HIEBS Working Papers

HIEBS Working Papers series is published by The Hong Kong Institute of Economics and Business Strategy, a research center at The University of Hong Kong.

Ref. No.

Title


1202	Does Majority Rule Produce Hasty Decisions? September 2012 Jimmy Chan and Wing Suen

1201	The Power of Whispers: A Theory of Rumor, Communication and Revolution, September 2012 HENG CHEN and YANG K. LU and WING SUEN

1200	Sniping to Manipulate Closing Prices in Call Auctions: Evidence from the Hong Kong Stock Exchange, September 2012 Wing Suen and Kam-Ming Wan

1199	Competing for Talents, September 2010 Ettore Damiano and Li Hao and Wing Suen

1198	Multinationals and Futures Hedging: An Optimal Stopping Approach, October 2009 Rujing Meng, Kit Pong Wong

1197	On the Neutrality of Debt in Investment Intensity, September 2009 Kit Pong Wong

1196	The Effects of Irreversibility on the Timing and Intensity of Lumpy Investment, September 2009 Kit Pong Wong

1195	Does Trade Credit Help? Evidence from China, March 2009 Dongya Li and Yi Lu

1194	Industrial Agglomeration and Firm Size: Evidence from China, January 2009 Dongya Li and Yi Lu

1193	Union Effects on Performance and Employment Relations: Evidence from China, August 2009 Yi Lu and Zhigang Tao and Yijiang Wang

1192	Contract Enforcement and Vertical Integration: Evidence from China's Manufacturing Firms, July 2009 Julan Du and Yi Lu and Zhigang Tao

1191	Contract Enforcement and Family Control of Business: Evidence from China, June 2009 Yi Lu and Zhigang Tao

1190	Developing Countries and the World Trade Organization: A Foreign Influence Approach, March 2009 K.C. Fung and Alicia Garcia-Herrero and Alan Siu

1189	Picking up the Losses: The Impact of the Cultural Revolution on Human Capital Re-investment in Urban China, January 2009 Jun Han and Wing Suen and Junsen Zhang

1188	Investment and the Soft Budget Constraint in China, February 2009 Clement K.W. Chow and Frank M. Song and Kit Pong Wong

1187	Hedging Mismatched Currencies with Options and Futures, January 2009 Donald Lien and Maurice K.S. Tse and Kit Pong Wong

1186	Wages, Employment and Futures Markets, August 2008 Ariane Breitfelder and Udo Broll and Kit Pong Wong

1185	Progressive Taxation, Tax Exemption, and Corporate Liquidation Policy, June 2008 Kit Pong Wong

1184	Liquidity, Futures Price Dynamics, and Risk Management, June 2008 Kit Pong Wong

1183	Liquidity Risk and Corporate Hedging With Futures, March 2008 Maurice K.S. Tse and Kit Pong Wong

1182	Export and Strategic Currency Hedging, February 2008 Udo Broll and Peter Welzel and Kit Pong Wong

1181	On the Investment-Uncertainty Relationship, January 2008 Kit Pong Wong

1180	Foreign Direct Investment and Currency Hedging, December 2007 Kit Pong Wong

1179	Does Market Demand Volatility Facilitate Collusion? November 2007 Kit Pong Wong

1178	Asset Prices Under Short-Sale Constraints, November 2006 Yang Bai and Eric Chang and Jiang Wang

1177	Wages, Participation and Unemployment in the Economic Transition of Urban China, April 2007 Jun Han and Junsen Zhang

1176	Option Compensation and Industry Competition, August 2007 Neal M. Stoughton and Kit Pong Wong

1175	Production, Liquidity, and Futures Price Dynamics, August 2007 Kit Pong Wong

1174	The Effects of Abandonment Options on Operating Leverage and Investment Timing, July 2007 Kit Pong Wong

1173	Cross-Hedging for the Multinational Firm under Exchange Rate Uncertainty, July 2007 Kit Pong Wong

1172	Firm Heterogeneity and Exporting Behavior: Evidence from China's Manufacturing Firms, June 2007 Jiangyong Lu and Zhigang Tao

