Dr. KWAN Yum Keung Fred (關蔭強博士)

PhD - Economics (University of Minnesota)
BSSc - Economics (The Chinese University of Hong Kong)

Associate Professor

Dr. KWAN Yum Keung Fred (關蔭強博士)

Contact Information

Address: 9-254, Lau Ming Wai Academic Building
City University of Hong Kong
Phone: +852 34427578
Fax: +852 34420284
E-mail:
efykkwan@cityu.edu.hk

Research Areas

  • Econometrics
  • Macroeconomics
  • Hong Kong and Chinese Economy
  • International Finance

Dr. Yum Keung Kwan joined the department as an Associate Professor in July 1998 after teaching at the Hong Kong University of Science and Technology and the University of Chicago. Dr. Kwan received his PhD in economics from the University of Minnesota. He has published in the Journal of Comparative Economics, Journal of Economic Dynamics and Control, Journal of Econometrics, Journal of Monetary Economics, and Pacific Economic Review, covering a variety of topics in macroeconomics, econometrics, and Hong Kong and Chinese economy.

Publications

Journal Articles
  • Yum K Kwan and Mi Lin (June 2017), "FDI spatial spillovers in China", World Economy, Vol. 40, pp. 1514-1530.
  • Yum K Kwan and Mi Lin (February 2016), "FDI technology spillovers, geography, and spatial diffusion", International Review of Economics & Finance, Vol. 43, pp. 257-274.
  • Yum K Kwan, Charles K Leung and Jinyue Dong (January 2015), "Comparing consumption-based asset pricing models: The case of an Asian city", Journal of Housing Economics, Vol. 28, pp. 18-41.
  • Yum K. Kwan and Jinyue Dong (2014), "Stock price dynamics of China: What do the asset markets tell us about the Chinese utility function?", Emerging Markets Finance and Trade, Vol. 50, pp. 77-109.
  • Y K Kwan and Mi Lin (2011), "Sectoral location of FDI in China", World Economy, Vol 34, pp.1181-1198.
  • Y K Kwan and Larry D. Qiu (2010), "The ASEAN+3 Trading Bloc", Journal of Economic Integration, Vol. 25, pp. 1-31.
  • Y K Kwan, Francis T. Lui (2004), "Les Regimes De Caisse D'emission Sont-ils Performants? Le Cas De Hong-Kong", Revue-d'Economie-Financiere, Vol. 75, pp. 153-178.
  • Y K Kwan and Edwin L Lai (2003), "Intellectual Property Rights Protection and Endogenous Economic Growth", Journal of Economic Dynamics & Control, Vol. 27, pp. 853-873.
  • Y K Kwan and Leonard K Cheng (2000), "What are the Determinants of the Location of Foreign Direct Investment? The Chinese Experience", Journal of International Economics, Vol. 51, pp. 379-400.
  • Y K Kwan (1999), "Asymptotic Bayesian analysis based on a limited information estimator", Journal of Econometrics, Vol. 88, pp. 99-121.
  • Gregory C Chow and Yum K Kwan (1998), "How the basic RBC model fails to explain US time series", Journal of Monetary Economics, Vol. 41, pp. 301-318.
  • Yum K Kwan and Gregory C Chow (1997), "Chow's method of optimal control: A numerical solution", Journal of Economic Dynamics & Control, Vol. 21, pp. 739-752.
  • Gregory C Chow and Yum K Kwan (1997), "Rational expectation is not generally valid for econometric models: Evidence from stock market data", Pacific Economic Review, Vol. 2, pp. 149-163.
  • Yum K Kwan and Gregory C Chow (1996), "Estimating economic effects of political movements in China", Journal of Comparative Economics, Vol. 23, pp. 192-208.
  • Gregory C Chow and Yum K Kwan (1996), "Economic effects of political movements in China: Lower bound estimates", Pacific Economic Review, Vol. 1, pp. 13-26.
Presented Conference Papers
  • Kate Hynes, Yum K Kwan and Anthony Foley (June 2017), "Local linkages: The interdependence of foreign and domestic firms", presented at the international conference "Issues of Economic and Financial Market Reforms and Development in Emerging Markets", Lincoln, UK.
