Jr-Tsung Huang | National Chengchi University（國立政治大學） (original) (raw)

Papers by Jr-Tsung Huang

Social Science Research Network, 2018

Many studies have investigated the correlation between climate change and economic growth. Howeve... more Many studies have investigated the correlation between climate change and economic growth. However, this study focuses on household saving, whereby growth may be correlated with climate volatility. This study conducts a dynamic panel analysis using data on Chinese provinces for the period of 2001–2009. Various indicators of climate volatility are employed to ensure robustness, and the Generalized Method of Moments (GMM) approach is chosen to reduce endogeneity. The estimation results show that in rural areas, temperature volatility is positively correlated with the household saving rate, but that the correlation is weaker in urban areas. This study suggests that first, to increase household welfare, risk-pooling insurance should be applied, and second, that rural areas should be the priority for development over urban areas.

Journal of Chinese Economic and Business Studies, Sep 1, 2003

This paper measures the unequal development of the regional economies in China and investigates t... more This paper measures the unequal development of the regional economies in China and investigates the primary factors leading to the inequality. The official data on China's regional GDP and the regional GDP of three industrial sectors from 1991-2001, as reported in the China Statistical Yearbook and A Statistical Survey of China, are adopted to calculate and decompose the Gini coefficient for each year. The primary finding is that the levels of inequality in China's regional economies clearly showed a slight upward trend after 1991. The inequality of the overall GDP is primarily attributed to the between-group effect rather than to the within-group effect. It is also found that the regional inequality of the secondary industry sector's development accounted for half of the overall inequality. Thus, this study suggests that it is crucial for China to formulate and adhere to policies that will help it to develop the economy more equally among all areas and to develop the secondary industry sector among all regions/provinces in order to overcome the important issue of the inequality in regional economic development.

RePEc: Research Papers in Economics, Mar 1, 2014

The views expressed in this publication are those of the author(s) and do not necessarily reflect... more The views expressed in this publication are those of the author(s) and do not necessarily reflect those of the Institute. No part of this article may be used reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in articles and reviews. For information, please write to the Centre.

The Singapore Economic Review

The purpose of this study is to examine the role of air pollution in foreign direct investment (F... more The purpose of this study is to examine the role of air pollution in foreign direct investment (FDI) outflows. Using PM[Formula: see text] concentration as an index of air pollution and a panel data of 102 economies from 2011 to 2020, several specifications of a dynamic panel spatial autoregressive model justified by several diagnostic tests and that considers the potential endogeneity problem have been estimated. The primary finding is that air pollution has a positive impact on a country’s FDI outflows. It is also found that air pollution is a more important and robust factor affecting outward investment than the effective corporate tax rate, political risk and the level of economic development. Moreover, outward FDI exhibits a positive spatial dependence among countries and regions and has a positive dynamic process. All these conclusions are consistent with our expectations and are robust for different model specifications.

Journal of Financial Counseling and Planning, 2016

The purpose of this study is to examine factors associated with households’ willingness to take f... more The purpose of this study is to examine factors associated with households’ willingness to take financial risks, particularly the effect of households’ expectations. The data used in this study are the Survey of Consumer Finances 2007 by which researchers can examine the household financial issues before the financial crisis. By employing multinomial logit regression, the new finding of this study is that when the households expect that the future economy will be better, they are not willing to take either no or substantial financial risk. This study uses the uncertainty theory with the timing of the survey to interpret this seemingly unintuitive result. Other findings are that age, more working people in a household, male, education, and majority race are household characteristics positively affecting the probability of the household’s willingness to take average and above average financial risks.

The objective of this study is to investigate whether or not real estate FDI has a significant ef... more The objective of this study is to investigate whether or not real estate FDI has a significant effect on real estate prices in Shanghai, the most open and fastest-growing city in China. The study uses monthly data for Shanghai from 2003 to 2010 with the Autoregressive Distributed Lag (ARDL) approach to cointegration. The primary finding is that real estate FDI does not have a significant effect on real estate prices, both housing prices and office prices, in Shanghai in the short run. It only affects Shanghai's office price in the long run. Therefore, this study concludes that real estate FDI is a scapegoat in this matter, even though many people and the media treat it as a culprit and believe that it is responsible for the surges in housing and office prices in Shanghai.

Journal of Chinese Economic and Business Studies, 2003

Early Childhood Education Journal, 2004

The purpose of this study was to utilize the data from the Survey on Family Income and Expenditur... more The purpose of this study was to utilize the data from the Survey on Family Income and Expenditure in Taiwan to investigate the influence of peer effects on the behavior of charitable giving. Based on the definitions of the reference group in this study, the estimation results suggested that peer effects on households' decisions on both whether to make charitable giving and how much to contribute were quite modest. The study also found that the price elasticity and the income elasticity of charitable giving in Taiwan were larger than those in the U.S., which may partially explain the low ratio of charitable giving to GDP in Taiwan. The earthquake in 1999 substantially increased the amount of charitable giving though its effect diminished after sometime.

Contemporary Economic Policy, 2004

Journal of Family and Economic Issues

$Research paper thumbnail of The Role of Foreign Direct Investment in Shanghai\u27s Real Estate Price - Culprit or Scapegoat?$

The objective of this study is to investigate whether or not real estate FD I has a significant e... more The objective of this study is to investigate whether or not real estate FD I has a significant effect on real estate prices in Shanghai, the most open and fastest-growing city in China. The study uses monthly data for Shanghai from 2003 to 2010 with the Autoregressive Distributed Lag (ARDL) approach to cointegration. The primary finding is that real estate FDI does not have a significant effect on real estate prices, both housing prices and office prices, in Shanghai in the short run. It only affect s Shanghai\u27s office price in the long run. Therefore, this study concludes that rea l estate FDI is a scapegoat in this matter, even though many people and the media treat it as a culprit and believe that it is responsible for the surges in housing and office prices in Shanghai

Journal of Financial Counseling and Planning, 2018

Journal of Financial Counseling and Planning, 2015

China is now the world’s largest recipient of foreign direct investments (FDI), surpassing the US... more China is now the world’s largest recipient of foreign direct investments (FDI), surpassing the USA. In the literature, FDI is considered to be an important factor responsible for China’s fast and sustainable economic growth as well as for its unbalanced regional development and income inequality. Because there are many studies on the linkage between FDI and economic growth, this paper aims to focus on the spatial and industrial distribution of FDI. Following Mookherjee and Shorrocks (1982), we calculate and decompose the Gini coefficient to reveal how FDI is distributed among the regions and industries during 1985-2002. It is concluded that the inequality of FDI distribution among regions and industries was serious, shedding important light on future policies relating to regional and industrial development in China.

The purpose of this study is to investigate the role of fiscal decentralization in China’s region... more The purpose of this study is to investigate the role of fiscal decentralization in China’s regional economic growth ever since fiscal reform was embarked upon in 1994. This study uses provincial-level panel data from 1996-2004 to examine the role of fiscal decentralization in China’s regional economic growth. Two empirical models with the square term of fiscal decentralization as an independent variable are established. The primary finding of this study is that the relationship between fiscal decentralization and regional economic growth is a U-shaped curve. This conclusion might explain why past papers have inconstant conclusions to this problem and further provide some policy implications in this regard.