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

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

Director, Institute for Asian Studies, University of Toledo, 1998 - Current
Co-Editor, China Economic Review, 1996 – 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 Associate, Center for Modern China, Princeton, fall 1992 - 2000
Editorial Board, Contemporary China Studies, Center for Modern China, Princeton,  fall, 1992 - 1994
Research Fellow, Shanghai Academy of Social Science, 1992 - 1996
Research Fellow, Center for Chinese Studies, The University of Michigan, Ann Arbor, 1990 - 1991

Associate Professor of Economics, U. of Toledo, 1995 - Current
Guest Professor, Fudan University, 2001 – Current
Concurrent Professor, Shanghai University of Economics and Finance, 2000 – Current
Visiting Professor, Xi-An Foreign Language University, 2000 – Current
Concurrent Professor, Shanghai Academy of Social Science, 1992 - Current
Professor, Zhejiang Institute of Asian-Pacific Studies, Zhejiang, China, 1992 - Current
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

A.  PROFESSIONAL JOURNALS AND BOOKS IN FIELDS OF EXPERTISE

“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” accepted, in A Chen and G Liu, ed., Unemployment and Social Welfare, by Ashgate Publishing Ltd., 2002

“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 Dainqing 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 Post-Deng 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,  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

"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.349-361.

"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.

"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, Vol. 24, pp. 36-48

"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

(Translation) Economic Development (by Kindleberger and  Herrick),  the Chinese version, co-translated with Hong Jiang,  Shanghai Translation Press, 1986

"Development of Collective Ownership," Fudan Journal (Fudan Xuebao), March 1979, pp. 99-102

“China's Optimal Inflation Rate: Model and Estimation”

“Nonlinearity of the Inflation-Growth Relationship and Optimal Inflation Rate,” with David Black.

“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"
 

“China’s Optimal Inflation Rate: Model and Estimation,” presented in Western Economic Association International, July 2002

“China’s Urbanization Lag: A Paradox,” with Josef Brada, presented in Western Economic Association International, July 2002

“Optimal Inflation Rate: Model and Estimation,” presented in Hong Kong University of Economics and Technology, June, 2002

“China: Turning into the Largest Market in the World”, presented in Owens Corning, Toledo, Nov. , 2001

“Urbanization and Absorption of the Surplus Labor in China,” presented in 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 in 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 in 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

"Geographic Factors, Transportation Costs and China's Regional Development under Market Reforms, 1978-98," presented at the Chinese University of Hong Kong, Hong Kong, August, 1999

"Empirical Analysis on the Alternative Employment Policies in China," presented in the International Conference on Labor Market and Unemployment Policy in Transitional China, Chengdu, China, July, 1999

"Recent Development in Economic Geography," presented at Xinjiang University, China, June, 1999

"Quantitative Analysis on the Chinese Regional Diversity,"  presented at the Economic Research Institute, Xinjiang University, June 1999

"The Asian Financial Crisis and Prospect of Asian Economies,"  presented at the Shanghai University of Finance and Economics, Shanghai, China, June 1999

"The Great Leap Forward Calamity,"  presented at the University of Michigan, March, 1999

"Statistical Evidence of the Primary Cause of the Chinese Famine", American Economic Association session, Jan 1999

"Can China Catch the Asian Flu: the Soft-Landing and Macroeconomic Stabilization Policies", American Economic Association session, Jan 1999

"The Asian Lesson to China," Center for Modern China, New York, Dec. 1998

"The Chinese Economy in the Context of the Asian Crisis", presented at the University of Michigan, October, 1998

"The Chinese Economy Under the New Leadership," presented at the Joined Symposium by National University of Singapore and the Singapore Press Holding, July, 1998.

"Social Security System and Economic Growth in the Long-Run," presented in the International Symposium on Estalbishing a Market-Oriented Social Security System in China, June, 1998

“Communal Dining , FAD, and Chinese Famine,” presented in the American Economic Association annual conference, Chicago, January, 1998

"What Is Wrong with Aisa: The Other Interpretation of The Asian Financial Crisis," presented in the City University of Hong Kong , Hong Kong, July, 1998

"Shortages in Consumer Markets and Slacks in Production in Centurally Planned Economies," to Far East Econometric Society Conference, Hong Kong, July, 1997

"The Chinese Economic Reform and Its Implication to Poland," the University of Warsaw, Warsaw, Poland, June, 1997.

"Macroeconmic Crisis and Cure in Economic Restructuring," Budapast  University of Economics, Budapast, Hungary,  May, 1997

"Inflation in Economic Restructuring and Policy Options",  Economics University of Prague, Prague, Czech Republic, May, 1997

(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
Who's Who in the World, 1995
Who's Who in Education, 1995