IEA 13th World Congress

IEA 13th World Congress
9- 13 September, 2002 - Lisbon - Portugal
Robert Solow President, 1999-2002

Call for Papers - General Information - Hotel accomodation - Travel - Registration Form - Program Schedule

(13 pages)

PRELIMINARY PROGRAMME SCHEDULE

IEA World Congress, Lisboa, Portugal, 9-13 September 2002

Contributed-paper sessions are two hours long and contain four papers each. The authors should choose a chairman from amongst themselves or from the audience. Chairmen should allow 20 minutes for each paper, and 10 minutes for general discussion.

Monday, 9 - Tuesday, 10 - Wednesday, 11 - Thursday, 12 - Friday, 13

Monday, 9 September

0830 - 1000 Registration

1000 - 1200 Contributed Papers I

Session IA: Monetary Policy
            "Instruments of Monetary Policy"
            Bernardino Adão, Isabel Correia, Pedro Teles
            "Monetary Policy, Expectations and Commitment"
            George W. Evans, Seppo Honkapohja
            "IMF Arrangements, Politics and the Timing of Stabilizations"
            Francisco José Veiga
            "Monetary Policy Rules for Financially Vulnerable Economies"
            Eduardo Morón, Diego Winkelried

Session IB: Foreign Direct Investment
            "Economic Impact of Foreign Direct Investment in South Asia"
            Pradeep Agrawal
            "Foreign Direct Investment--A Critical Evaluation in Indian Economic Development
          since Liberalisation"
            Sudeshna Biswas, Prabir Biswas
            "Role of Foreign Direct Investment and Multinational Corporations--the Indian
            Context"
            Subrata Gupta
            "The Efforts of the Indian Government to Create Access for Foreign Direct Investment
          and the Role of FDI in Indian Economy"
            U.B. Kondewar
            "Intra-Firm Trade in Intermediate Inputs: Determinants and Spillovers"
            Ashok Bardham, Dwight Jaffee

Session IC: Labor Markets
            "Unions, International Factor Mobility and Indeterminacy"
            Marta Aloi, Teresa Lloyd-Braga
            "Wage Formation in Open Economies and the Role of Monetary and Wage-Setting
            Institutions"
            Markus Knell
            "Immigration, Wage Bargaining, and Unemployment Insurance"
            Alexander Kemnitz
            "A Story for Interpreting Europe and US Labor Markets Differences: The Specificity of
          Human Capital Investments"
            Etienne Wasmer

Section ID: European Union
            "Who is Leading European Integration: Economics or Politics?"
            Maria Tsenzharik
            "Towards a European National Economy? Lessons from the Economic History of
            Europe"
            Nuno Valério
            "The Vision of the Countries/Candidates in the European Union"
            Elena Vitkien
            "Quo Vadis, Europe: A Political Union After the Single Currency?"
            Rui Henrique Alve

Session IE: Inequality
            "A Bird's-Eye View of Long-Run Changes in Income Inequality"
            Andrea Brandolini
            "Egalitarianism and Resource Conservation in Hunter-Gatherer Societies"
            Rabindra Nath Chakraborty
            "Social Sector Expenditures--A Study of Global Inequality"
            Biswajit Guha
            "Inherent Inequality and the Extent of Redistribution in OECD Countries"
            Hannu Tanninen, Matti Tuomala

Session IF: Finance
            "An Empirical Analysis of the Effects of Options and Futures Listing on the
          Underlying Stocks' Return Volatility: the Portuguese Case"
            João Paulo Tomé Calado, Maria Teresa Medeiros Garcia, Sérgio Emanual Tomé Mendes Pereira
         "Partial Acquisitions and Dilution of Minority Shareholders' Wealth"
            Patricia Charléty, Marie-Cécile Fagart, Said Souam
            "The Foregone Gains of Non-Shareholders"
            Monica Paiella
            "The Stock Market and the Fed"
            Leonardo Becchetti, Fabrizio Mattesini

1200-1330 Presidential Address

Robert M. Solow: "Is Fiscal Policy Possible? Is it Desirable?"

