讲座：Dynamic Big Push 发布时间：2024-05-22
嘉 宾：刘学文 教授 香港大学
主持人：喻洋 副教授 77779193永利官网
时 间：2024年5月31日（周五）14:00-15:30
地 点: 77779193永利官网徐汇校区77779193永利官网B716
内容简介：
This paper presents a tractable macro-development growth model that incorporates hierarchical demand in preference and learning-by-doing in production, showing the interaction between the demand-side and supply-side forces in the dynamic process of development. Our model captures the growth pattern of "income-push new market" and "demand-pull innovation" and demonstrates that the production externality induced by market demand varies over time at different stages of development. Government policy plays a role in addressing the inefficiency of the laissez-faire equilibrium due to the presence of the dynamic externality. This involves a two-sided intervention: suppressing consumption and enhancing capital accumulation in the early stage of development while reversing the sign to stimulate consumption in the later stage.
演讲人简介：
Professor Xuewen Liu is currently a full professor at HKU. Prior to joining HKU, he was an associate professor and an assistant professor at HKUST and was an assistant professor at Imperial College Business School. He obtained his Ph.D. degree at London School of Economics (LSE). Professor Liu is an economic theorist. His research areas include financial economics (corporate finance, financial markets, financial institutions, and financial crises), macroeconomics, growth and development, and Chinese economy. Professor Liu has published in leading finance and economics journals, such as Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Economic Theory, Journal of Monetary Economics.
