CONGRESS PROGRAMME


Wednesday,
June 25 , 2008
Thursday,
June 26, 2008
Friday,
June 27, 2008
Saturday,
June 28, 2008
Sunday,
June 29, 2008




Day 1: Wednesday, June 25 , 2008

Hour

Hall

Session

Speaker

08:00-9:30

Main Entrance

Registration

9:30-10:45

Anadolu

Welcome and Opening Session

Ercan UYGUR, President of the Turkish Economic Association

Guillermo CALVO, President of the International Economic Association

Abdullah GÜL, President of the Republic of Turkey

10:45-11:00

Coffee Break

11:00-12:00

Anadolu

Keynote Lecture: "Learning from
Recent Financial Turmoil"

Guillermo CALVO, Columbia University

12:00-12:15

Break

12:15-12:45

Anadolu

"Global Challenges and Local Response:
Monetary Policy in Turkey"

Durmuş YILMAZ, Governor of Central Bank
of The Republic of Turkey

13:00-14:30

Lunch

14:30-15:30

Anadolu

Keynote Lecture: "
One Economics, Many Recipes"

Dani RODRIK, Harvard University

15:30-16:00

Coffee Break

16:00-18:00

Topkapı

Invited Session

 

Today’s Current Account Balances: Should We Worry?

Organizer and Chairperson; Sara Guerschanik Calvo,
Columbia University

A Cautionary Note on the Current Account Deficits in Transition Countries

Fabrizio Coricelli, University of Siena, EBRD, CEPR

All that Glitters may not be Gold: Assessing Latin America Macroeconomic Performance

Alejandro Izquierdo, Inter-American
Development Bank,  Ernesto Talvi,CERES

Vulnerabilities in Central and Southeastern Europe-How Much Cause for Concern?"

Piritta Sorsa, IMF

Discussant

Guillermo A. Calvo, Columbia University

Marmara

Invited Session

Global Economic Transformations of the 21st Century

Organizer; Lucy Badalian, Millennium Workshop Chairperson;
Ruslan S. Grinberg, Institute of Economics RAS

The Ongoing Technological Revolution and the  Related Transformation of the Global Economy

B. N. Kuzyk, Institute for Economic Strategies,
Yu.V.Yakovets,Sorokin – Kondratieff International Institute

New Theoretical Foundations of Mutually
Complementing Public/Private Partnership
Between the State and the Private Enterprise

Ruslan S. Grinberg, Institute of Economics RAS  
Alexander Rubinstein, Institute of Economics RAS

Possible Scenarios of International Relationships and Patterns of Russian Strategic Challenges

Alexander I. Ageev, Institute of Economic Strategies RAS

The Technological Shift at the Start of the
21st Century and Its Implications for Global
Economy and Finance

Lucy Badalian, Millennium Workshop                                                                            

Discussants

Victor Krivorotov, Millenium Workshop, 
Dmitry Chistilin, Dniepropetrovsk University

Dolmabahçe

A

Contributed Session 1- Exchange Rate & Growth

Foreign Debt and Fear of Floating: A Theoretical Explanation

F.Gülçin Özkan, Michael Bleaney

Oil Exports, Non Oil GDP and Investment in the GCC Countries

Nasri Harb

Exchange Rate Valuation, Capital Accumulation, and Growth

Anton Korinek

Feedbacks Between Capital Flows and Growth,
Interest and Real Exchange Rate in Turkey:
A Frequency Domain Approach

Nuri Yıldırım, Hüseyin Taştan

B

Contributed Session 2 – Finance & Development

Asymmetric Effects of Financial Development on
South-South and South-North Trade: Panel Data
Evidence from Emerging Markets

Fırat Demir,  Omar S. Dahi

In Search for Definition(s) of Financial Stability

Czeslaw Mesjasz, Wojciech Rogowski

Intergenerational Education Mobility Among the
Children of Canadian Immigrants

Abdurrahman Aydemir

Multiple Facets of the Dutch Disease -
A Comparative Note

Tanja Broz, Dinko Dubravcic

C

Contributed Session 3 - Environment

An Empirical Investigation into the Relationship
Between Fish Biodiversity and Profitability

Anita Chattopadhyay Gupta

CO2 Emissions of Turkish Manufacturing Industry:
A Decomposition Analysis

Elif Akbostancı, Serap Türüt-Aşık and Gül Ipek Tunç

Economic Growth, Enviromental Externalities and Sustainability of Well Being

Ratan Kumar Ghosal

Globalization, Deforestation and Global Warming

Somnath Hazra, Raj Kumar Sen

Sultan

1

Contributed Session 4 – Labour & Migration

Education, Unemployment and Migration

Volker Meier, Wolfgang Eggert and Tim Krieger

Why Doesn’t Labor Flow from Poor to Rich
Countries? Micro Evidence from the European
Integration Experience

Catia Batista

Do Migrants get Good Jobs in Australia? The Role
of Ethnic Networks in Job Search

P.N. Junankar,  Mahuteau Stéphane

International Spillover of Labor Market Reforms

Mai Dao

2

Contributed Session 5 – Finance & Capital Flows

Debt Denomination and Default Risk In Emergin g
Markets

İnci Gümüş

Optimal Reserve Composition in the Presence of
Sudden Stops: The Euro and the Dollar As Safe
Haven Currencies

Roland Beck, Ebrahim Rahbari

FDI Spillovers and The Role of Local Financial
Markets: Evidence From Mexico

Carolina Villegas Sanchez

3

Contributed Session 6 – Labour Markets

Incentives to Work: Labour Supply Effects of a
Cash-for-Care Subsidy for Non-Western Female Immigrants

Pål Schøne

Assessing Interactions between Education,
Social Insurance, and Labor Market Policies:
A General Equilibrium Application to Morocco

Mohamed Ali Marouani, David Robalino

Quotas in Education and Employment in the Global Perspective

Brishti Guha

Returns to Sociability

Frank Betz

Galata

Contributed Session 7 – Exchange Rates &
Currency Crises

Long Run Determinants of Real Exchange
Rates in Latin America

Jorge Carrera, Romain Restout

Persistent Gaps and Default Traps

Ana Fostel, Luis Catao and Sandeep Kapur

Balance Sheet Effects in Currency Crises:
Evidence From Brazil

Marcio Magalhães Janot, Márcio G.P. Garcia and
Walter Novaes

Financial Globalization, Convergence and Growth

Delfim Gomes Neto, Francisco José Veiga

19:30

Welcoming Reception

Day 2: Thursday, June 26, 2008

Hour

Hall

Session

Speaker

9:00-11:00

Topkapı

Invited Session

 

Financial Globalization with Imperfect Financial Markets

Organizer and Chairperson;
Enrique Mendoza, University
of Maryland

Financial Globalization and Real Exchange Rate Volatility

Michael Devereux, University of
British Columbia

Collateral Constraints and a Sudden Stop for the US:
the End of Global Imbalances?

