2021 jke 초청장

MMoorree IInnffoorrmmaattiioonn && IInnqquuiirriieess

For more information, please visit http://www.akes.or.kr/conf/

For inquiries, please send an email to:BBoonngg KKyyoouunngg KKiimm, Program Committee Coordinator (Email: [email protected])

Supporting Units

2021 JKE 초청장 1908.5.7 3:25 PM 페이지1 mac1

Korea and the World Economy, XIX:

The International Conference of the Association of Korean Economic Studies on

OrganizersYoung-Jae Kim, President, The Association of Korean Economic Studies,

Pusan National University

Hae-Gu Jung, Chairperson, National Research Council for Economics,

Humanities and Social Sciences (NRC)

Heong-Joon Park, Mayor, Busan Metro City (BMC)

Juyeol Lee, Governor, Bank of Korea (BOK)

Jang Pyo Hong, President, Korea Development Institute (KDI)

Heungchong Kim, President, Korea Institute for International Economic Policy (KIEP)

Hyeon Ju, President, Korea Institute for Industrial Economics & Trade (KIET)

Jae-Jin Kim, President, Korea Institute of Public Finance (KIPF)

Gyo Ook Song, President, Busan Development Institute (BDI)

Jong Hwa Kim, President, Busan Finance Center (BFC)

'Korea and the World

Economy Facing

COVID-19 Pandemic

and Regional Development'

Paradise Hotel Busan,Busan, Korea & ZoomAugust 26-27, 2021

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Thursday, August 26, 2021

Venue: 2nd Floor, Paradise Hotel Busan

08:30-09:00 Registration

09:00-10:30 Session 1A: Economic Effects of COVID-19 and Health Economics (Capri Room)

Session 1B: Economic Growth and Income Inequality (Sydney Room)

Session 1C: BK21 FOUR Session (Organized by BK21 FOUR, Department

of Economics, Korea University) (Miami Room)

10:30-10:45 Coffee Break

10:45-12:15 Session 2A: Macroprudential Policy (Capri Room)

Session 2B: Corporate Governance and Firm Behavior (Sydney Room)

Session 2C: Climate Change and Taxation (Miami Room)

12:15-13:30 Lunch (2F, Capri Room & Sydney Room)

13:30-14:30 Opening Session & Keynote Speech (Capri Room)

14:30-16:00 Session 3A: Strategic Agendas for Korean Financial Industry and Busan

as an International Financial Hub (Organized by Busan

Finance Center (BFC), language: Korean)

Session 3B: Migration and Labor Market I (Sydney Room)


Overview of the Conference

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16:15-17:45 Session 4A: New Deal for Regional Development and the Mega-City

Strategy (Organized by Busan Development Institute (BDI)

& Korea Economic and Business Association (KEBA),

language: Korean) (Capri Room)

Session 4B: Status and Prospects for North Korea’s SDGs from the

Experience of the East Asian Transition Countries (Organized

by Institute of Economics Research, Korea University)

(Sydney Room)

18:30-20:00 Dinner (2F, Capri Room & Sydney Room)

Friday, August 27, 2021


09:00-10:30 Session 5A: International Trade (Capri Room)

Session 5B: Migration and Labor Market II (Sydney Room)

Session 5C: Banking and Finance (Miami Room)


10:45-12:15 Plenary Session: Korea and the World Economy Facing COVID-19

Pandemic and Regional Development (Capri Room)

12:15-12:30 Closing Session / Group Photo

12:30-13:30 Lunch (2F, Capri Room & Sydney Room)

2/3

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Program

08:30-09:00 Registration

09:00-10:30 SSeessssiioonn 11AA:: EEccoonnoommiicc EEffffeeccttss ooff CCOOVVIIDD--1199 aanndd HHeeaalltthh EEccoonnoommiiccss

Moderator: HHyyeesseeuunngg WWeeee (National Health Insurance Service, Korea)

The Economic Impact of the SARS Epidemic and Countermeasures in ChinaWWaanngg HHaaooyyuu,, ZZhhaanngg YYiisshhaann,, QQiinn YYiinnggyyiinngg (Jilin University, China), CChheennCChhaaoo (Anhui Normal University, China) and RRiicchhaarrdd DD.. BBeeaassoonn**(University of Alberta, Canada)

