Housing and Land Economics, Health Economics, Public Finance, Happiness Economics, Social Security, Macroeconomic Theory and Policy, International Finance
Ph.D.(l98l) University of Toronto M.A.(l974) University of Toronto B.Soc.Sc.(Hon.)(l972) University of Hong Kong
Scholarships and Honours Lambda Alpha International Fraternity Scholarship in land economics (1976/77) University of Toronto Doctoral Fellowship, l975/76,74/75 Sir Robert Black Trust Fund Scholarship, l973/74 Bronze Bauhinia Star (BBS), conferred by the HK SAR Government, 2016
Professional Experience(Full Time) Jan 1998 to June 2015; September 1 2016 – now
Professor and Dean, Faculty of Business, Chu Hai College of Higher Education, Hong Kong, September 1 2016 – now
Professor, Department of Economics, Director, Centre for Public Policy Studies, Lingnan University(from November 1, 1995-June 30, 2015 ), and Chair, Institute of Humanities and Social Sciences, Lingnan University(2004/5, 2005/6, 2008-2009)
Chairman, Health and Safety Committee, 2008-2010; Admissions Officer, Social Sciences, 2009-2010; Convenor, Programme Assessment Panel, 2005-2006, Chair, RPSP, 2005/06; Convenor, Sexual Harrassment Investigation Panel, 2004, Had served as Department Head up to 2004 and Acting Dean of Social Sciences numerous occasions in 1996/97; member of Academic Board/Senate(up to Aug.2004), Staff Development Committee, Postgraduate Studies Committee, Examinations Committee, Academic Planning and Development Committee, Task Force on Research Centres, Task Force on Institutional Review, Director of Centre for Public Policy Studies; Advisory Board member for APIAS and for CAPS, and Advisory Board member for HK Institute of Business Studies, up to August 2011; Chairman, Catering Committee(2003-4), member of Academic Staff Review Committee(August 2004-5)
Senior Lecturer, Dept. of Economics, Chinese University of Hong Kong, Aug. 1993-Oct.1995(Lecturer, Sept. 1983-July 93)
Program Director of the Environmental Education, Policies, and Laws program of the Centre for Environmental Studies of the CUHK (June 1991-1995)
Board Secretary, Board of Studies in Economics, CUHK (August 1993-August 1995) ; Chairman, Library Committee, Economics Department (Sept. 1992-August 1993; Sept.-December 1994) ; Member of the Committee on Student Affairs, United College(l988 1991). Served on the Graduate Studies Panel, the Seminar/Lecture Committee, the Staff student Consultative Committee and the Executive Committee of the Board of Studies in Economics. Member of the Board of the Faculty of Social Sciences and a member on the Senate Committee on Final Scholastic Assessment. Member in the thesis committees of several M.Phil.students. External Supervisor of a Ph.D. student in HK Polytechnic University(Environmental Economics) Coordinator for the Policy & Management Group in the Project on Special Economic Zones and China’s Open Door Policy, Centre for Contemporary Asian Studies and convenor for the working group on social services, Centre for Hong Kong Studies(1984-85). Coordinator for United College in economics from l983 to l988.Program Director of the Environmental Education, Policies, and Laws program of the Centre for Environmental Studies of the CUHK (June 1991-1995)
Research Officer, Ontario Economic Council, Toronto, August l98l August l983 (Principal area: industrial policy)
Responsibilities include research, managing projects commissioned by the Ontario Economic Council, liaison with prospective researchers for OEC projects, preparation of research solicitation documents
Economist, Economic Policy Branch, Ministry of Treasury & Economics, Queen’s Park, Toronto, Sept.l979 August 1981
Responsibilities include economic forecasting and policy simulation, preparation of briefing notes, and policy advice. Research areas included inflation and unemployment, manpower policies, energy, inter governmental relations, etc.
Demonstrator in Economics, University of Hong Kong, July 1, 1972 to June 30, 1973
Professional Experience(Part Time), July 2015-Aug.2016
Adjunct Professor, Economics Department, Lingnan University Senior Research Fellow and Consultant, Pan Sutong Shanghai-Hong Kong Economic Policy Research Centre, Lingnan University Affiliate Fellow, Centre for Public Policy Studies, Lingnan University
List of Publications
Refereed and Professional Journals (47+1 items) Macroeconomics, International Finance, and the Global Economy (17 items)
“Globalization, Exports, and Effective Exchange Rate Indices,” Journal of International Money and Finance. 31 996–1007
“Letter: Comment on Glaeser”, Economists’ Voice, Vol. 6, Issue 3, pp. 1 -2, Berkeley Electronic Press, February.
“Letter: The Bailout and What Next,” The Economists’ Voice: 5(5) Article 16. Available at: http://www.bepress.com/ev/vol5/iss5/art16
“Guarding against Housing Price Bubbles”, Strategic Innovators, Vol. 2, Issue 1, pp. 44 2-48, Indian Institute of Panning and Management, December.
“A Proposal to Stop the Fear-Fear Spiral”, India Economy Review, Vol. 5, Issue December, pp. 156 -159, IIPM Thinktank.
“The Nexus between Housing and the Macro economy: The Hong Kong Case,” Pacific Economic Review, (with Gary Wong), 13(2) 223-239.
“Global Capitalism certainly Needs Governance”, Business and Economy, pp. 70 -70, Indian Institute of Planning and Management, Oct
“The Role of Fiscal and Monetary Policy” Pacific Economic Review, 11(1), February, 121-127.
The Effect of Outward Processing Trade on Wage Inequality: The Hong Kong Case (with Xiangdong Wei and Wai Chung Wong), Journal of International Economics.67, 241-257.
“The World Currency Unit and the Global Indexed Bond,” The World Economy, Vol.23, no.7, 939-950.
“Country of Origin Rules: Its Origin, Nature, and Directions for Reform” Pacific Economic Review(UK), Vol. 3, No. 2, June, 161-166.
“Hong Kong in the 21st Century,” New Asia, (Korea: Yoido Society for New Asia), 4(2), 88-98.
