CONFERENCE PROGRAMME

7th INTERNATIONAL CONFERENCE DEVELOPMENTS IN ECONOMIC THEORY AND POLICY

Bilbao, July 1-2, 2010

Faculty of Economics and Business, University of the Basque Country

 

THURSDAY 1

 

8:00 - Registration

 

8:30 - 10:00: Parallel Sessions

 

Economic Growth I (Chair: John McCombie, Venue: Salón de Grados)

• Alfonso Palacio-Vera, Ana Rosa Martínez-Cañete, Inés Pérez-Soba Aguilar and Elena Márquez de la Cruz (Universidad Complutense de Madrid): Capital stock and unemployment in Canada
• Jose Luis Oreiro (Universidade de Brasília), Marcos Tostes Lamônica (Fluminense Federal University) and Carmem Aparecida Feijo (Fluminense Federal University): Capital accumulation, external restriction, technology gap and structural change: theory and the Brazilian experience
• Man-Seop Park (Korea University): On accounting "capital" in horizontal innovation models
• Betty Agnani and Henry Aray (University of Granada): Testing for political effects on total factor productivity

Innovation I (Chair: Catalina Galvez, Venue: Aula B.13)

• Pinyue Lu and Hui Gui (Shanghai University of Finance and Economics): A new model of labor-value theory: dual level theory on creation of labor value
• Jaime del Castillo (University of the Basque Country), Jonatan Paton (Infyde) and Juan José Muñoz (Infyde): The methodology for mapping both clusters and their impact. identifying critical mass for innovation
• Jean Pierre Seclen and Carlos Alberto Carrasco (University of the Basque Country): Institutions, regional innovation systems and economic growth in Latin America
• Beatriz Plaza, Catalina Galvez-Galvez and Ana Gonzalez-Flores (University of the Basque Country): A network approach to non-technological innovations in tourism

Graduate Students Session Topics on International Economics (Chair: Rui Henrique Alves, Venue: Aula B.14)

• Joana Machado (Faculdade de Economia da Universidade do Porto): Iceland: the chronicle of an announced crisis?
• Jakub Wierzba (Faculdade de Economia da Universidade do Porto): Multinationals at the bottom of the pyramid: new opportunities for business and social development
• Ricardo Magalhães (Faculdade de Economia da Universidade do Porto): How to profit from being a liberal? Impacts of presidential economic policy in the financial markets in America

 

 

 

Financial markets and institutions (Chair: Dany Lang, Venue: Aula B.15)

• Edith Skriner (Institute for Advanced Studies): Interest rates and bank lending
• Eric Tymoigne (Lewis and Clark College): Measuring Ponzi finance: an evolutionary view of financial fragility
• Simone Deos and Ana Rosa Ribeiro de Mendonça (University of Campinas): Theoretical and institutional aspects : a proposal for a conceptual delimitation of public banks

Graduate Students Session I (Chair: Colin L. Richardson, Venue: Aula B.12)

• Mitja Stefancic (University of Ljubljana): Local governance and bank regulation: the Italian cooperative credit system
• Maria Nikolaidi (University of Athens): Financial fragility and banking sector in a macroeconomic model with Minskyan insights
• Carlos A. Carrasco and Jesus Ferreiro (University of the Basque Country: Inflation in Latin America: an analysis of convergence
• Carlos A. Carrasco and Jesus Ferreiro (University of the Basque Country): What happens to inflation expectations? An analysis of the Mexican case

 

10:05 - 11:20: Special Session. Geoff Harcourt: the political economy of an Australian patriot and a Cambridge economist (I) (Chair: Philip Arestis, Venue: Aula Magna)

• John McCombie (University of Cambridge) The economics of Geoff Harcourt and the aggregate production function
• Lilia Costabile (University of Naples): The Harcourt ‘conservation of saving' principle, speculation and the global crisis
• Claudio Sardoni (University of Rome La Sapienza): Incomes policies: A Post Keynesian alternative to the mainstream

 

11:20 - 11:35: Coffee-break

 

11:35 - 12:50: Special Session. Geoff Harcourt: the political economy of an Australian patriot and a Cambridge economist (II) (Chair: Philip Arestis, Venue: Aula Magna)

