Research
ORCID https://orcid.org/0000-0002-9135-532X
Working papers:
The Effects of U.S. Monetary Policy News Shocks on China’s Portfolio Flows: The Role of Capital Controls, with Jinnan Zhou, Lirong Wang, and Wan Wei.
Asymmetric Effects of Media Attention and Investor Attention on Stock Price Synchronicity: Evidence from China, with Zhenxing Su and Wan Wei.
The Effects of Capital Controls on the Dynamics of China’s Cross-Border Gross Capital Flows, with Lirong Wang and Jinnan Zhou.
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.