Organized by:

. Chinese Society Australia . College of Business Law and Governance, Division of Tropical Environments and Societies, James Cook . The Cairns Institute, James Cook University

Local Organising Committee:

Dr Hongbo Liu, James Cook University Prof Philip Pearce, James Cook University Prof Stewart Lockie, James Cook University Prof Natalie Stoeckl, James Cook University Prof David Low, James Cook University Dr Sizhong Sun, James Cook University Ms Janie Edwards, James Cook University Prof Zhangyue Zhou, James Cook University Ms Jennifer McHugh, James Cook University

With Support From:

. Update, Australian . Australian Trade Commission . The Education Office of Chinese Embassy in Australia . Tourism Tropical North Queensland . Advance Cairns . Cairns Chamber of Commerce

CONTENTS

Introduction to CESA ...... 1

Introduction to the College of Business, Law and Governance ...... 2

Introduction to The Cairns Institute ...... 2

Information for Participants ...... 4

Conference Program Outline ...... 5

Keynote Speakers ...... 8

Tourism Forum Speakers ...... 8

Policy Forum Speakers ...... 9

Concurrent Sessions ...... 10

List of Conference Participants ...... 21

James Cook University Cairns Campus Map ...... 24

The Cairns Institute Maps ...... 25

Introduction to CESA

The Chinese Economics Society Australia (CESA) is a non-profit and non-partisan organization, which aims at promoting research and exchange activities related to the Chinese economy. More specifically, its objectives are to:

. Encourage and stimulate constructive inquiries, exchange and discussion on China’s growth and development; . Promote and disseminate research work related to China’s economy and business development; and . Provide a venue for post-graduate students to present and discuss their work.

CESA strives to become a leading research network of the Chinese economy in the Asia Pacific region. It maintains close relationships with other professional associations that have similar objectives.

The Society was initiated as the Association for Chinese Economic Studies, Australia (ACESA) in 1987 at the Australian National University in Canberra under the leadership of Dr Yongzheng Yang and Dr Shujuan Lin, with the support of enthusiastic scholars specialising in the Chinese economy including Chunlai Chen, Enjiang Cheng, Ross Garnaut, Jane Golley, Yiping Huang, Ligang Song, Guanghua Wan, Mei Wen, Harry Wu, Yanrui Wu, Xiaoguang Zhang and Zhangyue Zhou.

The Society is run by the Executive Committee within the general policy guidelines set by the Council of and the Constitution. The current Executive Committee members are: Dr Sizhong Sun, President (James Cook University); Dr Annie Wei, Secretary (Australian National University) and Dr James Cheong, Treasurer (University of Western Australia).

The Society is physically hosted at:

China Economy Program, Crawford School of Public Policy, Australian National University JG Crawford Bldg, Acton ACT 2601, Australia

CESA’s annual conference rotates amongst its member in Australia, attracting delegates from around the world. A number of conference proceedings and publications have been generated from contributions to the conferences.

CESA maintains an official website (http://www.ces-aus.org/) and an emailing list ([email protected]), which are available for use by all members.

1 INTRODUCTION TO THE COLLEGE OF BUSINESS, LAW AND GOVERNANCE

The College of Business, Law and Governance (CBLG) is part of the Division of Tropical Environments and Societies and delivers a range of courses in Cairns, Singapore, Townsville and Brisbane*. It is led by the Dean, Professor David Low, and promotes, fosters, supports and administers quality teaching and research across four key areas:

. Law . Business . Information Technology . Conflict Management and Resolution

Formed in 2014 to provide new opportunities and collaborations for both education and research, a primary focus of the College is ethics, sustainability and governance, as well as an understanding of complex business systems. The courses offered by the College equip future leaders with life-long skills that have practical applications in the workplace, and are designed with a variety of options to facilitate lifestyle and work commitments, whether it be studying online or on campus, or on a full or part time basis.

The College’s multi-campus locations and world-class academics bring an international perspective to its teaching and research. Leading-edge postgraduate study areas reflect global industry needs and include international business, sustainable practice, creativity and innovation, political science, and information technology.

More details of CBLG can be found at: www.jcu.edu.au/college-of-business-law-and-governance

Townsville Campus

2 INTRODUCTION TO THE CAIRNS INSTITUTE

Around half of the world’s population—some three billion people—and 80 per cent of the planet’s animal and plant species live in the tropics. From economic and educational deprivation to disease, loss of culture and the impacts of climate change, the social, economic and environmental challenges facing the tropical zones of northern Australia and the world are immense.

The Cairns Institute’s location in tropical North Queensland and close proximity to neighbouring countries in the Pacific and Southeast Asia places it at the epicentre of economic, environmental and cultural change. In this most dynamic of regions, the Institute is committed to understanding and informing the critical processes of transformation that will shape communities’ and environments’ future wellbeing.

Bringing together the expertise and intellectual resources of more than 20 disciplines in the humanities and social sciences, The Cairns Institute is a uniquely robust and vibrant hub of research, capacity building and public debate in the tropics, for the tropics.

The Cairns Institute welcomes national and international scholars, policy specialists, consultants and trainees, providing facilities and infrastructure for excellence and innovation.

