Curriculum Vitae
April 2024
Education
o Ph.D., Economics, University of Wisconsin-Madison, 1992-1997.
o Bachelor of Business Administration, National Taiwan University, 1986-1990.
Employment
o Western Michigan University
Professor, 2013-present.
Associate Professor, 2006-2013.
Assistant Professor, 2003-2006.
o Fulbright Scholar
School of Economics, Zhongnan University of Economics and Law, Wuhan, China, February 2017 - July 2017.
The Institute for Advanced Studies in Humanities and Social Sciences, National Taiwan University, January 2010 - June 2010.
o Visiting Scholar
Taiwan Study Center, National Chengchi University, Taiwan, January 2024 - June 2024.
o University of Alabama
Assistant Professor, 1997-2003.
Awards and Honors
o Fulbright Scholar, Council for International Exchange of Scholars, the U.S. Department of State, February 2017 - June 2017.
o Timothy Light Center for Chinese Studies Research grant, WMU, 2015.
o International Education Faculty Development Fund, WMU, 2013.
o Atlantic Economic Journal Best Article Award, 2012.
o Fulbright Research Scholar, Council for International Exchange of Scholars, the U.S. Department of State, January 2010 - June 2010.
o WMU College of Art and Science Faculty Teaching& Research Award (ASTRA), 2005.
o Research Award, University of Alabama, 1998, 1999, 2000, 2001, 2002.
o Chiang Ching-Kuo Foundation Dissertation Fellowship, Chiang Ching-Kuo Foundation for International Scholarly Exchange (USA), 1996-1997.
o Harold Groves Economics Graduate Students Research Paper Award, University of Wisconsin, Fall 1993. (Best econometrics paper by first year graduate student.)
Publications
The Effects of Corruption on China’s Provincial Eco-Efficiency, with Zhujia Yin, Leilei Li, and Yantuan Yu. Journal of the Asia Pacific Economy, 29(2), 2024, pp. 463-482. Working paper version.
Central-Local Collaborative Environmental Governance and Firm-Level Environmental Performance: The Role of Firm Ownership, with Shanshan Wu. Economics of Governance, 25(1), 2024, pp. 57-80. Working paper version.
Puzzling Retrenchment of Banking Outflows: The Role of Information Asymmetry, with Sainan Huang and Songlin Zeng. Research in International Business and Finance, 68, 2024, Article 102202. Working paper version.
A Self-Selection Pricing Mechanism for Residential Electricity: Measures of Sustainability and Equity to Balance Market Mechanisms and Government Controls, with Xinhua Zhang and Robert J. Lemke. Journal of Policy Modeling, 45(6), 2023, pp 1167-1183. Working paper version.
Using a Price Floor on Carbon Allowances to Achieve Emission Reductions under Uncertainty, with Xinhua Zhang and Robert J. Lemke. Economic Analysis and Policy, 80, 2023, pp. 1096-1110. Working paper version.
The Real Consequences of Financial Stress: Evidence from China, with Ping Liu and Lirong Wang. Journal of the Asia Pacific Economy, 28(3), 2023, pp. 855–872. Working paper version.
Does Too Much Finance Suppress a Country’s Participation in the Global Value Chains? with Songlin Zeng, Zhenyi Wang, and Sainan Huang. Applied Economics Letters, 29(16), 2022, pp. 1504-1508. Working paper version.
Dynamics of Gross Capital Flows and Financial Stress in China, with Lirong Wang and Jinnan Zhou. Finance Research Letters, 44, 2022, Article 102041. Working paper version.
Measurement and Spillover Effect of Digital Financial Inclusion: A Cross-Country Analysis, with Yan Shen and Wenxiu Hu. Applied Economics Letters, 28(20), 2021, pp. 1738-1743. Working paper version.
Illiquidity Contagion and Pricing of Commonality Risk: Evidence from a Dynamic Conditional Correlation Model, with Nardos Beyene and Peng Huang. Finance Research Letters, 39, 2021, Article 101571. Working paper version.
Government Intervention in Chinese Rural Commercial Banks – A Helping Hand or a Grabbing Hand? with Wenli Wang and Wan Wei. Applied Economics Letters, 28(3), 2021, pp. 249-253. Working paper version.
Hueng, C. James, ed. 2020. Alternative Economic Indicators. Kalamazoo, MI: W.E. Upjohn Institute for Employment Research. https://doi.org/10.17848/9780880996778
Using Digital Technology to Improve Financial Inclusion in China, with Yan Shen and Wenxiu Hu. Applied Economics Letters, 27(1), 2020, pp. 30-34. Working paper version.
