Globalization & Growth | Center for Economic Policy

Publications The Roles of Supply Network Centralities in Firm Performance and the Moderating Effects of Reputation and Export-orientation By Naubahar Sharif, Antonio K. W. Lau, Yuya Kajikawa

Publications A Comparative Analysis of Innovation Policies in Hong Kong and Shenzhen Within the Greater Bay Area Initiative Combining documentary analysis with hierarchical cluster analysis (HCA), we conduct a comparative study of innovation policies in two municipalities included in the Greater Bay Area (GBA) initiative—the Chinese government’s plan to link eleven cities into an economic and business hub. After identifying innovation policies/agencies in Hong Kong and Shenzhen, we apply the HCA to compare similarities and differences between their innovation policies and assess how these policies align with the ‘cross-border regional innovation system’ (CBRIS) conceptual approach. By Naubahar Sharif, Kevin Chandra

Publications A Comparative Analysis of Research and Development Spending and Total Factor Productivity Growth in Hong Kong, Shenzhen, Singapore In this paper, we focus on three locations in the Asia-Pacific region—Hong Kong, Shenzhen, and Singapore—to analyse the impact of variations in research and development (R&D) spending on total factor productivity (TFP) growth. In each of the three cases, we compare and contrast the role of public and private R&D in boosting TFP growth as well as the pattern of causality involving public and private R&D and the capacity of both types of R&D to generate economic spillovers. By Naubahar Sharif, Kevin Chandra, Athar Mansoor, Kirti Bhasin Sinha

Publications From Creative Destruction to Creative Appropriation: A Comprehensive Framework By Naubahar Sharif, Jack Linzhou Xing

Research Affiliate Naubahar Sharif Head and Professor, Division of Public Policy
Professor, Division of Integrative Systems and Design
Professor, Institute for Public Policy
Professor, Institute for the Environment Naubahar Sharif (Ph.D., Cornell University, 2005) is the Head and Professor of Public Policy at The Hong Kong University of Science and Technology (HKUST). His research interests include science, technology and innovation (STI) policy in Hong Kong and within the ‘Greater Bay Area’ of Southern China; automation in China; and the ‘Belt and Road’ initiative. In 2011 he completed the Executive Education program in Innovation for Economic Development at Harvard University. A dedicated teacher, at HKUST he has been nominated for the Michael G.

Seminar, Lecture, Talk Central Bank Digital Currencies: Implementation, Applications and Challenges In 2020, China rolled out its version of Central Bank Digital Currency (CBDC) in Shenzhen. This calls into question the implementation, applications, and challenges of CBDC. In this timely webinar moderated by Professor Edwin Lai of HKUST Center for Economic Policy, Professor Barry Eichengreen of UC Berkeley and Mr. Yong Xia, Global Head of HSBC Lab, discussed the purposes and advantages of CBDC as well as its impact on financial stability.

Prof. Barry EICHENGREEN, Dr. Yong XIA
2022-05-18
9:30am - 11:00am

Seminar, Lecture, Talk Cryptocurrencies, Blockchains and the Digital Economy What are cryptocurrencies and crypto-assets and what make them special? What makes blockchain work? How is blockchain compared to past technologies? What are the most common applications and use cases of blockchain? This webinar answers some of the most pertinent questions regarding cryptocurrencies, blockchain and the digital economy.

Prof. Anthony Lee Zhang , Ben El-Baz , Prof. Christine Parlour , Prof. Yanzhen Chen
2022-05-12
9:30am - 11:00am

Seminar, Lecture, Talk One Currency, Two Markets: China’s Attempt to Internationalize the Renminbi - A Book Launch On November 23, the Center for Economic Policy and HKUST Institute for Emerging Market Studies (IEMS) jointly organized a book launch event for the new book “One Currency, Two Markets: China’s Attempt to Internationalize the Renminbi” (Cambridge University Press, September 2021) authored by Professor Edwin Lai, Professor of Department of Economics and Associate Director of Center for Economic Policy at HKUST. The book launch started with brief remarks by the moderator Professor Albert Park, the director of the Center for Economic Policy.

Prof. Edwin L.-C. Lai, Prof. Leonard K Cheng, BBS, JP
2021-11-23
4:30pm - 6:00pm

Renminbi markets

Research Affiliate Edwin L.-C. Lai Associate Director, Center for Economic Policy
Visiting Professor, Department of Economics
Director of Center for Economic Development Edwin Lai is currently Associate Director of the Center for Economic Policy (since 2021). He was Professor of Economics at the Hong Kong University of Science and Technology (2009 - 2023), and later jointly appointed as the Director of the Center for Economic Development (2017-2021) and jointly-appointed as Professor in the Division of Public Policy (2018 - 2023). He was Senior Research Economist and Adviser at the Federal Reserve Bank of Dallas of the Federal Reserve System of the USA, from August 2007 to June 2009.

Publications Fluctuation and Reform: A Tale of Two RMB Markets By Juanyi Xu, Yousha Liang, Kang Shi, Lisheng Wang