Marcus Miller, University of Warwick

Precautionary Demand for Foreign Assets in Sudden 
Stop Economies: An Assessment of the New Mercantilism

Bora Durdu, Federal Reserve Board,
Enrique Mendoza, University of
Maryland and Marco Terrones, IMF

Financial Liberalization and International Business Cycles

Vincenzo Quandrini, University of Southern California

Marmara

Invited Session

Business Cycles in Emerging Markets

Organizer; Attila Ratfai, Central European University  Chairperson; Sumru Altuğ, Koç University

Regulating Capital Flows to Emerging Markets: An
Externality View

Anton Korinek, University of Maryland

Twin Peaks in Global Business Cycle Convergence

Ayhan Köse, Eswar Prasad, and 
Christopher Otrok, IMF

Facts of Business Cycles around the Globe

Attila Ratfai, Peter Benczur,  CEU

Real Business Cycles in Emerging Countries?

Martin Uribe, Javier Garcia-Cicco
and Roberto Pancrazi, Duke University

Dolmabahçe

A

Contributed Session 8 – Finance & Contagion

Macroeconomic Announcements and Market Volatility

Elvan Aktaş

Measuring Financial Asset Return and Volatility Spillovers, with Application to Global Equity Markets

Kamil Yılmaz, Francis Diebold

Contagion and Crises Clusters: Towards A Regional
Warning System?

Leila Ali, Yan Kestens

The Uncertainty Channel of Contagion

Friederike Koehler-Geib,
Prakash Kannan

B

Contributed Session 9 – Finance

Analysis of Sectoral Credit Default Cycle Dependency
With Wavelet Networks: Evidence From Turkey

Atilla Çifter, Sait Yılmazer and Elif Çifter

How Does FDI Really Affect Developing Countries’ Growth?

Dierk Herzer

Financial Integration and Fiscal Policy Efficiency in a Monetary Union

Irem Zeyneloğlu, Gilbert Koenig

Household Investment in Pension Funds: The Italian Experience

Andrea Tiseno and Monica Paiella

C

Contributed Session 10 – Reforms and Production

Productivity: The Impact of Privatisation
and Liberalisation in Public Services

Yılmaz Kılıçaslan, Ali Cevat Taşıran

International Spillovers of Domestic Reforms: The
Joint Application of The Lisbon Strategy in the EU

Hugo Rojas-Romagosa, Arjan Lejour

Profit Transfers of FDI from Selected Developing
Countries and Evidence from Turkey

Sevil Acar

Start-Ups by The Unemployed: Characteristics, Survival and Direct Employment Effects

Marco Caliendo, Alexander S. Kritikos

Sultan

1

Contributed Session 11 – Globalization

Is Globalisation Unique? A Critique From A
World-System Perspective

Nuno Valerio

Evolutionary Dynamics of Globalization

Naci Canpolat, Hüseyin Özel

Financial Globalization, Economic Growth and
Macroeconomic Volatility

Hernan Rincon

The Leader as Catalyst: On Leadership and the Politics of Institutional Change

Sharun Mukand, Sumon Majumdar

2

Contributed Session 12 – Capital Flows

External Shocks, Capital Controls and Banking Crises in Emerging Markets

Joseph P. Joyce, Margaret Settli

An Evaluation of Effects of Liberalization Policies
Implemented Often on Foreign Exchange Rate

Yaşar Uysal, Onur Akkaya

Capital Inflows to Developed Countries

Mehmet Caner, Steven Husted

Food and Oil Prices

Katsushi Imai, Raghav Gaiha
and Ganesh Thapa

3

Contributed Session 13 – Monetary Policy

Do Investors React to Corporate Governance News?
An Empirical Analysis for the Spanish Market

Natalia Utrero-Gonzalez,
Francisco J. Callado-Muñoz

Monetary Policy Credibility and Inflation Risk Premium:
A Model with Application to Brazilian Data

Alexandre Lowenkron,
Marcio G. P. Garcia

Monetary Transmission in an Emerging Targeter:
The Case of Brazil

Luis Catao, Douglas Laxton and
Adrian Pagan

Galata

Contributed Session 14 – Prices & Cycles

An Empirical Work for Analyzing the Relationship between
Stock Market Price Volatility, Concentrated Ownership,
and Corporate Governance:  The Case of Istanbul Stock Exchange

Hakan Kahyaoğlu,  Sezer Bozkuş

Trends in Tariff Reforms and Trends in the Structure of Wages

Sebastian Galiani, Guido Porto

Examining the Impact of Globalization on the
Disinflation Period of Turkey

Aytül Ganioğlu, Aslıhan Atabek

Volatility Cycles of Output and Inflation:
A Good Shock, Bad Shock Story

Szilard Benk, Max Gillman and
Michal Kejak

11:00-11:30

Coffee Break

11:30-13:00

Topkapı

Invited Session

 

The EU Economy and Turkey

Organizer and Chairperson;
Ercan Uygur, Ankara University

Policy Coordination in the EU
and EU-Turkish Relations

Fiorella Kostoris, University of Rome,
Free University

EMU After a Decade

Richard Portes,
London Business School,
CEPR

Marmara

Invited Session

Fiscal Policy:Theory and Evidence

Organizer; Carlos Vegh, University
of Maryland   Chairperson; Martin Uribe,
Duke University

Solving the Country Risk-Business Cycle Disconnect: 
Endogenous Output Dynamics in a Model of Sovereign Debt

Enrique Mendoza,  
University of Maryland,  
Vivian Yue, New York University

Fiscal Policy, the Trade Balance and the Real Exchange Rate:
Implications for International Risk Sharing

Tommaso Monacelli   Roberto Perotti,
Universida Bocconi

Procyclical Fiscal Policy in Developing Countries:
Truth or Fiction?

Ethan Ilzetzki, Carlos Vegh, University of Maryland

Discussant

Olivier Jeanne, IMF, Carmen
M. Reinhart, University of Maryland
and NBER,
Ugo Panizza, UNCTAD

Dolmabahçe

A

Contributed Session 15 – Industry & Resources

Foreign Ownership and Wages - Evidence from Turkish Panel Data

Çağatay Bircan

Growth in an Oil Abundant Economy: The Case of Venezuela

Betty Agnani, Amaia Iza

Resource Abundance, Political Corruption and Instability
of Democracy

Alexander Tonis, Victor Polterovich
and Vladimir Popov

B

Contributed Session 16 – Labour & Migration

Network Effects on Domestic Migration Flows Across Germany: A Spatial Autoregressive Perspective with
Spatially Structured Origin and Destination Effects and
heteroskedastic Innovations

Zimmer Markus

Scarring or Scaring? The Psychological Impact of Past
and Future Unemployment

Steffen Rätzel, Andreas Knabe

Temporary Migration, Skill Upgrading, and Legal
Status: Evidence From Mexican Migrants

Steffen Reinhold, Kevin E. Thom

C

Contributed Session 17 – International Trade & Employment

Skill Specific Unemployment with Imperfect Substitution of Skills

Runli Xie

The Effects of the Euro on the European Monetary Union,
the Turkish Economy and the Foreign Trade

Fatih Konur

Trade in Services: The Elasticity Approach for the Case
of Turkey

İdil Uz, Natalya Ketenci

Sultan

1

Contributed Session 18 – Finance, Industry & Labour

Adverse Selection Evidence from China’s
Automobile Insurance Market

Jun Wang, Feng Gao

Credibility of the CPI for Social Agreements: Is There
an Appropriate Aggregation Scheme?