1500-1700 Contributed Papers II

Session II A: Political Economy
            "The Majority Rule is the Maximally Decisive Member of the Family of Anonymous,
          Neutral, Pareto-Optimal and Weakly-Monotonic Aggregation Rules"
            Göksel A_an, M. Remzi Sanver
            "Strong Equilibrium Outcomes of Voting Games Are the Generalized Condorcet
            Winners"
            Murat R. Sertel, M. Remzi Sanver
            "On the Impact of Indifferent Voters on the Likelihood of Some Voting Paradoxes"
            Vincent Merlin, Fabrice Valognes
            “ Governing Ourselves : Rules from the State an from the People”
            Juan Camilo Cardenas

Session IIB: Banking
            "Synergies Between Banking Activites: Evidence from a Sample of French Banks
          from 1985 to 2000. Implications for the Future Shape of the European Banking
            System"
            Samia Belaounia, Nathalie Janson
            "A Non-Parametric Evaluation of Banking Efficiency in Portugal, New vs. Old Banks"
            Ana Canhoto, Jean Dermine
            "Prospects of Bank Mergers"
            D. Hussein Mohamed Fathy Osman
            "Endogenous Formation of Financial Dualism"
            Rajlakshmi Mallik
            "The Market for Terrorist Insurance”
            Dwight Jaffee, Thomas Russell

Session IIC: Industrial Organization
            "Quantifying the Effects from Horizontal Mergers in European Competition Policy"
            Marc Ivaldi, Frank Verboven
            "Corporate Debt and Output Pricing in Developing Countries. Industry-Level Evidence from Turkey"
            Turan Erol
            "The Employment Implication of Divestiture: the Indian Experience"
            Simrit Kaur
            "Informal Groundwater Markets: The Role of Share Contracts"
            Annegret Steinmetz

Session IID: Education
            "Development and Perspectives of Higher Education in Lithuania"
            Algimantas Sakalas
            "Class-Size Effects in School Systems Around the World: Evidence from Between-Grade Variation n TIMSS"
            Ludger Wößmann, Martin R. West
            "Impact of Health and Education Expenditure on Economic Growth--A Case Study of Sixty Countries"
            Basabi Bhattacharya, Jaydeep Mukherjee
            "The Determinants of Child Labour and Child Schooling in Ghana"
            Ranjan Ray

Session IIE: Exchange Rates
            "The Effect of Exchange Rate Uncertainty on Foreign Direct Investment in the United
            Kingdom"
            Matteo Iannizzotto, Nigel J. Miller
            "Conditional Correlations and Direct Central Bank Interventions in the Foreign
            Exchange Markets"
            Michel Beine
            "Behaviour of Effective Exchange Rate and Exchange Risk of the India Rupee in
            Pre- and Post-Reform Periods: An Empirical Analysis"
            Chitta Ranjan Dash
            "Integrated Monetary and Exchange Rate Frameworks: Are There Empirical Differences?"
            Lúcio Vinhas de Souza

Session IIF: Growth Models
            "Transition from a Separating to a Pooling Equilibrium in an Endogenous Growth Model"
            Niloy Bose, Maria Pereira
            "Long-Term Unemployment and Technical Progress in an Open Growth-Matching Model"
            Angela Birk
            "A Non-scale Growth Model with R&D and Human Capital Accumulation"
            Maria-João Ribeiro
            "More Variety or More Growth? Human Capital and Firm Specific Knowledge in an
          R&D-Based Growth Model"
            Holger Strulik

1730-1930 Invited Lectures

            Nicholas Stern, The World Bank: "Meeting the Challenge of Monterey"
            Ernst Fehr, University of Zurich: "Human Nature and Social Interaction--When Do Deviations from
            Homo Oeconomicus Matter?:

Tuesday, 10 September

0930-1100 Invited Lecturess

Session A:   William Easterly, Center for Global Development
                       Murray Leibbrandt, University of Cape Town: "What Have We Learnt about Contemporary South
                       Africa from a Small Household Panel Study?"
Session B:    Takatoshi Ito, University of Tokyo
                        David Canning, University of Belfast

