2023 Symposium on Economics and Finance in the Asia-Pacific(The 9th Hanyang-Kobe-Nanyang Extended Conference)
Date: November 28-29, 2023
Host: Nanyang Technological University, Singapore

Symposium Program
Day 1 (November 28, Tuesday)
8:50-9:00 Opening Remarks
Venue: HIVE Level 3 LHS-TR+56
Speaker: Qu FENG (NTU)

9:00-9:45 Keynote Speech 1Venue: HIVE Level 3 LHS-TR+56
Speaker: Xiaobo ZHANG (Peking U)
Title: TBA
Chair: Guiying Laura WU (NTU)

9:45-10:00 Coffee Break

10:00-11:30 Plenary Session 1(30 minutes for each presentation)
Banking and Finance
Venue: HIVE Level 3 LHS-TR+56
Chair: Ryuzo MIYAO (Kobe U)
Presentation 1: The Cost of Capital Market Distortions: Evidence from Chinese
Overseas IPO
Presenter: Guiying Laura WU (NTU)
Presentation 2: Is There an Optimal Risk-Taking in U.S. Banks?
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Presenter: Ji-Chai LIN (National Central U)
Presentation 3: State-based Overconfidence: An Application to the Credit Market
Presenter: Thomas VOON (Lingnan U)

11:30-11:40 Coffee Break

11:40-12:40 Semi-Plenary Session 1(30 minutes for each presentation)
Macroeconomics
Venue: HIVE Level 3 LHS-TR+56
Chair: Young Jun CHUN (Hanyang U)
Presentation 1: The Ramsey Steady State Conundrum in Heterogeneous Agent
EconomyPresenter: Yi WEN (Shanghai Jiao Tong U)
Presentation 2: A Schumpeterian Exploration of Gini and Top/Bottom IncomeShares
Presenter: Tetsugen HARUYAMA (Kobe U)
Econometrics
Venue: HIVE Level 3 LHS-TR+55
Chair: Wenjie WANG (NTU)
Presentation 1: Generalized Quantile Random Forest with Smoothed Estimating
Equations
Presenter: Seunghwa RHO (Hanyang U)
Presentation 2: Unified Inference for Long-Horizon Predictive Regressions Including
Mildly Integrated and Explosive Cases
Presenter: Seok Young HONG (NTU)
12:40-12:50 Welcome Speech
Venue: HIVE Level 3Speaker: Euston QUAH (NTU)
12:50-13:40 LunchVenue: HIVE Level 32

13:40-14:25 Keynote Speech 2Venue: HIVE Level 3 LHS-TR+56
Speaker: Sumit AGARWAL (NUS)
Title: TBA
Chair: Qu FENG or Yohanes Eko RIYANTO (NTU)

14:25-14:40 Coffee Break

14:40-15:40 Semi-Plenary Session 2(30 minutes for each presentation)
Development Economics
Venue: HIVE Level 3 LHS-TR+56
Chair: Shigeto KITANO (Kobe U)
Presentation 1: Cultivating Equality: The Effect of Traditional Farming Practices on
Gender Disparity in China
Presenter: James ANG (NTU)
Presentation 2: Social Networks, Risk Sharing and Peer Effects in Gift Spending:
Evidence from Rural China
Presenter: Juncong GUO (Shanghai Jiao Tong U)
Microeconomics
Venue: HIVE Level 3 LHS-TR+55
Chair: Tat-How TEH (NTU)
Presentation 1: Persuasion under the Influence of Fake News
Presenter: Daeyoung JEONG (Hanyang U)
Presentation 2: A Simple Approach for Measuring Higher-Order Risk Attitudes
Presenter: Rachel J. HUANG (National Central U)

15:40-15:50 Coffee Break

15:50-17:20 Plenary Session 2(30 minutes for each presentation)

3Empirical Economics and Finance
Venue: HIVE Level 3 LHS-TR+56
Chair: Henry H. HUANG (National Central U)
Presentation 1: Transitioning from a Bank towards an Equity-Outsider Financing
System in Japan: The impact on Income Smoothing Practice over 40 years
Presenter: Keishi FUJIYAMA (Kobe U)
Presentation 2: Big-Box Store Expansion and Consumer Welfare
Presenter: Zhonglin LI (NUS)
Presentation 3: Information Disclosure and Locations Choices: A Study of theMarcellus Shale
Presenter: Wenshu GUO (Lingnan U)

17:20-17:40 Closing Remarks
Venue: HIVE Level 3 LHS-TR+56
Speakers: Yohanes Eko RIYANTO (NTU)Shigeto KITANO (Kobe U), Young Jun CHUN (Hanyang U), Yi WEN (Shanghai JiaoTong U), Henry H. HUANG (National Central U), Thomas VOON (Lingnan U)

18:30-20:00 Dinner
Venue: TBA

Day 2 (November 29, Wednesday)
9:00-11:00 Special Session for PhD Students(30 minutes for each presentation)
Presentation 1: Why Some People Can’t Convey Their True Thoughts?
Presenter: Xiaoping ZHAO (Kobe U)
Presentation 2: Identifying Growth Effect of Internet Penetration
Presenter: Mengyuan CAI (NTU)
Presentation 3: Power of Forward Guidance when Preferences are QuasiHyperbolic
Presenter: Hyeongjin CHOI (Hanyang U)
Presentation 4: Carbon Tax Aversion and Macroeconomic Effects
Presenter: Liuyang SHE (NTU)
4Local Hosts:
Economics Division & Economic Growth Centre, School of Social Sciences, NTU,Singapore
Programme Committee:
Qu FENG (local organizer), Nanyang Technological University, Singapore
Wenjie WANG (local organizer), Nanyang Technological University, Singapore
Junyi SHEN, Kobe University, Kobe
Songman KANG, Hanyang University, Seoul
Xi QU, Shanghai Jiao Tong University, Shanghai
Henry Hongren HUANG, National Central University, Taipei
Fuhai HONG, Lingnan University, Hong Kong
Local Contact and Assistant:Ms. Yue HAN, Nanyang Technological University, Singapore
Participants and Guests (in alphabet order):Sumit AGARWAL, National University of Singapore, Singapore
James ANG, Nanyang Technological University, Singapore
Young Jun CHUN, Hanyang University, Seoul
Qu FENG, Nanyang Technological University, Singapore
Keishi FUJIYAMA, Kobe University, Kobe
Juncong GUO, Shanghai Jiao Tong University, Shanghai
Wenshu GUO, Lingnan University, Hong Kong
Tetsugen HARUYAMA, Kobe University, Kobe
Seok Young HONG, Nanyang Technological University, Singapore
Henry Hongren HUANG, National Central University, Taipei
Rachel Juiching HUANG, National Central University, Taipei
Daeyoung JEONG, Hanyang University, Seoul
Shigeto KITANO, Kobe University, Kobe
Zhonglin LI, National University of Singapore, Singapore
Ji-Chai LIN, National Central University, Taipei
Ryuzo MIYAO, Kobe University, Kobe
Euston QUAH, Nanyang Technological University, Singapore
Seunghwa RHO, Hanyang University, Seoul
Yohanes Eko RIYANTO, Nanyang Technological University, Singapore
Tat-How TEH, Nanyang Technological University, Singapore
Thomas VOON, Lingnan University, Hong Kong
Wenjie WANG, Nanyang Technological University, Singapore
Yi WEN, Shanghai Jiao Tong University, Shanghai
Guiying Laura WU, Nanyang Technological University, Singapore
Xiaobo ZHANG, Peking University, Peking

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