Research Interests Econometrics, Policy Evaluation, Chinese Economy
Publications In English: (1) “Home-Purchase Restriction, Property Tax and Housing Price in China: A Counterfactual Analysis”, with Lin Zhang, Journal of Econometrics (SSCI, SCI), forthcoming [link] (2) “The Macroeconomic Effects of the Canada-U.S. Free Trade Agreement on Canada: A Counterfactual Analysis”, with Lin Zhang, Cheng Hsiao and Hua Yin, The World Economy (SSCI), forthcoming [link] (3) “A Nonparametric Distribution-Free Test for Serial Independence of Errors”, with Juan Carlos Escanciano,Econometric Reviews (SSCI, SCI), 2015, 34(6-10), pp. 1010-1033 [link] (4) “Decomposing the Rich Dad Effect on Income Inequality Using Instrumental Variable Quantile Regression”, with Renyu Li, Qinying He and Lin Zhang, China Economic Review (SSCI), 2014, Vol. 31, pp. 379–391 [link] (5) “Testing for Serial Independence of Panel Errors”, Computational Statistics & Data Analysis (SCI), 2014, Vol. 76, pp. 248–261 [link] (6) “The Macroeconomic Effects of the 35-Hour Workweek Regulation in France”, with Hua Yin and Lin Zhang, B.E. Journal of Macroeconomics (SSCI), 2013, Vol. 13, No.1, pp. 881–901 [link] (7) “The Effects of Medical Insurance on Durables Consumption in Rural China”, with Meiling Ying, China Agricultural Economic Review (SSCI, SCI), 2012, Vol. 4, No. 2, pp. 176-187 [link] (8) “Intraday Probability of Informed Trading”, Economics Bulletin (JEL, EconLit), 2011, Vol. 31, No. 4, pp. 3103-3112 [link]
In Chinese: (1) “Guanxi, Formal and Informal Credit”, with Yongyuan Sun and Lin Zhang,China Economic Quarterly (CSSCI 经济学季 刊), 2015, forthcoming (2) “Survey on Matching Method: Theory and Applications”, with Xingxiang Wen, Statistical Research (CSSCI 统计研究), 2015, Vol. 32(4), pp. 104-112 [link] (3) “Guanxi, Stock Market Participation and Stock Return”, with Guangwei Zhu and Lin Zhang, Economic Research Journal (CSSCI 经济研究), 2014, Vol. 11, pp. 87-101 [link] (4) “Rich Dad, Poor Dad and Offspring Income Inequality”, with Renyu Li, Qinying He and Qiang Gong, China Economic Quarterly (CSSCI 经济学季 刊), 2014, Vol. 14(1), pp. 231-257 [link] (5) “China’s Rural Household Consumption Behavior － Based on the Perspective of Health Risk and Medical Insurance”, with Jihong Ding and Meiling Ying, Journal of Financial Research (CSSCI 金融研究), 2013, Vol. 10, pp. 154-166 [link] (6) “The Non-monotonic Price Adjustments under Demand Shocks: Evidence from the Airline Market along the Beijing-Shanghai High-speed Railway”, with Feng Wei, Lan Zhang and Han Li, Nankai Economic Studies (CSSCI 南开经济研究), 2012, Vol. 6, pp. 133-150 [link]
Papers under Review (1) “Backtesting Expected Shortfall: Accounting for Tail Risk”, with Juan Carlos Escanciano, 2015 (submitted) [link] A previous version was circulated under the title “Simple Automatic Portmanteau Tests for Conditional Dynamic Models” [link] (2) “Nonparametric Bootstrap Tests for Independence of Generalized Errors”, 2015 (submitted) [link] (3) “Special Economic Zone and Local Economic Growth: Evidence from Tianjin”, with Bing Li, Pei Pei and Lei Zhou, 2015 (submitted) (4) “Market Competition and Price Dispersion：Evidence from China Airline Market”, with Lan Zhang, Han Li and Feng Wei, 2014 (submitted) (5) “Guanxi, Insurance Purchasing and Insurance Compensation”, with Donghao Zhang and Lin Zhang, 2014 (submitted) (6) “The Effect of Economic Development on Intergenerational Income Mobility: Evidence from China”, with Renyu Li, Qiang Gong and Qinying He, 2014 (submitted) (7) “Explaining Fluctuations in Global Soybean Prices: The Role of China”, with Xiaoguang Chen and Guoping Tian, 2014 (submitted) (8) “The Effect of Economic Integration of Macau with Mainland China: A Counterfactual Analysis”, with Hua Yin and Lin Zhang, 2014 (submitted)
Working Papers Theoretical and Financial Econometrics: (1) “Backtesting Expected Shortfall”, with Juan Carlos Escanciano and Pei Pei, 2015 (2) “Short-Selling, Margin-trading, Index Futures and Stock Market Volatility”, with Yu Wu and Guangwei Zhu, 2015 (3) “Expectile Curves without Crossing”, with Mengmeng Guo and Yu-Chin Hsu, 2014 (4) “A Nonparametric Test for Structural Change in Conditional Distribution,” with Juan Carlos Escanciano, 2010 (5) “An Empirical Study on Pessimistic Portfolio Choice”, 2010
Chinese Economy and Policy Evaluation: (6) “Guanxi and Income Inequality”, with Jiannan Guo and Lin Zhang, 2015 (7) “Does Better Appearance Pay: Evidence from China Labor Market”, with Jingye Shi and Ping Zheng, 2015 (8) “Does it Pay to Study Abroad”, with Rui Li and Yuting Sun, 2015 (9) “Exchange Rate Policy and Economic Growth”, with Jie Li and Pei Pei, 2015 (10) “The Effects of Earthquake on Economic Growth”, with Pei Pei and Lei Zhou, 2015
Funded Research Projects (1) “Specification Tests for Risk Management Models”, Jan. 2015- , Supported by the National Natural Science Foundation of China, 71401140. (2) “The Effects of Home-Purchase Restriction and Property Tax on Housing Price in China”, Apr. 2014- , Supported by The Fundamental Research Funds for the Central Universities for SWUFE, JBK140138 (3) “Conditional Goodness-of-Fit Tests for Financial Models”, Sep. 2011- , Supported by Western and Border Areas Program, Humanities and Social Sciences, Ministry of Education of China, 11XJC790002. (4) “Specification Tests for Financial Models”, Dec. 2010-Dec. 2012, Supported by Young Faculty Development Fund, 211 Project for Southwestern University of Finance and Economics (3rd phase), 211QN10085.