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Conference on Institutions, Institutional Analysis, and China’s Economic Transformation

November 23, 2015 @ 9:00 am - 6:00 pm

Jointly Organized by
Ronald Coase Centre for Property Rights Research
The University of Hong Kong
And
Ronald Coase Center for the Study of the Economy
Zhejiang University

China’s economic transformation presents a striking dilemma for new institutional economics. On the one hand, the extraordinary growth record China has achieved ever since the start of economic reform and opening-up in the late 1970s has provided strongest possible testimony to institutions as a fundamental cause of economic growth and economic change. On the other hand, the economic rise of China has been accompanied by notoriously weak institutions, from property rights protection to contract enforcement, from the financial system to the rule of law. At this mini-conference, scholars from North America, Japan, Mainland China, Taiwan and Hong Kong will present original research papers to explore the institutional foundations of China’s market transformation. Papers will be divided into four groups, namely the political economy of China’s market transformation, the slowing down economy, the industrial structure of production, and the institutions of land and urbanization.

Programme Rundown

9:00 – 09:15 Introduction and Welcome

KW CHAU, Ronald Coase Centre for Property Rights Research, The University of Hong Kong

9:15 – 10:30 First session: The political economy of China’s market transformation

Say GOO, Department of Law and Ronald Coase Centre for Property Rights Research, The University of Hong Kong: Chair

James DORN, Cato Institute: China’s challenge: Expanding the market, limiting the state

Ning WANG, Ronald Coase Institute and Ronald Coase Center for the Study of the Economy at Zhejiang University: China’s market transformation and classical liberalism

11:00 – 12:30 Second session: The slowing down economy

Lee BENHAM, Ronald Coase Institute: Chair

Chenggang XU, School of Economics and Finance and Ronald Coase Centre for Property Rights Research,, The University of Hong Kong: Old problem with new syndrome: China’s slowing down and instability

2:00 – 3:30 Third session: The industrial structure of production

KC WONG, Ronald Coase Centre for Property Rights Research, The University of Hong Kong: Chair

Mariko WATANABE, Department of Management, Gakushuin University: Identifying competition neutrality of SOEs in China

DING Ke, Institute of Developing Economies, Japan External Trade Organization: The role of personal exchange in China’s market transformation: a case study of Wenzhou merchants

CHU Chih-Ning, Department of Business Administration, Chung Yuan Christian University: The Third Law of Demand: An Empirical Test

4:00 – 5:30 Fourth session: Institutions of land and urbanization

Chris WEBSTER, HKUrban Lab and Ronald Coase Centre for Property Rights Research, The University of Hong Kong: Chair

Geng XIAO, Fung Global Institute: China’s evolving growth model: The Foshan Story

LU Qian, School of Economics, Central University of Finance and Economics: Contractual City

KW ChauRonald Coase Centre for Property Rights Research, The University of Hong Kong: A property rights analysis of subsidized homeownership: problems and solutions

5:30 – 5:40 Closing

Chris WEBSTER, HKUrban Lab and Ronald Coase Centre for Property Rights Research, The University of Hong Kong

Hosted By

Supported by:

Details

Date:
November 23, 2015
Time:
9:00 am - 6:00 pm

Location

KB526, Knowles Building, HKU
Hong Kong