Suchergebnisse

In this study, we explore the interaction between fiscal and monetary policies in Japan over a period including the Global Financial Crisis (GFC) and a phase of the Covid-19 pandemic under the presupposition that policy regimes are fixed and there are random switches between the two regimes. Using the Regime switching model, the results show that fiscal policy is more active in Japan than monetary policy, especially during the GFC and the Covid-19 pandemic. By using the Bayesian VAR model, we continue to further analyze the response of macroeconomic factors to an expansionary fiscal policy to verify the above findings once again. The results indicate that government expenditure helps boost the economy in the short-run. The positive impact of a government expenditure shock on GDP, PPI, and Investment lasts about three to four quarters, while private consumption only increases in one next quarter. These positive responses can increase the inflation rate and make the local currency overvalued, reflected in the increase in the effective exchange rate. A fiscal policy shock does not have much impact on the monetary policy, specifically, the money supply and interest rates of long-term government bonds still tended to decrease as expected by Japan. This is the basis for studying policy implications for some countries pursuing similar policies to Japan. JEL Classification: C23, C54, E42, E62, E63

The aim of this study is analyzing the spillovers of monetary policies from three nations including the US, Japan, and China to the Southeast Asian economies through macroeconomic linkages. By using BVAR model, the research results present distinct responses of economic growth, interest rate and inflation index in Southeast Asia to external shocks of interest rate according to specific characteristics. In particular, nations adopting pegged regime have stronger responses to the changing of the Fed rate and Japanese monetary policy while the opposite trend is found in volatility of Chinese interest rate. However, nations with higher trade openness might have more sensitive reaction to monetary policy of all three countries. On the other hand, the impact of international monetary policies on Southeast Asian countries is explained quite different between the group having higher capital openness and the other one. In general, the results are consistent with many previous studies as well as Mundell-Fleming's impossibility triple theory. JEL Classification: E52, F42, N10, O11.

Our study examines the relationship between innovations and liquidity risk of 37 commercial banks in Vietnam over 2010 – 2020. We employ the Ordinary Least Squares and dynamic system Generalized Method Moments to analyze a sample of 349 annual observations. Our findings show that innovations help commercial banks to reduce liquidity risk. For instance, commercial banks with mobile banking applications have a 0.24% higher liquidity than those without. Moreover, one percentage increase in training and development expenses generates additional 0.1451% liquidity. The impact of mobile banking applications is robust even if we employ alternative risk proxies such as RROA and Loan Loss Provision. Our study recommends that banks should develop mobile banking applications, and improve workforce and service quality via training and development programs.

ABSTRACTAccounting has been faced with a severe shortage in the supply of qualified doctoral faculty. Drawing upon the international mobility of foreign scholars and the spirit of the international medical graduate program, this article suggests a model to fill the demand in accounting doctoral faculty. The underlying assumption of the suggested model is that there is enough qualified international accounting doctoral scholars who are willing to work in the United States because of natural and artificial benefits, such as the existence of national innovation, knowledge‐intensive clusters system, favorable working conditions, and career and earning prospects. A 10‐week International Accounting Post‐Doctoral Program (IAPDP) is designed to prepare academically competent international accounting faculty to be qualified to work in the United States at AACSB International‐accredited institutions. A survey was employed to examine the viability of the proposed model. Our results indicate that qualified international accounting doctoral scholars are interested in the suggested model and the nondoctoral U.S. accounting programs will represent the major job market for these IAPDP graduates. This article should be of interest to accounting educators, business schools, the American Institute of Certified Public Accountants (AICPA), the Association to Advance Collegiate Schools of Business (AACSB) International, and the American Accounting Association (AAA).

Abstract
This study investigates the motivations behind TikTok content creation among Vietnamese Gen Z expatriates by
exploring the interplay of the social comparison theory and the Uses and Gratifications Theory in shaping their engagement with
the platform. Through qualitative interviews, we uncover the dual role of TikTok in their lives: a tool for fostering social
connection and personal expression and a platform for social comparison and validation. These findings illuminate the complex
interplay between digital media use and the experience of digital migration, highlighting how Gen Z expatriates navigate
transnational identities and seek belonging in an increasingly interconnected world. The study contributes to the ongoing
discourse on digitalization and expatriation, emphasizing the multifaceted role of social media in shaping the experiences of
young migrants in the digital age.

The paper investigates the impact of institutional quality on economic growth by taking 48 countries in Asia between 2005 and 2018. By using the quantile regression methods with panel data, institutional quality is found to be a key factor of economic development. However, in the lower-income Asian countries, the institution with better quality appears to promote the growth more effectively than in the higher-income ones. Moreover, the paper also finds out a nonlinear relationship between institutions and economic growth. The results show that there is an institutional threshold for economic growth to reach its highest level. If the institution indicator exceeds the threshold, it causes the reverse effect on the growth. Moreover, the economic growth of Asian countries is also affected by inflation (INF), labor force (LABO), trade openness (OPEN), and infrastructure (TELE). From that, the study suggests some policy implications for Asian countries and Vietnam, in particular, in order to improve institutions contributing to economic growth.

Thai Nguyen is a Northern midland and mountainous province in Vietnam, with 24.37% of Industrial enterprises makes significant contribution to developing the socio-economic in Vietnam. Industry 4.0 has both positive and negative impacts on employees in Thai Nguyen Industrial enterprises. This paper examines the impacts of Industry 4.0 on employees in Industry enterprises by using secondary data during time period 2013 – 2020. The results show that in the Industrial Revolution 4.0, labors in Thai Nguyen's Industrial enterprises has many new job opportunities, the chance improving their qualifications, skills and inproving labor productivity. But, the labors had many challenges such as increasing in inequality between groups of labors at different levels; creating a favorable business environment, ensuring the harmony of interests for service business models, traditional service,...