3rd CEAMeS Workshop on “Macroeconomic Development and Trade in East Asia”
3rd CEAMeS Workshop on “Macroeconomic Development and Trade in East Asia”
The 3rd CEAMeS Workshop took place in Hagen on the 9th and 11th May, 2019. The workshop dealt with different questions around the topic “Macroeconomic Development and Trade in East Asia”. Eleven speaker from four different countries presented their current research und discussed the results with the other workshop-participants. A short text and some pictures taken during the workshop can be found here. A short abstract of every presentation can be found below.
Prof. Dr. Eiji Ogawa
Title: Japanese Companies’ Overseas Business Expansion and Impacts of Changes in Exchange Rate
Japanese companies have been active in expanding business operations abroad. This paper focuses on the expansion of business operations of listed Japanese companies’ overseas bases to analyse how differences in the asset size of overseas bases affect changes in the corporate value due to changes in exchange rate.
Prof. Dr. Jarko Fidrmuc
Title: Development Aid and Export Performance: Chinese Engagement in Africa
In the last decade Chinas interest in deepen its economically relationship with Africa has grown. Due to the lack of many natural resources, which are abundant in Africa, and the rising wages and prices in China, the Chinese government actively supports these connections. This paper analyses the effects of the Chinese actions in Africa using a gravity model.
Prof. Dr. Yu Liu
Title: Innovation Effect or Imitation Effect on China Regional Economies
This paper runs regression with panel data from 31 provinces in China from 1998 to 2016, to study the effects of different human capitals. Therefor the human capital is divided into three categories: productive human capital, imitative human capital and innovative human capital.
Dr. Linda Glawe
Title: The Role of Institutional Quality and Human Capital for Economic Growth Across Chinese Provinces – A Dynamic Panel Data Approach
We employ a dynamic panel data model to analyse the role of improvements in institutional quality and human capital accumulation for the economic success of a province in China over the period 2003 to 2007. Using system GMM estimation, we find that while growth in human capital fosters economic growth all over China, only coastal provinces record a positive effect of institutional improvements on the growth rate of per capita income.
Prof. Dr. Hans-Jörg Schmerer
Title: Trade and Tasks – Did German Firms react to Import Competition from China
The paper studies the relationship between the Chinese import shock and the firm’s share of routine tasks. We want to see if trade with China reduces the share of routine tasks and if this relationship depends on labour market institutions.
Prof. Dr. Ziran Zhang
Title: An Investigation on the Optimal and Largest City Size in China
In 2030 one Billion people in China will life in urban regions. Until then each year around 16 million people will move to these regions, which means that there will be more and more large and huge cities in the years to come. This paper will investigate whether an optimal city size for China exists, using a cost-benefit analyses with a sample that includes 264 prefectural and prefecture-level cities.
Dr. Jens Fittje
Title: The quest for SME financing in China – Exploring different regulatory approaches to stimulate lending to SME
The People’s Bank of China is conducting a series of regulatory and monetary policy interventions to stimulate lending to SME. How do these interventions affect the loan-portfolios of commercial banks? To explore this question we construct a closed economy DSGE model with Chinese characteristics. A model who’s financial sector is made up not only by commercial banks, but also by shadow banks.
Dr. Benjamin Schwanebeck
Title: Optimal Unconventional Monetary Policy in the Face of Shadow Banking
Using a DSGE framework, we analyze the optimal design of conventional and unconventional monetary policy for an economy where both retail banks and shadow banks serve as financial intermediaries.
Prof. Dr. Yanwu Wang
Title: Household Debt and the Effectiveness of China’s Fiscal Policy
The rapid rise of household debt is a distinctive feature of China’s economic operation in recent years. Since the household sector is an important carrier for the effectiveness of fiscal policy, the expansion of its debt level and debt rate will inevitably affect the implementation of fiscal policy. Using the data of China’s prefecture-level cities from 2003 to 2017, combined with the panel VAR method, this paper empirically tests the fiscal multiplier under different household debt samples.
Prof. Dr. Zhiyuan Lin
Title: Expansion of China’s Government Non-tax Revenue
The paper aims to explore the causes of the rapid growth in China’s government revenue, especially non-tax revenues over the past 25 years, and their macroeconomic consequences and policy implications. It reveals the important role of China’s non-tax revenue in government overall revenue, the driving factors of the expansion of China’s government non-tax revenue since the tax-sharing reform in 1994 and the government non-tax revenue arising from land public finance.
Title: Comparing long-term growth dynamics in China, Korea and Japan
This paper compares trends in gross domestic product, capital and employment over several decades in Japan, Korea and China. By using a cointegrated VAR Models with broken linear trends, we analyse the similarity of growth dynamics in the mentioned countries
2nd CEAMeS Workshop
From 9th – 11th of May 2018 the 2nd CEAMeS Workshop took place. After the successful debut the year before, when the workshop took place at the FernUniversität in Hagen, the Center for Macroeconomic Research at Xiamen University in China (XMU) hosted the second event. Like 2017, the workshop again dealt with current challenges concerning East Asian economies and especially China.
Prof. Wagner and Prof Schmerer guided the delegation from the FernUniversität in Hagen which includes Linda Glawe, Antonia Reinecke and Michael Murach. The researchers presented their current research activities within the three-day workshop.
The workshop included over twenty presentations by authors from five different countries. Prof. Wagner had the honor to speak, together with Prof. Wuyuan Chen and Prof. Wenpu Li (both XMU), at the opening ceremony. You can download the program as a PDF-file.
“Macroeconomic Development and Trade in East Asia”
The first CEAMeS-Workshop took place at the FernUniversität in Hagen from May 11-13, 2017. The purpose of the Workshop was bringing together (macro-)economists specialized on East Asia. The workshop gave the participants the opportunity to present and discuss recent research with other experts in their field.
The conference schedule can be downloaded here: program.
The speakers at the first workshop were:
- Dr. Hong Bo (SOAS University, London)
- Linda Glawe (FernUniversität in Hagen)
- Dr. Iikka Korhonen (Head of the BOFIT, Helsinki)
- Prof. Dr. Tat Kei Lai (IÉSEG School of Management, Paris)
- Prof. Dr. Jing Li (Center for Macroeconomic Research, Xiamen)
- Prof. Dr. Yu Liu (Center for Macroeconomic Research, Xiamen)
- Dr. Richhild Moessner (Bank of International Settlements, Basel)
- Michael Murach (FernUniversität in Hagen)
- Prof. Dr. Eiji Ogawa (Hitotsubashi University, Tokyo)
- Antonia Reinecke (FernUniversität in Hagen)
- Dr. Markus Rodlauer (Deputy Director at International Monetary Fund)
- Prof. Dr. Ping Zhang (The Chinese Academy of Social Sciences (CASS), Beijing)