The Institute offers:

. Pure and applied research . Consulting and contract research . Research training . Professional development . Conferences and seminars . Education and scholarship

More details of the Cairns Institute can be found at: www.cairnsinstitute.jcu.edu.au/

The Cairn Institute Building

3 INFORMATION FOR PARTICIPANTS

Cairns Taxi:

Web: www.cairnstaxis.com.au/

Phone: 131008

Policelink:

Web: www.police.qld.gov.au/programs/policelink/

If a crime is happening, call Triple Zero (000)

If not, you can call Policelink at 131 444

Parking:

Free parking is available at The Cairns Institute in the green areas ONLY:

Tourism:

Tourism Tropical North Queensland: www.ttnq.org.au/

4 CONFERENCE PROGRAM OUTLINE 17-19 July 2016, James Cook University, Cairns, Queensland, AUSTRALIA

17 July (Sunday) 16:00 - 17:00 Conference Registration Rydges Tradewinds Cairns 17:00 - 18:00 Welcome Reception Rydges Tradewinds Cairns

18 July (Monday) 08:00 - 08:30 Conference Registration Foyer, The Cairns Institute 08:30 - 09:10 Opening Ceremony Lecture Theatre, The Cairns Institute Welcome performance by Traditional owner Robyn McGuiggan, Deputy Vice Chancellor and Professor, Division of Global Strategy and Engagement, James Cook University The Honourable Curtis Pitt MP, Treasurer, Queensland Government Xu Xiao, Minister Counsellor, Education Office of Chinese Embassy in Australia Sizhong Sun, President of Chinese Economics Society Australia Chair: David Low, Dean and Professor, College of Business, Law and Governance, Division of Tropical Environments and Societies, James Cook University 09:10 - 10:00 Keynote Address 1 Lecture Theatre, The Cairns Institute Luigi Pistaferri, Professor of Economics, Stanford University Consumption Inequality Introduced by: Sizhong Sun, President of CESA 10:00 - 10:15 Photo Session The Cairns Institute 10:15 - 10:30 Morning Tea Foyer, The Cairns Institute 10:30 - 12:00 Concurrent Sessions Concurrent session 1 D3:063 Concurrent session 2 D3:059 Concurrent session 3 D3:144 Concurrent session 4 D3:149 12:00 - 13:00 Networking Lunch Foyer, The Cairns Institute 13:00 - 14:30 Concurrent Sessions Concurrent session 5 D3:063 Concurrent session 6 D3:059 Concurrent session 7 D3:144 Concurrent session 8 D3:149

5 14:30 - 14:45 Afternoon Tea Foyer, The Cairns Institute 14:45 - 16:15 Concurrent Sessions Concurrent session 9 D3:063 Concurrent session 10 D3:059 Concurrent session 11 D3:144 Concurrent session 12 D3:149 16:15 - 16:25 CESA Aunnual General Meeting Lecture Theatre, The Cairns Institute Election of the CESA Executive Committee Announcement of the 29th CESA Annual Conference

16:25 - 17:15 Keynote Address 2 Lecture Theatre Wing Thye Woo, Professor of Economics, University of California, Davis The Necessary Demand-Side Supplement to China’s Supply-Side Structural Reform: Termination of the Soft Budget Constraint Introduced by: Yanrui Wu, Professor, University of Western Australia 18:30 - 20:30 Conference Dinner Rydges Tradewinds Cairns In-dinner speech: Dr Bing Zhao, Managing Director of BAZO Capital Advisor Ltd. Announcement of best paper awards for PhD students : Xu Xiao, Minister Counsellor, Education Office of Chinese Embassy in Australia Chair: Stewart Lockie, Director and Professor, The Cairns Institute, JCU

6 19 July (Tuesday) 09:00 - 09:50 Keynote Address 3 Lecture Theatre, The Cairns Institute Hanming Fang, Professor of Economics, University of Pennsylvania Political Factions, Local Accountability and Economic Performance: Evidence from Province Introduced by: Hongbo Liu, Senior Lecturer, College of Business, Law and Governance, Division of Tropical Environments and Societies, James Cook University 09:50 - 10:00 CAER Information Session Lecture Theatre, The Cairns Institute Baozhong Su, Associate Professor, Editorial Coordinator, China Agricultural Economic Review 10:00 - 10:15 Morning Tea Foyer, The Cairns Institute 10:15 - 11:45 Concurrent Sessions Concurrent session 13 D3:063 Concurrent session 14 D3:059 Concurrent session 15 D3:144 Concurrent session 16 D3:149 11:45 - 13:00 Networking Lunch Foyer, The Cairns Institute 13:00 - 14:30 Concurrent Sessions Concurrent session 17 D3:063 Concurrent session 18 D3:059 Concurrent session 19 D3:144 Concurrent session 20 D3:149 13:00 - 15:00 Tourism Forum Lecture Theatre, The Cairns Institute

Speakers: George Y Chen, Principal Analyst and Manager of National Tourism Forecasts, Tourism Research Australia, Austrade Songshan (Sam) Huang, Associate Professor in Tourism Management, the University of South Australia Philip L. Pearce, Foundation Professor of Tourism and Distinguished Professor, James Cook University Chair: Philip L. Pearce, Foundation Professor of Tourism and Distinguished Professor, JCU 15:00 - 15:30 Afternoon Tea Foyer, The Cairns Institute 15:30 - 17:30 Policy Forum Lecture Theatre, The Cairns Institute Speakers: Fuqian Fang, Professor of Economics, Renmin University of China Iain Gordon, Deputy Vice-Chancellor and Professor, Division of Tropical Environment and Societies, James Cook University Steven Kates, Associate Professor of Economics, RMIT University Chris Legg, Chief Adviser in the Macroeconomic Group, The Treasury Jammie Penm, Chief Commodity Analyst and Assistant Secretary, Agricultural Commodities and Trade Branch, Australian Bureau of Agricultural and Resource Economics and Sciences Wing Thye Woo, Professor of Economics, UC Davis Chair: Iain Gordon, DVC and Professor, DTES, JCU 17:30 - 17:35 Closing Ceremony Lecture Theatre, The Cairns Institute

