Seminar on International Economics


时间：2014年3月4日（周二）10：30－12：00 am
地点：北大国发院/中国经济研究中心512教室
主持：余淼杰
主讲：Prof. Kenneth S. Chan (McMaster University and the City University of Hong Kong) 

主题: The China Growth Puzzle: The Role of the Formal and the Informal Institutions

摘要：This paper examines why China, in spite of its poor institutions, can grow so rapidly and for so long. Since each region in China has different quality of institutions and growth rates, we look into provincial and city data for this investigation. The variables formal and informal institutions are added into the conventional cross-section growth equation. The quality of the formal (informal) institution is taken from an opinion survey on the effectiveness of city governance conducted by the World Bank in 2006 (can be measured by the share of township-and-village enterprise in each province during 1978-2002 or by the trust index from surveys). We conclude that it is the informal institution that drives the rapid growth in China. Further investigation, using panel data and Arellano-Bond system GMM estimator, which controls for the missing fixed effect in cross-provincial regressions and provides useful instrument, confirms.  

演讲者简介: CHAN, Kenneth Shunyuen，现任香港城市大学、中山大学、澳门大学和岭南学院的客座教授，原香港城市大学经济与金融系系主任。1977年博士毕业于布朗大学。主要研究兴趣为国际贸易和国际金融、实验经济学、经济增长和中国经济等。三十年来在American Economic Review，Quarterly Journal of Economics，Journal of International Economics，等国际顶尖杂志发表50余篇学术论文。

 

主要的论文发表：

Chan, K.S., A Dynamic Evaluation of Fixed and Flexible Exchange Rate Regimes, December 1979, American Economic Review, pp. 843-854.

Chan, K.S. and Y.M. Ioannides; Layoff Unemployment, Risk Shifting and Productivity, Quarterly Journal of Economics, May 1982, pp. 213-229.

Chan, K.S., The Employment Effects of Tariffs Under Free Exchange Rate Regimes - a Monetary Approach, August 1978, Journal of International Economics, pp. 415-423.

Chan, K.S., Trade Negotiations in a Nash Bargaining Model, Journal of International Economics, November 1988, pp. 353-363.