CURRICULUM VITAE
GENE HSIN CHANG
PERSONAL DATA
Dept. of Economics, The University of Toledo, Toledo, OH 43606, U.S.A.
Office: (419) 530-4677; Fax: (419) 530-7844; E-mail: [email protected]
EDUCATION:
Ph.D., Economics, University of Michigan, 1989
M.A., Economics, University of Michigan, 1986
M.A., Asian Studies, University of California, Berkeley, 1984
B.A., Fudan University, Shanghai, China, 1982
RESEARCH, EDITORIAL AND ADMINISTRATIVE POSITIONS:
Director, Institute for Asian Studies, University of Toledo, 1998 – Current
Editorial Advisory Board, China Economic Review, 2005 - current
Editorial Board, The Chinese Economy, 2004 - current
Co-Editor, China Economic Review, 1996 – 2004
Specially Invited Research Fellow, Shanghai Economic and Development Committee, 2001-2003
Editorial Board, Modern China Studies, Center for Modern China, Princeton, fall, 1992 - Current
Visiting scholar, Harvard Institute for International Development, Harvard University, 1998 - 1999
Fulbright senior research scholar, the University of Warsaw, Poland, 1996-97
Editor, China in the Turn of the Century: Economic Issues, 1995 - 1996
Research fellow, Center for Modern China, Princeton, fall 1992 – Current
Research fellow, Center for China Studies, Univ. of Michigan, 1991
TEACHING POSITIONS:
Professor, U of Toledo, 2003 - Current
Lecture Professor, Fudan University, 2005 – current
Guest Professor, Shanghai University of Economics and Finance, 1999 - Current
Research Fellow, Shanghai Academy of Social Science, 1992 - Current
Concurrent Professor, Shanghai Academy of Social Science, 1992 – Current
Associate Professor of Economics, U. of Toledo, 1995 - 2003
Visiting Associate Professor, the Chinese University of Hong Kong, 1995-1996
Assistant Professor of Economics, U. of Toledo, fall 1989 - 1995
Instructor, Introductory Macroeconomics, U. of Michigan, 1988
Instructor, Applied Business Economics, Business School, U. of Michigan, fall 1987
Economist intern, The World Bank, Summer 1985, 1984
SCHOLASTIC HONORS AND FELLOWSHIP:
Fellow, Chinese Economist Society, 1998
Senior Fulbright scholar to Poland, 1996-1997
Honor, Chinese Economist Society, a member of Allied Social Science Associations (ASSA), 1994
Rackham Predoctoral Fellow, Univ. of Michigan, 1988-89
Ford Fellowship for studies in Asian economies at Univ. of Michigan
Departmental Fellowship in economics at Univ. of Michigan
Wheeler Fellowship at Univ. of California, Berkeley
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PUBLICATIONS IN FIELDS OF EXPERTISE:
A. PROFESSIONAL JOURNALS AND BOOKS IN FIELDS OF EXPERTISE
“The Paradox of China’s Growing Under-urbanization”, with Joe Brada, accepted, Economic Systems
“China's Income Inequality and Rural-Urban Gap: The Decomposition by Coefficient of Variation," in
Huang etc. ed., Issues of "San Nong" in China: Theory, Practice and Strtegy, Zhejiang University
Press, 2005, pp. 469-475,
“Decomposition of China’s Rising Income Inequality ---- Is Rural-Urban Income Gap Solely
Responsible?” in Song ed. China’s Agricultural Reform, forthcoming, Ashgate Publisher, USA.
“The Effect of Privatization on Employment --- Model and Policy Analysis”, book chapter,
forthcoming, Beijing University Press, (in Chinese)
“Effects of Privatization on Employment in Transitional China”, in Lin ed., forthcoming, Chinese
Economist Society, USA, 2005
“The Equilibrium Value of RMB and Reform of China’s Exchange Rate Regime”, Modern China
Studies, Princeton, U.S.A., 2005, Vol. 12, No.2, 2005, pp. 27-37.
