National University of Singapore, Singapore (September 3-4, 2018)

Automation is sweeping across all fields of economic activity and on a global scale. As automated technical solutions take over tasks previously performed by human labour, the skill requirements for the remaining labour force increase. As a result, high-skill labour is scarce and trades at a premium, which exposes companies to unprecedented governance and risk management challenges. Is automation introduced too early or too late? Are the transformation and labour displacement rate excessive, possibly to the detriment of more traditional productivity-enhancing alternatives? How do the equilibrium distribution of wages and labour turnover feedback into the companies’ governance structures? What is the role of financial asset management and capital structure decisions in the emerging era of disruptive technologies? Finally, can structural labour market reforms and active innovation policies support the transformation process and help consolidate productivity gains?

To explore questions in these emerging areas of academic and policy research, PRN is organising its third technical workshop next September 3-4, 2018 at the NUS Business School in Singapore. The workshop – cosponsored by the Centre for Asset Management Research & Investments (CAMRI), the Centre for Governance, Institutions & Organisations (CGIO), the Asian Development Bank Institute (ADBI) and the Asian Bureau of Finance and Economic Research (ABFER) – is intended to allow regional researchers to learn about existing applied work focusing particularly on the Asia-Pacific region and generate research spill-overs and potential collaborations. The workshop is expected to provide an opportunity to discuss how the Productivity Research Network (PRN) can provide an impetus for enhancing data collection within the region, aimed at allowing the development of solid research and policy analyses.

Distinguished Professor Ivan Png, NUS Business School will be holding a key-note address.

Productivity Research Network
Third Workshop - Productivity, corporate governance and risk management in the “Digital age”

3 September 2018
Seminar Room, I4-01-03 (Level 1 Lobby beside Café)
Innovation 4.0 Building
3 Research Link
National University of Singapore, Singapore 117602
  4 September 2018
Hon Sui Sen Memorial Library Auditorium
1 Hon Sui Sen Drive
NUS Business School



Monday, 3 September

8.15 AM Shuttle bus arranged from Park Avenue Rochester Hotel to NUS
8.30 AM Registration followed by Coffee/Tea
9.00 AM Welcome Remarks: Dean, Bernard Yeung (NUS), PRN Coordinator, Filippo di Mauro (NUS)
9.15 AM Keynote Address: Automation and Worker Welfare
Ivan Png, Distinguished Professor (NUS)
10.00 AM Break
10.15 AM PRN Firm-level based dataset - Presentation First Vintage
Filippo di Mauro, Visiting Professor (NUS)
10.45 AM Session 1: Heterogeneity
Session Chair: Johan Sulaeman, Associate Professor (NUS)

Multi-Factor Productivity and Evolutionary Accounting in the Presence of (Persistently) Heterogeneous Firms
Marco Grazzi (Universita' Cattolica, Milan, Italy), Le Li* (Istituto Sant'anna Pisa)

Value added in China’s mobile phone handset industry
Daria Taglioni (World Bank) 

Discussant for two papers: Cristian Badarinza, Assistant Professor (NUS)Dutt Pushan, Professor (INSEAD)
12.15 PM Lunch
1.15 PM Session 2: Knowledge
Session Chair: Andy Feng, Senior Economist (MTI)

Business Groups as Knowledge-Based Hierarchies of Firms
Carlo Altomonte, Professor of Economics of EU Integration (Bocconi University)

Trade with Benefits: New Insights on Competition and Innovation
Yi Huang, Assistant Professor of Economics (The Graduate Institute, Geneva) 

Discussant for two papers: Meryem Duygun (Notthingham University Business School)Marco Grazzi (Universita' Cattolica, Milan, Italy)
2.45 PM Break
3.00 PM Session 3: Technology
Session Chair: Filippo di Mauro, Visiting Professor (NUS)

Do Conglomerates Operate More Efficiently than Single-Segment Firms?
Johan Sulaeman, Associate Professor (NUS) 