“Regional Balance of Payments: an Interpretation,” Regional Studies(U.K.), Vol. 27, no.5, 1993, pp.457-466.
“A Proposal for an Adaptive Linked Exchange Rate System,” Hong Kong Economic Papers, 20:89-96.
“Government Deficit Financing and Stabilization,” Journal of Economic Studies (U.K.),Vol.15, no.5, 1988, pp.34-44.
“Productivity-based Real Incomes Policy,” Journal of Economics and International Relations, Vol.l, No.4, pp.343-353.
“The Underlying Inflation Rate: a note,” Atlantic Economic Journal, March.
Public Policy, Justice, and Welfare (14 items)
Tax Reform for a Fairer, More Vibrant Economy, Modern Economy, Vol.7 no.8, July. (with Tianle Zhang)
What Accounts for the Decline of Happiness of Children with Age: A Hong Kong Case Study, forthcoming, Pacific Economic Review
The Other Hong Kong Report, HK: Chinese University of Hong Kong Press, (with Po King Choi).
The Long Term Prospects of the Chinese Economy (joint editor with K.Ishihara, Chang Qing, and Charng Kao) Tokyo: Institute of Developing Economies.
Economic Development in Chinese Societies: Models and Experiences, Hong Kong University Press, 1989(joint editor with Y.C.Jao and Victor Mok).
Monographs (4 items)
Hong Kong’s Economic Crisis and Misguided Housing Policy, HKIAPS Occasional Paper.(Chinese University of HK)
International Labour Migration: the case of Hong Kong, HKIAPS Occasional Paper (with P.W.Liu and K.C.Lam), Chinese University of Hong Kong.
Retirement Benefit Programs: Analysis and a Proposal for Hong Kong, Hong KongInstitute for Asia-Pacific Studies, Chinese University of Hong Kong, Occasional Paper(With J.J.Lee and J.P.Leung).
A Proposal for Deposit Insurance in Hong Kong, Hong Kong Institute for Asia-Pacific Studies, Chinese University of Hong Kong, Occasional Paper.
Contributions to Books (54 items)
Hong Kong Studies (27 items)
Hong Kong, The Far East & Australasia 2009, Europa/Routledge, pp.287-295
Hong Kong, The Far East & Australasia 2008, Europa/Routledge, pp.
Hong Kong Economy, in The Hong Kong Special Administrative Region in its First Decade, Joseph Cheng(ed.) City University of Hong Kong Press, pp.327-362.
Housing as a Mover of the Domestic Economy, in Joseph Cheng, The July 1 Protest Rally: Interpreting a Historic Event, City University of HK Press.
“In Search of Excellence – An Introduction to the Volume” in Ho, et.al.(eds) Education Reform…
“Education Reform: A Socio-Economic Perspective,” in Ho, Morris, and Chung(eds.) Education Reform
“The Way to Build World Class Universities in Hong Kong,” in Ho, Morris, and Chung(eds.) Education Reform…
“Education Reform in Hong Kong: What are the Lessons” in Ho, Morris, and Chung(eds.) Education Reform…
“Policy Blunder of the Century Threatens Hong Kong’s Economic Future,” in Lau Siu Kai(ed.) The First Tung Chee Hwa Administration: the First Five Years of the Hong Kong Special Administrative Region. HK: Chinese University of HK Press
“The Political Economy of the HKSAR’s Fiscal Policy,” in Joseph Cheng(ed.) Political Development in the HKSAR, HK: City University of Hong Kong Press. 165-182.
“Hong Kong in the Midst of a Currency Crisis,” in Hong Kong: the Superparadox: Life after Return to China, edited by James Hsiung, NY: St.Martin’s Press
The Rise and Fall of the Hong Kong Economy,” The Other Hong Kong Report 1998, HK: Chinese University of HK Press, pp.139-153.
“The Political Economy of Labour Market Policies” in Managing the New Hong Kong Economy (ed. by David Mole), New York: Oxford University Press, 76-94.
“Inflation: New Risks for the Hong Kong Economy,” in The Other Hong Kong Report, HK:CUHK Press, pp.183-195.
“The Economy,”(in Chinese) in Graphic Trends: Hong Kong, HK: Commercial Press, pp.28-49.
“The Economy,”(in Chinese/and separately in English with title Hong Kong in Focus) in Graphic Trends: Hong Kong, HK: Commercial Press, 1993, pp.23-26.
“Economics of social security,” Hong Kong in Transition, One Country Two Systems Economic Research Institute (in Chinese) 1993, pp.582-593.
“International Labour Migration: the Case of Hong Kong” (with P.W.Liu andK.C.Lam), International Labour Migration in East Asia, Tokyo: United Nations University.
“Towards Better Deposit Protection for Hong Kong,” in Y.C. Jao (ed.)Deposit Insurance: Issues and Evaluation, Hong Kong: The Chartered Institute of Bankers, July, pp.39-51.
“The Purpose and Nature of Social Security” (in Chinese), in The Future of Social Welfare, edited by the Federation of Hong Kong Social Work Students(1992).
“Labour and Employment” in The Other Hong Kong Report, pp.197-212, Chinese University Press, ed. by Joseph Cheng and Paul Kwong.
“Economic Cooperation between China and Hong Kong,” in Collected Essays from the Conference on Beijing-Hong Kong Enterprise Development, September(in Chinese)
“Labour and Employment” in The Other Hong Kong Report, Chinese University Press, ed. by Y.W.Sung and M.K.Lee.
“The Role of the Government and the Vigor of the Private Sector,” in Joseph Cheng(ed.) Creating a New Era for Hong Kong,H.K.:Breakthrough, 1991(in Chinese)
“The Role of Government”, in Reiitsu Kojima(ed.) Focus on Asia: Industrialisation of Hong Kong, Institute of Developing Economies, Tokyo, l989(in Japanese).
“The State of the Economy,” in T.L.Tsim and Bernard Luk(ed.)The Other Hong Kong Report, Chinese University of Hong Kong Press, pp.63-98.
