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mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman","serif";} </style> <![endif]--><!--[if gte mso 9]><xml> <o:shapedefaults v:ext="edit" spidmax="1026"/> </xml><![endif]--><!--[if gte mso 9]><xml> <o:shapelayout v:ext="edit"> <o:idmap v:ext="edit" data="1"/> </o:shapelayout></xml><![endif]--> </head> <body lang=EN-US link=blue vlink=purple style='tab-interval:.5in'> <div class=WordSection1> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> <table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=625 style='width:468.75pt;mso-cellspacing:0in;mso-yfti-tbllook:1184;mso-padding-alt: 0in 5.4pt 0in 5.4pt'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Authors, please upload your paper <a href="http://www.nber.org/confsubmit/backend/form?id=CEf15">here</a>. <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:1'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'>NATIONAL BUREAU OF ECONOMIC RESEARCH, INC. <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><b style='mso-bidi-font-weight:normal'><span style='mso-fareast-font-family: "Times New Roman"'>Chinese Economy Meeting <o:p></o:p></span></b></p> </td> </tr> <tr style='mso-yfti-irow:3'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><span class=SpellE><span style='mso-fareast-font-family:"Times New Roman"'>Hanming</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Fang and Shang-<span class=SpellE>Jin</span> Wei, Organizers <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal align=center style='margin-bottom:12.0pt;text-align:center'><span style='mso-fareast-font-family:"Times New Roman"'>October 9-10, 2015 <br> <br> </span>NBER<br> <span style='mso-fareast-font-family:"MS Mincho";mso-fareast-language:JA'>2<sup>nd</sup> Floor Conference Room<br> 1050 Massachusetts Avenue<br> Cambridge, MA</span><span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'></td> </tr> <tr style='mso-yfti-irow:6;mso-yfti-lastrow:yes'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <h2 align=center style='text-align:center'><u><span style='font-size:12.0pt; mso-fareast-font-family:"Times New Roman"'>PROGRAM<o:p></o:p></span></u></h2> </td> </tr> </table> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><br> <br> <a href="part.pdf">Participant List</a><br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> <table class=MsoNormalTable border=0 cellpadding=0 style='mso-cellspacing:1.5pt; mso-yfti-tbllook:1184;mso-padding-alt:0in 5.4pt 0in 5.4pt'> <tr style='mso-yfti-irow:0;mso-yfti-firstrow:yes'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><u><span style='mso-fareast-font-family:"Times New Roman"'><!-- </div> -->Friday, October 9:<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></u></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'></td> </tr> <tr style='mso-yfti-irow:1'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>7:30 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal>Shuttle leaves Royal <span class=SpellE>Sonesta</span> Hotel for NBER<span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:2'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><br> 8:00 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><br> Shuttle leaves Royal <span class=SpellE>Sonesta</span> Hotel for NBER</p> </td> </tr> <tr style='mso-yfti-irow:3'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:4'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>8:00 AM<br> <br> 8:30 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>Continental Breakfast<br> <br> Welcome<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:5'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:6'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>8:40 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Cynthia <span class=SpellE>Kinnan</span>, Northwestern University and NBER<br> <span class=SpellE>Shing</span>-Yi Wang, University of Pennsylvania and NBER<br> <span class=SpellE>Yongxiang</span> Wang, University of Southern California<br> <i><a href="Kinnan_Wang_Wang.pdf">Relaxing Migration Constraints for Rural Households</a></i><br> <br> Discussant:<span style='mso-spacerun:yes'>  </span><span class=SpellE>Hongbin</span> Li, </span>Tsinghua University<span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:7'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>9:40 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:8'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>10:00 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span class=SpellE><span style='mso-fareast-font-family:"Times New Roman"'>Koichiro</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Ito, University of Chicago and NBER<br> <span class=SpellE>Shuang</span> Zhang, University of Colorado </span>Boulder<span style='mso-fareast-font-family:"Times New Roman"'><br> <i><a href="Ito_Zhang.pdf">Willingness to Pay for Clean Air: Evidence from Air Purifier Markets in China</a></i><br> <br> Discussant:<span