THE 7TH BIENNIAL CONFERENCE

2012 7th Biennial Conference on 13 & 14 December 2012 at Lingnan University

 

First Day Morning Session
(Thursday, 13th December 2012)



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Speaker
Welcome Remark

Professor Jesús Seade
Vice-President of Lingnan UniversityOpen Remark

Professor Ping Lin
President of Hong Kong Economic Association


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Topic
Keynote Speech

Professor James Mirrlees
The Chinese University of Hong Kong"Do We Need a New Economic Theory?"

 

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Topic

Session 1A Education

Professor Li Han, The Hong Kong University of Science and Technology
"Can Conditional Grants Attract Better Students: Evidence from Chinese Normal Universities"

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Topic
Ms. Chun Yee Wong, The University of New South Wales
"The Effect of Voucher on Demand for Kindergarten Education"
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Mr. Daniel   L. Bennett, Florida State University
"Universities and Income Inequality: Testing the Bernanke-Obama Hypothesis"
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Dr. Sam Hak Kan Tang, The University of Western Australia
"Maids or Mentors? The Effects of Live-in Foreign Domestic Workers on School Children's Educational Achievement in Hong Kong"
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Session 1B Asset Bubbles, Business Cycles and Financial CrisesDr. Tarishi Matsuoka, Tokyo Metropolitan University
"Asset Bubbles in an Overlapping Generations Model with Credit Market Imperfections"
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Dr. Takuma Kunieda, City University of Hong Kong
"Asset Bubbles, Economic Growth, and a Self-Fulfilling Financial Crisis"
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Topic
Mr. Lifang Xu, Hong Kong University of Science and Technology
"Stock Market Bubbles and Unemployment"

 



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Session 1C Growth and Productivity

 

Professor Xiaowen Tian, Bond University
"Does FDI widen regional disparities in emerging markets? Theory and evidence"

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Dr. Alice Shiu, The Hong Kong Polytechnic University
"How Efficient is China's Fast Growth? - An Industry-level Investigation with a Newly Constructed Data Set"
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Dr. Bosco Yu, The Hong Kong Polytechnic University
"The secondary mortgage market in Hong Kong: current development and policy implication"
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Dr. Guych Nuryyev, I-Shou University
"Corruption and Economic Growth"


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Topic
Session 1D Monetary Policy

Ms. Emmy Lu, University of California
"International Monetary Transmission in a Small Open Economy: An Application to Hong Kong"
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Topic
Mr. Yoshiyuki Nakazono, Waseda University
"Strategic Behavior of Federal Open Market Committee Board Members: Evidence from Members' Forecasts"
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Topic
Professor Pao-Lin Tien,  Wesleyan University
"The Changing Transmission Mechanism of U.S. Monetary Policy"
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Topic
Dr. Kwo Ping Tam, Macau University of Science and Technology
"A New Comparative Study on the Free-floating and Currency Board Regimes in Hong Kong"


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Session 1E Environmental Economics

Ms. Chui Ying Lui, University of Victoria
"A Global Pollution Tax Made Possible: The Case for Trade Sanctions in an International Environmental Agreement"
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Topic
Professor Mahinda Siriwardana, University of New England
"Border Adjustments under Unilateral Carbon Pricing: A Case Study of the Australian Carbon Tax"
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Topic
Dr. Xianming Sam Meng, University of New England
"The Sectoral and Distributional Effects of Australian Carbon Policy"
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Topic
Dr. Jiamin Lu, Jinan University
"Long-Term Effects of the U.S. Biofuel Policies on World Food Insecurity"
   

First Day Afternoon Session
(Thursday, 13th December 2012)



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Topic
Session 2A Microeconomic Theory I

Dr. Tommy Tang, Queensland University of Technology
"Assessment of Threshold Concept in Economics"
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Topic
Ms. Yajing Chen, Waseda University
"A New Random Assignment Rule and Its Axiomatization"
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Topic
Mr. Siguang Li, Peking University
"Governing Adaptation and Coordination in Organizations: The Role of Ambiguous Delegation"
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Topic
Dr. Zhewei Wang, Shandong University
"Marginal Subsidies in Tullock Contests"


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Session 2B Financial Economics