“The Hong Kong Economy: a l985 Review,” in Kwan & Chan(ed.)Hong Kong Society: A Reader, Hong Kong: Writers & Publishers Co-operative, pp.45-69.
China Studies (13 items)
“A Sustainable Currency Regime for Hong Kong and the Mainland,” in Lok Sang Ho and Robert Ash(eds.) China, Hong Kong, and the World Economy: Studies on Globalization, Palgrave-Macmillan, 101-118.
“China’s Road to Exchange Rate Liberalisation,” in Joseph Cheng(ed.) China in the Post-Deng Era, Chinese University Press, 453-470.
“Fiscal Relations between Shanghai and the Central Government,”(with K.Y.Tsui)in Yue-man Yeung and Yun-wing Sung(ed.): Shanghai: Transformation and Modernation under China’s Open Door Policy, HK: Chinese University Press, pp.153-169.
“An Exploration of Fiscal Relations between Shanghai and Central,” in Pan MinShang, Sung Yun-wing, Dong Xinbao, and Yu Zhong Gen(ed.) Hu Jing Gang Zhuanjia Zhonglun Shanghai Fazhan(Shanghai’s Development: Views of Experts from Shanghai, Beijing, and Hong Kong), Shanghai People’s Press, pp.118-128.
“Environmental Management in South China,” in Wong, Chu, Chen, and Ma(ed.) Environmental Research in Pearl River and Coastal Area, Guangzhou: Guangdong Higher Education Press.
“Financial Restructuring” in China Review 1994,(ed. by Lo Chi-kin and Maurice Brosseau, HK: Chinese University Press, 1994,pp.10.1-10.15.
“Central-provincial fiscal relations” in Joseph Cheng and Maurice Brossau(ed.) China Review, CUHK Press.
“China and Hong Kong: Economic Partnership”, (with Y.W.Sung), in The Chinese Economy in the 1990s, the Institute of Developing Economies, Japan, pp.77-88.
“An Evaluation of China’s Monetary System & Policy,” co-authored with He Xiang-wei of Beijing, in Yu Jing-yuan, Shi Ruo-hua, and Hsueh tien-tung(ed.) Economic Reform and Development in China, Hong Kong: Chinese University Press(N.Y.:St Martin’s Press) (Chinese version pubished by Commercial Press in Beijing, 1990) pp.63-76.
“A Mathematical Model of China’s Monetary System,” co-authored with He Xiang-wei, & He Lin, ibid.,pp.76-93.
“Introduction,”(with Y.C.Jao and Victor Mok) in Jao, Mok, and Ho(ed.) Economic Development in Chinese Societies: Models and Experiences, HK University Press.
“Whither China’s Foreign Exchange Controls?” in Joseph Cheng(ed.)China: Modernization in the l989s, H.K: Chinese University of Hong Kong Press; N.Y: St.Martin’s Press, l989, pp.461-494.
Others (16 items)
“Introduction: Democracy and Governance,” in Public Governance in Asia and the Limits of Electoral Democracy, edited by Brian Bridges and Lok Sang Ho, Edward Elgar.
“Public Governance and the Ideal of Party-less Democracy,” in Bridges and Ho, ibid.
“Conclusions,” in Bridges and Ho(ed.) ibid.
“The World Currency Unit: A Primer,” in A Single Global Currency: Perspectives and Challenges, edited by Jayshree Bose, Icfai University Press, India, 249-258.
“Introduction: Happiness as the Only Ultimate Objective of Public Policy,” in Happiness and Public Policy: Theory, Cases, and Implications, edited by Yew-Kwang Ng and Lok Sang Ho, Palgrave Macmillan, 47-66.
“The Three Happinesses and Public Policy,” in Happiness and Public Policy: Theory, Cases, and Implications, edited by Yew-Kwang Ng and Lok Sang Ho, Palgrave Macmillan, 47-66.
A WCU-based Currency Board as a Sustainable Exchange Rate Regime, in Asian Economic Dynamism in the Age of Globalization, edited by Edward KY Chen, Anne Androuais, and Louis Augustin-Jean, Centre for Asian Pacific Studies, Lingnan University, Hong Kong
“The Logistics Industry in Hong Kong,” in Hong Kong in Focus: Political and Economic Issues, (with Thomas Voon), edited by S.G.Rioni, Nova Science Publishers.
“Introduction,” in Exchange Rate Regimes and Macroeconomic Stability, pp.1-5.
“Bringing about realistic exchange rates: a post-Asian Financial Crisis Perspective,” pp.133-144 in Ho and Yuen(ed.) Exchange Rate Regimes and Macroeconomic Stability. Boston: Kluwer Academic Publishers.
“An Exploratory Essay on the Economics of Chinese Medicine,” in Frank Fu(ed.) Chinese Medicine in Modern Society, HK: HK Baptist University(a refereed publication of the Dr. Stephen Hui Research Centre for Physical Recreation and Wellness, pp. 22-28.
”Realistic Exchange Rates: A Post-Asian Financial Crisis Perspective” in James Hsiung and Brian Bridges(ed.) 21st Century & the Asia Pacific, NY: Palgrave.329-339
“A Multiple Country Rule of Origin to Help Resolve Trade Disputes,” (in English) in Y.Y.Kueh and Zheng Wei-min(ed.) Economic Globalization and Sino-American Trade Relations(Jingji Quanqiuhua yu Zhong-mei Jingmou Guanxi), Beijing: Social Science Literature Publishers(Shehui Kexue Wenxian Chubanshe).
“Is there a link among Confucianism, institutions, and economic performance?”(with T.B.Lin) in Confucianism and Economic Development, ed. by Tzong-shian Yu and Joseph Lee, Taipei: Chung-Hua Institution for Economic Research, pp.345-367.
“Government Policy for the Taxicab Industry,”(in Chinese) in L.C.Chau and Y.C.Tse(ed) A New Perspective on Economics(Jingjixue Xinlun), HK: Commercial Press.
“Foreword,” in John Naisbitt and Patricia Aburdene, Megatrends 2000, Publications(Holdings)Ltd.
