Position

Associate Professor

Contact

E-mail: kywoo@hksyu.edu
Office: RHB 435
Telephone number: 2804 8528

Academic and Professional Qualifications

  • PhD, Economics, University of Stirling, UK
  • M.Soc.Sc., Money, Banking and Finance, University of Birmingham, UK
  • Honours Diploma, Economics, Hong Kong Shue Yan College, Hong Kong
  • Financial Risk Manager – Certified by the Global Association of Risk Professionals
  • Letter of Achievement, CFA Institute
  • Pass, Options Officer and Representative Examination, The Stock Exchange of Hong Kong
  • Diploma, Investment Analysis and Portfolio Management, Hong Kong Securities Institute
Research Interests
 
  • Economics of Finance 
  • Applied econometrics

Courses Taught

  • History of Economic Thought
  • Financial Economics
  • Foundations of Finance
  • Intermediate Microeconomics
  • Internship
  • Introduction to Financial Derivatives
  • Seminar on Global Financial Environment

Funded Research Projects

  • PI: "Empirical Tests of Economic Integration and Estimates of Transaction Costs: A Study of Belt and Road Initiative" funded by the University Grants Committee (UGC) (UCG/FDS15/B06/20) (with Shu-Kam Lee, Co-I, Wing-Kwong Au, Co-I and Wing-Keung Wong, Co-I), 2021-2022.
  • PI: "Testing for Economic Convergence in the Greater Bay Area" funded by the University Research Grant (URG) of the Hong Kong Shue Yan University (URG/19/01) (with Shu-Kam Lee, Co-I), December 2019-May 2021. 
  • Co-I: "Recent Development in Theoretical and Applied Econometrics" funded by the University Grants Committee (UGC) (UGC/IIDS15/102/18) (with Wai-Kee Yuen, PI and Chi-Ho Tang, Co-I), 2019.
  • Co-I: "Nonlinear Cointegration and Relevant Market Definition: A study of Grocery Markets” funded by the University Grants Committee (UGC) (UGC/FDS15/B06/14) (with Shu-Kam Lee, PI and Paul Shum, Co-I), 2015 – 2017.
Referee for academic journals:
 
Journal of Risk and Financial Management
Empirical Economics
Economics and Business Letters
Economic Modelling
Journal of Money, Credit and Banking
International Journal of Finance and Economics
Applied Economics
International Journal of Behavioural Accounting and Finance
Journal of Macroeconomics
 

