Asian Financial Crisis
The Asian Financial Crisis, Deflation, and Structural Changes in Hong Kong, Alan Siu, Y.C. Richard Wong, in Y. Shimizu ed., "Economic Dynamism of Asia in the New Millennium", World Scientific Press, Singapore (2007), pp. 31-50.
Asian Financial Crisis: Causes and Development, APEC Study Centre (HKU) & China Centre for Economic Research (Peking University), HIEBS, Hong Kong (2000).
Executive Summary (English version / Chinese version)
Full Report (English version / Chinese version)
Foreign Direct Investment
Integrating the Two Asian Economic Giants: Japanese Multinational Corporations in China, K.C. Fung, Hitomi Iizaka, Alan Siu, in Y. Shimizu ed., "Economic Dynamism of Asia in the New Millennium", World Scientific Press, Singapore (2007), pp. 197-223.
The Effects and Implications of Foreign Direct Investment in China for Other Developing Economies: Hollowing Out or Filling In?, Busakorn Chantasasawat, K.C. Fung, Hitomi Iizaka, Alan Siu, in John Wong, Lai Hongyi eds., "China into the Hu-Wen Era: Policy Initiatives and Challenges", World Scientific Press, Singapore (2006), pp. 277-300.
An Econometric Estimation of Locational Choices of Foreign Direct Investment: The Case of Hong Kong and U.S. Firms in China, K.C. Fung, Hitomi Iizaka, Chelsea C. Lin, Alan Siu, in Yum K. Kwan, Eden S.H. Yu, eds., "Critical Issues in China's Growth and Development", Ashgate, UK (2005), pp. 97-107.
Hard or Soft? Institutional Reforms and Infrastructure Spending as Determinants of Foreign Direct Investment in China, K.C. Fung, Alicia Garcia-Herrero, Hitomi Iizaka, Alan Siu, The Japanese Economic Review 56:4 (2005), pp. 408-416.
The Giant Sucking Sound: Is China Diverting Foreign Direct Investment from Other Asian Economies?, Busakorn Chantasasawat, K.C. Fung, Hitomi Iizaka, Alan Siu, Asian Economic Papers 3:3 (2005), pp. 122-140.
Asymmetric Integration, K.C. Fung, Patricia H Schneider, International Journal of Applied Economics 2:2 (2005), pp. 83-110.
US Direct Investment in China, K.C. Fung, Lawrence Lau, Joseph Lee, AEI Press, USA (2004).
Japanese Trade and Direct Investment Links with Korea and China, K.C. Fung, Hitomi Iizaka, in Joon-Kyung Kim, Chang Jae Lee eds., "Enhancing Investment Cooperation in Northeast Asia", KIEP, Korea (2004), pp. 75-114.
Foreign Direct Investment in China: Policy, Recent Trend and Impact, K.C. Fung, Hitomi Iizaka, Sarah Tong, Global Economic Review 33:2 (2004), pp. 99-130.
Foreign Direct Investment in China and East Asia, Busakorn Chantasasawat, K.C. Fung, Hitomi Iizaka, Alan Siu, HIEBS Working Paper No. 1135 (2004) 35 pages.
Foreign Direct Investment in East Asia and Latin America: Is there a People's Republic of China Effect?, Busakorn Chantasasawat, K.C. Fung, Hitomi Iizaka, Alan Siu, HIEBS Working Paper No. 1136 (2004) 32 pages.
People's Republic of China's Round-Tripping FDI: Scale, Causes and Implications, Xiao Geng, HIEBS Working Paper No. 1137 (2004), 48 pages.
Japanese Direct Investment in China, K.C. Fung, Hitomi Iizaka, Alan Siu, China Economic Review 14:3 (2003), pp. 304-315.
International Competition for Foreign Direct Investment: The Case of China, Busakorn Cantasasawat, K.C. Fung, Hitomi Iizaka, Alan Siu, HIEBS Working Paper No. 1134 (2003), 37 pages.
U.S. and Japanese Direct Investment in China: An Econometric Examination, K.C. Fung, Hitomi Iizaka, Alan Siu, HIEBS Working Paper No. 1062 (2003), 20 pages.
Foreign Direct Investment, Technology Transfer and Firm Performance, Sarah Tong, HIEBS Working Paper No. 1023 (2001), 52 pages.
International Trade
Political Economy of Service Trade Liberalization and the Doha Round, K.C. Fung, Alan Siu, Pacific Economic Review, 13:1 (2008), pp. 124-133.
