PROGRAM

French/Japanese Conference
Asian and International Economies in an Era of Globalization
September 20-21, 2024
Venue: Sciences Po Aix, 25 Rue Gaston de Saporta, 13100 Aix-en-Provence (France)

A selection of papers presented will be considered for publication in the following journals:

List of presenters by sessions, and keynote speakers:
Pedro Albuquerque, session A02
Cristina Badarau, session C03
Frédérique Bec, session B03
Aditi Chaubal, session B03
Helena Chulia, session A05
Peter Claeys, session B02
Laura Contreras-Portela, session B01
Cécile Couharde, session A04
Dramane Coulibaly, session A02
Jérôme Creel, session A03
Masahiro Enya, session D01
Mathilde Esposito, session C04
Sylvie Marie-Louise Eyeﬀa Ekomo, session D02
Laurent Ferrara, session B04
Elsa Gautrain, session C02
Céline Gimet, session A01
Eric Girardin, session C01
Ricardo Guzman, session D04
Masashige Hamano, session A02
Mark Harrison, keynote speaker
Hideaki Hirata, session A03
Ito Hiro, session C03
Keiko Ito, session D03
Benjamin Keddad, session B03
Jeong-Ran Kim, session C04
Fukunari Kimura, keynote speaker
Akira Kohsaka, session C01
Satoshi Koibuchi, session A05
Nan Liu, session A05
Michel Lubrano, session C02
Chang Ma, session A01
Kohmei Makihara, session D04
Yuki Masujima, session D03

Takashi Matsuki, session D02
Mathilde Maurel, session A04
Aaron Mehrotra, session D01
Stéphanie Monjon, session A04
Christophe Muller, session C02
Misa Okabe, session D03
Sheue-Li Ong, session B04
Elisenda Paluzie, session B01
Bokyeong Park, session B04
Erica Perego, session B02
Benoît Pouget, session C04
Marc Pourroy, session D01
Xingwang Qian, session B04
Mary-Françoise Renard, keynote speaker
Hélène Rey, keynote speaker
Fabien Rondeau, session D03
Sanchari Roy, session D04
Jamel Saadaoui, session B02
Ababacar Sambe, session B01
Gianluca Santoni, session A01
Junko Shimizu, session A05
Kimiko Sugimoto, session C03
Harutaka Takahashi, session B01
Cecilio Tamarit, session A03
Federico Trionfetti, session A02
Camelia Turcu, session A04
Marcela Valenzuela, session B02
Wessel Vermeulen, session A03
Nathan Vieira, session C01
Yushi Yoshida, session A01
Uraku Yoshimoto, session D02
Weiyang Zhai, session B03

Friday, September 20
08:00-08:30

Welcoming coﬀee break and registration [Work-café]

08:30-08:45

Welcome address by Gilles Dufrénot and Kiyotaka Sato [Amphi Cassin]

08:45-09:00

Opening remarks by Jean-François Marchi (Vice-president in charge of international
relations at Aix-Marseille University), Rostane Mehdi (Sciences Po Aix director), Alain
Venditti (AMSE director), and Hiroshi Kitagawa (Consul General of Japan in Marseille)[Amphi Cassin]

09:00-10:00 Keynote speaker #1 - Hélène Rey (London Business School) [Amphi Cassin]Global cycles and multipolar world economy
Chair: Kiyotaka Sato (Yokohama National University, Japan)

10:00-10:20

Coﬀee break [Work-café]

10:30-12:30 Parallel sessions A(30’ per paper - 20’ for presentation, 5’ for questions and 5’ for discussant)Session A01 - Finance and Globalization [Room 201]
Chair: Yushi Yoshida (Shiga University, Japan)

10:30 Céline Gimet (Sciences Po Aix, AMSE, France)
Let them eat cake: does ﬁnancial and social fragmentation matter forInternational Business?
Discussant: Gianluca Santoni (CEPII, France)
11:00 Gianluca Santoni (CEPII, France)
The rising concentration of Foreign Direct Investment
Discussant: Yushi Yoshida (Shiga University, Japan)
11:30 Chang Ma (Fudan University, China)
China's Increasing Global Financial Impact
Discussant: Céline Gimet (Sciences Po Aix, AMSE, France)
12:00 Yushi Yoshida (Shiga University, Japan)
Cash-in-advance payments and transaction size: Cash-constrained importers
Discussant: Chang Ma (Fudan University, China)