Modeling of Infectious Disease Dynamics and Effective Control Measures ofCOVID-19 in KoreaMMiinnjjeeoonngg SSoonn** and JJuunnssaanngg LLeeee (Sungkyunkwan University, Korea)

Health and Integration of North Korean Refugees in South KoreaHHyyeesseeuunngg WWeeee** (National Health Insurance Service, Korea) and DDaaeehhwwaannKKiimm (Konkuk University, Korea)

SSeessssiioonn 11BB:: EEccoonnoommiicc GGrroowwtthh aanndd IInnccoommee IInneeqquuaalliittyy

Moderator: SSaanngg CChhoooonn KKiimm (Yeungnam University, Korea)

What “Causes”Income Inequality? Technological Innovation versusFinancializationJJuunneeyyoouunngg LLeeee** and KKeeuunn LLeeee (Seoul National University, Korea)

On the Dynamic Relationship between Inequality and Economic GrowthDDoonngg HHeeoonn KKiimm** (Korea University, Korea) and JJeeyyoouunngg MMoooonn (OhioState University, USA)

Local-Global Interface as a Key Factor in Catching up of RegionalInnovation Systems: Fast vs. Slow Catching up among Taipei, Shenzhen,and Penang in AsiaJJiinnhheeee KKiimm** and KKeeuunn LLeeee (Seoul National University, Korea)

China’s Sustainable Tourism and Output Growth: A Policy Modelling StudyTTrraann VVaann HHooaa (Victoria University, Australia), JJoo VVuu** (Victoria University

Thursday, August 26, 2021


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4/5

Business School, Australia) and PPhhaamm QQuuaanngg TThhaaoo (Vietnam Union ofScience and Technology Associations, Vietnam)

SSeessssiioonn 11CC:: BBKK2211 FFOOUURR SSeessssiioonn ((OOrrggaanniizzeedd bbyy BBKK2211 FFOOUURR,, DDeeppaarrttmmeenntt ooffEEccoonnoommiiccss,, KKoorreeaa UUnniivveerrssiittyy))

Moderator: SSaannggssoooo PPaarrkk (Korea University, Korea)

Global Factors in Inflation and Interest RatesSSuunnhhoo LLeeee** and KKyyuuhhoo KKaanngg (Korea University, Korea)

Estimating Markov-Switching Skewness in a Stochastic Volatility ModelKKiittaakk KKiimm** and KKyyuuhhoo KKaanngg (Korea University, Korea)

Sustainable Development of Vietnam, a Transition Country, and Implicationfor North Korea YYuunnhhoo JJiinn** and SSuunngg JJiinn KKaanngg (Korea University, Korea)

Determinants of Purchase Willingness towards Electric Vehicles (EVs): TheCase of Jeju Island SSeeoonn JJuu LLeeee** (Korea University, Korea)

Does Environmental Regulation Disrupt Bilateral Agricultural ProductsTrade? SSuunn LLeeee** (Korea University, Korea)

PPaanneelliissttssJJiinnyyoouunngg KKiimm (Korea University, Korea)JJiinniillll KKiimm (Korea University, Korea)CChheeoollbbeeoomm PPaarrkk (Korea University, Korea)KKwwaannhhoo SShhiinn (Korea University, Korea)


10:45-12:15 SSeessssiioonn 22AA:: MMaaccrroopprruuddeennttiiaall PPoolliiccyy

Moderator: SSuunngg YY.. PPaarrkk (Chung-Ang University, Korea)

Regulating Capital Flows with Macroprudential Tool: Focusing onMacroprudential Stability Levy (Bank Levy)SSaannhhoo LLiimm* (Sungkyunkwan University, Korea)

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Measuring the Effects of LTV and DTI Limits: A Heterogeneous Panel VARApproach with Sign RestrictionsSSeerrii SShhiimm** (Seoul National University, Korea)

Constructing Early Warning System for Household Debt Risk in Korea: ASimple Deep Learning ApproachYYuujjiinn KKwwoonn** and SSuunngg YY.. PPaarrkk (Chung-Ang University, Korea)

Revisit Public Debt Stability Condition: Rethinking of the Domar ConditionNNaaooyyuukkii YYoosshhiinnoo** (Asian Development Bank Institute, Japan) and HHiirrooaakkiiMMiiyyaammoottoo (Tokyo Metropolitan University, Japan)