1130-1300 Invited Lecture

Dr. Romano Prodi, European Commission

1500-1700 Contributed Papers III

Session IIIA: Social Expenditure
            "Social Expenditure of Maharashtra State under Tribal Sub-Plan"
           B.S. Mhaske
           "Impact of Social Expenditure on International Differentials in the Level and Growth of
         Income--An Empirical Analysis Based on the Solow Model and Its Augmented Form for
         the Periods 1960-85 and 1980-98"
           Ratan Kumar Ghosal
            "Social Insurance and Redistribution"
            Robin Boadway, Manuel Leite-Montero, Maurice Marchand, Pierre Pestieau

Session IIIB: International Finance
            "Interest Rates and Investment in East Asia: An Empirical Evaluation of Various Financial
             Liberalization Hypotheses"
            Pradeep Agrawal
            "Global Transmission of Interest Rates: Monetary Independence and Currency Regime"
            Jeffrey A. Frankel, Segio L. Schmukler, Luis Servén
            "`Large' vs. `Small' Players: A Closer Look at the Dynamics of Speculative Attacks"
            Geir H. Bjønnes, Dagfinn Rime, Haakon O. Aa. Solheim
            "Multi-Factor Valuation of Floating Range Notes"
            João Pedro Vidal Nunes

Session IIIC: Theory
            "Weak and Strong Heterogeneity with Adverse Selection: Optimal Allocations and
            Implementation"
            Arnold Chassagnon, Bertrand Villeneuve
            "Contracts and Inequality Aversion"
            Florian Englmaier, Achim Wambach
            "Endogenous Determination of Utility Functions: An Evolutionary Approach"
            Alexander A. Vasin
            "Local Nash Equilibrium in Multiparty Politics"
            Norman Schofield, Itai Sened

Session IIID: European Union
            "Dynamic Paths of the European Economy: Some Simulations with an EU Aggregate Model"
            Alberto Bagnai, Francesco Carlucci
            "European Enlargement: Modelling Framework and Simulations"
            Rossella Bardazzi, Maurizio Grassini
            "Proposal of a Collaborator Commitment Model to Organizations with Head Offices in
            Europe and Members of the European Union"
            João Chang Junior

Section IIID: European Union
            "The Legal Concept of Immovable Property and the Rights over Immovable Property
             in the European Union: A Comparative Study"
            José Caramelo-Gomes

Session IIIE: Econometrics
            "Structural Breaks, Orders of Integration, and the Neutrality Hypothesis: Further
            Evidence"
            Antonio E. Noriega, Luis M. Soria
            "An Index of Dissimilarity among Time Series: An Application to the Inflation Rates of the EU Countries"
            Emma Sarno, Alberto Zazzaro
            "Exports and Economic Growth in India: An Econometric Study"
            Siddharth Shastri
            "Modelling Income Processes with Lots of Heterogeneity"
            Javier Alvarez, Martin Browning, Mette Ejrnæs

Session IIIF: Rural Economies
            "An Essay on Definitions of Typologies for Less Favoured Rural Areas--Two Portuguese
          Regions Alto Trás-os-Montes and Douro"
            Francisco José Lopes de Sousa Diniz
            "Global Capital and the Rural Economy"
            Manuel Belo Moreira, Chris Gerry
            "Small and Marginal Farmers' Credit Need vs. Formal and Informal Credit Institutions in Bihar"
            Ashwini Kant Jha, Ragiv Kumar Sinha
            "Rural Tourism in Local Economies--Proportional Income and Employment Multipliers
          (The Case of Douro Region)"
            Francisco José Lopes de Sousa Diniz

1730-1930 Invited Lectures

Edmond Malinvaud, Paris: "Structural Policies and Macroeconomics"
Jean Tirole, Toulouse: "Psychology and Economics"

Wednesday, 11 September

0930-1100 Contributed Papers IV

Session IVA: Patterns of Growth
            "Explorations in Historical and Comparative Economics: Education and Endogenous
           Growth.  Europe in the 19th and 20th Centuries"
            Claude Diebolt, Marielle Monteils
            "Portuguese Economic Growth Re-examined: An Anti-Fado Manifesto"
            Miguel Lebre de Freitas
            "Government Size and Economic Growth in Developing Countries: A Panel Data Analysis"
            Burak Günalp, Timur Han Gür
            "Types of Government Expenditures and the Rate of GDP Growth"
            Pak Hung Mo