  • Y K Kwan (23-25 June 2005), "The Direct Substitution between Government and Private Consumption in East Asia", presented at the 16th East Asian Seminar on Economics, National Bureau of Economic Research (NBER), Manila, Philippines.
Conference Papers
  • Leonard K Cheng, Yum K Kwan and Francis T Lui (1999), "Risk premium, currency boards, and attacks on the Hong Kong dollar", American Economic Association Meetings, New York.
  • Francis T. Lui, Leonard K Cheng and Yum K Kwan (1999), "An alternative approach to defending the Hong Kong dollar", American Economic Association - Chinese Economists Society Joint Session, New York, USA.
Working Papers
  • Y K Kwan (2006), "The direct substitution between government and private consumption in East Asia", NBER Working Paper, No. 12431..
  • Y K Kwan and Larry D Qiu (2003), "The ASEAN+3 trading bloc", East Asian Bureau of Economic Research, Australian National University, Trade Working Papers, No. 196..
  • Y K Kwan and Francis T Lui (1996), "Hong Kong's currency board and changing monetary regimes", NBER Working Paper, No. 5723..
Books and Book Chapters
  • Y K Kwan (2007), "The direct substitution between government and private consumption in East Asia", T. Ito and A. Rose (eds) Fiscal Policy and Management in East Asia, University of Chicago Press, Chicago, USA, pp. 45-58, Chapter 2.
  • Y K Kwan, Francis T. Lui (2005), "How well Has Currency Board Performed? Evidence from Hong Kong", <SPAN style="FONT-SIZE: 9pt; FONT-FAMILY: Arial; mso-fareast-font-family: SimSun; mso-ansi-language: EN-US; mso-fareast-language: ZH-CN; mso-bidi-language: AR-SA"><EM>in Y K Kwan and Eden S.H. Yu (eds) Critical Issues in China’s Growth and Development</EM></SPAN>, Ashgate, Aldershot, United Kingdom, pp. 217-241, Chapter 10.
  • Y K Kwan and Eden S.H. Yu (2005), Critical Issues in China's Growth and Development, Ashgate, Aldershot, United Kingdom.
  • Y K Kwan, Francis T. Lui and Leonard K. Cheng (2003), "Currency Board, Asian Financial Crisis, and the Case for Put Options", in L.S. Ho and C.W Yuen (eds.) Exchange Rate Regimes and Macroeconomics Stability, Kluwer, New York, USA, pp. 185-214, Chapter 10.
  • Y K Kwan, Francis T Lui and Leonard K Cheng (2001), "Credibility of Hong Kong's currency board: The role of institutional arrangements", T. Ito and A.O. Krueger (eds) Regional and Global Capital Flows: Macroeconomic Causes and Consequences, University of Chicago Press, Chicago, USA, pp. 233-259, Chapter 7.
  • Y K Kwan and Francis T Lui (2000), "Deregulation, profit, and cost in commercial banking: The case of Hong Kong", T. Ito and A.O. Krueger (eds) Deregulation and Interdependence in the Asia-Pacific Region, University of Chicago Press, Chicago, USA, Chapter 10.
  • Leonard K. Cheng and Y K Kwan (2000), "The location of foreign direct investment in Chinese region: Further analysis of labor quality", T. Ito and A.O. Krueger (eds) The Role of Foreign Direct Investment in East Asian Economic Development, University of Chicago Press, Chicago, USA, pp. 213-235, Chapter 7.
  • Y K Kwan and Francis T Lui (1999), "Hong Kong's currency board and changing monetary regimes", T. Ito and A.O. Krueger (eds) Changes in Exchange Rates in Rapidly Developing Countries, University of Chicago Press, Chicago, USA, pp. 403-429, Chapter 15.
  • Leonard K Cheng and Y K Kwan (1999), "Foreign capital stock and its determinants", Yanrui Wu (eds) Foreign Direct Investment and Economic Growth in China, Edward Elgar, Cheltenham, United Kingdom, pp. 42-56, Chapter 3.
  • Alex Chan and Yum K Kwan (ed.) (1998), The Hong Kong Dollar Crisis Revisited, Infowide Press, Hong Kong.