Journal of Asian Economics最新文献_第9页

Credit creation, credit destruction and credit reallocation: Firm-level evidence from India 信贷创造、信贷破坏和信贷重新分配：印度企业层面的证据

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-04-09 DOI: 10.1016/j.asieco.2024.101743

Seema Saini , Wasim Ahmad

引用次数: 0

Impact of high-speed rail on the mismatch of labor and industry allocations: Evidence from Chinese cities in 2000-2019 高铁对劳动力和产业配置错配的影响：来自 2000-2019 年中国城市的证据

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-04-08 DOI: 10.1016/j.asieco.2024.101744

Jing Fang , Fanjie Fu , Xiaoqian Zhang , Shujie Yao , Jinghua Ou

{"title":"Impact of high-speed rail on the mismatch of labor and industry allocations: Evidence from Chinese cities in 2000-2019","authors":"Jing Fang , Fanjie Fu , Xiaoqian Zhang , Shujie Yao , Jinghua Ou","doi":"10.1016/j.asieco.2024.101744","DOIUrl":"https://doi.org/10.1016/j.asieco.2024.101744","url":null,"abstract":"<div><p>The uneven development of China can be reflected by the mismatch of labor and industry distributions (MLIS) in terms of spatial structure. Industries usually agglomerate in large cities where a strict household registration system causing high barriers with respect to population and labor entry. Infrastructures that reduce the cost of labor and technology mobility, as represented by high-speed rail (HSR), are possible improvement to regulate such distortions as the two agglomerated into opposite directions. This paper focuses on the impact of HSR on MLIS using a large panel dataset comprising 285 Chinese cities in 2000–2019. A difference-in-difference analysis is introduced to carried out empirical analyses. This paper finds that HSR can significantly mitigate the MLIS in prefecture level cities, but not in cities above prefecture level. The heterogeneous effects of HSR are then discussed with respect to industries and MLIS types. Further mechanism tests show that HSR’s mitigating effect on MLIS comes from the employment effect and the innovation effect. Finally, policy recommendations are provided on HSR investment to improve China's uneven development from the perspective of synergy labor and industry distributions.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"92 ","pages":"Article 101744"},"PeriodicalIF":3.2,"publicationDate":"2024-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140631644","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

Impact of financial development on the position in global value chain: An analysis from the perspective of R&D intensity 金融发展对全球价值链地位的影响：从研发强度的角度进行分析

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-04-01 DOI: 10.1016/j.asieco.2024.101742

Lu Xu , Jing Jing , Chenyu Wu

引用次数: 0

Teleworkability and its heterogeneity in labor market shock 远程工作能力及其在劳动力市场冲击中的异质性☆。

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-03-30 DOI: 10.1016/j.asieco.2024.101741

Dandan Zhang , Chuliang Luo , Yiran Zi

{"title":"Teleworkability and its heterogeneity in labor market shock","authors":"Dandan Zhang , Chuliang Luo , Yiran Zi","doi":"10.1016/j.asieco.2024.101741","DOIUrl":"10.1016/j.asieco.2024.101741","url":null,"abstract":"<div><p>The rapid development of information and communication technologies has brought about a marked change in work patterns, with teleworking emerging as a vital and complementary form of employment. The COVID-19 outbreak in 2020 led to widespread social isolation, accelerating the adoption of teleworking. Following Dingel and Neiman (2020), we construct a teleworkability index for over 4539 employees and analyze the dynamic changes in their working status in China. Our findings suggest that business and technical workers are more likely to work remotely than essential labor workers. Highly educated female workers who live in the southeast of China show the advantage of working from home. Further regression estimation indicates that, throughout 2020, workers with a higher teleworkability index can better cope with adverse shocks from the pandemic with higher return-to-work rates and higher productivity. In contrast, those with a lower teleworkability index face challenges in job retention and suffer from higher unemployment rates and severe income losses. In addition, the teleworkability index is positively associated with mental health status. This study highlights the most vulnerable segment in the labor market, those with low teleworkability, should be well targeted by the social security system.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"92 ","pages":"Article 101741"},"PeriodicalIF":3.2,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140403556","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

Exploring price level trajectory in India: Does it validate the fiscal theory of price level? 探索印度的价格水平轨迹：它是否验证了价格水平的财政理论？

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-03-30 DOI: 10.1016/j.asieco.2024.101740

