CHINESE ECONOMIC ASSOCIATION (Europe/UK) The 6th CEA (Europe) and 25th CEA (UK) Annual Conference University of Gothenburg, 1–2 September 2014, Gothenburg, Sweden Venue: School of Business, Economics and Law Address: Vasagatan 1 Institutions and Development The China Miracle and the Post-Crisis World Economy Conference Programme Sunday 31 August (Radisson Blu Scandinavia Hotel) 16:00 – 18:00 Registration: Radisson Blu Scandinavia Hotel 16:00 – 18:00 Information Corner on Jobs at the Registration Desk Renmin University of China, Harbin Engineering University Monday 1 September (Aulan/Assembly Hall, School of Business, Economics and Law) 9:00 – 10:00 Coffee and Registration (Reception) 10:00 – 10:30 Opening Ceremony and Plenary Sessions 1 Chair: Jinghai Zheng, President-elect, CEA (Europe/UK), University of Gothenburg 10:00 – 10:05 10:05 – 10:10 10:10 – 10:15 10:15 – 10:20 10:20 – 10:25 Keynotes: 10:30 – 11:05 Opening Address by Arne Bigsten, University of Gothenburg Welcome Address by The Lord Mayor Lena Malm of Gothenburg Remarks by Mme. Zhang Weihua, Consul-General of the Consulate-General of the People's Republic of China in Gothenburg Remarks by Patrik Andersson, Business Region Göteborg Presidential Address by Yingqi Wei, University of Leeds Martin Jacques, Cambridge University, UK Growing China and its impact on the structure of global governance Questions 11:05–11:15 11:15 – 11:50 Markus Taube, University of Duisburg-Essen, Germany Driving forces of institutional change in China Questions 11:50–12:00 12:00 – 13:30 Lunch (Voucher requested. Served in the School Restaurant at floor E4) 1 13:30 – 15:30 Plenary Session 2 (Aulan) Chair: Liming Wang, Secretary General, CEA (Europe), University College Dublin 13:30 – 14:00 Loren Brandt, University of Toronto, Canada From divergence to convergence: Reevaluating the history behind China's Economic Boom Questions 14:00–14:10 14:10 – 15:00 Panel Discussion: China’s model of economic development Chair: Jinghai Zheng, University of Gothenburg and Newcastle Business School Gary Jefferson, Brandeis University, USA Arne Bigsten, University of Gothenburg Jun Zhang, Fudan University Kurt Lundgren, Royal Institute of Technology Questions 14:50–15:00 15:00 – 15:30 Tea/Coffee 15:30 – 17:30 China Macroeconomic Roundtable Chair: Iikka Korhonen, Bank of Finland, and Eric Girardin, Aix-Marseille University, France 15:30 – 15:35 15:35 – 16:10 16:10 – 16:30 16:30 – 16:40 16:40 – 16:50 16:50 – 17:00 17:00 – 17:15 Introduction to the China Macroecononmic Roundatable Ruilong Yang, Dean, School of Economics, Renmin University of China Main Report: China’s macroeconomic analysis and forecast (mid-2014) Yanbin Chen and Yuanchun Liu, School of Economics, Renmin University of China Remarks by Eric Girardin, Aix-Marseille University, France Macroeconomic analysis in China when facing mis-measurement biases Remarks by Nannan Lundin, Energy & Climate Programme, Global Utmaning Remarks by Finn Førsund, University of Oslo Remarks by Ali Kutan, Southern Illinois University, USA Remarks by Iikka Korhonen, Bank of Finland Questions 17:15–17:30 17:40 – 18:00 CEA General Meeting 19:30 Conference Dinner and Best Paper Award of Journal of Chinese Economic and Business Studies (Radisson Blu Scandinavia Hotel) (Voucher requested) Tuesday 2 September (School of Business, Economics and Law) Parallel Sessions (See the next page) 2 Tuesday 2 September (School of Business, Economics and Law) Parallel Sessions Tuesday 2 September Parallel Session 9:00 – 10:30 9:00 – 10:30 Parallel Session A1 (Room: CG-salen) China’s Economic Development and Modernization Chair: Markus Taube, University of Duisburg-Essen Gary H. Jefferson, Brandeis University Paul D. Deng, University of Limerick Can China escape the middle-income trap? Marina Thorborg, Sodertorn University From “a bird in a cage” to “flying geese” – evolution of Chinese development models Kurt Lundgren, Royal Insitute of Technology Culture and development: The Scandinavian experience in comparative perspectives Jinghai Zheng, University of Gothenburg and Newcastle Business School Liming Wang, University College Dublin China’s road to modernization: A case for identity economics 9:00 – 10:30 Parallel Session B1 (Room: C33) Culture Differences, Behaviour, and Innovation Systems Chair: Ali Kutan, Southern Illinois University Yaguang Zhang, Jincao Huang, Peking University Monogeniture and primogeniture: A comparison in inheritance system between ancient East and West Gunnar Gelin, Daphne Research Stockholm Innovation and socio-cultural context: Comparing patent intensity determinants in national innovation systems, with a special focus on USA vs. China Shuanping Dai, University of Duisburg-Essex The emergence of Chinese