Asia Conference on Efficiency and Productivity Growth

Asia Conference on Efficiency and Productivity Growth
Date: July 19-20, 2002
Venue: Second Floor of Academic Activity Center, Academia Sinica

Program

July 19, 2002 (Friday)

8:00 - 9:00	Registration
9:00 - 9:15	Welcome and Opening Remarks (Conference Room 1)
	Cyrus C.Y. Chu (Vice President of Academia Sinica)

9:15 - 10:35	Keynote Addresses
	Chair: Tzong-Shian Yu
	"The Managers Versus the Consultants" C.A.Knox. Lovell (University of Georgia, USA) & E. Grifell-Tatje (Universitat Autonoma de Barcelona, Spain)
	"Rational Inefficiency"
	Peter Bogetoft (Royal Agricultural University, Denmark)& Jens Leth Hougaard (University of Copenhagen, Denmark)

10:35 - 11:00	Coffee Break

11:00 - 12:30	Section A1: Stochastic Frontier Analysis (I) (Conference Room 1)
	Chair: Cliff Huang Discussant: William H. Greene
	1.	"Technical Efficiencies of Rice Farmers Under Different Irrigation Systems and Cropping Seasons in West Java" Heny Daryanto& George E. Battese & Euan M. Fleming (University of New England, Australia)
	2.	"Non-parametric Stochastic Frontier Models" Subal C. Kumbhakar (State University of New York, USA)& Efthymios G. Tsionas (Athens University of Economics and Business, USA)
	3.	"Economic Efficiency and Confidence Intervals of Taiwan's Banking Industry" Tai-Hsin Huang (Tamkang University, Taiwan)


11:00 - 12:30	Section B1: Total Factor Productivity Analysis (Conference Room 2)
	Chair: Katsunobu Kondo Discussant: Amy Ruey-Meng Hwang and John R. Norsworthy
	1.	."Productivity, Innovation and Diffusion in the United States: Can Policy Put the States on the Technology Frontier?" Shawna Grosskopf (Oregon State University, USA) & Kathy Hayes (Southern Methodist University, USA) & Lori Taylor (Federal Reserve Bank of Dallas, USA)
	2.	"Elasticities of Total Factor Productivity" Shu-Chin Huang (Ming Chuan University, Taiwan)
	3.	"A study on Industry-switching Behavior and Productivity-The Case of Taiwanese Electronics Firms" Jong-Rong Chen & Shan-Ying Chu (National Central University, Taiwan)
	4.	"The Total Factor Productivity Growth in Taiwan, 1960-1993: A Counter-Evidence to Krugman-Kim-Lau-Young Hypothesis" Chi-Yuan Liang (Academia Sinica, Taiwan)

11:00 - 12:30	Section C1: Data Envelopment Analysis (I) (Conference Room 3)
	Chair: Brendan McCarthy Discussant: Tim Coelli
	1.	"Productivity Growth and Structural Changes in Airlines: A Distance Function Approach" Meryem Duygun Fethi (University of Leicester, UK)& Peter M. Jackson (University of Leicester, UK), & Thomas G. Weyman-Jones (Loughborough University, UK)
	2.	"Korean and Taiwanese Productivity Performance-Comparisions at Matched Manufacturing Levels" Frank S.T. Hsiao & Changsuh Park (University of Colorado at Boulder, USA)
	3.	"How Inefficient are East-Asian Industries? An International and Intertemporal Non-Parametric Frontier Analysis" Marcel P. Timmer (University of Groningen, The Netherlands)

12:30 - 14:00	Lunch Break

14:00 - 15:30	Section A2: Data Envelopment Analysis (II) (Conference Room 1)
	Chair: Habibolah Salami Discussant: Finn R. Forsund
	1.	"Aggregation of Cost Efficiency Indicators and Indexes Across Firms" Shawna Grosskopf & Rolf Fare & V. Zelenyuk (Oregon State University, USA)
	2.	"Non-performing Loans and Bank Efficiencies: An Application of the Distance Function Approach" Yang Li (National Chi-Nan University, Taiwan) & Jin-Li Hu (National Chiao-Tung University, Taiwan)
	3.	"Using DEA to Examine the Association Between Bank Assert Quality and Operating Performance: The Case of Taiwan's Banking Industry" Chin S. Ou & Chia Ling Lee & Chaur-Shiuh Young (National Chung Cheng University, Taiwan)