Session A02 - Migration, Education and their Impact on Firms and Global Economy[Room 202]
Chair: Masashige Hamano (Waseda University, Japan)

10:30 Federico Trionfetti (Aix-Marseille Université, AMSE, France)
Immigration and Firm Performance
Discussant: Pedro Albuquerque (AMSE, France)
11:00 Dramane Coulibaly (Université Lumière Lyon 2, GATE LSE, France)
Dutch Disease in the era of energy transition: How does international migration
matter?
Discussant: Federico Trionfetti (Aix-Marseille Université, AMSE, France)
11:30 Pedro Albuquerque (AMSE, France)
The occupational singularity: Cognitive technologies as new drivers of inequality
Discussant: Masashige Hamano (Waseda University, Japan)
12:00 Masashige Hamano (Waseda University, Japan)
Higher Education Institutions as multi-product services exporters
Discussant: Dramane Coulibaly (Université Lumière Lyon 2, GATE LSE, France)

Session A03 - Unemployment and Productivity [Room 203]

Chair: Wessel Vermeulen (Newcastle University, United Kingdom)
10:30 Jérôme Creel (OFCE, France)
From Okun's Law to the ﬁscal multiplier
Discussant: Cecilio Tamarit (Universidad de Valencia, Spain)
11:00 Hideaki Hirata (Hosei University, Japan)
Understanding Global Productivity Cycles
Discussant: Wessel Vermeulen (Newcastle University, United Kingdom)
11:30 Cecilio Tamarit (Universidad de Valencia, Spain)
Globalization and unemployment in the EU: new insights on the role of globalvalue chains and workforce composition
Discussant: Hideaki Hirata (Hosei University, Japan)
12:00 Wessel Vermeulen (Newcastle University, United Kingdom)
Regional employment and productivity eﬀects from mass lay-oﬀs
Discussant: Jérôme Creel (OFCE, France)

Session A04 - Environmental Policy [Room 204]

Chair: Mathilde Maurel (Université Paris 1 Panthéon Sorbonne, CES, France)
10:30 Cécile Couharde (EconomiX Université Paris-Nanterre, France)
Assessing the Impact of National Air Quality Standards on Agricultural Land Values:
Insights from Corn and Soybean Regions
Discussant: Camelia Turcu (Université d’Orléans LEO, France)
11:00 Stéphanie Monjon (Université Paris-Dauphine - PSL, LEDa, France)
The new environmental governance tools in China: An analysis of the Corporate
Environmental Credit System in Zhejiang
Discussant: Mathilde Maurel (Université Paris 1 Panthéon Sorbonne, CES, France)
11:30 Camelia Turcu (Université d’Orléans, LEO, France)
Do bankers want their umbrellas back when it rains? Evidence from Typhoons inChina
Discussant: Cécile Couharde (EconomiX Université Paris-Nanterre, France)
12:00 Mathilde Maurel (Université Paris 1 Panthéon Sorbonne, CES, France)
Internal ﬁnance, ﬁnancial constraint, and pollution emissions: evidence from China
Discussant: Stéphanie Monjon (Université Paris-Dauphine - PSL, LEDa, France)

Session A05 - Exchange Rates and Japan in the World Economy [Amphi Cassin]
Chair: Helena Chulia (University of Barcelona, Spain)

10:30 Satoshi Koibuchi (Chuo University, Japan)
Invoice Currency Choice under Financial Constraints and Bargaining: Evidence
from Japanese SMEs
Discussant: Nan Liu (Yokohama National University, Japan)
11:00 Nan Liu (Yokohama National University, Japan)
Asymmetric Responses of Japanese Exports to Exchange Rate Changes:
Application of Multiple-Threshold Nonlinear ARDL ModelDiscussant: Junko Shimizu (Gakushuin University, Japan)
11:30 Junko Shimizu (Gakushuin University, Japan)
Invoice Currency Choice and its Determinants in Japanese Trade: New Evidence fromJapanese Customs Data
Discussant: Helena Chulia (University of Barcelona, Spain)
12:30 Helena Chulia (University of Barcelona, Spain)
A Comprehensive Analysis of the Evolution of Global Financial Integration: Japanas a Case Study
Discussant: Satoshi Koibuchi (Chuo University, Japan)
12:45-14:00

Lunch [Hôtel Aquabella & Spa Aix en Provence, 2 rue des Étuves, 13100 Aix]

