Conference on Iran's Economy

December 11-13, 2008

University of Illinois at Urbana-Champaign

Illini Union, Urbana, IL

(For a PDF version of the Program please click here.)

Thursday, December 11, 2008

Participants' arrival

Lodging: Illini Union Hotel

Phone: 217-333-3030

Fax: 217-333-0804

Address: 1401 West Green Street, Urbana, IL 61801


Room 314 Illini Union

 Friday, December 12, 2008

 9:00- 9:30      Introductory Remarks

                          Hadi Salehi Esfahani (University of Illinois at Urbana-Champaign)

                          William Brustein (Associate Provost for International Affairs, UIUC) 


Session 1:   Modeling Iran's Macroeconomy

       Chair: Vahid Nowshirvani (Columbia University)

9:30- 10:10     A New Keynesian Small Open Economy DSGE Model in Islamic Economic Framework: The Case of Iran

                          Mehdi Feizi (Goethe University, Frankfurt)


 10:10-10:50   Iran's Macroeconomic Performance in the Global Context

                          Hadi Salehi Esfahani (University of Illinois at Urbana-Champaign)

                          Kamiar Mohaddes (Cambridge University)

                          Hashem Pesaran (Cambridge University & USC)


10:50-11:10     Coffee break


Session 2:   Economic Growth and the Fortune of Cohorts

       Chair: Daniel Egel (University of California, Berkeley)

11:10- 11:50    Sources of Economic Growth and Stagnation in Iran

                          Farshid Mojaver (University of California, Davis)


11:50-12:30    Reversal of Fortunes: A Cohort Analysis of Lifetime Earnings in Iran

                          Marenglen Marku (Economic and Valuation Services, KPMG LLP)

                          Djavad Salehi-Isfahani (Virginia Tech)


12:30-2:00     Lunch


Session 3:   Subsidies and Populism

       Chair: Hassan Hakimian (Cass Business School)

2:00- 2:40       The Welfare Cost of Price Subsidies in Iran

                          Firouz Gahvari (University of Illinois at Urbana-Champaign)

                          Farzad Taheripour (Purdue University)


2:40-3:20       Voting for Populism: An Analysis of Iran's 2005 Presidential Election

                          Hadi Salehi Esfahani (University of Illinois at Urbana-Champaign)

                          Djavad Salehi-Isfahani (Virginia Tech)

                          Ali Hashemi (Virginia Tech)


3:20-3:40     Coffee break


Session 4:   Crime and Fertility

       Chair: Guity Nashat (University of Illinois-Chicago)

 3:40-4:20       The Socioeconomic and Demographic Determinants of Crime in Iran: A Regional Panel Data Analysis

                          Gholamreza Keshavarz Hadad (Sharif University of Technology)

                                   Hamed Markazi Moghaddam (University of Carlos III)


4:20-5:00        Family Planning and Rural Fertility Decline in Iran: A Study in Program Evaluation

                          Djavad Salehi-Isfahani (Virginia Tech)

                          Mohammad Jalal Abbasi-Shavazi (University of Tehran)

                          Meimanat Hosseini-Chavoshi (Ministry of Health and Medical Education, Iran)


Session 5:   Overview

       Chair: Hadi Salehi Esfahani (University of Illinois at Urbana-Champaign)

5:00-5:30       Comments on Economics Research on Iran

                          Gary S. Becker (Nobel Laureate, University of Chicago)


Dinner and Keynote Speech at the Champaign Country Club

(By Invitation)

6:30-7:30        Reception        

7:30-8:45        Dinner        

8:45-9:30        Iran and the Global Economic Crisis     

                          Hashem Pesaran (Cambridge University & USC)


Saturday, December 13, 2008

Session 6:   Iran's Export Markets and Institutions

       Chair: Hassan Arvin-Rad (University of Illinois at Urbana-Champaign)

9:30- 10:10     Iran’s Free Trade and Special Economic Zones: Challenges and Opportunities

                          Hassan Hakimian (Cass Business School)


10:10-10:50    How Much of the Price Variation in the Oil Market Can Be Attributed to Exercising Market Power by OPEC?

                          Mohammad Morovati (University of Texas, Austin)


10:50-11:10     Coffee break


Session 7:   Industry and Finance

       Chair: Hassan Mohammadi (Illinois State University)

11:10- 11:50    Demand Estimation for Iranian Auto Industry

                          Seyed Reza Yousefi (University of Texas, Austin)

                          Mohammad Hossein Rahmati (University of Texas, Austin)


11:50-12:30    Chasing Investment: Cash Flow Sensitivity Analysis of Investment for Iranian Public Companies

                          Mahdi Rastad (University of Illinois at Urbana-Champaign)


12:30-2:00     Lunch


Session 8:   Poverty and Inequality

       Chair:  Farshid Mojaver (University of California, Davis)

2:00- 2:40       A Multiattribute Assessment of Poverty in Iran

                          Esfandiar Maasoumi (Emory University)

                          Djavad Salehi-Isfahani (Virginia Tech)


2:40-3:20       Earnings Inequality and Earning Levels in Iran: An Analysis of 1986-2004 Trends and Events

                          Hossein A. Abbasi  (University of Illinois at Urbana-Champaign)

                          Ali Dadpay (Marketing Analytics, Evanston IL)


3:20-4:00       Understanding Mobility and Dynamics of Poverty in Iran

                          Mehdi Majbouri (University of Southern California)

                          Djavad Salehi-Isfahani (Virginia Tech)


4:00-4:20     Coffee break


Session 9:      Reflections on Economic Conditions and the Future of Research on Iran

       Chair: Hashem Pesaran (Cambridge University & USC)

4:20-4:50        What happened to Agriculture as “Axis of Development” Under the Islamic Republic?

                          Vahid Nowshirvani (Columbia University)


4:50-5:50       Panel Discussion: The Future of Research on Iran's Economy

                          Firouz Gahvari (University of Illinois at Urbana-Champaign)

                          Gholamreza Keshavarz Hadad (Sharif University of Technology)

                          Djavad Salehi-Isfahani (Virginia Tech)


5:50-6:00       Closing Remarks

                          Hadi Salehi Esfahani (University of Illinois at Urbana-Champaign)


Dinner at Colonial Room, Illini Union

(By Invitation)

7:00-7:30        Reception        

7:30-8:45        Dinner        

8:45-9:30        Classical Persian Music     

                          Mahour Mellat-Parast (University of North Carolina at Pembroke)