Journal of Asian Economics最新文献_第9页

Do export tax rebates promote firm upgrading? Evidences from labor-intensive firms in China 出口退税能促进企业升级吗？来自中国劳动密集型企业的证据

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2023-12-05 DOI: 10.1016/j.asieco.2023.101690

Yue Liang , Wencong Lu

{"title":"Do export tax rebates promote firm upgrading? Evidences from labor-intensive firms in China","authors":"Yue Liang , Wencong Lu","doi":"10.1016/j.asieco.2023.101690","DOIUrl":"10.1016/j.asieco.2023.101690","url":null,"abstract":"<div><p>With increasing the low-cost competition in international market, firm upgrading especially for Chinese labor-intensive firms is vital to strengthening their export competitiveness. Using a panel data of Chinese labor-intensive firms for 2001–2013, this paper explores whether export tax rebates (ETR) promote firm upgrading measured by technological sophistication and product quality. Results show that a positively significant effect of ETR on firm upgrading. An increase in ETR rates by 10 % upgrades technological sophistication by 2.3 % and product quality by 2.1 %. Moreover, there exists an inverse-U shaped relationship between the rebate rate and firm upgrading, and the turning point occurs when the rate is at 0.15 for technological sophistication and at 0.13 for product quality. Further mechanism analysis reveals that the internal knowledge creation and international knowledge transfer are two parallel pathways linking ETR and firm upgrading. The effect of ETR on technological sophistication is carried mainly by internal knowledge creation, while international knowledge transfer is more important for upgrading product quality. However, the ETR effects vary across firms with different characters.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138618610","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

Beyond the modern productivity paradox: The effect of robotics technology on firm-level total factor productivity in China 超越现代生产率悖论:机器人技术对中国企业全要素生产率的影响

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2023-12-02 DOI: 10.1016/j.asieco.2023.101692

Yi Zhang , Ting Wang , Chun Liu

引用次数: 0

Foreign M&A and inventory adjustment: Evidence from Chinese manufacturers 外资并购与库存调整:来自中国制造业的证据

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2023-11-23 DOI: 10.1016/j.asieco.2023.101682

Wei Zhao , Xiangyu Wei , Yunong Li

{"title":"Foreign M&A and inventory adjustment: Evidence from Chinese manufacturers","authors":"Wei Zhao , Xiangyu Wei , Yunong Li","doi":"10.1016/j.asieco.2023.101682","DOIUrl":"https://doi.org/10.1016/j.asieco.2023.101682","url":null,"abstract":"<div><p>With China’s deepening opening-up to the world, its favorable business environment and investment attraction policies appeal to a growing number of multinational enterprises to enter the Chinese market. As a major form of FDI, foreign M&A has raised scholars' attention to explore its role in China's economic development. As one of these academic explorations, this study makes a pioneering effort to identify the inventory adjustment effect of Foreign M&A by adopting a large-scale, firm-level dataset from the Annual Survey of Industrial Firms (ASIF) database and the Bureau Van Dijk (BVD) database. The conclusions are presented as follows: (1) Foreign M&A has a significantly positive impact on non-finished products inventory through the effect of market scale. The result remains robust when we controlled a series of control variables, using PSM+DID method and carrying out heterogeneity test. (2) Foreign M&A has a significantly negative impact on the overall inventory. In addition, foreign M&A also shows a preference for top performers, a tendency that enterprises with higher total assets and capital, higher output value, higher added value, export trade competitiveness and high sales income are prone to be targets hunted by multinational enterprises.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138484579","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 global liquidity on Indian financial markets and monetary policy outcomes: An ARDL approach 全球流动性对印度金融市场和货币政策结果的影响:一个ARDL方法

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2023-11-23 DOI: 10.1016/j.asieco.2023.101674