Book Review, Conference Proceedings, and Working Papers (4 items)
Book Review of Y.C.Jao “The Asian Financial Crisis and the Ordeal of Hong Kong. By Y. C. Jao. Westport: Quorum Books, 2001, in China Quarterly, Volume 171, September, 2002, pp.741-779.
“How Hong Kong and China can step up their economic relations”, in Jinggang Qiye Fazhan Yantaohui Lunwenji( Collected essays from the Beijing Hong Kong Conference on Enterprise Development, Beijing, 1992.(In Chinese)
“Is there a link among Confucianism, institutions, and economic performance?”(with T.B.Lin) Proceedings on Conference on Confucianism and Economic Development in East Asia, May 29-31, l989, Chung-Hua Institution for Economic Research, Taipei, Taiwan, pp.477-499.
Book Review: The Hong Kong Bank in Late Imperial China 1864-1902, On an Even Keel, by Frank King(Cambridge University Press), 1988, Journal of Oriental Studies, Vol.XXVI, No.l, pp.152-156.
Commissioned Studies (49 items)
“Hong Kong’s Long Term Competitiveness”, commissioned by the Savantas Institute
The Logistics Industry: A Review, commissioned by the Qianhai Institute for Innovative Research.
“Development Directions of Tuen Mun,” commissioned by Tuen Mun District Council and Hong Kong Women Development Association(Tuen Mun)
“Development of Children from Formative Years to Teens: the Role of Family, Schools, and Peers in Nurturing Happy and Healthy Individuals.” Early Childhood Development Research Foundation.
“Development of Children from Formative Years to Teens: the Role of Family, Schools, and Peers in Nurturing Happy and Healthy Individuals.” Early Childhood Development Research Foundation.
“ING On-line Happiness Study” ING Insurance.
“Healthcare Financing: Survey of ACCA members in HK,” ACCA.
“A Study of the Talent Gap in the Financial Industry, HK Securities Institute.
“A Study of Unemployment in Tuen Mun”, Tuen Mun District Council.
“A Review of HK’s Tax System: Survey of ACCA members,” ACCA
“Hong Kong” in Asian Development Outlook, Asian Development Bank.
“Hong Kong” in Asian Development Outlook, Asian Development Bank.
Advice on Land Economics in Linear City Project, KCRC, KCRC and the Chinese University of HK
“Recovering from a Deep Recession: Hong Kong 1999-2000” United Nations Development Program, Beijing Office.
The Logistics Industry in Hong Kong: Is there a case for government support? IC Surveyors Ltd./Kerry Logistics(with Thomas Voon)
“Return to Education,” commissioned by the Education Commission(with Dr. Xiang-dong Wei, and others)
“Study of Economic Aspects of Effects of Ambient Air Pollution on Health,” Advisor to EHS Consultants Ltd. on a project awarded by the Environmental Protection Department.
“The Future of Hong Kong’s Agriculture,” commissioned by the Agriculture and Fisheries Department via HK Polytechnic University.(Chapter on Land Use and Environment)
“Impact of Construction Labour Shortage on Hong Kong,” with Thomas Voon, commissioned by the HK Construction Association.
“Age Discrimination in Employment,” Commissioned by Education and Manpower Branch with Wei Xiang-dong),April.
“Economic Outlook, Hong Kong 1995-97” Asian Development Bank.
“An Economic Analysis of Continuing Education: Costs, Benefits, Trends, and Issues (with P.W.Liu and Y.P.Chung, sponsored by the UPGC), August 1994.
“The Hong Kong Economy: 1994-96,” 1994(for Asian Development Bank Asian Outlook Workshop, Manila, October.
“The Hong Kong Economy: 1993-95,” 1993(for Asian Development Bank Asian Outlook Workshop, Manila, October.
“The Hong Kong Economy: 1992-94,” 1992(for Asian Development Bank Asia Outlook Workshop, Manila, November.
Research Associate, project on Hong Kong economy as commissioned by Institute of Developing Economies, Japan
“A Study on Hong Kong Tax Policy”(119 pages), with Edward K.Y.Chen & Shu Hung Tang, 1987(consultancy report for HK Society of Accountants).
Research Papers Completed Since 1995
Policy-Driven Housing Cycle: The Hong Kong Case of Supply Intervention, with Gary Wong, submitted.
Government Spending and Happiness, with Yew-kwang Ng, submitted.
Economic Mobility across Cohorts in Hong Kong, with Willy Huang. to be submitted
The World Currency Unit: a Synthetic International Unit of Account, to be submitted.
Tax Reform:Toward a More Efficient Tax Regime (with Tianle Zhang)
Turnover demand, Reservation demand and Supply Dynamics of Private Housing Market in Hong Kong (with Gary Wong)
“The Three Happinesses: Evidence from Hong Kong”(published as book chapter)
“Excessive Burden Insurance, Fee Reduction Insurance, And Medisave: A Comparison”(incorporated in published book)
“The Ladder Effect and Hong Kong Housing Market’s Boom and Bust Cycle”(with Gary Wong, published as journal article)
Universal Fully Funded Pensions versus Individualized Retirement Savings Accounts: A Comparison of Fully-Funded Pension Options(with Stuart Wilson) (unpublished)
“An Alternative Roadmap to Middle East Peace.” (published as working paper)
“Globalization, Unemployment, and Excess Capacity: A Model and a Conjecture”(working paper)
“The Insurance Value of Road Pricing” (working paper)
“A Long Term Monetary Strategy for Hong Kong and China”(working paper)
“Ex Ante Welfare Maximization and Road Pricing” (with Pun Wing-chung, working paper)
“Congestion Pricing and the Value of Time” (with Pun Wing-chung, working paper)
Conference, Forum, and Seminar Presentations
Panelist on HK Institute of Certified Public Accountants’ Annual Budget Commentary Forums, 2014/15; 2015/16, and 2016/17. Latest one: Feb 24 2016, HKICPA Training Centre, 6:30 to 8:30 p.m. (with Kenneth Leung, Simon Lee, and Curtis Ng; moderated by Anthony Tam)
Press Conference on Hong Kong’s Happiness Index 2015, held at 22/F, Tower 1, New World Tower, 18 Queen’s Road Central, Hong Kong – Room A 30 November, 2015 (Monday)
Presented a paper on Cultural Factors for the One Silk One Road Strategy to be Successful, held at Zhongshan University. “国家‘一带一路’战略：港澳台与亚太地区的机遇与挑战”研讨会, 港澳与内地合作发展协同创新中心及中山大学港澳珠江三角洲研究中心主辦. 2015年12月5日December 5 2015:
RTHK Interview on Straight Talk with Michael Chugani: 2015.12.08 – (中文字幕) 第41集 為何分裂的政治使香港成為一個不快樂之地? http://mytv.tvb.com/tc/cat_news/straighttalk/224866 December 8 2015
Made a Presentation at the Press Conference for the Release of Macau’s Annual Happiness Index, hosted by the Macau Economic Association, held at the Macau Polytechnic University, Macau December 14 2015.