14:00 - 15:30	Section B2: Openness and Growth in Taiwan and Thailand (Conference Room 2)
	Chair: Shin-Kun Peng Discussant: Jonathan E. Leightner
	1.	"The Role of Japanese Foreign Direct Investment on the Growth and Productivity of Thai Industry" Paitoon Kraipornsak (Chulalongkorn University, Thailand)
	2.	"A Study on Outward FDI-The Case of Taiwan" Chi-Jen Yeh & Bernard Franck (Universite de Caen, France)
	3.	"Industrial Productivity Growth and Openness in Taiwan" Ling Sun (Providence University, Taiwan)

14:00 - 15:30	Section C2: Productivity Comparison in Agriculture (I) (Conference Room 3)
	Chair: Nazrul Islam Discussant: Ching-Cheng Chang
	1.	"Productivity Change in Thai Agriculture: A Non-Parametric" Wirat Krasachat (King Mongkut's Institute of Technology Ladkrabang, Thailand)
	2.	"Factor Shares, Productivity, and Sustainability of Growth in the Malaysian Agricultural Sector" Jamal Othman (National University of Malaysia, Malaysia)
	3.	"Productivity Change for Agricultural Cooperatives in Japan Measured by Nonparametric Malmquist Indices" (table) Katsunobu Kondo (Asahikawa University, Japan) &Yasutaka Yamamoto (Hokkaido University, Japan)

15:30 - 16:00	Coffee Break

16:00 - 17:30	Section A3: Stochastic Frontier Analysis (II) (Conference Room 1)
	Chair: Deng-Yang Chou Discussant: Subal C. Kumbhakar
	1.	"One-Step and Two-Step Estimation of the Effects of Exogenous Variables on Technical Efficiency Levels" Peter Schmidt (Michigan State University, USA)& Hung-Jen Wang (Academia Sinica, Taiwan)
	2.	"From Whom Do Farmers Learn? An Analysis of Technical Efficiency Determinants for the Indian Green Revolution" Spiro E. Stefanou & Takeshi Ueda (Pennsylvania State University, USA)
	3.	"Measuring Technical and Scale Efficiency in Rail Industry: A Comparison of 85 Railways Using DEA and SFA" Lawrence W. Lan (National High Speed Rail System of Transportation Bureau, Taiwan) & Erwin T. J. Lin (National Chiao Tung University, Taiwan)

16:00 - 17:30	Section B3: Productivity and Efficiency in Banking Industry (I) (Conference Room 2)
	Chair: Jin-Lung Lin Discussant: Ray Yeu-Tien Chou
	1.	"Effects of Scale Changes on the Growth TFP in the Agricultural Bank of Iran" Habibolah Salami (University of Tehran, Iran)
	2.	"Technology, Automation and Productivity of Stock Exchanges: International Evidence" Iftekhar Hasan (New Jersey Institute of Technology and Federal Reserve Bank of Atlanta, USA) & Markku Malkamaki (Evli Bank) & Heiko Schmiedel (HWWA-Hamburg Institute of International Economics and Bank of Finland)
	3.	"The Formation of Large Banking Groups in France: Observed and Potential Effects on Costs and Revenues" Mohamed E. Chaffai (Universite de Sfax, Turnisie) & Michel Dietsch (LARGE-IEP, Universite Robert Schuman de Strasbourg) & Vichett Oung (Commission Bancaire)

16:00 - 17:30	Section C3: Technology and Growth (Conference Room 3)
	Chair: Chi-Yuan Liang Discussant: Marcel P. Timmer
	1.	"The Effects of IT Innovation on Growth and Business Cycle" Byung-Gwun Choy & Jongsu Lee & Jeong-Dong Lee& Tai-Yoo Kim (Seoul National University, Korea)
	2.	"Thoughts on Efficiency and Productivity for a Volatile Era" Ching-Ying Lien (Nan Hua University, Taiwan)
	3.	"Industrial and Spatial Spillovers and Productivity Growth" Diana H. Tsai (National Sun Yat-Sen University, Taiwan)

18:30 - 21:00	Reception Banquet (Hua-Yang Restaurant, on the first Floor of Academic Activity Center, Academia Sinica)

