Subrata Saha, Mohammad Jahangir Alam, Al Amin Al Abbasi, Ismat Ara Begum, Maria Fay Rola-Rubzen
Rural transformation is critical for supporting inclusive economic development. This study assessed the effect of infrastructure and education on the process of rural transformation in Bangladesh using data from four waves of Household Income and Expenditure Surveys between 2000 and 2016. This study employed the Fixed Effects Model, Moment-Quantile Regression with Fixed Effects Model, and Feasible Generalised Least Squares for checking robustness. The results show that infrastructure and education positively affect rural transformation. The expansion of small-scale farms, improved healthcare accessibility, and land rental arrangements are key factors that facilitate transformation, whereas the rise of large-scale farming has a negative impact. Policy recommendations highlight investment in infrastructure and educational access, such as universal primary education, to enhance transformation. It also suggests encouraging land rentals, improving healthcare services, and supporting small-scale farming while addressing the drawbacks of large-scale farming to strengthen economic convergence between rural and urban areas.
{"title":"Shifting Landscape of Rural Transformation in Bangladesh: Exploring the Interplay of Non-Farm GDP, Infrastructure and Education","authors":"Subrata Saha, Mohammad Jahangir Alam, Al Amin Al Abbasi, Ismat Ara Begum, Maria Fay Rola-Rubzen","doi":"10.1002/app5.70011","DOIUrl":"https://doi.org/10.1002/app5.70011","url":null,"abstract":"<p>Rural transformation is critical for supporting inclusive economic development. This study assessed the effect of infrastructure and education on the process of rural transformation in Bangladesh using data from four waves of Household Income and Expenditure Surveys between 2000 and 2016. This study employed the Fixed Effects Model, Moment-Quantile Regression with Fixed Effects Model, and Feasible Generalised Least Squares for checking robustness. The results show that infrastructure and education positively affect rural transformation. The expansion of small-scale farms, improved healthcare accessibility, and land rental arrangements are key factors that facilitate transformation, whereas the rise of large-scale farming has a negative impact. Policy recommendations highlight investment in infrastructure and educational access, such as universal primary education, to enhance transformation. It also suggests encouraging land rentals, improving healthcare services, and supporting small-scale farming while addressing the drawbacks of large-scale farming to strengthen economic convergence between rural and urban areas.</p>","PeriodicalId":45839,"journal":{"name":"Asia & the Pacific Policy Studies","volume":"12 1","pages":""},"PeriodicalIF":1.4,"publicationDate":"2024-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/app5.70011","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143119239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Chinaʼs comprehensive administrative system for capital controls and ongoing capital liberalisation are unique features compared with other emerging economies. These allow us to investigate the effects of Chinaʼs capital controls and subsequent liberalisation policies, along with various global-push and domestic-pull factors, on its gross capital flows in a time series analysis. We collect various sources of information on Chinaʼs capital control policies from 2005 to 2022 and construct quarterly time series of Chinaʼs capital control indices for different types of gross flows. Using the bounds tests of cointegration and a conditional error-correction model, we show that Chinaʼs capital account liberalisation successfully encourages foreignersʼ investments aiming at production to maintain a long-term relationship with China, as well as their short-term financial investments to China. On the other hand, Chinese residents increase their long-term investments overseas during the liberalisation process. However, their portfolio investments abroad are not responsive to the relaxation of capital controls.
{"title":"Is Chinaʼs Capital Liberalisation Policy Effective?","authors":"Lirong Wang, Jinnan Zhou, C. James Hueng","doi":"10.1002/app5.70005","DOIUrl":"https://doi.org/10.1002/app5.70005","url":null,"abstract":"<p>Chinaʼs comprehensive administrative system for capital controls and ongoing capital liberalisation are unique features compared with other emerging economies. These allow us to investigate the effects of Chinaʼs capital controls and subsequent liberalisation policies, along with various global-push and domestic-pull factors, on its gross capital flows in a time series analysis. We collect various sources of information on Chinaʼs capital control policies from 2005 to 2022 and construct quarterly time series of Chinaʼs capital control indices for different types of gross flows. Using the bounds tests of cointegration and a conditional error-correction model, we show that Chinaʼs capital account liberalisation successfully encourages foreignersʼ investments aiming at production to maintain a long-term relationship with China, as well as their short-term financial investments to China. On the other hand, Chinese residents increase their long-term investments overseas during the liberalisation process. However, their portfolio investments abroad are not responsive to the relaxation of capital controls.</p>","PeriodicalId":45839,"journal":{"name":"Asia & the Pacific Policy Studies","volume":"12 1","pages":""},"PeriodicalIF":1.4,"publicationDate":"2024-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/app5.70005","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142685291","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examines the complex interplay between rural transformation and water scarcity in China, focussing on how shifts towards high-value agriculture and non-farm employment affect water resources. Utilising data spanning 2 decades, it evaluates the impact of economic activities on water scarcity through the lens of the Environmental Kuznets Curve. The analysis reveals regional variations in water usage and scarcity, highlighting the need for tailored water management strategies that incorporate both supply and demand aspects. By aligning rural economic development with sustainable water use, the paper offers insights into policy adjustments crucial for balancing growth with environmental stewardship, particularly in light of Chinaʼs green economy transition and its implications for similar developing regions.
