Research Categories

Faculty This site

Economics

This category covers:

Asian Economies
Behavioural Economics
Chinese Economy
Cost and Benefit Analysis
Econometrics
Economic Growth and Development
Economic Theory
Environmental and Resource Economics
Financial Economics
Game Theory
Gender Studies
Happiness Studies
Industrial Organisation

International Economics
International Finance
Labour Economics and Industrial Relations
Law and Economics
Macroeconomics
Mathematical Economics
Microeconomics
Monetary Economics
Political Economy
Population studies
Public Economics
Public Finance
Singapore and ASEAN economies

Faculty members also regularly publish in major internationally referred journals such as the American Economic Review, Journal of Political Economy, Economic Journal, Journal of Economic Behaviour and Organisation, Journal of Public Economics, World Development, Applied Economics, International Economic Review, International Review of Law and Economics, Environment and Planning, and in leading Asian economics journals such as Singapore Economic Review and Asian Economic Journal. They also frequently publish books with well-known international publishers such as McGraw-Hill, Edward Elgar and Routledge.

Name	Research Interests
Asst Prof Arvind Sainathan	Supply Chain Management Interface of Operations Management/Marketing Healthcare Operations
Assoc Prof Chang Xin	Corproate Finance, Valuation
Asst Prof Chang Youngho	Economics of Global Warming and Climate Change; Economics of Renewable Resources; Energy Efficiency and Conservation of Energy; Efficiency and Equity in Electricity Market Deregulation; Economics of Energy Security; Energy and Economic Growth in China
Asst Prof Chen Ning	Algorithmic Game Theory and Computational Economics Algorithmic and Economic aspects of the Internet Algorithms and Combinatorial Optimization
Asst Prof Chen Zhanhui	Theoretical and empirical asset pricing, in connection with corporate finance and macroeconomics
Prof Chew Soon Beng	Wages, wage systems and wage determination in Singapore Industrial relations in Singapore and other countries
Asst Prof Chia Wai Mun	Prof Chia's areas of interest include international macroeconomics and cost-benefit analysis. Her current researach work focuses on the effects of real and nominal shocks in a small open economy under different exchange rate regimes, research issues related to Asian economic integration and estimation of value of a statistical life.
Assoc Prof Christine Lim Mei Lai	Applied econometrics, tourism modelling and management, tourism forecasting
Assoc Prof Christos Sakellariou	Associate Professor Chris Sakellariou conducts research in the area of Labor Economics. In particular, his area of expertiese is in the Economics of Education and the Economics of Gender. Currently his is doing reseach on the role of cognitive skills in the labor market and in particular the relationship between education and cognitive skills acquired in school vs. elsewhere.
Dr David Alexander Reisman	Economic thought, esp. Marshall,Galbraith and Schumpeter Health economics, esp. policy issues in South-East Asia Political economy, esp. policy studies (theoretical and applied)
Asst Prof Edith Elkind	Algorithmic game theory, computational social choice, algorithms and complexity
Asst Prof Feng Qu	Panel data econometrics, spatial econometrics and productivity analysis Chinese economy; labor economics.
Asst Prof Giovanni Ko	Public Economics, Political Economics, Applied Microeconomic Theory
Asst Prof Goh Kim Huat	Electronic Markets Strategy, Economic Value of Information Technology Investment, Behavioral Economics & Information Goods Pricing, Consumer behavior in information technology mediated environments
Assoc Prof Gooi Hoay Beng	Prof Gooi's areas of expertise are Energy Management Systems, Forecast & Scheduling Applications, and Network Applications. His current research focuses on Microgrid Energy Management Systems, Electricity Markets, Spinning Reserve, Energy Efficiency and Renewable Energy Sources.
Prof (Adj) Hong Hai	Prof Hong has a wide range of research interests, including East Asian culture and management and Chinese medical theories.
Assoc Prof Huang Weihong	Dr. Huang has wide research interests ranging from microeconomics, industrial organization, financial economics, public economics to nonlinear economic dynamics. Recently, Dr Huang has devoted much time and effort to reexamine the economic behaviors from the perspective of ancient Chinese philosophy. In recent years, he has devoted his most effort in incorporating ancient philosophical wisdom to the analysis of the economic behaviors.
Prof Hwang Chuan Yang	Prof. Hwang's areas of expertise are investment and corporate finance. His current research works focus on information risk and distress risk.
Prof Jan Frederik Kiviet	Theoretical and Applied Econometrics. Panel Data Methods, Design of Monte Carlo Simulation, Analysis of Effectivity of Endogenous Interventions, Finite Sample Issues, Asymptotic Expansions, Exact Inference, Bootstrap, History of Statistics and Econometrics. Applications in Health, Development, Growth.
