Faculty group: Kong-Pin Chen, Wen-Tai Hsu, Wei-Min Hu, Hao-Chung Li, Tzu-Ting Yang
Seminars in 2023 will be hybrid (both in-person and via ZOOM). If you would like to attend the seminar online, please register using the link on the main page of this website. Paper abstracts and links will be made available beforehand whenever possible. For more information about each seminar, please contact Jui-an Chou (jachou@econ.sinica.edu.tw)
Upcoming seminars:
Tuesday, March 28, 2023 9:00-10:30 (TPE time)
Speaker: Professor Shang-Jin Wei (Columbia University) Personal Webpage
Title: Mild Government Failure
Abstract: A relatively mild form of government failure--bureaucrats can count but do not differentiate quality--can significantly affect the efficiency of industrial policy. In addition, patent trade can augment the distortion in the policy. We investigate these ideas in the context of China's largest pro-innovation subsidy program using a structural model. We find that the return to the subsidy program is -19.7% (but would be 8% if the bureaucrats could differentiate quality). A significant portion of the welfare loss is enabled by patent trade.
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Thursday, April 6, 2023 14:30-16:00 (TPE time)
Speaker: Dr. Philipp Böing (Leibniz Centre for European Economic Research (ZEW)) Personal Webpage
Title: Misappropriation of R&D Subsidies: Estimating Treatment Effects With One-Sided Noncompliance
Abstract: We investigate the misappropriation of R&D subsidies and evaluate its consequences for policy effectiveness. Using Chinese firm-level data for 2001-2011, we identify that 42% of grantees misused R&D subsidies, accounting for 53% of total R&D subsidies. Misappropriation leads to a substantial loss of the causal impact of R&D subsidies, as measured by the difference of the intention-to-treat effect and complier average causal effect. Results show that R&D expenditures could have been stimulated beyond the subsidy amount (additionality), but noncompliance has resulted in medium-level partial crowding out. Overall, misappropriation has reduced the effectiveness of China's R&D policy by more than half.
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Forthcoming seminar:
TBA
Speaker: TBA
Title: TBA