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Conference Program
(as of 7 June 2025)



3 July 2025, Thursday


8:30 am–9:00 am
(Room B101, ChengZe Garden)


Registration



9:00 am–9:15 am
(Room B101, ChengZe Garden)

Opening session

Moderator: Joseph E. Zveglich Jr., Deputy Director General, Asian Development Bank

Welcome Messages: Yiping Huang, Dean, National School of Development, Peking University

Opening Remarks: Bambang Brodjonegoro, Dean and Chief Executive Officer, Asian Development Bank Institute


9:15 am–9:45 am
(Room B101, ChengZe Garden)


Keynote Speech: “Geopolitics and Developing Asia”
Krislert Samphantharak, Professor of Economics and Public Policy, University of California San Diego


9:45 am–10:00 am
(outside Room B101, ChengZe Garden)


Coffee break



10:00 am–12:00 pm   

Parallel Sessions
1A - 1H
 

   
(Room B101
ChengZe Garden)

Parallel Session 1A:
The Chinese Economy


1

Why Is There So Much Surveillance in China: An Explanation From A Fiscal Perspective

2

Leapfrogging by Switching Lanes: Directed Technical Change in China’s Transition to Electric Vehicles

3

Privatization, Human Capital, and Intergenerational Mobility: Long-term Evidence from China

4

Fiscal Rules for China: Lessons from Europe
  
(Room 245,
ChengZe Gardenl)
 

Parallel Session 1B:
Digital Technology


1



Does Monetary Policy Influence CBDC and Bank Stability Dynamics? Evidence from India and the People’s Republic of China

2

Effects of Digital Financial Inclusion on the Demand for Money: Evidence from Bangladesh


3

The Adoption of CBDC in Emerging Market: Insights from a Hierarchical Bayesian Analysis of the Indonesian Market


4

Enhancing Digital Services Trade: The Case of the People’s Republic of China
   
(Room 246,
ChengZe Garden)


Parallel Session 1C:

Monetary Policy


1

Monetary Policy and Risk-Taking: Evidence from Thai Corporate Bond Markets

2

Beyond the Aggregate: Heterogeneous Effects of Monetary Policy on Credit Allocation

3

Monetary Policy and Corporate Productivity in Emerging Markets


4

What They Do in the Shadows: Chinese Shadow Credit Growth and Monetary Policy

   
(Room 249,
ChengZe Garden)


Parallel Session 1D:
Trade I


1

Trade Policy, Green Goods and the Labor Market: Evidence from the Philippines
   

2

The Direct and Indirect Trade Effects of the Belt and Road Initiative: Evidence from Exports to China


3

Redefining Trade: How Industry 4.0 Impacts Service Flows in the Asia-Pacific


 


(Room 344,
ChengZe Garden)


Parallel Session 1E:
Health I


1

Restricting Mothers' International Migration and Human Capital Investment

2

Smoking Like a Hero? Media Regulation and Adolescents Smoking Behaviour in Mainland China


3

Health Shocks and Uneven Recovery: The Role of Prevention and Insurance


4

Indoor Air Pollution Reduction and Child Health: Evidence from a Randomized Trial in a High Pollution Middle-Income Country


(Room 345,
ChengZe Garden)


Parallel Session 1F:
Climate Change and Environment I  


1

Urban Sprawl and Residential Carbon Emissions: Evidence from Indonesia and the Philippines Cities

2

Heating Up Risk Aversion: The Long-Term Impact of Prenatal Temperature on Risk Preferences

3

The Poor are Exposed to Higher Indoor Air Pollution: Primary Survey Evidence in A Middle-Income Country


4

Unintended Consequences of Mandatory Employee Heat Protection: Evidence From Chinese Firms


(Room 131,
ChengZe Garden)


Parallel Session 1G:

Agriculture and Food Security


1

Food Insecurity, Inflation and Government Aid: Evidence from a Household Survey in Developing Asia

2

Charity Hazard in Climate Disaster Response: The Effect of Humanitarian Cash Transfers on Demand for Agricultural Insurance


3

The Impact of Cash Transfer on Food Security in Cambodia

4

Grain for Green: Balancing Ecological Protection and Food Security Under Climate Change

(Room 132,
ChengZe Garden)


Parallel Session 1H:

Gender I



1

The Gendered Effect of Television Exposure on Educational Aspirations

2

Fertility and Education Decisions in Developing Countries: The Role of Social Norms


3

Towards a Gender Equal Developing Asia: Are Migrants’ Remittances Viable Paths?

