Information About the 2014 IEA Congress

2. Information about the congress

2.1. Organization

The 2014 IEA World Congress is being held at the invitation of and with the support of the Royal Court of Jordan.

2.1.1. Organizers and partners

International Economic Association (IEA) The IEA is an international federation of national economic associations, formed by a core group of academics, scholars, and distinguished economists, from developed and developing countries. The IEA was founded in 1950 as a non-governmental organization, with the aim to promote personal contacts and mutual understanding among economists in different parts of the world through the organization of scientific meetings, common research programs and by means of publications of an international character on economic policies and problems of current importance.

Columbia Global Centers | Middle East (CUMERC) The Columbia Global Centers | Middle East (Amman) is a major initiative launched in 2009 by Columbia University (CU) in the City of New York to expand its international presence. The Center, headquartered in Amman, provides a regional base for scholarly activities throughout the Middle East and strengthens the University’s academic partnerships and programs in the region. The Center offers opportunities for faculty to engage in onsite research, for students to experience the Middle East first, and for regional alumni and prospective students to engage directly with the University.

Partners:

Centre for International Governance Innovation (CIGI) The Centre for International Governance Innovation (CIGI) is an independent, non-partisan think tank on international governance, based in Waterloo, Ontario, Canada. Led by experienced practitioners and distinguished academics, CIGI supports research, forms networks, advances policy debate and generates ideas for multilateral governance improvements. Conducting an active agenda of research, events and publications, CIGI's interdisciplinary work includes collaboration with policy, business and academic communities around the world.

Institute for New Economic Thinking (INET) The Institute for New Economic Thinking was created to broaden and accelerate the development of new economic thinking that can lead to solutions for the great challenges of the 21st century. The Institute is supporting this fundamental shift in economic thinking through research funding, community building, and spreading the word about the need for change. We already are a global community of thousands of new economic thinkers, ranging from Nobel Prize winning economists to teachers and students who have emerged out from the shadows of prevailing economic thought, attracted by the promise of a free and open economic discourse.

Fung Global Institute (FGI) The Fung Global Institute generates and disseminates innovative thinking and business-relevant research on global issues from Asian perspectives. It aims to inform global policy and actions towards a prosperous and sustainable future for all. A rapidly changing, inter-dependent world demands new thinking on global issues to take account of the full implications of Asia’s growing share of the global economy. With this expanded framework of analysis, the Institute provides resources for business leaders as well as

1 policymakers and civil society to develop the perspectives and tools needed to navigate through this era of transformation.

International Development Centre (IDRC) The International Development Centre was created to help developing countries find solutions to their problems. It encourages, supports, and conducts research in the world’s developing regions, and seeks to apply new knowledge to the economic and social improvement of those regions. IDRC aims to increase prosperity, improve health, foster security and democracy, support innovation, and safeguard the environment in developing regions.

African Innovation Foundation (AIF) The African Innovation Foundation supports innovations and other novel initiatives with potential of contributing to sustainable development of African countries. This includes supporting homegrown innovations, facilitating technology transfer as well as supporting other platforms that enhance the exchange of ideas and collaboration among researchers, inventors, entrepreneurs, investors and policy makers. AIF also promotes transparent processes and procedures within the public sector and combat illegitimate appropriation and dissipation of resources within both the private and public domains.

Japan International Cooperation Agency Research Institute (JICA-RI) Established in 2008, the JICA Research Institute is a research arm within the Japan International Cooperation Agency, implementing applied research aimed at supporting the Agency to deliver effective development cooperation. Through the joint work of academic researchers and JICA's development practitioners, the institute has been engaged in research projects in collaboration with a wide range of international partners, and has been producing an increasing number of research publications and policy documents. To further these efforts, the JICA-RI is committed to working even harder to achieve the Agency's goal of realizing "Inclusive and Dynamic Development," especially by forging new alliances and partnerships, exploring new approaches to new challenges and creating new ideas and knowledge centres.

2.1.2. Organization

The International Economic Association (IEA) in collaboration with the Columbia University Middle East Research Center (CUMERC), and in partnership with the Institute for New Economic Thinking (INET), The Centre for International Governance Innovation (CIGI), the Fung Global Institute (FGI), the International Development Research Centre (IDRC), the African Innovation Foundation (AIF) and the Japan International Cooperation Agency Research Institute (JICA-RI), is hosting in Jordan the IEA’s Seventeenth World Congress. Aimed to promote the interaction of prominent economists towards gaining a truly world perspective on issues of global importance, the Seventeenth World Congress is scheduled from June 6th to 10th, 2014, and will be held at the King Hussein Bin Talal Convention Center (KHBTCC) on the Dead Sea, Jordan.

