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Assessing the trade–connectivity linkages in South Asia in post-pandemic period: an empirical investigation Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2024-03-14 Prabir De, Durairaj Kumarasamy
The study unravels the relationship between trade and connectivity and presents a narrative to re-energise the South Asian regional economic integration in the post-pandemic period. In addition, th...
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The macroeconomic effects of COVID-19 vaccinations in five Asian countries Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2024-02-23 George Verikios, Tara Shridhar, Tilak Susantha Liyanaarachchi
COVID-19 vaccines were released en masse globally in 2021 and were regarded by policy makers as crucial in dealing with the coronavirus pandemic. An important question is thus to understand the ben...
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Correction Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2024-02-21
Published in Journal of the Asia Pacific Economy (Ahead of Print, 2024)
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COVID-19 effects and home-grown policy response in Sri Lanka Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2024-02-20 Ganeshan Wignaraja
The paper examines the fascinating case of middle-income Sri Lanka with pre-existing macroeconomic weaknesses hit by COVID-19. The pandemic created a public health emergency and an economic crisis ...
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Climate change and income inequality in Asia: how does institutional quality matter? Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2024-02-14 Cong Minh Huynh, Hong Hiep Hoang
Asia – the most vulnerable continent to climate change – problematizes policy makers with its dual challenges of high income inequality and low institutional quality. This paper sheds light on the ...
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Unveiling the economic odyssey: exploring the well-being of Bangladeshi migrant workers in Malaysia Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2024-02-05 Md Mohsin Reza, M. Rezaul Islam, Thirunaukarasu Subramaniam
This study assesses the economic well-being of 220 Bangladeshi migrant workers in Malaysia, utilizing a quantitative approach and an economic well-being index. Findings reveal insights into their m...
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The welfare impact of the COVID-19 pandemic: an analysis of the Philippine labor market using the CGE-microsimulation approach Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2024-01-29 Cymon Kayle Lubangco, Philip Arnold P. Tuaño
Global exogenous shocks, such as the COVID-19 pandemic, challenge the capacities of economies to cushion their welfare impacts. Such shocks translate to macroeconomic slowdowns, labor market contra...
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Statistical identification of predictors of dropout in secondary education: evidence from Malaysia Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2024-01-27 Rosna Awang Hashim, Hock-Eam Lim, Mohd Fairuz Jafar, S. Kanageswari Suppiah Shanmugam, Nurliyana Bukhari
The issue of school dropout has been long rooted in Malaysia. To address this issue effectively, further insight into the predictors of the school dropout and the early statistical identification o...
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Identifying the sources of economic growth in Sri Lanka under trade liberalization: the primal and dual total factor productivity growth Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2024-01-25 Ranpati Dewage Thilini Sumudu Kumari, Sam Hak Kan Tang
We explore the sources of economic growth in Sri Lanka for the period during which it implemented a liberalized trade policy. We first calculate the primal and dual total factor productivity growth...
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Can India universalize social insurance before its demographic dividend ends? Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2024-01-21 Santosh Mehrotra
About 91% of India’s workforce of 520 million is informal, lacking social insurance. However, this paper finds the Social Security Code 2020 wanting, but with potential for universalizing social in...
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Free trade agreements (FTAs) and export structures: evidence from Thailand Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2024-01-18 Juthathip Jongwanich
This study aims to investigate the role of (in-effect) FTAs in influencing export structures, defined as intensive margin, extensive margin (products and markets) and sophistication at product leve...
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Occupational feminization, gender, and wages: evidence from Thailand Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-12-22 Sasiwimon Warunsiri Paweenawat, Lusi Liao
This study examines the relationship between occupational feminization and wages in Thailand using the Thailand Labor Force Survey data (LFS) (2008-2017). Employing the Augmented Inverse Probabilit...
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Correction Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-12-12
Published in Journal of the Asia Pacific Economy (Ahead of Print, 2023)
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Do flexible exchange rates matter for monetary autonomy? Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-12-03 Rim Oueghlissi, Sy-Hoa Ho, Tuan Nguyen-Anh, Riadh El Ferktaji
This paper studies the impact of exchange rate regimes on monetary autonomy, by applying a propensity score matching (PSM) model for 174 countries over the period 1970–2017. The PSM technique, that...