1171	The Costs and Benefits of Government Ownership: Evidence from Privatization of China's Collectively-Owned Enterprises, June 2007 Jiangyong Lu and Zhigang Tao and Zhi Yang

1170	Economic Institutions and FDI Location Choice: Evidence from U.S. Multinationals in China, March 2007 Julan Du and Yi Lu and Zhigang Tao

1169	Facing Protectionism Generated by Trade Disputes: China's Post-WTO Blues, June 2007 Wing Thye Woo and Geng Xiao

1168	What are the High-Probability Challenges to Continued High Growth in China? May 2007 Wing Thye Woo

1167	Hedging, Liquidity, and the Multinational Firm under Exchange Rate Uncertainty, February 2007 Kit Pong Wong

1166	Estimating Corporate Investment Inefficiency: Evidence from an Implied Return on Capital in China, May 2007 Qiao Liu and Alan Siu

1165	Age Structure of the Workforce in Growing and Declining Industries: Evidence from Hong Kong, April 2007 Jun Han and Wing Suen

1164	What Has Happened to the Gender Earnings Differential in Urban China During 1988-2004? Published in January 2007 Junsen Zhang and Pak-Wai Liu and Jun Han and Yaohui Zhao

1163	Currency Hedging for Multinationals under Liquidity Constraints, January 2007 Rujing Meng and Kit Pong Wong

1162	Institutions, Financial Development, and Corporate Investment: Evidence from an Implied Return on Capital in China, December 2006 Qiao Liu and Alan Siu

1161	Bureaucratic Integration and Regional Specialization in China, October 2006 Chong-En Bai and Zhigang Tao and Yueting Sarah Tong

1160	The Effects of Public Housing on Internal Mobility in Hong Kong, September 2006 Hon-Kwong Lui and Wing Suen

1159	The Effect of Uncertainty on Investment Timing in Real Options Model, July 2006 Kit Pong Wong

1158	Cross-Hedging with Currency Forward Contracts, April 2006 Kit Pong Wong

1157	Predicting Stock Market Returns with Aggregate Discretionary Accruals, June 2006 Qiang Kang and Qiao Liu and Rong Qi

1156	Guess Who's Also Minding Your Business? The Effect of Credit Ratings Changes on CEO Incentives, February 2006 Qiang Kang and Qiao Liu

1155	Economic Liberalization with Rising Segmentation on China's Urban Labor Market, June 2006 Sylvie Démurger and Martin Fournier and Li Shi and Wei Zhong

1154	Non-Stackelberg Outcomes in Stackelberg Duopoly Experiments: Parsimonious Explanation Based on Inequality Aversion, March 2006 Sau-Him Paul Lau and Felix Leung

1153	The Multitask Theory of State Enterprise Reform: Empirical Evidence from China, January 2006 Chong-En Bai and Jiangyong Lu and Zhigang Tao

1152	Bi-Sourcing in the Global Economy, December 2005 Julan Du and Yi Lu and Zhigang Tao

1151	Optimal Export and Hedging Decisions When Forward Markets Are Incomplete, February 2006 Kit Pong Wong

1150	Foreign Direct Investment and Forward Hedging, December 2005 Kit Pong Wong

1149	Liquidity Risk and the Hedging Role of Options, November 2005 Kit Pong Wong and Jianguo Xu

1148	Restricted Export Flexibility and Risk Management with Options and Forward Contracts, August 2005 Axel F.A. Adam-Miller and Kit Pong Wong

1147	The Comparative Statics of Differential Rents in Two-Sided Matching Markets, September 2005 Wing Suen

1146	International Tenders and Futures Hedging, September 2005 Donald Lien and Kit Pong Wong

1145	Operational and Financial Hedging for Exporting Firms, June 2005 Kit Pong Wong

1144	Meauring the Economic Return to an Infrastructure Investment Using Interregional Price Gaps: a Natural Experment, September 2005 Zhigang Li

