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  • Tsingshan Lecture VI: Financial Crises and Asset Bubbles

    Title:  Financial Crises and Asset Bubbles Speaker: Professor Jianjun MiaoTime: 15th April, 18:30Venue: Godlen HallAbstract:  Financial crises tend to share common causes and are frequently associated with asset bubbles and collapses. This talk examines the definitions of financial crises and asset bubbles, explores methods for identifying them, and analyzes their underlying causes. Additionally, it discusses seven major historical episodes of asset bubbles.Profile: Professor Jianjun Miao is a professor of economics at the Department of Economi-cs,Boston lniversity,a Fellow of the Economic Theory PromotionAssociation (Fellow of SAET), and a Senior Research Fellow (SeniorFellow of Asian Bureau of Finance and Economic Research (ABFER))at theInstitute of Asian Economic and Financial Studies. He also serves asdeputy editor of the ournals *Economic Theory* and *acroeconomicDynamics*, and former deputy editor of *Journal of Mathematical Economics* and *uantitative conomics*, Miao is the founder of the (hinaInternational Conference on Macroeconomics (CICM)and the China Macroeconomic Research Forum. He graduated from the lniversity of Scienceand Technology of China in 1992 with a Bachelor's degree in Mathemati-and subsequently obtained a Master's degree in Economics from SunC5，Yat-sen lniversity, a Master's degree in Finance from Queen's lniversity, Canada, and a Ph.D, in Economics from the lniversity of Rochester,USA, His research focuses on the macroeconomic impact of bubbles andcrashes,decision theory and applications under uncertainty,rationalneglect,business cycles,fiscal and monetary policies,damic contracts, and continuous time finance, fis research spans multiple disciplines,including macrocconomics and finance,as wellas decisiontheory, public finance,and industrial organization theory. The mainpublished journals include 《American Economic Review》,《American Economic Journal: Macroeconomics》,《Econometrica》,《International Economic Review》,《Journal of conomic Theory》,《Journal of Finance》《Journal of Financial Economics》,《Journal of Monetary Economics》《Proceedings of the National Academy of Sciences》,《Review of Financial Studies》,and Theoretical Economies, the world's top economicsand finance journals, He has published three monographs on economicsand won the Best Paper Award of China International Finance Annua]comerence.

    2025-04-23
  • Tsingshan Lecture V: Long Live Keju! The Persistent Effects of China’s Civil Service Examination System

    Title:  Long Live Keju! The Persistent Effects of China’s Civil Service Examination SystemSpeaker: Professor James KungTime: 14th March, 18:30Venue: Godlen HallAbstract: A predominant feature of Chinese civilization is the widely-diffused respect for learning. We argue that this is due to the effect of China’s civil service examination system (keju), an incredibly long-lived institution in Chinese history. Using the variation in the density of jinshi across 278 Chinese prefectures in the Ming-Qing period (c. 1368-1905) to proxy for this effect, we provide evidence showing that a doubling of jinshi per 10,000 population leads to an 8.5% increase in years of schooling in 2010. Our evidence thus suggests how in some cultures it is education rather than material wealth that is considered important as a transfer to the next generation. While the persistent effect of keju can be attributed to a multitude of factors including educational infrastructure, social capital, and so forth, cultural transmission represents a key channel through which the widely-diffused respect for learning is transmitted across generations. Profile: Prof. James Kung is Griffin Chair in Economic History in the Faculty of Business and Economics at the University of Melbourn. Before joining UniMel, he was tenured as the Issac R. Souede Professor in Economic History of Business School at the University of Hong Kong, and the Yan Ai Foundation Professor of Social Science at the Hong Kong University of Science of Technology (HKUST).His research interests are steeped in the economic history of China, its institutions and its political economy of development. Early on in his career, he was attracted to the “New Institutional Economics”, a passion that led to his studying the effects of institutions on development by examining a variety of topics ranging from the failure of a collectivized agriculture to the miraculous rise (and fall) of the township-and-village enterprises in rural China—a social laboratory I found utterly fascinating. 

    2025-03-18
  • Tsingshan Lecture IV: Innovation Management across Cycles：C Theory .

