei, 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

引用次数: 0