Monographs (4 items)
2003 Hong Kong’s Economic Crisis and Misguided Housing Policy, HKIAPS Occasional Paper.
1991 International Labour Migration: the case of Hong Kong, HKIAPS Occasional Paper (with P.W.Liu and K.C.Lam), Chinese University of Hong Kong.
1990 Retirement Benefit Programs: Analysis and a Proposal for Hong Kong, Hong Kong Institute for Asia-Pacific Studies, Chinese University of Hong Kong, Occasional Paper(With J.J.Lee and J.P.Leung).
1991 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 (48 items)
Hong Kong Studies(24 items)
2005 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.
2005 “In Search of Excellence – An Introduction to the Volume” in Ho, et.al.(eds) Education Reform…
2005 “Education Reform: A Socio-Economic Perspective,” in Ho, Morris, and Chung(eds.) Education Reform
2005 “The Way to Build World Class Universities in Hong Kong,” in Ho, Morris, and Chung(eds.) Education Reform…
2005 “Education Reform in Hong Kong: What are the Lessons” in Ho, Morris, and Chung(eds.) Education Reform…
2002 “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
2001 “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.
1999. “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
1997 “The Rise and Fall of the Hong Kong Economy,” The Other Hong Kong Report, HK: Chinese University of HK Press, pp.139-153.
1996 "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.
1995 "Inflation: New Risks for the Hong Kong Economy," in The Other Hong Kong Report, HK:CUHK Press, pp.183-195.
1994 "The Economy,"(in Chinese) in Graphic Trends: Hong Kong, HK: Commercial Press, pp.28-49.
1993 "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.
1993 "Economics of social security," Hong Kong in Transition, One Country Two Systems Economic Research Institute (in Chinese) 1993, pp.582-593.
1993 "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.
1992 "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.
1992 "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).
1992 "Labour and Employment" in The Other Hong Kong Report, pp.197-212, Chinese University Press, ed. by Joseph Cheng and Paul Kwong.
1992 "Economic Cooperation between China and Hong Kong," in Collected Essays from the Conference on Beijing-Hong Kong Enterprise Development, September(in Chinese)
1991 "Labour and Employment" in The Other Hong Kong Report, Chinese University Press, ed. by Y.W.Sung and M.K.Lee.
1991 "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)
1989 "The Role of Government", in Reiitsu Kojima(ed.) Focus on Asia: Industrialisation of Hong Kong, Institute of Developing Economies, Tokyo, l989(in Japanese).
1989 "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.
1986 "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(11 items)
1998 “China’s Road to Exchange Rate Liberalisation,” in Joseph Cheng(ed.) China in the Post-Deng Era, Chinese University Press, 453-470.
1996 "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.
1995 "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.
1995 "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.
1994 "Financial Restructuring" in China Review 1994,(ed. by Lo Chi-kin and Maurice Brosseau, HK: Chinese University Press, 1994,pp.10.1-10.15.
1993 "Central-provincial fiscal relations" in Joseph Cheng and Maurice Brossau(ed.) China Review, CUHK Press.
1993 "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.
1993 "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.
1993 "A Mathematical Model of China's Monetary System," co‑authored with He Xiang‑wei, & He Lin, ibid.,pp.76-93.
1989 "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.
1989 "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(9 items)
2002 “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.
2002 “Introduction,” in Exchange Rate Regimes and Macroeconomic Stability, pp.1-5.
2002 “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.
2002 “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.
2001 ”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
2000 “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).
1995 "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.
1991 "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.
1990 "Foreword," in John Naisbitt and Patricia Aburdene, Megatrends 2000, Publications(Holdings)Ltd.
Book Review and Conference Proceedings (4 items)
2002 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.
1992 "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)
1988 "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.
1988 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.
Contributions to Student-
Edited Academic Journals (7 items)
1995 "Review and Outlook of the Linked Exchange Rate System," Economics Channel, Issue 1994-95, Economics Society, HKUSU, pp.24-28(article in Chinese).
1988 "Facts and Myths about Inflation,"Journal of Economics Society, 1988-89, pp.27-29.
1987 "An Adjustable Linked Exchange Rate System for Hong Kong and for China," Economics Journal, HKUSU, pp.15-17,1987.
1984 "On Congestion Pricing in a Network," Journal of Economics Society, Chinese University of Hong Kong,l984/85.
1974 "An Essay on Economic Systems," Economics Journal, Economics Society, U. of H.K.,1974, pp.14‑15.
1973 "On Demand and Supply Curves," Economics Journal, Economics Society, University of Hong Kong, pp.1‑3.
1971 "Economics and Wisdom: Pollution Problems as a Point of Departure," Economics Journal, Economic Society, University of Hong Kong, l97l.
Other Publications(selections only)
2003 “The World Currency Unit: towards more efficient and more stable financial markets,” Kudan Square, The Newsletter of Institute for International Economic Studies, no. 16, September.
2003 “Reversing the negative equity trap,” China Daily, Hong Kong Edition, December 30.
2002 “Keeping the dream alive,” South China Morning Post, August 7.(Forum).
2002 “Legendary resilience fails us,” South China Morning Post, July 24.