Session IVB: Monetary Union
            "One `Monetary Giant' with Many `Fiscal Dwarfs:' The Efficiency of Macroeconomic
          Stabilization  Policies in the European Monetary Union"
            Roberto Tamborini
            "The Enlargement of European Monetary Union--Challenges and Opportunities"
            Boguslawa M. Barszczak Sardinha, Luísa Margarida Cagica Carvalho
            "A Monetary Union of Two Countries: Applying the Rate-of-Growth Method"
            Michael Carlberg
            "Price Convergence under EMU: First Estimates"
            Matthias Lutz

Session IVC: Poverty
            "On the Structure of Some Measure of Deprivation"
            Achin Chakraborty, Prasanta K. Pattanaik, Yongsheng Xu
            "Are DAC Targets of Poverty Reduction Useful?"
            Raghav Gaiha
            "The Biological Standard of Living in the Two Germanies"
            John Komlos, Peter Kriwy
            "Aid and Poverty Alleviation in Case of Asymmetric Information--Some Basic Lessons
            from Principal-Agent Theory"
            Karl R. Pedersen

Session IVD: Taxation
            "Consumption Taxes and Redistribution"
            Isabel H. Correia
            "Tax Enforcement for Heterogeneous Firms"
            Francisco Marhuenda, Alexander Vasin, Polina Vasina
            "Coordination of Capital Taxation Among Asymmetric Countries"
            Susana Peralta, Tanguy van Ypersele
            "Tax Reform in the Context of Budgetary Restraints: A Note on the Portuguese Case"
            Alfredo M. Pereira, Pedro G. Rodrigues

Session IVE: Business Cycles
            "Endogenous Fluctuations in Unionised Economies with Productive Externalities"
            Rui Coimbra, Teresa Lloyd-Braga, Leonor Modesto
            "Work Effort over the Business Cycle"
            Domenico J. Marchetti, Francesco Nucci
            "A New Leading Indicator for the Portuguese Economy"
            Alda Rito
            "Factor Shares and Biased Technological Change: Implications for Macroeconomic
            Fluctuations"
            Andrew T. Young

Session IVF: Foreign Direct Investment
            "Trade Effects of FDI in Mercosur"
            Marta Castilho, Soledad Zignago
            "Technology Sourcing and Strategic Foreign Direct Investment"
            Kjetil Bjorvatn, Carsten Eckel
            "Competing in a Brave New World: An Exploration Study on Portuguese Born Globals”
            Vítor Corado Simões, Pedro Miguel Dominguinhos
            "Foreign Direct Investment and Macroeconomic Uncertainty. An Empirical Analysis of

Recent Experience from the European Union"
David Dickinson

1200-1330 Invited Lectures

            Session A:        Gilles Saint-Paul, IDEI, Paris
                                    Hans Gersbach, Heidelberg : “Structural Reforms and the Macroeconomy:
                                    the role of General Equilibrium Effects”
            Session B:        Alan Deardorff, University of Michigan
                                    Arjan Lejour, CPB Netherlands Bureau for Economic Policy Analysis

1500-1700 Contributed Papers V

Session VA: Strategic Behavior
            "Best Response Dynamics in Finite Games with Additive Aggregation"
            Nikolai S. Kukushkin
            "Strategic Behaviour and Marriage Payments: Theory and Evidence from Senegal"
            F. Gaspart, J.-Ph. Platteau
            "Strategic Choice of Financing Systems in Regulated and Interconnected Industries"
            Anna Bassanini, Jérôme Pouyet
            "Fuzzy Judgment in Bargaining Games: Diverse Patterns of Price Determination and
          Transaction in Buyer-Seller Exchange"
            Ewa Roszkowska, Tom Burns

Session VB: Globalization
            "Globalisation, Income Inequality and Economic Growth. Special Reference to India"
            Prabir Biswas, Sudeshna Biswas
            "Sustainable Globalisation"
            Simone Borghesi, Alessandro Vercelli
            "La Turquie, Epuisee, sur le Chemin de la Mondialisation"
            Ahmet _ahinöz
            "The Race Toward Openness: An Experimental Investigation"
            Marco Rossi