• Stephanie Blankenburg (School of Oriental and African Studies. University of London) Post Keynesians and the market: troubled water and no bridge?
• Philip Arestis (University of Cambridge and University of the Basque Country) and Malcolm Sawyer (University of Leeds): The economic policies of the political economy of the Australian Patriot and Cambridge Economist
• Geoff Harcourt (University of Cambridge): Post-Keynesian theory, direct action and political involvement

 

12:55 - 14:05: Parallel Sessions

 

Macroeconomic tensions and problems of fiscal exit in the Euro area after the crisis (Organizer and Chair: Achim Truger, Venue: Salon de Grados)

•·        Till van Treeck and Achim Truger (Macroeconomic Policy Institute (IMK) at Hans-Boeckler-Foundation, Duesseldorf): Squaring the circle in Euroland? Some remarks on the Stability Programmes 2010-2013

•·        Henri Sterdyniak (Observatoire Francais des Conjonctures Economique and SDFI University of Paris Dauphine) and Catherine Mathieu (Observatoire Francais des Conjonctures): European debt crisis and fiscal exit strategies

•·        Philip Arestis (University of Cambridge and University of the Basque Country) and Malcolm Sawyer (University of Leeds): Time to say goodbye to the Euro?

Agents and markets (Chair: Kepa Astorkiza, Venue: Aula B.15)

• Bjorn-Christopher Witte (University of Bamberg): Fund managers: why the best might be the worst. On the evolutionary vigor of risk-seeking behaviour
• Bijou Yang (Drexel University) and David Lester (The Richard Stockton College of New Jersey): Personality traits and economic activity
• Luigi Bonaventura and Maurizio Caserta (University of Catania): The social dimension of entrepreneurship: the role of regional social effects

Crises and financial rescues in Latin America (Organizer: Humberto Morales, Chair: Miguel Reyes, Venue: Aula B.14)

• Humberto Morales (BUAP Universidad Iberoamericana de Puebla):
• Carlos Encinas (Universidad de Guanajuato):

China (Chair: Ricardo Bustillo, Venue: Aula B.13)

• P R Bhatt (Indian Institute of Management Kozhikode): Why China is going to be a world leader
• Yan Liang (Willamette University): Development finance: critically evaluating China's banking system in light of the current global financial crisis
• Ricardo Bustillo (University of the Basque Country) and Andoni Maiza (Daughters of Charity, Saint Vincent de Paul): Economic integration of China and the European Union: the role of the European trade policy

 

14:05 - 14:45: Lunch

 

14:45 - 15:15: Special Session. Festschrift for Philip Arestis (Chair: Jesus Ferreiro, Venue: Aula Magna)

• John Mc Combie (University of Cambridge)
• Malcolm Sawyer (University of Leeds)
• Geoff Harcourt (University of Cambridge)

 

15:15 - 16:30: Special Session. The New Economics as Mainstream Economics (I) (Chair: Philip Arestis, Venue: Aula Magna)

• Terry Barker (University of Cambridge): Proposed theoretical foundations of New Economics: values, resources, money, growth and policy
• Eckhard Hein (Berlin School of Economics) and Achim Truger (Macroeconomic policy Institute, Hans-Böeckler Foundation): Finance-dominated capitalism in crisis. The case for a Global New Deal
• Gary Dymsky (University of California Riverside): On the possible replacement of the ‘efficient market' hypothesis

 

 

 

16:35 - 17:45 Parallel Sessions

 

Economic Growth II (Chair: Malcolm Sawyer, Venue: Salón de Grados)

• Óscar Dejuán and Ana Rosa González (Universidad de Castilla La Mancha): Private productive investment in Spain and the United States (1964-2007)
• Dany Lang (University of Paris 13): Path dependency and hysteresis in a Kaleckian growth model

Agriculture, Fisheries and Natural Resources I (Chair: Patricia Peinado, Venue: Aula B.13)