7 KEYNOTE SPEAKERS

Hanming Fan Luigi Pistaferri Wing Thye Woo

Hanming Fang is Class of 1965 Term Luigi Pistaferri is a Professor of Economics Wing Thye Woo is Professor at the Professor of Economics at the University of at Stanford University, a research fellow of University of California at Davis. He also Pennsylvania and a Research Associate at NBER, CEPR and IZA, the "Ralph Landau" plays a key role in several other institutions the National Bureau of Economic Research Senior Fellow at SIEPR, and one of the co- such as the Jeffrey Cheah Institute on (NBER) where he is currently also the Acting editors of the American Economic Review. Southeast Asia in Kuala Lumpur, the East Director of its Chinese Economy Working His papers are on the intersection between Asian Program at Columbia University. His Group. labour economics and macroeconomics. current research focuses on

Pistaferri holds a PhD in Economics from macroeconomic management of open Holding a PhD in Economics from the University of Pennsylvania in 2000, University College, London, and a Doctorate economies and on China’s growth Professor Fang is an applied in Economic Sciences from IUN in Naples challenges. Prof Woo has also served many microeconomist with broad theoretical and (Italy), where he was born in 1968. Pistaferri other key roles at various national and empirical interests focusing on public joined Stanford University in 1999 after international bodies such as special advisors economics. He has served as associate finishing his PhD and has been a member of to the U.S. Treasury, the United Nations, the editor or co-editor for numerous journals in the faculty ever since, with the exception of Prime Minister of Malaysia. Currently he is economics, and currently serves as a co- one year sabbatical spent at EIEF in Rome. the President of the US Chinese Economists editor of the International Economic Society. Review.

TOURISM FORUM SPEAKERS

George Y Chen Songshan (Sam) Huang Philip L. Pearce

Dr George Y Chen is Principal Analyst and Dr Songshan (Sam) Huang is Associate Professor Philip L. Pearce is the Manager of National Tourism Forecasts, Professor in Tourism Management at the Foundation Professor of Tourism and a Tourism Research Australia (TRA), University of South Australia. His research Distinguished Professor at James Cook Austrade. His team produces forecasts on focuses on tourism and hospitality and University. His research interests are new Australia’s inbound, outbound and China-Australia business and trade tourism markets and the behaviour of domestic tourism. Prior to the current relations, including tourist behaviour, tourists. He has spent considerable time in role, he worked as an economist and destination marketing, tour guiding and Asia and especially China as a Visiting policy adviser across various Australian interpretation, and Chinese outbound Professor at University in Government departments including the Department of Industry and the Treasury. tourism to Australia. He has recently Hangzhou. He has completed numerous Before coming to Australia, he was a completed a book on Tourism in China studies on Chinese outbound tourists and research economist at the Chinese (2015) with Channel View Press in Bristol, has recently finished co-editing a book The Ministry of Foreign Trade and Economic UK. World Meets Asian Tourists. Cooperation in .

8 POLICY FORUM SPEAKERS

Fuqian Fang Iain Gordon Chris Legg

Fuqian Fang is Professor of Economics at Iain Gordon is Professor and the Deputy Chris Legg is Treasury’s Chief Adviser the School of Economics, Renmin Vice-Chancellor, Division of Tropical responsible for monitoring developments University of China. Currently he is the Environments and Societies at James Cook in China and their implications for Vice President of the China Research University (JCU). He has a genuine passion Australia. He represents Australia, New Association of Foreign Economic Theories, and commitment for sustainable Zealand, Singapore and Vietnam on the development. Prior to JCU, he led the Board of Asian Infrastructure Investment President of the Beijing Research James Hutton Institute (Scotland), focusing Bank. He has had extensive experience in Association of Foreign Economic Theories. on evidence based solutions for the use of the Treasury and at ONA, the World Bank His main research interest is on land for agriculture whilst maintaining and the IMF on international economics, macroeconomic theory and policy. He is natural resources and ecosystems. He foreign investment, the financial system, the Chief Editor of Economic Theory and worked with CSIRO from 2003 – 2010, national security, and infrastructure. In Business Management. where he led the Davies Laboratory and 2014, the DC based Woodrow Wilson helped establish the Australian Tropical Center for Public Scholars published his Science Innovation Precinct (ATSIP) at JCU book, International Cooperation in a Time in Townsville. Professor Gordon has also of Transition: The IMF, G20 and the Global been working on issues concerning Financial Crisis. sustainable development in China.