Session VC: Monetary Policy
            "The Independency of Monetary Policy in Brazil: Empirical Evidences from 1966 to 1985"
            Luiz Fernando Cerqueira
            "Monetary Policy and Structural Reforms in the Economy of Post-Soviet Russia"
            N.P. Shmelov
            "Monetary Policy Rules and Oil Price Shocks"
            Christophe Kamps, Christian Pierdzioch
            "The Euro Bloc, the Dollar Bloc, and the Yen Bloc: How Much Monetary Policy
          Independence Can Exchange Rate Flexibility Buy in an Interdependent World?"
            Marcel Fratzscher

Session VD: Labor Markets
            "Rent Sharing as Part of Incentive Payments and Recruitment"
            Hannu Piekkola, Antti Kauhanen
            "Fixed Term Contracts, Social Security Rebates and Labour Demand in Italy"
            Lia Pacelli
            "Coalition and Labor Organization, A Production Frontier Approach"
            Catherine Ris
            "Industry Evolution in the Presence of an Internal Labor Market"
            Pablo F. Beker

Session VE: Industrial Organization
            "Technology Transfer in a Stackelberg Structure: Licensing Contracts and Welfare"
            Tarun Kabiraj
            "Does Intellectural Property Protection Spur Technological Change?"
            Sunil Kanwar, Robert Evenson
            "Cournot Competition and Access Pricing in Regulated Industries"
            Kunio Kawamata
            "Sequential Entry with Asymmetric Preferences"
            Tore Nilssen, Christian Riis

Section VF: Macroeonomics

            "Effective Demand and National Income: A Microeconomics of the IS-LM Analysis"
            Michihiro Ohyama*
            "Structural Reforms in Labour and Product Markets and Macroeconomic Performance in
          the European Union"
            Karl Pichelmann, Werner Roeger
            "Price Stickiness and Contractionary Technology Shocks"
            Domenico J. Marchetti, Francesco Nucci
            "On the Speed of Convergence of Open and Closed Economies"
            Delfim Gomes Neto

Thursday, 12 September

0930-1130 Contributed Papers VIs

Session VIA: Theory
            "Double Dividend Hypothesis, Golden Rule and Welfare Distribution"
            Mireille Chiroleu-Assouline, Mouez Fodha
            "Space, Factors and Spillovers"
            Andrea R. Lamorgese, Gianmarco I.P. Ottaviano
            "Learning in Decentralised Organisations"
            Irene Valsecchi
            "Uncertainty, Rationality and Learning: A Keynesian Perspective"
            Alessandro Vercelli

Session VIB: European Union
            "The Past and Future of the European Union: The Russian Assessments and Concerns"
            Ivan D. Ivanov
            "The Effects of EU Business Cycles on the Economic Activity in Slovenia and Croatia"
            Timotej Jagri_, Sebastjan Strašek
            "European Integration and the Survival of Polish Small Enterprises"
            Subrata Ghatak, George Manolas, Costas Rontos, Iohanies Vavouras
            "New Europe and Prospects of the Baltic Countries' Integration"
            Tatyana Boikova

Session VIC: Political Economy
            "Electoral Business Cycles Under Output Persistence. Some Consequences for the
          Economic Timing of Elections"
            António Caleiro
            "Aspects of the Political Economy of Foreign Aid"
            Rune Jansen Hagen
            "About an Institutional Equilibrium and its Application to a Federal State"
            Valery Makarov
            "The Determinants of Vote Intentions in Portugal"
            Francisco José Veiga, Linda Gonçalves Veiga

Session VID: Innovation and Productivity
            "Human Capital, External Effects and Technical Change"
            Sarquis J.B. Sarquis, Jorge Saba Arbache
            "Trade, Human Capital and Innovation: The Engines of European Regional Growth in the 1990s"
            Harald Badinger, Gabriele Tondl
            "Productivity Spillovers in the Portuguese Case: Evidence from a Short Time Period Panel Data"
            Isabel Proença, Maria Paula Fontoura, Nuno Crespo
            "Sources of Economic Growth in Cameroon's Economy"
            Aloysius Ajab Amin

Session VIE: Foreign Direct Investment
            "FDI vs. Exports under Asymmetric Information"
            Fátima Barros, Leonor Modesto
            "Emerging Multinationals in NAFTA and the EU: The Case of Korean Firms"
            Bénédicte Coestier, Serge Perrin
            "Portuguese Investment in Brazil--the Challenges of an Iberian Logic"
            Cezar Guedes, Mario Gómez Olivares
            "Location of Foreign Direct Investment in a Regional Integration Area"
            José Pedro Pontes