SSeessssiioonn 22BB:: CCoorrppoorraattee GGoovveerrnnaannccee aanndd FFiirrmm BBeehhaavviioorr

Moderator: IIllttaaee KKiimm (Chonnam National University, Korea)

Corporate Environmentalism in a Managerial Delegation and AbatementSubsidy PolicySSaanngg--HHoo LLeeee and CChhuull--HHii PPaarrkk** (Chonnam National University, Korea)

The Effects of Board Independence on Forced CEO Turnovers: Evidencefrom a US-Japan ComparisonAAttssuukkoo IIzzuummii and HHyyeeoogg UUgg KKwwoonn** (Nihon University, Japan)

Corporate Governance and Export Behavior: Evidence from KoreaJJoonngg HHwwaa LLeeee** (Dong-A University, Korea) and HHyyuunnjjiinn OOhh (YonseiUniversity, Korea)

Retailing in the COVID-19 Pandemic: Understanding OmnichannelShopping Intentions and BehaviorsJJaayy SSaanngg RRyyuu** (Texas Christian University, USA)

SSeessssiioonn 22CC:: CClliimmaattee CChhaannggee aanndd TTaaxxaattiioonn

Moderator: HHyyuunngg--GGuunn KKiimm (Kangwon National University, Korea)

Optimal Tariffs with Emission Taxes under Non-restrictive Two-partLicensing Strategies by a Foreign Eco-competitorSSeeuunngg--LLeeuull KKiimm** (Kangwon National University, Korea) and SSaanngg--HHoo LLeeee(Chonnam National University, Korea)

Program

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Optimal Dynamic Taxation with Vehicle Fuel Efficiency: Pigou MeetsRamseyBBoonnggsseeookk CChhooii** (Kookmin University, Korea) and SSooyyoouunngg LLeeee (KoreaEnergy, Korea)

Climate and International Trade: Using Chinese Urban Panel DataLLiiuuyyii DDaaii** and KKeeuunnjjaaee LLeeee (Pusan National University, Korea)

12:15-13:30 Lunch

Moderator: WWoonn JJoooonngg KKiimm (Konkuk University, Korea)

LLuunncchh SSppeeeecchhMMyyoonngghhoo RRhheeee (Chairman and CEO, Korea Securities Depository (KSD))

13:30-14:30 OOppeenniinngg SSeessssiioonn && KKeeyynnoottee SSppeeeecchh

Moderator: WWoonn JJoooonngg KKiimm (Konkuk University, Korea)

RReemmaarrkkss bbyy OOrrggaanniizzeerrYYoouunngg--JJaaee KKiimm (President, The Association of Korean Economic Studies,Korea)

CCoonnggrraattuullaattoorryy RReemmaarrkkHHeeoonngg--JJoooonn PPaarrkk (Mayor, Busan Metropolitan City (BMC), Korea)

KKeeyynnoottee SSppeeeecchhAsian Development OutlookYYaassuuyyuukkii SSaawwaaddaa (Chief Economist and Director General, AsiaDevelopment Bank (ADB))

14:30-16:00 SSeessssiioonn 33AA:: SSttrraatteeggiicc AAggeennddaass ffoorr KKoorreeaann FFiinnaanncciiaall IInndduussttrryy aanndd BBuussaann aass aannIInntteerrnnaattiioonnaall FFiinnaanncciiaall HHuubb ((OOrrggaanniizzeedd bbyy BBuussaann FFiinnaannccee CCeenntteerr ((BBFFCC)),,llaanngguuaaggee:: KKoorreeaann))

Moderator: SSuunngg--hhoooonn PPaarrkk (Special Advisor for Economy, BusanMetropolitan City, Korea)

Trends of International Financial CentersJJoocchheenn BBiieeddeerrmmaannnn (Managing Director, World Alliance of InternationalFinancial Centers (WAIFC))

6/7

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Program

Development Strategies for Global Financial Hub in Response to Externaland Internal Changes in the Financial EnvironmentJJeeoonngg HHoo SSuuhh (Director, Korea Institute of Finance, Korea)

Current Status of Fintech Hub and Strategy for Financial Center in BusanKKii--RRyyoonngg KKwwoonn (Chairman, Global Fintech Industry Promotion Center,Korea)