4

Doing More Harm Than Good? Labor Market Consequences to Paid Maternity Leave Extension of India


12:10 pm–12:50 pm
(B1 canteen)


Lunch break











12:50 pm–1:20 pm
(Room B101, ChengZe Garden)

Lunch talk
 “China’s Industrial Policy”

Hanming Fang, Norman Grosman Professor of Economics, University of Pennsylvania

Moderator:  Albert Park, Chief Economist, Asian Development Bank 


1:30 pm–3:30 pm


Parallel Sessions
2A - 2H










(Room B101,
ChengZe Garden)


Parallel Session 2A:
Asian Development Review 


1

Agriculture-Environment Trade off of Road Expansion in Rugged Terrain: Evidence from Nepal


2

Growing Under the Green Great Wall: Agricultural Impacts of China’s Three-North Shelterbelt Program

3

Impact of Welfare Card Scheme on Household Economic Development in Rural Thailand





(Room 245,
ChengZe Garden)



Parallel Session 2B:
Technology and Innovation I 


1

Do Technological Innovation Influence Productive Capacities in Asia-Pacific region? Evidence from a Dynamic Model Approach


2

Technological Decoupling? The Impact on Innovation of US Restrictions on Chinese Firms

3

Harvesting the Breeding Technology Effectively: Evidence from County-level Study on Newly-Bred Rice Variety Adoption in Southern China


4

Technological Capabilities and Exports: Evidence form Indian Manufacturing Firms

(Room 246,
ChengZe Garden)


Parallel Session 2C: Nowcasting and Economic Growth 


1

Evaluating the Economic Impact of Pilot Free Trade Zones in China: A Nightlight Data Approach


2

An Econometric Framework to Nowcast Low-Frequency Data


3

Nowcasting Sri Lankan GDP

4

Exchange Rate Effects on Firm Performance: A NICER Approach

(Room 249,
ChengZe Garden)


Parallel Session 2D:
Domestic Resource Mobilization and Governance I 


1

Mutual Knowledge of Social Norms and Political Behavior

2


Political Favor, Development Projects, and Household Wellbeing (The Case of the Greater Hambantota Development Program, Sri Lanka)


3

Local Favoritism in State Formation





(Room 344,
ChengZe Garden) 


Parallel Session 2E: Inequality, Saving, and Development


1

Global Technological Diffusion and Wage Inequality: A Cross-Country Analysis


2

Inclusive Financial Reform, Rigid Land Arrangement, and Rural Transformation: Evidence from County-level and Farm-level Data in China


3

An Experimental Study of the Competitive Saving Motive

4

Structural Change and Regional Income Convergence: Evidence from China

(Room 345,
ChengZe Garden)


Parallel Session 2F:
Climate Change and Environment II


1

The Demand, Supply, and Market Responses of Corporate ESG Actions: Evidence from a Nationwide Experiment in China


2

Response to Incentives to Conserve Electricity and Household Behavior: Evidence from Field Experiment

3

Informal Risk Sharing to Mitigate Local Environmental Risks

4

Impact of Climate Vulnerability on Fiscal Risk: Do Political Stability and Financial Development Matter?