style='mso-spacerun:yes'>  </span>Kelsey Jack, Tufts University and NBER<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:9'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>11:00 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:10'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>11:15 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Wolfgang Keller, University of Colorado and NBER<br> Carol Shiue, University of Colorado and NBER<br> Xin Wang, University of Colorado <br> <i><a href="Keller_Shiue_Wang.pdf">Capital Markets in China and Britain, 18th and 19th Century: Evidence from Grain Prices</a></i><br> <br> Discussant:<span style='mso-spacerun:yes'>  </span><span class=SpellE>Zhiwu</span> Chen, Yale University<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:11'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>12:15 PM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Lunch <br> <br> Keynote Speech:<span style='mso-spacerun:yes'>  </span></span><span class=SpellE><em><span style='font-style:normal;mso-bidi-font-style:italic'>Yiping</span></em></span><em><span style='font-style:normal;mso-bidi-font-style:italic'> Huang</span>, </em><span class=st>China Center for Economic Research</span><span style='mso-fareast-font-family: "Times New Roman"'><br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:12'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>1:45 PM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Chen Lin, University of Hong Kong<br> Randall <span class=SpellE>Morck</span>, University of Alberta and NBER<br> Bernard Yeung, National University of Singapore<br> <span class=SpellE>Xiaofeng</span> Zhao, Chinese University of Hong Kong<br> <i><a href="Morck_Yeung_Zhao_Lin.pdf">Anti-Corruption Reforms and Shareholder Valuations: Evidence from China</a></i><br> <br> Discussant:<span style='mso-spacerun:yes'>  </span>Raymond <span class=SpellE>Fisman</span>, Boston University and NBER<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:13'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>2:45 PM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:14'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>3:00 PM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span class=SpellE><span style='mso-fareast-font-family:"Times New Roman"'>Bei</span></span><span style='mso-fareast-font-family:"Times New Roman"'> Qin, University of Hong Kong<br> David Stromberg, Stockholm University<br> <span class=SpellE>Yanhui</span> Wu, University of Southern California<br> <i><a href="Qin_Wu_Stromberg.pdf">The Political Economy of Social Media in China</a></i><br> <br> Discussant:<span style='mso-spacerun:yes'>  </span>Brian Knight, </span><span class=st>Brown University and NBER</span><span style='mso-fareast-font-family: "Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:15'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>4:00 PM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:16'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>4:15 PM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Yi <span class=SpellE>Che</span>, </span>Shanghai Jiao Tong University<br> <span style='mso-fareast-font-family:"Times New Roman"'>Yi Lu, National University of Singapore<br> Justin Pierce, Federal Reserve Board<br> Peter Schott, Yale University and NBER<br> <span class=SpellE>Zhigang</span> Tao, University of Hong Kong<br> </span><i><a href="Che_Ly_Pierce_Schott_Tao.pdf">Do Chinese Imports Influence U.S. Elections?</a> </i><br> <span style='mso-fareast-font-family:"Times New Roman"'><br> Discussant:<span style='mso-spacerun:yes'>  </span><span class=SpellE>Heiwai</span> Tang, Johns Hopkins University<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:17'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>5:15 PM<br> <br> 5:15 PM<br> <br> 7:00 PM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Adjourn<br> <br> </span>Shuttle leaves NBER for Royal <span class=SpellE>Sonesta</span> Hotel<span style='mso-fareast-font-family:"Times New Roman"'><br> <br> Dinner - </span>Dante Restaurant at the Royal <span class=SpellE>Sonesta</span> Hotel<span style='mso-fareast-font-family:"Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:18'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'><o:p>&nbsp;</o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:19'> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><u><span style='mso-fareast-font-family:"Times New Roman"'>Saturday, October 10:<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></u></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'></td> </tr> <tr style='mso-yfti-irow:20'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>7:30 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'>Shuttle leaves Royal <span class=SpellE>Sonesta</span> Hotel for NBER<span style='mso-fareast-font-family: "Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:21'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>8:00 