PPaanneelliissttssJJoonngg HHwwaa KKiimm (President, Busan Finance Center, Korea) KKii CChhuull SSuunngg (Senior Advisor on Financial Policy, Busan Metropolitan City, Korea)JJoonngg PPiill LLeeee (Researcher, Busan Development Institute, Korea)SSaanngg HHwwaann KKiimm (General Manager, BNK Busan Bank Blockchain Team Leader, Korea)

SSeessssiioonn 33BB:: MMiiggrraattiioonn aanndd LLaabboorr MMaarrkkeett II

Moderator: GGii--HHoooonn HHoonngg (Pusan National University, Korea)

The Effect of COVID-19 Pandemic on Employment and Domestic LabourMarket in NepalRRaamm KKuummaarr PPhhuuyyaall** (Tribhuvan University, Nepal), MMaaddhhuussuuddaann BBhhaattttaarraaii(Freelancer Consultant, Nepal) and YYaadduu NNaatthh AAcchhaarryyaa (National PlanningCommission, Government of Nepal, Nepal)

An Analysis on the Employment Relationship of Domestic and ForeignWorkers in the Regional Labor Market Using Instrumental Variable MethodCChhaannyyoouunngg LLeeee** (Chonnam National University, Korea)

Should Host Countries Regulate or Deregulate the Labour ImmigrationPolicy When Accepting Study Migrants?AAkkiirraa SShhiimmaaddaa** (Nagasaki University, Japan)

The Effect of Minimum Wage on Self-employmentDDaavviidd KKiimm (The University of Sydney, Australia), WWoooo--YYuunngg KKiimm**(Kongju National University, Korea) and JJiinn HHaann BBaaii (Chungnam NationalUniversity, Korea)


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8/9

16:15-17:45 SSeessssiioonn 44AA:: NNeeww DDeeaall ffoorr RReeggiioonnaall DDeevveellooppmmeenntt aanndd tthhee MMeeggaa--CCiittyy SSttrraatteeggyy((OOrrggaanniizzeedd bbyy BBuussaann DDeevveellooppmmeenntt IInnssttiittuuttee ((BBDDII)) && KKoorreeaa EEccoonnoommiicc aannddBBuussiinneessss AAssssoocciiaattiioonn ((KKEEBBAA)),, llaanngguuaaggee:: KKoorreeaann))

Moderator: YYoonngg--JJaaee KKiimm (Pusan National University, Korea)

Strategies to establish Southeast Region Megacity for the new century ofBusan, Ulsan, and GyeongnamSSoooohhyyuunn BBaaee (Researcher, Busan Development Institute, Korea)

Southern Economic Area for Sustainable Economy and Balanced RegionalDevelopmentCChhoonngguunngg KKiimm (Daegu Haany University, Korea)

Urban Regeneration and Regional ActivationIIllttaaee KKiimm** (Chonnam National University, Korea) and YYoouunngg--eeoonn IImm(Chosun University, Korea)

PPaanneelliissttssGGeeuunn HHoo BBaaee (Dongeui University, Korea)CChhoooonngghhoooonn PPaarrkk (Busan Development Institute, Korea)YYoouunngg--CChheeuull AAhhnn (Presidential Committee on Autonomy andDecentralization, Korea)

SSeessssiioonn 44BB:: SSttaattuuss aanndd PPrroossppeeccttss ffoorr NNoorrtthh KKoorreeaa’’ss SSDDGGss ffrroomm tthheeEExxppeerriieennccee ooff tthhee EEaasstt AAssiiaann TTrraannssiittiioonn CCoouunnttrriieess ((OOrrggaanniizzeedd bbyy IInnssttiittuuttee ooffEEccoonnoommiiccss RReesseeaarrcchh,, KKoorreeaa UUnniivveerrssiittyy))

Moderator: TTaaee YYoonngg JJuunngg (Yonsei University, Korea)

The Sustainable Development Index of Transition Countries in East Asiaand Implications for North KoreaSSuunngg JJiinn KKaanngg (Korea University, Korea)

Financial Reform Agenda for North Korea: SDGs PerspectiveTTaaeessoooo KKaanngg** (KAIST, Korea) and DDaahhyyuunn KKaanngg (Yonsei University, Korea)