(Room 131, ChengZe Garden)


Parallel Session 2G:
Labor I


1

Adapting to Adversity: An Analysis of Employment and Wage Trends in Indonesia's COVID-19 Landscape


2

Labour Market Effects of the Pricing Behaviour of Exporters in A Large Developing Economy

3

Pandemic Scars: Tracking a Changing Job Landscape in Indonesia

4

Family Labor, Enforcement, and Product Quality: Evidence from the Lao Textile Industry

(Room 132,
ChengZe Garden) 


Parallel Session 2H:
Health and Education


1

Environmental Degradation and Mental Health: The Economic Burden of Depression in Indonesia Due to Air Pollution


2

Sad! I Got Talent but My Mom Doesn’t Know It: Parental Belief Gap and Adolescent Depression

3

A Land of Sages: A Legacy of Former Elites and University Professors in Vietnam

4

Counseling, Gender Norms, and Labor Allocation: Evidence from Community-Based Learning Interventions

3:30 pm–3:45 pm
(outside Room B101, ChengZe Garden)


Coffee break










3:45 pm–5:15 pm      

Parallel Session
3A - 3H










(Room B101, ChengZe Garden)

Parallel Session 3A:
Social Security and Pension


1

“Growing Pains” in China’s Social Security System

2

Reshaping Traditions: Pension Reform, Son Preference, and Old Age Support

3

Small Size, Big Impact: How Pension Funds and Insurance Companies Drive Yield Curve in Emerging Economies




(Room 245,
ChengZe Garden)


Parallel Session 3B:
Green Economy


1

From Digital Carts to Cleaner Air: The Role of E-commerce in Reducing Urban Air Pollution


2

Enhancing Energy Supply Resilience: Total Cost of Ownership Analysis of Hydrogen Fuel Cell Trucks in the People’s Republic of China


3

On the Legal Foundations of Green Bonds



(Room 246,
ChengZe Garden)


Parallel Session 3C: 
Macroeconomics and Finance I


1

Second-Round Effects and Asymmetry in Oil and Food Price Shocks to Inflation


2

Monetary Policy Under Fiscal Stress: A Forward-Looking Analysis of Fiscal Dominance

3

A Tale of Two Cities: The Effectiveness of Macroprudential and Regulatory Policies in the Housing Markets - Singapore versus Hong Kong SAR




(Room 249,
ChengZe Garden)


Parallel Session 3D:

Regional Cooperation and Economic
Integration I


1

Foreign Direct Investment and Trade Dynamics in Viet Nam after the US–PRC Trade Dispute


2

Chains of Resilience? The US-China Trade War and Firm Back shoring

3

New Role of Trade Intermediaries as an Absorber of Unanticipated Financial Shock: The Case of Delay in Export Tax Rebates in China




(Room 344,
ChengZe Garden) 



Parallel Session 3E:
Learning and Education I


1

Mentoring, Educational Preferences, and Career Choice: Evidence from Two Field Experiments in Bhutan

2

The Last or Lasting Samurai? The Impact of Secondary Schools on Elite Formation in Early Development


3

Microcredit Expansion and Education: Evidence from a Quasi-Experiment in Thailand



(Room 345,
ChengZe Garden)


Parallel Session 3F:
Corporate Investment and Finance


1

Capital Structure and Firm Performance: Exploring the Moderating and Mediating Effects ofAgency Costs in Vietnam


2

It's Not Only China: Firm-level Evidence on Trade Spillovers from Emerging Markets


3

The Impact of Monetary Policy Shocks on Firm Investment: The Role of Intangible Assets in China




(Room 131,
ChengZe Garden)


Parallel Session 3G:
Agriculture and Rural Development


1

Agricultural Mechanization Services, Adverse Selection and Multi-stage Productivity of Small Farms: Evidence from Wheat Production in North China


2

Crops, Bugs, and Disease: The Unintended Consequences of Environmental Policies on Ecosystem and Human Health

3

Impact of Female Non-Agricultural Employment on the Family Resilience : A Case Study of Relocated Families in Poverty Alleviation Relocation



(Room 132,
ChengZe Garden)



Parallel Session 3H:
Infrastructure I


1

Comparative Study of the Impact of the Indian Transportation Infrastructure on Firm-level Performance with Focus on Inland Waterways


2

Two Infrastructure Improvements in One City


3

3G Rollout and Firm Efficiency: Evidence from Vietnam



6:00 pm–8:30 pm

    (6:00 pm–6:40 pm)
 