“How Much Is the Chinese Currency Undervalued? A Quantitative Estimation,” with Qin Shao, China
Economic Review, Vol. 15, 2004, pp. 366-371.
“Is the Chinese Currency Undervalued? Empirical Evidence and Policy Implication,” The
International Journal of Public Administration, forthcoming, 2005
“China’s Optimal Inflation Rate: Model and Estimation,” China Journal of Finance, No. 1-2, Sept.
2003, pp. 1-11, Chengdu, China.
“The Relative Contributions of Location and Preferential Policies in China’s Regional Development:
Being in the Right Place and Having the Right Incentives”, with Sylvia Demurger and others,” China
Economic Review, Vol. 13, 2002, pp. 444-465.
“The Cause and Cure of China’s Widening Income Disparity,” China Economic Review, Vol. 13,
2002, pp. 335-340.
“Geographic Factors and China’s Regional Development Under Market Reforms, 1978-98,” with
Shuming Bao, Jeffrey Sachs, and Wing Tyae Woo, China Economic Review, Vol 13, 2002, pp. 89-111.
“China’s Urbanization Lag and Its Economic Costs” in A Chen and G Liu, ed., Unemployment and Social
Welfare, by Ashgate Publishing Ltd., 2002
"Geography, Economic Policy, and Regional Development in China," Asian Economic Papers, MIT
Press, Issue 1, Vol. 1, 2002, pp. 147 – 197.
"地理位置与优惠政策对中国地区经济发展的相对贡献", with Sylvia Demurger and others, 经济研
究， Issue 9, 2002，pp. 14 – 23.
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“China’s Urbanization and Unemployment Issues,” in Y, Chen and A. Chen, ed., An Analysis of
Urbanization in China, by Xiamen University Press, China, 2002, pp. 295-299.
“The Stability of RMB in the Post-Asian-Financial-Crisis Period,” in Fung and Zhang, edit, Financial
Market and Foreign Direct Investment in Great China, M.E.Sharpe, New York, 2001, pp.20-37
“China’s Optimal Inflation Rate Under Globalization,” in Wen et al., edit., WTO and China, People’s
University Press, Beijing, China, 2001, pp.258-269.
"Impact of Trade Liberalization on Structural Employment in China: A Computable General
Equilibrium Analysis," with Dianqing Xu, Pacific Economic Review, Vol. 5, No.2, 2000, pp.157-167.
"Empirical Analysis on the Alternative Employment Policies in China," in Yuguo Wang and Aimin
Chen, ed. China’s Labour Market and Problems of Employment, Southern University of Finance and
Economics, Sichuan, China, June, 2000, pp.118-131
"Long-term Development and China's Social Security System," in Dianqing Xu, ed., Economic Science
Press, Beijing, China, 1999, pp. 131-143.
"Observation of the Nature of Russia's Virtual Economy," Post-Soviet Geography and Economics, Vol.
40, No. 2, March, 1999, pp.114-120
"China after Deng; Macroeconomic Issues and Policies," in Dilemmas of Economic Reform in PostDeng China, in Andrew J. Nathan, ed., Lynne Reinner Publishers, Boulder, Co, 1999, pp.157-170
"Communal Duality: Agricultural Subsidies from TVEs," with Jame Wen, Contemporary Economic
Plicy, Vol. 19, No. 1, January 1999, pp.79-86.
"Food Availability versus Consumption Inefficiency: What is the Primary Concern of the Chinese
Famine," with James Wen, China Economic Review, No. 2, Vol. 9, 1998, pp.157-165.
"Report from Poland: The Experiences of Transition in Poland," Modern China Studies, No. 4, 1998,
Princeton, pp.105-121
"Is China Catching 'the Asian Flu'", with N. Lardy and E. Parker, China Economic Review, pp.96-101,
Nov. 1, Vol. 9, 1998.
“The Perspective of China’s Macroeconomy,” Modern China Studies, No. 1, 1998, Princeton, pp.57-66.