    Title:  Innovation Management across Cycles：C Theory .Speaker: Professor Xiaobo WuTime: 19th December, 18:30Venue: Godlen HallAbstract: How to break the 'catch-up trap'? This has always been a challenge for developing countries. What can we learn from China's success? Based on more than 30 years of research on innovation management, Prof Wu will systematically explain the C Theory from secondary innovation to overcoming catch-up, from decoding the micro-innovation mechanism of enterprises to revealing the dynamic evolution law of industrial innovation, to macro-industry and innovation policy. From decoding the micro-innovation mechanism of enterprises, to revealing the dynamic evolution law of industrial innovation, to macro-industrial and innovation policies, the conference will systematically expound the construction of the C-theory of innovation management from Chinese practice.Profile: Prof. Xiaobo WU is Professor of Innovation and Strategic Management, School of Management, Zhejiang University. He is honored as Chang Jiang Scholar Professor by Ministry of Education, China for his outstanding achievements in innovation and entrepreneurship research and education. He is director of National Institute for Innovation Management and Academy of Global Zhejiang Entrepreneurs, at Zhejiang University. He is also the director of the Zhejiang University—Cambridge University Joint Research Center for Global Manufacturing and Innovation Management and Ruihua Institute for Innovation Management, and was appointed as senior vice president of International Council for Small Business in 2012. He also serves as the vice-president of the Central and East European Management Development Association (CEEMAN). For many years, Dr. Wu has been focusing on managing technological innovation and entrepreneurship, global manufacturing and network-based competitive strategy. He is at editorial boards of academic journals, as IEEE TEM, AJTI etc. He has been actively involved in management consulting and was the advisor and board member of leading companies including Geely, Siemens China, Hikvision, XIZI UHC and etc.

    2024-12-20
  • 2024 Summer 《The Chinese Economy》

    Course Name:  The Chinese EconomySpeaker: Professor Scott Rozelle (Helen F. Farnsworth Senior Fellow, Tsingshan Chair Professor)Time: 7th June-29th JuneVenue: North4-104Abstract: This is a survey course of the Chinese economy with emphasis on understanding a.) the process of economic development in China over the centuries before 1949; b.) the economy during the age of Socialism; and c.) economic reform, transition and development during the past 40 years. It will help students learn the different historical stages of institutional changes, develop an informed perspective on economic and political rationale and the effectiveness of the economic policies that have shaped China’s economic emergence, and think critically about the process of economic and social changes. We will also be using applied econometrics and real data to replicate papers as a way of producing a deeper understanding of how to undertake the activities of an applied development economist.Discussion sections are part of the class requirements. There will be 4-6 sessions required (that is, not every week). Three of them will be showing PBS documentaries (each about 1 hour and 50 minutes long). We will show the documentary. We will discuss. There will be questions of week that those who attend should find fairly straightforward (answers to the questions will be turned in as homework and become part of your grade). 

    2024-11-05
  • Tsingshan Lecture III: Enhancing the Contribution of Universities to Innovation and Economic Growth

    Title:  Enhancing the Contribution of Universities to Innovation and Economic GrowthSpeaker: Professor Simon CollinsonTime: 13th September, 18:30Venue: Godlen HallAbstract:  Universities are major contributors to innovation capability in firms and economies. Because of this they drive economic growth and competitiveness but can also reduce social inequality and help improve environmental sustainability. This contribution is not fully recognised partly because it is difficult to measure. Using examples from the UK and China this talk will examine the importance of universities as skills-developers and R&D-producers in the context of regional economic growth. We will then explore ways in which their contribution to the wider economy and society can be enhanced.Profile:  Professor Simon Collinson (FRSA, FAcSS) is a Tsingshan Chair Professor at the Tsingshan Institute for Advanced Business Studies (TIABS) in the ZJU School of Management.Prof. Simon Collinson has a B.A. Hons. from the University of Leeds (UK), an M.A. from the University of Florida (USA), and a DPhil. from the University of Sussex (SPRU, UK). He has held visiting positions at Hitotsubashi University (Japan), Indiana University (USA) and the AGSM, Sydney (Australia) and faculty positions at the Universities of Edinburgh, Reading (Henley) and Warwick, where he was Deputy Dean of the Warwick Business School. He joined the University of Birmingham in 2012 as Dean of the Birmingham Business School and Professor of International Business and Innovation. He then took on the joint roles of Deputy Pro-Vice-Chancellor and Founding Director of the City-Region Economic Development Institute (City-REDI) from 2016 to 2024 and joined ZJU in 2024. He is an Honorary Professor at the University of Birmingham and an Associate of the Bennett Institute for Public Policy at Cambridge University.Professor Collinson has been awarded over £15 million (CNY 135 million) of research funding and published more than 80 papers in leading international journals, including Research Policy, Regional Studies, JIBS, Business History and Organisation Studies. His research has also featured in the Financial Times, Sunday Times, Wall Street Journal, BBC Radio 4, and the New Statesman. Simon has taught at the MBA and Executive levels at Henley (Reading), WBS (Warwick) and Judge (Cambridge) Business Schools and has consulting experience with a wide range of multinational firms. He is also lead author of the foremost FT/Pearson International Business textbook (9th Edition, 2024).Following two appointments as a Member of the Council of the UK ESRC (Economic and Social Research Council), which oversees the government programme of national funding across all of the social sciences (2011 – 2018), Simon was elected a Fellow of the Academy of Social Sciences (AcSS). For his long-term contribution to academic leadership and impact he was made a Fellow of the Royal Society for the encouragement of Arts (RSA), a Fellow of the Chartered Association of Business Schools (C-ABS) (of which he was Chair, 2015-2018) and a Fellow of the British Academy of Management (BAM). 

