The Eighth NBER-CCER Conference on

China and the World Economy

Beijing, June 28-July 1, 2006

Organizers: Justin Lin and Yang Yao (CCER)

Martin Feldstein and Shang-Jin Wei (NBER)

Conference Site: China Center for Economic Research, Beijing University

Hotel for NBER delegates: Dayuan

Jia 1, Dayuan, Fu-yuan-men, Yi-he-yuan Road, Haidian district, Beijing. Phone: 6256-1115.

Chinese address: 北京市海淀区颐和园路福缘门甲1号

Emergency Contact Person at the CCER:

Ms. Ping Wang, office: 6276-6005, mobile: 13126678721

Wednesday, June 28, 2006 6:30 pm: Reception in CCER

Thursday, June 29, 2006

8:30 – 9:00: Registration

9:00 – 10:00: Session I: China and the World Economy

Chair: Yang Yao (CCER)

Justin Yifu Lin (CCER): The 11th Five-Year Plan and the Chinese Economy

Martin Feldstein (NBER & Harvard): International capital flows

10:00 – 10:30: Coffee break

10:30 – 12:00 Session II: Globalization

Chair: Martin Feldstein (NBER & Harvard)

Gordon Hanson (NBER & UCSD): Globalization

Feng Lu (CCER): China's Labor productivity catch-up

Shang-Jin Wei (NBER & IMF): International Capital Flows: Paradoxes and a Possible Solution

12:00 – 2:00: Lunch

Guest speaker: GUO Shuqing, Chairman, China Construction Bank

Recent moves of CCB in raising capital in overseas markets

2:00 – 3:30 Session III: Macroeconomics

Chair: Demin Huo (CCER)

Michael Woodford (NBER & Columbia University): Monetary policy

Gang Gong (Tsinghua Univ.): Independent monetary policies under the fixed exchange rate regime

Min Gong (Xiamen Univ.): Does China function as a bridge to increase regional trade?

3:30 – 4:00: Coffee break

4:00 – 5:30: Session IV: Public finance and growth

Chair: Alberto Alesina (NBER & Harvard)

Justin Lin and Pengfei Zhang (CCER): Factor Endowment, Development Strategy and Economic Institution

James Poterba (NBER & MIT): Tax reform

Yin He (CCER): FDI and the economic growth: the role of Asian financial crisis

6:30 – 9:00: Dinner in Shunfeng-Shanzhuang

Guest speaker: XIANG Huaicheng, Chairman, China Social Security Fund

Investing CSSF funds abroad

Friday, June 30, 2006

9:00 – 10:30 Session V: Political economy I

Chair: Ling Li (CCER)

Alberto Alesina (NBER & Harvard): Political economy

Yan Shen (CCER): Village election and income distribution

Ming Lu (Fudan University): Does Marketization reduce or promote the effect of social capital on poverty reduction?

10:30 – 11:00: Coffee break

11:00 – 12:30 Session VI: Political economy II

Chair: Shang-Jin Wei (NBER & IMF)

Nancy Rose (MIT): Regulation issues

Changqi Wu (GSM, PKU): Privatization at the margin

Qiang Gong (CCER): Financial structure and economic growth

12:30 – 1:30: Lunch

1:30 – 5:30: Factory visit

6:30 – 9:00: Dinner: Oasis Restaurant

Saturday, July 1, 2006

9:00 – 10:30 Session VII: Labor economics

Chair: Yaohui Zhao

Casey Mulligan (NBER & Chicago): Wages and female labor supply

Yi Jin (Univ. of Kansas): Human capital, growth, and inequality

William Collins (NBER & Vanderbilt): Race and education

10:30 – 11:00: Coffee break

11:00 – 12:30 Session VIII: Productivity, interest rate, and insurance

Chair: James Poterba (NBER & MIT)

Ernie Berndt (NBER & MIT): Measuring innovation and R&D productivity in the biopharmaceutical industries

Zhixiong Zeng (CCER): Optimal interest rates

Mark Duggan (NBER & Maryland): Disability and disability insurance issues

12:30 Concluding Remarks

Justin Lin and Martin Feldstein

12:45 Lunch and Adjourn

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Time allocation:

20 minutes per presentation

Balance of time: questions and answers