Third CEAMeS Workshop on „Macroeconomic Development and Trade in East Asia”

Third CEAMeS Workshop on „Macroeconomic Development and Trade in East Asia”

In the last three years, the CEAMeS Workshop has taken a firm place in the yearly agends of the FernUniversität. After the second workshop took place in Xiamen, China, the third edition took place once more in Hagen, Germany. From May 9th until the 11th eleven speakers from three different countries presented their current research. After the welcoming speach of Prof. Dr. Ada Pellert, Rector of the FernUniversität in Hagen, and Prof. Dr. Helmut Wagner, Head of the CEAMeS Center at the FernUniversität in Hagen, several speeches focusing on the macroeconomic development in East Asia (especially China) were given.

Prof. Dr. Ada Pellert during her welcoming speech (Source: FernUniversität in Hagen, media office).

Intensive conversations and discussions were the center of this year’s meeting in Hagen, which deepened the relationship between CEAMeS and its research fellows. “The three-day workshop was received very well by the audience and I think we are all very much looking forward to future collaborations”, Prof. Wagner summarized the workshop.

Group picture from the third CEAMeS Workshop (Source: FernUniversität in Hagen, media office)

An important role during the meeting played the delegation of the “Center for Macroeconomic Research” from the Xiamen University in China. At the end of the workshop the head of this delegation, Prof. Min Gong, Deputy Director at the CMR, complimented the efficient organization of the workshop and announced that a delegation from CEAMeS is invited to return to Xiamen in 2020 for the fourth edition: “As soon as we are back home, the preparation for the next workshop will begin.”

“I think this invitation shows that the close relationship between CEAMeS and the Center for Macroeconomic Studies in Xiamen is highly sustainable. I am really looking forward to return to Xiamen University next year.”, Prof. Wagner responded to Prof. Min Gongs closing remarks.

Prof. Dr. Helmut Wagner (right) during his welcoming speech (Source: FernUniversität in Hagen, media office)

The intensive exchange with international researchers has become one of the key elements of the Center during the last years. In June another workshop, which is co-organized by CEAMeS, will take place at the Westminster University in London, UK. Professor Schmerer points out that “presenting your own research in front of others is crucial for academic success. This event in London will be another great opportunity to sharpen the academic profile of University of Hagen and our Center abroad”.

More information about this event will published soon on our homepage.

The program of the third CEAMeS Workshop and a short abstract of every presentation can be found here.

Call for Papers – East Asia Forum: Economic (Dis)integration in London

On June 14, 2019 the East Asia Forum on Economic (Dis)integration that is jointly organized by CEAMeS, the Institute of East Asia Studies from the University of Duisburg-Essen, Germany and the Contemporary China Centre (CCC) from the University of Westminster, London, UK will take place at the University of Westminster in London, UK. The aim of this forum is to bring together scholars from all fields related to international economics focusing on drivers and consequences of trade between China and the rest of the world.

If you would like to submit a paper, you can find the relevant information in the attached file.

You can find the PDF-version here: CEAMeS_Call for Papers_Juni2019

CEAMeS Discussion Paper 15 now online

“The Middle-Income Trap 2.0: The Increasing Role of Human Capital in the Age of Automation and Implications for Developing Asia” is the title of the latest paper published by Prof. Dr. Helmut Wagner and Linda Glawe. In this paper, they modify the concept of the middle-income trap against the background of the Fourth Industrial Revolution and future challenges of automation. You can find the whole text here.

New CEAMeS Discussion Paper (CEAMeS DP 14) published

Professor Dr. Helmut Wagner and Michael Murach published a new CEAMeS Discussion Paper. The paper “Avoiding the middle-income trap: Korean lessons for China?” has been written together with Dr. Jungsuk Kim (from Sejong University in Seoul) and Dr. Donghyun Park (from the Asian Development Bank in Manila). The paper analyses and compares the pattern of economic growth and development of China and Korea in the post-war period. It is the first CEAMeS Discussion Paper that was written within an international collaboration. Dr. Donghyun Park also gave a guest lecture at the FernUniversität in Hagen in October 2016. You can find the full text here.

