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| 08:30-09:00 |
Registration |
| 09:00-10:30
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Session 1 (organized by Korea Development Institute): Korea
and the World Economy
Moderator: Moon Joong Cha (Korea Development Institute)
Trade, Investment and Economic Integration between South Korea and
China
Joon-Kyung Kim (Korea Development Institute)
Yangseon Kim (University of Hawaii, USA)
Chung H. Lee (University of Hawaii, USA)
Discussant: Insoo Kang (Sookmyung University, Korea)
Foreign Labor Inflows and Its Consequences in Korea
Chin Hee Hahn (Korea Development Institute)
Yong Seok Choi (Kyunghee University, Korea)
Discussant: Dae-il Kim (Seoul National University, Korea)
The Economic Impact of Outbound FDI and Trade: The Case of Korea
Siwook Lee (Korea Development Institute)
Sanghoon Ahn (Korea Development Institute)
D. Lee (Korea Development Institute)
Cheonsik Woo (Korea Development Institute)
Discussant: Yong-Seok Choi (Kyunghee University, Korea)
Session 2: Public Finance I
Moderator: Dong-Kun Kim (Seoul National University, Korea)
Fiscal Impacts of Taxation on Pension in Aging Korea
Young Jun Chun (University of Incheon, Korea)
Discussant: Chul-In Lee (Konkuk University, Korea)
Trends in Intergenerational Income Mobility
Chul-In Lee (Konkuk University, Korea)
Gary Solon (University of Michigan and NBER, USA)
Discussant: Young Jun Chun (University of Incheon, Korea)
Differences in Students’ Achievements in Mathematics among Korean Middle Schools
Jin-Yeong Kim (Konkuk University, Korea)
Discussant: Joyup Ahn (Korea Labor Institute)
Session 3: Regionalism I
Moderator: DoHoon Kim (Korea Institute for Industrial Economics and Trade, Korea)
New Regionalism: Overlapping Free Trade Areas
Jung Hur (National University of Singapore, Singapore)
Discussant: Byung-Kun Rhee (Pukyoung National University, Korea)
FTA and Income Convergence
Chan-Hyun Sohn (Yokohama National University and Korea Institute for International Economic Policy)
Discussant: Wooseok Ok (University of Incheon, Korea)
Deep Integration and Its Impacts on Nonmembers Hiro Lee (Kobe University, Japan)
Discussant: Kiyoun Sohn (University of Incheon, Korea)
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| 10:30-10:45 |
Coffee Break |
| 10:45-12:15
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Session 4: Korean Economy
Moderator: Hee Yhon Song (Asia Development Institute, Korea)
Sources of Economic Growth in South Korea: An Application of ARDL
Analysis in the Presence of Structural Breaks
Charles Harvey (University of Wollongong, Australia)
Mosayeb Pahlavani (University of Sistan and Baluchistan, Iran)
Discussant: Jungsoo Park (Sogang University, Korea)
Dynamics of Capital Structure: The Case of Korean Listed Manufacturing
Companies
Hyesung Kim (Seoul National University, Korea)
Almas Heshmati (Seoul National University, Korea)
Dany Aoun (Seoul National University, Korea)
Discussant: Frank Hsiao (University of Colorado, USA)
Session 5: International Finance
Moderator: Jai-Won Ryou (Konkuk University, Korea)
International Reserves: Precautionary versus Mercantalist Views, Theory
and Evidence
Joshua Aizenman (University of California, Santa Cruz, USA)
Jaewoo Lee (University of California, Santa Cruz, USA)
Discussant: Changkyu Choi (Myongji University, Korea)
How Do Capital Flows Affect International Reserve Holdings? Evidence
from Emerging and Advanced Economies
Woon Gyu Choi (International Monetary Fund)
Sunil Sharma (International Monetary Fund)
Maria Strmqvist (International Monetary Fund)
Discussant: Jaihyun Nahm (Kookmin University, Korea)
Long-Term Dependence in the Foreign Exchange Markets: International
Evidence
Sang Hoon Kang (University of South Australia, Australia)
Discussant: Shini-ichi Fukuda (University of Tokyo, Japan)
Session 6 (organized by Bank of Korea): Issues in the Korean
Economy
Moderator: Junggun Oh (Bank of Korea)
Asset Prices and Monetary Liquidity in Korea
Kyuil Chung (Bank of Korea)
Discussant: Joon-Mo Yang (Yonsei University, Korea)
Why Did the Demand for Cash Decrease Recently in Korea?