Dr. Arafet Farroukh, LIEI University Tunis EL manar
"Financial Integration, Banking Competition Changes and Stability: The Case of MENA region"
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Topic
Dr. XiaoHua Chen, University of Bath
"Equity Mutual Fund Portfolio Concentration Strategy-Overconfidence or Skills?"
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Topic
Professor Christian C.P. Wolff, University of Luxembourg
"Contingent Capital: The Case of COERCs"
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Topic
Dr. Tomasz Korol, I-Shou University
"An Expert Soft Computing System for Forecasting the Exchange Rates"


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Session 2C Banking and Investment

Dr. Yan Dong, Southwestern University of Finance and Economics 
"Bank lending and SME in China: an empirical investigation" 
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Topic
Ms. Daisy Huang, City University of Hong Kong
"Can Credit and Location Choice Explain the House Price Inflation in China?"
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Topic
Dr. Ponpoje Porapakkarm, University of Macau
"Quantitative Exploration of Public Health Insurance in the U.S."


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Topic
Session 2D Immigration

Dr. Dongshu Ou, The Chinese University of Hong Kong
"Immigrants and Earnings Inequality: Evidence from Hong Kong"
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Topic
Dr. Nisar Ahmad, University of Southern Denmark
"Immigrant-Native Differences in Earnings Mobility Processes: Evidence from Canadian and Danish Data"
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Topic
Dr. Nisar Ahmad, University of Southern Denmark
"State Dependence in Unemployment among Danish Immigrants"
   

First Day Evening Session
(Thursday, 13th December 2012)



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Topic
Keynote Speech

Professor Yew-Kwang Ng
Monash University"How Do We Analyze Extreme Global Catastrophic Risks Rationally? Climate Change and Expected Utility Maximization"


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Topic
Session 3A Economics of Happiness: Methodological Issues and Some Recent Findings

Professor John Ifcher, Santa Clara University 
"Economic Growth and Subjective Well-Being Inequality (with Homa Zarghamee)"
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Topic
Professor Yew-Kwang Ng, Monash University
"Some Conceptual and Methodological Issues on Happiness: Lessons from Evolutionary Biology"
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Topic
Dr. Lin Zou, Lingnan University 
"Altruism and Happiness: An Empirical Study with Panel Data in China"
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Topic
Professor Lok-sang Ho, Lingnan University
"Spirituality, Religions, and Happiness:  Identifying the Nexus"
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Topic
Session 3B Economic Development in ChinaMs. Emmy Lu, University of California
"The Dynamics of Hong Kong Saving Rate"
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Topic
Dr. Yu Chen, University of Macau
"Trade credit, protectionism, and exporting: Evidence from China" 
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Topic
Dr. Jennifer T. Lai, City University of Hong Kong
"Consumption risk sharing and self-insurance across provinces in China: 1952-2008"
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Topic
Dr. Fung Kwan, University of Macau
"Labour Reallocation, Productivity Growth and Dualism in China"



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Topic
Session 3C The Role of Credit Constraints in International Trade: Theory and Evidence from China

Dr. Zhiyuan Li, Shanghai University of Finance and Economics 
"Exports and Credit Constraints under Incomplete Information: Theory and Evidence from China"
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Topic
Mr. Haichao Fan, The Hong Kong University of Science & Technology
"Credit Constraints, Quality, and Export Prices: Theory and Evidence from China"
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Topic
Ms. Chen Zhao, The Hong Kong University of Science & Technology
"Credit Distribution and Export: Theory and Evidence from China"


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Topic
Session 3D Health Economics

Dr. Lixia Dong, Tsinghua University 
"The Redistribution of New Cooperative Medical Scheme: A Quintile Treatment Effect Approach"
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Topic
Dr. Jing Hua Zhang, Macau University of Science and Technology
"Bend the Healthcare Cost Curve without Pain? The Health Outcome after the Medicare Reimbursement Cut in 1997"
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Topic
Professor Meng Zhao, Waseda University
"Retiring for Better Health? Evidence from Health Investment Behavior in Japan"
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Topic
Mr. Chun Lok Kris Li, The University of Melbourne
"On the dispersion of expected incidents when estimating the Standardised Incidence Ratio"


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Topic
Session 3E Industrial Organization I

Mr. Calvin Qiu, University of Cambridge
"Indirect Network Effects and the Quality Dimension: A Look at the Gaming Industry"
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Topic
Mr. Knut Fournier, University West Paris
"The New Hong Kong Competition Policy in Domestic and Global Context"
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Topic
Mr. Ming Cheng, Southwestern University of Finance and Economics
"Food Safety Minimum Quality Standards under Product Differentiation"
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Topic
Professor Han Li, Southwestern University of Finance and Economics
"Market Competition and Price Dispersion: Evidence from the Airline Market along the Beijing-Shanghai High-Speed Railway"
   

Second Day Morning Session
(Friday, 14th December 2012)



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Topic

Keynote Speech

Professor Imran Rasul
University College London

"Can Basic Entrepreneurship transform the Economic Lives of the Poor?"