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Towards equitable healthcare provision: convergence of public health spending and the role of decentralization in Malaysia Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-11-27 Yusniliyana Yusof, Kazi Arif Uz Zaman
This paper investigates the behavior of public health spending across different states in Malaysia, focusing on the convergence of per capita spending and the impact of decentralization on health e...
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Guangdong – Hong Kong – Macao Greater Bay Area (GBA): economic progress, diversification, and convergence Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-11-22 Vinh Q. T. Dang, Fung Kwan, Agnes I. F. Lam
We use principal component analysis to create three indices that measure the economic development of eleven cities in the Guangdong – Hong Kong – Macao Greater Bay Area (GBA) over 2010–2019. The in...
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Social networks and earnings differential of internal migrants in Indonesia: a switching regression Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-10-23 Siti Parhah, Armida S. Alisjahbana, Mohamad Fahmi, Raden Muhamad Purnagunawan
This study examines the earnings differential between users and non-users of networks of Indonesian internal migrants. By exploiting the Indonesian Family Life Survey wave 5, we employ endogenous s...
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Crop-insurance adoption and impact on farm households’ well-being in India: evidence from a panel study Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-10-12 Dinamani Biswal, Chandra Sekhar Bahinipati
Despite several benefits, the crop insurance adoption rate is observed as low in India. Numerous studies have, therefore, enquired about the reason behind low adoption, and further, a few cross-sec...
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Trade credit and corporate investment: enhancing value creation Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-10-09 Bahadır Karakoç
This study explores the moderating role of trade credit in the value-creation process of firms. Through panel data analysis of annual data from publicly listed firms in ten developing Asian economi...
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A Markov switching approach to business cycles in India Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-10-09 Mathew Koshy Odasseril, K. R. Shanmugam
This is the first empirical study that analyzes the nature of business cycles in India using quarterly GDP growth data from 1998Q1 to 2022Q4 and the Markov Switching Auto-regressive model. In order...
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Productivity loss and misallocation of resources in Southeast Asia Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-10-02 Francesca de Nicola, Norman Loayza, Ha Nguyen
This article examines within-sector resource misallocation in three Southeast Asian countries—Indonesia, Malaysia, and Vietnam. The methodology accounts for measurement error in revenues and costs....
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How do government bond yields respond to monetary policy? Evidence from Vietnam Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-07-16 Sy-Hoa Ho, Nu Ngoc Thuy Hoang, Minh Hien Luong, Huong-Nam Dau, Hoang Anh Le
Abstract This paper analyzes the impact of monetary policy, banking liquidity, and macroeconomic factors on the government bond yield in Vietnam by employing a VAR model. Our findings show that the central bank policy interest rate plays a significant role in government bond yield both in the short- and long-term. There was a downward trend of government bonds in the period 2007–2019 thanks to the
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From nickel to Electric cars? Indonesia’s resource cum automotive industry policy Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-07-10 Martin Schröder, Fusanori Iwasaki
Abstract This paper elucidates Indonesia’s resource-cum-industrial policy to leverage domestic nickel resources for building a localised value chain from mining to electric vehicles. The value chain is first mapped in order to facilitate the policy analysis. While Indonesia is successful in attracting investment projects which aim to build the value chain from mining to electric vehicle batteries within
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Climate sensitivity of major crops yield in Telangana state, India Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-07-10 Rajeshwar Moulkar, Dayakar Peddi
Abstract The study analyzed the historical functional relationship between weather change and crops yield in Telangana state. This study uses 42 years of district-level data of three crops-viz., rice, maize, and groundnut. The estimated Panel-Corrected Standard Error (PCSE) model results found that the impact of weather variables on crops yield are season specific and varies across crops in Telangana
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The impact of education on inequality in a decentralized Indonesia Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-07-04 Matondang Elsa Siburian
