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NCER-CCER Symposium Provides Academic Sparks for Economic Development

Dec 26-2023   



On December 23-24, the third NCER-CCER China Economic Symposium was held at School of Economics and Management, Tsinghua University. It was jointly organized by National Center for Economic Research at Tsinghua University and China Center for Economic Research at Peking University, and supported by several institutes and academic journals.

 

The symposium consisted of two main events and 12 side events. Out of 355 papers submitted, 72 were selected for presentation at the symposium. Six scholars, namely Zhang Junsen, Lu Ming, Lu Yi, Lu Pinyan, Liu Xuewen, and Huang Wei, each delivered a keynote speech.

 

Zeng Rong, Vice President of Tsinghua University, spoke highly of the long-running collaboration between NCER and CCER, which has given rise to abundant academic achievements and the increasing influence of the joint symposium. He urged all scholars to give advice on the Chinese economy, promote vibrant development of economic research, and build a grand blueprint for future growth of the Chinese economy. Prof. Qian Yingyi, Director of NCER Management Committee, thanked the support of various parties and hoped that the participants will free up the mind and make achievements. Prof. Yao Yang, Dean of NSD and Director of CCER, highlighted the significance of the partnership between Tsinghua University and Peking University in spurring the academic development of China’s economics. He said that the papers presented at the symposium deal with major economic hotspots in today’s China, and hoped that general economic theories will emanate from China’s phenomena and lead to academic research with international impact.

 

Prof. Zhang Junsen of School of Economics, Zhejiang University, delivered a keynote speech titled ‘Aging in a Binary Economy: Urban Aging, Large-Scale Migration, and Rural Development’. Through empirical research, he and his collaborators found that there has been scant evidence showing that urban aging is causing more adoption of industrial robots and other automatic technologies in cities and towns, because urban aging has sped up the influx of rural labor force into these areas, which restricts salary increase in urban labor market and mitigates companies’ motivation to deploy automation. Meanwhile, labor exodus from villages has driven up agricultural mechanization.

 

In his academic speech ‘Managing Policy Expectation’, Prof. Lu Yi of School of Economics and Management, Tsinghua University said that as a time window tends to exist between China’s policy announcement and policy implementation, rational consumers would react in advance when they expect the policy to go into implementation. By analyzing consumers’ purchasing behavior concerning electric cars in the context of government tax breaks for such products, he and his research team found that limited memory, an irrational factor, and options value, a rational one, combine to decide consumers’ timing for purchase. Counter-factual simulations showed that an optimal expectation duration that can maximize consumer surplus is for policy announcement to precede policy implementation by three months.

 

Prof. Lu Ming of Antai College of Economics and Management, Shanghai Jiao Tong University spoke under the topic ‘Bugle of Migration’, in which he presented his long-held view that developing large cities and promoting migration to cities remain major driving forces for China’s economic growth. A paper he presented examined if public information aired by rural broadcasting network facilitates migrant work and reduces the impact of distance on migration.

 

The second day of the symposium featured three more keynote speeches. Prof. Lu Pinyan of School of Information Management and Engineering, Shanghai University of Finance and Economics spoke on computational economics and highlighted the mutual importance of computation and economics by delving into computational issues under economic perspectives and economic issues under computational perspectives. He provided vivid exemplifications by sharing his research results on the equilibrium efficiency ratio under first-price bidding.

 

Prof. Liu Xuewen of HKU Business School spoke on the topic ‘Consumption-Driven Industrial Upgrading’. He said that during different phases of economic development, the government should seek the optimal path for economic development by adopting timely policy which restricts consumption to promote investment or which spurs consumption to facilitate technological advancement.

 

Huang Wei, NSD Associate Professor of Economics, delivered a speech on ‘Tenure Reform and Academic Research Productivity: Evidence from Institutions of Higher Learning’. He collected data from business schools in China that have experience tenure reforms and conducted empirical study on micro-level. The tenure system, he said, improves academic paper publishing quantitatively but not qualitatively, and the impact concentrates on doctoral degree holder who return from overseas studies. The caveat of the research was its insufficient data and narrow focus on certain academic fields, he said.

 

The side events of the symposium looked into a number of issues highly related to the Chinese economy, such as finance and public economics, international economics, macro-economics, and health and population economics. Nearly 100 economic scholars and several hundred students participated in the two-day symposium.