Antonia Reinecke and Professor Hans-Jörg Schmerer published in “ifo Schnelldienst 14/2018”

In the latest edition of the “ifo Schnelldienst”, which deals with China’s “Made in China 2025” policy, Antonia Reinecke and Professor Hans-Jörg Schmerer contribute an own article. They discuss China’s proposed way from the “Workbench of the World” to a high-technology leader as well as the opportunities and risks involved for current leading high-tech exporting economies. You can find and download the current issue and the respective article following this link.


Professor Rongrong Sun visited the FernUniversität in Hagen

On Thursday 9 August Professor Rongrong Sun from the Henan University in China visited the FernUniversität in Hagen and the Center for East Asia Macroeconomic Studies to present her paper “What Drives Household Borrowing and Credit Constraints? Evidence from China”. During the two hours of her presentation Professor Sun talked about her current research and discussed the results with the attending participants. In the end, the meeting was a success for everyone. CEAMeS likes to thank Professor Sun for taking her time to come to Hagen and for her very interesting talk.

Source: Pressestelle FernUniversität in Hagen

Prof. Rongrong Sun is going to present her research at the FernUniversität in Hagen

The Center for East Asia Macroeconomic Studies is very honored to welcome Prof. Rongrong Sun from the Henan University, China on the 9th of august in Hagen. Prof. Sun will present her current research as part of her talk called “What Explains Household Borrowing and Credit Constraints? Evidence from China” (see also abstract below). After the talk all present will have the possibility to ask questions or discuss the findings that Prof. Sun presented.

Further information are available at the homepage of the chair of Macroeconomics from the FernUniversität (you can find it here).


This  paper uses the three rounds of the CHFS survey (2011and 2013) to  examine the determinants of household credit demand and credit constraints in China. In 2011, about the half of the households  that had a desire of bank credits were facing credit constraints, which  declined to 34 percent in 2013. In general, the credit market  participation rate in China is moderate, 14 percent in 2013, which is partly accountable to troublesome application  procedures and financial illiteracy among households.
The empirical estimation results suggest that income, wealth  and  education qualifications are the main factors driving credit market participation,  while high income, high wealth and more education lower credit  constraints. The family size, the home ownership and being self-employed  have positive significant impact on both.
The likelihood of being credit constrained and the chance of obtaining a loan, while being unemployed significantly increases the likelihood of being credit constrained only.
In China, the likelihood of being credit constrained peaks at 33 years old.
Moreover, the results show that people in the western region are less likely to be credit constrained on average. This implies the existence of regional imbalance in financial developments in China, despite the current general credit ease.

Prof. Helmut Wagner published paper in the BOFIT Policy Brief series

Prof. Helmut Wagner published his paper “Structural change, rebalancing, and the danger of a middle-income trap in China” in the BOFIT Policy Brief series (BOFIT Policy Brief 2018 No. 6). He presented a first version of this paper early this year, when he attended an ECB-Conference in Helsiniki, Finland as the Keynote-Speaker. You can find the paper and an abstract here.

The paper is also available as CEAMeS Discussion Paper No. 13 (you can find it here).

CEAMeS Researchers attend Conferences in China and Korea

With Linda Glawe, Antonia Reinecke and Michael Murach three CEAMeS-researchers will each attend a couple of conferences and workshops in the next weeks, to present their latest research results. Miss Glawe and Mister Murach will participate in the “2018 China Meeting of the Econometric Society” in Shanghai, China (June, 15-17) and Miss Reinecke and Miss Glawe are going to take part in the “2018 Asian Meeting of the Econometric Society” in Seoul, Korea (June 21-23). On the 23rd and 24th of June Michael Murach will attend the “4th HenU/ INFER Workshop on Applied Macroeconomics” hosted by the Henan University in Kaifeng, China.