Abstract The main objective of this paper is to clarify the impact of education on income inequality in a decentralized Indonesia. This paper uses Indonesian provincial-level data from 2001 to 2018 and dynamic panel estimation techniques to deal with the estimation’s potential persistence and endogeneity problems. The result provides evidence that the higher level of fiscal decentralization, the weaker
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Why has inequality in the Philippines declined? A two-stage hierarchical inequality decomposition analysis by location and education Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-06-07 Takahiro Akita, Raquel Celeste, Sachiko Miyata
Abstract The Philippines has been successful in reducing inequality over the last two decades. This study conducts a two-stage hierarchical inequality decomposition analysis by location and education to explore the determinants of declining expenditure inequality using the Family Income and Expenditure Survey. In the period 1997-2006, falling inequality among urban households with tertiary education
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Economic analysis of exposure to the elevated level of PM10 in Vietnam: a COI and WTP approach Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-05-29 Tien Dung Khong, Yen Dan Tong, David Walker, Khai Viet Huynh
Abstract To understand the harm caused by air pollution and attract attention from government agencies, this study estimates the exposure to the elevated level of PM10 and its effect on health. This study employed two distinct approaches: cost-of-illness (COI) and willingness-to-pay (WTP). The results revealed that people are willing to pay for risk reduction initiatives, and the difference between
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The interest rate transmission mechanism and transmission efficiency of monetary policy in China: empirical analysis based on TVP-SV-VAR model Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-05-25 Zheng Lü, Jingyi Xu, Liping Liu
Abstract Our theoretical model sets money market short-term interest rate as policy rate and reveals the mechanism of policy rate transmission to bond market interest rate and credit market interest rate. We apply the TVP-SV-VAR model to examine changes in transmission efficiency during these processes. We find that after central bank deregulated interest rates, the transmission efficiency of monetary
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The disproportionate effect of COVID-19 on the labour market in South Korea Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-05-23 Taiwon Ha
Abstract COVID-19 delivered distributional effects on the labour market. Therefore, policymakers concentrated on designing more efficient and effective fiscal supports to alleviate economic damages. To draw more specific pictures, this study estimates who faced harder impacts and how much they experienced economic difficulties in Korea using unconditional quantile regression and separating vulnerable
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Universal basic income, time inconsistency and saving regret Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-05-16 Tomoya Suzuki
Abstract We investigate whether a universal basic income (UBI) programme should replace New Zealand’s public pension system. A UBI programme would increase the number of social benefit recipients and hence increase tax rates. Not only the basic income itself but also its accompanying tax rate hikes would influence intra- and inter-temporal choices of households. We use an overlapping generations model
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Whither South Korea’s economic growth? Growth deceleration, structural issue, and risk of stagnation Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-05-12 Jaejoon Woo
Abstract Korea has been struggling with its faltering growth over recent years. Sorting out the key elements that have gone into this slowdown and what it takes to sustain growth into the future is important. We address the nature of growth deceleration, structural factors, and future growth scenarios and present the evidence that structural rigidities and poor-quality institutions are important factors
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Federal transfers and sub-national spending in India: an analysis of the stimulatory effect Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-05-04 A. M. Suha, P. S. Renjith
Abstract This study empirically examines the stimulatory effect of federal transfers in India using a panel dataset of 21 states for the period 2005–06 to 2019–20. In mapping the stimulus effect, we test the validity of the ‘extended flypaper effect’, where lumpsum federal transfers tend to increase the state’s public spending more than a corresponding increase in its own revenue and borrowing resources
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Does geopolitical risk affect bilateral trade? Evidence from South Korea Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-04-24 Chi Yeol Kim, Hyungsuk Jin
Abstract This study examines the impact of geopolitical risk on international trade of South Korea. Given the economic and diplomatic environment surrounding the Korean Peninsula, it is likely that shocks from geopolitical events exert a significant impact on international trade of Korea. To this end, we employ popular indices of geopolitical risk developed and the dataset for international trade of