Biswajit Maitra , Tafajul Hossain

{"title":"Exploring price level trajectory in India: Does it validate the fiscal theory of price level?","authors":"Biswajit Maitra , Tafajul Hossain","doi":"10.1016/j.asieco.2024.101740","DOIUrl":"https://doi.org/10.1016/j.asieco.2024.101740","url":null,"abstract":"<div><p>The fiscal policy’s impact on the price level is theorized as the Fiscal Theory of Price Level (FTPL) and has been popularized since the 1980 s. Developing countries often face the problem of prolonged deficits in fiscal management and depend on public debt. Studies on the FTPL in these countries are pertinent but scarce. This paper explores the price level trajectory in the Indian economy for 1985–2019 on the premise of FTPL. Empirical assessment involves both fiscal variables (deficit, debt, public spending) and money supply. The results of the cointegrated vector autoregression model followed by an impulse response analysis reveal that fiscal deficit stimulates the price level, while public spending has a stabilizing impact. Public debt is rather inflationary, but its impact is not robust. Besides, the money supply amplifies the price level. In the price level trajectory, neither the fiscal dominance nor the monetary dominance, that is, indeterminacy, is ascertained. The proactive role of fiscal and monetary policies in the price level trajectory suggests that if the Reserve Bank of India’s stance on price-level stabilization is abreast, the fiscal authority might accomplish the appropriate strategy.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"92 ","pages":"Article 101740"},"PeriodicalIF":3.2,"publicationDate":"2024-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140339660","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 decline in the labor share: Evidence from Japanese manufacturers’ panel data 劳动份额的下降：来自日本制造商面板数据的证据

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-03-27 DOI: 10.1016/j.asieco.2024.101739

Koyo Miyoshi

{"title":"The decline in the labor share: Evidence from Japanese manufacturers’ panel data","authors":"Koyo Miyoshi","doi":"10.1016/j.asieco.2024.101739","DOIUrl":"10.1016/j.asieco.2024.101739","url":null,"abstract":"<div><p>This paper replicates Kehrig and Vincent (2021) using Japanese data and tests whether the overall labor share decline is led by an increase in low-labor-share firms. The results can be summarized as follows. First, although the labor share of median firms did not rise while the overall labor share was declining, the rate of decline in the labor share of the median firm was slower than the overall rate of decline. Second, the value-added share of firms with a low labor share increased while their salary share did not increase when the overall labor share declined. Third, entry and exit are not important to the decline in overall labor share, as in the United States. Fourth, the role of firms with an extremely low labor share, say under decile, which is a good explanation of the change in labor share in the United States, is limited in Japan. Fifth, the change in actual labor share is very similar to <span><math><mrow><mo>∑</mo><msub><mrow><mi>ω</mi></mrow><mrow><mi>i</mi><mo>,</mo><mi>i</mi><mi>n</mi><mi>i</mi><mi>t</mi><mi>i</mi><mi>a</mi><mi>l</mi></mrow></msub><msub><mrow><mi>λ</mi></mrow><mrow><mi>i</mi><mi>t</mi></mrow></msub></mrow></math></span>, the product of the initial value-added share and labor share at the time. Sixth, firms that increased their value-added share tended to decrease their labor share.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"92 ","pages":"Article 101739"},"PeriodicalIF":3.2,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140399401","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 export trade drive green transformation development of Chinese enterprises? based on the dual perspectives of export density and export domestic value-added rate 基于出口密度和出口国内增值率的双重视角，出口贸易能否推动中国企业的绿色转型发展？

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-03-24 DOI: 10.1016/j.asieco.2024.101737

Ming Chen , Hongbo Wang

{"title":"Can export trade drive green transformation development of Chinese enterprises? based on the dual perspectives of export density and export domestic value-added rate","authors":"Ming Chen , Hongbo Wang","doi":"10.1016/j.asieco.2024.101737","DOIUrl":"https://doi.org/10.1016/j.asieco.2024.101737","url":null,"abstract":"<div><p>Using the Slack Based Measure model and the globally referenced Malmquist-Luenberger index, the green total factor productivity at the enterprise level is calculated from 2002 to 2013 in this paper. Based on this, the fixed effects model, system Generalized Method of Moments, and instrumental variable method are used to examine the impact of export trade on green transformation of enterprises from two perspectives: export density and export domestic value-added rate. The results show that the increased export density and export domestic value-added rate have greatly promoted the green development of enterprises. The internal mechanism is mainly reflected in the domestic market competition channels, management channels and terminal treatment channels. Heterogeneity analysis finds that the increase in export density has a significant promoting effect on the green transformation of coastal enterprises, enterprises engaged in general trade and comprehensive trade. The green effect of increasing the domestic value-added rate of exports on private enterprises and enterprises engaged in comprehensive trade is particularly evident. Both have a strong effect on improving green total factor productivity for enterprises established less than 40 years ago. The research conclusions provide important theoretical support for the coordinated and effective promotion of the development of open economy and green transformation.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"92 ","pages":"Article 101737"},"PeriodicalIF":3.2,"publicationDate":"2024-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140308548","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 opposite innovation impacts of air and water pollution regulations: Evidence from the total emissions control policy in China 大气和水污染法规对创新的反向影响：来自中国排放总量控制政策的证据