Yoel Finkel, Victoria Roshal

Breaking the Child Labour Trap : The
Endogenous Effect of Public Intervention

Joydeb Sasmal

2

Contributed Session 19 – Monetary Policy

Asymmetric Effects of Monetary Policy in Brazil

Marcelo Savino Portugal,  
Edilean Kleber da Silva

Central Banks’ International Reserve Holdings:An
Empirical Analysis of the Effects of Currency Crises
and Economic Globalisation

Andreas Steiner

Panel Cointegration Analysis for Stock Exchange, Exchange Rates and Interest Rates:An Application to the European Union

Sadullah Çelik, Pınar Deniz

3

Contributed Session 20 – Education & Health

Left Behind: Intergenerational Mobility of Education and Health Status in the Midst of HIV

Mevlüde Akbulut-Yüksel, Belgi Turan

Pollution Intensity, Globalization, and the Composition of Manufacturing

Joel F. Bruneau

Shocks, Coping and Outcomes for Pakistan’s Poor: Health Risks Predominate

Rasmus Heltberg, Niels Lund

Galata

Contributed Session 21 – Poverty & Trade

Ethnic Tension, Instability and Trade: Case of Turkish
Exports to Iraq

Can Erbil, Ayla Oğuş

Counting and Multidimensional Poverty Measurement

Sabina Alkire, James Foster

Do Changes in the Labour Market Take Families out of
Poverty? Household and Aggregate Determinants in
Leaving Poverty in Brazilian Metropolitan Regions

Ana Flavia Machado, Rafael Perez Ribas

13:00-14:30

Lunch Break

14:30-15:30

Anadolu

Keynote Lecture: “Trade and Development in
Theory and History”

Ronald FINDLAY, Columbia University

15:30-16:00

Coffee Break

16:00-18:00

Topkapı

Invited Session

 

Imbalances and Adjustment Mechanisms

Organizer and Chairperson;
Andrés Neumeyer,
Universidad Torcuato Di Tella

A Quantitative Assessment of the Decline in the U.S.
Saving Rate and the Current Account Balance

Kaiji Cheny, Ayse Imrohoroglu and
Selahattin Imrohoroglu,
University of Southern California

On the Relevance of Exchange Rate Regimes for
Stabilization Policy

Bernardino Adao, Banco de Portugal, CEPR,
Isabel Correia Banco de Portugal and
Pedro Teles, Banco de Portugal, CEPR

Equilibrium Default

Hugo Hopenhayn, University of 
California,  
Ivan Werning,
Massachusetts Institute of Technology

Dolmabahçe

A

Contributed Session 22 – Capital Flows & Banking

Global Capital Flows, Foreign Financing and US Interest Rates

Ashok Bardhan, Dwight Jaffee

Globalization in Historical Perspective

Özlen H. Birol

Interest-Based Banking System vs. Interest-Free
Banking System: Case Turkey

Ali Soylu, İrfan Kalaycı

Exchange Rate Regimes and Fiscal Discipline:
The Role of Capital Controls

Guillermo Vuletin

B

Contributed Session 23 – Business Economics

Managerial Turnover and Performance in Outside Boards: Ownership Makes the Difference

Miguel  Garcia-Cestona,
Esteban Lafuente

Optimal Policy for FDI Incentives: An Auction
Theory Approach

Israel Luski, Mosi Rosenboim

Optimal Regulation of Competing Rating Agencies

Anno Stolper

Vertical FDI versus Outsourcing: The Role of
Technological Complexity and Absorptive Capacity

Arti Grover

C

Contributed Session 24 – International Finance

Financial Globalization and Stock Price Volatility:
A Rational Expectation Model

Saikat Bhattacharyya

Futures Markets, Commodity Prices and the
Intertemporal Approach to The Current Account

Elif C. Arbatlı

Dollar Borrowing in Emerging Markets: An
Underinsurance Puzzle

Anton Korinek

Business Cycle Synchronization in Monetary Unions

Alexandra Ferreira Lopes, Álvaro M. Pina

Sultan

1

Contributed Session 25 – Financial Economics

Modelling Risk Premia in the Foreign Exchange
Market: Evidence from Survey Data

Remzi Uçtum, Georges Prat

Nonlinearity and Persistence in PPP:
Does Controlling for Nonlinearity Solve the PPP Puzzle

Rehim Kılıç

Financial and Real Sectors Inflation Expectations in Turkey:
Evidence from Panel Data

Ece Oral, Hülya Saygılı, Mesut Saygılı
and Sibel Özge Tuncel

Financial Integration with Heterogeneous Home Financial Market Access

Juliana Dutra Araujo

2

Contributed Session 26 – Economic Thought

Hicksian Persuasions

Guglielmo Chiodi, Peter Edwards

On Economic Freedom

Simrit Kaur

What Has 100 Billion Dollars Worth of Debt Relief
Done For Low-Income Countries

Nicolas Depetris Chauvin, Aart Kraay

The Barriers to Entry on the Economic Thought

Ana Rosado Cubero

3

Contributed Session 27 – Migration & Labour Markets

Immigration Conflicts

Lex Zhao, Junko Doi

Migration and the EU Labour Market: Granger
Causality Tests on a Panel VAR

Subrata Ghatak, Tomoe Moore

Intergenerational Mobility of Immigrants in Germany: Moving with Natives or Stuck in their Neighborhoods?

Mutlu Yüksel

Squeezing Out The Marginalized? On the Effect of Loosing Unemployment Benefits for Non-Western Immigrants

Ines Hardoy

Galata

Contributed Session 28 – Globalization & FDI

 

Globalization, Technical Change and Income Distribution:
A Macro Approach

Piero Ferri

Global Liquidity Glut or Global Savings Glut? A Structural VAR Approach

Michael Fidora,  Thierry Bracke

Foreign Direct Investment and Host Country Policies:
A Rationale for Using Ownership Restrictions

Bilgehan Karabay

FDI in OECD: Separate Effects from Political and Fiscal
Vertical Decentralization

Margarita M. Kalamova

Day 3: Friday, June 27, 2008

Hour

Hall

Session

Speaker

9:00-11:00

Anadolu

Turkey: A Real Conversion Story”

Mehmet Şimşek, State Minister

 

Invited Session

Financial Globalization and Global Imbalances

Organizer and Chairperson;
İbrahim H. Çanakcı, Undersecretariat
of Treasury of Turkey

Risk Sharing, Finance and Institutions in International Portfolios

Jean Imbs, International Banking and Finance

Country Insurance: The Role of Domestic Policies

Paolo Mauro, IMF

Financial Globalisation and International Financial Instability

Richard Portes, London Business School and
CEPR

Financial Stability, the Trilemma, and International Reserves

Alan Taylor, University of California, Davis

Topkapı

Invited Session

Indian Economy at a Crossroads

Organizer; Arvind Panagariya,
Columbia University
Chairperson; Ronald Findlay,
Columbia University

Political Economy of Policy Making in India

Kaushik Basu, Cornell University

What Constrains Indian Manufacturing?