entrepreneurs: Social mobility and innovation Xing Shi and Yanrui Wu, University of Western Australia China’s changing role in global innovation networks: A view of product-embodied R&D 9:00 – 10:30 Parallel Session C1 (Room: F43) Investment and Industrial Upgrading Chair: Jun Zhang, Fudan University Xiaolan Fu and Jun Hou, University of Oxford, Xiaohui Liu, Loughborough University Unpacking the relationship between OFDI and innovation performance: The moderating effect of contextual factors Erik Benrud, Drexel University Equilibrium business environments In Tier 1 and Tier 2 cities in China Quan Zhou, University of Cambridge Peng Zhang, Yingjie Zhou, Yuanjun Chen, Yufeng Zhang, Xiaobo Wu, and Yongjiang Shi (Zhejiang University; Tsinghua University; University of Birmingham) 3 High value manufacturing – same aim but different strategies: a comparison of manufacturing-related policies between the UK and China Hong Bo, Ciaran Driver, and Hsiang-Chun Michael Lin, University of London Corporate investment during the financial crisis: Evidence from China 9:00 – 10:30 Parallel Session D1 (Room: B41) Labour and Production Factors Chair: Eric Girardin, Aix-Marseille University Carl Lin, Beijing Normal University and IZA Myeong-Su Yun, Tulane University and IZA Minimum wages and income inequality in China Yanbin Chen, Renmin University of China The Economic logic of factor market reforms Ling Zhang and Hui Wu, Harbin Engineering University The mediation effect research of human capital on the relationship of education investment and economic growth John Shutt, Leeds Metropolitan University Employability, skills and talent management in Zhejiang Province 9:00 – 10:30 Parallel Session E1 (Room: C32) Regional Development Chair: Finn Førsund, University of Oslo Zheng (Annie) Wei, Australian National University Fung Kwan, University of Macau Understanding China’s Lewis turning point: The role of regional heterogeneity Yang Song and Wenkai Sun, Renmin University of China Health consequences of rural-to-urban migration: Evidence from panel data in China Masashi Hoshino, Waseda University Measurement of GDP per capita and regional disparities in China, 1979–2013 Yonghong Ma, Liangsen Zhu, and Xuemei Wan, Harbin Engineering University Flow barriers, misallocation and Chinese regional economic growth 10:30 – 11:00 Tea/Coffee (served in the School Restaurant, floor E4) 11:00 – 12:30 Parallel Session A2 (Room: CG-salen) China’s Macro economy in Transition Chair: Iikka Korhonen, Bank of Finland Yuanchun Liu and Yanbin Chen, Renmin University of China The economic downturn and China’s macro-economy under stimulus dependence Eric Girardin, Aix-Marseille University Harry Wu, Hitotsubashi University Dating China’s growth cycles subject to mismeasurement biases Qing-Ping Ma, University of Nottingham Contribution of interest rate control to China’s economic development 4 Flora Huang, University of Leicester The role of China in recovery and growth of selected economies 11:00 – 12:30 Parallel Session B2 (Room: C33) Firm Strategies and Stock Market Chair: Yanrui Wu, University of Western Australia Hong Li, University of Nottingham Equity ownership structure and stock market integration in China Qiwen Chen and Xiuping Hua, Brunel University Ying Jiang, Nottingham University Business School China Herding, overreaction and contrarian in the Chinese stock market Young-Chan Kim, University of Greenwich How Alipay became a leading financial institution in the thriving digital market Shaowei He, University of Northampton Capability upgrading of EMNEs’ acquired subsidiaries in developed countries: An unintended consequence of strategic asset-seeking OFDI? 11:00 – 12:30 Parallel Session C2 (Room: F43) Analysis of Economic and Organizational Behaviour Chair: Erik Benrud, Drexel University Zuli Xing and Jack W. Hou, Southwestern University of Finance & Economics Rent-seeking paradox in the context of a transitional Economy Sam Beatson and Jian Chen, University of Nottingham Determinants of foreign institutional investors in the Mainland listed Chinese companies Björn Gustafsson, University of Gothenburg Xiuna Yang, Beijing Normal University Are China’s ethnic minorities less likely to move? 11:00 – 12:30 Parallel Session D2 (Room: B41) Income, Consumption, and Saving Chair: Liming Wang, University College Dublin Xiumei Guo and Dora Marinova, Curtin University Challenges and strategies for more sustainable consumption and production in China: A global perspective Yi Chen, Peking University On the saving effect of income distribution: Theoretical and empirical analysis Xuezheng Qin, Tianyu Wang, and Castiel Chen Zhuang, Peking University Intergenerational transfer of human capital and its impact on income mobility: Evidence