Byoung Hark Yoo (Bank of Korea)
Discussant: Chung-Eun Lee(Hallym University, Korea)
The Shift to the Service economy: Causes and Effects
Hyun-Jeong Kim (Bank of Korea)
Discussant: Bongchan Ha (Korea Institute for Industrial Economics and
Trade) |
| 12:15-13:45 |
Lunch |
| 13:45-14:15 |
Welcome and Best Paper Award Ceremonies
Moderator: Euysung Kim (Yonsei University, Korea)
Remarks by Hosts
Sung Tae Ro (President, Association of the Korean Economic Studies)
Jung Taik Hyun (President, Korea Development Institute)
Manwoo Lee (Director, KU Institute of Economic Research)
Kar-yiu Wong (Director, Research Center for International Economics) |
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2006 Best Paper of The Journal of the Korean Economy
Joshua Aizenman (University of California, Santa Cruz, USA)
“Ex-ante Carrots Instead of Ex-post Sticks: Two Examples,” Journal of
the Korean Economy, Volume 6, No. 2, pp 1-29. |
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Welcome Speech
Yoon-Dae Yuh (President, Korea University) |
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| 14:15-14:45 |
Keynote Speech
Moderator: Hyun-Hoon Lee (Kangwon National University, Korea)
Prizes for Basic Research Human Capital, Economic Might and the
Shadow of History
Joshua Aizenman (University of California, Santa Cruz, USA) |
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| 14:45-16:15 |
Session 7 (organized by Trade Research Institute): Korean Firms and Trade
Moderator: Oh-Seok Hyun (President, Trade Research Institute, Korea)
Effects of Economic Policy Change and Global Shocks on Korea’s Trade and Growth
Tran Van Hoa (Victoria University, Australia)
Discussant: Moonsung Kang (Korea University, Korea)
Strategic Foreign Investments of South Korean Multinationals Sung Jin Kang (Korea University)
Hongshik Lee (Korea Institute for International Economic Policy)
Discussant: Young-Han Kim (Sungkyunkwan University, Korea )
Are Korean Firms Doing Well? Evidence from Shandong Province in China Kazunobu Hayakawa (Keio University, Japan)
Zheng Ji (Keio University, Japan)
Fukunari Kimura (Keio University, Japan)
Discussant: Si Joong Kim (Sogang University, Korea)
Session 8: Labor and Income
Moderator: Tadashi Inoue (Hiroshima Shudo University, Japan)
Linking Job Openings to Replacement Demand for Labor in Korea Jong Won Lee (Sungkyunkwan University, Korea)
Sang Don Lee (Korea Research Institute for Vocational Education & Training, Korea)
Soo Jeoung Sohn (Science & Technology Policy Institute, Korea)
Discussant: Jaeho Keum (Korea Labor Institute)
Structural Changes in Income Elasticities of Korean Sectorial Exports: Reflections of Asia-Pacific Rregions’ Industrial Structure Changes Woosung Lee (Science and Technology Policy Institute, Korea)
Discussant: Hyeon-seung Huh (Yonsei University, Korea)
Session 9: Korea and FTAs
Moderator: Chang Jae Lee (Korea Institute for International Economic
Policy)
Is the ASEAN-Korea Free Trade Area (AKFTA) an Optimal Free Trade
Area?
Donghyun Park (Nanyang Technological University, Singapore)
Discussant: Jongkyou Jeon (Kyung Hee University, Korea)
A Study on Economic Impact of Korea-the U.S. FTA: A Dynamic CGE
Approach
Jong-Hwan Ko (Pukyong National University, Korea)
Discussant: Backhoon Song (Korea Institute for International Economic
Policy)
The Impact of the Chinese Renminbi on the Exports of Korea and Japan to
the U.S.
