The 3rd Firm and Industry Dynamics Workshop, held at The University of Hong Kong in May 2025 and sponsored by the HKU Business School’s Institute of China Economy, marked the launch of FIPA and expanded its regional research network. Bringing together leading scholars from around the world, the workshop featured a keynote lecture by Jo Van Biesebroek, alongside sessions on market power, entry frictions, innovation, productivity, trade, and policy.
Event
The 3rd Firm and Industry Dynamics Workshop
Programme
Day 1
May 15, 2025 (Thursday)
12:00 - 14:00
Conference Initiation Lunch
13:30 - 14:00
Registration
Tea and Coffee
14:00 - 14:20
Ceremony
Association Initiation Ceremony
14:20 - 15:20
Keynote
"Imperfect (Re)allocation in Imperfect Markets: Evidence from China’s Pilot Carbon ETS"
Chair: Hongsong Zhang
Jo Van Biesebroek (KU Leuven), (joint with Honghao Zheng)
15:20 - 15:50
Tea Break, Group Photo, Association Signature
Session
Market Power, Institutions, and Entry Frictions
15:50 - 16:30
"Quantifying Foreclosure: The Live Nation — Ticketmaster Merger"
Mo Xiao (The University of Arizona)
16:30 - 17:10
"Big Fish in Small Pond: State–Business Alliances and Local Preferential Tax in China"
Chong Liu (PKU)
17:10 - 17:50
"Dynamic Barriers to Entry"
Chang Sun (HKU)
18:45 - 21:00
Dinner
Day 2
May 16, 2025 (Friday)
Session
Technology, Productivity, and Innovation
09:00 - 10:00
"Diffusing Innovations Under Market Competition: Evidence from Drug-Eluting Stents"
Ginger Jin (Maryland)
10:00 - 10:40
"Productive R&D Funding"
Kevin Fox (UNSW, Sydney)
10:40 - 11:00
Tea Break
11:00 - 11:40
"Non-neutral Technology and Within-firm Heterogeneity in Multi-product Firms"
Shengyu Li (UNSW, Sydney)
11:40 - 12:20
"Identification of Gross Output Production Functions with a Nonseparable Productivity Shock"
Qingsong Pan (Shandong University)
12:30 - 14:00
Lunch
Session
Trade, Policy, and Global Linkages
14:00 - 14:40
"Fast Lane to Reducing Inventory: The Impact of Firm Distance to Highways"
Sai Ding (Glasgow)
14:40 - 15:20
"Decoding China’s Industrial Policy"
Ming Li (CUHK-Shenzhen)
15:20 - 15:40
Tea Break
15:40 - 16:20
"Marketing, Demand, and the Gains from Export"
Hongsong Zhang (HKU)
16:20 - 17:00
"The Spill-back and Spillover Effects of US Monetary Policy: Evidence on an International Cost Channel"
Yao Amber Li (HKUST)
18:00 - 20:00