Preliminary Program for the Macro-Housing
Workshop
(All sessions to be held at G/F, Esther Lee Building, Chinese University of
Hong Kong) (near the “University Station” of KCR)
25th August, 2003 (Monday)
Session 1
(Moderator: Charles Leung)
8:45am
Welcoming Words
Professor Yun Wing Sung
9:00am
Robert Edelstein, The interplay of civilization and Economics:
Volatility, Vicissitudes and Viruses.
9:30am
Discussion
9:45am
Lok Sang Ho, The Nexus between the Macro Economy and
Housing: Evidence from Hong Kong
10:15am
Discussion
10:30am
<Tea Break> (1/F, Esther Lee Building)
Session 2
(Moderator: Zhixong Zeng)
10:45am
Miki Seko, Effects of Economic Conditions on Local Housing
Prices in Japan
11:15am
Discussion
11:30am
Hongyu Liu, An Empirical Study on the Nexus between Real
Estate and Macro Economy in China (joint with Yue Shen)
12:00pm
Discussion
12:15pm
Charles Leung, Macroeconomics and Real Estate: a Review of
the Literature
12:45pm
Discussion
1:00pm
<Lunch> (Chung Chi Restaurant)
Session 3
(Moderator: Wai Hin Yan)
2:30pm
Sau Kim Lum, Housing Prices and the Wider Economy (using
Singapore data) (joint with Robert Edelstein)
3:00pm
Discussion
3:15pm
Kyung-Hwan Kim, Housing and the Korean Economy
3:45pm
Discussion
4:00pm
<Tea Break> (1/F, Esther Lee Building)
Session 4
(Moderator: Lok Sang Ho)
4:15pm
Nan-Kuang Chen, Do Asset Prices Affect Business Investment?-An Empirical Study, (joint with Hung-Jen Wang)
4:45pm
Disucssion
5:00pm
Francois Ortalo-Magne, TBA
5:30pm
Discussion
5:45pm
TBA
6:15pm
Discussion
6:30pm
Dinner at Chung Chi Restaurant hosted by the Hong Kong
Economic Association
26th August, 2003 (Tuesday)
Session 5
(Moderator: Qinglai Meng)
9:00am
Claudian Kwok, Credit Market Imperfections and Asset Prices
9:30am
Discussion
9:45am
Zhixong Zeng, Residential Investment in a Monetary Business
Cycle Model (joint with Yi Jin)
10:15am
Discussion
10:30am
Ping Wang, Agglomeration and Growth in Dynamic General
Equilibrium
11:00am
Discussion
11:15am
<Tea Break> (1/F, Esther Lee Building)
Session 6
(Moderator: Lok Sang Ho)
11:30am
Roundtable on housing policies and the book project
12:30pm
<Lunch> (Chung Chi Restaurant)
Note: To fully exploit the advantage of a workshop, we will
restrict each presenter to finish the presentation in 30 minutes,
leaving 15 minutes for interactive discussion with other
workshop participants. It worked pretty well in the SingaporeHong Kong International Real Estate Research Symposium held in
Singapore July 2003, and hopefully it will work equally well in this
workshop as well.
Organizing Committee:
Lok-sang Ho, Head, Department of Economics, Lingnan University; President of the
Hong Kong Economic Association since 1999; Managing Editor, Pacific Economic
Review
Email: lsho@ln.edu.hk
http://www.ln.edu.hk/econ/staff/cvlsho.htm
Yun Wing Sung, Chairman, Department of Economics, Chinese University of Hong
Kong; Co-Director of the Hong Kong and Asia-Pacific Economies Research Programme,
Chinese University of Hong Kong; Corresponding editor, Asian-Pacific Economic
Literature; Associate editor, Pacific Economic Review; Member of editorial board of
Review of Development Economics
Email: ywsung@cuhk.edu.hk
http://www.cuhk.edu.hk/eco/staff/ywsung/personal.htm
Charles Ka Yui Leung, Assistant Professor, Department of Economics, Chinese
University of Hong Kong; (previously) visiting scholar of Hoover Institution, Stanford
University
Email: charlesl@cuhk.edu.hk
http://www.cuhk.edu.hk/eco/staff/kyleung/
Tentative List of Participants
Nan-Kuang Chen, Associate Professor, Department of Economics, National Taiwan
University, 21 Shuchow Road, Taipei 10021, TAIWAN; Visiting Scholar, Department of
Economics, London School of Economics, UK
Current Address: Centre for Economic Performance, London School of Economics,
Houghton Street, London WC2A 2AE, United Kingdom
Email: N.K.Chen@lse.ac.uk
Robert Edelstein, Co-Chairman of the Fisher Center for Real Estate and Urban
Economics, Haas School of Economics, University of California, Berkeley, CA 947206105, USA;
Editorial board member of several journals
Email: edelstei@haas.berkeley.edu
http://www.haas.berkeley.edu/faculty/edelstein.html
Lok-Sang Ho, Department of Economics and Centre for Public Policy Studies, Lingnan
University, Tuen Mun, Hong Kong.