           
             (6:40-8:30pm)



Conference Dinner: the Lakeview Hotel (博雅国际会议中⼼)

Dinner Talk 
Moderator: Dandan Zhang, Deputy Dean and Professor, Peking University

Dinner Remarks:  Albert F. Park
, Chief Economist, Asian Development Bank

Keynote Speech:
“Shifting Strategies: How Mandatory Retirement Shapes Household Portfolios in China?”
Xiaoyan Lei, Professor of Economics, National School of Development at Peking University

Conference Dinner 




4 July 2025, Friday


8:30 am–9:00 am
(Room B101, ChengZe Garden)


Registration



9:00 am–9:30 am
(Room B101, ChengZe Garden)

Keynote Speech: “The Impact of Chernobyl on Global Nuclear Investment”

Nancy Qian, James J. O’Connor Professor of Managerial Economics, Northwestern University

Moderator: Dil Rahut, Vice-Chair of Research and Senior Research Fellow, Asian Development Bank Institute 


9:30 am–9:45 am
(outside Room B101, ChengZe Garden)


Coffee break



9:45 am–11:45 am

Parallel Sessions
4A - 4H

 
   
(Room B101
ChengZe Garden)

Parallel Session 4A:


1

From Population Growth to Demographic Scarcity: A Research Note on Emerging Challenges to Global Primary Education Provision in the Twenty-First Century


2

The Impacts of Health Insurance Expansion on Retirement Decisions of Rural Population: Evidence from China

3

The Differential Impact of Aging on Structural Change: Insights from Cross-Country Analysis Based on Income Levels and Human Capital

4

Does Aging Hinder Growth? A Provincial Analysis of the Effects of Population Aging on Economic Growth in Thailand
  
(Room 245,
ChengZe Gardenl)
 

Parallel Session 4B:
Technology and Innovation II


1



Impact of Artificial Intelligence on Skill Premium and Human Capital Investment


2

Estimating the Real Effect of Endogenous Digital Technology Adoption


3

E-Reaching the Out of Reach: Evidence on Educating Out of School Children Using Digital Content and Remote Tutoring


4

Lending Over the Technology Lifecycle: Strategies for Information Search by Banks in Renewable Energy Project Finance
   
(Room 246,
ChengZe Garden)


Parallel Session 4C:

Macroeconomics and Finance III


1

The Power and Pitfalls of Industrial Policy: Evidence from China


2

Interest Rate Caps, Corporate Lending, and Bank Market Power: Evidence from Bangladesh


3

Understanding Risk Spreaders and Systemic Risk in the Indian Financial Networks: A Gravity Centrality Approach


4

Operator Learning in Heterogenous Agent Models
   
(Room 249,
ChengZe Garden)


Parallel Session 4D:
Trade II


1

Connector Economies in A Fragmenting World
   

2

Infrastructure Quality, Cross-Border Connectivity and Trade Costs


3

Firm Linkages and Domestic Value Added in Exports: Moving up the Global Value Chains with High-Speed Railways


4
 
Special Economic Zones and Local Economic Upgrading: An Analysis of Provincial Economic Complexity in Vietnam

(Room 344,
ChengZe Garden)


Parallel Session 4E:
Poverty and Microfinance


1

When Financial Inclusion Backfires: Equilibrium Effects with Middlemen in Goods Markets


2

Like Father Like Son? Social Engineering and Intergenerational Mobility in Housing Consumption


3

Building Hope for the Poor


4

Kinship Norms, Micro-Entrepreneurship, and A Poverty Reduction Programme in Nepal

(Room 345,
ChengZe Garden)


Parallel Session 4F:
Climate Change and Environment III


1

Do Carbon Abatement Costs Affect Firm Performance? Evidence from A Developing Economy


2

Environmental Policy Coordination

3

From Employer Responsibility to Environmental Irresponsibility: Unintended Effects of Social Insurance Law on Pollution Emissions