• Kepa Astorkiza and Ikerne del Valle (University of the Basque Country): European anchovy stock collapse: some lessons about sustainability
• Massimo Rovai and Simone Gorelli (DAGA - Università di Pisa): Socio-economics farm characteristics: effects on rural landscape
• Ikerne del Valle and Kepa Astorkiza (University of the Basque Country): Quantifying the Prestige oil spill over effect on the Basque fishing industry

Latin America: financial crisis, regional integration and development financing (Organizer and Chair: Angel Casas, Venue: Aula B.14)

• Eugenia Correa (Universidad Nacional Autónoma de México): Financial structures for Latin American Countries
• Gregorio Vidal (Universidad Autonoma Metropolitana):
• Angel Casas (TEC Monterrey): Regional integration in Latin America and international cooperation for development. New keys? New axis? New questions?

Graduate Students Session Topics on Environmental Economics (Chair: Oscar Afonso, Venue: Aula B.15)

• Mónica Meireles, Isabel Soares and Oscar Afonso (Faculdade de Economia da Universidade do Porto): Economic growth, ecological technology and public intervention
• Nuno Torres, Óscar Afonso and Isabel Soares (Faculdade de Economia da Universidade do Porto): The connection between oil and economic growth revisited
• Susana Silva (Faculdade de Economia da Universidade do Porto), Isabel Soares (Faculdade de Economia da Universidade do Porto) and Carlos Pinho (Universidade de Aveiro): The impact of renewable energy sources on economic growth and CO₂ emissions - a SVAR approach

 

17:45 - 18:00 Coffee-break

 

18:00- 19:30 Parallel Sessions

 

Economic crisis I (Chair: Oscar Afonso, Venue: Salón de Grados)

• Oscar Afonso and Rui Henrique Alves (Faculdade de Economia da Universidade do Porto): The strange case of the attack on the euro area: who is to blame?
• Jan Priewe (HTW Berlin - University of Applied Sciences): Can the European Monetary Union be rescued?
• Yiannis Kitromilides (University of Westminster) and Leila Saidi (University of Greenwich): Deficit reduction, the age of austerity and the "paradox of insolvency"
• Eugenia Correa (Universidad Nacional Autónoma de México): Global banks, regulation and institutions

Institutions, growth and development (Chair: Maribel García del Valle, Venue: Aula B.12)

• Alexander Cotte Poveda (Georg August University of Göttingen and University of La Salle): Effectiveness of the control of violence and economic development in Colombia: a dynamic data envelopment analysis
• Pedro M. Rodriguez (Universidad Iberoamericana de Puebla): Regionalism in North America: challenges and opportunities to the development of Central America
• Carlos A. Carrasco, Jesus Ferreiro, Maribel Garcia del Valle and Carmen Gomez (University of the Basque Country): Convergence of the composition of public expenditures in the European Union economies
• Jesus Ferreiro, Maribel Garcia del Valle and Carmen Gomez (University of the Basque Country): Composition of public expenditures and macroeconomic performance in the European Union

Growth and development in Latin America from a historical perspective (Organizer and Chair: Humberto Morales, Venue: Aula B.13)

• Antonio Ibarra (Universidad Nacional Autónoma de México):
• Mario Contreras (Universidad Nacional Autónoma de México):
• Carlos Riojas (Universidad de Guanajuato):
• Miguel Reyes (Universidad Iberoamericana de Puebla)

Innovation II (Chair: Ana González, Venue: Aula B.14)

• Jaime del Castillo (University of the Basque Country), Jonatan Paton (Infyde) and Juan José Muñoz (Infyde): Measuring innovation: indicators for the new economy XXI century
• Ricardo Aguado, Jabier Martínez, Massimo Cermelli and Miguel Angel Larrinaga (Universidad de Deusto): Regional patterns of efficiency in R&D expenditure in Southern Europe
• Ibon Zamanillo, Eva Velasco and Maribel García del Valle (University of the Basque Country): Mobilising people's full innovative potential: practices developed by Basque innovative companies

 

Graduate Students Session II (Chair: Beatriz Plaza, Venue: Aula B.15)

• Hanan Hazime (University of the Basque Country): How to analyze the brand image in Middle East Cities
• Yannis Dafermos (University of Athens): The nairu, interest rate and finance
• Alvaro Fierro (University of the Basque Country): The brand image of Bilbao on the internet
• Nabil Aflouk, Jacques Mazier and Jamel Saadaoui (Paris North University, CEPN-CNRS): Exchange rate misalignments and world imbalances: a FEER approach for emerging countries

