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第五届新结构经济学专题研讨会（冬令营）圆满结束

2019年12月15-18日，北京大学新结构经济学研究院成功举办第五届新结构经济学专题研讨会（冬令营）。新结构经济学冬令营是一年一度的新结构经济学学术思想盛宴，旨在全面展示新结构经济学理论体系，最新学术研究、政策实践和数据库建设的成果，集结海内外的著名经济学家和优秀青年学者共同交流、拓展新结构经济学，深化新结构经济学研究。

冬令营

第六届新结构经济学国际研讨会圆满结束

8月9-11日，为期三天的第六届新结构经济学国际会议在朗润园成功举行。本次会议主题为“经济发展和发展经济学：过去70年的经验”，包括“中等收入陷阱”、“中国宏观发展”、“技术和收入分配”、“政府在经济发展中的作用”、“金融与发展”五个专题会和围绕“主流发展理论和政策过去、现在与未来发展”主题的两场圆桌讨论会，吸引来自国内外高校的40多位学者参会。

国际会议

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从“新”出发，逐梦山海｜北京大学新结构经济学研究院举办第一届学生毕业庆祝活动

盛夏七月，骊歌奏响。北京大学新结构经济学研究院第一届毕业生即将踏上新的征程。值此毕业之际，新结构院于7月6日-7日举办了第一届学生毕业庆祝活动，新结构院第一届毕业生及全体教师参加。

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09/25:Does Bank FDI Promote Firm FDI? Evidence from China's Outbound Multinational Activity
地点：359s, Overseas Exchange Center, Peking University
演讲人：Tomoo Kikuchi

We investigate the relationship between bank FDI and manufacturing firm FDI using a detailed firm-level dataset on outbound multinational activity from China that was contemporaneous with the global expansion of China's Big-5 banks. Adopting an event study approach that exploits information on years of entry across potential host countries, we find that the establishment of a Big-5 bank subsidiary or branch is associated with a significant increase in subsequent years in Chinese firms' likelihood to establish an overseas subsidiary in that host country. We present tests - including an instrumental variables strategy - that build a case that the relationship from China's bank FDI to firm FDI is causal in nature. We discuss supporting evidence to show that China's bank presence abroad serves to facilitate the financing needs of Chinese firms' overseas subsidiaries. The findings speak to a nexus between the internationalization of a country's banks and the ability of that country's firms to engage in multinational activity abroad.

09/22:Competition for College Admissions, Human Capital Investment, and Intergenerational Mobility
地点：359s, Overseas Exchange Center, Peking University
演讲人：Lichen Zhang

College is often considered as an engine of intergenerational mobility of socioeconomic status. Yet whether children from disadvantaged backgrounds are able to move up the economic ladder through college largely depends on the college selection process, which has key implications for both inequality of outcomes and inequality of opportunities.

This paper studies the impacts of various college admission policies, specifically ability-based vs. tuition-based, on sources of lifetime inequality and intergenerational mobility where households compete against each other for limited college seats. To do so, we develop a heterogeneous-agent life-cycle model with endogenous human capital formation, where parents invest in child’s human capital for multiple periods. The college admission stage links three key dimensions of early childhood development—(1) child innate ability, (2) parental investment, and (3) family transfers for tuition—to adult labor market outcomes, as workers with college degrees enjoy higher returns to human capital and wage growth paths over their life cycle.

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