NATIONAL BUREAU OF ECONOMIC RESEARCH



Conference on the Chinese Economy



October 1, 2004



Shang-Jin Wei, Organizer



NBER

2nd Floor Conference Room

1050 Massachusetts Avenue

Cambridge, Massachusetts



PROGRAM





THURSDAY, SEPTEMBER 30:



7:30 PM Group Dinner

Davio's at the Royal Sonesta Hotel





FRIDAY, OCTOBER 1:



8:00 AM Continental Breakfast



8:45 AM Opening Remarks: MARTIN FELDSTEIN, Harvard University and NBER



9:00 AM PETER SCHOTT, Yale University and NBER

The Relative Sophistication of Chinese Exports



Discussant: WOLFGANG KELLER, University of Texas and NBER



9:55 AM Coffee Break



10:10 AM DWAYNE BENJAMIN and LOREN BRANDT, University of Toronto

JOHN GILES, Michigan State University

The Dynamics of Inequality and Growth in Rural China:

Does Higher Inequality Impede Growth?



Discussant: ALBERT PARK, University of Michigan



11:05 AM WOLFGANG KELLER, University of Texas and NBER

CAROL SHIUE, University of Texas

Market Integration and Economic Development:

A Long-Run Comparison



Discussant: MICHAEL BORDO, Rutgers University and NBER



12:00 PM Lunch



12:45 PM Panel Discussion: The Chinese Exchange Rate Regime



JEFFREY FRANKEL, Harvard University and NBER

On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate



PETER GARBER, Deutsche Bank and NBER

YINGYI QIAN, UC, Berkeley



1:55 PM JIANPING MEI, New York University

JOSE SCHEINKMAN and WEI XIONG, Princeton University

Speculative Trading and Stock Prices:

An Analysis of Chinese A-B Share Premia



Discussant: ZHIWU CHEN, Yale University



2:50 PM Coffee Break



3:10 PM ROGER GORDON, UC, San Diego and NBER

WEI LI, University of Virginia

Tax Structures in Developing Countries: Many Puzzles and a Possible Explanation



Discussant: ESWAR PRASAD, IMF



4:05 PM YASHENG HUANG, MIT

Ownership Biases and FDI in China:

Evidence from Two Provinces



Discussant: GARY JEFFERSON, Brandeis University



5:00 PM Adjourn









9/21/04