Publications

Journal Articles

  • "Food price convergence in Canada: A nonparametric nonlinear cointegration analysis", (with Shu-Kam Lee and Alan T. Y. Chan), Economics Bulletin, Vol. 40, No.3, 2020, p. 2361-2371
  • "Evidence on PPP with China along the belt and road using the three-regime TAR cointegration tests". (with Shu-Kam Lee and Paul Kwok Shum), Empirical Economics, forthcoming. 
  • "Review on efficiency and anomalies in stock markets". (with Chulin Mai, Michael McAleer and Wing-Keung Wong), Economies, Vol. 8(1), 2020, 20.
  • "An investigation into the dynamic relationship between CPI and PPI: Evidence from the UK, France and Germany". (with Shu-Kam Lee and Cho-Yiu Joe Ng) Singapore Economic Review, Vol. 64, 2019, p.1081-1100.
  • "Price convergence in the UK supermarket chains: Evidence from nonlinear cointegration approach". (with Shu-Kam Lee), Economics and Business Letters, Vol. 7(3), 2018, p.115-125.
  • "Empirical study on conservative and representative heuristics of Hong Kong small investors adopting momentum and contrarian trading strategies". (with Wing-Keung Wong, Sheung-Chi Chow and Tai-Yuen Hon), International Journal of Revenue Management, Vol. 10, 2018, p.146-167. Special Issue on: Asian Consumer and Family Behaviour. 
  • “Rank tests for price convergence in Australian beverage markets”, (with Shu-Kam Lee and Paul Shum), Applied Economics Letters, Vol. 25(12), 2018, p.862-866.
  • “Analysis of threshold cointegration with asymmetric adjustments in the Hong Kong grocery industry”, (with Shu-Kam Lee and Paul Shum), Applied Economics, Vol. 49, 2017, p. 5591-5560.
  • “The Relationship between personality traits and Investment risk preference”, (with Chung-Chu Liu and Tai-Yuen Hon), International Journal of Revenue Management, Vol. 9, 2016, p.57-71.
  • “An investigation into the dynamic relationship between international and China’s crude oil prices”, (with Hing-Lin Chan), Applied Economics, Vol. 48, 2016, p.2215-2224.
  • “Nonlinear adjustments to Intranational PPP”, (with Shu-Kam Lee and Alan Chan), Journal of Macroeconomics, Vol. 40(C), 2014, p.360-371.
  • “Studying the dynamic relationships between residential property prices, stock prices, and GDP: Lessons from Hong Kong”, (with Hing-Lin Chan), Journal of Housing Research, Vol. 22, 2013, p.75-89.
  • “Day-of-the-week effect on the return and conditional variance of the H- shares index in Hong Kong”, (with Hing-Lin Chan), Applied Economics Letters, Vol. 19, 2012, p.243-249.
  • “Impact of the Financial Tsunami on the Convergence of the Consumer Price Index in China: A Time-Varying Parameter Approach”, (With Shu-Kam Lee and Raymond Wai-Man Yeung), The Chinese Economy, Vol. 44, No.3, 2011. p.71-83.
  • “Does Price really Converge among Provinces in Canada? A Study using Unit Root Tests for Cross-sectional Panels”, (with Alan Chan, Shu-Kam Lee and Robert A. MacDonald), Journal of US-China Public Administration, Vol. 7, 2010, p.47-55.
  • “Detecting Intra-National PPP Model in China: A Median-Unbiased Estimation Approach”, (with Shu-Kam Lee), Economic Modelling, Vol. 26, 2009, p.1029-32.
  • “Testing for stochastic explosive root bubbles in Asian emerging stock markets”, (with Hing-Lin Chan) Economics Letters, Vol. 99, 2008, p.185-188.
  • “Bubbles Detection for Inter-war European Hyperinflation: A Threshold Cointegration Approach”, (with Hing-Lin Chan), Journal of Economics and Finance, Vol. 30, No. 2, 2006, p.169-185.
  • “Regional Distribution of FDI in China: A Multivariate Data Analysis of Major Socio-Economic Variables”, (with Che-Cheong Poon and Tai-Yuen Hon), The Chinese Economy, Vol. 38, No. 2, 2005, p.56-87.
  • “An Empirical Investigation of Price and Exchange Rate Bubbles during the Interwar European Hyperinflations”, (with Hing-Lin Chan and Shu-Kam Lee), International Review of Economics and Finance, Vol. 12, 2003, p.327-344.
  • “Detecting Rational Bubbles in the Residential Housing Markets of Hong Kong”, (with Hing-Lin Chan and Shu-Kam Lee), Economic Modelling, Vol. 18, 2001, p.61-73.
  • “Cointegration Analysis of the Intensity of the ERM Currencies under the European Monetary System”, Journal of International Financial Markets, Institutions and Money, Vol. 9, 1999, p.393-405.

Book Chapters

  • “Economic Freedom and Economic Development”, (with Alan Chan), in Tony Fu-Lai Yu, Thomas Wai-Kee Yuen and Diana S. Kwan (ed.) International Economic Development: Leading Issues and Challenges, London: Routledge, Chapter, 7, 2014, p.109-142.
  • “The Process of Price Convergence in China”, (with Shu-Kam Lee and Raymond Wai-Man Yeung), in Yu, Fu-Lai, Lee, Shu-Kam and Yuen, Wai-Kee (ed.), Economy and Society in Mainland China, Taiwan and Hong Kong: Studies in Entrepreneurship, Finance and Institutions, Hong Kong: Ovis Press, Chapter 5, 2011, p.91-108.
  • <中國省際價格差距,其收歛速度與國內市場一體化> (與李樹甘合著),《樹仁學報》,第四期,2008年出版,第220-238頁。
  • <中國內地市場一體化進程的實証檢驗> (與李樹甘合著),《市場經濟發展:國際視角 中國經驗》,王躍生,張德修,李樹甘主編,2006,p.140-152。
  • “Stock Price Reactions to the Announcement of Changes in the Hang Seng Index Constituents”, Shue Yan Academic Journal, Third Issue, 2005, p.336-346.
  • “Model Misspecification versus Price Bubbles: Evidence from the Asian Stock Markets”, (with Hing-Lin Chan and Shu-Kam Lee), in Albert Tavudze (ed.), Progress in Economics Research, Vol. 10, Nova Science, Chapter 6, 2005, p. 81-97.
  • “Testing for Model Misspecification and Bubbles under the Chinese Hyperinflation” (with Hing-Lin Chan), in Albert Tavudze (ed.), Progress in Economics Research, Vol. 4, Nova Science, Chapter 2, 2002, p. 13-28.
  • <股票分析員可信嗎?—- 預測能力的評估> (與李樹甘合著) ,《樹仁學報》,第二期,2001年出版,第194-199頁。
  • <從長期均衡匯率決定看人民幣及港幣匯率的走勢> (與潘志昌及李樹甘合著),《金融監管與風險防範:國際經濟專家論東亞金融危機》,北京大學國際經濟研究所編,經濟日報出版社,1998年8月出版,第80-91頁。
  • <中國各地區經濟狀況的群聚分析> (與韓大遠及潘志昌合著) , 《中國經濟改革與社會發展中的地區間協調發展國際研討會論文集》,1996。

