Asian Economic Papers

2002 - 2020

Current editor(s): Wing Thye Woo, Sung-Chun Jung, Fukunari Kimura and Ming Lu

From MIT Press
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Volume 19, issue 3, 2020

Mobile Payment in China: Practice and Its Effects* pp. 1-18

Yiping Huang, Xue Wang and Xun Wang

Total Factor Productivity Changes in Japanese Small and Medium-Sized Enterprises in 1982–2016: Suggestive Indications of an IT Revolution?* pp. 21-37

Yoko Konishi and Takashi Saito

The Middle-Income Trap 2.0: The Increasing Role of Human Capital in the Age of Automation and Implications for Developing Asia* Abstract: We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the “MIT 2.0”) and discuss the implications for developing Asia. In particular, we analyze the impacts of automation, artificial intelligence, and digitalization on the growth drivers of emerging market economies and the MIT mechanism. Our findings suggest that improving human capital accumulation, particularly the upgrading of skills needed with the rapid advance of automation, will be key success factors for overcoming the MIT 2.0 pp. 40-58

Linda Glawe and Helmut Wagner

Default Probability by Employment Status in South Korea* pp. 62-84

Hosung Jung and Hyun Hak Kim

Revisiting Complementarity between Japanese FDI and the Import of Intermediate Goods: Agglomeration Effects and Parent-firm Heterogeneity* pp. 90-106

Tadashi Ito, Toshiyuki Matsuura and Chih-Hai Yang

A Framework for Regional Banking Regulation in ASEAN* pp. 111-125

Peter Morgan

Volume 19, issue 2, 2020

Promoting Local Currency Usage in the Region* pp. 1-16

Chalongphob Sussangkarn

Reforms and Crises in Government Statistics: The Case of Japan* pp. 21-37

Masahiro Higo, Kiyohiko G. Nishimura and Yukie Sakuragawa

Financial Integration in Asia: A Systemic View on Currency Markets* pp. 41-58

Dayong Zhang, Wanli Zhao, Fei Wu and Qiang Ji

Toward an Asian Monetary Fund: Ideas for Transition pp. 65-77

Suk Hyun and James F. Paradise

Enhancing Financial Connectivity Between Asia and Europe: Implications for Infrastructure Convergence Between the Two Regions* pp. 84-101

Naoyuki Yoshino, Monzur Hossain and Farhad Taghizadeh-Hesary

Exchange Rates and Firm Exports: The Role of Foreign Ownership and Foreign Subsidiaries* pp. 103-118

Hyelin Choi and Hyo Sang Kim

Volume 19, issue 1, 2020

Assessment of the Trade Integration Pattern Between the Russian Federation and East/Southeast Asian Economies Using the Panel Gravity Framework* pp. 1-14

Ehsan Rasoulinezhad, Farhad Taghizadeh-Hesary and Naoyuki Yoshino

Economic Integration and Network Trade: A Comparison of? East Asia? and the European Union* pp. 19-37

Son Thanh Nguyen and Yanrui Wu

Market Design for Multilateral Trade of Electricity in ASEAN: A Survey of the Key Components and Feasibility pp. 43-60

Yanfei Li, Tsani Fauziah Rakhmah and Junichi Wada

Implications of? the U.S.–China Trade War? for? Taiwan* pp. 61-81

Wen-jen Hsieh

Trump's Trade War: An Indian Perspective pp. 92-109

Prema-chandra Athukorala

Low-Skilled Immigrants and Urban Development? in China: A Labor Market Perspective* pp. 114-128

Chao Liang and Susu Wang

Volume 18, issue 3, 2019

The Politics and Economics of the U.S.-China Trade War pp. 1-28

Deborah L. Swenson and Wing Thye Woo

The Status of China's Market Economy and Structural Reforms: The Issues Behind the U.S.–China Trade War* pp. 34-51

Miaojie Yu

Trade Wars and the Disarray in the Global Trading System: Implications for the Philippines* pp. 59-75

Maria Joy V. Abrenica, Ricardo Rafael S. Guzman and Maria Socorro Bautista

Defending the Rule-based Trading Regime: The Multilateral Trading System at Risk and Required Responses pp. 78-87

Fukunari Kimura

U.S.–China Trade Tensions on Indonesia's Trade and Investment Our paper describes how the U.S.–China trade tensions affect Indonesia's trade and investment. The direct impacts come through increasing uncertainties, lower world demand, and diverted East Asian regional production networks. The indirect impacts can be observed in trade and investment reallocations. Amidst the tension, in 2018, the Indonesian economy grew 5.17 percent with reserves of 6.7 months of imports. Its trade with the United States and China grew by 7.5 percent and 23.5 percent, respectively. Although creating opportunities for Indonesia in the short run, trade tensions will repress the world economy. Indonesia understands that trade openness will improve productivity and we believe it will continue its reforms to be more open and integrated into the world economy pp. 95-112

Lili Yan Ing and Yessi Vadila

U.S.–China Trade War: Potential Trade and Investment Spillovers into Malaysia* pp. 117-135

Siew Yean Tham, Andrew Kam Jia Yi and Tee Beng Ann

U.S.–China Trade Conflict and the Changing Multilateral Trading System: Korea's Perspective* pp. 142-160

Jin Kyo Suh

Impacts of the U.S.–China Trade War on ASEAN: Case of Thailand pp. 166-188

Bhanupong Nidhiprabha

Volume 18, issue 2, 2019

Heterogeneous Impacts of Free Trade Agreements: The Case of Japan* pp. 1-20

Kenta Yamanouchi

Technical Change, Exports, and Employment Growth in China: A Structural Decomposition Analysis* pp. 28-46

