2008 WEAI Program Hawaii, June 29 to July 3 Session 1: Issues in Financial and Industrial Economics Chair: Henry Wan, Jr., Cornell University Sanae Tashiro, Rowan University “Allocation of Time: Preparing Food or Prepared Food?” Chu-Ping Lo, National Taiwan University “Global Outsourcing or FDI: How Did Apple Launch its iPod?” Henry Wan, Jr., Cornell University; An-Chi Tung, Academia Sinica “Industry Activation: A Study of Its Micro-foundations” Lii-tarn Chen, Academia Sinica “The Predict Power of Economic Activity Using Yield Spread: Further Evidence and A Rational Expectation Interpretation” Discussants: Lii-tarn Chen Sanae Tashiro Zhiyun (Frances) Xu Chu-Ping Lo Participants: Sanae Tashiro Department of Economics College of Liberal Arts and Sciences Rowan University 201 Mullica Hill Road Glassboro, NJ 08028 Phone: (856) 256-4062 Email: tashiro@rowan.edu Chu-Ping Lo Department of Agricultural Economics National Taiwan University Taipei, Taiwan Email: cplo@ntu.edu.tw Phone: (886) 2-3366-2653 Henry Wan, Jr. Department of Economics Cornell University, USA Email: hyw1@cornell.edu Lii-tarn Chen Institute of Economics Academia Sinica 128 Academia Rd., Sec. 2 Taipei, Taiwan 11529 Email: lchen@econ.sinica.edu.tw Zhiyun (Frances) Xu MEDS, Kellogg School of Management Northwestern University 2001 Sheridan Road, Evanston, IL 60201 USA Phone: (847) 345-2244 Email: francesxu312@gmail.com Session 2: Topics in Growth Theory Chair: Theodore Palivos, University of Macedonia Been-Lon Chen, Academia Sinica and Washington University; Mei Hsu, National Taipei University, Chia-Hui Lu, National Taipei University “Wealth and Multiple Growth Regimes: The Role of Monetary Policy” Shu-Hua Chen, Shih Chien University; Jang-Ting Guo, University of California “On the Growth and Velocity Effects of Money” Theodore Palivos, University of Macedonia; Chong-Kee Yip, The Chinese University of Hong Kong “Illegal Immigration in a Heterogeneous Society” Chi-wa Yuen, University of Hong Kong “When Farmers Met Shepherds: a Plausible Resolution to the Needham Puzzle” Discussants: Shu-Hua Chen Been-Lon Chen Chi-wa Yuen Chong-Kee Yip Participants: Been-Lon Chen Institute of Economics, Academia Sinica and Department of Economics Washington University 205 Eliot Hall, St Louis, MO 63130 USA Phone: (314) 935-8907 Email: bchen@econ.sinica.edu.tw Shu-Hua Chen Department of International Trade Shih Chien University 70 Ta Chih Street, Taipei 104 TAIWAN Phone: (886)22538-1111, ext. 8904 E-mail: shchen@mail.usc.edu.tw Fax: (314) 935-4156 Fax: (886)22533-6293 Chong-Kee Yip Department of Economics The Chinese University of Hong Kong Room 926, Esther Lee Building Chung Chi Campus Shatin, N.T., HONG KONG Phone: (852)2609-8187 Email: chongkeeyip@cuhk.edu.hk Fax: (852)2603-5805 Theodore Palivos Department of Economics University of Macedonia Salonica, Greece Email: tpalivos@uom.gr Chi-wa Yuen School of Economics and Finance University of Hong Kong Pokfulam Road Hong Kong Phone: (852) 2859-1051 Email: cwyuen@hku.hk Fax: (852) 2548-1151 Session 3: Economic Issues Among the Chinese Economies Chair: Tam Bang Vu, University of Hawaii-Hilo Tam Bang Vu, University of Hawaii-Hilo “Human Capital and Labor Productivity: A Two State Least Square Estimation for China” Junxi Zhang, University of Hong