Trade Liberalization and the Environment: The Case of Intra-Industry Trade, K.C. Fung, Andrea Maechler, Journal of International Trade and Economic Development 16:1 (2007), pp. 53-69.
Production Sharing in East Asia, K.C. Fung, Hitomi Iizaka, Alan Siu, in J. Uemura ed., "FTAs in East Asia, Final Report", IDE-JETRO, Japan (2007), pp. 89-110.
Facing Protectionism Generated by Trade Disputes: China's Post-WTO Blues, Wing Thye Woo, HIEBS Working Paper No. 1169 (2007), 35 pages.
FTA in Asia: Impacts of CEPA and China--ASEAN FTA on Hong Kong's Economy, Hitomi Iizaka, Alan Siu, K.C. Fung, in M. Toida, J. Uemura eds "FTAs in East Asia, Trade Link Model (II), IDE-JETRO, Japan (2006), pp. 95-106.
Bilateral Import Demand Functions: The Case for Hong Kong SAR, Hitomi Iizaka, Alan Siu, K.C. Fung, in M. Toida, J. Uemura eds., "FTAs in East Asia, Trade Link Model (II), IDE-JETRO, Japan (2006), pp. 69-94.
Adjusted Estimates of United States-China Bilateral Trade Balances: An Update, K.C. Fung, Lawrence Lau, Yanyan Xiong, Pacific Economic Review 11:3 (2006), pp. 299-314.
Hong Kong, Alan Siu, Yu Chen, K.C. Fung, in M. Toida, J. Uemura eds., "FTAs in East Asia, Trade Link Model (I)", IDE-JETRO, Japan (2005), pp. 123-152.
Multilateral Trade Negotiations in the GATT and the WTO: Lessons for Asia, K.C. Fung, Hitomi Iizaka, Chelsea Lin, Francis Ng, Asian Economic Papers 3:2 (2005), pp. 79-96.
The Impact of Intra-Industry Trade on the Environment, K.C. Fung, Andrea Maechler, in G.S. Heiduk, K.Y. Wong, eds., "WTO and World Trade: Challenges in the New Era", Physica-Verlag, Germany (2005), pp. 87-123.
Trade and Investment: China, The United States, and the Asia-Pacific Economies, K.C. Fung, Journal of American Chamber of Commerce 36:6 (2004), pp. 11-14.
Non-Tariff Barriers to Trade in the Pacific Rim, Stephen Ching, Clement Wong, Anming Zhang, Pacific Economic Review 9:1 (2004), pp. 65-73.
Emerging Capital Markets en Joint Ventures, K.C. Fung, Alan Siu, FSR Forum Jaargang 6:4 (2004), pp. 22-24.
The Political Economy of the Japanese Yen and the U.S.-Japan Trade Conflict, K.C. Fung, Hitomi Iizaka, Paul Lau, Chelsea Lin, HIEBS Working Paper No. 1080 (2004), 25 pages.
Game-Theoretic Analysis of China's WTO Accession, Eric W. Bond, Stephen Ching, Edwin Lai, Pacific Economic Review 8:2 (2003), pp. 117-125.
Adjusted Estimates of United States-China Bilateral Trade Balances: 1995-2002, K.C. Fung, Lawrence Lau, Journal of Asian Economics 14:3 (2003), pp. 489-496.
The Role of MFN in WTO Accession, Eric Bond, Stephen Ching, Edwin Lai, HIEBS Working Paper No. 1083 (2003), 30 pages.
Can Freer Intra-Industry Trade Raise Wages? Evidence from Canada, K.C. Fung, Harry Huizinga, HIEBS Working Paper No. 1073 (2003), 21 pages.
Foreign Trade of China, K.C. Fung, Hitomi Iizaka, Sarah Tong, HIEBS Working Paper No. 1048 (2002), 43 pages.
Factor Adjustment and Intra-industry Trade: An Application of the Adjustment Costs Model, Tina Chen, HIEBS Working Paper No. 1025 (2001), 27 pages.
Networking, Market Transition and Barriers to Entry: Export by Vietnam Private Firms, Sarah Tong, HIEBS Working Paper No. 1026 (2001), 25 pages.
Accession Rules and Trade Agreements: The Case of the WTO, Eric Bond, Stephen Ching, Edwin Lai, HIEBS Working Paper No. 1068 (2000), 32 pages.
