2006 – Globalization and Corporate Restructuring

Conference on Globalization and Corporate Restructuring: Vaxholm, 10–11 September 2006

Hosted by Research Institute of Industrial Economics with financial support from the Marianne and Marcus Wallenberg Foundation. Organizers: Katariina Hakkala and Lars Persson, Research Institute of Industrial Economics.


Preliminary Program (Last updated 5 September, 2006)


The presenter is in bold. Each presentation should take 30 minutes, the discussant may use 10 minutes and 5 minutes are devoted to general discussion.


                            Discussant: Olivier Bertrand (University of Toulouse, GREMAQ)

Saturday 9 September


19.00              Dinner for conference participants arriving on Saturday


Sunday 10 September


08.55              Registration


09.10              Welcoming


Session I          Chair person: Katariina Hakkala


09.15–10.00     Peter Rousseau (Vanderbilt University and NBER), “The Q-Theory of Mergers: International and Cross Border Evidence”
Discussant:  Pehr-Johan Norbäck (Research Institute of Industrial Economics)


10.00–10.45     Lars Persson (Research Institute of Industrial Economics and CEPR), Pehr-Johan Norbäck (Research Institute of Industrial Economics) and Jonas Vlachos (Stockholm School of Economics), Cross-Border Acquisitions and Corporate Taxes: Efficiency and Tax Revenues
Discussant: Keith Head (University of British Columbia)


10.45–11.15     Coffee


11.15–12.00     Alex Hijzen (University of Nottingham), Richard Upward (University of Nottingham) and Peter Wright (University of Nottingham), “Service Offshoring and Job Security
Discussant: Helena Svaleryd (Research Institute of Industrial Economics)


12.00–13.30     Lunch


Session II         Chair person: Lars Persson


13.30–14.15     Holger Görg (University of Nottingham), Sourafel Girma (University of Nottingham) and Yuandan Gong, University of Nottingham), “Can You Teach Old Dragons New Tricks? FDI and Innovation Activity in Chinese State-Owned Enterprises”



14.15–15.00     Shang-Jin Wei (International Monetary Fund and NBER) and Mary Amiti (Federal Reserve Bank of New York), “Service Offshoring, Productivity, and Employment: Evidence from the United States
Discussant: Jonas Vlachos (Stockholm School of Economics)


15.00–15.30     Coffee


15.30–16.15     Andrew Bernard (Dartmouth College), “Intra-Firm Trade”

Discussant: Karolina Ekholm (Stockholm University and CEPR)


16.15–17.00     Jiandong Ju (University of Oklahoma) and Shang-Jin Wei (International Monetary Fund and NBER), “A Solution to Two Paradoxes of International Capital Flows
Discussant: Henrik Horn, Research Institute of Industrial Economics, Institute for International Economic Studies and CEPR 


18.45              Boat trip with conference dinner


Monday 11 September


Session III       Chair person: Henrik Horn


09.15–10.00     Katariina Hakkala (Research Institute of Industrial Economics), and Karolina Ekholm (Stockholm University and CEPR), “Regional Effects of Offshoring on Labor Demand in Sweden
Discussant: Rikard Forslid (Stockholm University and CEPR)


10.00–10.45     Robert Feenstra (University of California, Davis, and NBER), Paul R. Bergin (University of California, Davis, and NBER) and Gordon H. Hanson (University of California, San Diego, and NBER),

Outsourcing and Volatility
Discussant: Harry Flam (Institute for International Economic Studies)


10.45–11.15     Coffee


11.15–12.00     Stephen Yeaple (University of Pennsylvania and NBER) and Volker Nocke (University of Pennsylvania and CEPR), “An Assignment Theory of Foreign Direct Investment
Mattias Ganslandt (Research Institute of Industrial Economics)


12.00–13.30     Lunch


Session IV        Chair person: Pehr-Johan Norbäck


13.30–14.15     Keith Head (University of British Columbia), “FDI as an Outcome of the Market for Corporate Control: Theory and Evidence
Discussant: Richard Friberg (Stockholm School of Economics and CEPR)


14.15–15.00     Helder Vasconcelos (Bocconi University and CEPR) and Eileen Fumagalli (Bocconi University), “Cross-Border Merger Waves
Discussant: Sven-Olof Fridolfsson (Research Institute of Industrial Economics)


15.00              Closing of the conference and boat to Stockholm

Leading Research Environment

IFN at the top


Illustration puff sid 1


The Research Institute of Industrial Economics, IFN, is a private and independent foundation devoted to pursuing highly relevant research for trade and industry.

The researchers at IFN are united in their belief that economic methods offer a powerful tool for understanding society.

The main research programs are:

  1. economics of entrepreneurship
  2. globalization and corporate restructuring
  3. economics of the service sector
  4. economics of the electricity markets
  5. economics of institutions and culture.

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 | info@ifn.se