Parallel Sessions D: Fr, 15.30-17.00

OP 7 (Room SR 1): New challenges in large emerging economies

Panel organizer and chair
Donatella Saccone (University of Turin)

Panel abstract
The Turin Centre on Emerging Economies (OEET, http://osservatorio-economie-emergenti-torino.it) is an independent, non-profit centre dedicated to the study and monitoring of major emerging economies and to the dissemination of results of economic analyses and information to firms, institutions and the general public. The panel that OEET is submitting focuses the attention on large emerging economies, discussing some of the main changes and challenges they are currently facing. Wladimir Andreff proposes and analyzes a new sample of large emerging economies according to their outward foreign direct investment stock, followed by Xavier Richet who discusses the new localization strategies and impacts of Chinese FDI in Europe. To conclude the session, Matteo Migheli examines a major challenge for emerging and developing countries in general, namely the effects of land ownership on both the demand and the cost of informal credit analyzing the case of Vietnam.

Papers

  1. Wladimir Andreff (University of Paris 1 Panthéon Sorbonne): Outward foreign direct investment from new wave emerging economies: A shift of newly emerging multinational companies
  2. Xavier Richet (University Sorbonne Nouvelle, Paris): Geographic and sectoral factors in Chinese Direct Investment in Europe
  3. Matteo Migheli (University of Turin): Land ownership, access to and cost of informal credit: Evidence from the Mekong Delta

Discussants
Giovanni Balcet (University of Turin), Vittorio Valli (University of Turin)

 

OP 8 (Room SR 2): Promoting National Champions: The role of new industrial policies in emerging economies

Panel organizer and chair
Christian Timm (Private University Göttingen, University of Groningen)

Chair
Joachim Ahrens (Private University Göttingen)

Panel abstract
The recent global financial crisis imparted fresh impetus to the search for new economic growth models in developing and emerging economies. In clear distinction to the Washington Consensus, the newly popping-up policies of “new-developmentalism”, “new-protectionism” and “new-intervention­ism” attribute an active role in economic development to the state. The shift towards increasing state-activism is indicated, first and foremost, by a re-emergence of industrial policies all over the developing world.
A characteristic of industrial policy in today’s globalized world is the phenomenon of “picking winners”, the design and support of internationally competitive companies with domestic roots, so-called national champions. National champions are powerful companies that gain significant shares of the world market and are often believed to be main movers of economic transformation. Promoting national champions is appearing in economic agendas of many developing countries as development strategy aiming at sustainable long-term growth.
The panel session will provide room to discuss various country practices in promoting national champions. In particular, the following aspects may be points for discussion:

  • Comparative case studies of contemporary national champions policies from different world region with respect to policy approach, governance models
  • Trade policy and its potential to foster national champions in terms of export stimuli and trade protection measures. This implies also the embeddedness of these trade policies in existing global trade regimes.
  • Globalization affects in promoting national champions, for example the fact that services are equally tradeable today as ordinary goods for companies.
  • Historic experiences and differences in promoting national champions in formerly developing or/and advanced economies.
Papers

  1. Zhanat Murzakulova (University of Groningen, Research project Governance in Emerging Economies): Kazakhstan’s industrialization: structural change or path-dependence
  2. Tamar Jugheli (University of Groningen, Research project Governance in Emerging Economies): The evolution of state-owned enterprises in Georgia – The role of state as shareholder for promoting economic development

 

PS 13 (Room SR 3): Topics in financial markets

Chair
Evzen Kocenda (Charles University Prague)

  1. Alisa Nikitina (National Research University Higher School of Economics Moscow), Fuad Aleskerov, Natalia Meshcheryakova, Sergey Shvydun: Long-range key borrower index for evaluation of power of countries as borrowers
  2. Olexandr Talavera (University of Sheffield), Nourhan Eid, Josephine Maltby: Income rounding and loan performance in peer-to-peer market
  3. Evzen Kocenda (Charles University Prague), Jozef Barunik, Lukas Vacha: Asymmetric volatility connectedness on a forex market

 

PS 14 (Room SR 4): Institutions

Chair
Go Yano (Kyoto University)

  1. Darko Lazarov (Goce Delcev University), Trajko Slaveski: Empirical estimation of macroeconomic and institutional determinants of capital markets development in the CEE countries
  2. Nataliia Ostapenko (University of Tartu): Effect of Informal institutions and social conditions on the perceptions of government actions: Comparative analysis
  3. Go Yano (Kyoto University), Maho Shiraishi: Finance, institutions and innovation activities in China

 

PS 15 (Room SR 5): Public sector policies 

Chair
Michal Pilc (Poznan University of Economics and Business)

  1. Lyazzat Nugumanova (IOS Regensburg, University of Giessen): Energy policy in Kazakhstan
  2. Josef Montag (Mendel University, Brno): The impact of housing privatisation on individual unemployment risks in transition economies
  3. Michal Pilc (Poznan University of Economics and Business), Monika Naskrecka: Are there any differences in how democratic and autocratic countries adapt the employment protection legislation in reaction to the macroeconomic shock?

 

PS 16 (Room SR 6): Economic and political development

Chair
Sinan Sönmez (Atilim University, Ankara University)

  1. Solomon Cohen (Erasmus School of Economics Rotterdam, Erasmus University Rotterdam): Global dominance of countries and regions
  2. Martin Myant (European Trade Union Institute): Varieties of capitalism and barriers to growth in east-central Europe
  3. Sinan Sönmez (Atilim University, Ankara University): Alternative economic development experiences and Washington Consensus in the big emerging economies