1143	Divergent Interests between Central and Local Governments: Testing Theories of Public Ownership, September 2005 Chong-En Bai and Jiangyong Lu and Zhigang Tao

1142	Property Rights Protection and Access to Bank Loans: Evidence from Private Enterprises in China, August 2005 Chong-En Bai and Jiangyong Lu and Zhigang Tao

1141	How Good Is Good News? Technology Depth, Book-to-Market Ratio, and Innovative Events, June 2005 Qiao Liu

1140	A Missing Link in the Risk-Incentive Tradeoff, May 2005 Qiang Kang and Qiao Liu

1139	Stock Market Information Production and Executive Incentives, April 2005 Qiang Kang and Qiao Liu

1138	A Vulnerability Index for Predicting Extreme Market Events in Hong Kong, June 2005 W.K. Li and Philip Yu and K.S. Maurice Tse

1137	People's Republic of China's Round-Tripping FDI: Scale, Causes and Implications, July 2004 Xiao Geng

1136	Foreign Direct Investment in East Asia and Latin America: Is there a People's Republic of China Effect? November 2004 Busakorn Chantasasawat and K.C. Fung and Hitomi Iizaka and Alan Siu

1135	Foreign Direct Investment in China and East Asia, November 2004 Busakorn Chantasasawat and K.C. Fung and Hitomi Iizaka and Alan Siu

1134	International Competition for Foreign Direct Investment: The Case of China, December 2003 Busakorn Chantasasawat and K.C. Fung and Hitomi Iizaka and Alan Siu

1133	What Is Special about Enterprise Performance in North-East People's Republic of China? June 2005 Geng Xiao

1132	Divergent Interests between Central and Local Governments: Testing Theories of State Ownership, January 2005 Chong-en Bai and Zhigang Tao and Jiangyong Lu

1131	Economic changes and afforestation incentives in rural China, May 2005 Sylvie Démurger and Weiyong Yang

1130	Do the Forward Sales of Real Estate Stabilize Spot Prices? October 2004 C.Y. Yiu and S.K. Wong, M.K.S. Tse, and K.W. Chau

1129	Using Turn Taking to Mitigate Conflict and Coordination Problems in the Battle of the Sexes Game, April 2005 Sau-Him Paul Lau and Vai-Lam Mui

1128	Using an error-correction model to test whether endogenous long-run growth exists, December 2004 Sau-Him Paul Lau

1127	Life Cycle Effects of Fertility on Parents' Labor Supply, May 2005 James P. Vere

1126	Does Competition Encourage Unethical Behavior? the Case of Corporate Profit Hiding in China, May 2005 Hongbin Cai and Qiao Liu and Geng Xiao

1125	Corporate Governance in China: Current Practices, Economic Effects, and Institutional Determinants, May 2005 Qiao Liu

1124	Are Accruals Profits Illusory to Informed Traders? April 2005 Qiao Liu and Rong Qi

1123	A Marriage of Capitalism and Socialism: The Case of China's Stock Market Development, April 2005 Sonia M.L. Wong

1122	Cross-Hedging of Exchange Rate Risks: A Note, May 2005 Sylvie Démurger and Martin Fournier and Li Shi

1121	Multinationals and Futures Hedging under Liquidity Constraints, April 2005 Sylvie Démurger and Martin Fournier and Li Shi

1120	Multinationals, Hedging, and Capital Structure under Exchange Rate Uncertainty, April 2005 Sylvie Démurger and Martin Fournier and Li Shi

1119	Urban Income Inequality in China Revisited (1988-2002), April 2005 Sylvie Démurger and Martin Fournier and Li Shi

1118	When to Ally and When to Acquire: Expansion Strategies of Multinational Firms in China, March 2005 Yigang Pan and Zhigang Tao and Jiangyong Lu

1117	A Spatial Theory of News Consumption and Electoral Competition, March 2005 Jimmy Chan and Wing Suen

1116	The Evolution of Gender Wage Gaps and Discrimination in Urban China: 1988-1995, Published in October 2004 Sylvie Démurger and Martin Fournier and Yi Chen