According to the agreement signed between the IEA and CUMERC for the organization of the congress, the IEA retained direct scientific programmatic responsibility for the World Congress, acting through its President, Prof. Joseph Stiglitz. The IEA Program Chair, Prof. Timothy Besley, formed a Program Committee to lead programmatic planning. CUMERC retained direct responsibility for the local organization of the event and gave support to the Program Committee by engaging with local and regional academic institutions, economists, and thought leaders.

Gemma Prunner-Thomas Andena coordinated the whole organization. She has worked under the auspices of the IEA Executive Committee, in particular the IEA President, Prof. Joseph Stiglitz, the IEA Scientific Program Chair, Prof. Timothy Besley, and the IEA Secretary General, Prof. Omar Licandro. She has also

2 worked in close collaboration with Pilar Palacios, Head of the IEA Secretariat, and Jiaming Ju at the Initiative for Policy Dialogue.

CUMERC has been in charge of the local logistical arrangements for the World Congress, including booking the congress venue, contracting with the local hotel, arranging catering, and other operational details concerning onsite concerns. For this purpose, CUMERC appointed a Local Organizing Committee (LOC) composed of Diala Dabbas, Nadine Kharoba, Emad Hmoud, Ruba Kalouti and Farrah Bdour.

The IEA Secretariat, working jointly with Gemma Prunner-Thomas, was responsible for the website set-up and website content management, registration of participants and all communication with them, advertising campaign, coordination between all parties involved, communication with all invited guests (including their accommodation handling) and financial management of the IEA budget for the IEA 17thWC.

Important Dates for IEA 17th WC

• August 1, 2013 Submissions of papers opened • October 31, 2013 Submission of paper deadline • January 10, 2014 Registrations opened • January 31, 2014 Notification of paper acceptance or rejection • March 15, 2014 Early registration deadline • June 6, 2014 Congress begins • June 10, 2014 Congress concludes

Venue All scientific sessions of the 17th World Congress of the IEA will be held at the King Hussein Bin Talal Convention Center (KHBTCC), on the Dead Sea, Jordan, from Friday June 6 to Tuesday June 10, 2014.

The Hilton-managed KHBTCC, which is around 45 minutes by car from Amman, nestles on the eastern shores of the Dead Sea at the heart of the Jordan Rift Valley. The Dead Sea is the lowest body of water on earth, the lowest point on earth, and the world's richest source of natural salts. One of the most spectacular natural and spiritual landscapes in the world; the Jordanian east coast of the Dead Sea has evolved into a major hub of both religious, health and wellness tourism in the region. It has already played host to major events run by the World Economic Forum, International Monetary Fund and United Nations so it really is an international centre of excellence.

The KHBTCC is within walking distance of major 4 and 5-star hotels and the organizers decided not to provide participants with travel passes. Participants/students recipients of travel grant have been accommodated in another hotel located outside the checkpoint area, but it was arranged bus services to bring them to the venue

Session Rooms Overall, the LOC booked a total number of 15 rooms with capacities ranging from 10 to 150 for the contributed sessions. Another 5 rooms ranging in capacities from 100 to 150 were booked for the invited sessions and one with capacity for 700 people for the plenary sessions.

Onsite Services • Info & registration desk (location: KHBTCC): This desk opens from 9.30 to 7pm during the days 1-4 and until 1pm on day 5). • Excursions whilst in Jordan: The local organizers have worked with a local tour operator and have arranged for a number of visits to sites of natural and historical importance in Jordan before, during

3 and after the IEA World Congress. These trips can be organized directly between the IEA World Congress delegate and the tour operator by writing an email to Ms Marina Maayah at [email protected].

WebMeets WebMeets supplied the software for submitting and handling papers, and for compiling the congress programme.

Registrations Registration opened on January 10, 2014. It was supposed to open one month before, but there were problems to set up the bank payment page.

Registration fees* were set as follows:

All fees are in EUROS (€) “Early Bird” Regular** Late (Payments received on or (Payments received (Payments before January 31) between February 1 and received on or April 4) after April 5) Regular participants €225 €300 €310 Students 1) €115 €150 €155 Jordanian Nationals €165 €165 €165 Jordanian Student €85 €85 €85 Nationals Accompanying persons €75 €75 €75

A total of 554 participants registered through the IEA WC website. This number includes all people attending the congress, including invited speakers, whose registration fees are waived, students and participants of the two IEA Roundtables held before and after the congress and the IEA Young Africans Scholar Program referred in point 2.3 below. Around 300 have paid the above described registration fees either online by credit card or by bank transfer what means an income of around €73.000. Moreover, 37 people were registered as accompanying people.