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Topic
Session 4A Applied Microeconomics: Experimental Studies

Dr. Hongliang Zhang, The Chinese University of Hong Kong
"The Mirage of Elite Schools: Evidence from Lottery-based School Admissions in China"
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Topic
Mr. Aganitpol Sivakul, University of Oxford
"Cash Versus In-Kind Transfers, The Case of Bangladesh"
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Topic
Professor Stan Siebert, University of Birmingham
"Quality and Quantity Trade-off under different Monitoring and Payment Systems: Experimental Evidence from an Internship Scheme in China"


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Session 4B Economics of Intellectual Properties

Professor Paul Jensen, University of Melbourne 
"Patent Examination Outcomes and the National Treatment Principle"
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Topic
Dr. Jin-Hyuk Kim, University of Colorado at Boulder
"Peer Reviewed Prior Art Pilot Program: Some Preliminary Results"
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Topic
Professor Tin Cheuk Tommy Leung, The Chinese University of Hong Kong
"Does Jailbreaking Raise Smartphone Profit? A Conjoint Survey Approach"


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Topic
Session 4C International Trade and FDI

Dr. Yao Amber Li, The Hong Kong University of Science & Technology
"Imported Intermediate Inputs, Export Prices, and Trade Liberalization"
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Topic
Dr. Chia-Hui Lu, City University of Hong Kong
"Pollution from China's Manufacturing: the Role of FDI"
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Topic
Dr. Yifan Zhang, Lingnan University
"WTO Accession and Firm-level Productivity in Chinese Manufacturing"
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Topic
Professor Larry Dongxiao Qiu, The University of Hong Kong
"The Inverted-U Shaped Investment in Abatement Technology: Theory and Evidence"


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Topic
Session 4D Microeconomic Theory II 

Dr. Kenta Toyofuku, Nihon University
"The Impact of Bank Health on Coordination among Creditors" 

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Topic
Professor Qian Jiao, Sun Yat-sen University
"Disclosure Policy in Contest with Stochastic Abilities"
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Topic
Professor Zhiquan Darren Weng, Southwestern University of Finance and Economics
"Does Regret Explain Why People Search too little? A Model of Sequential Search with Anticipatory Regret and Rejoicing"


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Session 4E Economic Growth

Dr. Rajarshi Mitra, Kyushu University
"Investigating the Aid-Growth Nexus – A Dynamic Panel Analysis for Asia"
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Topic
Dr. Wenzhe Zhao, Central University of Finance and Economics
"Trust in Government in China"
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Topic
Professor Ronald A. Edwards, Tamkang University
"On the onset of the Industrial Revolution and its Two Types: Song China and England"
   

Second Day Afternoon Session
(Friday, 14th December 2012)



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Topic
Keynote Speech

Professor Chenggang Xu
The University of Hong Kong"Political and Economic Institutions of China and Constitutionalism"


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Topic
Session 5A Finance and Industrial Economics

Dr. Shaojun Zhang, The Hong Kong Polytechnic University
"Evidence of Trading on Inside Information in China"
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Topic
Dr. Mike Fung, The Hong Kong Polytechnic University
"Cumulative Prospect Theory and Risk Taking by Managers"
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Topic
Dr. Tianle Zhang, The Hong Kong Polytechnic University
"Group Coupons: Interpersonal Bundling on the Internet"
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Topic
Dr. Sudeep Ghosh, The Hong Kong Polytechnic University
"Product Differentiation and Price Competition with Price Restraints: Theory and Experimental Evidence on Pricing in Spatial Models"


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Topic
Session 5B Pubic Economics

Professor Tao Li, University of Macau
"Span of Control in an Authoritarian Government"
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Topic
Dr. Li Liu, University of Oxford
"The Elasticity of Corporate Taxable Income: New Evidence from UK Tax Records"
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Topic
Dr. Tuan-Hwee Sng, National University of Singapore
"Taxation and Public Goods Provision in China and Japan before 1850"