1115	Business Cycle and Inflation Synchronisation in Mainland China and Hong Kong, January 2005 Petra Gerlach-Kristen

1114	Audit Firm Size Effects in China's Emerging Audit Markets, December 2004 Chuntao Li and Frank M. Song and Sonia M.L. Wong

1113	Chief Executive Officer Turnovers and the Performance of China's Listed Enterprises, November 2004 Eric C. Chang and Sonia Wong

1112	Some Fundamental Inadequacies of the Washington Consensus: Misunderstanding the Poor by the Brightest, November 2004 Wing Thye Woo

1111	Competition, Ownership, Corporate Governance and Enterprise Performance: Evidence from China, September 2004 Yifan Hu and Frank Song and Junxi Zhang

1110	Tax Asymmetry and Futures Hedging under Liquidity Constraints, August 2004 Kit Pong Wong

1109	Operating Leverage and the Interaction between Abandonment Options and Exotic Hedging, July 2004 Wong Kit Pong

1108	Currency Options and Export-Flexible Firms, June 2004 Wong Kit Pong and Yick Ho Yin

1107	Mutual Admiration Clubs, July 2004 Wing Suen

1106	Politicized Capitalism in China: Economic Effects of State Intervention in Post-Communist Firms, March 2004 Sonja Opper and Victor Nee and Sonia Wong

1105	On the Pricing and Hedging of Discrete Dynamic Guaranteed Funds, August 2003 Eric Chang and Leong Kwai Li and Wai-Man Tse

1104	Two-Color Partial Rainbow Options, January 2004 Der-Chen Chang, Haitao Fan, Duy-Minh Nhieu and Eric Chang

1103	Idiosyncratic Volatility, Fundamentals, and Institutional Herding: Evidence from the Japanese Stock Market, February 2004 Eric Chang and Sen Dong

1102	The Role of Volume Dispersion in Explaining the Price Change-Volume Relation at the Index Level, January 2004 Eric Chang and Joseph Cheng and Ajay Khorana

1101	Short-Sales Constraints and Price Discovery: Evidence from the Hong Kong Market, March 2004 Eric Chang and Yinghui Yu

1100	Insider Trading in Hong Kong: Concentrated Ownership versus the Legal Environment, October 2002 Jun Zhu and Eric C. Chang and J. Michael Pinegar

1099	International Competition for Foreign Direct Investment: The Case of China, December 2003 Busakorn Chantasasawat and KC Fung and Hitomi Iizaka and Alan Siu

1098	The Giant Sucking Sound: Is China Diverting Foreign Direct Investments from Other Asian Economies? October 2003 Busakorn Chantasasawat and K.C. Fung and Hitomi Iizaka and Alan Siu

1097	Earnings Management to Tunnel: Evidence from China's Listed Companies, February 2004 Qiao Liu and Zhou Lu

1096	Corporate Governance and Market Valuation in China, April 2004 Chong-En Bai, Qiao Liu, Joe Lu, Frank Song, and Junzi Zhang

1095	Look Who Are Disguising Profits: An Application to Chinese Industrial Firms, May 2004 Qiao Liu and Geng Xiao

1094	Bad News is Good News: Propping and Tunnelling Evidence from China, April 2004 Chong-En Bai and Qiao Liu and Frank Song

1093	Loglinear approximate solutions to RBC models: An illustration and some observations, January 2004 Sau-Him Paul Lau and Philip Hoi-Tak Ng

1092	Achieving Intertemporal Efficiency and Symmetry through Intratemporal Asymmetry: (Eventual) Turn Taking in a Class of Repeated Mixed-Interest Games, November 2003 Sau-Him Paul Lau and Vai-Lam Mui

1091	Do Dragons have better fate? May 2004 Ka-fu Wong and Linda Yung

1090	Asia's Bond Markets: Reforms to Promote Activity and Lessen Financial Contagion, May 2004 Paul Lejot and Douglas Arner and Liu Qiao