Email: Lsho@Ln.edu.hk
Kyung-Hwan Kim, Professor of Economics, Sogang University, Seoul, Korea; Member
of the editorial board, Journal of Housing Economics; Past president of AsRES (20012002); Fellow of the Weimer Graduate School of Advanced Studies on Real Estate and
Land Economics; Member of the Alonzo Memorial Prize in Regional Science
Current address: Visiting Professor, Real Estate and Urban Land Economics,
The School of Business, University of Wisconsin-Madison, 4257 Grainger Hall,
975 University Avenue, Madison Wisconsin 53706-1323, USA
Email: kyungkim@mail.sogang.ac.kr
http://www.sogang.ac.kr/~kyungkim/homepage/engkyungkimis.html
Claudian Kwok, City University of Hong Kong, Kowloon Tong, Hong Kong.
Email: EFCSKWOK@cityu.edu.hk
Rose Neng Lai, Assistant Professor, Faculty of Business Administration, University of
Macau, Taipa, Macau, China.
Email: roselai@umac.mo
Charles Ka Yui Leung, one of the co-organizers.
Hongyu Liu, Professor in Real Estate & Construction and Director of the Institute of Real
Estate Studies, Tsinghua University, Beijing 100084, China;
Past president of AsRES (1999-2000)
Email: liuhy@tsinghua.edu.cn
http://www.tsinghua.edu.cn/docsn/tmx/english/pro/eliuhy.htm
Sau Kim Lum, Assistant Professor; Deputy Director (Research), Practice Training
Scheme, Department of Real Estate, School of Design and Environment, National
University of Singapore, Singapore
Email: rstlumsk@nus.edu.sg
http://www.rst.nus.edu.sg/corp/staff/rstlumsk.html
Francois Ortalo-Magne, Dept. of Real Estate, School of Business, University of
Wisconsin – Madison, 975 University Avenue, Madison, WI 53706-1323, USA
Email: F.N.Ortalo-Magne@lse.ac.uk
http://research.bus.wisc.edu/fom/
Miki Seko, Professor, Faculty of Economics, Keio University, 2-15-45 Mita, Minato-ku,
Tokyo, 108-8345, Japan
Editorial Board of several journals; President of the Asian Real Estate Society (19992000)
Email: seko@econ.keio.ac.jp
http://www.econ.keio.ac.jp/staff/seko/index.htm
Hung-Jen Wang, Associate Research Fellow, The Institute of Economics, Academia
Sinica, Taipei 115, Taiwan
Email: hjwang@econ.sinica.edu.tw
http://www.sinica.edu.tw/econ/english/faculty/Wang,%20Hung-Jen.htm
Ping Wang, Professor, Department of Economics, 415 Calhoun Hall, Box 351819,
Station B, Vanderbilt University, Nashville, TN 37235-1819, USA.
Editorial board of Journal of Macroeconomics; research associate of NBER
Email: ping.wang@Vanderbilt.Edu
http://www.vanderbilt.edu/Econ/faculty/Wang/PingCV.pdf
Shen Yue, PhD student, the Institute of Real Estate Studies, Tsinghua University, Beijing
100084, China
Zhixong Zeng, Assistant Professor, Department of Economics, Chinese University of
Hong Kong, Hong Kong.
Email: zxzeng@cuhk.edu.hk
http://ihome.cuhk.edu.hk/%7Eb106614/