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Session 5C Chinese Economy

Mr. Long Zhao, Hong Kong Baptist University
"The Structural Efficiency of China Economy since the Reform Policy"
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Topic
Dr. Jilei Huang, Shandong University
"Sources of China’s Post-reform Business Cycles: An SVAR analysis from the IS-LM perspective"
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Topic
Ms. Xuechao Qian, Southwestern University of Finance and Economics
"Human Capital Investment, Endowment and Social Mobility in China: 1989-2009"


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Topic
Session 5D Trade and FDI

Ms. Yumiko Taba, Waseda University
"State Trading Enterprises in Trade Liberalization"
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Topic
Dr. Tae-Jeong Kim, The Bank of Korea
"Fixed Capital Investment in Korea: Its Features and Impact on the Korean Economy"
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Topic
Mr. Zhiwei Xu, Hong Kong University of Science and Technology
"Two-Way Capital Flows and Global Imbalances A Neoclassical Approach"
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Topic
Mr. Thanapol Srithanpong, Keio University
"Productivity and Wage Spillovers from FDI in Thailand: Evidence from Plant-level Analysis"


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Session 5E Stock Market

Dr. Chiu Yu Ko, National University of Singapore
"Hide and Seek: Uniformed Traders and Short Sale Constraints"
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Topic
Ms. Jinyue Dong, City University of Hong Kong
"Understanding Stock and Housing Return in an Integrated Framework: An Empirical Investigation of Consumption and Housing based Asset Pricing Models"
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Topic
Professor Jae-Kwang Hwang, Virginia State University
"Dynamic Correlation Analysis of Financial Contagion: Evidence from Latin America Stock Markets"
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Topic
Dr. Hsiang-Chih Hwang, Lingnan University of Hong Kong
"How Did the Hong Kong IPOS Market Become Popular Lately?"
   

Second Day Evening Session
(Friday, 14th December 2012)



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Topic
Session 6A Trade, R&D and Productivity

Dr. Lei Yang, The Hong Kong Polytechnic University
"Contractual R&D and Intellectual Property Protection"
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Topic
Professor Keith Maskus, University of Colorado Boulder
"Patent Reforms and Export Specialization"
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Topic
Professor Xinpeng Xu, The Hong Kong Polytechnic University
"Trade, Local Outsourcing and Productivity"
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Topic
Session 6B Applied Efficiency Analysis

Professor Rolf Fare, Oregon State University
"Two Applications of Shephard's Distance Functions"
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Topic
Professor Finn R Førsund, University of Oslo
"Structural Change in Thermal Electricity Generation at the Province Level in China 1998-2006"
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Topic
Professor Shawna Grosskopf, Oregon State University
"Centralized or Decentralized Control of School Resources: a Network Model"
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Topic
Dr. Sung Ko Li, Hong Kong Baptist University
"Market Reform versus Management Reform:  A Case Study in the Sector of Electrical Equipment"


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Session 6C Regional Economics

Dr. Muhammad Kaleem, Kohat University of Science and Technology
"Small Cities; Big Avenues—Analysis of Economic Potential for Public Enterprises in Southern Districts of Khyber Pakhtunkwa (Pakistan)"
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Topic
Dr. A.Amarender Reddy, International Crops Research Institute for Semi-Arid Tropics
"Structure of Employment in Rural India"
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Topic
Ms. Amber Naz, University of Southern Denmark
"Regional Labor Price Convergence"


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Session 6D Econometric Theory

Ms. Lin Zhou, University of Tsukuba
"Economics of Scale in Household Food Consumption: a Resolution to Measurement Error of Household Size due to Food Away From Home"
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Topic
Dr. Chu-an Liu, National University of Singapore
"A Plug-In Averaging Estimator for Regressions with Heteroskedastic Errors"


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Session 6E Development

Mr. Eijaz Ahmed Khan, Curtin University
"Sustainable Growth of Informal Social Micro-enterprises (ISMEs): A Multidimensional Model" 
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Topic
Mr. Md. Nuruzzaman, Curtin University
"The Competitiveness and Supply Chain Management of Ready-Made Garment (RMG) Industry in Developing Nations"
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Topic
Dr. Meenakshi Sharma, Birla Institute of Technology
"The Imperatives of Pricing Strategy of Indian Real Estate"