The Forecasting of Industrial Structure and Manpower Demand in NorthKoreaSSuunnggkkeeuunn PPaarrkk, SSoooo JJuunngg KKiimm** and YYoouunnggmmiinn KKiimm (Korea Institute forIndustrial Economics & Trade, Korea)

An Estimation of Total Residential Area in North Korea: 2007-2017JJooooyyuunngg LLeeee (Bank of Korea, Korea)

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Program

09:00-10:30 SSeessssiioonn 55AA:: IInntteerrnnaattiioonnaall TTrraaddee

Moderator: HHaann SSuunngg KKiimm (Ajou University, Korea)

The Russian Far East Foreign Trade and FDI with Northeast Asia underCOVID-19 PandemicDDeenniiss VV.. SSuusslloovv** (Economic Research Institute, Russia)

Service Development and Quality of Export: Evidence from Cross-countrySectoral DataNNgguuyyeenn TThhii TThhuu HHuuoonngg** and DDaannbbeeee PPaarrkk (Kangwon National University, Korea)

Analysis of China’s FTAs: Focusing on Their Relationship with the WTOAgreementsKKiiyyoouunn SSoohhnn** (Incheon National University, Korea)

Friday, August 27, 2021


PPaanneelliissttssHHaann KKyyoo SSeeoo (Ministry of Unification, Korea)JJeeoomm--hhoo LLeeee (Ministry of Unification, Korea)DDoonngghheeoonn KKiimm (Korea University, Korea)BBeeoommssoooo KKiimm (Korea University, Korea)HHoonnggsshhiikk LLeeee (Korea University, Korea)CChhuunngg MMoo KKoooo (CTBC Business School, Republic of China)

18:30-20:00 Dinner (Paradise Hotel Busan)

DDiinnnneerr SSppeeeecchheess

Moderator: YYoouunngg--JJaaee KKiimm (President, The Association of Korean EconomicStudies (AKES))

YYoouunngg HHwwaall LLeeee (Executive Vice President, Busan Chamber of Commerce& Industry)

2021 JKE 초청장 1908.5.7 3:25 PM 페이지11 mac1

10/11

The Potential Impacts of the RCEP on Economic Cooperation in East AsiaSShhiijjuunn CCaaoo** (Yanbian University, China) and SSuunngg JJiinn KKaanngg (KoreaUniversity, Korea)

SSeessssiioonn 55BB:: MMiiggrraattiioonn aanndd LLaabboorr MMaarrkkeett IIII

Moderator: CChhaanngg kkoonn CChhooii (Jeonbuk National University, Korea)

Electric Appliance Adoption and Female Labor Supply: Evidence fromVietnamHHyyeelliimm SSoonn** (University of Seoul, Korea) and SSeemmeeee YYoooonn (YonseiUniversity, Korea)

Gender Gap in Wages and Employment under Covid 19 ShockCChhaanngg kkoonn CChhooii** (Jeonbuk National University, Korea)

Rural-to-Urban Migration and Agricultural Productivity GapsSSuunnggmmuunn CChhooii** (Konkuk University, Korea)

Practical and Optimal Tax Rates on Household Expenditures in KoreaJJoooonngghhoo KKooookk** (Yokohama City University, Japan)

SSeessssiioonn 55CC:: BBaannkkiinngg aanndd FFiinnaannccee

Moderator: JJuunnssaanngg LLeeee (Sungkyunkwan University, Korea)

Asymmetric Volatility Transmission across Northeast Asian Stock MarketsWWoooo SSuukk LLeeee and HHaahhnn SS.. LLeeee** (Sogang University, Korea)

Price Dispersion and Banking, WelfareTTiimmootthhyy KKaamm (Australian National University, Australia), HHyyuunnggssuukk LLeeee**and JJuunnssaanngg LLeeee (Sungkyunkwan University, Korea)

Welfare Implication of Banking in the Heterogeneous Agent MonetaryModelJJuunnssaanngg LLeeee and HHyyeeoonnssiikk YYoooonn** (Sungkyunkwan University, Korea)


10:45-12:15 PPlleennaarryy SSeessssiioonn ((KKoorreeaa aanndd tthhee WWoorrlldd EEccoonnoommyy FFaacciinngg CCOOVVIIDD--1199 PPaannddeemmiiccaanndd RReeggiioonnaall DDeevveellooppmmeenntt))