1089	Liquidity Constraints and the Hedging Role of Futures Spreads, January 2004 Kit Pong Wong

1088	The Effects of Abandonment Options on Operating Leverage and Forward Hedging, October 2003 Kit Pong Wong

1087	Too little, too late -- Interest rate setting and the costs of consensus, May 2004 Petra Gerlach-Kristen

1086	Internal and external shocks in Hong Kong: Empirical evidence and policy options, May 2004 Petra Gerlach-Kristen

1085	Estimating the Natural Rate of Unemployment in Hong Kong, May 2004 Petra Gerlach-Kristen

1084	Economic Impact of SARS: The Case of Hong Kong, April 2004 Y.C. Richard Wong and Alan Siu

1083	The Role of MFN in WTO Accession, August 2003 Eric W. Bond and Stephen Ching and Edwin L.C. Lai

1082	Media as Watchdogs: The Role of News Media in Electoral Competition, March 2004 Jimmy Chan and Wing Suen

1081	The Travails of Current Macroeconomic and Exchange Rate Management in China: The Complications of Switching to a New Growth Engine, September 2003 Wing Thye Woo

1080	The Political Economy of the Japanese Yen and the U.S.-Japanese Trade Conflict, January 2004 K.C. Fung and Hitomi Iizaka and Paul Lau and Chelsea Lin

1079	Dragon Children: Identifying the Causal Effect of the First Child on Female Labor Supply with the Chinese Lunar Calendar, January 2004 James P. Vere

1078	First in Village or Second in Rome? November 2003 Ettore Damiano and Li Hao and Wing Suen

1077	No-Fault Divorce and the Compression of Marriage Ages, November 2003 Douglas W. Allen and Krishna Pendakur and Wing Suen

1076	Wage Differentials and Ownership Structure in Chinese Enterprises, October 2003 Yi Chen and Sylvie Demurger and Martin Fournier

1075	Shrinking Earnings Premium for University Graduates in Hong Kong: The Effect of Quantity or Quality? October 2003 Hon-Kwong Lui and Wing Suen

1074	Taking two steps at a time: On the optimal step pattern of policy rates, October 2003 Petra Gerlach-Kristen

1073	Can Freer Intra-Industry Trade Raise Wages? Evidence from Canada, September 2003 K.C. Fung and Harry Huizinga

1072	Asia's Debt Capital Markets Appraisal & Agenda for Policy Reform, October 2003 Paul Lejot, Douglas Arner, Liu Qiao, and Mylene Chan and Marshall Mays

1071	Shanghai and Hong Kong as International Financial Centres: Historical Perspective and Contemporary Analysis, September 2003 Y.C. Jao

1070	A Theory of Currency Board with Irrevocable Commitments, March 2003 Alex W.H. Chan and Nai-fu Chen

1069	European Economic Integration and the Effectiveness of Employment Policies, March 2003 K.C. Fung and Chelsea C. Lin and Andrea M. Maechler

1068	Accession Rules and Trade Agreements: The Case of the WTO, August 2000 Eric W. Bond and Stephen Ching and Edwin Lai

1067	Political Control and Performance in China's Listed Firms, March 2003 Eric C. Chang and Sonia M.L. Wong

1066	Shareholding Structure, Depoliticization, and Firm Performance: Lessons from China's Listed Firms, April 2003 Sonia M.L. Wong and Sonja Opper and Ruyin Hu

1065	A Study of Mutual Fund Flow and Market Return Volatility, May 2002 Eric C. Chang and Ying Wang

1064	Time-Varying Conditional Volume and Asset Pricing Relations, February 2002 Eric C. Chang and Joseph W. Cheng and J. Michael Pinegar

1063	Adjusted Estimates of United States-China Bilateral Trade Balances: 1995-2002, Published in April 2002 K.C. Fung and Lawrence Lau

1062	U.S. and Japanese Direct Investment in China: An Econometric Examination, May 2003 K.C. Fung and Hitomi Iizaka and Alan Siu