SangJoon Baak (Waseda University, Japan)
Discussant: Dick Beason (University of Alberta, Canada) |
| 16:15-16:30 |
Coffee Break |
| 16:30-18:00 |
Session 10: Regionalism II
Moderator: Ryuhei Wakasugi (Keio University, Japan)
New Trading Arrangements in the Asia Pacific Region: Convergence or
Divergence?
Robert Scollay (University of Auckland, New Zealand)
Discussant: Chan-Hyun Sohn (Yokohama National University, Japan and Korea Institute for International Economic Policy)
Korea's FTA Policy Configuration
Young Bae Park (Dong-Eui University, Korea)
Sang Bok Moon (Australian National University, Australia)
Discussant: Fukunari Kimura (Keio University, Japan)
East Asian Regional Trade Agreements Promoting Global Free Trade
Innwon Park (Korea University)
Discussant: Tran Van Hoa (Victoria University, Australia)
Session 11: Investment and Investors in East Asia
Moderator: Elias Sanidas (University of Wollongong, Australia)
What Drives Foreign Investment in Southeast Asia? A Dynamic Panel
Approach
Tobias S. Blattner (European Central Bank)
Discussant: Jong-Hwan Ko (Pukyung National University, Korea)
The Core-AMU Denominated Asian Bonds for Local Investors in East Asia
Eiji Ogawa (Hitotsubashi University, Japan)
Junko Shimizu (Meikai University, Japan)
Discussant: Doo Yong Yang (Korea Institute for International Economic
Policy)
FDI, Exports, and Growth in East and Southeast Asia . Evidence from
Time-Series and Panel Data Causality Analyses
Frank S.T. Hsiao (University of Colorado, USA)
Mei-Chu W. Hsiao (University of Colorado, USA)
Discussant: Beom Cheol Cin (Kyonggi University, Korea)
Session 12: Selected Economic Issues I
Moderator: Young-Kwang Lee (Kyonggi University, Korea)
Dynamic Patterns of Trade Imbalance with Recursive Preference
Tadashi Inoue (Hiroshima Shudo University, Japan)
Discussant: Guangsug Han (KERI, Korea)
The Co-movement of Inflation and the Real Growth of Output
Jae-Ho Yoon (POSCO Research Institute, Korea)
Discussant: Young Wook Han (Hallym University, Korea)
Instrumental Variables Simulation of a Flexible Nonlinear Model
Jae-Ho Yoon (POSCO Research Institute, Korea)
Young-Wan Goo (Korea National Defense University, Korea)
Discussant: Mei-Chu W. Hsiao (University of Colorado, USA) |
| 18:15-20:00 |
Dinner Speech |
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| 09:00-10:30 |
Session 13: Public Finance II
Moderator: Joosung Jun (Ewha Women’s University, Korea)
Implications of the Debt Crisis and Failure of Fiscal Policy in Japan for
Korea and the Asian Trading Area
Dick Beason (University of Alberta, Canada)
R. Todd Smith (University of Alberta, Canada)
Discussant: Daechang Kang(National Assembly Budget Office, Korea)
Incentive Mechanisms for International Public Goods under Productivity
Uncertainty
Jin Kim (Korea Institute of Public Finance)
Seung-jin Shim (Kyungpook National University)
Discussant: Biung-Ghi Ju (Korea University)
A Policy Simulation Analysis on Parts and Material Industry in Korea Using
A Computable General Equilibrium Model
Sung Tai Kim (Cheongju University, Korea)
Gyeong Lyeob Cho (Korean Economic Research Institute)
Discussant: Hakuyu (Hiro) Lee (Kobe University, Japan)
Session 14: Direct Investment and Tariffs
Moderator: Kangchun Lee (Dongwoo Capital, Inc., Korea)
Welfare Enhancing Direct Investment
Masao Oda (Kansai University, Japan)
Koji Shimomura (Kobe University, Japan)
Ryuhei Wakasugi (Keio University, Japan)
Discussant: Tobias S. Blattner (European Central Bank)
Imports, Exports and Total Factor Productivity for Korea
Sangho Kim (Honam University, Korea)
Hyunjoon Lim (Rochester University, USA)
Discussant: Ryuhei Wakasugi (Keio University, Japan)
The Dynamic Structure of Optimal Tariff on Timber Imported: A Differential
Game Approach