Age Structure of the Workforce in Growing and Declining Industries: Evidence from Hong Kong, Jun Han, Wing Suen, HIEBS Working Paper No. 1165 (2007), 22 pages.
What Has Happened to the Gender Earnings Differential in Urban China During 1988-2004?, Junsen Zhang, Pak-wai Liu, Jun Han, Yaohui Zhao, HIEBS Working Paper No. 1164 (2007), 39 pages.
A Signaling Theory of Grade Deflation, William Chan, Wing Suen, Li Hao, International Economic Review 48:3 (2007), pp. 1065-1090.
The Evolution of Gender Earnings Gaps and Discrimination in Urban China 1988-95, Sylvie Démurger, Martin Fournier, Yi Chen, The Developing Economies 45:1 (2007), pp. 97-121.
Economic Liberalization with Rising Segmentation in China's Urban Labor Market, Sylvie Démurger, Martin Fournier, Li Shi, Wei Zhong, Asian Economic Papers 5:3 (2007), pp. 58-101.
Wages, Participation and Unemployment in the Economic Transition of Urban China, Jun Han, Junsen Zhang, HIEBS Working Paper No. 1177 (2007), 14 pages.
Urban Income Inequality in China Revisited (1988-2002), Sylvie Démurger, Martin Fournier, Shi Li, Economic Letters 93:3 (2006), pp. 354-359.
No-Fault Divorce and the Compression of Marriage Age, Douglas Allen, Krishna Pendakur, Wing Suen, Economic Inquiry 44:3 (2006), pp. 547-558.
The Effects of Public Housing on Internal Mobility in Hong Kong, Hon-Kwong Lui, Wing Suen, HIEBS Working Paper No. 1160 (2006), 26 pages.
Economic Liberalization with Rising Segmentation on China's Urban Labor Market, Sylvie Démurger, Martin Fournier, Li Shi, HIEBS Working Paper No. 1155 (2006), 59 pages.
The Comparative Statics of Differential Rents in Two-sided Matching Markets, Wing Suen, Journal of Economic Inequality 5 (2006), pp. 149-158.
External Recruitment and Intrafirm Mobility, William Chan, Economic Inquiry 44:1 (2006), pp. 169-184.
Earnings Differentials and Ownership Structure in Chinese Enterprises, Yi Chen, Sylvie Démurger, Martin Fournier, Economic Development and Cultural Change 53:4 (2005), pp. 933-958.
Education, Development, and Wage Inequality: The Case of Taiwan, James Vere, Economic Development and Cultural Change 53:3 (2005), pp. 711-735.
A Spatial Theory of News Consumption and Electoral Competition, Jimmy Chan, Wing Suen, HIEBS Working Paper No. 1117 (2005), 40 pages.
Wage Structure Effects of Taiwan's Science and Technology Development Policy, James Vere, Asian Economic Journal 19:2 (2005), pp. 159-180.
Do Dragons Have Better Fate?, Wong Ka Fu, Linda Yung, Economic Inquiry 43:3 (2005), pp. 689-697.
The Shrinking Earnings Premium for University Graduates in Hong Kong: The Effects of Quantity or Quality?, Hong-Kwong Lui, Wing Suen, Contemporary Economic Policy 23:2 (2005), pp. 242-254.
Unravelling of Dynamic Sorting, Ettore Damiano, Li Hao, Wing Suen, The Review of Economic Studies 72:4 (2005), pp. 1057-1076.
Life Cycle Effects on Fertility on Parents' Labor Supply, James Vere, HIEBS Working Paper No. 1127 (2005), 37 pages.
The Self-Perpetuation of Biased Beliefs, Wing Suen, The Economic Journal 114:495 (2004), pp. 377-396.
Delegating Decisions to Experts, Hao Li, Wing Suen, Journal of Political Economy 112:1 part 2 (2004), pp. S311-S335.
Self-fulfilling Early Contracting Rush, Hao Li, Wing Suen, International Economic Review 45:1 (2004), pp. 301-324.
Mutual Admiration Clubs, Wing Suen, HIEBS Working Paper No. 1107 (2004), 25 pages.
Dragon Child: Identifying the Causal Effect of the First Child on Female Labor Supply with the Chinese Lunar Calendar, Jame Vere, HIEBS Working Paper No. 1079 (2004), 35 pages.
Estimating the Natural Rate of Unemployment in Hong Kong, Petra Gerlach-Kristen, HIEBS Working Paper No. 1085 (2004), 13 pages.