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How does uncertainty drive the bank lending channel of monetary policy? Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-04-05 Van Dan Dang, Japan Huynh
Abstract The literature has ignored the mediating role of uncertainty in the link between monetary policy and bank lending. Using data from commercial banks in Vietnam from 2007 to 2019, this article expands the literature stream on monetary policy transmission by investigating the impact of uncertainty on the bank lending channel. We employ the variability of shocks to bank-specific factors to measure
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The effect of the regulation of the total amount of household loans on lending behavior of Korean banks Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-03-12 Ji-Yong Seo
Abstract This study empirically analyzed the effect of Korea’s regulation of total amount of loans in household sector on bank prices like lending rate, interest business profitability, and loan portfolio decisions. Korea, which is known as a country with tight financial regulations among OECD countries, recently implemented a regulation on the total amount of household debt as a measure in response
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How does financial openness affect economic growth at different stages of economies? Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-03-08 Doo Kyun Wang, H. E. Cha, Naveen Seth
Abstract An area of debate in development economics is how financial openness affects economic development. In spite of considerable research, there is no consensus. This is because there are many financial openness indices, so the results are not robust to variations in the index, as discussed in Gräbner et al. (2021). Due to the possibility of different initial conditions, different levels of development
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A study of the anti-poverty effect of minimum wage in underdeveloped areas: based on the perspective of farmers’ employment choices and income Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-03-07 Enmeng Liu, Yurui Jiang, Qin Zhang, Lei Yan, Jiapeng Liu
Abstract The minimum wage can play an active role in anti-poverty. The theoretical analysis and simulation find that a higher minimum wage can increase farmers’ employment intention and income, and has a more obvious effect on low-income farmers. Statistics from questionnaire surveys in three districts in the western China show that a higher minimum wage will promote farmers who leave behind in hometown
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In Memoriam Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-02-08
Published in Journal of the Asia Pacific Economy (Vol. 28, No. 1, 2023)
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Labour market effects of social insurance reform in Vietnam Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-02-02 Thanh-Long Giang, Kieu-Dung Nguyen
Abstract This research provides the first evidence on how labour supply and earnings may adjust to the expansion of insurance benefits under the 2014 Social Insurance Law reform. The data for this study come from the Vietnam Labour Force Surveys. Both difference-in-differences and fixed-effect models are used. The estimated results reveal negative reform effects on the work duration and earnings of
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Investor sentiments and extreme risk spillovers from oil to stock markets: evidence from Asian countries Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-01-23 Fei Wu, Qiang Ji, Yan-Ran Ma, Dayong Zhang
Abstract This study seeks to investigate the extreme risk spillovers from crude oil to four major Asian stock markets from a market sentiment perspective. A copula-CoVaR (Conditional Value-at-Risk) approach is adopted to construct a dynamic network to capture the contributions of different types of market sentiment to the evolution of oil-stock risk nexus. The empirical evidence shows the presence
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Politically connected independent directors are ‘helping hand’ and ‘grabbing hand’ for CSR performance of firms in Pakistan Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2023-01-06 Zahid Irshad Younas, Samavia Arshad, Mamdouh Abdulaziz Saleh Al-Faryan
Abstract This study aims to determine the impact of different categories of politically connected independent directors (PCOIDs) on corporate social responsibility (CSR) performance. Furthermore, the study identifies rent-seekers among different categories of PCOIDs. This study uses data on politically connected firms in Pakistan from 2008 to 2017. This study applies a two-step generalised method of
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Productivity growth convergence across Indian states: a spatial dynamic panel analysis Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-11-30 Chhavi Tiwari, Sankalpa Bhattacharjee, Pradeepta Sethi, Debkumar Chakrabarti
Abstract The study re-examines convergence among Indian states by estimating their total factor productivity (TFP) for the period 1990/91–2018/19. The novelty of the study is the decomposition of TFP change into efficiency change and technological change using the Malmquist index in a spatial dependence framework to test convergence. Findings reveal that, on average, productivity increased at an aggregate