Moderator: YYoouunngg--JJaaee KKiimm (President, The Association of KoreanEconomic Studies, Korea)

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Program

The Era of Great Divergence: Strategic Competition, Pandemic, andChanging Landscape of GSCHHeeuunnggcchhoonngg KKiimm (President, Korea Institute for International EconomicPolicy (KIEP), Korea)

Post-COVID World: Eight New NormalsHHyyuunn--HHoooonn LLeeee (Kangwon National University, Korea)

The Impact of COVID-19 Social Distancing Policy on Exit and Entry ofStores: Evidence from South KoreaMMiinn HHeeee YYoouu,, YYuunn JJeeoonngg CChhooii (Yonsei University, Korea) and JJeeee YYoouunnggKKiimm** (Sun Moon University, Korea)

PPaanneelliissttssCChhuunngg MMoo KKoooo (CTBC Business School, Republic of China)SSuunngg JJiinn KKaanngg (Korea University, Korea)KKeeuunn LLeeee (Seoul National University, Korea)

12:15-12:30 Closing Session / Group Photo

12:30-13:30 Lunch

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12/13

Program Committee

WWoonn JJoooonngg KKiimm,, Konkuk University (Co-Chair)SSuunngg JJiinn KKaanngg,, Korea UniversityCChhuunngg MMoo KKoooo,, CTBC Business SchoolWWoonn SSoooonn KKwwoonn,, Hankuk University of Foreign StudiesDDoonngg HHeeoonn KKiimm,, Korea UniversityKKiiyyoouunn SSoohhnn,, Incheon National UniversityCChhoonnggggaakk SShhiinn,, Korea Employment Information ServiceSSaanngg DDoonn LLeeee,, Korea Research Institute for Vocational Education & TrainingSSaanngg--HHoo LLeeee,, Chonnam National UniversityJJaaee RRaanngg LLeeee,, Bank of KoreaBByyuunngg--IInn LLiimm,, Chungbuk National UniversityHHaann SSuunngg KKiimm,, Ajou UniversitySSeeyyeedd KKoommaaiill TTaayyeebbii,, University of IsfahanTTrruunngg NNggoocc NNgguuyyeenn,, Institute of Human Studies, Vietnam Academy of Social Sciences

Local Organizing Committee

SSaanngg CChhoooonn KKiimm,, Yeungnam University (Co-Chair)GGuunn HHoo BBaaee,, Dong-Eui UniversityYYeeoonnjjeeoonngg LLeeee,, Pusan National UniversityJJaaee YYoouunn RRoohh,, Yeungnam UniversitySSuunngghheeee CChhooii,, Pusan National UniversityYYoouunngg MMyyoouunngg YYoooo,, Silla UniversityGGwwaanngg HHaaee WWoonn,, Busan TechnoparkSSoooo NNaamm PPaarrkk,, Pusan National UniversityKKiill JJuu KKaanngg,, Busan Center for Creative Economy & InnovationJJiinn GGuunn KKiimm,, Busan Finance CenterYYaanngg HHeeee LLeeee,, Busan China Business Forum

2021 JKE 초청장 1908.5.7 3:25 PM 페이지14 mac1

Publication Committee

Publication Committee

YYoouunngg SSee KKiimm,, Sungkyunkwan University (co-editor of Korea and the World Economy)TTaaeekk DDoonngg YYeeoo,, Yeungnam UniversityHHyyeeoonn--sseeuunngg HHuuhh,, Yonsei UniversityHHyyuunngg--GGuunn KKiimm,, Kangwon National University

Zoom Links

For “Opening Session”,“Plenary Session”, and Sessions “A”:https://pusan.zoom.us/j/83844210111?pwd=cFRYSjVBdnZ3N25RVmdSUXdKUVZ6QT09(SESSION ID: 838 4421 0111, PASSWORD: 960981)

For Sessions “B”:https://pusan.zoom.us/j/88587855975?pwd=V0daODhPaTBSVlltRXphYUdySUtTZz09 (SESSION ID: 885 8785 5975, PASSWORD: 382717)

For Sessions “C”:https://pusan.zoom.us/j/87151628382?pwd=Y1RKTTNqR1grd1ptbmNZKytMTFdKUT09 (SESSION ID: 871 5162 8382, PASSWORD: 043635)

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14/15

Organizing Units

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2021 jke 초청장

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