Steven Kates Jammie Penm Wing Thye Woo

Steven Kates is Associate Professor of Jammie Penm is Chief Commodity Analyst Wing Thye Woo is Professor at the Economics at RMIT University in and Assistant Secretary, Agricultural University of California at Davis. He also Melbourne. Most of his career was, Commodities and Trade Branch at plays a key role in several other however, spent as the Chief Economist of Australian Bureau of Agricultural and institutions such as the Jeffrey Cheah Australia’s national employers’ Resource Economics and Sciences Institute on Southeast Asia in Kuala association. His major interest is in the (ABARES). His professional expertise and Lumpur, the East Asian Program at classical theory of the cycle. His Free achievements revolve around commodity Columbia University. His current research Market Economics is John Stuart Mill’s analysis and economic research important focuses on macroeconomic management 1848 Principles of Political Economy re- to Australia’s primary industries. He has of open economies and on China’s growth written for the twenty-first century. been on numerous trips to China over the challenges. Prof Woo has also served past years, contributing to the conclusion many other key roles at various national of the Australia-China Free Trade and international bodies such as special Agreement. Before joining the ABARES, advisors to the U.S. Treasury, the United Jammie worked at former Industries Nations, the Prime Minister of Malaysia. Assistance Commission. He has a PhD in Currently he is the President of the US econometrics from the Australian National Chinese Economists Society. University.

9 CONCURRENT SESSIONS 15 minutes for each speaker followed by 5 minutes’ discussion, with open discussion at the end of the session. In each session, the next speaker discusses the paper of current speaker, with the first speaker discussing the last paper.

Session Number 1: Macroeconomy

Venue: Room D3:063 Time: 10:40 - 12:10 Monday 18 July Chair: Xunpeng Shi, National University of Singapore

A Rebalancing Chinese Economy: Challenges and International Implications Guonan Ma, Bruegel Ivan Roberts, Reserve Bank of Australia Gerard Kelly, Reserve Bank of Australia Discussant: James Laurenceson, University of Technology Sydney

Chinese Macroeconomic Policy Spillovers on Australia Fabrizio Carmignani, Griffith University James Laurenceson, University of Technology Sydney Marilyn Pan, University of Technology Sydney Discussant: Bi Yujiang, Lixin University of Commerce

US Monetary Policy Shocks and the Chinese Economy: A GVAR Approach Bi Yujiang, Shanghai Lixin University of Commerce Sajid Anwar, University of Sunshine Coast Discussant: Zhang Deyong, Chinese Academy of Social Sciences

Evaluation of Fiscal Management Reform in China since 1994 Zhang Deyong, Chinese Academy of Social Sciences Discussant: Ivan Roberts, Reserve Bank of Australia

Session Number 2: Firm Behaviours

Venue: Room D3:059 Time: 10:40 - 12:10 Monday 18 July Chair: Guiying Laura Wu, Nanyang Technological University

Outward FDI and Domestic Input Distortions: Evidence from Chinese Firms Cheng Chen, Wei Tian, University of International Business and Economics Miaojie Yu, Discussant: Junjie Xia, University of Southern California

Trade Credit, Financing Structure and Growth – Theory and Evidence Junjie Xia, University of Southern California Discussant: Qingyuan Du,

10 Importer Heterogeneity and Exchange Rate Pass-through Mi Dai, Beijing Normal University Qingyuan Du, Monash University Yaqi Wang, Central University of and Economics Jianwei Xu, Beijing Normal University Discussant: QIU Bin,

Product Innovation, Heterogeneous Productivity and the Dual Margins of Chinese Exporting Firms HAO Liangfeng, Southeast University QIU Bin, Southeast University CHEN Xu, Southeast University SUN Shaoqin, University of Information Science and Technology Discussant: Miaojie Yu, Peking University

Session Number 3: Productivity, R&D and Innovation

Venue: Room D3:144 Time: 10:40 - 12:10 Monday 18 July Chair: Dahai Fu, Central University of Finance and Economics

Productivity, Efficiency and Technical Change Directions of China’s Grain Production: Application of the Bias-corrected Malmquist Indices Tian-xiang Li, Nanjing Agricultural University Tomas BALEŽENTIS, Lithuanian Institute of Agrarian Economics Li-juan CAO, Nanjing Agricultural University Jing ZHU, Nanjing Agricultural University Wu-sheng YU, University of Copenhagen Discussant: Chen Jian, Southeast University

Import Technological Spillover, Correlation Effect and its Influence on Improving China Industrial Productivity - An Analysis Based on Structural Decomposition Chen Jian, Southeast University Discussant: Xing Shi, University of Western Australia

Evolution of Product-embodied R&D in China Xing Shi, University of Western Australia Yanrui Wu, University of Western Australia Discussant: Zhifeng Wang, Nanyang Technological University

The Evolution and Distribution of Productivity of Chinese Manufacturing Guiying Laura Wu, Nanyang Technological University Qu Feng, Nanyang Technological University Zhifeng Wang, Nanyang Technological University Discussant: Tian-xiang Li, Nanjing Agricultural University

11 Session Number 4: Agricultural Economics

Venue: Room D3:149 Time: 10:40 - 12:10 Monday 18 July Chair: Komla Tsey, James Cook University

The Spatial and Temporal Impact of Climate Factors on Oilseed Rape Yield in China He Yaqin, Huazhong Agricultural University Revell J.Brian, Harper Adams University Leng Bofeng, Huazhong Agricultural University Feng Zhongchao, Huazhong Agricultural University Discussant: LU Hua, Nanjing Agricultural University

Land Fragmentation, Plot Size and Efficiency of Agricultural Production — Based on an Empirical Analysis of Survey Data in Province, China LU Hua, Nanjing Agricultural University HU Hao, Nanjing Agricultural University Discussant: Chunlai Chen, Australian National University

The Impact of Outward Foreign Direct Investment on China’s Regional Economic Growth Chunlai Chen, Australian National University Discussant: WANG Ying, Nanjing Agricultural University