Working Papers

  • “Volatility between commodity and stock sectors: evidence in Hong Kong and the implication of hedging effectiveness”, (with Hok-Fu Wu), Working paper, Hong Kong Shue Yan University, 2015.
  • “Critical values of the GLS TAR and GLS MTAR cointegration tests under consistent threshold estimation”, (with Shu-Kam Lee), Working paper, Hong Kong Shue Yan University, 2015.
  • “Integration of the Indian market with national stock markets”, (with Hui-Hui Xu), Working paper, Hong Kong Shue Yan University, 2015.
  • “Study on the Performance of Initial Public Offerings in Hong Kong during 2008 to 2012”, (with Leong-Kwan Chan), Working Paper, Hong Kong Shue Yan University, 2014.
  • “Threshold adjustments to intranational PPP in Canada”, (with Shu-Kam Lee and Alan Chan), Working Paper, Hong Kong Shue Yan University, 2013.
  • “Detecting property price bubbles in Hong Kong: A Gibbs sampling approach”, (with Hing-Lin Chan), Working Paper, Hong Kong Shue Yan University, 2012.
  • “Economic freedom and growth”, (with Shu-Kam Lee and Raymond Wai-Man Yeung), Working paper, Hong Kong Shue Yan University, 2012.
  • “The discrepancy between the total value of monetary transactions and GDP in China”, (with Che-Cheong Poon), Working paper, Hong Kong Shue Yan University, 2007.
  • “The Relationship between Socio-Economic Environment and Regional Distribution of Foreign Direct Investment in China”, (with Che-Cheong Poon and Tai-Yuen Hon), Working Paper, Hong Kong Shue Yan College, 2004.
  • “Bubbles, Misspecification Errors and Nonstationary Estimation: A Study of the Property Market in Hong Kong”, (with Shu-Kam Lee and Hing–Lin Chan), Working Paper, Hong Kong Shue Yan College, 2000.
  • 〈中國各地區之間經濟發展狀況的群聚分析〉(與潘志昌、韓大遠合作),Working Paper, Hong Kong Shue Yan College, 1997.

