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on South East Asia |
| By: | Thua Huynh Kim (Mien Tay Construction University, Vietnam); Tinh Do Phu Tran (University of Economics and Law, Vietnam) |
| Abstract: | This paper is based on the views of Marx, as well as the economists before and after Marx, regarding surplus value. The authors analyze the allocation of surplus value in a socialist-oriented market economy in Vietnam. The result shows that in Vietnam, capitalists do not occupy the entire surplus created by workers, as Marx mentioned, so the existence of surplus value in Vietnam today is not contrary to the socialist direction because of its necessity. Additionally, the authors identify problems in the distribution of surplus value that need to be addressed in the practice of the social-oriented market economy in Vietnam today. Some recommendations are also proposed to effectively allocate surplus value for Vietnamese enterprises, workers, and labor unions. |
| Keywords: | allocation, surplus value, market economy, Vietnam |
| Date: | 2024–05 |
| URL: | https://d.repec.org/n?u=RePEc:smo:raiswp:0365 |
| By: | Muhammad Fikru Rizal (Health Economics Group, School of Public Health and Preventive Medicine, Monash University); David W. Johnston (Centre for Health Economics, Monash Business School, Monash University); Nicole Black (Centre for Health Economics, Monash Business School, Monash University); Rohan Sweeney (Centre for Health Economics, Monash Business School, Monash University) |
| Abstract: | In many low- and middle-income countries (LMICs), a high proportion of people with mental health needs do not receive treatment, contributing to a significant “treatment gap”. Despite this, there is limited robust evidence on the socioeconomic factors that shape mental healthcare use in these settings. Using data from over 400, 000 adults in Indonesia, this study examines how wealth, education, and health insurance coverage influence the likelihood of accessing mental healthcare among those with probable depression. Indonesia is an important context for this analysis because undertreatment and stigma are particularly severe. We find that only 9.3% of those identified as having probable depression receive treatment. Wealth and health insurance are positively associated with the probability of mental healthcare utilisation, while education is not. The wealth gradient diminishes at the highest income levels, and we show this is possibly due to increased stigma. These findings underscore the importance of reducing financial barriers, such as through public health insurance expansion, and reducing stigma to address the mental health treatment gap in LMICs. |
| Keywords: | mental health, treatment gap, depression, mental healthcare |
| JEL: | I10 I14 I15 I18 D31 |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:mhe:chemon:2024-16 |
| By: | OECD |
| Abstract: | Infrastructure has been essential in supporting the Philippines’ rapidly growing economy. Yet, infrastructure assets and operations are significantly exposed to climate-related risks. Building climate resilience into infrastructure planning and financing is therefore a strategic priority for the country. This policy paper presents the findings from an OECD policy dialogue carried out in the Philippines on mainstreaming climate resilience in infrastructure planning and development. It provides an overview of current policies and practices as well as policy recommendations for the government to further strengthen the resilience of infrastructure to climate change and raise future ambitions. |
| Date: | 2024–09–25 |
| URL: | https://d.repec.org/n?u=RePEc:oec:envaac:46-en |
| By: | Juhro, Solikin M.; Kuantan, Dhaha Praviandi; Oktaviandhi, Nadhil Auzan |
| Abstract: | This study explores the response of non-financial corporations and financial intermediaries to recent regulatory changes in Indonesia’s downstream sector. It examines their participation, constraints, and funding requirements. The research employs a qualitative descriptive design, incorporating both a structured questionnaire and network analysis based on detailed financial data. The focus is on key sectors driving the development of downstream industries in Indonesia, such as palm oil processing, nickel-aluminum smelting, and vehicle assembly. The findings reveal that downstream processing generally enhances corporate performance, but the benefits are disproportionately skewed toward large enterprises. Small firms, on the other hand, encounter significant challenges, including limited processing capacity, inadequate funding, and restricted access to loans, which hinder their active participation in downstream activities. To fully realize the potential benefits of downstream processing, the study suggests that financial policies must be reformed to support businesses of all sizes across different stages of the supply chain. Additionally, improving access to financing is essential to enable smaller firms to participate more effectively in these activities. These measures would provide critical support to companies, particularly those operating at the lower levels of the value chain, thereby fostering economic growth at the local level. |
| Keywords: | Downstreaming, Financing Policies, Industrial Manufacturing, Indonesia, Supply Chain Finance |
| JEL: | L60 L70 |
| Date: | 2024–08–29 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:121844 |
| By: | Taiyo Yoshimi; Uraku Yoshimoto; Takatoshi Ito; Kiyotaka Sato; Junko Shimizu; Yushi Yoshida |
| Abstract: | This study utilizes the granular Japanese customs data from 2014 to 2020 to examine the exchange rate pass-through (ERPT) to Japanese import prices. It mainly focuses on the impact of the invoicing currency choice on ERPT. The ERPT elasticity in products invoiced in the exporter’s currency is greater than those invoiced in yen. In the full sample analysis, the ERPT elasticity was 0.75 for products invoiced in the exporter’s currency, compared to about 0.19 for yen-invoiced products. We find the same tendency for imports from two Asian powerhouses: China and Thailand. There is no significant difference in the ERPT elasticity between products invoiced in the exporter’s currency and those invoiced in a third currency (i.e., a currency other than yen or the exporter’s currency). In addition, an asymmetric pass-through is found, namely the ERPT during the appreciation phase of the yen is higher than during the depreciation phase. This finding is interpreted that foreign exporters strengthen their pricing-to-market behavior during the yen depreciation phase to maintain their market share. |
| JEL: | F1 F31 F33 F39 |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:32910 |
| By: | Gilles Paché (CERGAM - Centre d'Études et de Recherche en Gestion d'Aix-Marseille - AMU - Aix Marseille Université - UTLN - Université de Toulon) |
| Abstract: | It is now widely recognized that geopolitical tensions disrupt global supply chains, complicating trade flows and increasing the risk associated with logistics operations. The South China Sea, a strategic and disputed region of the world, is a perfect illustration of the stakes involved in these disruptions. Situated between several Asian countries, the region is crucial to world trade, but is subject to territorial conflicts, notably between China and Taiwan. Its increasing militarization and abundance of natural resources exacerbate geopolitical tensions, given that the South China Sea is vital for the transportation of goods, linking Asian, European and American markets. My speculative paper looks at the possible collapse of certain global value chains under the pressure of geopolitical tensions, leading to the emergence of a logistically multipolar planet. |
| Keywords: | Economic history, Geopolitics, Global supply chains, Logistical disruptions, South China Sea, Territorial disputes, Economic history Geopolitics Global supply chains Logistical disruptions South China Sea Territorial disputes |
| Date: | 2024–09 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04683314 |