Conference Trips

From 9th July to 12th July, I am glad to be invited to participate the joint annual conference GCREC and AsRES 2017 in Taichung, Taiwan provinces, China. Both GCREC and AsRES are the top conference in the field of real estate. This year, over 300 high quality papers and research have been presented in the conference.

As a Ph.D. candidate who is going to graduate soon, I have made two presentation in this joint annual conference, which are the joint work of me, my supervisor Prof. Fu Yuming and Prof. Liao Wen-Chi. The first working paper provides the structural model to capture both demand-based and supply-based determinants of employment formalization, which enables us to account for the cross-city heterogeneity, as well as the development trend, in employment and entrepreneur skill mix in both formal and informal sectors. The model will be validated against the stylized facts observed in Indonesia datasets. The second working paper focuses on the potential policy in Indonesia that cutting corporate tax rate from 25% to 20%. It is the application of the structure model in first paper. Firstly, we calibrate both the supply and demand factors, such as location fundamentals, human capital and external demand in the Indonesia context. Based on the estimated structure parameters, we do the counterfactual analysis for the welfare and productivity impact and how it changes with the determinant of employment formalization. Such analysis will break new ground for the study of structural change in developing economies. According to the reaction of the audiences, our research are accepted. What’s more, through interacting with the professors, I am able to receive plenty of useful suggestion and comment, which helps us improve the work in the future.

During the conference, I expand my network through meeting a lot of famous researchers and making friend with them. By talking with them and listening to their presentation, I have learnt a lot knowledge and accumulated experience. In the same time, making presentation in such an important academic conference strengthens my confidence in pursuing further achievement in my future career. The experience of GCREC & AsRES 2017 makes me realize the benefit from joining conference and communication, and therefore, I shall seek to participate more international academic meeting.

The 2017 CES Annual Conference in China was held during June 10-11, 2016, in Nanjing University, China. I presented my paper “What are the side effects of housing market interventions: a 'limits of arbitrage' approach?”.

During the conference, I obtained several new research ideas through talking with other participants. However, I did not gain many suggestions on my presented paper. As each presentation is only given 16 minutes and there is no discussant.

The conference is beneficial in the following three aspects. Firstly, it invites some big authors and experts who know China problems very well. For example, keynote speaker Dr. Chong-En Bai (as shown in the below Figure) and Dr. Min Ji introduced their understandings about China’s financial issues. Dr. Yinxing Hong introduced China’s institutional issues.

Secondly, it covers hot economics topics of all fields. Although my research focuses on real estate, many methods and understanding in other fields are very inspiring. For example, I meet with an expert who focuses on race problem. During our discussion, I mentioned that Singapore’s race problem related to housing has been sufficiently studied, while he raised several new ideas which are out of the housing scope.

Thirdly, the conference acts as a good bridge to future job market. Many participants are from different Chinese universities and I gain a lot of information from them.

As a summary, although I did not gain many suggestions on my presented paper, I am still satisfied with my benefits from it.

The International Conference on China Urban Development series was initiated in 2010 and has since become an important platform for fostering academic research, facilitating interdisciplinary dialogue and sharing research findings and experiences with a global academic community on the issues of urbanisation and urban transformation in China. Following three conferences in Hong Kong and Shanghai and two conferences in Cardiff, UK, the 2017 International Conference on China Urban Development comes to London and is hosted by the Bartlett School of Planning, University College London (UCL). Fortunately, my paper titled Characteristic, mechanism, and outcome of urban sprawl in China: a systematic analysis based on the evidence from Wuhan has been accepted in the conference and I’ve presented the main content in the session Chinese urban systems and development. Since London is one of the oldest and most developed mega-cities in the world, and UCL Bartlett School of Planning enjoys the world leading reputation in the urban planning field, the conference has gathered the majority of current famous scholars such as Fulong Wu, Michael Batty, You-tien Hsing, and Anthony G.O. Yeh in the academic community of planning, geography, and urban studies. I’ve exchanged the ideas with these most-cited professors and leaned much on China’s urban research. The whole conference lasted two days and has covered over 30 sessions with different topics and directions. Based on various research papers the planning scholars have reported, the close session of the conference also proposed the coming key focuses and future work needed on China urban development, I got considerable implications from the journey.

The chair of this conference, Professor Wu Fulong, has expressed warm welcome to me and told me that he knows quite a few excellent scholars in the Department of Real Estate, National University of Singapore. He hopes that more academic staff and research students from NUS could join the future meetings and pay attention to China’s urban development.

As a summary, this participation in the Referred Paper Session of the ERES conference meets my expectation on getting academic feedbacks and polishing my paper. Besides, I benefit a lot by talking with researchers and industrial experts who focus on different markets.

The discussant of my paper gave me a lot of very detail and useful recommendations which related to issues such as sensitivity tests, possible endogeneity problem, and even typos. During the conference, I have exchanged ideas with many renowned senior professors and young scholars who share similar research interest as mine, and I found that people are very interested in Singapore issues.

In addition, the conference provides a very good environment for social net-working. When enjoying the local Bavaria culture and the Danube cruise trip, I talked a lot with participants who have industrial backgrounds and gained a lot of institutional knowledge about the functioning of housing markets in European countries such as Germany, Austria, and Norway, which are quite different from the Singapore and Chinese housing markets (on which my research focuses).

As a summary, this participation in the Referred Paper Session of the ERES conference meets my expectation on getting academic feedbacks and polishing my paper. Besides, I benefit a lot by talking with researchers and industrial experts who focus on different markets.

The AREUEA-ASSA – Chicago conference was held during Jan 5-8, 2017. I presented 2 papers:

  • “Asymmetrical limits of arbitrage: micro evidences from the Singapore private housing market and policy implications” in the session of House Price Determination” and
  • “Flippers' sales and market mis-pricing: evidences from the Singapore private housing market” in the session of “Housing Market in Singapore”.

The discussants of the two papers, Prof Wenlan Qian and Weihua Zhao gave a lot of insightful and useful recommendations which are related to issues such as possible endogeneity problem and the future tests. During the conference, I have exchanged ideas with many renowned senior professors and young scholars who share similar research interest as mine, and met with some old friends.

During the conference, I attended sessions beyond real estate related topics, as well as other network sessions, from which I did benefit a lot.

The EUROPEAN REAL ESTATE SOCIETY 23rd Annual Conference was held during June 8-11, 2016, in Regensburg, Bavaria/Germany. I presented my paper “The behaviors of flippers, rental investors and owner-occupiers in Singapore private housing market” in the refereed paper session under topic Housing Economics. During the session, I also acted as the discussant for a very excellent paper which fits my tastes and knowledge base well.