Domestic Financial Instability and Foreign Reserve Accumulation in China, with Lirong Wang. International Finance, 22(2), 2019, pp. 124-137. Working paper version.
Concentration of Industrial Pollution in China, with Shanshan Wu. Applied Economics Letters, 26 (16), 2019, pp. 1339-1344. Working paper version.
Nowcasting GDP Growth for Small Open Economies with a Mixed-Frequency Structural Model, with Ruey Yau. Computational Economics, 54 (1), 2019, pp. 177-198. Working paper version.
Measuring Real Business Condition in China, with Ping Liu. China Economic Review, 46, 2017, pp. 261-274. Working paper version.
Choosing Between Value and Growth in Mutual Fund Investing, with Glenn Pettengill and George Chang. Financial Services Review, 23 (4), 2014, pp. 341-359. Working paper version.
Are Global Systematic Risk and Country-Specific Idiosyncratic Risk Priced in the Integrated World Markets? International Review of Economics and Finance, 33, 2014, pp.28-38. Working paper version.
Comparing Value and Growth Mutual Performance: Bias from the Fama-French HML Factor, with Glenn Pettengill and George Chang. Academy of Economics and Finance Journal, 4, 2013, pp. 75-86. Working paper version.
Risk-Return Predictions with the Fama-French Three-Factor Model Betas, with Glenn Pettengill and George Chang. International Journal of Economics and Finance, 5(1), 2013, pp. 34-47. Working paper version.
Country-Specific Idiosyncratic Risk and Global Equity Index Returns, with Ruey Yau. International Review of Economics and Finance, 25, 2013, pp. 326-337. Working paper version.
Central Bank Behavior and Statutory Independence. Atlantic Economic Journal, 40 (2), 2012, pp. 111-126. Winner of the 2012 AEJ Best Article Award. Working paper version.
Statutory Central Bank Independence in Taiwan. Asian Social Science, 6 (11), 2010, pp. 17-27. Working paper version.
Traditional View or Revisionist View? The Effects of Monetary Policy on Exchange Rates in Asia, with Peng Huang and Ruey Yau. Applied Financial Economics, 20 (9), 2010, pp. 753-760. Working paper version.
Interest-Rate Risk Factor and Stock Returns: A Time-Varying Factor-Loadings Model , with Peng Huang. Applied Financial Economics, 19 (22), 2009, pp. 1813-1824. Working paper version.
A Dual-Target Monetary Policy Rule for Open Economies: An Application to France, with Ruey Yau. Applied Economics Letters, 15 (12), 2008, pp. 945-948. Working paper version.
Conditional Risk-Return Relationship in a Time-Varying Beta Model, with Peng Huang. Quantitative Finance, 8 (4), June 2008, pp. 381-390. Working paper version.
Output Convergence Revisited: New Time Series Results on Industrialized Countries, with Ruey Yau. Applied Economics Letters, 14 (1), January 2007, pp. 75-77. Working paper version.
Investor Preferences and Portfolio Selection: Is Diversification an Appropriate Strategy? with Ruey Yau. Quantitative Finance, 6 (3), June 2006, pp. 255-271. Working paper version.
Short-Sales Constraints and Stock Return Asymmetry: Evidence from the Chinese Stock Markets. Applied Financial Economics, 16 (10), June 2006, pp. 707-716. Working paper version.
Using an Aggregate Demand-Aggregate Supply Model to Identify Structural Demand-Side and Supply-Side Shocks: Results Using a Bivariate VAR, with James Cover and Walter Enders. Journal of Money, Credit, and Banking, 38 (3), April 2006, pp. 777-790. Working paper version.
Forecasting Asymmetries in Aggregate Stock Market Returns: Evidence from Conditional Skewness, with James McDonald. Journal of Empirical Finance, 12 (5), December 2005, pp. 666-685. Working paper version.
Overreaction Effects Independent of Risk and Characteristics: Evidence from the Japanese Stock Market , with Chaoshin Chiao. Japan and the World Economy, 17 (4), December 2005, pp. 431-455. Working paper version.
The Correlation Between Shocks to Output and the Price Level: Evidence from a Multivariate GARCH Model, with James Cover. Southern Economic Journal, July 2003, pp.75-92. Working paper version.