{"title":"Rural Transformation, Water Scarcity and Policy Responses in China","authors":"Jinxia Wang, Zhiyi Guo, Dong Wang, Kaixing Huang, Zhuanlin Wang, Ruoying Mei, Rujuan Li, Jikun Huang, Chenhui Zhang, Chunlai Chen","doi":"10.1002/app5.70004","DOIUrl":"https://doi.org/10.1002/app5.70004","url":null,"abstract":"<p>This study examines the complex interplay between rural transformation and water scarcity in China, focussing on how shifts towards high-value agriculture and non-farm employment affect water resources. Utilising data spanning 2 decades, it evaluates the impact of economic activities on water scarcity through the lens of the Environmental Kuznets Curve. The analysis reveals regional variations in water usage and scarcity, highlighting the need for tailored water management strategies that incorporate both supply and demand aspects. By aligning rural economic development with sustainable water use, the paper offers insights into policy adjustments crucial for balancing growth with environmental stewardship, particularly in light of Chinaʼs green economy transition and its implications for similar developing regions.</p>","PeriodicalId":45839,"journal":{"name":"Asia & the Pacific Policy Studies","volume":"12 1","pages":""},"PeriodicalIF":1.4,"publicationDate":"2024-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/app5.70004","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142685290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In the pursuit of sustainable development, the escalating challenges of global environmental pollution and the imperative to mitigate energy intensity stand as paramount concerns. As a result, this study aims to construct a comprehensive framework that acknowledges the interplay between energy intensity, the stringency of environmental policies, and the integration of renewable energy within BRICS nations. Utilizing a panel dataset covering the years 1991–2021, this study employs a range of econometric methods such as cross-sectional dependence tests, second-generation unit root tests, and panel co-integration analysis. The results reveal the pivotal roles of energy intensity, the integration of renewable energy sources, and the enforcement of stringent environmental policies in mitigating carbon emissions. Additional analysis indicates that the impact of energy intensity in lowering carbon emissions is strengthened when institutional quality and research and development capabilities reach a certain threshold, thereby offsetting the impact of openness. In accordance, the present study suggests adopting a versatile and inclusive policy approach to effectively decrease carbon emissions, providing insights for policymakers in crafting climate change mitigation strategies and fostering sustainable development.
{"title":"The BRICS Nations Framework for Curbing Carbon Emissions: Evidence From Energy Intensity, Renewable Energy, and Environmental Policy","authors":"Xuying Zhu, Hadi Hussain, Song Fang","doi":"10.1002/app5.70002","DOIUrl":"https://doi.org/10.1002/app5.70002","url":null,"abstract":"<p>In the pursuit of sustainable development, the escalating challenges of global environmental pollution and the imperative to mitigate energy intensity stand as paramount concerns. As a result, this study aims to construct a comprehensive framework that acknowledges the interplay between energy intensity, the stringency of environmental policies, and the integration of renewable energy within BRICS nations. Utilizing a panel dataset covering the years 1991–2021, this study employs a range of econometric methods such as cross-sectional dependence tests, second-generation unit root tests, and panel co-integration analysis. The results reveal the pivotal roles of energy intensity, the integration of renewable energy sources, and the enforcement of stringent environmental policies in mitigating carbon emissions. Additional analysis indicates that the impact of energy intensity in lowering carbon emissions is strengthened when institutional quality and research and development capabilities reach a certain threshold, thereby offsetting the impact of openness. In accordance, the present study suggests adopting a versatile and inclusive policy approach to effectively decrease carbon emissions, providing insights for policymakers in crafting climate change mitigation strategies and fostering sustainable development.</p>","PeriodicalId":45839,"journal":{"name":"Asia & the Pacific Policy Studies","volume":"12 1","pages":""},"PeriodicalIF":1.4,"publicationDate":"2024-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/app5.70002","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142642158","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}