Session VIF: Labor Markets
            "On the Impact of Labour Market Matching on Regional Disparities"
            Joe Tharakan, Jean-Philippe Tropeano
            "Earnings Mobility and Labor Market Segmentation in Europe and USA: Preliminary
            Exploration"
            Bruno Contini
            "Labor Market Pooling"
            Guido de Blasio, Sabrina Di Addario
            "State Dependence and Unobserved Heterogeneity in Firm-Related Training"
            Wim Groot, Henriëtte Maassen van den Brink

1200-1330 Invited Lectures

            Session A:        Michele Boldrin, University of Minnesota
                                      E.M. Graham, Institute for International Economics: "Foreign Direct Investment, Its
                                    Effects on Economic Growth, and Host-Country Policy"
            Session B:        Panel Discussion on the Turkish Economic Crisis:
                                      Ercan Uygur, Turkish Economic Association: "The Two-Tier Crises in Turkey and the
                                      Aftermath"
                                      Ahmet _ahinöz, Turkish Economic Association: "Frustration of Real Sector by Stabilization
                                      Policies and its Social Outcomes"
                                      Ajay Chhibber, The World Bank

1500-1700 Contributed Papers VII

Session VIIA: International Finance
            "Spreading Currency Crises: The Role of Economic Interdependence"
            Wolfram Berger, Helmut Wagner
           "Towards a New Early Warning System of Financial Crises"
            Matthieu Bussiere, Marcel Fratzscher
            "New Strategies for Currency Crises Early Warning Systems: A Balance Sheet Approach"
            Christian Mulder, Roberto Perrelli, Manuel Duarte S. Rocha
            "Currency Crises and Uncertainty About Fundamentals"
            Alessandro Prati, Massimo Sbracia

Session VIIB: Welfare Economics
            "Pareto-Improving Redistribution in a Monopoly"
            Jacques Thépot
            "Surplus Measure and the Social Desirability of Input Joint Ventures"
            Manas Chaudhuri, Rajat Acharrya
            "An Econometric Examination of Equity Judgements Elicited through Experiments"
            J.A. Jungeilges, Theis Theisen
            "Utility Versus Income-Based Altruism. In Favor of Gary Becker"
            Alexander Kritikos, Friedel Bolle

Session VIIC: Banking
            "The Interaction Between Physical and Electronic Delivery: the Case of Banking Services"
            Emilia Bonaccorsi di Patti, Giorgio Gobbi, Paolo Emilio Mistrulli
            "Deposit Rate Regulation and Risk-Taking by Banks"
            Philippe Grégoire, Isabelle Platten, Paul Reding
            "A Dynamic General Equilibrium Model with Technological Innovations in the Banking Sector"
            Emanuel R. Leao
            "EU-Wide Money and Currency Substitution"
            Miguel Lebre de Freitas

Session VIID: Economic Thought
            "The Year 1922: A Watershed of Mises and Hayek"
            Shigeki Tomo
            "Islamic Political Economy"
            Masudul Alam Choudhury
            "Monetary Integration in the Roman Empire"
            Juan Carlos Martinez Oliva
            "On the Natural Rates of Unemployment and Interest: the Robertson Connection"
            Mauro Boianovsky, John R. Presley

Session VIIE: Labor Markets
            "Careers and Wage Growth within Large Firms"
            Francisco Lima, Pedro Telhado Pereira
            "Why Do Workers Earn More in Better-Educated Cities? Evidence from Portugal"
            João Carlos Cerejeira da Silva
            "Cross-Country Differences in Self-Employment Diffusion: The Role of Institutions"
            Roberto Torrini
            "Friendly Social Relations in the Workplace and Pay"
            Ottorino Chillemi

Session VIIF: Public Investment
            "Public Investment in Transportation Infrastructures and Economic Performance in
            Portugal"
            Alfredo M. Pereira, Jorge M. Andraz
            "Optimal Endowments of Public Investment: An Empirical Analysis for the Spanish
            Regions"
            Oscar Bajo-Rubio, Carmen Díaz-Roldán, M. Dolores Montávez-Garcés
            "Transport Infrastructures and Regional Growth in Spain"
            Pedro Cantos, Mercedes Gumbau-Albert, Joaquín Maudos
            "Issues in the Economics of Infrastructure: Exploring the Frontiers"
            Siddhartha Mitra, Arup Mitra