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-03-21 DOI: 10.1016/j.asieco.2024.101738

Yanyan Gao , Jianghuai Zheng

{"title":"The opposite innovation impacts of air and water pollution regulations: Evidence from the total emissions control policy in China","authors":"Yanyan Gao , Jianghuai Zheng","doi":"10.1016/j.asieco.2024.101738","DOIUrl":"https://doi.org/10.1016/j.asieco.2024.101738","url":null,"abstract":"<div><p>This paper uses a unique firm-level data set from China’s two most developed regions, the Yangtze River Delta (YRD) and the Pearl River Delta (PRD), to examine the effects of environmental regulations on innovation. Variations in air and water pollution reduction plans under the Total Emissions Control Policy from the 10th to the 12th Five-Year Plans (2001–2015) are explored to measure the stringency of environmental regulations faced by industrial firms. To alleviate endogeneity concerns, we calculate city-level fair pollution reduction volumes which rely only on each city’s contribution to national pollution emissions in the base years and use them as instrumental variables of reduction plans. The two-stage least square estimations reveal that while air pollution regulation (APR) motivates industrial firms to innovate, water pollution regulation (WPR) hinders firm innovation. We confirm the opposite effects by estimating the impact on entrepreneurs’ perceptions of the importance of innovation in industrial firms’ development. Heterogeneity effect analysis shows that APR also hinders innovation in heavily air-polluting industries and state-owned firms, and WPR produces a decreasing innovation-hindering effect over time, which is larger in the YRD region than in the PRD region. We interpret the opposite impacts with the fact that water pollution discharges are more equally distributed across industries than air pollution emissions, resulting in more pervasive and stringent WPR.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"92 ","pages":"Article 101738"},"PeriodicalIF":3.2,"publicationDate":"2024-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140209001","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 paternal parenting behaviors on children development in western rural China 中国西部农村地区父亲的养育行为与儿童发展

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-03-20 DOI: 10.1016/j.asieco.2024.101736

Ai Yue , Yali Zhang , Shuhang Zhao , Shibin Liang , Tong Ru , Na Qiao , Yaojiang Shi

{"title":"The effect of paternal parenting behaviors on children development in western rural China","authors":"Ai Yue , Yali Zhang , Shuhang Zhao , Shibin Liang , Tong Ru , Na Qiao , Yaojiang Shi","doi":"10.1016/j.asieco.2024.101736","DOIUrl":"10.1016/j.asieco.2024.101736","url":null,"abstract":"<div><p>Despite the crucial role of fathers’ parenting activities in early child development and the increasing global attention to fathers’ parenting behaviors, these is a paucity of knowledge regarding paternal parenting in rural China. Using a rich dataset of 1145 infants from rural China, we described the prevalent paternal parenting behaviors in the sample area and explored the correlations between fathers’ parenting behaviors and children’s cognitive outcome and socio-emotional development. To assess children’s cognitive development, we utilized various scales based on their development stages: the Bayley Scales of Infant Development-Third Edition (BSID-III) for ages 6–24 months and the Wechsler Preschool and Primary Scale of Intelligence-Fourth Edition (WPPSI-IV) for ages 52–85 months. Our overall findings revealed positive correlations between paternal behaviors and developmental outcomes of sampled children, including cognitive skills and social-emotional development. Fathers’ parenting behaviors in rural China are insufficient and need to be improved. Specifically, less than a quarter of fathers reported engaging in activities such as telling stories using picture books, singing songs, or playing with toys with their children in the past three days. Based on our findings, we recommend that local government provide additional parenting instructions to heighten fathers’ awareness and participation in parenting activities, especially in rural low-income areas. Additionally, creating more employment opportunities in their hometowns for fathers with young children could substantially benefit these children.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":"92 ","pages":"Article 101736"},"PeriodicalIF":3.2,"publicationDate":"2024-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140281898","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 trade openness and exchange rate on inflation targeting in Thailand 贸易开放度和汇率对泰国通货膨胀目标制的影响

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2024-03-16 DOI: 10.1016/j.asieco.2024.101733

Pongsak Luangaram, Nipit Wongpunya

引用次数: 0