Kong, Yan Ding; University of Hong Kong; Yang Yang, University of Hong Kong; Yunyong Yang, University of Hong Kong “Measuring the Long- and Short-Run Effects of Monetary Policy on Real Economic Activities in China” Tsu-Tan Fu, Academia Sinica; Mei-Ying Huang, National Taipei University; YanWei Lu, National Taipei University “The Economic Gains of the Merger Cases in Taiwan’s Financial Industry: Scope Economy Measurement of the Financial Holding Companies” Xiaowei Kong, Hong Kong Institute for Monetary Research “China Monetary Policy and Hong Kong Stock Market: Co-integration with Structural Break” Discussants: Junxi Zhang Tsu-Tan Fu Xiaowei Kong Tam Bang Vu Participants: Tam Bang Vu Department of Economics College of Business and Economics University of Hawaii-Hilo Email: tamv@hawaii.edu Zhang Junxi School of Economics & Finance Pokfulam Road Hong Kong Email: jjzhang@econ.hku.hk Yan Ding School of Economics & Finance Pokfulam Road Hong Kong Phone: 852-97560466; Email: dingjudy@hotmail.com, Yang Yang School of Economics & Finance Pokfulam Road Hong Kong Phone: 852-60959593 Email: yangyangisceo@163.com Yunyong Yang School of Economics & Finance Pokfulam Road Hong Kong Phone: 852-66003877 Email: nowyung@gmail.com Tsu-Tan Fu Institute of Economics Academia Sinica 128 Academia Rd., Sec. 2 Taipei, Taiwan 11529 Email: tfu@econ.sinica.edu.tw Mei-Ying Huang Department of Economics, National Taipei University And Commissioner, Fair Trade Commission, Executive Yuan, 12-14 F, No. 2-2 Jinan Rd., Sec. 1, Taipei 100, Taiwan mayin@ftc.gov.tw Xiaowei Kong Hong Kong Institute for Monetary Research 55/F, Two International Finance Centre 8 Finance Street Central, Hong Kong Phone: (852) 6271 5856 Email: vxwkong@hkma.gov.hk Session 4: Trade and Exchange Rates: Theory and Evidence Chair: Chi-Chur Chao, Chinese University of Hong Kong Wen Shwo Fang, Feng Chia University; Stephen M. Miller, University of Nevada, Las Vegas; Tsang Yao Chang, The Overseas Chinese Institute of Technology “Dollar Invoicing and Exchange Risk Effects on Trade Flows: Evidence from Japan and the US.” Chiu-Chiung Huang, Feng Chia University; Shih-Wen Hu, Feng Chia University “Exchange Rate Target Zones and the Stability of Commodity Price: The Holmes-Smyth Effect.” Chi-Chur Chao, Chinese University of Hong Kong; Jean-Pierre Laffargue, University of Paris I; Pasquale M. Sgro, Deakin University “Foreign Aid, Wage Inequality and Welfare for a Small Open Economy with Tourism.” Jen-Chi Cheng, Wichita State University; Jon Christensson, Wichita State University; Kuei-Chen Cheng, WuFeng Institute of Technology; “Geographical Bilateral Exchange Rate Pass-Through in the United States” Discussants: Jen-Chi Cheng Wen Shwo Fang Shih-Wen Hu Chiu-Chiung Huang Participants: Chi-Chur Chao Department of Economics Chinese University of Hong Kong Shatin, Hong Kong Email: ccchao@cuhk.edu.hk Wen Shwo Fang Department of Economics Feng Chia University Taichung, Taiwan Email: wsfang@fcu.edu.tw Shih-Wen Hu Department of Economics Feng Chia University Taichung, Taiwan Email: swhu@fcu.edu.tw Chiu-Chiung Huang Department of Economics Feng Chia University Taichung, Taiwan Email: chuang@fcu.edu.tw Jen-Chi Cheng Department of Economics Wichita State University Wichita, KS 67260-0078 Email: jenchi.cheng@wichita.edu