NCER-CCER Symposium Provides Academic Sparks for Economic Development

Dec 26-2023   



On December 23-24, the third NCER-CCER China Economic Symposium was held at School of Economics and Management, Tsinghua University. It was jointly organized by National Center for Economic Research at Tsinghua University and China Center for Economic Research at Peking University, and supported by several institutes and academic journals.

 

The symposium consisted of two main events and 12 side events. Out of 355 papers submitted, 72 were selected for presentation at the symposium. Six scholars, namely Zhang Junsen, Lu Ming, Lu Yi, Lu Pinyan, Liu Xuewen, and Huang Wei, each delivered a keynote speech.

 

Zeng Rong, Vice President of Tsinghua University, spoke highly of the long-running collaboration between NCER and CCER, which has given rise to abundant academic achievements and the increasing influence of the joint symposium. He urged all scholars to give advice on the Chinese economy, promote vibrant development of economic research, and build a grand blueprint for future growth of the Chinese economy. Prof. Qian Yingyi, Director of NCER Management Committee, thanked the support of various parties and hoped that the participants will free up the mind and make achievements. Prof. Yao Yang, Dean of NSD and Director of CCER, highlighted the significance of the partnership between Tsinghua University and Peking University in spurring the academic development of China’s economics. He said that the papers presented at the symposium deal with major economic hotspots in today’s China, and hoped that general economic theories will emanate from China’s phenomena and lead to academic research with international impact.

 

Prof. Zhang Junsen of School of Economics, Zhejiang University, delivered a keynote speech titled ‘Aging in a Binary Economy: Urban Aging, Large-Scale Migration, and Rural Development’. Through empirical research, he and his collaborators found that there has been scant evidence showing that urban aging is causing more adoption of industrial robots and other automatic technologies in cities and towns, because urban aging has sped up the influx of rural labor force into these areas, which restricts salary increase in urban labor market and mitigates companies’ motivation to deploy automation. Meanwhile, labor exodus from villages has driven up agricultural mechanization.

 

In his academic speech ‘Managing Policy Expectation’, Prof. Lu Yi of School of Economics and Management, Tsinghua University said that as a time window tends to exist between China’s policy announcement and policy implementation, rational consumers would react in advance when they expect the policy to go into implementation. By analyzing consumers’ purchasing behavior concerning electric cars in the context of government tax breaks for such products, he and his research team found that limited memory, an irrational factor, and options value, a rational one, combine to decide consumers’ timing for purchase. Counter-factual simulations showed that an optimal expectation duration that can maximize consumer surplus is for policy announcement to precede policy implementation by three months.

 

Prof. Lu Ming of Antai College of Economics and Management, Shanghai Jiao Tong University spoke under the topic ‘Bugle of Migration’, in which he presented his long-held view that developing large cities and promoting migration to cities remain major driving forces for China’s economic growth. A paper he presented examined if public information aired by rural broadcasting network facilitates migrant work and reduces the impact of distance on migration.

 

The second day of the symposium featured three more keynote speeches. Prof. Lu Pinyan of School of Information Management and Engineering, Shanghai University of Finance and Economics spoke on computational economics and highlighted the mutual importance of computation and economics by delving into computational issues under economic perspectives and economic issues under computational perspectives. He provided vivid exemplifications by sharing his research results on the equilibrium efficiency ratio under first-price bidding.

 

Prof. Liu Xuewen of HKU Business School spoke on the topic ‘Consumption-Driven Industrial Upgrading’. He said that during different phases of economic development, the government should seek the optimal path for economic development by adopting timely policy which restricts consumption to promote investment or which spurs consumption to facilitate technological advancement.

 

Huang Wei, NSD Associate Professor of Economics, delivered a speech on ‘Tenure Reform and Academic Research Productivity: Evidence from Institutions of Higher Learning’. He collected data from business schools in China that have experience tenure reforms and conducted empirical study on micro-level. The tenure system, he said, improves academic paper publishing quantitatively but not qualitatively, and the impact concentrates on doctoral degree holder who return from overseas studies. The caveat of the research was its insufficient data and narrow focus on certain academic fields, he said.

 

The side events of the symposium looked into a number of issues highly related to the Chinese economy, such as finance and public economics, international economics, macro-economics, and health and population economics. Nearly 100 economic scholars and several hundred students participated in the two-day symposium.