Darden Graduate School of Business Administration
University of Virginia
Post Office Box 6550
Charlottesville, Virginia 22906, USA
Telephone: (434) 243-7691
Facsimile: (434) 243-7681
E-mail: [email protected]
110 Cavalier Drive
Charlottesville, VA 22901, USA
Tel: (434) 979-8589
Birthday: January 4, 1964
Citizenship: USA
Public finance
Emerging markets finance
Transition economics, Chinese economy
Political economy
International business
Applied economics
Emerging Market Finance
Business economics
International business management
Chinese Economy
Ph.D., Economics, 1994, University of Michigan
A.E.A.-Ford Graduate Economics Program, 1987
People’s University, Beijing, China
B.S., Mechanical Engineering, 1985
Jiaotong University, Shanghai, China
and Awards
Mellon Doctoral Fellowship, 1992
Rackham Predoctoral Fellowship, 1991
Rackham One-term Fellowship, 1991
Fred M. Taylor Prize for best performance on preliminary exams in
economic theory, 1989
Rackham Graduate Fellowship, 1987
Darden Graduate School of Business, University of Virginia
Associate Professor, 2000–present
Fuqua School of Business, Duke University
Associate Professor, 1998–2000
Assistant Professor of Economics, 1994–1998
Institute for Social Research, University of Michigan
Research Associate, 1993-1994
Other Positions
& Activities
World Bank Consultant, 2001, 2002
Research Fellow, William Davidson Institute, University of Michigan,
since 2000.
Research Affiliate, Centre for Economic Policy Research (CEPR),
UK, since 2001.
Editorial Board, Annals of Economics and Finance, since 2000.
Referee for the following journals and funding agencies:
American Economic Review, Rand Journal of Economics, Quarterly
Journal of Economics, Journal of Public Economics, Economic Journal, Journal of Law & Economics, Review of Economics and Statistics, European Economic Review, Journal of International Economics,
Economic Development and Cultural Change, Journal of Comparative Economics, Journal of Industrial Economics, Journal of Law,
Economics,& Organization, Annals of Economics and Finance, China
Economic Review, Economic Inquiry, Economics of Transition, Journal of International Finance and Banking, Journal of International
Money and Finance, Organization Science, Quarterly Review of Economics and Finance, Southern Economic Journal, Oxford Economic
Papers, National Science Foundation, University Research Grants
Council of Hong Kong
PhD Students
Vladimir Pantyushin, 2001. Placed in International Copper Association, Ltd.
Yang Yu, 1999. Placed at Hong Kong University of Science and
“Chinese Enterprise Behavior Under the Reforms,” with Roger H.
Gordon, American Economic Review, Papers and Proceedings, 81,
202–6 (May 1991).
“The Change in Productivity of Chinese State Enterprises, 1983–
1987,” with Roger H. Gordon, Journal of Productivity Analysis, 6,
5–26 (April 1995).
“Asymptotic Equivalence of Estimators of Average Derivative,” 52,
241–45, Economics Letters (November 1996).
“The Impact of Economic Reforms on the Performance of Chinese
State-Owned Enterprises,” Journal of Political Economy, 105:5, 1080–
1106, (October 1997).
“Selection of Children to Provide Care: The Effects of Earlier Parental
Transfers,” with John C. Henretta, Martha Hill, Beth Soldo and
Douglas A. Wolf, Journal of Gerontology, 52B, 110-119, (1997).
“A Tale of Two Reforms,” Rand Journal of Economics, 30:1, (Spring
“Tax Rights in Transition Economies: A Tragedy of the Commons?”
with Daniel Berkowitz, Journal of Public Economics, 76, 369–97
(June 2000).
“Government as a Discriminating Monopolist in the Financial Market: The Case of China,” with Roger G. Gordon, June 2001, (in
print, Journal of Public Economics).
“Corruption during the Economic Transition in China,” December
2001, (forthcoming in Corrupt Exchanges, Nomos Verlag).