 

21:00 Conference Dinner (Hotel Ercilla)

 

 

FRIDAY 2

 

8:20 - Registration

8:40 - 10:10: Parallel Sessions

 

Agriculture, Fisheries and Natural Resources II (Chair: Unai Pascual, Venue: Salón de Grados)

• Ikerne del Valle and Kepa Astorkiza (University of the Basque Country): The evolution of marine bio-diversity: a time series approach
• Colin Richardson (Imperial College London) and Jerry Courvisanos (University of Ballarat): A Post Keynesian ecological-economic model of agriculture in a regulated river basin
• Sophie Mitra (Fordham University) and Jean-Marc Boussard (Institut National de Recherche en Agronomie INRA): A model of endogenous agricultural commodity price fluctuations with storage

Welfare, poverty and happyness (Chair: Felipe Serrano, Venue: Aula B.15)

• Martin Vlcek (Ministry of Finance of the Czech Republic): Movers of the economy. Model of interactions
• Eduardo Rodriguez-Oreggia (EGAP, ITESM, Campus State of Mexico), Alejandro de la Fuente (World Bank), Rodolfo de la Torre (UNDP Mexico), Hector Moreno (UNDP Mexico) and Cristina Rodriguez (UNDP Mexico): The impact of natural disasters on human development and poverty at the municipal level in Mexico
• Patricia Peinado and Felipe Serrano (University of the Basque Country): Fiscal consolidation and pension reform. An analysis from a gender perspective

Graduate Students Session III (Chair: Philip Arestis, Venue: Aula B.14)

• Anderson Cavalcante (University of Cambridge): Regional hierarchy of financial development
• Carolina Troncoso Baltar (University of Cambridge): Finance, balance of payments and economic growth in an open developing country

Financial markets in Latin America (Chair: Sergio Cabrera, Venue: Aula B.13)

• Carlos Encinas (Universidad de Guanajuato): Seigniorage, inflation tax and excess liquidity in Mexico: 1985-2009
• Marco Aurelio Croccco-Afonso (CEDEPLAR and Universidade Federal de Minas Gerais), Fernanda Faria-Silva (CEDEPLAR and Universidade Federal de Minas Gerais), Luiz Paulo Fontes-de-Rezende (CEDEPLAR and Universidade Federal de Minas Gerais), and Carlos Javier Rodriguez Fuentes (University of La Laguna): Banks and regional development: an empirical analysis of the determinants of credit availability in the Brazilian regions
• Eugenia Correa, (Universidad Nacional Autónoma de México), Wesley Marshall (Universidad Autónoma Metropolitana) and Gregorio Vidal (Universidad Autónoma Metropolitana): FDI, privatization and financial structures in Latin America
• Marcia Maria de O Bezerra (Rio Grande do Norte Federal University), Andre Luiz Correa (Sao Paulo State University), Maria do Livramiento Miranda Clementino (Rio Grande do Norte Federal University) and Ana Rosa Ribeiro de Mendonça (University of Campinas): Bubbles in real state markets: the case of Brazilian Northeastern Coastline (2005/2007)

Labour market (Chair: Eckhard Hein, Venue: Aula B.12)

• Ricardo Bustillo and Carlos Rodriguez (University of the Basque Country): The influence of trade union bargaining power on European Union processing trade
• Maureen Pike (Oxford Brookes University): The growth in the number of young people in the UK not in employment, education or training: causes and consequences

Economic crisis II (Chair: Alfonso Palacio, Venue: Aula B.11)

• Vidal Ruiz (University of the Basque Country): Back to the beginning. After many years of study, we come back to year 1
• Alessandro Vercelli (University of Siena): Economy and economics: the twin crises
• Pinyue Lu and Hui Gui (Shanghai University of Finance and Economics): Financial storm: the mirage of fictitious economy and paradox of capital expansion
• Catherine Winnet and Adrian Winnett (University of Bath): Understanding the realities of capitalist dynamics and finance: what we can and cannot learn from Keynes about crises and recessions