2001 “When will the Hong Kong economy revive its vitality?” in Mingpao Monthly, no.2, pp.25-26.(non-refereed)
2002 “Competitiveness cannot be increased by depressing housing prices,” in Bauhinia Magazine, April 2002(no.138)(non-refereed)
2002 “Lessons from Argentina,” SCMP, 21 January 2002.
2001 “Reviving Confidence the Top Priority,” SCMP, September 26, 2001
2001 “World’s Woes Need United Front,” SCMP(Business), September 21, 2001
2001 “Deficit pays in tough times,” South China Morning Post(Business), August 15.
2001 “Basket case point to stability: a world currency unit could anchor national currencies against inflation and value fluctuations,” South China Morning Post(Business), June 13.
2001 “Education should aim to unearth the potential of children,” South China Morning Post, Jan.15(Annual Review magazine)
2000 “Fairer Bank System for the Man in the Street,” SCMP(Analysis), November 4.
2000 “Strong Yen is Bad Medicine for the World,” SCMP, August 13.
2000 “Bringing competitiveness home to people,” SCMP(Analysis), July 24.
2000 “Address housing before raising tax” SCMP(Analysis), February 17, 2000.
1999 “The Way to a Healthier Health Care System,” Policy Bulletin, May/June, No. 11.
1999 “Tax Rebates Give the Wrong Incentives,” Policy Bulletin, March/April, No.10.
1999 “The Value of Public Service Reform,” SCMP(Analysis), July 7.
1999 “Community must Cater for its Own Well Being,” SCMP(Analysis), April 20.
1998 “Need for School Equality,” SCMP(Analysis), August 10.
1998 “Cost of Bursting Property Bubble,” SCMP(Analysis), June 15.
1998 “Depressing Home Truths,” SCMP(Analysis), May 18.
1998 “Largest Threat to the Economy Comes from the Largest Action of the Government,”
Mingpao, March 26.
1998 “Policy Blunder of the Century,” South China Morning Post(Analysis), March 24.
1998 “Credit Squeeze is Wrong,” South China Morning Post(Analysis), January 14.
1997 “Flaws in Housing Policy,” South China Morning Post(Analysis), December 30.
1997 “Reforms Needed to Deter Manipulations,” South China Morning Post(Analysis), November 10.
1997 “High Interest Rate in Defence of the HK Dollar Could Be Counter-Productive,” Hong Kong Economic Times, November 8.
1997 “Hail a Good Taxi Service,” South China Morning Post(Analysis), October 7.
1997 “Impossible to Make Accurate Projection for Labour Importation Quotas,” Mingpao, July 28.
1997 “Human Nature Education or Sex Education,” Mingpao, July 25.
1997 “A Wish for China to Be a Democratic Model of the World,” Mingpao, July 9, (in Chinese).
1997 “Intervene, but not Overdo it,” Sunday Morning Post, Focus, June 15, 1997.
1997 “Right Care at the Right Price,” South China Morning Post, Analysis, May 12, 1997.
1997 “An Economist’s View of Health Care Reform,” The HK Society of Health Service Executives, Vol. 5, issue 1, March 1997, pp.4-5.
1996 "Pricing of the Cross Harbour Tunnels," Newsletter of CAPS/CPPS, Lingnan College October.
1996 "The Use and Abuse of the User Pays Principle," Newsletter of CAPS/CPPS, Lingnan College, April.
1995 "An Assessment of State Enterprise Reform with Particular Reference to Shanghai," China News Analysis (March 1995)(Socio-cultural Research Centre, College of Law, Fu Jen University)
1994 "Estimating the benefits of environmental improvement," CUCES Newsletter, Nov.
1994 "The Market Approach to Environmental Management," CUCES Newsletter, May.
1993 "The Regulation Approach to Environmental Management," CUCES Newsletter, November.
1993 "Public vs. Private Ownership of Environmental Resources," CUCES Newsletter, March.
1992 "A Proposal for Retirement Protection,"(in Chinese) in Bauhinia Magagine, March, pp.34-35.
1992 "Environmental Resources are Scarce," in CUCES Newsletter, June.
1992 "Some Observations on the Deposit Protection Scheme Consultation Paper," HKCER
Letters, March,pp.4-5.
1989 "An Index Future for Property Prices," HKCER Letters, November 1991, HK Centre for Economic Research. http://www.hku.hk/hkcer/articles/v11/rho.htm
1990 "The Costs and Benefits of the Port and Airport Development Project," H.K.Economic Journal Monthly, November.
1988 "A Proposal for Adaptive Linked Exchange Rate System," Hong Kong Economic Journal Monthly, Jan.
1988 "Did Stock Index Futures Trading Aggravate the Stock Market Crash?‑‑A Statistical Analysis," Hong Kong Economic Journal Monthly, August.
1988 "The Securities Review Committee Report Failed to Address the Cause for the Severity of the Stock Market Crash," H.K.Economic Journal Monthly, July.
1988 "Economists Face Serious Difficulties in Changing the Course of Public Policy," H.K.Economic Journal, July 8.
1988 "An Economic Analysis of Representative Government," Hong Kong Economic Journal Monthly, May.