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'>Shuttle leaves Royal <span class=SpellE>Sonesta</span> Hotel for NBER<span style='mso-fareast-font-family: "Times New Roman"'><o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:22'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>8:15 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Continental Breakfast<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:23'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>8:45 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Andrew <span class=SpellE>Ang</span>, Columbia University and NBER<br> Jennie Bai, Georgetown University<br> <span class=SpellE>Hao</span> Zhou, Tsinghua University<br> </span><a href="https://www.dropbox.com/s/swtp4aqzwc8ix1a/CTB_v6.pdf?dl=0"><i>The Great Wall of Debt: Corruption, Real Estate, and Local Government Credit Spread </i></a><span style='mso-fareast-font-family:"Times New Roman"'><br> <br> Discussant:<span style='mso-spacerun:yes'>  </span>Wei <span class=SpellE>Xiong</span>, Princeton University and NBER<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:24'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>9:45 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>James Choi, Yale University and NBER<br> Li <span class=SpellE>Jin</span>, Peking University<br> <span class=SpellE>Hongjun</span> Yan, </span><span style='font-size:11.0pt; mso-no-proof:yes'>Rutgers Business School</span><span style='mso-fareast-font-family: "Times New Roman"'><br> <i><a href="Choi_Jin_Yan.pdf">Informed Trading and the Cost of Capital</a></i><br> <br> Discussant:<span style='mso-spacerun:yes'>  </span>Jennifer Carpenter, New York University <o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:25'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>10:45 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Break<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:26'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>11:00 AM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Raul <span class=SpellE>Santaeulalia-Llopis</span>, Washington University in St. Louis<br> Yu Zheng, City University of Hong Kong<br> <i><a href="Santaeulalia-Llopis_Zheng.pdf">The Price of Growth: Consumption Insurance in China 1989-2009</a></i><br> <br> Discussant:<span style='mso-spacerun:yes'>  </span>Hui He, IMF<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:27'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>12:00 PM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Tasso <span class=SpellE>Adamopoulos</span>, York University<br> Loren Brandt, University of Toronto<br> Jessica <span class=SpellE>Leight</span>, Williams College<br> Diego <span class=SpellE>Restuccia</span>, University of Toronto<br> </span><a href="http://www.economics.utoronto.ca/diegor/research/ABLR_China_paper.pdf"><i>Misallocation, Selection and Productivity: A Quantitative Analysis with Panel Data from China </i></a><span style='mso-fareast-font-family:"Times New Roman"'><br> <br> Discussant:<span style='mso-spacerun:yes'>  </span></span>Daniel Xu<span style='mso-fareast-font-family:"Times New Roman"'>, Duke University and NBER<o:p></o:p></span></p> </td> </tr> <tr style='mso-yfti-irow:28;mso-yfti-lastrow:yes'> <td width=148 valign=top style='width:110.7pt;padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'>1:00 PM<o:p></o:p></span></p> </td> <td valign=top style='padding:.75pt .75pt .75pt .75pt'> <p class=MsoNormal style='margin-bottom:12.0pt'><span style='mso-fareast-font-family: "Times New Roman"'>Lunch and Adjourn<o:p></o:p></span></p> </td> </tr> </table> <p class=MsoNormal><span style='mso-fareast-font-family:"Times New Roman"'><br> <br> </span><span style='mso-fareast-font-family:??;mso-fareast-language:ZH-CN'>**********<br style='mso-special-character:line-break'> <![if !supportLineBreakNewLine]><br style='mso-special-character:line-break'> <![endif]><o:p></o:p></span></p> <p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><b><span style='mso-fareast-font-family:??;mso-fareast-language:ZH-CN'>Instructions to the presenters and discussants:<o:p></o:p></span></b></p> <p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span style='mso-fareast-font-family:??;mso-fareast-language:ZH-CN'><o:p>&nbsp;</o:p></span></p> <p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span style='mso-fareast-font-family:??;mso-fareast-language:ZH-CN'>25 minutes per paper presentation.<o:p></o:p></span></p> <p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span style='mso-fareast-font-family:??;mso-fareast-language:ZH-CN'>15 minutes of discussion (the discussant could skip a summary of the paper if it is not a new way of looking at the issue).<o:p></o:p></span></p> <p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span style='mso-fareast-font-family:??;mso-fareast-language:ZH-CN'>Balance of the time: general discussion.<o:p></o:p></span></p> </div> </body> </html>