14:00-16:00 Parallel sessions B(30’ per paper - 20’ for presentation, 5’ for questions and 5’ for discussant)Session B01 - Drivers of Development Process [Room 201]
Chair: Elisenda Paluzie (Universitat de Barcelona, Spain)

14:00 Laura Contreras-Portela (Aix-Marseille Université, AMSE, France)
Industrial Place-Based Policies and Informality: Evidence from Colombia
Discussant: Takahashi Harutaka (Kobe University, Japan)
14:30 Takahashi Harutaka (Kobe University, Japan)
Assessing the inﬂuence of three policies on Vietnam's economic development: Electricity
infrastructure, globalization, and privatization
Discussant: Elisenda Paluzie (Universitat de Barcelona, Spain)
15:00 Ababacar Sambe (Aix-Marseille Université, AMSE, France)
Performance of PPP investments in Electricity and Ports in Sub-Saharan Africa: aStochastic Frontiers approach
Discussant: Laura Contreras-Portela (Aix-Marseille Université, AMSE, France)
15:30 Elisenda Paluzie (Universitat de Barcelona, Spain)
Tariﬀs and industrial location in Ecuador
Discussant: Ababacar Sambe (Aix-Marseille Université, AMSE, France)

Session B02 - Geopolitics and the Global Economy [Room 202]
Chair: Erica Perego (CEPII, France)

14:00 Jamel Saadaoui (Université de Strasbourg, BETA, France)
On the time-varying impact of China's bilateral political relations on its trading
partners (1960-2022)
Discussant: Marcela Valenzuela (Universidad Católica de Chile, Chile)
14:30 Peter Claeys (Universidad Pontiﬁcia Comillas, Spain)
Multilateral ﬁnancial integration and political conﬂict: a 3-player game of debt
negotiation Discussant: Erica Perego (CEPII, France)
15:00 Marcela Valenzuela (Universidad Católica de Chile, Chile)
The Geoeconomics of International Political Relations and Sovereign Defaults
Discussant: Peter Claeys (Universidad Pontiﬁcia Comillas, Spain)
15:30 Erica Perego (CEPII, France)
China Development Aid in Emerging Markets: Project Financing versus Government
Debt
Discussant: Jamel Saadaoui (Université de Strasbourg, BETA, France)

Session B03 - Econometric Tools for Macroeconomics and Finance [Room 203]
Chair: Frédérique Bec (CY Cergy Paris Université, THEMA, France)

14:00 Benjamin Keddad (Paris School of Business, France)
The CNH and CNY: A (rolling) fractional cointegration approach
Discussant: Aditi Chaubal (Indian Institute of Technology, India)
14:30 Weiyang Zhai (University of Toyoma, Japan)
Gasoline price pass-through into CPI inﬂation: Evidence from Structure VARDiscussant: Frédérique Bec (CY Cergy Paris Université, THEMA, France)
15:00 Aditi Chaubal (Indian Institute of Technology, India)
Multiscale Foreign Exchange Dynamics in India: A Wavelet Approach for four major
currencies
Discussant: Benjamin Keddad (Paris School of Business, France)
15:30 Frédérique Bec (CY Cergy Paris Université, THEMA, France)
Forecast Performance of Noncausal Autoregressions and the Importance of Unit RootPretesting
Discussant: Weiyang Zhai (University of Toyoma, Japan)

Session B04 - The Dollar, the Renminbi and the Choice of Foreign Reserves[Room 204]
Chair: Bokyeong Park (Kyung Hee University, Korea)

14:00 Sheue-Li Ong (Universiti Malaya, Malaysia)
The Rise of the Chinese Renminbi as a Regional Key Currency? Convergence and Latent
Dynamics of Industry-Speciﬁc Real Exchange Rates
Discussant: Laurent Ferrara (Skema Business School, France)
14:30 Xingwang Qian (SUNY Buﬀalo State University, United States)
The Behavior of International Reserves: A Cyclicality Perspective
Discussant: Bokyeong Park (Kyung Hee University, Korea)
15:00 Laurent Ferrara (Skema Business School, France)
Capturing international inﬂuences in U.S. monetary policy through a NLP approach
Discussant: Xingwang Qian (SUNY Buﬀalo State University, United States)
15:30 Bokyeong Park (Kyung Hee University, Korea)
The Selection of International Investment Currency: Implications for the Dollar
Dominance in the Geopolitical Era
Discussant: Sheue-Li Ong (Universiti Malaya, Malaysia)
16:00-16:20