Does the Development of Outsourcing Market Promote the Farmer's Consumption for Agricultural Outsourcing Service? WANG Ying, Nanjing Agricultural University ZHAN Jin-tao, Nanjing Agricultural University Discussant: He Yaqin, Huazhong Agricultural University

Session Number 5: Economic Growth and Development

Venue: D3:063 Time: 13:00 - 14:30 Monday 18 July Chair: Taha Chaiechi, James Cook University

Avoiding Development Traps Ren Hao, Discussant: Jiawei Mo, University of Hong Kong

From Manufacturing to Land Financing: China’s New Growth Model? Jiawei Mo, University of Hong Kong Shiyuan Chen, University of Hong Kong Discussant: Qin Meng, Southeast University

Impact of Urban Sprawl on Regional Economic Growth: Evidence based on DMSP Night-time Light Data Qin Meng, Southeast University Liu Xiuyan, Southeast University Discussant: Zongyue He, Beijing Normal University China's Economic Development and Its Stage Characteristics Zongyue He, Beijing Normal University Xuguang Song, Beijing Normal University Discussant: Ren Hao, Tsinghua University

12 Session Number 6: Productivity, R&D and Innovation

Venue: D3:059 Time: 13:00 - 14:30 Monday 18 July Chair: Maciej Kotowski, Harvard University

Trade and R&D Activities in China Yixiao Zhou, Curtin University Ligang Song, Australian National University Discussant: Yu Qin, National University of Singapore

International Technology Transfer and Domestic Innovation: Evidence from the High-Speed Rail Sector in China Yatang Lin, London School of Economics Yu Qin, National University of Singapore Zhuan Xie, Peking University Discussant: Guiying Laura Wu, Nanyang Technological University

Estimating Productivity of Public Investment Guiying Laura Wu, Nanyang Technological University Qu Feng, Nanyang Technological University Zhifeng Wang, Nanyang Technological University Discussant: Yanrui Wu, University of Western Australia

Does University-industry Collaboration Improve Chinese Firms’ Innovation Efficiency? Xing Shi, University of Western Australia Yanrui Wu, University of Western Australia Dahai Fu, Central University of Finance and Economics Discussant: Yixiao Zhou, Curtin University

Session Number 7: Regional Economics

Venue: D3: 144 Time: 13:00 - 14:30 Monday 18 July Chair: Ivan Roberts, Reserve Bank of Australia

Does Export Diversification Matter for China's Regional Growth? Dahai Fu, Central University of Finance and Economics Yanrui Wu, University of Western Australia Ying Zhang, Chinese Academy of Social Science Discussant: Rui-cong Sang, Shanghai Lixin University of Commerce

Regional Policy and Industrial Relocation in China: A Panel Data Analysis Rui-cong Sang, Shanghai Lixin University of Commerce Sajid Anwar, University of Sunshine Coast W. Robert J. Alexander, University of Sunshine Coast Discussant: Nicolaas Groenewold, University or Western Australia

The Effects Within and Between Regions of Output Shocks in China Anping Chen, Nicolaas Groenewold, University or Western Australia Discussant: Jihong Li, China University of Geosciences

13 Research on Coupling Coordination Between Urbanization and Economic Development in Province Jihong Li, China University of Geosciences Hongyun Ma, China University of Geosciences Qi Huang, China University of Geosciences Discussant: Dahai Fu, Central University of Finance and Economics

Session Number 8: Urbanization and Real Estate

Venue: D3:149 Time: 13:00 - 14:30 Monday 18 July Chair: Lilai Xu, RMIT University

The Determinants of Chinese Outward Real Estate Investment Jingjing Zhang, Chyi Lin Lee, Western Sydney University Discussant: Andy Wui Wing Cheng, Hang Seng Management College

Housing Price and Crime: Evidence from China Andy Wui Wing Cheng, Hang Seng Management College Tsun Se Cheong, Hang Seng Management College Victor Li, Hang Seng Management College Discussant: Caixia Liu, Jinan University

The Determinants of Tenure Choice in Urban China Caixia Liu, Jinan University Xian Zheng, Jinan University Eddie C.M. Hui, Hong Kong Polytechnic University Discussant: Li Songlin, Southeast University

The Path of Urbanization in China: Monocentric Mega-city or Polycentric City Cluster? Li Songlin, Southeast University Liu Xiuyan, Southeast University Discussant: Jingjing Zhang, Nanjing Audit University

Session Number 9: Banking and Finance

Venue: D3:063 Time: 10:15 - 11:45 Tuesday 19 July Chair: Shiguang Ma, University of Wollongong

IPO Underpricing in Hong Kong: New Evidence Lee Wai Choi, Hang Seng Management College Discussant: Wei Yin, Southeast University

Limited Loan Rate Differentiation and the Determination of Loan Terms in the Chinese Commercial Credit Market Kent Matthews, Cardiff University Wei Yin, Southeast University Discussant: Wenjuan Ruan, Murdoch University

14 R&D Investment, Employee Treatment and Stock Return Wenjuan Ruan, Murdoch University Grant Cullen, Murdoch University Dominic Gasbarro, Murdoch University Erwei Xiang, Edith Cowan University Discussant: Lilai Xu, RMIT University

Enterprise Risk Management for FDI in China: Scope and Framework KB Oh, La Trobe University Lilai Xu, RMIT University Nga Le Thu Pham, Hanoi University J. Sturdy, La Trobe University J. Wang, Beijing Information Science Technology University Discussant: Lee Wai Choi, Hang Seng Management College