from China Jing You, Renmin University of China Multi-dimensional intertemporal poverty in rural China 5 11:00 – 12:30 Parallel Session E2 (Room: C32) Market Structure and Performance Chair: John Shutt, Leeds Metropolitan University Fengliang Liu, Renmin Unviersity, Xin Yi, and Ze Yu Transformation of China’s industrial structure: Endogenous market drive versus factor market distortion Xiuhua Zhang and Xiaoyu Xu, Harbin Engineering University Empirical studies on the determinants of the automotive intra-industry trade between China and European Union Lan Gao, Xiaohui Liu, Loughborough University Jiangyong Lu, Guanghua School of Management, Peking University Does learning at home and from abroad boost the foreign subsidiary performance of emerging economy multinational enterprises? Yun Feng, Chongfeng Wu, Shanghai Jiao Tong University Jianhua Zhang, University of Gothenburg The role of price connectors: A study on the market segmentation in Chinese stock markets 12:30 – 14:00 Lunch (Voucher requested. Served in the School Restaurant, floor E4) 14:00 – 15:30 Parallel Session A3 (Room: CG-salen) The Rise of RMB and China’s Growth Potentials Chair: Gary Jefferson, Brandeis University Andrew Leung, Andrew Leung International Consultants, Hong Kong SAR The ascent of the RMB, the Chinese currency Yunfei Wang and Xiaozhou Li, Shanghai Institute of Foreign Trade Zhichao Zhang, and Zhuang Zhang, Durham University Business School Rise of Gold Market in China: Liberalization and Market Development Jinghai Zheng, University of Gothenburg and Newcaslte Business School Yuning Gao and Angang Hu, Tsinghua University Production function estimation for China: A time series analysis Erik Benrud, Drexel University Shadow banking and financial fragility in China 14:00 – 15:30 Parallel Session B3 (Room: C33) Environment and Efficiency Chair: Xiaohui Liu, Loughborough University Mingye Ai and Yonghong Ma, Harbin Engineering University Jinghai Zheng, University of Gothenburg Analysis on environmental efficiency on China’s manufacturing industry: With non-radical DEA approach Christian Ploberger, University of Birmingham China’s adaptation challenges – a critical assessment of China’s ability to facilitate a strategic shift towards a low carbon economy by applying the structure-agency framework Kaibiao Xiang, Jianbo Zhou, Zhenmin Cheng, and Ruijian Liu, Peking University A study on the relationship of team process and organization performance – a case study of a rural commercial bank in Shanxi Province 6 14:00 – 15:30 Parallel Session C3 (Room: F43) Economic Studies of History and Cultural Heritage Chair: Ali Kutan, Southern Illinois University Jianbo Zhou, Beijing Univeristy A study on the inclusive financial system of Shanxi business people in the Ming and Qing Dynasties Jinchuan Shi, Zhejiang University, and Ting Wang, Social networks and informal financial system: An analysis of China Mary Leung and Jamie Morgan, Leeds Business School, Leeds Metropolitan University Why culture matters: The significance of Guanxi in an economic and business context Yilong Yan, Jinghai Zheng, and Angang Hu, Tsinghua University and University of Gothenburg Is the plan outmoded in China? Quantitative assessment of implementation and impact of China’s five-year plans 1953–2010 14:00 – 15:30 Parallel Session D3 (Room: B41) Determinants of Economic Performance Chair: Kurt Lundgren, Royal Institute of Technology Tinghua Duan and Wenxuan Hou, University of Edinburgh Business School The curse of returnee CEOs Horace Yeung, University of Leicester A tale of two cities – rivalry or division of role? Tony Fang, Monash University, University of Toronto and IZA Carl Lin, Beijing Normal University and IZA Minimum wages and employment in China Yingqi Wei, University of Leeds Determinants of box office success in China 14:00 – 15:30 Parallel Session E3 (Room: C32) Risk Management Chair: Björn Gustafsson, University of Gothenburg Christian Ploberger, University of Birmingham The challenge of integrating climate change related risks into a risk analysis framework: China’s complex development challenge Yuexiang Jiang, Zhejiang University Risk as Chinese culture and statistical concept Qiwei Chen and Mauro Costantini, Brunel University Bruno Deschamps, Nottingham University Business School China Professional forecasts in a volatile environment: Evidence from Asia 15:30 – 16:00 Tea/Coffee (served in the School Restaurant at floor E4) 7 16:00 - 17:30 Parallel Session A4 (Room: B34) IFDI, OFDI and Trade Chair: Jing Zhang, University of Nottingham Yue Lin and Uam Ceao, Centre of East Asia Studies and Autonomous University of Madrid Demystify China’s outward investment in Latin America and the Caribbean: Corporate ownership, motivation and