"Communal Dining and the Chinese Famine of 1958-61," with James Guanzhong Wen, Economic
Development and Cultural Change, Oct., 1997, Vol. 46, No.1, pp.1-34
"The Corporate Finance Issue Under Macroeconomic Adjustment," in Chang Chun et al., Reform of the
Banking System and Development of Regional Financial Center, China Economic Press, Beijing, China,
1997, pp.235-242.
"Structural Inflation and the 1994 Monetary Crisis in China", with Jack Hou, Contemporary Economic
Policy, Vol. 15, No. 3, July, 1997, pp.73-81
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"Monetary and Financial Policies and SOE Reform in China," in G J Wen and D Xu, The Reformabilty
of China's State Sector, World Scientific Press, New Jersey, 1997
"Wenzhou Model versus Sunan Model: Two Forms of Non-State Enterprise in China," with James
Wen, in Wen Hai, edit., Chinese Township Village Enterprise Nature Experience and Reforms,
Zhonghua Gongshang Lianhe Publisher, Beijing, China, 1997, pp.121-132.
"On the Policies of Industrial Subsidies to Agricultural Projects, " with James Wen, in Wen Hai, edit.,
Chinese Township Village Enterprise Nature Experience and Reforms, Zhonghua Gongshang Lianhe
Publisher, Beijing, China, 1997, pp.190-204.
"Monetary and Financial Policies And State Owned Enterprises Reform in China," In Xu and Wen,
The State Owned Enterprise Reform in China, the Economics Press of China, Beijing, 1997, pp.349361.
"Welfare Paradox in Economic Restructuring," with Dianqing Xu, Economics of Planning, Vol. 29,
No.1, 1996, pp. 25-31.
"The Relationship Between Growth and Inflation: Theory and Empirical Evidence," Shanghai
Economy (Shanghai Jingji yanjiu), Vol. 17, No.1, 1996, pp.32-34
"The Chinese Economy: Current State and Key Issues," in Hu, Hong and Stavrou , In Search of A
Chinese Road Towards Modernization, The Edwin Mellen, Lewiston, U.K., 1996, pp. 1-21.
"The Russian Economy: Problems and Prospect," in Hai, Wen, Russian Economy in Transition,
Business Management Publisher, Beijing, 1996, pp.29-44.
"Money, Banking and Regional Autonomy," in Modern China Studies, No. 1/2, Princeton, New Jersey,
1995, pp.106-117.
"What Caused Hyperinflation at Big Bang: Monetary Overhang or Structural Distortion?" China
Economic Review, (U.S.A.), Vol. 6, No.1, pp.137-147, 1995
"Monetary Overhang: Do Centrally Planned Economies Have Excessive Money Stocks?"
Contemporary Economic Policy, July 1994, pp.79-90.
Modern Economics Series, Editorial Board Member, Shanghai People's Publisher, Shanghai, China,
1993
"Reply: Disequilibrium Models,'' Comparative Economic Studies, Vol. 15, No. 3, pp.53-56, Fall,
1993.
"The Inconsistencies Among Disequilibrium Aggregates," Journal of Comparative Economics, Vol.
17, March, 1993, pp.70-91
"Asymmetric `min' Condition, Forced Saving, and Perceived and Comprehensive Shortages in
Centrally Planned Economies," Asian-Pacific Observer, Vol. 3, No.1, Spring 1993, pp.38-40.
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"Asymmetric `Min' Condition and Estimation for Disequilibrium in Centrally Planned Economies,''
Comparative Economic Studies, Vol.14, No.3-4, 1992, pp.54-67.
"An Instrumental Variable Method of Estimation for Disequilibrium Markets in Centrally Planned
Economies," Economics Letters, Vol. 39, 1992, pp.261-267.
"Immiserizing Growth in Centrally Planned Economies," Journal of Comparative Economics, Vol.15,
Dec., 1991, pp.711-717.
"Inflation and Monetary Policy in China," Comparative Social and Economic Systems (Jingji Shehui
Tizhi Bijiao), No.6, Nov. 1988, pp.33-40.