Session Number 10: Consumption

Venue: D3:059 Time: 10:15 - 11:45 Tuesday 19 July Chair: Tracey Mahony, James Cook University

Research on the Impact of Dairy Products Imports on Dairy Industry of China - A Case Study of Dairy Import from Australia WEI Yan-jiao, Nanjing Agricultural University Discussant: Meen Chee Hong, James Cook University

The Determinants of Chinese Muslims Consumption on Halal Personal Care Products Meen Chee Hong, James Cook University Sizhong Sun, James Cook University Rabiul Beg, James Cook University Zhou Zhang Yue, James Cook University Discussant: Xin Gu, Southeast University

Understanding Consumption Patterns: A Study of China’s Urban Residents by Income Levels Xin Gu, Southeast University Discussant: Teddy Wen, James Cook University

Astronomy Tourism in China: Exploring an Emerging Market Teddy Wen, James Cook University Discussant: WEI Yan-jiao, Nanjing Agricultural University

Session Number 11: Environmental Economics

Venue: D3:144 Time: 10:15 - 11:45 Tuesday 19 July Chair: Diane Jarvis, James Cook University

Decoupling Economic Growth from Air Pollution in Chinese Cities Xiumei Guo, Curtin University Dora Marinova, Curtin University Discussant: Wu Ya, Jinan University

15 Means of Transformation to a Low-carbon Economy in Province, China in Terms of Domestic Demand, Foreign Trade, and Industrial Upgrading Wu Ya, Jinan University Discussant: Yuk-shing CHENG, Hong Kong Baptist University

Property Rights Reform in China’s Forestland–Management Incentives and Ecological Protection Yuk-shing CHENG, Hong Kong Baptist University Discussant: Huaqing Wu, Hefei University of Technology

Are the Central Government’s Environmental Policies Effective? An Efficiency Analyses for China’s Provincial Production and Treatment Processes Qiong Xia, Hefei University of Technology Ming Lia, Hefei University of Technology Ya Chen, Hefei University of Technology Huaqing Wu, Hefei University of Technology Discussant: Xiumei Guo, Curtin University

Session Number 12: Foreign Direct Investment

Venue: D3:149 Time: 10:15 - 11:45 Tuesday 19 July Chair: Josephine Pryce, James Cook University

Cross-Country Dissemination of Culture via FDI: Micro Evidence from China Faqin Lin, Central University of Finance and Economics Discussant: Chunlai Chen, Australian National University

The Impact of Coastal Foreign Direct Investment on China’s Inland Urbanisation Chunlai Chen, Australian National University Yan Wu, Beijing Normal University Discussant: Tsun Se Cheong, Hang Seng Management College

Evolutionary Trend of Foreign Direct Investment in China: A Combined Decomposition and Transitional Dynamics Approach Tsun Se Cheong, Hang Seng Management College Andy Wui Wing Cheng, Hang Seng Management College Jing Li, Hang Seng Management College Discussant: Haichun Ye, of Finance and Economics

FDI, Trade Credit, and Transmission of Global Liquidity Shocks: Evidence from Chinese Manufacturing Firms Shu Lin, Haichun Ye, Shanghai University of Finance and Economics Discussant: Faqin Lin, Central University of Finance and Economics

16 Session Number 13: Industrial Economy

Venue: D3:063 Time: 12:45 - 14:15 Tuesday 19 July Chair: Hongbo Liu, James Cook University

Lending to Private Firms: Evidence from China on the Role of Firm Openness and Bribery Wenjuan Ruan, Murdoch University Erwei Xiang, Edith Cowan University Shiguang Ma, University of Wollongong Discussant: Hongbo Cai, Beijing Normal University

An Enquiry into the Spatial Distribution of Foreign Firms in China Hongbo Cai, Beijing Normal University Eleonora Cutrini, University of Macerata Discussant: Ruohan Zhang, Jinan University

Financial Inclusion and the Formation of Entrepreneurs: Evidence from China Zhaobin Fan, Jinan University Ruohan Zhang, Jinan University Discussant: Shiguang Ma, University of Wollongong

Session Number 14: Institution and Energy

Venue: D3:059 Time: 12:45 - 14:15 Tuesday 19 July Chair: James Laurenceson, University of Technology Sydney

Spatial Impact of Economic Structure Reform on China's Energy Consumption — Perspective of Satellite Lighting Data from Prefecture-level City Nan Zhao, Beijing Normal University Xuguang Song, Beijing Normal University Tianyang Ji, Beijing Normal University Discussant: SHI Xunpeng, National University of Singapore

Uncertainties in China’s Gas Market and Their Impact SHI Xunpeng, National University of Singapore Hari MP, National University of Singapore Jacqueline Tao, National University of Singapore Discussant: Steven Kates, RMIT University

Political Economy in Crisis: Were the Classical Economists Right After All? Steven Kates, RMIT University Discussant: Erwei Xiang, Edith Cowan University

Institutional Background, Corporate Social Responsibility and Tax Avoidance Yuanhui Li, Beijing Jiaotong University Qingqing Wang, Beijing Jiaotong University Erwei Xiang, Edith Cowan University Discussant: Nan Zhao, Beijing Normal University

17 Session Number 15: International Trade

Venue: D3-144 Time: 12:45 - 14:15 Tuesday 19 July Chair: Miaojie Yu, Peking University