Poonam Gupta, Delhi School of Economics

India and China: Trade and Foreign Investment

Arvind Panagariya, Columbia University

Dolmabahçe

A

Contributed Session 29 – International Economics

Does Comparative Advantage Make Countries Competitive?
A Comparison of China and Mexico

Felicitas Nowak-Lehmann, Sebastian
Vollmer and Inmaculada
Martínez-Zarzoso

Exploring Determinants of the Firm Boundary for Swedish Multinationals

Susanna Thede,
Markus Lindvert

Export Orientation and Productivity: A Firm Level Investigation

Yılmaz Kılıçaslan,
Levent Erdoğan

Labour Productivity Ratio and International Comparison of Economic Performance. Formalization of the PPP Theory and Preliminary Examinations

Dobija Mieczyslaw

B

Contributed Session 30 – Macroeconomics & Monetary Policy

Contracting Models of the Phillips Curve Empirical Estimates for
Middle-Income Countries

Nihal Bayraktar,
Pierre-Richard Agenor

Liquidity Shortages and Monetary Policy

Gerhard Illing, Jin Cao

Measuring Monetary Policy Independence Across Regions

Ulrich Volz,
J. James Reade

Re-examining the Threshold Effects in the
Inflation-Growth Nexus: OECD Evidence

Elif Öznur Kan,
Tolga Omay

C

Contributed Session 31 – Education & Distribution

Redistributive Conflict, Decentralization and Secession: Evidence from Bolivia’s Referendum for Departmental Autonomy

Werner Hernani-Limarino

Do Economic Crises Increase Schooling?: Evidence from Argentina

Florencia Lopez Boo

Schooling and Political Participation in a Neoclassical
Framework:Theory and Evidence

Filipe Campante,
Davin Chor

Is Subsidizing Students Uniformly a Pareto Improvement?

Muharrem Yeşilırmak,
Kuzey Yılmaz

Sultan

1

Contributed Session 32 – Education & Distribution

Distributional Effects of Public Education Transfers in Greece

Panos Tsakloglou,
Christos Koutsambelas

Economics of Discounting the Future - British Experience and
Lessons to be Learned

Erhun Kula

Implementation via Code of Rights

Kemal Yıldız, Semih Koray

Culture, Beliefs and the Inequality-Growth Nexus

Martin Strieborny

2

Contributed Session 33 – International Trade

The Wise Use of Dummies in Gravity Models: Export Potentials
in the Euromed Region

Juan M. Ruiz, Josep M. Vilarrubia

Discriminatory Indirect Taxation in International Tax Competition

Sebastian G. Kessing

Modeling and Forecasting the Yield Curve Under Model Uncertainty

Paola Donati, Francesco Donati

Inequality and the Import Demand Function

Margarita Katsimi, Antonis Adam
and Thomas Moutos

3

Contributed Session 34 –  Microeconomic Theory & Risk

Accountability and Value for Money in Private Finance Initiative Contracts

İstemi Demirağ, Iqbal Khadaroo

Corruption, Growth and Ethnolinguistic Fractionalization:
A Theoretical Game Model

Raffaella Coppier, Roy Cerqueti
and Gustavo Piga

Explorations on Monotonicity in Social Choice Theory

Battal Doğan, Semih Koray

Relative Risk Aversion is Constant: Evidence from Panel Data

Monica Paiella,
Pierre-André Chiappori

Galata

Contributed Session 35 – International Economics & Incentives

On The Relevance of Exchange Rate Regimes for
Stabilization Policy

Pedro Teles, Bernardino Adao
and Isabel Correia

The Effect of Foreign Service on Trade Volumes and Trade Partners

Josep M Vilarrubia,
Ruben Segura-Cayuela

The Efficiency of Stock-Based Incentives: Experimental Evidence

Abdullah Yavaş, Steven Huddart

Dynamic Effects of Offshoring

Denis Stijepic, Helmut Wagner

11:00-11:30

Coffee Break

11:30-13:00

Topkapı

Invited Session

 

Sovereign Risk

Organizer; Oya Celasun, IMF
Chairperson; Carmen M.Reinhart,
University of Maryland, NBER

How Does Private Foreign Borrowing Affect The Risk
of Sovereign Default in Developing Countries

Oya Celasun, IMF,  Philipp Harms,
Aachen University

The Cost of Sovereign Default

Eduardo Borensztein, IMF, Ugo Panizza, UNCTAD

Indexed Debt: An Applied Framework

Guido Sandleris, Universidad Torcuato
Di Tela, Horacio Saprizia, Rutgers Business
School and Filippio Taddei
Collegio Carlo Alberto

Marmara

Invited Session

Economic and Political Liberalization in Transition Countries

Organiser and Chairperson; Fabrizio
Coricelli, University of Siena, EBRD, CEPR

A Tale of Two Reversals: Theory and Evidence on the
Relationship Between Economic and Political Liberalization

Nauro Campos, Brunel University, CEPR,    Fabrizio Coricelli
University of Siena, EBRD,CEPR

Economic and Social Factors Driving the Third Wave of Democratization

Elias Papaioannou, Darthmouth College

Reform and Inequality During the Transition: An Analysis
Using Panel Household Survey Data, 1990-2005

Lire Ersado, The World Bank 
Branko Milanovic, The World Bank

Dolmabahçe

A

Contributed Session 36 – Trade, Growth & Development

Export, Imports and Economic Growth - Time Series Evidence from India

Siddharth Shastri

Overall Trade Specialization and Economic Development: Countries Diversify

Luca De Benedictis,
Marco Gallegati and
Massimo Tamberi

B

Contributed Session 37 – Income, Wage  & Regional Disparities

Gini Decomposition by Gender: Turkish Case

Ezgi Kaya, Ümit Şenesen

Is Deregulation A Cure Against Discrimination? An Empirical Study
of the Deregulations of the Swedish Bus and Taxi Sectors
and the Wage Differentials Between Swedish Born and Foreign Born

Mikael Ohlson

Prevalence of Overweight Rural to Urban Adults in the State of Georgia

Zulal S. Denaux,
Attila Cseh and Jamie Brogdon

C

Contributed Session 38 – Political Economy

Sincere Lobbying Formation

Galina Zudenkova

Travelling Agents? Political Change and Bureaucratic Turnover in India

Anandi Mani, Lakshmi Iyer

Why Do Populist-Outsiders Get Elected? The A.B.C. of Populism

Sebastian Miller

Sultan

1

Contributed Session 39 – Industry, Trade & Innovation

Intellectual Property Protection and Technology Transfer:
Evidence from US Multinationals

Sunil Kanwar

National Productive Structure and Innovative Dynamics:
Finding the (Endogenous) Path to Convergence

Luís Pina Rebelo, Jorge Cerdeira

Intra-Industry Trade: An Empirical Examination of US Auto-Industry

Ayşegül Ateş, Kemal Türkcan

2

Contributed Session 40 – Factor Movements & Banking Regulation

Horizantal and Vertical Spillovers from FDI in the Italian Productive Sector

Filippo Reganati,
Rosanna Pittiglio and Edgardo Sica

Regulation, Market Discipline and Moral Hazard in Banking

Levent Yıldıran

Uncertainty over the Immigration Quota System

Sergio Vergalli, Michele Moretto

3

Contributed Session 41 – Fiscal & Welfare Economics

Budget Deficits and Interest Rates: A Fresh Perspective

Ari Aisen, David Hauner

Sectorial Welfare Cost of Inflation

Andrea Zaghini

Tax Incidence Analysis in Turkey, 2003

Özlem Albayrak

Galata

Contributed Session 42 – Money, Banking & Trade

Banking System, Fiscal Externality and Soft Budget Constraint in Transition

Fabian Gouret

The Political Economy of Seigniorage

Francisco José Veiga, Ari Aisen

Does Foreign Exchange Intervention Work for Inflation Targeters?