Served as Discussant for 3 papers in the Annual Conference Organized by the Shanghai-Hong Kong Development Institute, Chinese University of HK and Co-organized by Economic Research Centre, HKIAPS, on: “One Belt One Road: Opportunities of Development for Shanghai and Hong Kong” December 15 2015
“Financial Crises and the US Dollar: How a reform of the international monetary regime will contribute to a more stable world: a post global financial tsunami perspective,” presented in CHANGING GLOBAL LANDSCAPE—TAILING EFFECT OF THE FINANCIAL CRISIS organized by PECC and Trade and Industry Department, HKSAR Government, March 6 2012
“The Economic Implications for the entire Society with Children living in Poverty,” presented at the Professional Forum on Child Health: Poverty and Child Health in the 21st Century in HK, organized by HK Paediatric Foundation, March 19 2013, Lecture Theatre M Block, Queen Elizabeth Hospital.
“預算案論壇: 公共理財之道”, organized by Synergynet, panel member on “What fiscal reform does Hong Kong Need,” March 2 2012. City University of HK.
“Measuring Happiness in Hong Kong,” CITIES, HEALTH AND WELL-BEING URBAN AGE CONFERENCE, HONG KONG, 16-17 NOVEMBER 2011 Organised by the London School of Economics and Deutsche Bank’s Alfred Herrhausen Society in partnership with the University of Hong Kong.
“Designing a Public Policy Program in Institutions of Higher Learning,” Journal of Comparative Policy Analysis International Workshop, Shih Hsin University, Taipei, June 5-6, 2009.
“The World Currency Unit: Implications for Financial Markets, Commodity Markets, and Research, Shanghai Forum 2009, Fudan University, May 12, 2009.
“The World Currency Unit: Implications for Financial Markets, Commodity Markets, and Research,” ASSA/CEANA Joint Session at the ASSA Meetings in San Francisco 2009, January 2-4 2009.
“The first step on the housing ladder: A natural experiment in Hong Kong,” HK Economic Association Biennial Meeting, Chengdu, 15-16 December 2008
“Happiness Studies in Hong Kong,” 上海財經大學舉行“滬港兩地市民生活幸福指數暨生活滿意度”的專題研討, Sept 30-Oct 1 2008.
“Future of RMB,” 上海財經大學及上海社會科學院專題研討, HK Economic Association Delegation to Shanghai, Sept 30-October 1, 2008.
“善用世界貨幣單位有利金融市埸穩定”, Conference hosted by Nankai University on Financial Economy 南開大學第五屆虛擬經濟研討會, 26 September to 30 September, 2008.
“Strategic Regional and National Economic Development with Fiscal Equalization,” paper presented at Shanghai Forum, Fudan University, May 25-27, 2008 Shanghai
“The World Currency Unit: How it May Contribute to Commodity and Financial Market Stability: a website launch presentation,” Foreign Correspondents’ Club, Hong Kong Economic Association, April 30, 2008.
“Guarding against housing price bubbles: Lessons from the Subprime Debacle,” presented at the 5th China America Economic Relations conference, organized by the HKIBS, CASS, and the China-America Economic Association and Chu Hai College, Hong Kong, April 24-27, 2008.
“A Sustainable Currency Regime for East Asia” CEANA-American Economic Association meeting Jan 4-5 2008, New Orleans
“Monetary conditions in Japan and the US,” Western Economic Association conference in Seattle in July 2007
“Monetary conditions in Thailand and the Asian Financial Crisis,” Asia Pacific Economic Association conference in HK in July 2007
“Life as Universal Religion,” IHSS Conference on “Spirituality, Happiness, and Culture” conference 22 June 2007(jointly organized with the Chinese University, the Baptist University, HKU, and HKIEd.
“What is a Healthy University Culture,” presented at the Healthy University conference in HK 8-10 March 2007, organized by the Chinese University of HK.
“The Costs and Benefits of Preserving Collective Memory,” presented at the IHSS Conference on Korea held 30-31 May 2007
“The Nexus between the Macroeconomy and Housing,” presented at the Macro- Housing Workshop August 2003, jointly organized by the Centre for Public Policy Studies and the Chinese University of Hong Kong.
Presented a talk on “A Cohort-based Fully Funded Pension Program” at the Pension Forum, organized by HK Council of Social Service, Synergy Net, and the Joint Alliance for Universal Retirement Protection, December 2, 2006.
Presented paper: “The Three Happinesses: Evidence from Hong Kong,” at the International Symposium on the Well-Being of Nations – A Cross-Cultural Dialogue, Graduate Institute of Philosophy, National Central University, Taipei, Taiwan, November 5-6, 2006
Presented paper: “Global Imbalances: Insight from a Monetary Conditions Index,” international conference on “Adjustment of Global Imbalance: Macroeconomic Policies and Institutional Reform” Central University of Finance and Economics (CUFE), Beijing, October 24-25, 2006.