Export Competitiveness of Agricultural Industry From Emerging Market: A Cluster Analysis Based on Genetic Algorithm in Complex Network Da Huo, Central University of Finance and Economics Haibo Wang, Texas A&M International University Discussant: Yanyan Xiong, Southeast University

Factor Endowments, Trade and Income Inequality: Evidence from China Yanyan Xiong, Southeast University Discussant: Wenxiao Wang, University of Adelaide

Export, Quality Specialization and Wage Gap Yihong Tang, Central University of Finance and Economics Wenxiao Wang, University of Adelaide Discussant: Hao Xiao, University

Trade Creation Effect and Trade Diversion Effect in Global Value Chain: An Application in Sino-Korean FTA Hao Xiao, Cong Yan, Hunan University Huimin Bi, Hunan University Jue Chen, Hunan University Discussant: Da Huo, Central University of Finance and Economics

Session Number 16: Labour Economics

Venue: D3:149 Time: 12:45 - 14:15 Tuesday 19 July Chair: Sajid Anwar, University of Sunshine Coast

New Cooperative Medical Scheme and Self-Employment in Rural China Gatwaza H. Thierry, China Agricultural University Baozhong Su, China Agricultural University Discussant: Zhaobin Fan, Jinan University

International Migration, Human Capital Composition and the Middle-Income Trap Zhaobin Fan, Jinan University Discussant: XIANG Jing, Chinese Academy of Social Science

China’s Rural Population Dynamics and Urbanization Estimate XIANG Jing, Chinese Academy of Social Science Discussant: Lin Pan, Jinan University

International Migration and Knowledge Diffusion: Evidence from OECD Countries Zhaobin Fan, Jinan University Lin Pan, Jinan University Chengyaohang Li, Jinan University Discussant: Baozhong Su, China Agricultural University

18 Session Number 17: Public Economics

Venue: D3:063 Time: 14:30 - 16:00 Tuesday 19 July Chair: James Cheong, Hang Seng Management College

Structural Change with Public Educational Expenditure: Evidence from China Xun Zhang, Beijing Normal University Discussant: Le Ma, The University of Sydney

The Effectiveness of Innovation-Oriented Government Policy: The Case of China Demetris Christodoulou, The University of Sydney Baruch Lev, New York University Le Ma, The University of Sydney Discussant: Xiyang Zheng, Sun Yat-sen University

New Cooperative Medical Scheme Assigned Hospital Administration and Expenditure Control in China Xiyang Zheng, Sun Yat-sen University Tingting Qu, Sun Yat-sen University Shuguang Shen, Sun Yat-sen University Discussant: Jing LIU, Australian National University

Infrastructure Investment Under Public-Private Partnership in China and its Policy Implications Jing LIU, Australian National University Discussant: Xun Zhang, Beijing Normal University

Session Number 18: Recent Development of Economic Theory

Venue: D3:059 Time: 14:30 - 16:00 Tuesday 19 July Chair: Qingyuan Du, Monash University

Multi-period Matching Sangram V. Kadam, Harvard University Maciej H. Kotowski, Harvard University Discussant: C. Simon Fan, Lingnan University

Relative Deprivation, Social Distance, and Social Norms C. Simon Fan, Lingnan University Oded Stark, Universities of Bonn and Georgetown University Discussant: Yang Jingran, Renmin University of China

Productivity, Politics, and the Optimal Qualifying Competition Yang Qijing, Renmin University of China Yang Jingran, Renmin University of China Discussant: PANG Yu, Macau University of Science and Technology

Profitable Pollution Abatement? A Worker Productivity Perspective PANG Yu, Macau University of Science and Technology Discussant: Maciej H. Kotowski, Harvard University

19 Session Number 19: Agricultural Economics

Venue: D3:144 Time: 14:30 - 16:00 Tuesday 19 July Chair: Chunlai Chen, Australian National University

Cold Chain Logistics in China and its Impact on the Export of Australian Perishable Food Products Yahua Zhang, University of Southern Queensland Alice Woodhead, University of Southern Queensland Discussant: FENG Xiaolong, Northwest A&F University

What Motivates Farmers’ Adaptive Intention to Climate Change: The Case from Apple Farmers of in China? FENG Xiaolong, Northwest A&F University HUO Xuexi, Northwest A&F University Discussant: Zhang Qian, Nanjing Agricultural University

Subsidy Policies and Rice Planting Pattern Choices: An evidence From the Investigate of Hunan Province Zhang Qian, Nanjing Agricultural University Wang Quanzhong, Nanjing Agricultural University Zhou Hong, Nanjing Agricultural University Discussant: LENG Bo-feng, Huazhong Agricultural University

Recut the Cheese: The Impacts of Agriculture Subsidy Change to Farmer’s Satisfaction on Land Circulation LENG Bo-feng, Huazhong Agricultural University FENG Zhong-chao, Huazhong Agricultural University and Center of Rural Development Discussant: Yahua Zhang, University of Southern Queensland

Session Number 20: Inequality

Venue: D3:149 Time: 14:30 - 16:00 Tuesday 19 July Chair: Yuk-shing Cheng, Hong Kong Baptist University

The Relationship Between Housing Price and Rural-urban Disparity in China Jing Li, Hang Seng Management College Tsun Se Cheong, Hang Seng Management College Discussant: Chaoping Lu, Nanjing Agricultural University