July 20, 2002 (Saturday)

9:00 - 10:30	Section A4: Data Envelopment Analysis (III) (Conference Room 1)
	Chair: Chien-Fu Jeff Lin Discussant: Rolf Fare
	1.	"On the Circularity of the Malmquist Productivity Index" Finn R. Forsund (University of Oslo, Norway)
	2.	"Productivity Growth and Spillovers in Asia: An Intertemporal Sectoral DEA Approach" Bart Los & Marcel P. Timmer (University of Groningen, The Netherlands)
	3.	"Technical Efficiency of Controllable Attributes: Categorical Production Practices" Taeho Kim & Robert D. Weaver (Pennsylvania State University, USA)
	4.	"Productivity Changes of Hospitals in Taiwan: A Quality-Incorporated Malmquist Index Bootstrap Approach" Shih-Neng Chen (Shih Hsin University, Taiwan)

9:00 - 10:30	Section B4: Externality, Productivity and Efficiency (Conference Room 2)
	Chair: Jeong-Dong Lee Discussant: Spiro Stefanou
	1.	"Human Capital and Convergence: A Production-Frontier Approach" Daniel J. Henderson & R. Robert Russell (University of California at Riverside, USA)
	2.	"The Externality Effect of Public Investment, Agglomeration Economies and Accessibility on Cost Efficiency and Productivity Growth for Business, Manufacturing and Service Industries in Taiwan" Shi-Sheng Yao (Kun Shan University of Technology, Taiwan) & Yu-Sheng Chiang (NCKU, Taiwan) & Judy Shaw-er Wang (NCKU, Taiwan)
	3.	"Productivity Growth in Taiwan's Airports When Some Outputs Are Undesirable" Ming-Miin Yu (Da-Yeh University, Taiwan)& Shih-Hsun Hsu (National Taiwan University, Taiwan) & Ching-Cheng Chang (Academia Sinica and National Taiwan University, Taiwan)
	4.	"Productivity, Pollution and Growth in the Pacific Region" Joaquin A. Millan (Polytechnic University of Madrid, Spain) & Natalia Aldaz (University of Lleida, Spain) & Jose S. Millan (University of Lleida, Spain)

9:00 - 10:30	Section C4: Deregulation, Merger, and Productivity (Conference Room 3)
	Chair: Toru Hattori Discussant: Mohamed E. Chaffai
	1.	"Productivity Measurement for the Retail Service Industry in Japan-the evaluation of the Deregulations in 1990s-" Toshiyuki Matsuura & Takanobu Nakajima (Keio University, Japan)
	2.	"The Merger and Acquisitions of Taiwan's Domestic Banking Industry: Impacts on Efficiency and Market Power" Bih-Shiow Chen & Ruei-Yang Chen (Soochow University, Taiwan)
	3.	"Cost Efficiencies of Mergence Between Commercial Banks and Farmer Credit Unions in Taiwan" Tsu-Tan. Fu (Academia Sinica,Tauwan) & Y.C. Chen & R.J. Woo (National Taiwan University, Taiwan)

10:30 - 11:00	Coffee Break

11:00 - 12:30	Section A5: Stochastic Frontier Analysis (III) (Conference Room 1)
	Chair: Ching-Fan Chung Discussant: Peter Schmidt
	1.	"Stochastic Frontier Estimation with Panel Data" William H. Greene (New York University, USA)
	2.	"Foreign-Funded Enterprises and State-Owned Enterprises's Technical Efficiency in China's Manufacturing Sector" Jr-Tsung Huang (National Chengchi University, Taiwan)
	3.	"Efficiency Estimation of Irrigation Water Use for Rice Production in Taiwan" Chung-Huang Huang (National Tsing-Hua University and Academia Sinica, Taiwan) & Chang-Erh Chow (Taiwan Institute for Economic Research, Taiwan)