Methods of payments Registration fees were only accepted on-line with credit card (through VPOS) or by bank transfer. 267 people paid using credit card.

Catering Coffee breaks and lunch stations Lunch will be spread over two hours so all attendees will be able to grab a bit before or after the session.

Accommodation The pre-blocking of hotel rooms was outsourced by the LOC to Modern for Conferences & Exhibitions, a local event management company. A list of pre-booked hotels were uploaded on the Congress website and linked to a booking form developed by LOC. There were many problems with the handling of accommodation and delays. Furthermore, the hotels were unable to deliver the room rates they had promised months before. IEA had to comply because there are no other hotels in the area.

A total of 201 rooms were booked directly by IEA. Moreover, the selected hotels have 446 rooms booked for the congress.

4 Congress website The congress website was created as a new section of the official IEA webpage. It contained full information about the Congress, paper submission and registration procedures and contact details.

Advertising The LOC worked with graphic designers who developed the conference poster, which included a call for submission, with the information and help received by Gemma Prunner-Thomas. The IEA Secretariat printed out and sent the poster to a large number of conferences all around the world. All other advertising material (call for papers and registration, and information sheets) disseminated among different congresses and conferences was developed by the IEA Secretariat.

Dissemination Calls for Submission and Registration The IEA Secretariat sent out all calls to about 5 000 economists from different mailing lists. The calls were also sent out through the IEA institutional members and Council.

Supplies The LOC prepared branded delegate packs, with a binder that contains all WC info, along with a notebook as a giveaway.

The LOC has arranged the following events to be recorded or photographed:

1. Opening Ceremony – June 6th at 5:45 pm; Photography and Videography. 2. Gala Dinner: June 8th at 8:30 pm till 11:00 pm; Photography and Videography. 3. Day 3 of Congress: June 7th; Photography and Videography, general and random shots about the congress. 4. Some session facilitators such as IDRC have requested their session to be video shot.

2.2. Program

Program Committee

Chair: Timothy Besley Vice President IEA and London School of Economics Anton Korinek John Hopkins University Bassem Awadallah Tomoh Advisory Bruce Chapman IEA EC member and Australian National University Chenggang Xu University of Hong Kong Claudio Ferraz PUC Rio Daniel Paravisini London School of Economics Dean Karlan Yale University Domenico Lombardi CIGI Eliana La Ferrara IEA EC member and Università Bocconi Henrik Kleven London School of Economics Ishac Diwan Harvard Kennedy School Itzhak Gilboa Tel Aviv University Jong-Wha Lee Asiatic Research Institute, Korea University Leonard Watchekon Princeton University Lisa Cameron Monash University Marianne Bertrand University of Chicago Booth School of Business

5 Marta Reynal Querol Universitat Pompeu Fabra Martin Wittenberg University of Cape Town Muhamet Yildiz MIT Nancy Qian Yale University Nathan Nunn Harvard University Ricardo Reis Columbia University Rohini Somanathan IEA EC member and Delhi School of Economics Sergei Guriev New Economic School, Moscow Shigeyuki Abe Doshisha University Silvana Tenreyro London School of Economics Simon Gaechter University of Nottingham Thierry Verdier Paris School of Economics Thomas Piketty Paris School of Economics

Plenary Lectures Lecture Organizer Date ERF CUMERC / ERF June 6 Monetary Policy In A Post-Crisis World Andy Haldane June 7 IEA Presidential Address Joseph E. Stiglitz June 8 World Bank Chief-Economists Session Joseph E. Stiglitz June 9 Intro to World Bank Afternoon Roundtable Vivian Hon June 10

Invited Sessions The programme comprised 25 academic invited sessions and 21 policy sessions (two organized by CUMERC), with a total of 161 invited speakers. A number of institutions, including African Development Bank (ADB), Centre on Global Economic Governance (CGEG), CIGI, Economic Research Forum (ERF), European Bank For Reconstruction and Development (EBRD), INET, Initiative for Policy Dialogue (IPD), International Growth Centre (IGC), United Nations University World Institute for Development Economics Research (UNU-WIDER) and United Nations Department of Economic and Social Affairs (UNDESA) funded sessions. Furthermore, the IEA WC welcomed the New Economic Association, Russia, and the Association for the Study of Religion, Economics and Culture.