Are Policy Rules Better than the Discretionary System in Taiwan? with James Cover and Ruey Yau. Contemporary Economic Policy 20 (1), January 2002, pp. 60-71. Working paper version.
Do Bubbles or Time-Varying Risk Premiums Affect Stock Prices? A Kalman Filter Approach, with Lii-Tarn Chen and Chien-Fu Jeff Lin. Global Business and Economics Review 2 (2), December 2000, pp. 159-171. Working paper version.
Sources of Persistence in Cross-Country Income Disparities: A Structural Analysis, with Ruey Yau. Journal of Macroeconomics, 22 (4), Fall 2000, pp. 611-630. Working paper version.
The Impact of Foreign Variables on Domestic Money Demand: Evidence from the United Kingdom. Journal of Economics and Finance, 24 (2), Summer 2000, pp. 97-109. Working paper version.
Money Demand in an Open-Economy Shopping-Time Model: An Out-of-Sample-Prediction Application to Canada. Journal of Economics and Business 51 (6), November/December 1999, pp. 489-503. Working paper version.
The Demand for Money in an Open Economy: Some Evidence for Canada. North American Journal of Economics and Finance 9 (1), Spring 1998, pp.15-31. Working paper version.
Professional Activities
o Board of Editors: Atlantic Economic Journal, October 2008 - present
o Refereeing Work:
American Economic Review (8), Applied Economics (2), Applied Economics Letters (1), Atlantic Economic Journal (22), Computational Economics (1), Contemporary Economic Policy (3), Defence and Peace Economics (1), Eastern Economic Journal (1), Economic Analysis and Policy (2), Economics-ejournal (1), Economic Inquiry (1), Economic Modelling (2), Emerging Markets Finance and Trade (1), Empirical Economics (1), Energy Journal (1), Energy Reports (1), Finance Research Letters (6), Financial Review (1), Financial Innovation (1), Global Business and Economics Review (3), Global Finance Journal (1), International Economic Journal (1), International Journal of Forecasting (1), International Review of Economics and Finance (5), Journal of Asian Economics (1), Journal of Behavioral and Experimental Finance (1), Journal of Economics and Business (9), Journal of Economic Research (1), Journal of Macroeconomics (9), Journal of Money, Credit, and Banking (27), Journal of Multinational Financial Management (1), Journal of the Asia Pacific Economy (2), Nonlinear Analysis Series B: Real World Applications (1), Oxford Bulletin of Economics and Statistics (1), Pacific Economic Review (3), Quantitative Finance (6), Quarterly Review of Economics and Finance (1), Resources, Conservation & Recycling (1), Research in International Business and Finance (1), Research Policy (1), Southern Economic Journal (2), Taiwan Economic Review (1).
o Seminar Presentation:
Zhongnan University of Economics and Law, China, March 2024. Northwest University, China, December 2023. Huaqiao University, China, May 2023. Shaanxi Master of Business Administration Institute, China, May 2023. Changan University, China, May 2023. Northwest University, China, May 2023. Zhongnan University of Economics and Law, China, May 2023. Changsha University of Science and Technology, China, May 2023. Hunan Normal University, China, May 2023. Xian University of Technology, China, December 2019. Changsha University of Science and Technology, China, December 2019. Zhongnan University of Economics and Law, China, May 2018. Changsha University of Science and Technology, China, May 2018. Huazhong University of Technology, China, May 2018. Shandong Technology and Sciences University, China, June 2017. National Taiwan University, Taiwan, June 2017. National Central University, Taiwan, May 2017. National Chengchi University, Taiwan, May 2017. Xian University of Architecture and Technology, China, May 2017. SIAS International University, China, May 2017. Nanjing Normal University, China, May 2017. Xinjiang University, China, May 2017. Wuhan Textile University, China, April 2017. South-Central University of Nationalities, China, April 2017. Hubei University of Education, China, April 2017. Hubei University, China, April 2017. Jilin University, China, April 2017. Ningxia University, China, March 2017. Huazhong University of Technology, China, March 2017. Zhongnan University of Economics and Law, China, March 2017. Harbin Engineering University, China, May 2016. Jilin Huaqiao University of Foreign Language, China, May 2016. Changchun University of Technology, China, May 2016. Jilin University of Economics and Finance, China, May 2016. Northeast Normal University, China, May 2016. Xian University of Technology, China, May 2016. Zhongnan University of Economics and Law, China, May 2016. National Chung-Cheng University, Taiwan, December 2013. National Taiwan University, December 2013. National Chung-Cheng University, Taiwan, May 2010. Wayne State University, March 2009. Central Bank of China in Taiwan, December 2008. Adademia Sinica, Taiwan, December 2008. National Taiwan University, December 2008. National Central University, Taiwan, December 2008. National Chengchi University, Taiwan, December 2008. DePaul University, September 2007. Sam Houston State University, November 2006. National Taiwan University, June 2006. National Central University, Taiwan, June 2006. Soochow University, Taiwan, June 2006. Ball State University, February 2006. National Taiwan University, December 2004. National Central University, Taiwan, December 2004. Western Michigan University, February 2003. University of Missouri - Rolla, February 2003. John Carroll University, January 2003. Rhodes College, January 2003. National Dong Hwa University, Taiwan, June 2001. National Taiwan University, March 1997. University of Alabama, January 1997.