11:00 - 12:30	Section B5: Productivity and Efficiency in Regulatory Industry (Conference Room 2)
	Chair: Meryem Duygun Fethi Discussant: Tai-Hsin Huang
	1.	"Parametric Tests of Efficiency for Japanese Electric Utilities Opportunities for Cost Reduction" Toru Hattori (Socio-economic Research Center, Central Research Institute of Electric Power Industry, Japan)
	2.	"International Benchmarking for Monopoly Price Regulation: The Case of Australian Gas Distribution" Roger Carrington (NSW Treasury, Australia) & Tim Coelli (University of New England, Australia) & Eric Groom (Independent Pricing and Regulatory Tribunal of New South Wales, Australia)
	3.	"Effects of Introducing Third-Generation (3G) Wireless Services in Taiwan: An Economy-wide Analysis" Ping-Cheng Li (Sun Yat-Sen University, Taiwan) & Mei-Ying Huang (National Taipei University, Taiwan) & Shih-Hsun Hsu (National Taiwan University, Taiwan)

11:00 - 12:30	Section C5: Efficiency Comparison in Agriculture (Conference Room 3)
	Chair: M.H. Karimkoshteh Discussant: George E. Battese
	1.	"Efficiency in Agricultural Production in Central Asia: Case of Uzbekistan" Masahiko Gemma (Waseda University, Japan)
	2.	"A Comparison of Methods for Efficiency Measurement for Farms in Bangladesh" Md Abdul Wadud (Rajshahi University, Bangladesh)
	3.	"Land Ownership Transfer and Productivity: Evidence from Taiwan" Hsin-Yu Tseng (University of Chicago, USA)

12:30 - 14:00	Lunch Break

14:00 - 15:30	Section A6: Public Sector Growth and Efficiency (Conference Room 1)
	Chair: Chi Schive Discussant: Peter Bogetoft
	1.	"Efficiency Measurement and Productivity Analysis for Japanese Post Offices" Shoji Maruyama (Institute for Posts and Telecommunications Policy, Japan) & Takanobu Nakajima (Keio University, Japan)
	2.	"Application Service Provision: A Model to Provide Efficient Education Export of ERP Applications and Curriculum into the Asia-Pacific" Brendan McCarthy & Neville Joy (Victoria University, Australia)
	3.	"Competition and Efficiency: The Impact of Charter Schools on Public School Performance" Shawna Grosskopf (Oregon State University, USA) & Kathy Hayes (Southern Methodist University, USA) & Lori Taylor (Federal Reserve Bank of Dallas, USA)
	4.	"The Productivity of Government Spending in Asia: 1983-2000" Jonathan E. Leightner (Augusta State University, USA)

14:00 - 15:30	Section B6: Efficiency and Market Structure (Conference Room 2)
	Chair: Paitoon Kraipornsak Discussant: Hung-Jen Wang and Cheng-Chen Yang
	1.	"The Measurement of Consumption Efficiency Considering the Discrete Choice of Consumers" Seog-Won Hwang & Jeong-Dong Lee & Tai-Yoo Kim (Seoul National University, Korea)
	2.	"The Inter-temporal Variation of the Concentration-Margins Relationship: The Case of Japanese Manufacturing" Mita Bhattacharya (Monash University, Australia) & Ryoji Takehiro (Doshisha University, Japan)
	3.	"Real Options: the Key to Values" George Y. Wang (University of London, UK)
	4.	"Optimal Taxation on a Mixed Diamond Good: With a Case Study on the Private Car Ownership in China" Xin Deng & Yew-Kwang Ng (Monash University, Australia)

14:00 - 15:30	Section C6: Risk and Efficiency in Banking Industry (Conference Room 3)
	Chair: Md Abdul Wadud Discussant: C. A. Knox Lovell
	1.	"A Dynamic Model of Bank Production with Adjustment Costs and Multiple Risk Effects" John R. Norsworthy (Rensselaer Polytechnic Institute, USA)& Wolfgang Bessler (Justus-Liebig University, Germany)
	2.	"An Analysis of Bank Charter Value and Its Risk-Constraining Incentives" Anthony Saunders (New York University, USA) & Berry Wilson (Pace University, USA)
	3.	"The Impact of Banking Regulatory Reform on the Industry's Productivity and Efficiency in Taiwan" Ming-Hsiang Huang & Cliff J. Huang (National Chiao Tung University, Taiwan)

