Globalization & Growth | Center for Economic Policy

Research Affiliate Albert Francis Park (On Leave) Chair Professor, Department of Economics
Chair Professor, Division of Social Science
Chair Professor, Division of Public Policy
Chair Professor, Institute for Public Policy Albert Park is a development and labor economist who is an expert on China’s economic development. He is Chair Professor of Economics, Chair Professor of Social Science, and Professor of Public Policy at HKUST. He has been appointed as Chief Economist at the Asian Development Bank (ADB). His research and commentary has appeared in the Economist, New York Times, Washington Post, Wall Street Journal, China Daily, BBC, CNN, NBC, Bloomberg, Freakonomics, and NPR.

Working Paper Series Global Value Chain and Business Cycle Comovement: Does Distance Matter? A salient feature of recent globalization is the emergence of global value chain, along which countries specialize in different positions. These difference of positions along the global production network may affect the business cycle comovement of two countries. Based on influence matrix derived from input-output linkage, a novel measure of distance is proposed to capture the heterogeneity between two countries in output response to country-specific technology shocks that propagate through global production network. By Juanyi Xu, Daoju Peng, Kang Shi

Research Affiliate Yao Amber Li Associate Professor, Department of Economics
Associate Director, Center for Economic Development
Associate Director of the Dean of Business & Management Professor Yao Amber Li is currently an Associate Professor of Economics in School of Business and Management, the Associate Director of Center for Economic Development and the Dean of Business & Management at Hong Kong University of Science and Technology (HKUST). She has been serving as Vice-chairperson of the Standing Committee of CTRG (China Trade Research Group) since 2019 and Joint Secretary-General of the Secretariat of the Quality Alliance at Guangdong-Hong Kong-Macau University Alliance since 2020.

Research Affiliate David E Cook Acting Head and Professor, Department of Economics
Co-Director of the Dean of Business & Management Professor David Cook joined the Hong Kong University of Science and Technology Department of Economics in 1996 after receiving a Ph. D. in economics from the University of Wisconsin at Madison. He is currently a Professor at HKUST. His research focuses on international macroeconomics with a concentration on emerging markets issues. He is currently the Hong Kong editor of the Pacific Economic Review.

Research Affiliate Yang Lu Associate Professor, Department of Economics Prof. Lu's research interests are information friction, macro policy and political economy.

Working Paper Series The Local Technology Spillovers of Multinational Firms This paper identifies the causal effect of U.S. multinationals' technology shocks on their subsidiaries' and nearby domestic firms' productivity in China. By combining firm-level data from both the U.S. and China, I match U.S. multinationals with their manufacturing subsidiaries in China and measure the multinationals' technology shocks to the local firms in China based on the multinationals' patenting activities in the U.S. To address potential endogeneity concerns, I introduce an instrumental variable strategy based on U.S. state-level R&D tax credit policies. By Robin Kaiji Gong

Research Affiliate Byoungchan Lee Assistant Professor, Department of Economics Byoungchan Lee is an Assistant Professor of Economics at HKUST. He completed his Ph.D. in Economics at University of California at Berkeley in 2019 and received his B.A. from Seoul National University in 2012. Byoungchan is a macroeconomist. His research interest includes inequality, business cycles, stabilization policies, and econometric methods for empirical macroeconomics.

Research Affiliate Robin Kaiji Gong Assistant Professor, Department of Economics Robin Kaiji Gong is an Assistant Professor in Economics at the Hong Kong University of Science and Technology. He graduated from Stanford University in 2019. His research interest includes international trade, innovation, and entrepreneurship.

Research Affiliate Juanyi Xu Associate Professor, Department of Economics Prof. Xu's research fields are on international macroeconomics and monetary economics.

Research Affiliate Yatang Lin Assistant Professor, Department of Economics
Assistant Professor, Division of Public Policy
Assistant Professor, Institute for Public Policy
Assistant Professor, HKUST Energy Institute Yatang Lin received her Ph.D. in Economics from London School of Economics in 2017 and joined HKUST in the same year. Her research areas are urban economics and environmental economics.