1730-1930 Invited Session

Global Development Network project on the Political Economy of Growth

Growth in Developing and Transitional Countries

“ Microeconomics Determinants of Growth Around the World “
Djavad Salehi-Isfahani (and Serge Guriev), Virginia Tech, Blacksburg, Virginia and New Economic School , Moscow:
“Political Economy of Growth: Lessons Learned and Challenges ahead”
Hadi Salehi- Estahani (and Michael Castanheira) University of Illinois, Champaign-Urbana, Illinois and ECARES, Brussels:

“Markets and Growth”
Janet Mitchel (and Stephen Juradja) National Bank of Belgium, Brussels, and CERGEI, Prague

Jongil Kim (and Charles Soludo) Dongguk University, Seoul and African
Institute for Applied Economics, Emugu, Nigeria:

“ Sources of Aggregate Growth in Developing Regions: Still More Questions than Answers?”

1730-1830 Invited Lecture

Victor Beker, University of Buenos Aires: "Economics As Science, a Discussion of Some
Methodological Issues"

1830-1930 Invited Lecture

Oded Stark, University of Vienna and University of Bonn, "Overlapping"

Friday, 13 September

0930-1130 Contributed Papers VIII

Session VIIIA: Exchange Rates
            "Foreign Exchange Markets' Perceptions of EMU Participation by Finland, France, Italy,
          and Portugal"Portugal"
            Bernd Wilfling
            "Trade Regionalization, Exchange Rate Policies and EU-US Economic Cooperation"
            E. Thalassinos, T. Kiriazidis
            "Exchange Rate Pass-Through into Import Prices: A Macro or Micro Phenomenon?"
            José Manual Campa, Linda S. Goldberg
            "Money-Based vs. Exchange-Rate-Based Stabilization: Is There Space for Political
            Opportunism?"
            Art Aisen

Session VIIIB: Rural Economies
            "Buying Fields and Marrying Daughters: An Empirical Analysis of Rosca Auctions in a
          South Indian Village"
            Stefan Klonner
            "Factors Influencing Adoption of Land-Saving and Machinery Technologies by Communal
         Farmers in KawZulu-Natal, South Africa"
            Lieb Nieuwoudt
            "The Economics of ROSCAS and Intra-Household Resource Allocation"
            Siwan Anderson, Jean-Marie Baland
            "Agricultural Output and Productivity in the Former Soviet Republics"
            Zvi Lerman, Yoav Kislev, Alon Kriss, David Biton

Session VIIIC: Political Economy
            "The Structural Reforms and Economists in Japan's Government: From the 1990s to the
            Present"
            Aiko Ikeo
            "Economical vs. Political Cycles in the Portuguese Manufacturing Sector (1953-1995)"
            José Ramos Pires Manso
            "Barriers to Transparency: Modernization, Growth, and the Growth of Corruption"
            James Stodder, Peter Schroth
            "Income Distribution and Tax Competition"
            Kjetil Bjorvatn, Alexander W. Cappelen

Session VIIID: European Union
            "Looking Behind the Curtain--Effects from Modernization of European Union Competition
            Policy"
            Pedro Pita Barros
            "The EU-India Economic Relations: An Analysis"
            Raj Kumar Sen
            "How Cyclical Do Cyclically-Adjusted Balances Remain? An EU Study"
            Enrique Alberola, Jose M. González Minguez, Pablo Hernández de Cos,
            Jose M. Marqués
            "European Integration and the Functioning of Product Markets: Selected Issues"
            Adriaan Dierx, Fabienne Ilzkovitz, Khalid Sekkat

Session VIIIE: Labor Markets
            "Labor Intersectorial Substitutability: Specialization and Income Distribution"
            Zenón J. Ridruejo, M. Isable Campos, Julio López Día
            "Crime and Punishment Reawakened--Insights on a Risky Business from the Worker's
            Perspective"
            Nuno Garoupa, Ana Paula Martins
            "Measuring Gender Bias"
            Diganta Mukherjee
            "The Interplay Between Insurance and Assistance in Unemployment Compensation
            Systems"
            Javier Ortega, Laurence Rioux