Assoc Prof Joseph Dennis Alba	Joseph's general areas of interest are in international macroeconomics, international trade and development economics. He is particularly interested in the determinants of exchange rates and the roles of exchange rate regimes in developing countries. He has examined the role of expectations in exchange rate determination and the factors that affect real exchange rates in developing countries. He also examines the impact of different shocks on economy of small developing countries under various exchange rate regimes. His other area of interest is in the roles of exchange rates, relative wealth, banking crisis and corporate governance on foreign direct investment (FDI). He gets around the aggregation problems encountered by many researchers using aggregated data by using firm-level data. His research in this area answers why there are large fluctuations in FDI. In his work on FDI, he collaborates with Peiming Wang (Auckland University of Technology, New Zealand) and Donghyun Park (Asian Development Bank). Joseph has also started work on new economic geography, trade and foreign trade agreements (FTA) with Donghyun Park and Hur Jung (National University of Singapore, Singapore). In a recently concluded project, he and his collaborators use the theories in new economic geography to explain the patterns of trade. They are currently looking into the effect of multiple FTAs on trade.
Prof Kang Jun-Koo	Dr. Kang's research interests include corporate finance and international finance, particularly cross-border mergers and acquisitions, corporate governance, capital raising, international portfolio allocation, and banking.
Asst Prof Kim Young Han	Media attention and stock price Corporate governance and government regulation
Asst Prof Lam Siu Lee	Management, strategy and modelling for supply chains, shipping, ports and other related areas; Development of integrated intelligent systems/ decision support systems; Port competition and cooperation; Risk management; Supply chain management; Econometrics; Maritime and port policy; Trade and maritime developments, especially for Asia.
Asst Prof Leong Kaiwen	WORKING PAPERS • Leong, K, Chiba, S. The Behavioral Economics How Sibling Sex Composition Affects Women’s Educational Attainment. • Leong, K, Chiba, S. The Behavioral Economics of Crime Rates and Punishment Levels. (Submitted) • Leong, K. Interpersonal Authority and Persuasion. • Leong, K, Chiba, Conflicts of Interest in Pervasive Communications. • Leong, K, Chiba, Cheap talk with Outside Options • Leong, K, Chiba, Transparency and the Credibility of Communications • Leong, K, Chiba, S., Li H. Religious Beliefs in a Fair World.
Assoc Prof Li Zhi-Feng, Michael	His primary areas of research are in operations research and transport economics. He is currently undertaking projects in revenue management and network congestion pricing.
Prof Ng Yew Kwang	I am currently working to complete a monograph on happiness, a paper on ‘Why Is Finance Important? Some Thoughts on Post-Crisis Economics’. In the past, I have worked on the following items. Economics (Chronological Order): 1. The necessity of cardinal utility: Kemp, M.C. and Ng, Yew-Kwang (1976), On the existence of social welfare functions, social orderings, and social decisions functions, Economica. 2. A theory of third best: Towards a theory of third best, Public Finance, 1977. 3. Separating efficiency and equality considerations in specific issues: Quasi-Pareto social improvements, American Economic Review, 1984. 4. Combining micro, macro and general-equilibrium analysis: Mesoeconomics: A Micro-Macro Analysis. London: Harvester, 1986. 5. Diamond goods and burden-free taxes: Diamonds are a government’s best friend: Burden-free taxes on goods valued for their values, American Economic Review, 1987. 6. The enrichment of a sector (individual/region/country) benefits others: The third welfare theorem?, Pacific Economic Review, 1996. 7. Efficiency, Equality, and the Foundation of Public Policy: With a Case for Higher Public Spending. London: Macmillan, 2000. 8. Extending welfare economics: Income distribution as a peculiar public good: The paradox of redistribution and the paradox of universal externality, Public Finance, 1973. Ng, Yew-Kwang & Mendel Weisser (1974), Optimal pricing with budgetary constraints: The case of the two-part tariff, Review of Economic Studies, 1974 The paradox of universal externality, Journal of Economic Theory, 1975. From preference to happiness: Towards a more complete welfare economics, Social Choice & Welfare, 2003. Welfare Economics: Towards a More Complete Analysis, London: Palgrave/Macmillan, 2004, pp. xiii+355. Increasing Returns and Economic Efficiency, Palgrave/Macmillan, U.K., 2009 pp. xiii+200. 9. A new framework analysing the division of labour: Yang, Xiaokai [major contributor] and Ng, Yew-Kwang (1993), Specialization and Economic Organization: A New Classical Microeconomic Framework, Amsterdam: North Holland. 