1061	Market Sentiments, Winner's Curse, and Bidding Strategy in Real Estate Auctions, July 2000 K.S. Maurice Tse

1060	A Market Approach to the Bankruptcy Problem, August 2001 Stephen Ching and Vikas Kakkar

1059	Search frictions, market power, and long run growth, May 2003 Chung Yi Tse

1058	New product introduction and diffusion with costly search, April 2003 Chung Yi Tse

1057	Revenue sharing and control rights in team production: theories and evidence from joint ventures, January 2003 Chong-En Bai and Zhigang Tao and Changqi Wu

1056	An alternative analytical approach to solving dynamic stochastic general equilibrium models with endogenous growth, November 2002 Paul LAU Sau Him

1055	Unraveling of Dynamic Sorting, April 2003 Ettore Damiano and Li Hao and Wing Suen

1054	Investing in Reputation: Strategic Choices in Career-Building, April 2003 William Chan and Wing Suen

1053	The Implicit Market for Family Friendly Work Practice, January 2003 John S. Heywood and W.S. Siebert and Xiangdong Wei

1052	Japan Direct Investment in China and Other Asian Countries, December 2002 K.C. Fung and Hitomi Iizaka and Alan Siu

1051	An Econometric Estimation of Locational Choices of Foreign Direct Investment: The Case of Hong Kong and U.S. Firms in China, December 2002 K.C. Fung and Hitomi Iizaka and Chelsea Lin and Alan Siu

1050	Soft Budget Constraint and Productivity of Chinese State Enterprise (Preliminary), October 2002 Sarah Tong

1049	Foreign Direct Investment in China: Policy, Trend and Impact, June 2002 K.C. Fung and Hitomi Iizaka and Sarah Tong

1048	Foreign Trade of China, June 2002 K.C. Fung and Hitomi Iizaka and Sarah Tong

1047	Local Protectionism and Regional Specialization: Evidence from China's Industries, February 2002 Chong-En Bai and Yingjuan Du and Zhigang Tao and Sarah Tong

1046	Grade Inflation, October 2002 William Chan and Li Hao and Wing Suen

1018	Contestability of the urban land market: an event study of Hong Kong land auctions, September 2002 Stephen Ching and Yuming Fu

1045	A Game-Theoretic Analysis of China's WTO Accession, September 2002 Eric W. Bond and Stephen Ching and Edwin L.C. Lai

1044	Returns to Schooling of Increasingly-Educated Cohorts in Taiwan, August 2002 James P. Vere

1043	Women's Labor Force Participation and Occupational Choice in Taiwan, August 2002 James P. Vere and Grace Wong

1042	The Determinants of Capital Structure: Evidence from China, July 2002 Samuel G. H. Huang and Frank M. Song

1041	An Empirical Test of the Variance Gamma Option Pricing Model, February 2002 K. Lam and E. Chang and M.C. Lee

1040	Protectionism and Regional Specialization: Evidence from China's Industries, February 2002 Chong-En Bai, Yingjuan Du, Zhigang Tao and Sarah Tong

1039	The Power Structure in China's Listed Companies: The Company Law and its Enforecement, January 2002 Sonja Opper and Sonia Wong and Ruyin Hu

1038	Party Power, Markets and Private Power: CCP Persistence in China's Listed Companies, January 2002 Sonja Opper and Sonia Wong and Ruyin Hu

1037	Corporate Governance, Political Interference, and Corporate Performance of China's Listed Companies, March 2002 Eric Chang and Sonia Wong

1036	Managerial Discretion and Firm Performance of China's Listed Companies, January 2002 Eric Chang and Sonia Wong

1035	The Financial and Operating Performance of China's Newly Listed H-firms, December 2001 Samuel Huang and Frank Song

1034	Cross-Hedging with Currency Options and Futures, January 2002 Eric Chang and Kit Pong Wong

1033	Delivery Risk and the Hedging Role of Option, October 2001 Donald Lien and Kit Pong Wong

1032	On the Euler Equations of Hyperbolic-Discounting Growth Models, August 2001 Paul Sau-Him Lau

1031	A Further Inspection of the Stochastic Growth Model by an Analytical Approach, May 2001 Paul Sau-Him Lau

1030	Why Do Agglomeration Economies Not Raise Employment? November 2001 Chung Yi Tse

1029	Search Frictions, Market Power and Long Run Growth, January 2002 Chung Yi Tse

1028	Interaction Between Economic and Political Factors In the Migration Decision, September 2001 Kit-Chun Lam

1027	Sharp Increase in Interest Rate as a Signal of the Resolve to Defend Currencies, September 2001 Chi-shing Chan and Chor-yiu Sin and Yuk-shing Cheng

