¡»¡º¾Ç³N¬ã°Q·|¡º¡» Taipei International Conference on Economic Growth December 17-18, 1999, Academia Sinica, Taipei Keynote, Plenary Sessions and Parallel Sessions C are located in the Grand Ball Room; Parallel Sessions A and B are in Room B110 and Room C103, respectively. * is paper presenter when there are co-authors. December 17(Friday) 08:30-08:45 Sheng-Cheng Hu¡@Welcome and Opening Remarks 08:45-09:30 Opening Keynote Preside: Thomas Cooley, University of Rochester Peter Howitt, Ohio State University, " Competition, Imitation and Growth with Step-by- step Innovation " 09:50-12:10 Plenary Keynotes Preside: Peter Howitt, Ohio State University 1.Boyan Jovanovic, New York University, "The Information Technology Revolution and the Stock Market" 2.Jess Benhabib, New York University, and *Kazuo Nishimura, Kyoto University, "Indeterminacy under Constant Returns to Scale in Multi-sector Economies " 3.Michele Boldrin, University of Minnesota, "Perfect Competition in the Theory of Economic Growth " 13:30-15:20 Parallel Sessions I:¡@A, B and C A.¡@Indeterminacy Preside:Dangyang Xie, Hong Kong University of Science and Technology 1.Koji Shimomura, Kobe University, " Transfer Paradox and Indeterminacy in a Dynamic General Equilibrium Model of International Trade " 2.Kazuo Mino, Kobe University, " Preference Structure and Indeterminacy in Two-Sector Models of Endogenous Growth " 3.Frances Cheung and *Charles Ka Yui Leung, Chinese University of Hong Kong " Borrowing Constraint and Indeterminacy in a Growth Model " 4.Chien-Chieh Huang, National Dong-Hwa University, " Indeterminacy in an Endogenous Growth Model with Innovation and Imitation " Discussants 1.Michele Boldrin, University of Minnesota 2.Dangyang Xie, Hong Kong University of Science and Technology 3.Kazuo Nishimura, Kyoto University 4.Chris Papageorgiou, Louisiana State University B.¡@Credit Constraints and Economic Growth Preside: B. Ravikumar, University of Iowa 1.Michelle White, University of Michigan, "Bankruptcy and Small Firms' Access to Credit " 2.Sheng-Cheng Hu, Academia Sinica, " Credit Constraints and Economic Growth " 3.Macro Espinosa, FRB of Atlanta, and *Chong K.Yip, Chinese University of Hong Kong, "Government Financial in an Endogenous Growth Model with Financial Market Restrictions " 4.Been-Lon Chen, Academia Sinica, " Tuition Cost, Credit Constraint,Intergenerational Transfer and Economic Growth " Discussants 1.Yeong-Yuh Chiang,National ChengChi University 2.Ping Wang, Vanderbilt University 3.Fu-Sheng Hung,National Chung Cheng University 4.B. Ravikumar, University of Iowa C.¡@Trade, Migration and Development Traps Preside: Harrison Cheng, University of Southern California 1.*Eric Bond, Penn State University, Kathleen Trask, University of Kentucky and Ping Wang, Vanderbilt University " International Trade and Big Push " 2.John Fender, University of Birmingham, " Cities, Migration and Economic Growth " 3.Theodore Palivos, Louisiana State University, " Social Norms, Fertility and Economic Development " 4. Ronald A. Edwards, Academia Sinica, " Fiscal Centralization and Development:The Case of China, 900- 1900 A.D. " Discussants 1.Amy Glass, Ohio State University 2.Partha Sen, Delhi School of Economics 3.Roger Gordon, Michigan University 4.Nan-Kung Chen, National Taiwan University 15:40-17:30 Parallel Sessions II:¡@A and B ¢Ï.¡@Public Policies and Growth Preside: Michelle White, University of Michigan 1.H. Gordon, University of Michigan, "High Personal Tax Rate and Entrepreneurial Activity: Theory and Preliminary Evidence for the U.S. " 2.