 

10:15 - 11:30: Special Session. The New Economics as Mainstream Economics (II) (Chair: Philip Arestis, Venue: Aula Magna)

• Jesus Ferreiro and Felipe Serrano (University of the Basque Country): Long-term uncertainty and social security systems
• Irene van Staveren (Erasmus University of Rotterdam): from gender as an exogenous or impact variable to gender as an endogenous force in the New Economics
• Philip Arestis (University of Cambridge and University of the Basque Country) and Malcolm Sawyer (University of Leeds): Innovative thinking on economic policy and the New Economics

 

11:30 - 11:45: Coffee-break

 

11:45 - 13:00: Special Session. Land and Agricultural Environment I (Chair: Ikerne del Valle, Venue: Salón de Grados)

• Unai Pascual (University of Cambridge): The economics of agro-biodiversity conservation in developing countries: some knots and bolts
• Jose Albiac and Encarna Esteban (University of Zaragoza, CITA-DGA): Agricultural policies for mitigation and adaptation to climate change
• E. Iglesias, Garrido, A., Roig, S. Ruiz ,J. y Bardají, I (Universidad Politécnica de Madrid): Effects of the Single Payment Scheme in Spanish agriculture

 

13:00 - 14:15: Special Session. Land and Agricultural Environment II (Chair: Ikerne del Valle, Venue: Salón de Grados)

• Ian Hodge (University of Cambridge): Agri-environmental policy
• Juan Ramón Murua, Inma Astorkiza and Begoña Eguía (University of the Basque Country): Transforming the CAP into a Common Food, Environment and Rural Policy
• Josep M. Jordan (Universidad de Valencia) and J.M. Garcia Alvarez Coque (Universidad Politécnica de Valencia): The European agricultural model and the Euro-Mediterranean partnership

 

12:45 - 14:15: Special Session. Financialisation and the transformation of financial systems (Chair: Eugenia Correa, Venue: Aula Magna)

• Costas Lapavitsas (SOAS, University of London): Where does financial profit come from?
• Paulo Dos Santos (SOAS, University of London): Production and consumption credit in a continuous-time model of the circuit of capital
• Juan Pablo Painceira (SOAS, University of London): Central bank liquidity management and bank balance sheets: Brazil and South Korea

 

14:15 - 15:00: Parallel Sessions

 

Presentation of the book "Hacia Una Nueva Europa. La integración de los países de Europa central y oriental en la Unión Europea", by Pedro Manuel Rodríguez Suárez (Venue: Aula B.12)

Economic crisis III (Chair: Rui Henrique Alves, Venue: Aula B.13)

• Bokhyun Cho (Hanbat National University): The pursuit of liquidity and financial crisis: a new interpretation of the U.S. financial crisis
• Sergio Cabrera (Universidad Nacional Autónoma de México): Acceleration and deepening of the crisis

Graduate Student Session IV (Chair: Beatriz Plaza, Venue: Aula B.14)

• Elisa Botella (University of London): Patterns of agricultural development and family farming in small economies. A comparative study of Cuba and Costa Rica in the global era (1990-2008)
• Michelle Scarpino (University of the Basque Country): Tourism systems: a meta-analysis of the literature for improved regional development

Education, labour market and regional economics (Chair: Carlos Rodriguez, Venue: Aula B.15)

• Daria Ciriaci (European Commission, JRC Institute for Prospective Technological Studies): University quality, interregional brain drain and spatial inequality. The case of Italy.
• Enkh-Amgalan Byambajav (Kobe University & National University of Mongolia) and Terukazu Suruga (Kobe University): The effect of regional income and educational differentials on migration and regional convergence

Innovation III (Chair: Maribel García del Valle, Venue: Salon de Grados)

• Ainura Uzagalieva (University of the Azores), Evžen Kočenda (Charles University and the Academy of Sciences) and Antonio Menezes (University of the Azores): Technological imitation and innovation in new European Union markets
• Francesco Vona and Fabrizio Patriarca (University of Rome ‘La Sapienza'): Income inequality and the development of environmental technologies

 

15:00 Lunch