Second CEAMeS Workshop on East Asia Macroeconomic Studies in Xiamen has been successfully completed

The Second International Forum on East Asia Macroeconomic Studies organized by the Center for Macroeconomic Research (CMR) of Xiamen University, China and the Center for East Asia Macroeconomic Studies (CEAMeS) from the FernUniversität in Hagen, Germany took place in Xiamen last week. From the 9th May until the 11th over 40 international researchers from three different continents attended the three-day workshop. From the FernUniversität in Hagen Linda Glawe, Antonia Reinecke and Michael Murach presented their current research during the workshop. They were accompanied by Professor Helmut Wagner (Head of CEAMeS) and Professor Hans-Jörg Schmerer (Deputy-Head of CEAMeS), who participated actively in the discussions during the workshop. The forum included presentations by researchers from well-known institutions and universities such as Kobe University and Hitotsubashi University, Japan and CASS (Chinese Academy of Social Sciences), China. Prof. Wagner, who was invited to speak during the opening ceremony alongside Professor Wuyuan Chen (Director, Managing Department of Social Sciences, Xiamen University) and Professor Wenpu Li (Director of the Center of Macroeconomic Research of Xiamen University), was very satisfied with the second workshop. “I think the event was a great experience for all participants, and I want to thank the whole conference organizing committee for the smooth process during the workshop and our local hosts for their hospitality.” It was the second edition of the meeting, after the first workshop took place at the FernUniversität in Hagen one year ago.

Soruce: Center for Macroeconomic Research (CMR) of Xiamen University, China)

From CEAMeS Linda Glawe gave a presentation on her latest paper “On the Deep Determinants of Economic Development in China – a Provincial Perspective”, and Antonia Reinecke gave a talk about ”Estimating the Local Effectiveness of Institutions: A Latent-Variable Approach”. Michael Murach presented his paper “Success Factors for Sustainable Catching up – Lessons from South Korea for China” (all papers will soon be published as CEAMeS discussion papers).

The three-day workshop was marked by a cordial atmosphere and mutual respect between the attendants. In his closing remarks, Porfessor Wenpu Li expressed his contentedness with the course of the workshop in cheerful words. Prof. Wagner announced that the third edition of the workshop will take place in Germany in 2019, and will again be organized by the Center for East Asia Macroeconomic Studies. Prof. Schmerer stated, “The workshop has become a nice tradition between our organisations and I’m really looking forward to deepen our connections.”

(Source: Center for Macroeconomic Research (CMR) of Xiamen University, China)

In the next days, we will upload a few pictures from the workshop on our website.

2nd CEAMeS Workshop on East Asia Macroeconomic Studies will take place soon

Next week (9th – 11th of May) the 2nd CEAMeS Workshop is about to start. After the successful debut last year, when the workshop took place at the FernUniversität in Hagen, the Center for Macroeconomic Research at Xiamen University in China (XMU) will host the second event. Like last year, the workshop will again deal with current challenges concerning East Asian economies and especially China.

Prof. Wagner and Prof Schmerer are going to guide the delegation from the FernUniversität in Hagen which includes Linda Glawe, Antonia Reinecke and Michael Murach. The researchers will present their current research activities within the three-day workshop.

The workshop includes over twenty presentations by authors from five different countries. Prof. Wagner has the honor to speak, together with Prof. Wuyuan Chen and Prof. Wenpu Li (both XMU), at the opening ceremony. You can download the program as a PDF-file following this link [PDF].

CEAMeS published two new Discussion Papers

You can find two new Discussion Papers by Linda Glawe and Prof. Helmut Wagner on our website. The CEAMeS Discussion Paper No. 10: “The Deep Determinants of the Middle-Income Trap” is available here; and the CEAMeS Discussion Paper No. 11: “The Deep Determinants at More Subtle Stages of Development – The Example of the Middle-Income Trap Phenomenon” is available here.