Presented paper: ““Representation and Democracy: What Have We Learnt” International Interdisciplinary Conference on “Lessons from History”, June 9-10, 2006, IHSS, Lingnan University(also organizer)
Presented paper: “Happiness and Public Policy,” at the conference on Progress, Happiness, and Public Policy, organized by the Institute for Humanities and Social Sciences and Centre for Public Policy Studies, June 24-25, 2005.
Presented paper: “The World Currency Unit: A New Anchor for East Asian Economies,” conference on “New Monetary and Exchange-Rate Arrangements in East Asia.” Bellagio, May 22-27, 2006, organized by George M. Vonfurstenberg, funded by Rockefeller Foundation.
Presented a talk on “Risks and Opportunities in China,” Citi Group briefing for investors, Hyderabad, May 4, 2006,
Presented a paper on “Alternative Policy Options to Help the Working Poor,” International Symposium on the Working Poor, May 13, 2006(coorganized by Oxfam and Centre for Public Policy Studies, Lingnan University)
Presented a talk on Corporate Social Responsibility in a Globalized World at the Fair Trade and Corporate Social Responsibility session, Hong Kong Trade and Development Symposium, organized by the HK Peoples’ Council for Sustainable Development and the HK Council of Social Service in collaboration with International Centre for Trade and Sustainable Development, 15th December 2005 (Thursday) Hong Kong Exhibition Centre
Spoke at Innovation Expo 05 Forum: “Industrial Revolution in the 21st Century: HK’s new industrial future” HK Convention and Exhibition Centre, organized by the Productivity Council, September 29, 2005.
Served as discussant on “Optimal Currency Basket for Asia,” in Asian Economic Panel Meeting, Keio University, Tokyo, March 6-7, 2005. Sponsored by the Earth Institute, Columbia University,Keio University and Korea Institute for Internatonal Economic Policy.
Served as discussant on “Japan’s Fiscal Policy,” in Asian Economic Panel meeting, The Earth Institute, Columbia University, October 8-9, 2004.
Presented a paper on “The Nexus between Housing and the Macroeconomy, ” and another on “New Monetary Rules” at the Western Economic Association International Conference, July 11-15, Denver 2003.
Presented a paper on “The HK Fiscal System as a Model of the Henry George Single Tax” at the WEAI Pacific Rim Conference, Taiwan, January 9-12, 2003.
Spoke on Privatization of the Hong Kong International Airport, November 20, 2003, HK General Chamber of Commerce, HK Convention and Exhibition Centre.
Spoke on “How to Sustain the Recovery of the Property Market,” Organized by Metro Finance Radio and HKEA, September 27, 2003.
Spoke on “How to Help the Negative Equity Homeowners” Organized by Whampao Residents Association. September 27, 2003.
Presented a paper on “Education Reform in Hong Kong: the Ideal versus the Reality about Competition,” HK Educational Research Association International Conference 2002, December 20-21, 2002, Chinese University of HK.
Presented a paper on “The Volatility of Macroeconomic Fundamentals under Alternative Exchange Rate Regimes,” at the 77th Annual WEAI Conference at Seattle, 2002.
Presented a paper on “The Impact of Housing Policy on the Economy: Hong Kong as a Case of Study,” at the American Real Estate and Urban Economics Association Conference, Cancun May 6-8, 2001.
Served as Discussant on “Real exchange rate changes and the impact of US trade on China” at International Conference Greater China and the WTO, organized by the City University of Hong Kong March 24-26, 2001
Presented a paper on “Economic Ecology: the Case of Hong Kong,” at the Western Economic Assn. International Conference at Vancouver, June 29-July 3 2000.
Presented a paper on “Savings Instruments, Bubbles, and Financial Crises,” Workshop on 21st Century World Order and the Asia Pacific, Lingnan University, 7-8 April 2000.
Presented a paper on “The transition to a multiple country of origin rule,” International Conference on Global Production: Specialization and Trade, organized by the Centre for Asian Pacific Studies, Lingnan University, Centre for Economic Development, HKUST, Graduate Institute of International Studies, Geneva, and HK Trade Development Council.2000
Presented a paper on “Toward a New Monetary Order: The World Currency Unit and the Global Indexed Bond,” at the Western Economic Assn. International Conference in San Diego, July 6-10, 1999.
Presented a paper(jointly with Gary Wong and Xiang-dong Wei) on “Changes of Wage Differentials by Skills and Education Qualifications in Hong Kong,” at Conference on Development and Inequality: East and West, organized by the CPPS and the Royal Holloway College, November 11—12 1998.
Served as speaker on “Retargeting the Needy and Revitalizing the Able,” at the ICSW 70th Anniversary Seminar on “Balancing Economic and Social Development- A Renewed Ideal amidst Economic Downturn,” co-organized by the HK Council of Social Service and the International Council on Social Welfare, 18 December 1998.
Served as speaker in the session “Coping with the Crisis: Greater China and its Neighbours” at the conference on “Withstanding the Financial Storm: Taiwan, Hong Kong, and Mainland China,” a roundtable co-sponsored by the Brookings Institution and the Institute for National Policy Research, Taipei at the Brookings Institution, Washington DC USA on 26 October 1998; also in the Symposium on Taiwan, Hong Kong, and Mainland China in a Changing Strategic and Economic Context cosponored by East Asian Institute, Columbia University and Institute for National Policy Research, held at Columbia University, USA, on 28 Oct 1998; and the Symposium cosponsored by the Hoover Institution, Stanford University and the Institute for National Policy Research on 29 October 1998.
Served as discussant at conference entitled “Developments in Social Policy for Elderly People: Hong Kong and International Perspectives,” which was organized by the Asia-Pacific Institute of Ageing Studies, Lingnan College on Nov.30, 1998
Presented a talk on “The Asian Financial Crisis and Economic Security,” at the First Millennium Dinner organized by the HK Society of Asia & Pacific 21 and the Hong Kong Institute of Business Studies, Lingnan College, Oct.13 1998.
Presented a talk on “How to Revive the Hong Kong Economy,” at the Public Forum organized by the Hong Kong Economic Association with the HK Public Policy Research Institute, Convention Centre, October 8, 1998.