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Unfolding impacts of the COVID-19 pandemic on micro, small, and medium-sized enterprises in Asia Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-10-20 Asami Takeda, Takiko Igarashi, Tetsushi Sonobe
Abstract Due to economic shocks related to the COVID-19 pandemic, micro, small, and medium-sized enterprises (MSMEs) have faced significant hardship. Questions arise; however, regarding the extent to which hardship has varied between sectors and countries over time, whether it is gender neutral, whether digitalization could alleviate it, and whether government support has reached them. Using survey
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Navigating LDC graduation: modelling the impact of RCEP and CPTPP on Bangladesh Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-08-29 Selim Raihan, Sangeeta Khorana, Mahtab Uddin
Abstract Bangladesh will graduate from the LDC list by 2026. Currently, Bangladesh's exports of readymade garments (RMG) benefit from international support measures which allow preferential trade in major export destinations, such as the EU. After graduation, Bangladesh's exports, particularly RMG, will face competition from mega trading blocs, such as RCEP and CPTPP. This article employs the GTAP
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Systemic risk in the consumer credit network across financial institutions Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-08-25 Hosung Jung, Hyun Hak Kim
Abstract This study investigated a network of financial institutions in Korea using the Korea Consumer Credit Panel (KCCP). It is assumed that each consumer borrows from multiple institutions, so those institutions share risks from the same consumers regardless of the quality or type of loan. We constructed a financial network comprising those institutions and computed a contagion index based on their
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Fiscal decentralization and income convergence: evidence from Vietnam Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-08-25 Le Thi Thu Diem, Neil Hart
Abstract The question of regional per-capita income convergence has been widely investigated theoretically and empirically. This study reviews the relevant literature and considers the possible significance of fiscal decentralisation in the convergence process. Alternative indicators of fiscal decentralization are examined within a SDM model which also takes into account possible spatial interdependencies
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Local financial development and the growth of small firms in Vietnam Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-08-10 Viet T. Tran, Yabibal M. Walle, Helmut Herwartz, Trung Thanh Nguyen
Abstract This paper examines whether heterogeneities in financial development among Vietnamese provinces matter for firm growth in Vietnam. Using a nationally representative firm survey that covers more than 41,000 firms for the period 2009 − 2013, we estimate the impact of provincial financial development on the growth rates of firms by accounting for sectoral differences in growth opportunities.
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Investigating SME’s credit constraints: a trinary approach Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-08-09 Lan Archer, Parmendra Sharma, Jen-Je Su
Abstract This study aims to provide an understanding of factors that might affect three-level credit constraints of small and medium-sized enterprises (SMEs) in Vietnam, using data from the Vietnam’s Manufacturing SME Survey database. We apply a random-effects generalised ordered probit model to accommodate two types of heterogeneity: unobserved individual heterogeneity and the heterogeneous effect
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What causes outward foreign direct investment (OFDI) from India into least developed countries (LDCs)? Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-07-19 Apoorva Jain, Sonal Thukral
Abstract Although Outward Foreign Direct Investment (OFDI) from India into Least Developed Countries (LDCs) has been increasing amid various initiatives and policy reforms undertaken by the Government of India viz., Duty-Free Tariff Preference Scheme, Asia Africa Growth Corridor etc., India still does not feature amongst the top ten investor economies in LDCs. This makes it imperative to understand
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Economic freedom, economic development and income inequality in Asia: an analysis from the Kuznets curve perspective Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-07-05 Cong Minh Huynh
Abstract The impact of economic freedom on income inequality has been inconclusive in the literature. Previous studies also show the importance of economic freedom in boosting economic development, whereas the Kuznets curve theory indicates the inverted U-shaped relationship between economic development and income inequality. Thus, economic development may play an important role in moderating the nexus
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Introduction to open economy and globalization Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-07-05 Jing Li, Guanghua Wan, Jing Wang