10. Environmental Economics: Optimal environmental charges/taxes: Easy to estimate and surplus-yielding, Environmental and Resource Economics, 2004 Consumption tradeoff vs. catastrophes avoidance, Climatic Change, 2011. Beyond Economics: 11. Providing a strong moral philosophical support for utilitarianism: Bentham or Bergson? Finite sensibility, utility functions and social welfare functions, Review of Economic Studies, 1975, pp. 545-570. Ng, Yew-Kwang & Peter Singer (1981). An argument for utilitarianism, Canadian Journal of Philosophy, 11: 229-239. 12. Proposing welfare biology: Towards welfare biology: Evolutionary economics of animal consciousness and suffering, Biology & Philosophy, Vol. 10, No. 3, pp. 255-285. 13. Solving the moral philosophical dilemma of optimal population: What should we do about future generations? The impossibility of Parfit’s Theory X, Economics and Philosophy, 1989, 5: 135-253. 14. Happiness studies: Happiness surveys: Some comparability issues and an exploratory survey based on just perceivable increments, Social Indicators Research, 1996, 38(1): 1-29. The East-Asian happiness gap, Pacific Economic Review, 2002, 7(1): 51-63. Environmentally responsible happy nation index, Social Indicators Research, 2008, 85:425–446. 15. Contributing towards the solution of the mystery of the origin of the universe and part solution to the problem of the lack of time on Earth for evolution: Complex niches favour rational species, Journal of Theoretical Biology, 1996, 179(4): 303-311. On the origin of our cosmos: A proposition of axiomatic cosmic consciousness, Journal of Cosmology, 2011, Vol 13, 3754-3764. How Did the Universe Come About? Axiomatic Evolutionary Creationism, Fudan University Press, 2011.
Asst Prof Nguyen Duc Quang	Dr. Nguyen Duc Quang is working in the area of Behavioral and Experimental Economics, Applied Microeconomics, Development Economics, Resources Economics and Demography. His research mainly focuses on Field Experimental Economics. He has conducted several field economics experiments on risk and time preferences, trust, and economics of identity
Assoc Prof Poh Eng Hin	Equity effects of tax reforms Tax/fiscal consciousness and perceptions Tax expenditure analysis
Assoc Prof Pradumna Bickram Rana	Asian economic development and integration Asian financial crisis Business cycle synchronization Early warning systems of currency and banking crisis Financial globalization and capital flows Policy reforms in transition economies Urbanization and urban poverty
Prof Quah Teong Ewe, Euston	Professor Euston Quah's area of expertise are Environmental Economics, Cost-Benefit Analysis, Law and Economics and Household Economics.
Assoc Prof Russell Arthur Smith	• Sustainable development and management in the services sector • Corporate Social Responsibility • Focus on hospitality and tourism in Asia • Internationally recognized expert on coastal tourism development and management
Asst Prof Shinichi Kamiya	Adverse selection, moral hazard and reputation
Asst Prof Stephen Geoffrey Dimmock	Portfolio Choice, Institutional Investors, Behavioral Finance, Endowment Funds
Asst Prof Suman Banerjee	My research examines the implications of market microstructure for corporate behavior. For both research areas the implications of the evolution of asset prices are important, but the microstructure implications have been largely missing from the existing corporate finance literature. Such an omission is unimportant if corporate finance models work well in the sense of explaining the observed behavior of firms, but this is not the case. The proliferation of anomalies and the changing cast of factors needed to explain even partial firm behaviors like dividend payments, all suggest that success is not yet within our grasp. I found that the existing corporate finance literature ignores the central fact that market microstructure focuses on: prices of assets that they issue to raise investible funds evolve in markets. Markets have two important functions- liquidity and price discovery - and these functions are important for asset pricing, and hence, for the corporations that issue the assets. My research link these to concepts to our more basic constructs of firm behavior, and I will suggest that corporate finance models need to be recast in broader terms to incorporate the transactions costs of liquidity and the risks of price discovery. I found that information is not symmetric nor is equilibrium revealing. The symmetric information-based corporate finance models do not work because they assume that the underlying problems of liquidity and price discovery have been completely solved.
Assoc Prof Tan Khye Chong	Population and the economics and mortality aspects of aging. Happiness studies with reference to life goals and aspirations.
Assoc Prof Tan Kim Heng	His research interests are in the theoretical foundations of fiscal and monetary policies.
