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【Call for Paper】Recent Development in New Structural Economics



International Conference on

Recent Development in New Structural Economics and Finance

Ningbo, May 22-23, 2021


The Institute of New Structural Economics of Peking University, and the Ningbo Center for New Structural Economics of the University of Nottingham Ningbo China, will jointly host an international conference in collaboration with Elsevier’s Research in International Business and Finance on Saturday and Sunday, May 22–23 2021 in Ningbo, China.


The theme of the conference is “recent developments in new structural economics and finance,” emphasizing the overlap of financial systems with structural economics. New structural economics (NSE) is a theory of economic development, transition, and operation, proposed and championed by Professor Justin Yifu Lin and his cohort. NSE applies a neoclassical approach to the study of the determinants and impacts of economic structure and its evolution. NSE posits that economic structures, including the structure of technology and industry (determining labor productivity), and hard and soft infrastructure (determining transaction costs), are endogenous to an economy’s dynamic endowment structure. NSE maintains that developing countries and regions should develop industries that conform to their comparative advantages based on their respective factor endowments structures. Concomitantly, an effective market is required for enterprises to spontaneously gravitate to technology and industries appropriate to comparative advantage, with a facilitating state essential for ensuring hard and soft infrastures are correspondingly upgraded.


All theoretical and empirical studies related to recent developments in new structural economics, and to the overlap of new structural economics and finance are welcome, including but not limited to:


· Economic growth and development

· Financial structure and development

· Political economy and corporate finance

· Industrial and innovation policies

· Internation trade and investment

· COVID-19, NSE and finance


Conference presenters will be expected to discuss another paper at the conference. Papers accepted for the conference will be eligible to submit to a special issue on the conference theme of Research in International Business and Finance (SSCI, impact factor 1.801). For information regarding the Research in International Business and Finance submission process and editorial requirements, see:



Keynote speakers:


Justin Yifu Lin, Institute of New Structual Economics, Peking University


Vincenzo Quadrini, Marshall School of Business, University of Southern California


Guest editors:


Xiuping Hua, Ningbo Center for New Structural Economics, University of Nottngham Ningbo China


Wei Huang, Nottingham University Business School, University of Nottingham Ningbo China


Yong Wang, Institute of New Structual Economics, Peking University, China


Conference special plan:


Considering the impact of COVID-19 pandemic, whether the meeting will be held online or face-to-face depends on the progress of the pandemic. If it is face-to-face, University of Nottingham Ningbo will help non-local presenters book accommodation for their stay. For presenters outside of China, who do not wish to travel, a virtual session will also be included at the conference, regardless of whether the conference is held online or face-to-face. Registration is FREE and is restricted to the authors of accepted papers and invited guests. A limited number of seats are also available for PHD students from presenting authors’ institutions. For any issues related to the conference, please contact: Serena.liu@nottingham.edu.cn , Yuanjia.wang@nottingham.edu.cn and shaonama@nsd.pku.edu.cn.


All submissions will be evaluated by a review committee for selection to the conference. 


Timeline of the conference and Special Issue:


November 1st, 2020: Online submission opens for the conference


March 15th, 2021: Deadline for electronic submission of papers to the conference


March 31st, 2021: Notification of authors regarding acceptance to the conference


May 22nd–23rd , 2021: Conference at University of Nottingham Ningbo China or online


July 1st–July 31st, 2021: Submissions to Research in International Business and Finance


December 31st, 2021: Special Issue acceptance/rejection decisions expected.


2022: Publication of the special issue.




[1] “Endowment Stuctures, Industrial Dynmaics, and Economic Growth”, 2015, Jiandong Ju, Justin Yifu Lin, and Yong Wang, Journal of Monetary Economics 76: 244-263


[2] “Remodeling Structural Change”, 2019, Justin Yifu Lin and Yong Wang, Oxford Handbook of Structural Transformation, Oxford Unviersity Press.


[3] “Banking Structure and Industrial Growth: Evidence from China”, 2015, Justin Yifu Lin, Xifang Sun, and Harry X. Wu  Journal of Banking and Finance 58: 131-143


[4] “Endowment, Industrial Structure, and Appropraite Financial Structure: A New Structural Economics Perspective”, 2013, Justin Yifu Lin, Xifang Sun, and Ye Jiang, Journal of Economic Policy Reform 16(2): 109-122.