"Game Theory and Its Application in Modern Economics,'' Quarterly Academic Journal,, June 1989,
No. 2, Vol. 18, pp. 63-71
"On the Contradiction Between the Economic Growth Rate and Improvement of People's Well-Being,"
Chinese Economic Studies, (U.S.A.), Vol.21, No.3, Spring 1988, pp.59-77
"On Contrary Situations of Economic Growth and Welfare Improvement," Economic Research (Jing
Ji Yan Jiu),, Feb. 1987, pp. 37-45
"The Theoretical Basis of Transforming Price Subsidies into Direct Cash Subsidies," Young
Economists Forum (Zhongqingnian Jingji Luntan), Nov.-Dec. 1986, pp. 61-63
(JN) “The 1982-83 Overinvestment Crisis in China," Asian Survey (U.S.A.) 24:12, Dec. 1984, pp.
1275-1301
"The Small and Medium-Size Firms in Taiwan's Industry: A Comparative Perspective," in Gang Yi and
Xiaonian Xu, From Taiwan's Experience To Economic Reform In Mainland China, Chinese Economic
Press, Beijing, China, 1994.
China's Economic Reform: Analysis, Reflections and Prospects, Co-edited with Francis Lui, Dianqing
Xu, Hong Kong Center for Economic Research, Hong Kong Chinese University Press, 1991
"Decentralization and Regional Economic Autonomy," in Reform, Opening and Growth, refereed and
competitively selected by Chinese Economic Forum, Shanghai Three Joint Publishing Co., Shanghai,
China, 1991, pp.65-73,
"Repressed Inflation Index," chapter 13, refereed and competitively selected, in China's Economic
Reform: Issues and Perspectives, Chang, Lui, and Xu, (eds.), Hong Kong Center for Economic
Research, October, 1991.
"Decentralization and Regional Autonomy: An Inevitable Trend in China?" Collections of Speeches
and Discussion of Hao-Ran Workshops, published by Hao-Ran Foundation, Taiwan, 1991, Vol.4,
pp.35-53.
"Game Theory," refereed and competitively selected, in Tang and Mao, (ed.), Frontier of Modern
Economics, Beijing: Shangwu Press, 1989
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(Translation) Economic Development (by Kindleberger and Herrick), the Chinese version, cotranslated with Hong Jiang, Shanghai Translation Press, 1986
"Development of Collective Ownership," Fudan Journal (Fudan Xuebao), March 1979, pp. 99-102
B. RECENT WORKING PAPERS AND OTHER PUBLICATIONS:
“Effects of Privatization on Employment in Transitional Economies: A Model for China” with Joe
Brada,
“Nonlinearity of the Inflation-Growth Relationship and Optimal Inflation Rate,” with David Black.
“China Shall be Prepared for the Challenge of RMB Revaluation,” China Economic Analysis Working
Papers, No.5, Oct. 2003, Cross-Strait Interflow Prospect Foundation, Taiwan, ROC.
