At the Finance in Common Summit (FiCS) held by Cassa Depositi e Prestiti (CDP) on October 19-20, the first global database on public development banks (PDBs) and development financing institutions (DFIs) was successfully launched by the Institute of New Structural Economics (INSE) at Peking University and French Development Agency (AFD).
The Institute of New Structural Economics at Peking University (INSE) hosted the Fifth Symposium (Winter Camp) on New Structural Economics (NSE) from December 15 to 18, 2019 in Beijing. Inaugurated in 2015, the annual symposium demonstrates the theoretical framework, latest research and database construction outcome, and future research prospects of NSE. This 5th edition of the symposium brings together well-known economists and young researchers at home and abroad to discuss issues related to NSE to deepen NSE research.
The Tenth International Annual Workshop on New Structural Economics (NSE) was successfully held in Peking University on December 18 to 19, 2023. The Workshop, hosted by the Institute of New Structural Economics (INSE) at Peking University, brought together worldwide scholars to exchange research ideas and findings on four main subjects including “Trade & Knowledge Diffusion”, “Macroeconomics”, “Growth & Development” and “Equity & Inclusion”.
The Chinese economy will grow beyond 5 percent this year if the government adopts more proactive fiscal and monetary expansion to stimulate domestic investment and consumption, said Justin Yifu Lin, dean of Peking University's Institute of New Structural Economics.
It is wrong to feel pessimistic about the impact of aging in China because economic growth can be driven not only by the expansion of the labor force but also by continuous technological innovation and industrial upgrading, a senior economist said.
"As China's economy expands, the share of services will increase to 80% and the share of domestic demand will gradually approach 90%". Justin Yifu Lin, Dean of the Institute of New Structural Economics at Peking University in China, said in a lecture at the 18th International Conference of the East Asian Economic Association (EAEA) at Seoul National University in Gwanak-gu, Seoul, on Nov. 21, and in an exclusive interview with Maeil Business afterward. Professor Lin is an economist who served as the Senior Vice President of the World Bank and is also an economic adviser to the Chinese government. He obtained his master's degree in Political Economics from Peking University and his Ph.D in Economics from the University of Chicago.
On October 12, 2023, the Institute of New Structural Economics at Peking University (INSE) hosted the 40th NSE International Development Forum to launch the report titled "A Study on the Effectiveness of China's Sovereign Financing in Africa". The event brought together over 46 individuals, including government officials, ambassadors, economic experts, scholars, and both international and domestic journalists. The purpose was to officially release the report and engage in discussions on topics related to Chinese lending in Africa, which was moderated by Dr. Yu Jia, the director of the Department of International Development Cooperation, INSE.
We study innovation and diffusion of technology at the industry level. We derive an industry's evolution, from birth to its maturity, and we characterize how diffusion affects the incentive to innovate. The model implies that protection of innovators should be only partial due to the matching externality in the meetings in which idea transfers take place. The model also shows that enhancing idea diffusion is socially beneficial and can generate industry overtaking patterns endogenously. We fit the model to the early experiences of the U.S. automobile and personal computer industries and quantify the theoretical predictions.
We examine how to interpret estimates from a commonly used migration regression relating changes in local population to exogenous local labor demand shocks. Using a simple model of local labor markets with mobility costs, we find that most conclusions drawn from migration regression estimates are likely to be substantially misleading. Intuitively, the conventional migration regression is misspecified due to the bilateral nature of location choices. Workers choose where to live based not only on the shock to their current location, but also on the shocks to potential alternative locations, which are omitted from the regression. Analytical results and simulations based on Brazilian data show that conventional migration regression estimates are inaccurate for the local population effects of either shocks to individual locations or all observed shocks taken together and often substantially understate the amount of worker reallocation driven by observed shocks. These problems are particularly acute when workers face industry switching costs in addition to geographic mobility costs. Simple alternative approaches leveraging the model’s structure exhibit far better performance.
The 10th International Workshop onNew Structural Economics
Dec. 18-19, 2023
Host: Institute of New Structural Economics, Peking University
Venue: Moonlight Hall, Overseas Exchange Center, Peking University
Teams ID: 474 336 065 494
As part of the South-South Global Thinkers Initiative, the Department of International Development Cooperation of the Institute of New Structural Economics (INSE) at Peking University received a research grant from UNOSSC/UNDP in 2021 and the resulting report titled “Cooperation on Technology and Digital Transformation through the Establishment of Science and Technology Parks under the Belt and Road Initiative” will be launched officially on September 13th (20:30 – 21:45 Beijing Time) at the 2022 Global South-South Development EXPO.
China, the world's second largest economy, is making strides towards building a modern civilization. What's the difference between Chinese and Western paths to modernization? How do economists perceive China's development model? What are the implications of China's modernization experiences to the global economy?
The global economy is facing three overlapping crises: the climate crisis, as shown by extreme weather disasters, Russia’s war in Ukraine, which has caused energy and food prices to skyrocket, and capital flight from emerging markets and developing countries, which refers to the rapid outflow of US dollar reserves from a country and which has exacerbated sovereign debt distress in some of these countries.
Although tensions remained high between China and the U.S. for most of 2021, things improved in November last year with a virtual meeting between top leaders. How should the two countries work together to address common challenges such as the coronavirus, inflation, and climate change, and prevent competition from veering into conflict?