Media as Watchdogs: The Role of News Media in Electoral Competition, Jimmy Chan, Wing Suen, HIEBS Working Paper No. 1082 (2004) 44 pages.
The Long-Term Effectiveness of the Hong Kong Employees Retraining Programme, William Chan, Wing Suen, Pacific Economic Review 8:1 (2003), pp. 79-98.
First in Village or Second in Rome?, Ettore Damiano, Wing Suen, HIEBS Working Paper No. 1078 (2003), 40 pages.
The Implicit Market for Family Friendly Work Practices, John Heywood, W.S. Siebert, Xiangdong Wei, HIEBS Working Paper No. 1053 (2003), 28 pages.
European Economic Integration and the Effectiveness of Employment Policies, K.C. Fung, Chelsea Lin, Andrea Maechler, HIEBS Working Paper No. 1069 (2003), 24 pages.
Investing in Reputation: Strategic Choice in Career-Building, William Chan, Wing Suen, HIEBS Working Paper No. 1054 (2003) 31 pages.
Marital Transfer and Intrahousehold Allocation: a Nash-Bargaining Analysis, Wing Suen, William Chan, Junsen Zhang, Journal of Economic Behavior and Organization 52:1 (2003), pp. 133-146.
Unemployment and Vacancy in the Hong Kong Labour Market, Chung Yi Tse, Charles KY Leung, Weslie YF Chan, Applied Economics Letters 9:4 (2002), pp. 221-229.
Monopoly, Employment and Wages, Chung Yi Tse, Labour Economics 9:5 (2002), pp. 681-697.
Interaction between Economic and Political Factors in the Migration Decision, Kit-Chun Lam, Journal of Comparative Economics 30:3 (2002), pp. 488-504.
Conflicts and Common Interests in Committee, Sherwin Rosen, Li Hao, Wing Suen, American Economic Review 91:5 (2001), pp. 1478-1497.
Some Preliminary Findings on Hong Kong Business Cycles, Chi Fai Leung, Wing Suen, Pacific Economic Review 6:1 (2001), pp. 37-54.
Gender Wage Differentials and Occupational Segregation in Hong Kong 1981-1996, Yun-Wing Sung, Junsen Zhang, Chi-Shing Chan, Pacific Economic Review 6:3 (2001), pp. 345-359.
Testing Rent Sharing Using Individualized Measures of Rent: Evidence from Domestic Helpers, Wing Suen, Economic Inquiry 38:3 (2000), pp. 470-486.
An Evaluation of the Hong Kong Employees Retraining Programme, Wing Suen, William Chan, Asian Economic Journal 14:3 (2000), pp. 255-281.
Monopoly, Human Capital Accumulation and Development, C.Y. Tse, Journal of Development Economics 61:1 (2000), pp. 137-174.
Returns to Schooling of Increasingly-Educated Cohorts in Taiwan, James Vere, HIEBS Working Paper No. 1044 (2002), 24 pages.
Women's Labor Force Participation and Occupational Choice in Taiwan, James Vere, Grace Wong, HIEBS Working Paper No. 1043 (2002), 35 pages.
Grade Inflation, William Chan, Wing Suen, Li Hao, HIEBS Working Paper No. 1046 (2002), 36 pages.
Why Do Agglomeration Economies Not Raise Employment, Chung Yi Tse, HIEBS Working Paper No. 1030 (2001), 41 pages.
Macro Economy
2007 Hong Kong Economic Outlook, Alan Siu, in J. Uemura, C. Yamaji, eds., "2007 Economic Forecasts for Asian Industrializing Region", IDE-JETRO, Japan (2007), pp. 109-114.
What are the High-Probability Challenges to Continued High Growth in China, Wing They Woo, HIEBS Working Paper No. 1168 (2007), 68 pages.
Estimating Corporate Investment Inefficiency: Evidence from an Implied Return on Capital in China, Qiao Liu, Alan Siu, HIEBS Working Paper No. 1166 (2007), 52 pages.
Business Cycle and Inflation Synchronisation in Mainland China and Hong Kong, Petra Gerlach-Kristen, HIEBS Working Paper No. 1115 (2007), 35 pages.
2006 Hong Kong Economic Outlook, Alan Siu, in M. Toida, C. Yamaji eds., "2006 Economic Forecasts for Asian Industrializing Region", IDE-JETRO, Japan (2006), pp. 115-121
Internal and External Shocks in Hong Kong Empirical Evidence and Policy Options, Petra Gerlach-Kristen, Economic Modelling 23:1 (2006), pp. 56-75.