4

Scorched Venture: Heat, Entrepreneurship, and Adaptive Policy

(Room 131,
ChengZe Garden)


Parallel Session 4G:

Labor II


1

The Unseen Pain of the Viet Nam War: Long Term Effects of Agent Orange on Labor Market Outcomes


2

Labour Market Shocks in Kyrgyzstan: How Emigration Influences Wage Levels


3

Exploring Risk Tolerance, Soft Skills, and Working Conditions Across Informal Labor Markets in India: Experimental Evidence


4

How Much Income Gap Persists Across Gender Dimensions Due to Climate Change? New Evidence from Bangladesh

(Room 132,
ChengZe Garden)


Parallel Session 4H:

Structural Change



1

Structural Change and Growth Trajectories through Counterfactual Quantile Decomposition


2

How Do Households’ View on Inflation Expectations Affect Their Consumption Decisions?


3

Climate-Related Shocks and Inflation: Challenges for Central Bank in Emerging Economies


4

The Moderating Role of Macroprudential Policy on Credit Growth and Bank Risk-Taking Behaviour: Evidence from Emerging Market Economies


11:45 am–12:30 pm
(B1 canteen)


Lunch break











12:30 pm–1:15 pm
(Room B101, ChengZe Garden)

Lunch event: “Harnessing Digital Transformation for Good: Asian Development Policy Report”
Shu Tian, Principal Economist, Asian Development Bank  

Moderator: Donghyun Park, Economic Advisor (Strategic Knowledge Initiatives), Asian Development Bank 



1:15 pm–3:15 pm


Parallel Sessions
5A - 5H










(Room B101,
ChengZe Garden)


Parallel Session 5A:
Harnessing Digital Transformation for Good


1

Corporate Digital Transformation and Environmental Performance: Evidence from the People’s Republic of China


2

Artificial Intelligence, Robots, and Their Implications for Employment and Labor Productivity: Firm-Level Evidence from Korea

3

Digital Monitoring Technology and Air Quality: Evidence from the People's Republic of China

4

Digitalization and Employment: Lessons from the Developed and Developing Countries

(Room 245,
ChengZe Garden)



Parallel Session 5B:
Domestic Resource Mobilization and Governance II


1

The Green Costs of Public Debt Burdens: Evidence from Local Government Debt Restructuring


2

Unveiling Fiscal Illusion and Flypaper Effect in Subnational Public Expenditure: A Panel ARDL Analysis of India

3

Stabilizing the Unstable: The Political Economy of Central-Local Relations in China's Financial Governance






(Room 246,
ChengZe Garden)


Parallel Session 5C: 
Migration

1

Can Migration Barriers Save Firm Productivity in a Developing Country?


2

Drought and Migration: Evidence from the Kyrgyz Republic



3

The Impact of Immigration on Social Trust of Natives: Evidence from the Mass Migration in China


4

De-localizing the Local Impacts of Trade through Migration: Evidence from Viet Nam


(Room 249,
ChengZe Garden)


Parallel Session 5D:
Learning and Education II


1

Catching Up is Hard to Do: Intra-Curricular Technology Adoption, Teacher Training and Student Learning Gaps


2


Higher Education Expansion and Regional Inequality in China


3

How Does On-Campus Housing Shape Students’ Outcomes? Evidence from an East Asian University

4

The Association Between Adverse Temperature Shocks and Schooling Outcomes in India: Impact Quantification and Mitigation Potentials


(Room 344,
ChengZe Garden) 


Parallel Session 5E: Climate Change and Environment IV


1

The Synergetic Effects of Government Concerns and Public Awareness on Environmental Protection


2

The Economic Impact of Weather Shocks on a Cold-Climate Developing Economy: Evidence from Mongolia


3

Productivity Impact of Temperature Change: Evidence from Indonesia Household-based Enterprises Survey

4

Do Natural Hazards Affect Men and Women Differently? Evidence from Bangladesh Using Gender-Disaggregated Rapid Survey Data


(Room 345,
ChengZe Garden)


Parallel Session 5F:
Interest Rate and Debt Financing


1

Imbalance and Reallocation of Funds under Chinese Quantity-based Monetary Policy


2

Unlocking Growth: The Cross-Market Spillover Effect of Equity Market Liberalization on Bond Costs


3

Migration and Municipal Bond Pricing: Evidence from China’s Household Registration Reform

4

Spillover Through Sovereign Risk: US Monetary Policy and Emerging Economies

(Room 131,
ChengZe Garden)


Parallel Session 5G:
Demographic Economics


1

Signing for Safety: Can Mandatory Marriage Registration Reduce Domestic Violence?