Vimarsh Padha, Aditi Chaubal

{"title":"Impact of global liquidity on Indian financial markets and monetary policy outcomes: An ARDL approach","authors":"Vimarsh Padha, Aditi Chaubal","doi":"10.1016/j.asieco.2023.101674","DOIUrl":"10.1016/j.asieco.2023.101674","url":null,"abstract":"<div><p>Liquidity management is essential for the financial framework of any economy, especially for operationalizing monetary policy<span><span>. The relatively resilient Indian financial system experiences the transmission of </span>global liquidity shocks, which results in a reversal of portfolio flows from domestic markets resulting in central bank interventions. This paper examines the impact of global liquidity shocks on key financial and monetary variables of the Indian economy using quarterly data for the period 2000–2018 using an autoregressive distributed lags framework. We find the presence of long-run relationships between global liquidity variables (such as the US treasury bill rate, CBOE-VIX index, and US broad monetary aggregate) and the Indian financial markets (NSE Nifty index) and the monetary policy outcome (91-day Treasury bill rate). In the short run, the results were significant for the impact of the risk aversion measure on domestic policy rate in line with the expectations channel. The exchange rate channel and global money supply also significantly impacted the Indian policy rate. The results have significant policy implications as they indicate the most optimal transmission channels through which global liquidity affects the Indian economy.</span></p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138507054","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

Trade and employment in the formal and informal sectors: A natural experiment from Cambodia 正式和非正式部门的贸易和就业:柬埔寨的自然实验

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2023-11-18 DOI: 10.1016/j.asieco.2023.101676

Kiyoyasu Tanaka , Theresa M. Greaney

引用次数: 0

Flying high in the sky: The airports decentralization reform and regional economic development in China 翱翔天际:机场分权改革与中国区域经济发展

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2023-11-17 DOI: 10.1016/j.asieco.2023.101681

Pinghan Liang , Wei Zou

{"title":"Flying high in the sky: The airports decentralization reform and regional economic development in China","authors":"Pinghan Liang , Wei Zou","doi":"10.1016/j.asieco.2023.101681","DOIUrl":"https://doi.org/10.1016/j.asieco.2023.101681","url":null,"abstract":"<div><p><span>This paper uses the airports decentralization reform in China, 2003–2004, to explore the impacts of management structure of transportation infrastructure on the operational efficiency and the regional economy. The DID estimation shows that the operational efficiency of reformed airports significantly increase after the reform. We use a geo-coded micro-level panel dataset of Chinese manufacturing firms to estimate the economic impact of this reform. Our triple difference estimation explores three-dimension firm-level variations: location (i.e., near versus far from reformed airports), </span>industry (i.e., high-skill-intensive industries relative to low-skill intensive ones), and year (i.e., before and after the reform). We find out that the high-skill-intensive firms with better airport access experience 8.6% more reduction in the inventory level, 2.4% more increase in manufacturing productivity, and 2.5% more increase in the value-added after the reform. Consistent with the existing literature, we show that the reform increases external investment and expands market access. Placebo tests on unaffected airports rule out alternative explanations. Our results are robust against various alternative specifications.</p></div>","PeriodicalId":47583,"journal":{"name":"Journal of Asian Economics","volume":null,"pages":null},"PeriodicalIF":3.2,"publicationDate":"2023-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138404241","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

Artificial intelligence and intergenerational occupational mobility 人工智能与代际职业流动

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2023-11-14 DOI: 10.1016/j.asieco.2023.101675

Linhui Wang , He Zhao , Zhanglu Cao , Zhiqing Dong

引用次数: 0

The impact of the innovation city project on the local economy: Evidence from Korean Innovation City Project from 2012 to 2014 创新城市项目对地方经济的影响——以2012 - 2014年韩国创新城市项目为例

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2023-11-13 DOI: 10.1016/j.asieco.2023.101677

Seongmin Seo , Do Won Kwak

引用次数: 0

Do financial markets react to emerging economies’ asset purchase program? Evidence from the COVID-19 pandemic period 金融市场对新兴经济体的资产购买计划有何反应?来自COVID-19大流行时期的证据

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2023-11-11 DOI: 10.1016/j.asieco.2023.101678

K.P. Prabheesh , Rakesh Padhan , Javed Ahmad Bhat

引用次数: 0

The impact of monetary and fiscal stimulus on stock returns during the COVID-19 Pandemic COVID-19大流行期间货币和财政刺激对股票回报的影响

IF 3.2 3区经济学

Journal of Asian Economics Pub Date : 2023-11-11 DOI: 10.1016/j.asieco.2023.101680

Chinmaya Behera , Badri Narayan Rath , Pramod Kumar Mishra

引用次数: 0