Institutions, Financial Development, and Corporate Investment: Evidence from an Implied Return on Capital in China, Qiao Liu, Alan Siu, HIEBS Working Paper No. 1162 (2006), 53 pages.
Non-Stackelberg Outcomes in Stackelberg Duopoly Experiments: A Parsimonious Explanation Based on Inequality Aversion, Sau-Him Paul Lau, Felix Leung, HIEBS Working Paper No. 1154 (2006), 24 pages.
Measuring the Economic Return to an Infrastructure Investment Using Interregional Price Gaps: a Natural Experiment, Zhigang Li, HIEBS Working Paper No. 1144 (2005), 40 pages.
Economic Changes and Afforestation Incentives in Rural China, Sylvie Démurger, Weiyong Yang, HIEBS Working Paper No. 1131 (2005), 36 pages.
Using Turn Taking to Mitigate Conflict and Coordination Problems in the Battle of the Sexes Game, Sau-Him Paul Lau, Vai-Lam Mui, HIEBS Working Paper No. 1129 (2005), 30 pages.
Hong Kong, China, Alan Siu, in R. Richardson ed., "Pacific Economic Outlook: Economic Prospects for the Asia Pacific Region 2005-06", Pacific Economic Cooperation Council, Canada (2005), pp. 24-25.
Search Frictions, Market Power, and Long-Run Growth, Chung Yi Tse, Journal of Economic Theory 116:2 (2004), pp. 323-346.
Using an Error-correction Model to Test Whether Endogenous Long-run Growth Exists, Sau-Him Paul Lau, HIEBS Working Paper No. 1128 (2004), 40 pages.
Some Fundamental Inadequacies of the Washington Consensus: Misunderstanding the Poor by the Brightest, Wing Thye Woo, HIEBS Working Paper No. 1112 (2004), 39 pages.
Too Little, Too Late -- Interest Rate Setting and the Costs of Consensus, Petra Gerlach-Kristen, HIEBS Working Paper No. 1087 (2004), 12 pages.
Taking Two Steps at a Time: On the Optimal Pattern of Policy Rates, Petra Gerlach-Kristen, HIEBS Working Paper No. 1074 (2004), 28 pages.
Loglinear Approximate Solutions to RBC Models: An Illustration and Some Observations, Sau-Him Paul Lau, Philip Hoi-Tak Ng, HIEBS Working Paper No. 1093 (2004), 20 pages.
Achieving Intertemporal Efficiency and Symmetry Through Intratemporal Asymmetry: (Eventual) Turn Taking in a Class of Repeated Mixed-Interest Games, Sau-Him Paul Lau, Vai-Lam Mui, HIEBS Working Paper No. 1092 (2003), 41 pages.
The Travails of Current Macroeconomic and Exchange Rate Management in China: The Complications of Switching to a New Growth Engine, Wing Thye Woo, HIEBS Working Paper No. 1081 (2003), 40 pages.
Further Inspection of the Stochastic Growth Model by an Analytical Approach, Sau-Him Lau, Macroeconomic Dynamics 6:5 (2002), pp. 748-767.
An Alternative Analytical Approach to Solving Dynamic Stochastic General Equilibrium Models with Endogenous Growth, Paul Lau, HIEBS Working Paper No. 1056 (2002), 35 pages.
On the Euler Equations of Hyperbolic-Discounting Growth Models, Paul Sau-Him Lau, HIEBS Working Paper No. 1032 (2001), HIEBS Working Paper No. 1032 (20 pages).
Sharp Increase in Interest Rate as a Signal of the Resolve to Defend Currencies, Chi-shing Chan, Chor-yiu Sin, Yuk-shing Cheng, HIEBS Working Paper No. 1027 (2001), 16 pages.
What Explains the Industrial Revolution in East Asia? Evidence from the Factor Markets, Chang-Tai Hsieh, HIEBS Working Paper No. 1015 (2000), 29 pages.
Macroeconomic and Labor Market Impact of Russian Immigration in Israel, Chang-Tai Hsieh, Sarit Cohen, HIEBS Working Paper No. 1014 (2000), 35 pages.
A Case Study of Economic Ecology: The Hong Kong Economy's Plunge into a Deep Recession in 1998, Lok Sang Ho, HIEBS Working Paper No. 1012 (2000), 18 pages.