Prof Tan Kong Yam	His research interests are in international trade and finance, economic and business trends in the Asia Pacific region and economic reforms in China. He has published five books and numerous articles in major international journals including World Bank Economic Review, American Economic Review, Long Range Planning, and Australian Journal of Management etc on economic and business issues in the Asia Pacific region. He served as board member at the Singapore Central Provident Fund Board (1984-96) and the National Productivity Board (1989-90). He has also consulted for many organizations including Citigroup, IBM, ATT, BP, ABN-AMRO, People's Bank of China, EDB, Areva, Guangdong provincial government, Samsung, Mauritius Government, Ministry of Trade and Industry, Mobil, Singapore Technology, Temasek Holdings, GIC etc.
Asst Prof Teo Gin Swee Ernie	INDUSTRIAL ORGANISATION: Network Externalities: In particular, Crowding Externalities, where an individual first experiences positive externalities, reaches a saturation point and negative (crowding) externalities sets in. (Think overcrowding in clubs.) Related topics: Herding behavior resulting in fads and trends. Also Networks and Spillovers. Location Theory: The optimal location of firms. How location equilibria can be affect by changes in consumer densities. How location can affect prices. Research on Interactive Digital Media (IDM), Internet and Communication: Pricing of Multiplayer Online Games: Examine the pricing strategies of Multiplayer online computer games. The industry is of interest as there are strong network externalities. Firms use pricing mechanisms such as two-part tariffs and sale of virtual items. I am also in research topics where strong network externalities exists such as Facebook and IPhone Apps. Capital Budgeting: Applying the Colonel Blotto Game of resource allocation to that of capital budgeting in corporations with multiple markets. Advertising competition with a budget constraint in multiple markets. Game Theory and Public Economics: Integration of Nations: Exploring the integration (merging) decisions of nations in a game theoretical setting. Why some countries choose to integrate and some do not. Implications of integration such as labor mobility and industrial policy. Conglomeration of firms and spillovers. Industry Clusters. Political Economy (Spatial Voting): How voting systems affect outcomes. Voting mechanisms and efficiency.
Assoc Prof Tiong Lee Kong, Robert	Areas of research interests: 1. catastrophe risk assessment and management 2. alternative risk transfer mechanisms and financing 3. catastrophe micro-insurance 4. sustainable development and systems, 5. impact of climate change, carbon finance and carbon emission reductions 6. integrated risk analysis
Asst Prof Walter Edgar Theseira	RESEARCH INTERESTS Applied Microeconomics (Empirical) Public Economics Industrial Organization Labor Economics WORKING PAPERS “Competition to Default? Racial Discrimination in the Market for Online Peer-to-Peer Lending.” “A Matter of Trust: Explaining Worldwide Pension Conversions” (joint with Kent Smetters) Research supported by the U.S. Social Security Administration grant: #10-P-98363-1-05 through the National Bureau of Economic Research as part of the SSA Retirement Research Consortium “Am I my Brother’s Firefighter? Social Capital and the Voluntary Provision of Local Public Goods.” CURRENT PROJECTS The Economics of the Voluntary Sector. 1: The Economic and Social Determinants of Altruistic Behaviors; 2: The Market, the Public Sector, and Altruism: Substitutes or Complements?
Assoc Prof Wang Qinan	His current research interests are focused in two areas: supply chain management and health care management. Specific research problems that are currently studied include (i) mechanisms and value of information sharing in coordinating decentralized supply chains, (ii) management of patient queues, (iii) (the development and application of) health utilities index systems, and (iv) issues such as quality control in manufacturing and health care settings.
Asst Prof Wang Wei Siang	Econometrics Stochastic Frontier Analysis Financial Market
Asst Prof Wei Chi Shen	Investments, International Finance, Liquidity and Institutional Investors
Asst Prof Wu Guiying Laura	My current research centres on structural estimation of the effects of investment frictions and capital market distortions on firms' investment and financing behaviours, and their implications on capital accumulation, aggregate productivity and economic development.