location choice Chongyu Wu, Remin University of China Jianbo Zhou, Peking University Price transmission effect and its fluctuation trend of China’s imported commodities: Based on estimation of Armington Substitution Elasticity Shujie Yao, Pan Wang and Jing Zhang, University of Nottingham Dynamic relationship between China’s IFDI and OFDI 16:00 - 17:30 Parallel Session B4 (Room: C32) Development and Cultural Change Chair: Jian Chen, University of Nottingham Tony Fang, University of Stockholm Yuan Li, University of Duisburg-Essen The evolution of Chinese governance and leadership: A cultural change perspective Xiaolan Fu and Jun Hou, University of Oxford Pierre Mohnen, Maastricht University Trade and productivity growth in Ghana: Do Sino-Africa trade make a difference Yanqing Jiang, Shanghai International Studies University Foreign trade, structural change, and dynamic comparative advantage in China PhD Colloquiums Monday 1 September 9:00 - 10:00 PhD Colloquium A1 (Room: B34) Firm Competitiveness and Innovation PhD Supervisors: Jing Zhang, University of Nottingham Chair: Liming Wang, University College Dublin, Ireland Aldis Bulis, University of Latvia Internal and external factors in competitiveness of foreign companies in China Hang Xiong, University College Dublin Peer effects in the diffusion of innovations Geoffrey Chun-fung Chen, University of Bath Understanding the mixed instruments and institutional arrangements for renewable energy deployment in China (Continue to next page) 8 9:00 - 10:00 PhD Colloquium B1 (Room: C32) Economic Growth and Development PhD Supervisors: Yuning Gao, Tsinghua University Chair: Ali Kutan, Southern Illinois University Pauric McGowan, Mark Durkin, Yuanhao Qiao, and Yan Liu, University of Ulster On the decentralization process of the government to banks in China Jiajin Huang, Goethe University Frankfurt The effect of different financial sectors on economic growth in China Paul Egan and Anthony Leddin, University of Limerick Inflation, output & monetary policy dynamics in post reform China – A Markov switching approach 9:00 - 10:00 PhD Colloquium C1 (Room: D31) Productivity and Financial Markets PhD Supervisors: Jian Chen, University of Nottingham Chair: Gary Jefferson, Brandeis University Yunfeng Zheng, Yuning Gao and Angang Hu, Tsinghua University Green value added and green productivity of china’s industrial sectors: An input-output based accounting Boying Xu, University of London The underpricing and underperformance of Chinese PE-backed IPOs Ni Gao, Mangement Department, Kedge Business School Chinese direct investment in Europe – case in France 9:00 - 10:00 PhD Colloquium D1 (Room: C31) SOEs, Urbanization, and Chinese Investment in Africa PhD Supervisors: Yingqi Wei, University of Leeds Chair: Finn Førsund, Department of Economics, University of Oslo Zhiting Chen, University of Birmingham State ownership in China, past present and future – a critical analysis of state-owned enterprises Gaoyan Shi, Shanghai International Studies University Exploration on the path of innovative operating system to promote modern urbanization Louise Granath and Marika Larsson, University of Gothenburg Chinese foreign direct investments in the Zambian mining sector 9:00 - 10:00 am PhD Colloquium E1 (Room: C35) Economic Reform, Trade and OFDI PhD Supervisors: Guy Liu, Brunel University Chair: Xiaohui Liu, Loughborough University Yuan Ma and Henk Overbeek, VU University Amsterdam, the Netherlands Chinese outward foreign direct investment in the EU: Changing patterns and explanations Hao Zhang and Fernanda Ilhéu, ISEG – Lisboa School of Economics and Management, Portugal The role of Special Economic Zones in African countries development and the Chinese FDI 9 Wednesday 3 September 10:00 – 13:00 Guided tour of Gothenburg with Dr Johan Lonnroth, former member of the Swedish parliament. Tour plan: 10.00 Johan will meet you in the School Restaurant at the E3 entrance door. He will give a ca 30 minutes power-point lecture on the history of the city of Göteborg/Gothenburg. The lecture will take place at Department of Economics, the conference room at floor E6. ca 10.30 to 11.25 Walk through the center of Göteborg 11.30 Ferry ”Älvsnabben” across the river to Eriksberg (SEK 25/person). Walk to the ship ”Götheborg” (a full-scale replica of an 18th century wooden ship – has been to China, see http://www.soic.se/en/the-ship/) ca 12.00 Guided visit of the ship. Guide: Event Manager Cecilia Bothorp (SEK 100/person) ca 13:00 Walk to River Café for lunch (optional). N.B. Please register for this tour if you are interested! Send an e-mail to Jinghai Zheng ([email protected]) or when you register for the conference on site. 10
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