*Rody E. Manuelli, University of Wisconsin- Madison, Larry E. Jones,Northwestern University and Ennio Stacchetti, University of Michigan " Technology and Policy Shocks in Models of Endogenous Growth " 3.Joan Lo, Academia Sinica and *Zin-Fei Lin, National Chung-Hsin University," Public Health and Economic Growth " 4.Chi-Ang Lin, S.W. Lo, National Cheng Chi University and *C. C. Yang, Academia Sinica, " Fiscal Policy and Economic Growth: The Case of Taiwan " Discussants 1.Thomas Cooley, University of Rochester 2.Boyan Jovanovic, New York University 3.Chi-Wa Yuan, Hong Kong University 4.Debasis Bandyopadhyay, University of Auckland B.¡@Financial Market Dynamics Preside: Jia-Dong Shea, Central Bank of China and Academia Sinica 1.*B. Ravikumar, Charles H. Whiteman, University of Iowa and Christopher Otrok, University of Virginia "Habit Formation: A Resolution of the Equity Premium Puzzle?" 2.Chia-Hsuan Yeh, and *Shu-Heng Chen, National ChengChi University, " Evolving Traders and the Business School with Genetic Programming: A New Architecture of the Agent-Based Artificial Stock Market " 3.Thomas Lux, University of Bonn, " Volatility Clustering in Financial Markets: A Micro- Simulation of Interacting Agents " 4.Lii-Tarn Chen, Academia Sinica, " Financial Evolution and Economic Growth under Imperfection of Market Structure ---The Case of Taiwan " Discussants 1.Tadashi Inoue, University of Tsukuba 2.Charles Ka Yui Leung, Chinese University of Hong Kong 3.Kenichi Ueda, Univesity of Chicago 4.Sau-Him Paul Lau, Australia National University December 18(Saturday) 08:30-10:20 Parallel Sessions III:¡@A and B A.¡@Competition, Trade and Growth Preside: Eric Bond, Pennsylvania State University 1.*Dangyang Xie, Hong Kong University of Science and Technology, Piyabha Kongsamut, University of Rochester, and Sergio Rebelo, University of Rochester," Beyond Balanced Growth " 2.*Amy J. Glass, Ohio State University and Kamal Saggi, Southern Methodist University "The Dynamic Impact of Internalization Advantage " 3.*Hsiao-Yun Teng, National Central University, and Ting-Fang Chiang, Yuan Ze University, " Licensing and R & D " 4.Hsiao-Lei Chu, National Chi-Nan University, and *Nan-Kuang Chen, National Taiwan University, " International Division of Production Process and Gain from Trade " Discussants 1.Rody Manuelli, University of Wisconsin-Madison 2.Koji Shimomura, Kobe University 3.Ronald Edward, Academia Sinica 4.John Fender, University of Birmingham B.¡@Finance, Redistribution and Growth Preside: Rody Manuelli, University of Wisconsin- Madison 1.Chi-Wa Yuan, University of Hong Kong, "The Role of Government Redistribution" 2.*Chung-Shu Wu, Academia Sinica, and Po-Ju Chen, National Chung-Tsing University, " Collateral, Real Estate and Economic Growth " 3.Been-Lon Chen, Academia Sinica, *Yeong-Yuh Chiang, National ChengChi University, and Ping Wang, Vanderbilt University, " Financial Intermediation, Credit Rationing and Economic Growth " 4.Hung-Jen Wang, Academia Sinica, "Production Soothing when Bank Loan Supply Shifts-The Role of Variable Capacity Utilization" Discussants 1.Lii-Tarn Chen, Academia Sinica 2.Theodore Palivos, Louisiana State University 3.Peter Howitt, Ohio State University 4.Thomas Lux, University of Bonn 10:40-12:30 Parallel Sessions IV:¡@A and B A.¡@Capital Accumulation and Growth Preside: Kazuo Nishimura, Kyoto University 1.Sau-Him Paul Lau, Australian National University, " Another Approximate Analytical Solution to the Neoclassical Growth Model " 2.Kenichi Ueda, University of Chicago, "Increasing Returns, Long-Run Growth and Financial Intermediation " 3.Partha Sen, Delhi School of Economics, " Capital Flows and Welfare in a Two-Sector Two Country Overlapping Generations Model " 4.Fu-Sheng Hung, National Chung Cheng University, " Credit Markets, Equilibrium Contracts, and Capital Accumulation " Discussants 1.Hsiao-Lei Chu, National Chi-Nan University 2.Chuhwan Park, Pennsylvania State University 3.Eric Bond, Penn State University 4.Michele White, University if Michigan B.