“The Political Economy of Privatization and Competition: CrossCountry Evidence from the Telecommunications Sector,” with Lixin
Colin Xu, September 2001. (forthcoming in Journal of Comparative
“Measuring Corruption: An Indirect Approach,” December 2001.
(Invited for resubmission to the Journal of Political Economy)
“Great Leap Forward or Backward? Anatomy of a Central Planning
Disaster,” with Mark Yuying An and Dennis Tao Yang, March 2001.
(Invited for resubmission to the Journal of Political Economy)
“To Privatize or Not to Privatize? Evidence from the Telecommunications Sector around the World,” with Christine Zhen-Wei Qian
and Lixin Colin Xu, September 2001. (Invited for resubmission to
Journal of Law & Economics)
“Corruption and Resource Allocation: Evidence from China,” June
“The Political Economy of Deregulation: Cross-Country Evidence
from the Telecommunications Sector,” with Lixin Colin Xu, November 2001.
“Liberalization and Performance in the Telecommunications Sector
Around the World,” with Lixin Colin Xu, September 2001.
“Financial Regulation and Asset Pricing: Theory and Evidence from
China,” September 1999.
“Intergenerational Transfers and Labor Supply: Preliminary Evidence from HRS,” with Martha Hill and Beth Soldo, May 1996.
“A Theory of the Soviet-Type Economy,” November 1995/November
Academia Sinica,
Duke University,
Hong Kong University,
Hong Kong University of Science and Technology,
London School of Economics,
Michigan State University,
Resources for the Future,
Simon Fraser University,
University of California, San Diego
University of Maryland,
University of Michigan,
University of North Carolina,
University of Pennsylvania,
University of Pittsburgh,
University of Southern California,
University of Toronto,
University of Virginia,
Yale University.
Conference presentations:
Davidson Institute-CEPR International Conference on Transition
Economics in Portoroz, Slovenia, June 2001.
“Corrupt Exchanges: Empirical Themes in the Politics and Political
Economy of Corruption,” Germany, May 2001.
The Eighth World Congress of the Econometric Society, Seattle, WA,
AEA Annual Meetings, 2002, 2000, 1999, 1998, 1997, 1995, 1991.
1999 University of Toronto Conference on the Chinese Financial Reform.
Western Economic Association Annual Meetings, 1998, 1995
Asian Studies Association meetings, 1997, Chicago.
The 11th World Congress of the International Economic Association,
Tunis, 1995.
The Seventh World Congress of the Econometric Society, Tokyo,
Midwest Economic Association Meetings, 1994.
Other conference participation:
Discussant, AEA Annual Meetings, 2000, 1996
Discussant, the Fifth Nobel Symposium in Economics, The Economics of Transition, 1999, Stockholm
Discussant, “Taxation, Resources, and Economic Development Conference on Local and Intergovernmental Finance in Transitional Economies,”
Lincoln Institute of Land Policy, 1993, Cambridge, MA.
Chair, “Incentives and Economic Reform” at the 1997 AEA annual
Chair, “Estimating Growth” at the The 1995 Seventh World Congress
of the Econometric Society, Tokyo.
MBA courses at Virginia:
• Emerging Markets Finance, 2002.
• Business and Political Economy, 2000-01.
MBA courses at Duke:
• International Business Management, 1999–2000
• Emerging Markets, Summer 1999
• Business After Communism, Springs 1997–1999
• Asian Business Environment and Strategy, Springs 1996–1998
• Global Environment—International Economics, Spring 1995
• Managerial Economics, Spring 1995
• Global Academic Travel Experience: Asia, Summers 1996–1998
• Global Academic Travel Experience: Russia, Summer 1995
• The Age of Asia—Integrated Learning Experience IV, Springs
Modules developed and taught in Duke’s executive education programs:
• Emerging Markets
• The Greater China Market
• China as an Emerging Market
Modules developed and taught in the RJR-Fuqua Program for Management Development in St. Petersburg, Russia
• Western Business Environment
• Action Planning
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