The 5th NSE Summer School Closed with Success
From July 10th to 14th, 2018, the Institute of New Structural Economics at Peking University (INSE) held the 5th New Structural Economics Summer School, which bring together 18 influential economists and researchers and in total 102 outstanding undergraduate and graduate students and young scholars from more than 20 countries in Langrun Garden, Peking University for a five-day intensive lectures and academic communication related to New Structure Economics. The 5th NSE Summer School consisted of ten keynote lectures, two sessions on think tank practices, and an one-day field trip to a special industrial town in Hebei Province.
Prof. Justin Yi Lin then gave a keynote speech on New Structural Economics and its Policy Application, and introduced the origin, theoretical framework, application and implication of New Structural Economics theory. He especially explained in detail the role of government and market and their relationship in promoting economic development and the industrial policies from the perspective of New Structural Economics.
Prof. Yuzhe Zhang, Associate Professor of Economics at Texas A&M University, presented a paper on Optimal Infant Industry Protection, which uses the market design and contract theory approach to analyze the necessity of protecting infant industry and identify the optimal protection measures for the infant industries.
Dr. Célestin Monga, Vice President and Chief Economist of Economic Governance and Knowledge Management of African Development Bank Group, give a lecture on New Structural Economics: How it Can Foster International Development. He shared with the participants his perception of the theory and practices of the traditional international development thinking and New Structural Economics and his belief that NSE is the theory that can effectively solve the economic problems of developing countries.
Prof. Xiaobo Zhang, Distinguished Chair Professor at National School of Development, Peking University, gave a speech on Cluster-based Development, where he presented his research on China’s rural industrialization and studies on cluster in developing countries including China, Egypt etc. and revealed the key elements for the success of rural industrialization.
Prof. Jiandong Ju, Unigroup Chair Professor at the PBC School of Finance, Tsinghua University, delivered a lecture on Dynamic Structural Analysis and New Geo-economics, and presented how to used mathematical model to decompose the conventional macroeconomic growth into structures and how to model structural dynamics of an economy.
Prof. Pengfei Wang, Professor of Economics at Hong Kong University of Science and Technology, gave a speech on Asset Bubble, where he introduced the indefinite duration model proposed by him, Prof. Jianjun Miao, Visiting Professor at INSE and Professor at Boston University proposed and Prof. Yi Wen, with two related papers accepted by American Economic Review and American Economic Journal: Macroeconomics.
Think Tank Sessions
On July 12th, in the Domestic Think Tank session, Dr. Xi Chen, Research Fellow and Chief Officer at INSE, first introduced the Domestic Think Tank and the case studies. Then, Dr. Qiuyun Zhao, Post-doctoral Research Fellow of INSE, gave a lecture on the application of New Structural Economics to county development and county development strategies in China. Dr. Hui li, Post-doctoral Research Fellow of INSE introduced the case study of crayfish industry from the perspective of NSE. In the end, Dr. Caihui Fu, Research Fellow at INSE shared with participants an in-depth perspective of the integrating NSE theory with practices.
Field Study to Wuqian Music Town
On July 13th, led by Prof. Yong Wang, Academic Deputy Dean of INSE, and Dr. Xi Chen, Research Fellow and Chief Officer of INSE, the Summer School participants conducted a field trip to Wuqiang, Hebei Province and visited a special industrial town producing western musical instruments in Zhouwo Villiage. The small village in Wuqiang county is located on a plain with no natural landscapes, resources nor historical sites. Yet since 2012, the local government has collaborated with and Beijing Lude Culture and Art Center and the China’s largest, the world’s second largest western music instrument producers Jinyin Group to build a special industrial cluster characterized by musical instrument manufacturing as well as cultures and recreational activities related to music. The small village has now become one of China's most artistic tourist site, and attracts more than 30 thousand tourists each year.
PhD Program Info Session and Interview
In the evening of July 12th, the faculty of INSE met with the domestic participating students to introduce and communicate with the potential PhD candidates for the academic year 2019 about the features of INSE PhD program. The students will go on interview for the PhD program on July 14th and 15th.
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