Dug Man Lee (Kon Kuk University, Korea)
Discussant: Jung Hur (National University of Singapore)
Session 15: Selected Economic Issues II
Moderator: Insill Yi (National Assembly Budget Office, Korea)
Determinants of TOEFL Score - A Comparison of Linguistic and Economic
Factors
Hyun-Hoon Lee (Kangwon National University, Korea)
Myung-Hee Kim (Hanyang University, Korea)
Discussant: Joshua Aizenman (University of California, Santa Cruz, USA)
Globalization, R&D Policy and Endogenous Choice of Technology
Laixun Zhao (Kobe University, Japan)
Discussant: Yong-Jin Kim (Ajou University, Korea)
The Role of Information Costs in the Political Effectiveness of the Interest
Group
Wongun Song (National Assembly Budget Office, Korea)
Discussant: :Illtae Ahn (Chungang University, Korea) |
| 10:30-10:45
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Coffee Break
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| 10:45-12:15 |
Session 16 (organized by Korea Institute of Finance): Issues in
East Asia
Moderator: Chung Mo Koo (Kangwon National University, Korea)
Korea-USA FTA : What will matter in Financial Service Sector
Yong Sang Shyn (Korea Institute of Finance)
Discussant: Taekyu Lee (Korea Economic Research Institute)
The Openness of the US Financial System and the Korea-US TFA
Joonkyung Ha (Korea Institute of Finance)
Discussant: Chong Gak Shin (Korea Deposit Insurance Corporation)
Comparative Advantage of Services and Manufacturing Industries of Korea,
China and Japan, and Implication of its FTA Policy
Chang In Yoon (Korea Institute for International Economic Policy)
Kiheung Kim (Kyonggi University, Korea)
Discussant: Sang-gil Park (Korea University)
Session 17: Exchange Rate Regime
Moderator: Yunjong Wang (SK Telecom Research Institute, Korea)
Post-crisis Exchange Rate Regimes in ASEAN: A New Empirical Test Based
on Intra-daily Data
Shin-ichi Fukuda (University of Tokyo, Japan)
Sanae Ohno (University of Tokyo, Japan)
Discussant: Kwanho Shin (Korea University)
Trade Openness, Real Exchange Rates, and the Exchange Rate Regime
Choice
Geun Mee Ahn (Kwangwoon University, Korea)
Chung-Han Kim (Kwangwoon University, Korea)
Discussant: Seok-Dong Wang (Hankook University of Foreign Studies,
Korea )
Markups and Euro
David Cook (Hong Kong University of Science and Technology, China)
Discussant: Woon Gyu Choi (International Monetary Fund)
Session 18: Korea and the Asian Economies
Moderator: Sung Tai Kim (Cheongju University, Korea)
Global Imbalances and Policy Options
Junggun Oh (Bank of Korea)
Discussant: Masao Oda (Kansai University)
The Long Term Fate of Korea and Other “Small” Economies in East Asia:
Economic Development, Integration Issues, and Political Power
Elias Sanidas (University of Wollongong, Australia)
Discussant: Jaerang Lee (Bank of Korea)
Innovations and Economic Growth in a Fast Changing Global Economy:
Comparative Experience of South East Asia
Lakhwinder Singh (Punjabi University, India)
Discussant: Won Soon Kwon (Hankuk University of Foreign Studies,
Korea) |
| 12:15-13:30
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Lunch
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| 13:30-15:00 |
Plenary Session: The Korean Economy and FTAs
Moderator: Sung Tae Ro (Korea Economic Research Institute)
Panelists:
Joshua Aizenman (University of California, Santa Cruz, USA)
Charles Harvie (University of Wollongong, Australia)
Fukunari Kimura (Keio University, Japan)
Chung H. Lee (University of Hawaii, USA)
Jong Won Lee (Sungkyunkwan University, Korea)
Robert Scollay (University of Auckland, New Zealand)
Kar-yiu Wong (Research Center for International Economics, USA) |
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| 15:00-15:30 |
Closing Session |
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