Herman Kamil

Does Trade Integration Contribute to Peace?

Jong Wha Lee

13:00-14:30

Lunch Break

14:30-15:30

Anadolu

Keynote Lecture: "Indian Growth Miracle:
What Can We Learn from It?"

Arvind PANAGARIYA,Columbia University

15:30-16:00

Coffee Break

16:00-18:00

Topkapı

Invited Session

 

Capital Account Regimes, Capital Flows and
Financial Vulnerability in Asia: Myth and Reality

Organizer and Chairperson;
Yılmaz Akyüz, UNCTAD

The Current Global Financial Turmoil and Asian Developing Countries

Yılmaz Akyüz , UNCTAD

The Management of Cross Border Capital Flows
and Macroeconomic Stability in China

Yongding Yu, Institute of World Economics and Politics,
Chinese Academy of Social Sciences

Financial Liberalization and the New Dynamics of Growth in India

C.P. Chandrasekhar,
Jawaharlal Nehru University

Hot Money and Capital Control: The Case of Thailand

Suthy Prasartset, Thawatchai Jittrapanun, Chulalongkorn University

Financial Policy and Management of Capital Flows in Malaysia

Martin Khor, Third World Network

Marmara

Invited Session

Financial Globalization and Emerging Markets

Organizer, Enrique Mendoza,
University of Maryland
Chairperson, Masahiko Aoki,
Stanford University

Sovereign Default, Private Creditors and IFIs

Emine Boz, IMF

Emerging Market Business Cycles Revisited: Learning about the Trend

Emine Boz, IMF, Christian Daude,
IADB and Bora Durdu,
Federal Reserve Board

Financial Integration and Macroeconomic Stability

Sebnem Kalemli Özcan,
Bilkent University

Financial Globalization and Productivity Growth

Ayhan Köse, Marco Terrones,
IMF

Dolmabahçe

A

Contributed Session 43 – Financial Markets & Money

Internal Capital Markets and Lending by Multinational Bank Subsidiaries

Ralph de Haas, Iman van Lelyveld

International Currency Portfolios

Michael Kumhof

Regime Changes in the Relationship Between Stock Prices and Monetary Policy

Mehmet İvrendi, Bülent Güloğlu

Revisiting Stock Market Index Correlations

Mehmet Dalkır

B

Contributed Session 44 – International Trade

Trade Intensity and Business Cycle Correlation

Hasan Vergil

Trade, Conflicts, and Political Integration: Explaining the
Heterogeneity of Regional Trade Agreements

Vincent Vicard

Tariffication of Tariff Rate Quotas under Oligopolistic
Competition:The Case of the European Union Import Regimes for Bananas

Margherita Scoppola

Maritime Transport Costs and Trade: New Data and New Evidence

Patricia Sourdin, Jane Korinek

 

C

Contributed Session 45 – International Trade & Labour Markets

International Trade and Labor Income Risk in the United States

Mine Zeynep Şenses,
Pravin Krishna

Is the WTO Article XXIV bad?

Monika Mrazova,
David Vines and Ben Zissimos

Trade Liberalization and Skill Premium: A Non-Monotonic Relationship

Cemile Yavaş

 

 

International Trade and Domestic Distortions: Modelling the Transition Process

Francesco Saraceno,
Jan-Luc Gaffard

Sultan

1

Contributed Session 46 – European & Transition Economies

Testing the Tax Competition Theory: How Elastic are National Tax Bases in Western Europe?

Silvia Rocha-Akis,
Aleksandra Riedl

Transition, Regional Features and Economic Performance

Marcello Signorelli,
Enrico Marelli

World Economy at the Crossroads in the Post- Socialist Era:
Emerging Issues before the Socialist and the Less Developed Countries

I.D. Gupta

Markov Switching Regimes and the Monetary Model of
Exchange Rate Determination: Evidence From the Central and
Eastern European Markets

Georgios Kouretas, Manolis M. Syllignakis

2

Contributed Session 47 – Capital Movements

Foreign Capital, Environmental Regulation and Welfare in a Small Open Economy

Kausik Gupta

Labour Taxation and Foreign Direct Investment

Doina Maria Radulescu, Peter Egger

Foreign Aid and Sovereign Credit Worthiness

Karl Pedersen

3

Contributed Session 48 – Public Economics & Income Distribution

The Effect of Public Sector Investments on  Socioeconomic
Development in Turkey

Abdülkadir Civan,
Ahmet Çalışkan and
Mehmet Karakuyu

Determinants of Integration and its Impact on Economic Success
of Immigrants: A Case Study of the Turkish Community in Berlin

Hülya Ülkü, Alex M. Danzer

Optimal Taxation of Capital Income in Models with Endogenous Fertility

Petrucci Alberto

Twin Peaks or Three Components? Analyzing the World´s
Cross-Country Distribution of Income

Sebastian Vollmer,
Hajo Holzmann and
Julian Weisbrod

Galata

Contributed Session 49 – Human & Social Capital

A Global Perspective on the Non-Observed Economy, Inequality,
Corruption and Social Capital

J. Barkley Rosser, Ehsan Ahmed
and Jr. Marina V. Rosser

Private Investment in Higher Education: Comparing Alternative Funding Schemes

Bernhard Eckwert, Itzhak Zilcha

Settling with Multiple Plaintiffs

Alper Nakkaş

Day 4: Saturday, June 28, 2008

Hour

Hall

Session

Speaker

09:00- 11:00

Anadolu

Invited Session

 

Financial Integration and Monetary Policy

Organizer and Chairperson; Erdem Başçı,
Central Bank of The Republic of Turkey

Monetary Policy and Financial Fragility

Guillermo Calvo, Columbia University

Monetary Policy in a Financially Integrated Economy:
Is There Room for an Independent Monetary Policy?