“Should RMB Revalue and How?” in Tung, CY, ed. RMB Exchange Rate: Economic and Strategic
Analysis, Taiwan, ROC, (in Chinese)
“China's Optimal Inflation Rate: Model and Estimation”
“The Relative Contributions of Location and Preferential Policies in China's Regional Development:
Being in the Right Place and Having the Right Incentives,” with Sylvie Démurger, Jeffrey D. Sachs,
Wing Thye Woo, and Shuming Bao, published at Social Science Research Network (SSRN), 2002
“China’s Urbanization Lag During the Period of Reform: A Paradox,” with Josef Brada
"The Chinese Economy in the Asian Financial Crisis: The Stability of RMB", International Finance
WPS Journal, SSRN, August, 1999
"Russia's Dual Economies", working paper
"The Mechanism of the Structural Inflation at Big Bang: A Macroeconomic Issue in a Nash
Perspective", working paper
“The Chinese Economy in the Asian Financial Crisis: The Prospect of RMB”, HIID, Development
Discussing Papers 669, Harvard University, Dec. 1998, also SSRN 1999
"Sustaining Rapid Growth in Poland: What Is the Primary Concern", Transitional Economics
Abstracts, Working Paper Series, Vol. 2, No. 15, Sept. 1998, also SSRN 1998
"Will China's Currency Renminbi Devaluate?" Working Paper Series, East Asian Institute, National
University of Singapore, Singapore University Press, August, 1998
"Social Security and Sustainable Growth in China", working paper for the International Symposium on
Social Security in China, Beijing, 1998
"A General Disequilibrium Model for Centrally Planned Economies"
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RECENT PAPER PRESENTATIONS (in the past three years):
Invited speaker of Theme Series, "The Controversies over the Chinese Currency Value:
China’s Central Bank’s Responses and the Future of Yuan", the International Convention of Asia
Scholars 4, August, 2005, Shanghai, China
"The Paradox of China's Growing Underurbanization Lag", presented in the International Convention
of Asia Scholars 4, August, 2005, Shanghai, China
“Sources of China’s Income Inequality: Empirical Analysis and Policy Options”, International
Symposium on Sustainable Growth in China, Chongqing, June 2005
“Hot Money Inflow and China’s Real East Market,” keynote speaker, International Forum of New
Market Economics and Roundtable of Shanghai Economists, June 2005
“Valuation of the Chinese Currency and Its Relevance to the Rest of the World”, presented in the
International Conference Commemorating the 3rd Visit of CES to Korea, Seoul, South Korea, July
2004
“The Rural-Urban Gap: The Core of the China’s Income Disparity”, presented in the 2004 International
Symposium on China’s Rural Economy, Hangzhou, China, June, 2004
“Effect of Privatization on Employment”, presented in the Beijing Symposium on Private Enterprises
and China's Economic Development, Beijing, China, June, 2004
“China’s Growing Economic Power and Its Currency,” presented at University of Missouri, St. Louis,
Oct. 2003.
“Currency Values in China: Policy or Politics” presented at Georgia Institute of Technology, Atlanta,
Nov. 2003
“Is China’s RMB Undervalued” presented in “Chinese after WTO” International Conference, Ann
Arbor, August, 2003.
“The Relative Contributions of Location and Preferential Policies in China’s Regional Development,”
with Sylvia Demurger and others, presented at American Economic Association Annual Conference,
January, 2003.
“China’s Optimal Inflation Rate: Model and Estimation,” presented at Western Economic Association
International Annual Conference, July 2002
“China’s Urbanization Lag: A Paradox,” with Josef Brada, presented at Western Economic Association
International, July 2002
“Optimal Inflation Rate: Model and Estimation,” presented at Hong Kong University of Economics and
Technology, June, 2002
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“China: Turning into the Largest Market in the World”, presented at Owens Corning, Toledo, Nov. ,
2001
“Urbanization and Absorption of the Surplus Labor in China,” presented at the International
Conference on the Urbanization in China, Xiamen, June, 2001
“Geographic Factors and China's Regional Development Under Market Reforms, 1978-98”, Asia
Economic Panel, Harvard University, April 2001
“Optimal Inflation, Sustainable Growth and China’s Macroeconomic Reform,” presented at the Unirule
Institute of Economics, Beijing, China, July 28, 2000
“Optimal Inflation Rate and China’s Sustainable Growth,” presented in International Conference
Developing through Globalization: China's Opportunities and Challenges in the New Century,
Pudong, China, July 6, 2000
“Exchange Rate Regime and Stability of Currency: Lessons from the Asian Financial Crisis,”
presented in the international conference, Challenges and Opportunities at the 21st Century for the
Greater Chinese Economy, St. Louis, March 25, 2000
“Growth with Stable Price: Technology and American Economy,” presented at Shanghai Univ. of
Finance and Economics, Shanghai, March 9, 2000
“Geographic Factors, Transportation Costs and China’s Regional Development under Market Reform,”
with Jeffrey Sachs, Shuming Bao, and Wing Woo, Allied Social Science Associations Conference,
Boston, January, 2000
EXTERNAL GRANTS RECEIVED:
“Calculation of Optimal Growth Rate,” Shanghai Social Science Fund and China Bridge Foundation,
2000, U.S.A., total $2,000.