Assoc Prof Yip Sau Leung	Research Interest 1. International Monetary Economics 2. Foreign direct investments 3. Applied Econometrics in Economics, Finance and Management Studies 4. Exchange rate systems and macroeconomic policies in China, Singapore and Hong Kong Journal Papers 1. Tsang Eric W. K., Yip Paul S. L. and Toh M. H. 2008, The Impact of R&D on Value Added for Domestic and Foreign Firms in a Newly Industrialized Economy, International Business Review (United States), Vol. 53, No. 3. 2. Yip Paul S.L., Tan K.C., 2008, Impacts of Ageing Population on Monetary and Exchange Rate Management in Singapore, Singapore Economic Review (Singapore), Vol. 53, No. 2. 3. Tsang Eric W.K., Yip Paul S.L., 2008, Competition, Agglomeration, and Performance in Beijing Hotels, The Service Industries Journal (United Kingdom), Vol. 29, No. 2. 4. Tsang Eric W.K., Yip Paul S.L., 2007, Economic Distance and Survival of Foreign Direct Investments, Academy of Management Journal (United States), 50(5), 1156-1168. 5. Yip Paul S.L., 2007, China's Exchange Rate System Reform, Singapore Economic Review (Singapore), 52( 3), 363-402. 6. Yip Paul S.L., Tsang Eric W.K., 2007, Interpreting Dummy Variables and Their Interaction Effects in Strategic Research, Strategic Organization (Canada), 5(1), 13-30. 7. Yip Paul S.L., 2007, Editorial Overview: Important Lessons from Some Major Exchange Rate and Monetary Experiences in Asia, Singapore Economic Review (Singapore), 52(3), 269-283. 8. Yip Paul S.L., Yao S.T., 2006, Removing Foreign Direct Investment's Exchange Rate Risk in Developing Economies, International Review of Economics and Finance (United States), 15(3), 294-315. 9. Tse Y.K., Yip Paul S.L., 2006, Exchange Rate Systems and Interest Rate Behavior: The Experience of Hong Kong and Singapore, International Review of Economics and Finance (United States), 15(2), 212-227. 10. Yip Paul S.L., 2005, On the Maintenance Costs and Exit Costs of the Peg in Hong Kong, Review of Pacific Basin Financial Markets and Policies (United States), 8(3), 377-403. 11. Tse Y.K., Yip Paul S.L., 2003, The Impacts of Hong Kong's Currency Board Reforms on the Interbank Market, Journal of Banking and Finance (Netherlands), 27(12), 2273-2296. 12. Yip Paul S.L., 2003, A Restatement of Singapore's Monetary and Exchange Rate Policies, Singapore Economic Review (Singapore), 48(2), 201-212. 13. Yip Paul S.L., Wang R.F., 2002, Is Price in Hong Kong That Flexible? Evidence from the Export Sector, Asian Economic Journal (Japan), 16(2), 193-208. 14. Yip Paul S.L., 2002, A Note on Singapore's Exchange Rate Policy: Empirical Foundations, Past Performance and Outlook, Singapore Economic Review (Singapore), 47(1), 173-182. 15. Yip Paul S.L., Wang R.F., 2001, On the Neutrality of Exchange Rate Policy in Singapore, ASEAN Economic Bulletin (Singapore), 18(2), 251-262. 16. Yip Paul S.L., 1999, The Speculative Attack in Hong Kong Amid the Asian Financial Crisis, Asian Pacific Journal of Finance (Singapore), 2(1), 79-92. [Extended from an anti-crisis proposal against the speculative attack and interest rate hike in Hong Kong in 1997-98.] 17. Driver, D., Yip Paul S.L., Dakhil, N., 1996, Large Company Capital Formation and Effects of Share Turbulence: Micro-data Evidence from the PIMS Data Base, Applied Economics (United Kingdom), 28(6), 641-651. 18. Yip Paul S.L., Yeo H.H., Tan T.M., Tan C.H., 1996, The Asian Consumer Durable Market: With Special Reference to China, ASEAN Economic Bulletin (Singapore), 12(3), 380-396. Books 1. Yip Paul S. L., 2008, The Exchange Rate Systems and Policies in Asia, World Scientific. 2. Yip Paul S. L., 2005, The Exchange Rate Systems in Hong Kong and Singapore: Currency Board vs Monitoring Band, Prentice Hall.
Assoc Prof Yohanes Eko Riyanto	His general research themes are Applied Microeconomics, Experimental and Behavioral Economics, Industrial Organization and Corporate Finance and Governance.
Assoc Prof Zhang Huai	Valuation, earnings management and financial analysts.
Asst Prof Zhang Jipeng	Public Economics, Industrial Organization, Finance, Urban and Chinese Economy, Experimental Economics
Asst Prof Zhang Lei	Prof Lei Zhang's area of expertise is in empirical corporate finance. His current research works focus on mergers and acquisitions, capital structure, IPOs and financial intermediaries.
Asst Prof Zhang Xiaoling	Shopper Marketing, In-Store Decision-Making, Social Influence on Consumer Shopping Behavior, Salesperson-Customer Interaction, Bayesian Models, Analytical Customer Relationship Management, and Social Media
Asst Prof Zhou Jie	Life-cycle portfolio choice, pension plans and retirement savings, macroeconomic theory.

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