Ha Doan and Trinh Long

Commodity Price Cycles, the Agricultural Trap, and Thailand's Incessant Subsidies* pp. 49-69

Bhanupong Nidhiprabha

Early Life Exposure to Air Pollution, Cognitive Development, and Labor Market Outcome* pp. 77-95

Rashesh Shrestha

Geographical and Strategic Factors in Chinese Foreign Direct Investment in Europe* pp. 102-119

Xavier Richet

The Impacts of Financial Development, Urbanization, and Globalization on Income Inequality: A Regression-based Decomposition Approach* pp. 126-141

Wai Choi Lee, Tsun Se Cheong, Yanrui Wu and Jianxin Wu

A Model of Household Savings and Alternative Investments in Rural China* pp. 145-162

Yuekai Cheng, Hongyi Li, Qi Sun and Yu Wang

Volume 18, issue 1, 2019

Chinese Corporate Debt and Credit Misallocation* pp. 1-34

Ninghua Zhong, Mi Xie and Zhikuo Liu

Push vs.  Pull Factors of Capital Flows Revisited: A Cross-country Analysis* pp. 39-60

Tae Soo Kang and Kyunghun Kim

Impact of Financialization and Financial Development on Inequality:  Panel Cointegration Results Using OECD Data* pp. 69-90

Hochul Shin and Keun Lee

Money Demand in a Dollarized Economy: Evidence from Laos PDR pp. 99-115

Phouphet Kyophilavong, Gazi Uddin, Muhammad Shahbaz, Charles Harvie and Teerawat Charoenrat

Is There an “East Asian Education Model†? A Study on Varieties of Education Regimes* pp. 123-146

Supanutt Sasiwuttiwat and Somkiat Tangkitvanich

The Long-Term Financial Sustainability of the Civil Service Pension Scheme in Malaysia* pp. 155-178

Sheila Rose Darmaraj and Suresh Narayanan

Revisiting the Twin-Hub Trade Pattern in East Asia* pp. 185-199

Chun-Chien Kuo, Deng-Shing Huang and Tzu-Han Yang

Effects of National Science and Technology Programs on Innovation in Chinese Firms* pp. 207-236

Xing Shi, Yanrui Wu, Dahai Fu, Xiumei Guo and Huaqing Wu

Natural Disasters and International Financial Accessibility in Developing Countries* pp. 245-261

Jiyoun An and Bokyeong Park

Volume 17, issue 3, 2018

Climbing the Ladder: Socioeconomic Mobility in Malaysia* pp. 1-23

Muhammed Abdul Khalid

RMB Bloc in East Asia: Too Early to Talk About It? pp. 31-48

Chang Sik Kim, Sunghyun Kim and Yunjong Wang

Toward a Consumer-Centered Economy and Its Implications for International Trade and Asia's Development* pp. 56-74

Matthias Helble

Are Production Networks Passé in East Asia? Not Yet* pp. 86-107

Ayako Obashi and Fukunari Kimura

The Decline of Income Inequality in China: Assessments and Explanations* pp. 115-140

Guanghua Wan, Ting Wu and Yan Zhang

Sustainable Development and Currency Exchange Rate Behavior pp. 148-173

Mohamed Ariff and Alireza Zarei

Explaining Multidimensional Poverty: A Household-Level Analysis pp. 183-210

Carlos C. Bautista

Volume 17, issue 2, 2018

The Effect of an Introduction of Retail Sales Tax in China pp. 1-20

Shiyu Li, Shuanglin Lin and Suresh Narayanan

On the Demand for Female Workers in Japan: The Role of ICT and Offshoring pp. 25-46

Kozo Kiyota and Sawako Maruyama

Chinese Services Gaining Significance in Global Production Chains pp. 50-64

Heli Simola

What Explains Current Account Surplus in Korea? pp. 70-93

Chirok Han and Kwanho Shin

The End of Cheap Labor: Are Foreign Investors Leaving China? pp. 94-107

Julian Donaubauer and Christian Dreger

Capital Control and Monetary Policy in Asian Emerging Market Economies pp. 111-134

Yongseung Jung, Soyoung Kim and Doo Yong Yang

Education Development and Wage Inequality in Urban China pp. 140-151

Shi Li, ShanshanWu and Chunbing Xing

Volume 17, issue 1, 2018

Eurozonization of the Chinese Economy: How Do Intergovernmental Transfers Affect Local Government Debt in China? pp. 1-18

Ming Lu and Huiyong Zhong

Are Capital Flows Fickle? Increasingly? And Does the Answer Still Depend on Type? pp. 22-41

Barry Eichengreen, Poonam Gupta and Oliver Masetti

The Effect of Import Competition on Wages in the Japanese Manufacturing Sector* pp. 46-67

Masahiro Endoh

The Elusive Pursuit of Import Substitution in 21st Century Indonesia* pp. 73-93

Dionisius Narjoko, Titik Anas and Robertus Herdiyanto

The Day After Tomorrow: Evaluating the Burden of Trump's Trade War pp. 101-120

Meixin Guo, Lin Lu, Liugang Sheng and Miaojie Yu

How Are the Determinants of Emerging Asia's Cross-Border Mergers and Acquisitions Inflows Different from Outflows?* pp. 123-144

Qin Liang, Ningxu Li and Jie Li

Exchange Rate Flexibility, Financial Market Openness, and Economic Growth* pp. 145-162

Il Houng Lee and Kyunghun Kim