The Economic Disparities and Their Spatial-temporal Evolution in China at Multi-Levels: A Study Based on the Global Night-time Light Data Chaoping Lu, Nanjing Agricultural University Yingheng Zhou, Nanjing Agricultural University Binjian Yan, Nanjing Agricultural University Discussant: Jinzhi Tong,

An Empirical Study of the Income Redistribution Effect of the Taxes Imposed on Citizens in China Jinzhi Tong, Xiamen University Zhuzhu Zhou, Xiamen University Discussant: Jing Li, Hang Seng Management College

20 LIST OF CONFERENCE PARTICIPANTS (Note: Participants of Policy Forum and Tourism Forum are not included in this list)

First Name Surname Organisation Name/JCU Account Number Sajid Anwar University of the Sunshine Coast Yuijang Bi Shanghai Lixin University of Commerce Hongbo Cai Beijing Normal University Taha Chaiechi James Cook University Chunlai Chen Australian National University George Chen Australian Trade and Investment Commission (Austrade) Jian Chen Southeast University Shiyuan Chen The University of Hong Kong Andy Cheng Hang Seng Management College Yuk-shing Cheng Hong Kong Baptist University Tsun Cheong Hang Seng Management College Qingyuan Du Monash University Cheng Ze Fan Lingnan University Zhaobin Fan Jinan University Fuqian Fang Renmin University of China Hanming Fang University of Pennsylvania Xiaolong Feng Northwest A&F University Dahai Fu Central University of Finance and Economics Iain Gordon James Cook University Nicolaas Groenewold University of Western Australia Xin Gu Southeast University Xiumei Guo Curtin University Liangfeng Hao Southeast University Yaqin He Huazhong Agricultural University Sam Huang University of South Australia Da Huo Central University of Finance and Economics Diane Jarvis James Cook University Xiang Jing Chinese Academy of Social Sciences Zhan Jintao Nanjing Agricultural University Jiangang Kang Education Office of Chinese Embassy in Australia Steven Kates RMIT University Gerard Kelly Reserve Bank of Australia Maciej Kotowski Harvard University James Laurenceson University of Technology Sydney Wai Lee Hang Seng Management College Chris Legg The Treasury Bo-feng Leng Huazhong Agricultural University Jihong Li China University of Geosciences Songlin Li Southeast University Tianxiang Li Nanjing Agricultural University Faqin Lin Central University of Finance and Economics Shu Lin Fudan University Caixia Liu Jinan University 21 First Name Surname Organisation Name/JCU Account Number Hongbo Liu James Cook University Jing Liu Australian National University David Low James Cook University Chaoping Lu Nanjing Agricultural University Hua Lu Nanjiang Agricultural University Le Ma University of Sydney Shiguang Ma University of Wollongong Tracey Mahony James Cook University Jiawei Mo The University of Hong Kong Lin Pan Jinan University Yu Pang Macau University of Science and Technology Philip Pearce James Cook University Jammie Penm Australian Bureau of Agricultural and Resource Economics and Sciences Luigi Pistaferri Stanford University Josephine Pryce James Cook University Meng Qin Southeast University Yu Qin National University of Singapore Bin Qiu Southeast University Tingting Qu Sun Yat-sen University (China) Hao Ren Tsinghua University Dane Richmond Australian Trade and Investment Commission (Austrade) Ivan Roberts Reserve Bank of Australia Wenjuan Ruan Murdoch University Sang Ruicong Shanghai Lixin University of Commerce Luisa Rust Australian Trade and Investment Commission (Austrade) Shuguang Shen Sun Yat-sen University (China) Xunpeng Shi National University of Singapore Xing ShiI The University of Western Australia Xuguang Song Beijing Normal University Sizhong Sun James Cook University Yanwen Tan South China Agricultural University Yihong Tang Central Univerisity of Finance and Economics Wei Tian University of International and Business and Economics Jinzhi Tong Xiamen University Komla Tsey James Cook University Jing Victor Hang Seng Management College Haibo Wang Texas A&M International University Zhifeng Wang Nanyang Technological University Wenxiao Wang University of Adelaide Ying Wang Nanjing Agricultural University Yanjiao Wei Nanjiang Agricultural University Teddy Wen James Cook University Wing Thye Woo University of California, Davis Guiying Wu Nanyang Technological University Huaqing Wu Hefei University of Technology Ya Wu Jinan University Yanrui Wu University of Western Australia Junjie Xia University of Southern California, USA

22 First Name Surname Organisation Name/JCU Account Number Erwei Xiang Edith Cowan University Hao Xiao Hunan University Yanyan Xiong Southeast University Lilai Xu RMIT University Xiao Xu Education Office of Chinese Embassy in Australia Jingran Yang Renmin University of China Haichun Ye Shanghai University of Finance and Economics Wei Yin Southeast University Miaojie Yu Peking University Huasheng Zeng South China Agricultural University Ruohan Zhang Jinan University Deyong Zhang Chinese Academy of Social Sciences Jingjing Zhang Nanjing Audit University Qian Zhang Nanjiang Agricultural University Shane Zhang University of Southern Queensland Xun Zhang Beijing Normal University Nan Zhao Beijing Normal University Xiyang Zheng Sun Yat-sen University Yixiao Zhou Curtin University Zhangyue Zhou James Cook University Delin Zhuang Hefei University of Technology He Zongyue Beijing Normal University

23 JAMES COOK UNIVERSITY CAIRNS CAMPUS MAP

Only park in FREE PUBLIC green areas

24 THE CAIRNS INSTITUTE MAPS

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