Published in Journal of the Asia Pacific Economy (Vol. 27, No. 3, 2022)
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Global Value Chains (GVCs) participation patterns and impacts on productivity growth in the Asian economies Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-06-23 Jagannath Mallick, Anqi Zhang
Abstract The paper examines the dynamic impact of GVCs on productivity growth in 14 Asian economies, from 1995 to 2016. OECD and Asia Productivity Organisation data show that in the last few decades there has been a rapid expansion of GVCs in the majority of the Asian economies. We employ the panel Auto-regressive Distributed Lag method to empirically evaluate the impact of GVCs participation on ‘total
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Automotive Industrialisation. Industrial Policy and Development in Southeast Asia Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-05-18 Peter Wad
Published in Journal of the Asia Pacific Economy (Vol. 27, No. 3, 2022)
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Does health aid reduce infant mortality? Cross-country evidence Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-05-13 Xiaoshan Hu, Guanghua Wan, Tongjin Zhang
Abstract Does health aid help reduce infant mortality? Despite a growing literature, existing findings have no consensus. To investigate the relationship between health aid and infant mortality, this paper applies polynomial inverse lag (PIL) framework to panel data from 131 countries over the period 2002–2019, and focuses on the instant and long-term impacts of health aid on infant mortality. The
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Pro-poorness of rural economic growth and the roles of education in Bhutan, 2007–2017 Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-04-20 Takahiro Akita, Dorji Lethro
Abstract Among south Asian countries, Bhutan has the second lowest poverty incidence; but, there is a large difference in poverty incidence between urban and rural areas. While urban areas registered a very small poverty incidence, 12.0% of rural population were still below the national poverty line in 2017. Poverty is by and large a rural phenominon in Bhutan. Against this background, this study examines
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The nexus between foreign exchange and external debt in Indonesia: evidence from linear and nonlinear ARDL approaches Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-04-15 B. S. Nazamuddin, Sri Sukma Wahyuni, F. Fakhruddin, F. Fitriyani
Abstract We examine the long- and short-term effects of foreign exchange on Indonesia's external debts. Employing an autoregressive distributed lag (ARDL) bounds testing on quarterly data from 2010 to 2019 and testing for effect asymmetry, we found a long-run cointegrating relationship between the two variables. We also found a slow adjustment to an equilibrium state following a shock. Foreign exchange
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Exchange rate pass-through and its heterogeneity under the pegged regime: a case of Vietnam Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-03-18 The Anh Pham, Hoang Huy Nguyen, Dinh Ngoc Nguyen, Linh Manh Vu
Abstract This paper analyses the exchange rate pass-through effects (ERPT) into consumer prices in Vietnam with a pegged regime during 2001–2019 using a structural vector autoregressive approach. The model is identified based on the fit of data rather than a priori theorizing. Firstly, we find that the degree of ERPT in the country is higher than that in other emerging and developed economies. High
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Is the Thai government revenue-spending nexus asymmetric? Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-03-07 Komain Jiranyakul
Abstract Recent evidence suggests that there might be an asymmetric process of adjustment towards the long-run equilibrium in the government revenue-spending nexus. In this paper, the long-run relationship between government revenue and spending is examined in the case of Thailand using annual data over the period 1991–2019. Specifically, this is an attempt to determine whether this long-run relationship
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Drivers of land use efficiency among ethnic minority groups in Vietnam: a longitudinal study Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-03-03 Tuan Nguyen-Anh, Chinh Hoang-Duc, Anh Le-Ngoc, Thinh Nguyen-An
Abstract This paper examines factors influencing agricultural land-use efficiency among 35 ethnic minority groups in Vietnam during the 2010–2018 period. A hybrid approach comprising the Difference-in-Difference model with Propensity Score Matching (DID_PSM) is adopted to examine the effect of different land sizes, land elevations, and land tenure on land-use efficiency. The results show that: (1)
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The political economy of automotive industrialization in east asia; Political economy of Malaysia’s industrial policy: institutional capacity and the automotive industry Journal of the Asia Pacific Economy (IF 1.325) Pub Date : 2022-03-03 John Thoburn
Published in Journal of the Asia Pacific Economy (Vol. 27, No. 3, 2022)