15:30 - 16:00	Coffee Break

16:00 - 17:30	Section A7: Management and Efficiency (Conference Room 1)
	Chair: Joaquin A. Millan Discussant: Masahiko Gemma and Jong-Rong Chen
	1.	"Incentive-based Management of Efficiency: Pricing Genetically Engineered innovation" Taeho Kim & Robert D. Weaver (The Pennsylvania State University, USA)
	2.	"Productivity Growth in Western Australian Agriculture: 1977/78 to 1999/2000" Nazrul Islam (University of Western Australia, Australia)
	3.	"A Survey on Economical Efficiency of Humoon Lake Fishery Units" M.H. Karimkoshteh (Sistan and Baluchestan University, Iran)
	4.	"Is Information Technology A Substitute for Factors of Production? Evidence from U.S. Industries" M. Ishaq Nadiri (New York University & NBER, USA)& Sung-Bar Mun (New York University, USA) & Hyunbae Chun (Queens College, USA)

16:00 - 17:30	Section B7: Productivity and Efficiency in Banking Industry (II) (Conference Room 2)
	Chair: Chung-Shu Wu Discussant: Shawna Grosskopf
	1.	"The Value Relevance of Bank Efficiency: Cross-Country Evidence" Asokan Anandarajan (New Jersey Institute of Technology, USA) & Iftekhar Hasan (New Jersey Institute of Technology and Federal Reserve Bank of Atlanta, USA) & Laurent Weill (Robert Schuman University, France)
	2.	"Deregulation, Markups and Productivity Change: The Case of Spanish Banks" Ana Lozano-Vivas (Universidad de Malaga, Spain) & Subal C. Kumbhakar (State University of New York, USA)
	3.	"Efficiency, Non-traditional Activities and Control in the U.S. Savings and Loans industry" John Teall (Pace University, USA) and John Knopf (Seton Hall University, USA)

18:30 - 21:00	Dinner Banquet (Yang-Tse-River Restaurant, on the third Floor of Howard Plaza Hotel)

July 21, 2002 (Sunday)
08:00	Pick up at Academia Sinica
08:40	Pick-up at lobby of Howard Plaza Hotel, depart for Taipei City Tour
09:10	Visit Martyrs' Shrine to see change ceremony of honor guards
09:45	Visit National Palace Museum
12:00	Visit Hsin Tien Temple
12:30	Lunch at Mandarina Crown (Mongolian Bar-B-Q)
14:15	Visit President residential
15:15	Visit Chiang Kai-Shek Memorial Hall -- Presidential Square (Pass by)
16:30	Visit Chinese Handicraft Mart
17:00	Return to Howard Plaza Hotel
17:30	Return to Academia Sinica

MARTYRS' SHRINE
It is and excellent example of classical Ming dynasty architecture, dedicated to the fallen heroes of China's wars. There is an hourly changing of the guard ceremony at the entrance which many people find interesting

HSIN TIEN TEMPLE
Taipei's National Palace Museum houses the world's largest collection of Chinese art treasure. Most of the 620,000 art objects were part of the Chinese imperial collection that was brought to Taiwan for safe-keeping. The collection is too large to be displayed at one time! While many popular pieces remain on permanent display, other items are rotated regularly, making each visit unique.

HSIN TIEN TEMPLE
This temple, also known as Guan Di Temple. Built in 1804, this is the largest and most important temple in northern Taiwan devoted to Guan Gung, the red-faced God of War. The most important activities at this temple are the spring and autumn rites which take place on the 13th day of the first lunar month and the 24th day of the sixth lunar month, respectively. These are the times when images of all the 'branch gods' that have been consecrated at Shietian Temple over the years are brought back from all over Taiwan for communion with the 'senior' deity, and devotees flock into the temple in great crowds. The ceremonies involve offerings to the god and a ritual dance performed by primary school students acting as Guan Gung's soldiers. The spring rites also include turtles fashioned of sticky rice, which are offered to the god in thanks for services rendered or in supplication for help.

CHIANG KAI-SHEK MEMORIAL HALL
Chiang Kai-Shek Memorial is an impressive monument to a great Chinese leader. The majestic hall towers over 25 hectares of landscaped gardens, graceful pavilions, and ponds. A statue of late President Chiang looks out over the city from the main building. An elegant Ming-style arch at the main entrance is flanked by two classical-style buildings, the National Theater and the National Concert Hall. The square between the two buildings is a popular gathering place during festive occasions.

CHINESE HANDICRAFT MART
At this stop-off, people can purchase antique, traditional Chinese furniture, paintings, jewelry, jade, and handicrafts.