Coﬀee break [Work café]

16:30-17:30 Keynote speaker #2 - Mark Harrison (Oxford University) [Amphi Cassin]
Globalization and Pandemic Governance: Lessons from two Pandemics
Chair: Benoît Pouget (Sciences Po Aix, France)17:30-19:00 Parallel sessions C(30’ per paper - 20’ for presentation, 5’ for questions and 5’ for discussant)Session C01 - Growth Dynamics in China [Room 201]

Chair: Akira Kohsaka (Osaka University, Japan)

17:30 Akira Kohsaka (Osaka University, Japan)
The End of Miracle? China's Economic Growth Pattern
Discussant: Eric Girardin (Aix-Marseille Université, AMSE, France)
18:00 Nathan Vieira (Aix-Marseille Université, AMSE, France)
The Role of Chinese State-Owned Enterprises in Implementing Five-Year Plans
Discussant: Akira Kohsaka (Osaka University, Japan)
18:30 Eric Girardin (Aix-Marseille Université, AMSE, France)
Dating growth and cycles in China: A sector-based approach
Discussant: Nathan Vieira (Aix-Marseille Université, AMSE, France)

Session C02 - Political Economy and Development [Room 202]
Chair: Elsa Gautrain (Université de Fribourg, Switzerland)

17:30 Christophe Muller (Aix-Marseille Université, AMSE, France)
Group violence, ethnic diversity and citizen participation: Evidence from Indonesia
Discussant: Michel Lubrano (CNRS, AMSE, France)
18:00 Elsa Gautrain (Université de Fribourg, Switzerland)
Men's premarital migration and marriage payments: Evidence from Indonesia
Discussant: Christophe Muller (Aix-Marseille Université, AMSE, France)
18:30 Michel Lubrano (CNRS, AMSE, France)
Changing Beliefs in Meritocracy and Preference for Redistribution in China
Discussant: Elsa Gautrain (Université de Fribourg, Switzerland)

Session C03 - Challenges of Unipolar and Multipolar International Monetary System[Room 203]
Chair: Ito Hiro (Portland State University, United States)

17:30 Cristina Badarau (Université de Bordeaux, BSE, France)
Monetary policy and exchange rate regimes under dominant currency paradigm
Discussant: Désiré Avom (Université Yaoundé 2, Cameroon)
18:00 Kimiko Sugimoto (Konan University, Japan)
Can the BRICS become a sustainable economic and ﬁnancial union?
Discussant: Ito Hiro (Portland State University, United States)
18:30 Ito Hiro (Portland State University, United States)
Challenges for US Dollar Dominance in the Era of Hegemonic Competition
Discussant: Cristina Badarau (Université de Bordeaux, BSE, France)

Session C04 - Migration, Epidemics and Ageing: Historical Perspective [Room 204]
Chair: Mark Harrison (Oxford University, United Kingdom)

17:30 Benoît Pouget (Sciences Po Aix, France)
On the usefulness of the memory of epidemics in the development of port healthresilience systems
Discussant: Jeong-Ran Kim (Oxford University, United Kingdom)
18:00 Jeong-Ran Kim (Oxford University, United Kingdom)
Illegal Entrants between South Korea and post-war Japan: Unﬁltered bodies
economic turmoil
Discussant: Mathilde Esposito (Aix-Marseille Université, AMSE, France)
18:30 Mathilde Esposito (Aix-Marseille Université, AMSE, France)
Aging and potential growth: a labor input analysis
Discussant: Mark Harrison (Oxford University, United Kingdom)
20:00

Dinner in honor of Mary-Françoise Renard, Hélène Rey, Mark Harrison, Fukunari Kimura andAkira Kohsaka [Grand Hôtel Roi René Aix-en-Provence Centre - Mgallery, 24 boulevard du RoiRené, 13100 Aix]

Saturday, September 2108:00-08:20

Welcoming coﬀee [Work café]

08:30-09:30 Keynote speaker #3 - Fukunari Kimura (Keio University) [Amphi Cassin]
Global Supply Chains under Geopolitical Tensions: a View from East Asia
Chair: Akira Kohsaka (Osaka University, Japan)

09:30-09:50

Coﬀee break [Work café]