Presented a talk on “Health Care Financing: a Model for Hong Kong” in Seminar on Hong Kong Health Care Financing, Sept. 29(Tuesday) HK Council of Social Service held at Windsor Building, 2:30 p.m.
Presented a talk on “Alternative Modes of Financing Elderly Care: Ability to Pay, User Pays, and Self-financing” Conference organized by the HK Society for the Aged on the 20th Anniversary of the Society, October 31, 1997.
Presented a paper on “Bubbles, Speculation, and the Housing Market in Hong Kong,” presented at the Asian Real Estate Society Conference at HKU on October 21, 1997.
Presented a paper on “Long Term Monetary Strategy for HK and China,” at the Chinese University of Hong Kong, October 17, 1997.
Presented a paper on “A Multiple Country of Origin Rule,” Pacific Economic Cooperation Council XII Meeting, Santiago, Sept.29-Oct.2, 1997.
Presented a paper on “Poverty: What and What Not to Do in Policy,” presented at the Social Welfare Development into the 21st Century Conference organized by the HK Council of Social Service, HK Polytechnic University, September 24, 1997
Presented a paper on “Long Term Monetary Strategy for Hong Kong and China,” at International Conference on the Economic Development and Transformation of the East Asian Economies, Chinese University of Hong Kong and Journal of International Trade and Development, July 27-28 1997.
Presented a paper on Health Care System: the Case for Change,” in a conference on Health Care Financing and Delivery organized by the HK Society of Health Service Executives, January 7 1997.
Presented a paper on “Outlook of the Hong Kong Economy for 1997,” PEO Forecasters Meeting organized by PECC , March 17-18, 1997, Osaka.
Presented a paper on Hong Kong in the 21st Century,” International Symposium on
the East Asia Region, Okinawa, Okinawa Economic Assn. 22-25 Feb. 1997.
Presented a paper on “Wage Subsidies as a Labour Market Policy Tool,” in 3rd Asian Regional Congress, International Industrial Relations Association, Sept. 30-Oct.4 1996, Taipei, Taiwan.
Presented a paper on “Institutional Foundations of a Just Society,” in 8th Annual Conferene of the Society for the Advancement of Socio-Economics, University of Geneva, 12-14 July 1996.
Presented a paper on “A Universal Fully Funded Pension Scheme,” 2nd Biennial Pacific Rim Allied Economic Organizations Conference, organized by Western Economic Association, Jan. 10-15, 1996, Hong Kong
Presented a paper on “Rationality and Culture” at Liangan sibian ershi shiji wenhua yanbian ji ershiyi shiji wenhua zhanwang(Conference on cultural change in the 20th century and prospects for cultural change in the 21st century on the two shores and four lands), organized by the Hong Kong Culture Transmission Association, June 17-19, 1994, Hong Kong.
Presented a paper on “Environmental Management: a Regional Perspective”, Western Economic Association Conference, Hong Kong, January 8-13, 1994.
Presented papers on the Hong Kong Economic Outlook, Asian Development Bank, Manila, 1992, 1993, 1994.
Presented a paper on “Towards Better Retirement Protection,” Academic Forum on After Retirement: Income Support in an Ageing Population co-sponsored by Faculty of Humanities and Social Sciences, City Polytechnic of Hong Kong and Central Policy Unit, Hong Kong Government, October 26, 1993.
Presented a paper on “privatisation of public housing” at the Housing Conference organized by the CUHK Dept. of Economics and HK Polytechnic Dept. of Business Studies, December 19, 1992.
Presented a paper on the Hong Kong Economy at the Asian Development Bank Asian Outlook Workshop, Nov. 4-6, 1992.
Presented a paper on the economic relationship between Hong Kong and China in Beijing: Conference on Enterprise Development, sponsored by the Taipingshan Jaycees and the Institute of Management Sciences, Sept.1992.
Presented a paper “Regional balance of payments: an interpretation” at the Pacific Regional Science Conference Organization Second Summer Institute at Taipei, July 19-24,1992.
Presented a paper “Compensation, risk, and efficiency” at the Pacific Rim Council on Urban Development Forum on the Planning Ordinance, Jan. 7, 1992.
Presented a paper(jointly authored with P.W.Liu and K.C.Lam), “International Labour Migration: the case of Hong Kong”, at the Second Japan-Asean Forum on International Labour Migration in East Asia, 26-27, UN University, September 1991, Tokyo
Presented a paper at the Australasian Economic Modelling Conference, “Steady State
Equilibrium and Macroeco¬nomic Policy,” August 27-30, 1991, in Port Douglas, Australia.
Presented a paper with Prof. T.B. Lin at Conference on Confucianism and Economic Development in East Asia, “Is there a link among Confucianism, Institutions,and Economic Performance?” sponsored by Chung Hua Institution for Economic Research, Taipei, May 29 31, l989
Served as speaker at Symposium on Deposit Insurance, Hong Kong Economic Association, 1991.
Presented a paper “Income support programs for the elderly,” at the Seminar on Gerontology: Trends and Some Issues, organized by the HK Assn. of Gerontology, Dec. 8, 1990.
Served as speaker at Symposium on Sales Tax, Hong Kong Economic Association,1989.
Served as speaker at Symposium on Central Provident Fund, Hong Kong Economic Association, 1988.
Presented two papers at Conference on China’s National Economic Development, April 29 30, l988, CUHK. Titles: “Reforming China’s Monetary System”; “A Quantitative Analysis of China’s Monetary System.”
Served as discussant at Western Economic Association Conference, January 8-13,1994 Hong Kong.
Served as discussant at Second Conference on Pacific Basin Business, Economics, and Finance, HK:CUHK, May 27-28,1994.
Served as discussant for “Economic Development on Both Sides of the Taiwan Strait,and Asian-Pacific Economic Cooperation”, June 9-10, 1994, CUHK.