Vittorio Corbo, Pontificia Universidad
Católica de Chile

The Role of International Reserves

Maurice Obstfeld, University of
California, Berkeley

Dolmabahçe

A

Contributed Session 50 – Financial & Monetary Integration

Modeling the Economic Effects of Bank Regulation and Supervision

Bilin Neyapti

Assessing Financial Integration in European
Union Equity Markets, 1990-2006: Panel Unit Root
and Multivariate Cointegration and Causality Evidence

Helen Higgs, Andrew Worthington

On the Optimum Currency Area (OCA) in Europe:
New Panel Evidence Including a Negotiating Country, Turkey

Utku Utkulu, Naib Alekperov

Size Effect of Monetary Union and Welfare

Hiroya Akiba

B

Contributed Session 51 – Indian Economy: Globalization & Migration

Globalisation and the Plight of Indigenous
Communities in India

John Felix Raj

Migration, Livelihood and Well-being: Evidence from
Indian City-Slums

Arup Mitra

Regional Divergence of Growth in India (1970-2002):
A Dynamic Panel Analysis

Manoj Kumar Sanyal, Panchanan Das

Split-Ticket Voting: An Implicit Incentives Approach

Galina Zudenkova

C

Contributed Session 52 – Capital Movements,
Trade & Monetary Policy

Optimal Monetary Policy under Asset Market
Segmentation

Rajesh Singh, Amartya Lahiri and
Carlos Vegh

Optimal Stabilization Policy in a Model with
Endogenous Sudden Stops

Alessandro Rebucci, Gianluca Benigno,
Huigang Chen,
Christopher Otrok and Eric R. Young

Trade Shocks and Labor Adjustment:
A Structural Empirical Approach

Erhan Artuç, Shubham Chaudhuri and
John McLaren

Why Should Emerging Market Countries (Still)
Concern Themselves with Capital Inflows?

Manuel Agosin, Franklin Huaita

Sultan

1

Contributed Session 53 – Exchange Rates & Fiscal Policy

Does the Nominal Exchange Rate Regime Affect the
Long Run Properties of Real Exchange Rates?

Christian Dreger,  Eric Girardin

Exchange Rate and Fundamentals: The Case of Brazil

Marcelo L. Moura, Adauto R. S. Lima and
Rodrigo M. Mendonça

The Historical Background of Liberalization in Turkey

V. Necla Geyikdağı, Yaşar Geyikdağı

One Way or Another: Fiscal Sustainability in Argentina,
1867-2004

Osvaldo Meloni, Ana María Cerro and
Tatiana Soria Genta

2

Contributed Session 54 – International Markets  &
Firm Behaviour

Export Premia and Sub-Contracting Discount Passive
Strategies and Performance in Domestic and Foreign Markets

Davide Vannoni, Tiziano Razzolini

Control Theory Methods for Macro Models with Stochastic Micro Foundations

Robert Tonita, Jorge Goncalve and
Glenn Vinnicombe

Exchange Rate, Employment and Hours: What Firm-Level Data Say

Francesco Nucci,
Alberto F. Pozzolo

International Price Dispersion and Market Structure

Özlem İnanç

3

Contributed Session 55 –Knowledge, Uncertainty & Europe

Knowledge Flows Across European Regions

Stefano Usai, Raffaele Paci

Macroeconomic Uncertainty and Performance in the
European Union and Implications for the Objectives
of Monetary Policy

Stilianos Fountas, Donal Bredin

Automatic Stabilisation, Discretionary Policy
and the Stability Pact

Jérôme Creel, Francesco Saraceno

Quantifying the Psychological Costs of Unemployment: 
The Role of Permanent Income

Andreas Knabe, Steffen Rätzel

Galata

Contributed Session 56 – Public Policy & Labour

Analysis of Attrition Patterns in the Turkish Household Labor Force Survey, 2000–2002

İnsan Tunalı

Political Institutions and Human Development: Does
Democracy Fulfil its "Constructive" and "Instrumental" Role?

Maria Ziegler, Sebastian Vollmer

Electoral Threshold, Representation, and Parties’
Incentives to Form a Bloc.

Andrei Bremzen, Georgy Egorov and
Dmitry Shakin

Does a Federal Country Need Federal Transfers
When it has Labor Mobility?

Tiago Neves Sequeira,
Alexandra Ferreira Lopes

11:00-11:30

Coffee Break

11:30-13:00

Topkapı

Invited Session

 

Savings, Investment, Employment and the Current Account: The Turkish Case

Organizer; Ercan Uygur, Ankara
University Chairperson;
Ronald Findlay, Columbia University

What Has Been the Role of Investment in Turkey's
Growth Performance, 1950-2008?

Sumru Altuğ, Koç University

Exchange Rates, Private Savings and the Current
Account in Turkey

Ercan Uygur, Ankara University

Saving Trends in Developing Countries

Luis Serven, World Bank

Exchange Rate Volatility and Employment Growth
in Developing Countries: Evidence From Turkey

Fırat Demir, University of Oklahoma

Marmara

Invited Session

Vulnerability to External Factors: Is Latin America Out of the Woods Yet?

Organizer; Alejandro Izquierdo, Inter-American Development Bank, 
Chairperson; Gerardo Della Paolera,
American University in Paris

Capital Flow Bonanzas: Past and Present

Carmen Reinhart, University of Maryland,
NBER  Vincent Reinhart American
Enterprise Institute

Booms and Busts in the Latin America:
The Role of External Factors

Alejandro Izquierdo, Randall Romero,
Inter-American Development Bank and
Ernosto Talvi, CERES

A Tale of Three Countries: Economic
Development in Argentina, Autralia and Canada
since Independence

Garciela Kaminsky, Johns Hopkins University, 
Pablo Vega-Garcia, George Washington University

The Role of External Shocks in Latin America's Lost decade

Andrés Neumeyer, Universidad
Torcuato Di Tella

Dolmabahçe

A

Contributed Session 57 – International Finance

Welfare Implications of a Second Lender in the International Markets

Luis Opazo

Sovereign Debt Crises Through the Prism of Primary Bond Markets

Sebastian Nieto Parra

Sovereign Risk and Procyclical Fiscal Policy in Emerging Market Economies

Yui Suzuki

 

Are Emerging Asia’s Reserves Really Too High

Marta Ruiz-Arranz, Milan Zavadjil

B

Contributed Session 58 – Fiscal Policy, Inflation & Europe

The European Union's Fiscal Policy and Economic Integration

Irene Kyriakopoulos

The Impact of Reference Norms on Inflation Persistence
When Wages are Staggered: Theoretical Analysis
and Empirical Results

Markus Knell, Alfred Stiglbaue

The Maastricht Inflation Criterion: What is the Effect
of Expansion of the European Union?