Academic sessions organizers:

Oganizer Academic session Marianne Bertrand (University of Chicago Booth School of Business) Bureaucrats And Public Service Delivery Silvana Tenreyro (London School of Economics) Housing And The Macroeconomy Eliana La Ferrara (Università Bocconi, Milan) Identity, Culture And Preference Formation Shigeyuki Abe (Doshisha University) Supply Chains And Economic Integration In Asia The Political Economy Of Change In The Middle East - Ishac Diwan (Harvard Kennedy School) What Is Driving Change? Leonard Watchekon (Princeton University) Historical Legacies In Latin America And Africa Bruce Chapman (Crawford School of Economics and Government, Australian National University) Income Contingent Loans For Higher Education Micro Evidence Of The Influence Of Culture On Economic Nancy Qian (Yale University) Performance

6 Claudio Ferraz (PUC-Rio) Politics And The Misallocation Of Resources Henrik Kleven (London School of Economics) Tax Evasion Jong Wha Lee (Korea University) Can Asia Sustain Growth? Marta Reynal Querol (Universitat Pompeu Fabra) Conflict And Development Itzhak Gilboa (Tel Aviv University) Knightian Uncertainty In Macroeconomics Nancy Qian (Yale University) Media And The State Recent Research On Inequality Of Opportunity In The Ishac Diwan (Harvard Kennedy School) Middle East Thierry Verdier (Paris School of Economics) Culture, Institutions And Conflicts Riccardo Reis (Columbia University) Inequality And Redistribution Over The Business Cycle Social Transfers And Their Impacts On The Labour Martin Wittenberg (University of Cape Town) Market Silvana Tenreyro (London School of Economics) The Rise Of China Marianne Bertrand (University of Chicago Booth School of Business) Women’s Education And Women’s Work Lisa Cameron (Monash University) Development Experiments Dean Karlan (Yale University) Financial Markets And Products for the Poor Financial Stability And Interdependence: Theory And Stefano Battiston Empirics (INET) Chenggang Xu (University of Hong Kong) Political Economy Of Non-Democratic Regimes Nancy Qian (Yale University) Resources And Conflict

Policy sessions organizers:

Oganizer Invited session Recent Advance In Macro-Economic Theory And Policy: Robert Johnson (INET) Beyond The Global Financial Crisis Challenges And Dilemmas Of Policy-Making After The Arab Bassem Awadallah (Tomoh Advisory) Spring Justin Lin (China Center for Economic Industrial Policy And Structural Transfirmation In The New Research) Germany Jan Svejnar (Columbia University) Investment, Innovation And Well Being (CGEG) Anton Korinek (John Hopkins University) Macroeconomic Externalities James Galbraith (University of Texas at Austin) New Approaches To The Economics Of Inequality Christian Gollier (Toulouse School of Understanding Climate Impacts And The Social Cost Of Economics) Carbon Paul de Grauwe (London School of Economics) What Policy Reforms For The Survival Of The Euro Jose Ocampo (Columbia University Capital Account Regulations Bruce Chapman (Australian National University) Income Contingent Loan As A Risk Instrument Session Lessons For Prudential Regulation In The Aftermath Of The Andy Haldane (Bank of England) Financial Crisis Ravi Kanbur (Cornell University) The Post-2015 Development Agenda Centre for International Governance Global Goverance Reform; Reforming The International Innovation (CIGI) Financial Architecture To Support Longer Term Economic

7 Policies Martine Durand (OECD) Measuring Economic Performance And Well-Being Paul Collier (University of Oxford) Natural Resources Karla Hoff (World Bank) The World Development Report 2015: Mind and Culture Think Tanks: Promoting Local Solutions, Influencing Peter Taylor (IDRC) Regional And Global Thinking Transition to Transition (T2T): Is Transition In North Africa Erik Berglöf (EBRD) And The Middle East and Central And Eastern Europe Stuck? Timothy Besley (IEA & LSE) IGC: Bringing Growth Policy And Research Together

Contributed Sessions (Submissions and Presentations) The total number of contributed papers submitted through WebMeets was 576. The number of accepted papers was 424. After dropouts, 286 papers were inserted on the final contributed session, divided into 93 contributed sessions

WebMeets handled submissions and session building. The detailed programme was published on April 4.

The papers scheduled for presentation were from 47 different countries. The largest numbers came from United States (45) followed by Italy (35), Germany (25) and United Kingdom (24). Jordan had 2 papers.