Session VIIIF: Market Structure
            "Evolution of the International LNG Market"
            Dagobert L. Brito, Peter R. Hartley
            "Mergers in the Presence of Economies of Scope"
            Duarte Brito, João Gata
            "Self-employment and Labor Market Regulation"
            Mário Centeno
            Enrique Bour, Marcela Cristini, Leonardo Gaspanni

1200-1330 Invited Lectures

            Session A:        Foreign Direct Investment
                                    José de Gregorio, Bank of Chile: "The Role of Direct Foreign investment
                                   and Natural Resources Economic Development"
                                    Ashoka Mody, International Monetary Fund.

           Session B:        Panel organized by the European Union Development Network
                                    Invited session by the Global Development Network
                                    Johannes Jutting -Center for Development Research-,Bonn
                                    "Risk Management and Health Insurance - Empirical Evidence from Differenc
                                    Countries"
                                    Pramila Krishman - Cambridge University

" Risk Sharing and Public Transfers"
Jan Willem Gunning - Free University of Amsterdam-

" Convergence, Shocks and Poverty: Micro Evidence on Growth under Uncertainty"
Stefan Dercon -Oxford University- "

"Growth and Shocks in Village Economies after Econmic Reform"

1500-1700 Contributed Papers IX

Session IXA: International Trade
            "When Does Trade Hurt? Market, Transition and Development Economies"*
            Kala Krishna, Cemile Yavas
            "Traders, Courts and the Home Bias Puzzle"
            Alessandro Turrini, Tanguy van Ypersele
            "A Note on the Balassa Index of Revealed Comparative Advantage"
            Luca De Benedictis, Massimo Tamberi
            "Estimation of the J-Curve in China"
            Jaleel Ahmad, Jing Yang

Session IXB: European Union
            "FDI, Innovation and Catching Up: The Case of European Intermediate Countries"
            Isabel Salavisa
            "Demand- and Supply-Driven Externalities in OECD Countries: A Dynamic Panel
            Approach"
            Salvador Barrios, Federico Trionfetti
            "Mark-ups, Economies of Scale and the Role of Knowledge Spillovers in OECD Industries"
            Nicola Brandt
            "Spillover Effects of Fiscal Policy in EMU: A Misconception behind the Stability Pact"
            Florence Huart

Session IXC: Foreign Direct Investment
            "Are Foreign Firms More Technologically Intensive? UK Establishment Evidence
            from the ARD"
            Nigel Driffield, Karl Taylor
            "A Simple Model on Foreign Direct Investment in the Developing Countries"
            Siuli Jana
            "The Role of Foreign Direct Investment and the Regulation of Multinational Corporations in
           Economic Development of the Third World with Special Reference to India"
             Ajay Kumar
            "Foreign Direct Investment, Externalities and Economic Growth in Developing Countries:
          Some Empirical Explorations"
            Nagesh Kumar, Jaya Prakash Pradhan

Session IXD: Policy Issues
            "Inflation and the Real Effects of Monetary Policy"
            M. Huchet-Bourdon
            "Non-Uniqueness in the First Generation Balance of Payments Crisis Models"
            Partha Sen
            "Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-Based
            Stablizations"
            Ariel T. Burstein, João C. Neves, Sergio Rebelo

Session IXE: Theory
            "Optimization of Depreciation Policy for Investment Stimulation"
            Vadim Arkin, Alexander Slastnikov
            "Public and Private Investment Under Uncertainty"
            Bruno Cruz, Aude Pommeret
            "Endogenous Growth in an Open Economy and the Real Exchange Rate"
            Daniela Federici, Giancarlo Gandolfo
            "The Consequences of an Endogenous Discounting Depending on Environmental Quality"
            A. Ayong Le Kama, K. Schubert

Session IXF: Modernization
            "Urbanization and Growth"
            Luisito Bertinelli, Duncan Black
            "Structural Reform Process in India: Myths and Realities"
            Arvind Awasthi, Roli Misra
            "An Analysis of the Municipalities' Revenue Distribution in the State of São Paulo"
            Carlos Antonio Luque, Vera Martins de Silva