10:00-12:00 Parallel sessions D(30’ per paper - 20’ for presentation, 5’ for questions and 5’ for discussant)Session D01 - Emerging Markets [Room 201]

Chair: Aaron Mehrotra (Bank of International Settlements, Switzerland)
10:00 Marc Pourroy (Université de Poitiers, France)
Information Shocks in the U.S. and Asset Mispricing in Emerging Economies
Discussant: Masahiro Enya (Osaka Gakuin University, Japan)
10:30 Masahiro Enya (Osaka Gakuin University, Japan)
Global Factors, Regional Factors, and Macro-Financial Linkages in East Asia
Discussant: Aaron Mehrotra (Bank of International Settlements, Switzerland)
11:00 Aaron Mehrotra (Bank of International Settlements, Switzerland)
Fiscal sources of inﬂation risk in EMDEs: the role of the external channel
Discussant: Marc Pourroy (Université de Poitiers, France)

Session D02 - ICT and Technological Progress [Room 202]
Chair: Takashi Matsuki (Ryukoku University, Japan)10:00 Sylvie Marie-Louise Eyeﬀa Ekomo (Université de Yaoundé II, Cameroon)
Technology in Africa: is the use of ICT making a decisive contribution to growth?
Discussant: Uraku Yoshimoto (Ministry of Finance, Japan)
10:30 Uraku Yoshimoto (Ministry of Finance, Japan)
Myth of U.S. Dollar Dominance in Japanese Exports New Evidence from Japanese
Customs Level Data
Discussant: Takashi Matsuki (Ryukoku University, Japan)
11:00 Takashi Matsuki (Ryukoku University, Japan)
Improving eﬀects of industrial robot adoption on employment, TFP, and real wagein 52 world economies and OECD members
Discussant: Sylvie Marie-Louise Eyeﬀa Ekomo (Université de Yaoundé II,Cameroon)

Session D03 - International Trade [Room 203]
Chair: Keiko Ito (Chiba University, Japan)

10:00 Misa Okabe (Wakayama University, Japan)
Trade Liberalization and Rural Poverty in Developing Countries: Empirical Analysis
using Satellite Imagery of Southeast Asian Countries
Discussant: Fabien Rondeau (Université de Rennes, CREM, France)
10:30 Fabien Rondeau (Université de Rennes, CREM, France)
Invoicing currency, value-added in imports, and exchange rate pass-throughDiscussant: Misa Okabe (Wakayama University, Japan)
11:00 Yuki Masujima (Deloitte Tohmatsu Financial Advisory LLC, Japan)
Drivers of Post-Pandemic Currency Movement: Recurring Impacts of Sovereign
Risks and Oil Prices
Discussant: Fabien Rondeau (Université de Rennes, CREM, France)
11:30 Keiko Ito (Chiba University, Japan)
Till Death Do Us Part: Relationship shocks, supply chain organization and ﬁrm
performance
Discussant: Yuki Masujima (Deloitte Tohmatsu Financial Advisory LLC, Japan)

Session D04 - Miscellaneous [Room 204]

Chair: Sanchari Roy (University of Exeter and King’s College London, England)
10:00 Ricardo Guzman (Aix-Marseille Université, AMSE, France)
Industrial policy and input market access: Evidence from Nigerian fertiliser
Discussant: Sanchari Roy (University of Exeter and King’s College London, England)
10:30 Kohmei Makihara (Aix-Marseille Université, AMSE, France)
Robust Mechanism Design on Networks with Externality Goods
Discussant: Ricardo Guzman (Aix-Marseille Université, AMSE, France)
11:00 Sanchari Roy (University of Exeter and King’s College London, England)
Trade Policy and Jobs in Vietnam: The Unintended Consequences of Trump's Trade War
Discussant: Kohmei Makihara (Aix-Marseille Université, AMSE, France)

12:10-13:10

Keynote speaker #4 - Mary-Françoise Renard (CERDI, Université d’Auvergne)[Amphi Cassin]
China, the "global south" and the growing role of geopolitics
Chair: Gilles Dufrénot (Sciences Po Aix, AMSE, France)

13:15-14:15

Lunch [Hôtel Aquabella & Spa Aix en Provence, 2 rue des Étuves, 13100 Aix]

14:30-16:00

Walking tour of the city in English and glass of friendship [Departure and return to Aquabella]

17:00

Adjourn