Technological Adoption and Skill Premiums in Singapore
Justin Lim Ming Han, Researcher (AMRO)

Discussants for two papers: Meryem Duygun (Notthingham University Business School)Marco Grazzi (Universita' Cattolica, Milan, Italy
4.30 PM Break
5.00 PM Panel Discussion
(Norman Loayza, WB-Malaysia - Naveen Menon, CISCO-Singapore - Prakash Kannan, GIC and Paul Conway, New Zealand Productivity Commission)
6.45 PM Shuttle bus arranged from NUS to Dinner venue
7.00 –
Dinner sponsored by ABFER (by invitation only)
Kaz Japanese Fusion Sushi
35 Rochester Drive
#02-12 Rochester Mall
Singapore 138639

Tuesday, 4 September

8.15 AM Shuttle bus arranged from Park Avenue Rochester Hotel to NUS Business School
8.30 AM Coffee/Tea
9.00 AM Session 4: Automation
Session Chair: Cristian Badarinza, Assistant Professor (NUS)

The Redistributive Role of Automation
Giorgio Presidente

Is Informal Credit Supplement or Complementary for Financing SME’s Investment During the Crisis? Evidence from Vietnam
Long Quang Trinh, Economist (ADBI)

Discussant for two papers: Ben Charoenwong, Assistant Professor (NUS)
Discussion of Giorgio Presidente's paper
Discussion of Long Quang Trinh's paper
10.30 AM Break
11.00 AM Session 5: Innovation
Session Chair: Cristian Badarinza, Assistant Professor (NUS)

Market Concentration and Entrepreneurship Decline
Sasan Bakhtiari, Senior Economist (Australian Department of Industry, Innovation & Science)

Intangible Assets and Firms’ Liquidity Holdings: Evidence from Japan
Daisuke Miyakawa, Associate Professor (Hitotsubashi University), Miho Takizawa, Professor (Toyo University)

Discussant for two papers: Johan Sulaeman, Associate Professor (NUS)
Discussion of Sasan Bakhtiari's paper
Discussion of Daisuke Miyakawa's paper
12.30 PM Lunch
2.00 PM Data Provider roundtable session led by Hoang Minh Duy (NUS) and Zheng Guanyu (New Zealand Productivity Commission)

China: Hoang Pham (Syracuse University)Yi Huang, Assistant Professor of Economics (The Graduate Institute, Geneva)
Vietnam: Long Quang Trinh, Economist (ADBI)
Indonesia: Angsoka Yorintha Paundralingga, Economist (Bank of Indonesia), Hilda Roselina Theresia
Malaysia: Lay Lian Chuah, Research Fellow (World Bank, Malaysia)
India: Marco Grazzi (Universita' Cattolica, Milan, Italy), Nanditha Mathew (Sant’Anna Institute – Pisa, Italy)
Australia: Sasan Bakhtiari, Senior Economist (Department of Industry, Australia)
New Zealand: Guanyu Zheng, Senior Advisor (New Zealand Productivity Commission)
Korea: Yoonsoo Lee, Associate Professor (Sogang University)
Turkey: Huzeyfe Torun, Economist (Central Bank of the Republic of Turkey)
Discussion by Hoang Minh Duy
4.00 PM Final Remarks: PRN Coordinator, Filippo di Mauro (NUS)


  • Cristian Badarinza, Assistant Professor, Department Real Estate (NUS)
  • Lawrence Loh, Associate Professor, Department of Strategy and Policy (NUS Business School; CGIO)
  • Filippo di Mauro, Visiting Professor, Department of Strategy & Policy (NUS Business School)
  • Peter J. Morgan, Senior Consultant for Research (ADBI)
  • Johan Sulaeman, Associate Professor, Department of Finance (NUS Business School; CAMRI)

Maps: Park Avenue (Recommended Hotel) | Map directions from Hotel to Innovation 4.0, NUS | NUS Business School | Map directions from Hotel to NUS Business School