o Conference Presentation:
The 17th NYCU International Finance Conference & 3rd Yushan Conference, Taiwan, December, 2023. North America/Taiwan Economics Association Joint Conference, Taiwan, December 2020, 2019, 2018, 2017, 2014, 2013, 2008. The First China Econometrician Forum, China, December 2017. Chinese American Economic Association Annual Conference, Wuhan, China, June 2017. The third international conference on the Chinese economy: past, present and future, China, December 2016. World Finance Conference, Beijing, December 2013. American Economic Association, Boston, January 2006. American Economic Association, Atlanta, January 2002. Western Economic Association International, San Francisco, July 2001. Chung Hua Money and Banking Association, Taipei, Taiwan, June 2001. Southern Economic Association, Washington D.C., November 2000. Business & Economics Society International, Los Angeles, July 2000. Western Economic Association International, San Diego, July 1999. Western Economic Association International, Lake Tahoe, July 1998. Midwest Economics Association, Chicago, March 1996.
o Conference Chair:
World Finance Conference, Beijing, December 2013. American Economic Association, Boston, January 2006. Western Economic Association International, San Francisco, July 2001. Western Economic Association International, Lake Tahoe, July 1998.
o Conference Discussant:
World Finance Conference, Beijing, December 2013. American Economic Association, Boston, January 2006. Western Economic Association International, San Francisco, July 2001. Business & Economics Society International, Los Angeles, July 2000. Western Economic Association International, San Diego, July 1999. Western Economic Association International, Lake Tahoe, June 1998.
Doctoral Dissertation Committee Member
o Peng Huang (chair), Economics, Western Michigan University, 2006
o Lezheng Liu (chair), Economics, Western Michigan University, 2007
o Abeba Siraj Mussa (chair), Economics, Western Michigan University, 2011
o Kun Zhao (chair), Economics, Western Michigan University, 2012
o Pei-Ju Sung (chair), Economics, Western Michigan University, 2015.
o Yichin Hsin (chair), Economics, Western Michigan University, 2016.
o Justin Hanig (chair), Economics, Western Michigan University, 2016.
o Shen Chen (chair), Economics, Western Michigan University, 2018.
o Nardos Beyene (chair), Economics, Western Michigan University, 2019.
o Tamrat Gashaw, Economics, Western Michigan University, 2012
o Jae-Kwang Hwang, Economics, University of Alabama, 1998
o Chris Johnson, Economics, University of Alabama, 2003
o Feijun Luo, Economics, University of Alabama, 2002
o Guozhong Ma, Economics, University of Alabama, 2003
o Sagarika Mishra, Economics, Western Michigan University, 2008
o Sara Helms Robicheaux, Finance, University of Alabama,1999
o Dawit Senbet, Economics, Western Michigan University, 2007
o Marc Schaffer, Economics, Western Michigan University, 2012
o Ibrahim Sheta, Economics, Western Michigan University, 2012
o Charn Soranakom, Finance, University of Alabama, 2002
o Wan Wei, Economics, Western Michigan University, 2017
o Jiasong Wu, Economics, Western Michigan University, 2021.
o Jyun-Yi Wu, Economics, National Central University, Taiwan, 2010
Courses Taught
o Undergraduate:
Principles of Macroeconomics.
Intermediate Microeconomics.
Intermediate Macroeconomics.
Money and Banking
o Ph.D.:
Econometrics.
Advanced Macroeconomic Theory.
Time Series Econometrics.
Monetary Economics.
Monetary Economics Workshop.
Topics in Economics: Asset Pricing.