Academic Profile

Academic Profile

Assoc Prof James Ang

Associate Professor
School of Social Sciences
College of Humanities, Arts, & Social Sciences

Phone: (+65)65927534
Office: HSS-04-42

  • PhD (Econs) Australian National University 2007
  • M.Soc.Sc (Econs) National University of Singapore 2000
  • B.Sc (Econs) University of London 1998
James Ang is an Associate Professor of Economics at NTU. He holds a PhD in Economics from the Australian National University. Prior to joining NTU in 2014, he taught for several years at Monash University.

Personal Webpage:
Research Interests
His research has concentrated on how regions and countries can accelerate growth. It includes topics on innovative production, productivity trends, international diffusion of knowledge, human capital, quality of education, institutions, income inequality, financial development and liberalization, savings and investment, environmental pollution, and macroeconomic stability.

In particular, his research has focused on answering whether financial liberalization has an enhancing or retarding effect, which endogenous frameworks can best explain growth experiences of developing economies, and whether credit constraints, educational achievement and international knowledge spillovers play a role in ensuring sustained growth. His most recent research investigates how early historical development can have a persistent impact on shaping current economic performance for nations.

[Recent Publications]

• “Finance-led Growth in the OECD since the 19th Century: How Does Financial Development Transmit to Growth?” (with J Madsen) Review of Economics & Statistics (in press)
• “What Drives the Historical Formation and Persistent Development of Territorial States?” Scandinavian Journal of Economics (in press)
• “Export Performance of the Asian Miracle Economies: The Role of Innovation and Product Variety” (with J Madsen & P Robertson) Canadian Journal of Economics (in press)
• “What Drives Ideas Production across the World?” (with J Madsen) Macroeconomic Dynamics (in press)
• “Technology Adoption and the Transition to Agriculture” Economic Inquiry 53(4), 2015, pp. 1818–1838.
• “Imitation versus Innovation in an Aging Society: International Evidence since 1870” (with J Madsen) Journal of Population Economics 28(2), 2015, pp. 299-327
• “Innovation and Financial Liberalization” Journal of Banking & Finance 47, 2014, pp. 214-229
• “Quality-adjusted Human Capital and Productivity Growth” (with J Madsen & M Islam) Economic Inquiry 52(2), 2014, pp. 757-777
• “Financial Development and Barriers to the Cross-border Diffusion of Financial Innovation” (with S Kumar) Journal of Banking & Finance 39, 2014, pp. 43-56
• “Are Modern Financial Systems Shaped by State Antiquity?” Journal of Banking & Finance 37(11), 2013, pp. 4038-4058
• “Institutions and the Long-run Impact of Early Development” Journal of Development Economics 105, 2013, pp. 1-18 [Lead Article]
• “International R&D Spillovers and Productivity Trends in the Asian Miracle Economies” (with J Madsen) Economic Inquiry 51(2), 2013, pp. 1523-1541
Research Grant
  • Academic Research Fund Tier 1 (2016-) [by MOE]
  • Academic Research Fund Tier 2 (2017-) [by Ministry of Education (MOE)]
  • Start Up Grant (2015-)
Current Projects
  • Cultural Orientations and Long-term Comparative Economic Development
  • How Early Development Shapes Financial Development? The Roles of Culture and Institutions
  • State Capacity and Cultural Heterogeneity
Selected Publications
  • Madsen, J. & Ang, J. (2016). Finance-led Growth in the OECD since the 19th Century: How Does Financial Development Transmit to Growth?. The Review of Economics and Statistics, .
  • Ang, J. (2013). Institutions and the Long-run Impact of Early Development. Journal of Development Economics, 105, 1-18.
  • Ang, J. (2011). Financial Development, Liberalization and Technological Deepening. European Economic Review, 55(5), 688-701.
  • Ang, J. & Madsen, J. (2011). Can Second-Generation Endogenous Growth Models Explain Productivity Trends and Knowledge Production In the Asian Miracle Economies?. The Review of Economics and Statistics, 93(4), 1360-1373.
  • Madsen J., Ang J. & Banerjee R. (2010). Four Centuries of British Economic Growth: The Roles of Technology and Population. Journal of Economic Growth, 15(4), 263-290.

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