Karsten Staehr, John Lewis

C

Contributed Session 59 –Global Warming

Strategic Information Acquisition and the Mitigation
of Global Warming

Florian Morath

UN Approval of Greenhouse Gas Emission
Reduction Projects in Developing Countries:
The Political Economy of the CDM Executive Board

Florens Flues, Axel Michaelowa and
Katharina Michaelowa

Weather Insurance:  Managing Risk Through an
Innovative Retail Derivative

Jeremy Tobacman, Shawn Cole and Petia Topalova

Sultan

1

Contributed Session 60 – Risks & Banking

The Risk Management Approach of the Federal Reserve
System - A Model For the European Central Bank

Magdalena Malinowska

Investment Credit Availability Bank Enterprise Relations in Poland

Joanna Tyrowicz

Bank Failures in an Era of Financial Crises in Turkey: A Duration Model Analysis

Hakan Ercan, Özgü Evirgen

2

Contributed Session 61- Asia & Turkey: Public &
Private Finance

Determinants of Net Private Savings Investment
Gap in Turkey

Süleyman Değirmen,  Ahmet Şengönül

Is Fiscal Decentralization Conflict Abating? Routine
Violence and District Level Government
in Java, Indonesia

Zulfan Tadjoeddin,  Mansoob Murshed

Real and Financial Integration in East Asia

Jong-Wha Lee, Soyoung Kim

3

Contributed Session 62 – Macroeconomics & Risks

Sources of Macroeconomic Fluctuations in Turkey

Gülcay Tuna, Mehmet Balcılar

Consumption Heterogeneity and Long Run Risk

Victoria Galsband, Mathias Hoffmann

A Small State-Space Model of the Australian Economy

Jeffrey Sheen, Shawn Leu

Galata

Contributed Session 63 – International Trade

Economic Partnership Agreements and WTO Negotiations.
A Quantitative Assessment of Trade Preference
Granting and Erosion İn The Banana Market

Giovanni Anania

The Determining Role of EU in Turkey’s Trade Flows:
A Gravity Model Approach

Özgül Bilici, Erkan Erdil and
İ. Hakan Yetkiner

The Single Currency's Effects on Eurozone Sectoral Trade:
Winners and Losers?

Claudio Vicarelli, Sergio de Nardis and
Roberta De Santis

13:00-14:30

Lunch Break

14:30-15:30

Anadolu

Keynote Lecture: “Financial Globalization and
Emerging Markets: What Have We Learned?”

Maurice OBSTFELD, University of
California, Berkeley

15:30-16:00

Coffee Break

16:00-18:00

Anadolu

 Invited Session

 

Global Imbalances and New Reserve Systems

Organizer; Joseph Stiglitz, Columbia University   Chairperson; Guillermo Calvo, Columbia University

Reforming the Global Reserve System

Joseph Stiglitz, Columbia University,
Bruce Greenwald Columbia University

The Instability and Asymmetries of the Global Reserve System

Jose Antonio Ocampo, Columbia University

Discussants

Yilmaz Akyüz, UNCTAD, Yongding Yu,
Institute of World Economics and Politics,
Chinese Academy of Social Sciences and
Heiner Flassbeck, UNCTAD

Dolmabahçe

A

Contributed Session 64 – Globalization, Business & Risks

Exchange Rate Exposure, Foreign Currency
Borrowing and the Use of Derivatives: Evidence from Brazil

José Luiz Rossi Júnior

On the Economic Analysis of Central Asia: Globalization,
Transition or Development?

George E. Wright

Austrian-Turkish Business Relations – Why Way
Behind CEE Level?

Peter Kruhumber

B

Contributed Session 65 – Financial Markets & Labour

Financial Market Imperfections and Firm Level Investment:
Evidence from a Panel of Turkish Corporations

Hakan Ercan, Bahsayis Temir

Financial Market Imperfections, Firm Heterogeneity and the Impact of Trade on Entrepreneurial Selection and Industry Productivity

Tsechien Hsu

Subsidizing Extra Jobs: Promoting Employment by Taming the Unions

Andreas Knabe, Ronnie Schöb

Wage Taxation in the Presence of Unionised Labour and Internationally Mobile Firms

Silvia Rocha-Akis

C

Contributed Session 66 – Information, Uncertainty &
Optimum Policy

Price and Volume Response to Public Information

Magdalena Malinowska

Transaction Costs, Incomplete Asset Markets and
Exchange Rate Indeterminacy

Nan Li

Towards an Understanding of Choice under Uncertainty and
Intertemporal Preference within a Unified Framework:
An FMRI Study of Risky and Intertemporal Decision-Making

Hiroyasu Yoneda, Sobei H. Oda

Optimal Policy of Minimum Wage and Earned Income Tax Credit

Miki Malul, Luski Israel

Sultan

1

Contributed Session 67 – Labour Markets & Employment

The Analysis of Unemployment in Romania through
Duration Models

Daniela-Emanuela Danacica,  
Ana-Gabriela Babucea

Labor Informality Effects of a Poverty Alleviation Program

Leonardo Gasparini,
Francisco Haimovich and Sergio Olivieri

Employment Effects of Low Wage Subsidies

Jukka Pirttilä, Kristiina Huttunen and
Roope Uusitalo

National Prices and Wage Setting in a Currency Union: With Reference to Wage Restraint under EMU

Marcelo Sánchez

2

Contributed Session 68 – Common Currencies,
Financial Integration & Euro

Convergence and Anchoring of Yield  Curves in the Euro Area

Refet Gürkaynak, Michael Ehrmann,
Marcel Fratzscher and Eric Swanson

Business Cycle Synchronicity and the Euro:
Some New Evidence

Sébastien Wälti

Do Common Currencies Facilitate the Net Flow
of Capital Among Countries

Slavi T. Slavov

The Growth Effects of International Financial
Integration and Exchange Rates: Theory and Empirics

Cesar M. Rodriguez

Day 5: Sunday, June 29, 2008

Hour

Hall

Session

Speaker

9:00-11:00

Topkapı

Invited Session

 

Global Financial Markets: Debts,
Reserves, and Turbulence

Organizer; Carmen M.Reinhart, University of Maryland, NBER Chairperson; Vincent R. Reinhart, American Enterprise Institute

A New Era of International Financial Integration: Global, Market, and Regional Factors

Marco Cipriani, George Washington University, Graciela L. Kaminsky, George Washington University, NBER

A Tractable Model of Precautionary
Reserves or Net Foreign Assets

Christopher Carroll, Johns Hopkins University, 
Olivier Jeanne, IMF

Domestic Debt: The Forgotten History

Carmen M. Reinhart, University of Maryland, NBER, 
Kenneth S. Rogoff, Harvard University, NBER

Discussant

Alejandro Izquierdo, InterAmerican Development Bank

Marmara

Invited Session

The Turkish Economy Seven Years
after the 2001 Crisis

Organizer; Oya Celasun, IMF   
Chairperson; Ahmet Tıktık, SPO

Inflation Expectations and Monetary
Policy in Turkey

Y. Soner Başkaya, A. Hakan Kara and
Defne Mutluer, Central Bank of The Republic
of Turkey

Expansionary Fiscal Consolidations:
New Evidence from Turkey

Fatih Özatay TOBB University of Economics
and Technology

Sectoral Asymmetries, Currency Mismatch and Sudden Stops

Mustafa Kılınç, Central Bank of The Republic of Turkey

Turkey's Experience with the 'Unholy Trinity':
What Role for Economic Policy?