¡@Human Capital and Growth Preside: Roger Gordon, University of Michigan 1.Derek Laing, Penn Sate University, Theodore Palivos, Louisiana State University and *Ping Wang, Vanderbilt University, " The Economics of New Blood " 2.*Chris Papageorgiou, Louisiana State University, and Fidel Perez-Sebastian,"Growth with Technical Change and Human Capital: Transition Dynamics Versus Steady State Predictions " 3.*Ching-Cheng Chang and Been-Lon Chen, Academia Sinica, " Education, Foreign Direct Investment and Productivity Growth : Evidence from Less Developed Economies" 4.Debasis Bandyopadhyay, University of Auckland, " Distribution of Human Capital and Economic Growth" Discussants 1.Yi-Ting Li, National Tsing-Hwa University 2.azuo Mino, Kobe University 3.Shu Heng Chen, National ChengChi University 4.Chung-Yi Tse, University of Hong Kong 13:45-16:10 Parallel Sessions V:¡@A and B A.¡@Investment, Environment and Growth Preside: Boyan Jovanovic, New York University 1.Wai-Hong Ho, Radford University, "Credit Rationing, Public Investment and Endogenous Growth" 2.Chung-Yi Tse, University of Hong Kong, " Inequality in Human Capital Endowment and Investment in Technology " 3.*Daigee Shaw, Academia Sinina, and Ming-Feng Hung, National ChengChi University, " Economic Growth and Environmental Kuznets Curve " 4.Chien-Ming Lee, Taiwan Research Institute, *Chung-Huang Huang, National Tsing-Hwa University, Ping-Cheng Li, Tam Kang University, and Shih-Hsun Hsu, National Taiwan University, " Effects of Carbon Tax and Emission Trading on the Firm's Investment and Economic Growth " 5.Huei-Yann Joann Jeng, National Chung Hsing University, " Environment Kurnets Curve: An Empirical Evidence of Taiwan's Economic Growth and Emissions " Discussants 1.Ting-Fan Chiang, Yuan Ze University 2.Zin-Fei Lin, National Chung-Hsin University 3.Wai-Hong Ho, Radford University 4.Taisei Kaizoji, International Christian University 5.Daigee Shaw, Academia Sinica B.¡@Growth Dynamics and Economic Transition Preside: Michele Boldrin, University of Minnesota 1.*Wen-Ya Chang, Fu-Jen Catholic University, Ching-Chong Lai, Academia Sinica, and Hsueh-Fang Tsai, Fu-Jen Catholic University, " Anticipated Inflation, Social Status, and Transitional Dynamics in a Cash-in-Advance Economy " 2.Tadashi Inoue, University of Tsukuba, " On the Global Properties of the Sidrauski-Fischer Monetary Growth Model without and with Adjustment Costs of Investment " 3.Taisei Kaizoji, International Christian University, " Dynamics in a Financial Network with Associative Memory " 4.Derek Laing, Pennsylvania State University, *Chuhwan Park, Pennsylvania State University and Ping Wang, Vanderbilt University " The Search Equilibrium Approach to Migration and Labor Market " 5.Sheng-Wen Chang, Pennsylvania State University and Ping Wang, Vanderbilt University, "Jacobs Externalities Hosing Dynamic and Endogenous Growth Discussants 1.Chong K. Yip, Chinese University of Hong Kong 2.Shu-Heng Chen, National ChengChi University 3.Hsiao-Yun Teng, National Central University 4.Chien-Chieh Huang, National Dong-Hwa University 5.Shin-Kun Peng, Academia Sinica 16:30-17:15 Closing Keynote Preside: Sheng-Cheng Hu, Academia Sinica Thomas F. Cooley, University of Rochester " Monetary Policy and The Financial Decisions of Firms "