2.3 Social Program and Other Events

Opening Ceremony The LOC are still working on the open ceremony.

Gala dinner The Gala dinner will be held on June 8 at 8:30 pm till 11:00 pm; and will be served at Philadelphia Hall.

IEA meetings An overview of the side meetings planned by IEA on-site is found below. The LOC contacted with Marriott hotel and KHBTCC and provided rooms for these meetings. Some other meetings were held off-site and organized directly by the associations.

Event Time People RETIRING EX COMM Thu 5, 5 – 7pm. Marriott hotel 12 IEA COUNCIL Fri 6, 8 – 10am. Marriott hotel 50 NEW EX COMM Sat 7, 8 – 10am. KHBTCC 20

Dinners Members of the retiring Executive Committee will be invited to a dinner on June 5th right after the meeting at Marriott hotel.

On June 7th a reception will be held at Marriott hotel after the end of the sessions planned for this day. There will be invited all Executive Committee members (retiring and new), members of the IEA Council, sponsors and partners.

8 Book launch Launch of the IEA volume Income Contingent Loan. This book is the compilation of the papers presented at the IEA roundtable held in Bangkok in March 2013. This reception will take place after the plenary session on June 9 on the terraces of the KHBTCC and will be open to IEA delegates.

IEA Roundtables • IPD/JICA Task Force on Transformation, Industrialization and Industrial Policies This roundtable will be held on June 5-6 and will be organized by Akbar Noman (Columbia University), Jose Antonio Ocampo (Columbia University), Joseph Stiglitz (Columbia University), Go Shimada (JICA) and Akio Hosono (JICA). It will be chaired by Joseph Stiglitz (Columbia University) and will have some 30 invited participants. This is to be the first meeting of a task force jointly established by the Initiative for Policy Dialogue (IPD) at Columbia University and the Japan International Cooperation Agency (JICA). ). After a prolonged neglect, there has been of late a revival of interest in the nexus of issues of economic transformation, industrialization and industrial policies. The Task Force aims to build on and foster this revival. Whilst industrial policies are highly relevant to industrialization, the focus is not confined to industry. The term is used in a broader sense to refer to policies that promote economic transformation and learning, including in modern services and agriculture. It would be more accurate to refer to them as learning, industrial and technology (LIT) policies (but given the familiarity with the term, industrial policies, the two may be used interchangeably). • Shared Prosperity After the IEA World Congress, it will be held another roundtable on Shared Prosperity. It will be organized by Kaushik Basu (World Bank) and Joseph Stiglitz (Columbia University) and chaired by Kaushik Basu (World Bank). It will have around 40 participants. The issues of inequality and shared prosperity have increasingly gained attention in the development policy agenda of international organizations like the OECD, IMF and the World Bank. Similarly, countries, regardless of their development levels, are trying to better understand the linkages between inequality and growth. Inequality has come into the mainstream of economic policy discourse in a major way and this opens up scope for exciting new research, analysis and policy. This session will address questions from measurements of income distribution, trends within and across regions of the world, and the linkages/trade-offs between inequality and growth.

IEA Young African Scholars Program This special session aims to provide a forum for discussing innovative theoretical and empirical research on the key challenges facing Africa, and to facilitate the exchange of views among researchers and policymakers as the continent search its path towards economic emergence. AIF and JICA have contributed to this program to make possible the attendance of 35 young African students to participate in this program.

2.4. Budgets

According to the Memorandum of Understanding signed between IEA and CUMERC, each institution would manage its own budget in accordance to each other and both budgets would have to be approved by both parties.

9 IEA’s budget is as follows:

Expenses: Income: IEA organizing team $ 61 000 Sponsorship $ 438 000 IEA EC $ 49 000 Registration fees $ 73 000 IEA Council $ 53 000 Invited speakers $ 184 000 IDRC grants $ 63 000 YASP students $ 75 000 Publicity $ 6 000 Others $ 25 000

TOTAL $ 516 000 TOTAL $ 511 000

Unfortunately, we cannot offer information about the budget managed by CUMERC.

Travel Grants

The International Development Research Centre (IDRC) contributed CAD 70.000 for travel grants for young researchers from developing countries. 29 students have been awarded grants varying from $1000 to up to $2000. The IEA Programme Chair assigned the grants.

Furthermore, the African Innovation Foundation (AIF) and the Japan International Cooperation Agency (JICA) contributed with $50.000 and $25.000, respectively, to grant 37 African students presenting in a special event organized by Celestin Monga (World Bank).