Cevdet Akçay Yapı Kredi Bank,
Murat Üçer, Istanbul Analytics

Dolmabahçe

A

Contributed Session 69 – Public Policy,
Banking & Finance

The Promises and Failures of Local
Provision of Public
Services in Bosnia and Herzegovina

Sevinç Rende,Stephen P. Coelen and
Dorothy Rosenberg

The Role of Guarantees in Bank Lending

Alberto Franco Pozzolo

A Comparison of International Financial Crisis and Investment Opportunities for Foreign
Capital: Turkey, Russia and Hong Kong

Şaziye Gazioğlu, Ülkem Başdaş

When Do Foreign Banks Begin to Matter?

Jie Mao, Guanyi Ben Li

B

Contributed Session 70 – Wages,
Prices & Fiscal Policy

Understanding Wage Inequality: Trade,
Technology, and Location

Chul Chung, Bonggeun Kim

Decentralized Wage Negotiations:
Slow Downs Versus Stockpiling

Yavuz Günalay, Süheyla Özyıldırım

Does Price of an Essential Non-Renewable
Resource Necessarily Grow?

I. Hakan Yetkiner, Beatriz Gaitan and Richard S.J. Tol

Rent-Seeking Distortions and Fiscal Procyclicality

Ethan Ilzetzki

C

Contributed Session 71 – Public Policy &
The Indian Economy

On Devastating Droughts

Raghav Gaiha, Kenneth Hill and Vani S. Kulkarni

Economic Growth in India 1950-2003: Testing Kaldor’s Engine of Growth Hypothesis

Panchanan Das

Election Results and Opportunistic Policies: An Integrated Approach

Linda Gonçalves Veiga, Toke S. Aidt and
Francisco José Veiga

Electricity Provision and Industrial Development:Evidence from India

Juan Pablo Rud

Sultan

1

Contributed Session 72 – FDI, Growth &
Transition

FDI and Change in Factor Intensity of Exports and Imports of Emerging Markets (1991-2005):
A Panel Cointegration Approach

Faruk Aydın, Hülya Saygılı

Agricultural Distortions, Structural Change, and Economic Growth: A Cross-Country Analysis

Talan B. İşcan, Benjamin N. Dennis

Economics and the Demographic Transition

Luis Angeles

2

Contributed Session 73 -  Markets
& Government

Monopolistic Competition and the Dependent Economy Model

Romain Restout

The Effect of Trade Openness on Optimal
Government Size under Endogenous Firm Entry

Sandra Hanslin

Who Buys Whom in International Oligopolies with FDI and Technology Transfer?

Francesca Sanna-Randaccio, Leo Grunfeld

Optimal Penalty for Investment Delay in Public Procurement Contracts: Evidence from the Italian Experience

Chiara D'Alpaos, Michele Moretto and
Paola Valbonesi

3

Contributed Session 74 – Patents &
Comparative Economics

The Patent Quality Control Process:
Can We Afford an (Rationally) Ignorant Patent Offices?

Jing-Yuan Chiou

A Critique of the New Comparative Economics

J. Barkley Rosser Jr., Marina V. Rosser

Galata

Contributed Session 75 – Inflation Targeting & Dollarization 

Dangerous Liaisons? An Empirical Assessment of Inflation Targeting and Exchange Rate Regimes

Horacio Aguirre, Tamara Burdisso

Inflation and Dollarization in Turkey

Müge Karacal, Mohsen Bahmani-Oskooee

Trade, Offshoring and the Invisible Handshake

Bilgehan Karabay, John McLaren

11:00-11:30

Coffee Break

11:30-13:00

Topkapı

Invited Session

 

The New Economics of the Brain Drain: Brain Gains and Economic Growth

Organiser and Chairperson; Oded Stark, University of Klagenfurt

The Brain Drain as a Catalyst of Human
Capital Gains, Welfare Improvement and
Economic Growth

Oded Stark, University of Klagenfurt

An Optimal Selective Migration Policy
in the Absence of Symmetric Information
and in The Presence of Skill Formation Incentives

Alessandra Casarico, Universita Bocconi,  Silke Uebelmesser University of Munich

Heterogeneous Human Capital and Benefical Brain Drain: Theory and Evidence from China

C. Simon Fan, Lingnan University,
Oded Stark, University of Klagenfurt and
Xiangdong Wei, Lingnan University

Discussant

J. Barkley Rosser Jr., James Madison University

Dolmabahçe

A

Contributed Session 76 – Choice & Market Experiments

Risk and Career Choice: Evidence from Turkey

Asena Caner, Çağla Ökten

The Limits of Choice: Saving Decisions and Basic Needs in Developed Countries

Sahra Wagenknecht

What Students Learn From Market Experiments and What They Don't

Haitani Ryohei, Sobei H.Oda

B

Contributed Session 77- Human Capital
& Growth

The Role of Human Capital in Economic Growth: Evidence From Greek Regions

Nikos Benos, Stelios Karagiannis

Specific Human Capital Investments in Weak Skills under Uncertain Terms of Trade

Toshihiro Ichida

Economic Growth, Globalisation and Human Capital: Empirical Evidence from India

D. K. Nauriyal, Bimal K. Sahoo and Anil Dixit

C

Contributed Session 78 – Central Asia & Russia

Managing an Oil Boom: Has Kazakhistan Used its Energy Resources to Promote
Diversification through Support for Agriculture?

Richard Pomfret

The Determinants of Regional Growth and Convergence in China, India and Russia

Kiril Tochkov, Oleg Badunenko

Econometric Estimates of Hedonic Price Indexes for Personal Computers in Russia

Aleksandr Parkhomenko, A. Redkina,
and O. Maslivets

Sultan

1

Contributed Session 79 – Turkey:
Social & Political Developments

Impact of The 1999 Earthquakes on the Outcome of The 2002 Parliamentary Election in Turkey

Ali T. Akarca, Aysıt Tansel

The Determinants of Life Expectancy in Turkey

Ferda Halıcıoğlu

Income Differentials, Gender and Education in Turkey: Evidence from Individual Level Data

H. Mehmet Taşçı, Oktay Öksüzler and 
Ramazan Taş

2

Contributed Session 80 – Unemployment & Poverty

Unemployment Convergence in Transition

Joanna Tyrowicz, Piotr Wojcik and 
David Katrencik

Do Institutions Matter in Poverty Reduction? Prospects of Achieving the MDG of Poverty Reduction in Asia

Raghav Gaiha, Katsushi Imai

India's Economic Reforms and Poverty

Eckhard Siggel

3

Contributed Session 81 – Total Factor Productivity

Total Factor Productivity: The Residual After "All"

Hande Tanergüçlü, Constance Smith

More Growth or Fewer Collapses?A New Look at Long Run Growth in Sub-Saharan Africa

Jorge Arbache, John Page

The Evolution and Determinants of Frontier Total Factor Productivity Growth in Tunisia

Sofiane Ghali, Pierre Mohnen

13:00-14:30

Lunch Break

14:30-15:30

Anadolu

Keynote Lecture: "Global Warming  and Global Social Justice"

Joseph STIGLITZ, Columbia University

15:30-16:30

Anadolu

Closing Panel

 

19:30

Closing Cocktail (To be confirmed)