"The Chinese Economy in the Asian Crisis", Lee Foundation, Singapore and National University of
Singapore, 1998, received, $1600
The Fulbright research scholarship, 1996-1997, received, $22,400
Grant awarded to estimation of disequilibrium market in China, by Hong Kong Education Council,
1997, received, $1500
"Development of the Capital Market in Shanghai," jointly applied with the Shanghai Academy of
Social Sciences, granted by the Ford Foundation in 1996, received and completed in 1999, $40,000
"Inflation and Its Impact on the Chinese Price Reform," granted by the Euro-Asia Foundation, April,
1995, received, $5,000.00
Seminar on "Shanghai in International Economy," granted by the Ford Foundation, September, 1994,
received, $2,000.00
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"Study on the Rapid Development of Non-State Enterprises in China", granted by the Asia Foundation
for attending the International Conference on Property Rights of TVEs in China, Hangzhou, China,
August 1994, received, $800.00.
"Shortages in Consumption Goods and Slack in Production in Mainland China," awarded by the
Chinese Academy of Science (Taiwan), May, 1993, received, $1,100.00.
Research on the development of the non-state sector and regional development in China, awarded by
the Ford Foundation, received, $6,500, 1992
Research on the development of the non-state sector and regional development in China, granted by the
Committee on Economic Education and Research in China, National Academy of Science, Washington
D.C., received, $19,000, 1992.
"China Economic Reform: Reflections and Prospects," co-researched with Bruce Sun and Zhengfu Shi,
Center for Modern China, N.Y., 1991, received, $5,000
Raising fund for conferences and publications organized by the Chinese Economists Society, from Ford
Foundation, China Times Foundation, United News Foundation, etc. 1991, received, total: $97,000.
"Empirical Evidence of Repressed Inflation in P.R.China," Travel Grants in Support of Research on
China, Committee on Economics Education and Research in China, National Academy of Sciences,
Washington, D.C., received, $1,100
INTERNAL GRANTS RECEIVED
“Urbanization and Surplus Labor” Urban Affair Center and Kohler, 2001, total $3200
“Scholarly Exchange in Economics,” Kohler International Fund, 2000, $1300.00
"Structural Inflation, Economic Restructuring and Sustained Growth: The Case of China", University
Research Awards and Fellowship Program, University of Toledo, 1998, $6000.00
"Inflation and Monetary Policy in Transitional Economies," Direct Research Grant, The Chinese
University of Hong Kong, 1995, HK$55,000
"The Variability of Desired Money Balances and Mitigation of Monetary Overhang in Economic
Transition," University Research Awards and Fellowship Program, University of Toledo, 1993,
$7,240.00
"Estimates of the Disequilibrium in Centrally Planned Economies," University Research Awards and
Fellowship Program, University of Toledo, 1991, $7,000.00
"On Price, Inflation and Their Measurement," Research Council Research Support Program, The
University of Toledo, $6,500
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"Estimation of Repressed Inflation in Centrally Planned Economies and other Controlled Economies,"
Rackham Dissertation Research Grant, Univ. of Michigan, Ann Arbor, $1,700
MEMBERSHIPS AND ACTIVITIES:
(Chinese Economists Society is a member of Allied Social Science Associations (ASSA)).
President, Chinese Economists Society, U.S.A., 1990-1991
President, Chinese Association of Great Toledo, 1996-1997
Director, Chinese Economists Society, U.S.A., 1986-1988
Member, American Economic Association
Member, Royal Economic Society. U.K.
Member, Association for Comparative Economic Studies
Member, Association for Asian Studies, Inc.
Member, Center for Chinese Studies, U. of Michigan, 1984-present
Member, Group of East Asian Studies, U. of Cal., Berkeley, 1982-84
Director, Young Economists Society, Shanghai, China, 1979-81
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