2

A House for My Family: The Impacts of Down Payment Rate on Marriage and Fertility

3

Extreme Weather Events and Violence Against Children

4

Me After You: Spousal Death and Economic Adjustments in a Developing Economy

(Room 132,
ChengZe Garden)


Parallel Session 5G:
Labor III

1

Bride Price and Marriage Intentions Among Young Male Migrants in China: Evidence Among Manufacturing Gig Workers


2

Estimating Social Welfare Program Demand Among Informal Workers in Urban India: Evidence from Lab in the Field

3

Quitting Behavior of Gig Manufacturing Workers: Virtual and Offline Peer Effects

4

Energy Poverty and Unpaid Work: Evidence from Rural China

3:15 pm–3:30 pm
(outside Room B101, ChengZe Garden)


Coffee break










3:30 pm–5:00 pm      

Parallel Session
6A - 6G










(Room B101, ChengZe Garden)

Parallel Session 6A:
Domestic Resource Mobilization and Governance III


1

How Transplanted Institutions Diverge: Evidence from a Per-day Penalty Pilot in China

2

How Redistributive is Fiscal Policy in China? New Evidence on Distributional Impact of Taxes and Spending


3

Private Returns to Bureaucratic Appointments: Evidence from Financial Disclosures in India




(Room 245,
ChengZe Garden)


Parallel Session 6B:
Technology and Innovation III


1

Memory Constraints in the Adoption of Productive Technologies


2

Defensive Innovation: Technological Rivalry and College Major Choice


3

Impact of Technology Adoption on Labour Productivity: The Case of the Pharmaceuticals Industry in Bangladesh




(Room 246,
ChengZe Garden)


Parallel Session 6C: 
Health II


1

Breathing Risk: The Effect of Urban Air Pollution on Fatal Traffic Accidents


2

The Persistent Health Effects of Defoliating Vietnam

3

Behavioral Responses to Vaccine Costs and Nudges



(Room 249,
ChengZe Garden)


Parallel Session 6D:

Regional Integration and Economic Cooperation II


1

Macroeconomic Impacts of the Carbon Transition in Vietnam


2

Quantifying the Trade Creation and Trade Diversion Effect of Regional Trading Agreements


3

The Role of Geopolitics in International Trade



(Room 344,
ChengZe Garden) 



Parallel Session 6E:
Infrastructure II


1

From Accessibility to Prosperity: The Impact of Rural Power Upgrade on Household Income


2

Paving Pathways of Migration: Evidence from India's Golden Quadrilateral Highway


3

Navigating WASH Challenges in Rural Areas: Peer Effects and Infrastructure



(Room 345,
ChengZe Garden)


Parallel Session 6F:
Labor IV


1

State Retreats and Labor Market Advances? Evidence from China


2

The Effects of Nutrition Support on Behavioral Outcomes and Labor Productivity


3

Raising the Bar: The Impact of Increasing Minimum Working Age on Education and Labor Market




(Room 131,
ChengZe Garden)


Parallel Session 6G:
Gender II


1

Gendered Transport Subsidy and Its Short Run Effect on Female Employment: Evidence from Delhi’s Pink Pass Scheme

2

How WEIRD? Experimental Impacts of An Empowerment Training and Cultural Agency Models on Female Microfinance Members in Vietnam


3

Fertility Policy and Female Entrepreneurship: Evidence from the One-Child Policy in China



 
END OF CONFERENCE
















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