1026	Networking, Market Transition and Barriers to Entry: Export by Vietnam Private Firms, October 2001 Sarah Yueting Tong

1025	Factor Adjustment and Intra-industry Trade: An Application of the Adjustment Costs Model, February 2001 Tina Yiping Chen

1024	Ethnic Chinese Networking in Cross-border Investment: The Impact of Economic and Institutional Development, April 2001 Sarah Yueting Tong

1023	Foreign Direct Investment, Technology Transfer and Firm Performance, April 2001 Sarah Yueting Tong

1022	Hong Kong: From An Industrialized City To A Center of Manufacturing-Related Services, August 2001 Zhigang Tao and Y.C. Richard Wong

1021	Hong Kong's Mandatory Provident Fund, September 2000 Alan Siu

1020	Estimating the commuting cost and commuting time property price gradients, July 2001 Alex Chan and Chung Yi Tse

1019	Monopoly, employment and wages, January 2001 Chung Yi Tse

1017	Delegating Decisions to Experts, February 2001 Li Hao and Wing Suen

1016	Marital Transfer and Intrahousehold Allocation: A Nash-Bargaining Analysis, September 2000 Wing Suen, William Chan and Junsen Zhang

1015	What Explains the Industrial Revolution in East Asia? Evidence from the Factor Markets, April 2000 Chang-Tai Hsieh

1014	Macroeconomic and Labor Market Impact of Russian Immigration in Israel, April 2000 Chang-Tai Hsieh and Sarit Cohen

1013	The Political Economy of Hong Kong SAR's Fiscal Policy, August 2000 Lok Sang Ho

1012	A Case Study of Economic Ecology: The Hong Kong Economy's Plunge into a Deep Recession in 1998, June 2000 Lok Sang Ho

1011	Market Size, Productivity and Employment with Labor Market Frictions. May 2000 Chung Yi Tse

1010	Long-Term Effectiveness of the Hong Kong Employees Retraining Programme, April 2000 William Chan and Wing Suen

1009	Schooling and Labor Market Impact of the 1968 Nine-Year Education Program in Taiwan, March 2000 Diane E. Clark and Chang-Tai Hsieh

1008	Structural Change and the Narrowing Gender Gap in Wages: Theory and Evidence from Hong Kong, September 1999 Simon Fan and Hon-Kwong Lui

1007	Efficiency wages and futures markets, February 2000 Udo Broll and Kit Pong Wong

1006	Unemployment and Vacancy in the Hong Kong Labor Market, February 2000 Charles Ka Yie Leung, Weslie Yuk Fai Chan and Chung Yie Tse

1005	External Recruitment and Intra-firm Mobility, December 1999 William Chan

1004	Consumption, Housing Rents and Housing Price: A Test of a Real Estate Pricing Model Using Hong Kong Data, February 2000 Francis K. Cheung and Shawn Ni and Alan Siu

1003	An Evaluation of the Hong Kong Employees Retraining Programme, October 1999 William Chan and Wing Suen

1002	Testing Rent Sharing Using Individualized Measures of Rent: Evidence from Domestic Helpers, April 2000 Wing Suen

1001	Some Preliminary Findings on Hong Kong Business Cycles, March 2000 Chi Fai Leung and Wing Suen

1000	Gender Wage Differentials and Occupational Segregation in Hong Kong, 1981-1996, Published in April 2000 Yun-Wing Sung, Junsen Zhang and Chi-Shing Chan

Source: Hong Kong Institute of Economics and Business Strategy (HIEBS)