    2024-09-25
  • Tsingshan Lecture II: Managing Mental Health in Rural China is Managing Health, Education and the Economy

    Title: Managing Mental Health in Rural China is Managing Health, Education and the EconomySpeaker: Professor Scott RozelleTime: 20th June, 18:30Venue: Godlen HallAbstract:  Although children living in low-and middle-income countries (LMICs) account for 90% of the global population of children, mental health among children in LMICs has been understudied. This study examines the prevalence of depression and anxiety and their associations with biological and psycho-social factors among children across China, with a focus on rural areas. We conduct a large-scale epidemiological study among 53,421 elementary and junior high school-aged children across China. The results show that 20% are at risk for depression, 6% are at risk for general anxiety, and 68% are at risk for at least one type of anxiety. Girls and junior high school students show higher risk for mental health problems; socioeconomic status has varying associations to mental health. Our results also show robust correlations between mental health and cognition. These findings underscore the importance of identification, prevention, and treatment of youth mental health problems in underdeveloped areas. As China constitutes 15% of the global population of children under age 18, this study offers valuable information to the field of Global Mental Health, especially given its findings of high prevalence for multiple mental health problems and robust correlations between mental health and cognition.In addition, we will also address issues of mental health among mothers and other caregivers of young children in rural China. One of the most fundamental issues that underlie the high level of development delays of young children in rural China is the mental health of caregivers, including mothers. Nearly 30% of caregivers of young children in rural China are at risk for depression, anxiety and stress. When caregivers receive treatment in the form of Thinking Healthy Extension Program (originally a UN developed program), the cognitive ability and language skill of their young children rise significantly. Profile:  Scott Rozelle is the Helen F. Farnsworth Senior Fellow and the co-director of Stanford Center on China's Economy and Institutions in the Freeman Spogli Institute for International Studies and Stanford Institute for Economic Policy Research at Stanford University. He received his BS from the University of California, Berkeley, and his MS and PhD from Cornell University. Previously, Rozelle was a professor at the University of California, Davis and an assistant professor in Stanford’s Food Research Institute and department of economics. He currently is a member of several organizations, including the American Economics Association, the International Association for Agricultural Economists, and the Association for Asian Studies. His research focuses almost exclusively on China and is concerned with: agricultural policy, including the supply, demand, and trade in agricultural projects; the emergence and evolution of markets and other economic institutions in the transition process and their implications for equity and efficiency; and the economics of poverty and inequality, with an emphasis on rural education, health and nutrition. Rozelle's papers have been published in top academic journals, including Science, Nature, American Economic Review, and the Journal of Economic Literature. In recognition of his outstanding achievements, Rozelle has received numerous honors and awards, including the Friendship Award in 2008, the highest award given to a non-Chinese by the Premier; and the National Science and Technology Collaboration Award in 2009 for scientific achievement in collaborative research.

    2024-09-25
  • Tsingshan Lecture I: Claudia Goldin, the Gender Wage Gap and Some Econometric Issues

    Title:   Claudia Goldin, the Gender Wage Gap and Some Econometric IssuesSpeaker: Professor Songnian Chen Time: 9th April, 18:30Venue: Godlen HallAbstract: Firstly provide a brief introduction to Goldin's Nobel winning contributions, and in particular, her findings on patterns of women's participation in the labor market over the centuries and the evolution of the gender wage gap in the United States. Then discuss some econometric issues commonly involved in analysing the gender wage gap.Profile: Dr. Songnian CHEN is Professor of Economics, College of Economics, Zhejiang University (ZJU). He is elected as the 2022 Fellow of the Econometric Society. He is also honored as the first Tsingshan Chair Professor at Tsingshan Insititute for Advanced Business Studies (TIABS) of ZJU. He received his Ph.D. in Economics from Princeton University in 1994. He was a provost's chair professor in the Department of Economics at the National University of Singapore and a chair professor at the Hong Kong University of Science and Technology (HKUST). During his tenure at HKUST, Prof. Chen also served as a member of the University Substantiation and Promotion Committee, Senior Research Fellow of the Institute for Advanced Study etc. He has published over 40 papers in leading journals such as  Econometrica, Review of Economic Studies, Journal of Econometrics, Econometric Theory, Annals of Statistics, Journal of American Statistical Association, and Journal of Business and Economic Statistics. Prof. Chen is a fellow of the Journal of Econometrics (JOE) and served as an Associate Editor of Journal of Econometrics from 2002 to 2021.

    2024-09-25
  • Phone/Fax：0571-87078525
  • E-mail：zjutiabs@zju.edu.cn
  • Address：Tsingshan Institute for Advanced Business Studies of Zhejiang University  B-11, Chengzhang Building, 866 Yuhangtang Rd, Hangzhou 310058, P.R. China
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