Conference Papers

  • "The Rank Tests for Nonlinear Cointegration: Examining the Price Convergence of Household Products in Canada", The International Conference: Theoretical and Applied Econometrics, Hong Kong Shue Yan University, Hong Kong (with Shu-Kam Lee and Alan Chan), July 18, 2019.
  • "One Belt One Road: Nonlinear PPP", The International Conference: Theoretical and Applied Econometrics, Hong Kong Shue Yan University, Hong Kong (with Shu-Kam Lee and Paul Shum), July 18, 2019.
  • "Greater Bay Area: Price Convergence of Products", The International Conference: Theoretical and Applied Econometrics, Hong Kong Shue Yan University, Hong Kong (with Shu-Kam Lee and Jacky Wong), July 18, 2019.
  • “Nonlinear Cointegration Rank Tests for Price Convergence in Australian Beverage Markets”, 2016 International Symposium on Business and Management, Tokyo, Japan (with Paul Shum and Shu-Kam Lee), December 6-8, 2016.
  • “Asymmetric Adjustments of Prices between Supermarkets and Non-supermarkets”, Conference Proceedings of The 11th Biennial Conference of Asian Consumer and Family Economics Association, Hong Kong Shue Yan University, Hong Kong (with Shu-Kam Lee and Paul Shum), July 7-10, 2016.
  • “Dynamic Relationship Between CPI and PPI: Evidence From the UK, France and Germany”, Conference Proceedings of The 11th Biennial Conference of Asian Consumer and Family Economics Association, Hong Kong Shue Yan University, Hong Kong (with Shu-Kam Lee and Cho-Yiu Joe Ng), July 7-10, 2016.
  • “Testing for Cointegration of PPP: Evidence from China and her Asian Trading Partners along the ‘One Belt One Road’ Routes”, Conference Proceedings of The 11th Biennial Conference of Asian Consumer and Family Economics Association”, Hong Kong Shue Yan University, Hong Kong (with Shu-Kam Lee and Paul Shum), July 7-10, 2016.
  • “Empirical Study on the Behaviors of Different Types of Hong Kong Small Investors in Their Investment”, Conference Proceedings of The 11th Biennial Conference of Asian Consumer and Family Economics Association, Hong Kong Shue Yan University, Hong Kong (with Sheung-Chi Chow, Wing-Keung Wong and Tai-Yuen Hon), July 7-10, 2016.
  • “Hedging Hong Kong Stock Sectors with Gold Futures and Commodity Index”, Conference Proceedings of The 11th Biennial Conference of Asian Consumer and Family Economics Association, Hong Kong Shue Yan University, Hong Kong (with Tao Chen), July 7-10, 2016.
  • “Dynamic Price Relationship between Supermarket and Non-supermarket Sectors in Hong Kong”, The Eleventh Annual Conference of The Asian Studies Association of Hong Kong, Kobe University, Kobe, Japan (with Shu-Kam Lee and Paul Shum), April 2-3, 2016.
  • “Evaluation of the One Belt, One Road Initiative through the Lens of Nonlinear Adjustment Analysis in Real Exchange Rates”, Beijing Forum 2015, Diaoyutai State Guesthouse and Peking University, Beijing, China (with Shu-Kam Lee and Paul Shum), November 6-8, 2015.
  • "Dynamic Relationship Between Price Indexes of Groceries Sold in Supermarkets and Non-supermarkets in Hong Kong", The 11th Annual Meeting of the Chinese Hayek Society, Hong Kong Shue Yan Unviersity, Hong Kong, (with Shu-Kam Lee and Paul Shum), August 7-8, 2015.
  • “Evidence from Asymmetric Adjustment and Causality between Consumer and Producer Prices in the Four Selected European Economies”, International Conference on Banking, Real Estate and Financial Crises: Hong Kong, China and the World, Jointly Organized by Department of Economics and Finance, Business, Economic and Public Policy Research Centre and Sustainable Real Estate Research Centre, Hong Kong Shue Yan University, Hong Kong (with Shu-Kam Lee and Cho-Yiu Joe Ng), January 17, 2015.
  • "How are the Crude Oil Prices Determined in China?", International Conference on Banking, Real Estate and Financial Crises: Hong Kong, China and the World, Jointly Organized by Department of Economics and Finance, Business, Economic and Public Policy Research Centre and Sustainable Real Estate Research Centre, Hong Kong Shue Yan University, Hong Kong (with Hing-Lin Chan), January 17, 2015.
  • “Freedom and Economic Growth”, The Sixth Annual Meeting of the Chinese Hayek Society, Hong Kong Shue Yan University, Hong Kong (with Shu-Kam Lee and Raymond Wai-Man Yeung), August 6-7, 2010.
  • “The Impact of the Financial Tsunami on the Process of Price Index Convergence in China: A Time Varying Parameter Approach”, Workshop on Challenges of the China Economy and Financial Markets under Financial Tsunami, Jointly Organized by Department of Business Administration and The Chinese Economy, Hong Kong Shue Yan University, Hong Kong (with Shu-Kam Lee and Raymond W. M. Yeung), 2009.
  • "The Discrepancy betwen the Total Value of Monetary Transactions and GDP in China", Pacific Rim Conference, Beijing, China (with Che-Cheong, Poon), January 12-14, 2007.
  • 〈中國各地區之間經濟發展狀況的群聚分析〉(與潘志昌、韓大遠合作)International Academic Conference, Hong Kong Shue Yan College, December 1996.