Served as Discussant at International Conference on the Overseas Chinese(in Asia) between the two World World Wars, Sept.l8 l9, l987 at CUHK
Presented a paper at the Atlantic Economic Conference in New York, Sept.3 6, l987. Title: Long Run Equilibrium and Macroeconomic Policy
Presented a paper on “Whither China’s foreign exchange control?” in Conference on China’s Special Economic Zone and Open Door Policy, April l987,CUHK
Served as chairman and discussant at Symposium on Economic Development in Chinese Societies: Models & Experiences, Dec.l8 l9, l986, Hong Kong, organized by HK Economic Assn and HK Institute for Promotion of Chinese Culture(香港中華文化促進中心)
Presented a paper entitled “Productivity based Real Incomes Policy” at the l8th International Atlantic Economic Conference in Montreal in November l984
Presented many seminars at the HKU and at the Chinese University on various policy-related topics.
With HKU: HKECDRF – Symposium on Child Development and Creating Capabilities featuring James Heckman, March 31 2015, InterContinental Hotel
Organized and Presented Papers at two HKEA biennial workshops:
Biennial Workshop on Tax Reform, 2013
The Linked Exchange Rate of Hong Kong, 2011
“Healthcare Financing and Delivery,” presented at the HK Management Association Theme Year Seminar, 31 May, 2008. “Health Care Reform: How may Citizens Benefit,” Kowloon Federation of Associations, May 22 2008
“Symposium on Healthcare System Reform,” organized by the Hon. Kwok Ka Ki, BGCA Headquarters, 3 Lockhart Road, Wan Chai, Hong Kong, May 3, 2008,
“International Symposium on HK’s Health Financing Reform,” HKU Medical School, Sassoon Road. Panel speaker “Experts’ views”. Organized by Medical and Health Research Network, University of HK, April 5 2008
“The Road to Happiness,” a talk presented at St Jerome’s Church, Tin Shui Wai, January 24, 2008.
“Economic and Social Value of Voluntary Work,” Agency for Volunteer Service Forum, November 9 2002
Refereeing and Other Professional Activities
Managing Editor, Pacific Economic Review, published by Blackwell Publishers,1996-2004
Editorial Board, Journal of Comparative Policy Analysis. Jan.2002 to December 2004.
Referee for the Research Grants Council, HK University Press,
Hong Kong Medical Journal(HK Medical Association), China Quarterly, Contemporary Economic Policy (U.S.:Western Economic Association.), Journal of Comparative Policy Analysis, The Energy Journal, Pacific Economic Review (U.K.:Blackwell Publishers), Review of Urban & Regional Development Studies, Regional Studies(U.K.:Carfax), Social Science & Medicine (Oxford:Pergamon Press), Hong Kong Economic Papers(Hong Kong), Research Fellowship in Children’s Studies, Journal of Construction Research, HK Journal of Gerontology, the Hong Kong University Press, PharmacoEconomics(Auckland: Adis International.), Hong Kong Papers on Design and Development, (Department of Architecture, University of Hong Kong)
Referee to provide expert comments on various documents on H.C.Action No.A3549 of 1991, 1994.
Editor, Newsletter for the Chinese University Centre for Environmental Studies.
Advisor, Budding Scholars Program (United College mission to South Korea) 1992: “Policy for Industrial and Technological Development”
Membership in Professional Societies
Hon.Treasurer, HK Economic Association April 2007-now.
President, HK Economic Association, 1999-April 2007
Hon.Secretary, H.K.Economic Association since 1983; Vice-President 1997-1999
Councillor, HK Peoples’ Council For Sustainable Development, 2005-now
Advisor & Honorary Member, Chinese Economists Association in North America 2000-2003
Founding Member, Asian Real Estate Society
Hon. Research Fellow, Economics Department, Chinese University of HK, 1995-2013
Hon. Research Fellow, HK Institute for Asia Pacific Studies, Chinese University of HK, 1995-now
Services to the Community
President, HK Buddhist Psychology and Mental Health Assn. 2015-now
Chairman, HK Tertiary Education Policy Forum, 2011-2012
Member of the Policy Research and Advocacy Standing Committee, HK Council of Social Services, appointed January 2010- Nov. 2012.
Member, Standing Commission on Civil Service Salaries and Conditions of Service, since February 1 2006 to December 2011(chairman: Nicky Lo Kar-chun)
Advisor, HK Institute of Monetary Research, Sept. 1999-2009
Member, Task Force on Study Project on Volunteering towards community building in HK, Agency for Volunteer Service, appointed since October 2008.
Member, Task Force on Digital Inclusion (Office of the Government Chief Information Officer), Sept 2008-Sept 2010
Council Member, Peoples’ Council on Sustainable Development, 2004-now
Member, Public Policy Forum, 2005-2008; reappointed July 2009-June 2011
Vice-Chairman, Buddhist Education Foundation of Canada HK Fund Raising Committee and Director, Buddhist Education Foundation of Canada, Toronto.
Member of the Hong Kong Committee, Pacific Economic Cooperation Council, 4.1996-3.2004.
Member of Trade Policy Forum, HK Committee, April 1 1996-31.3.2004.
Official Forecaster for Hong Kong, PECC, 1996/97 and 1997/98.(Best Forecaster in 96/97)
Member, Business Studies and Economics Panel, Research Assessment Exercise 1999, University Grants Committee.
Member, Health Services Research Committee, Hospital Authority, March1998-Aug. 2003
Part-time Consultant, Central Policy Unit, Hong Kong SAR Government, Nov. 97-Nov.99
External Examiner, B230 Introduction to Economics, Open Learning Institute, December 1994-April 1997.
Member of Subject Committee, Sixth Form Liberal Studies, HK Examination Authority, 1993-1995
Member of Subject Committee, Economics(Secondary), Curriculum Development Council, 1992-Aug.1997
Inventor of the Early Bird Pass as introduced by the Mass Transit Railway Corporation in Hong Kong l988
Guest Speaker on numerous occasions for various charitable organizations and on both radio and television
Multiple presentations on Happiness and Life and Integrity, Tin Shui Wai, Tuen Mun(Catholic groups), Shumshuipo(District Office), Yaumatei(Buddhist group); Tuen Mun(Police and Lingnan students)