1988 "A Proposal to Relieve Congestion for the MTR: the Early Bird Pass," Hong Kong Economic Journal, May l3.
1988 "The Proposed Reform of Education System Uneconomical," Hong Kong Economic Journal, June 30.
1988 "World Economic Outlook," Hong Kong Economic Journal, May 21 & April l6.
1987 "Volcker's Anti‑inflation Policy Left a Legacy of Economic Ills for the World: a post‑crash analysis," H.K.Economic Journal Monthly, December l987, pp.40‑41.
1987 "On Crisis Economics," Hong Kong Economic Journal, Nov.6.
1987 "Social Welfare: Not a Free Ride for the Lucky Ones," in Welfare Digest, H.K. Council of Social Services, March.
1987 "An Analysis of the Balanced Budget, with Reference to the Linked Exchange Rate
System," Hong Kong Economic Journal Monthly, June.
1987 "A Review of the Policy on Foreign‑hired Domestic Helpers," H.K.Economic Journal, May 2.
1987 "A Proposal for Social Security for Labour," H.K. Economic Journal Monthly, May.
1987 "A Review of the Salaries Tax," Hong Kong Economic Journal, April l.
1987 "Superiority of the Pension System over the Central Provident Fund System," Hong
Kong Economic Journal Monthly, March.
1987 "Short Term Prospects of the Hong Kong Economy," Express News, January 26.
1987 "An Analysis of the H.K.Tax System with Recommendations," Express News, January l9.
1987 "A Capitalistic Way of Resolving the Bourgeoise Liberalism Problem," Hong Kong Economic Journal, January 22.
1985 "Coming to Grips with Water Pollution in Hong Kong," Green Productivity, Hong Kong Productivity Council, October.
Commissioned Studies (16 items)
2005 “Hong Kong” in Asian Development Outlook, Asian Development Bank.
2004 “Hong Kong” in Asian Development Outlook, Asian Development Bank.
2000 “Recovering from a Deep Recession: Hong Kong 1999-2000” United Nations Development Program, Beijing Office.
2000 The Logistics Industry in Hong Kong: Is there a case for government support? IC Surveyors Ltd./Kerry Logistics(with Thomas Voon)
1999 “Return to Education,” commissioned by the Education Commission(with Dr. Xiang-dong Wei, and others)
1997 “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.
1997 “The Future of Hong Kong’s Agriculture,” commissioned by the Agriculture and Fisheries Department via HK Polytechnic University.(Chapter on Land Use and Environment)
1997 “Impact of Construction Labour Shortage on Hong Kong,” with Thomas Voon, commissioned by the HK Construction Association.
1996 "Age Discrimination in Employment," Commissioned by Education and Manpower
Branch with Wei Xiang-dong),April.
1995 "Economic Outlook, Hong Kong 1995-97" Asian Development Bank.
1994 "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.
1994 "The Hong Kong Economy: 1994-96," 1994(for Asian Development Bank Asian Outlook Workshop, Manila, October.
1993 "The Hong Kong Economy: 1993-95," 1993(for Asian Development Bank Asian Outlook Workshop, Manila, October.
1992 "The Hong Kong Economy: 1992-94," 1992(for Asian Development Bank Asia Outlook Workshop, Manila, November.
1989 Research Associate, project on Hong Kong economy as commissioned by Institute of Developing Economies, Japan
1987 "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).
Refereeing and Other Professional Activities
Managing Editor, Pacific Economic Review, published by Blackwell Publishers,
1996-2004
Editorial Board, Pacific Economic Review, 1996-now
Chief Editor, The Lingnan Commentary, 2001-2004
Editor, Joint CPPS/CAPS Newsletter, Lingnan College/Lingnan University, 1996-2000
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
President, HK Economic Association, since 1999
Hon.Secretary, H.K.Economic Association since 1983; Vice-President 1997-1999
Advisor & Honorary Member, Chinese Economists Association in North America 2000-2003
Member, American Economic Association
Member, Western Economic Association
Founding Member, Asian Real Estate Society
Hon. Research Fellow, Economics Department, Chinese University of HK, 1995-now
Hon. Research Fellow, HK Institute for Asia Pacific Studies, Chinese University of HK, 1995-now
Research Associate, Hong Kong Energy Studies Centre, HK Baptist University 1998-now
Services to the Community
Member, Standing Committee on Civil Service Salaries and Conditions of Service(Feb. 1 2006-Jan. 31 2008)
Advisor, HK Institute of Monetary Research, Sept. 1999-now
Council Member, Peoples’ Council on Sustainable Development, 2004-now
Member, Public Affairs Forum, May 1, 2005 to April 30, 2006(Home Affairs Bureau)
Member of the Hong Kong Committee, Pacific Economic Cooperation Council, 1.4.1996-31.3.2004.
Member of Trade Policy Forum, HK Committee, April 1 1996-31.3.2004.
Official Forecaster for Hong Kong, PECC, 1996/97 and 1997/98.
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
President, Toronto Buddhist Society, 1976-1983(Founding President)
Co-ordinator, Toronto Buddhist Federation, 1981-83.
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