UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. Our work contributes towards the following SDG(s):
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SDG 1 No Poverty -
SDG 2 Zero Hunger -
SDG 3 Good Health and Well-being -
SDG 4 Quality Education -
SDG 5 Gender Equality -
SDG 6 Clean Water and Sanitation -
SDG 7 Affordable and Clean Energy -
SDG 8 Decent Work and Economic Growth -
SDG 9 Industry, Innovation, and Infrastructure -
SDG 10 Reduced Inequalities -
SDG 11 Sustainable Cities and Communities -
SDG 13 Climate Action -
SDG 15 Life on Land -
SDG 16 Peace, Justice and Strong Institutions -
SDG 17 Partnerships for the Goals
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Collaborations and top research areas from the last five years
Profiles
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Yuk Fai FONG, 房育輝
- Office of the Dean of Business and Management - Associate Dean of Business and Management
- Department of Economics - Professor
Person: HKUST Staff
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Sirui HAN, 韓斯睿
- Division of Emerging Interdisciplinary Areas - Assistant Professor
- Division of Arts and Machine Creativity - Assistant Professor
- Department of Economics - Assistant Professor
Person: HKUST Staff
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Dean HE, 賀海琨
- Department of Economics - Adjunct Associate Professor, Senior Lecturer
Person: HKUST Staff
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Too Much Unsold Stock?: Environmental Consequences of Price Commitment
KAWAI, K. (CoI) & SUNADA, K. (PI)
1/10/25 → 30/09/28
Project: Research
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(Un-)Informed Communication Design
BLUME, A. (CoI), KIM, J. Y. (CoI) & LIM, W. Y. (PI)
1/10/25 → 30/09/27
Project: Research
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Monetary Policy in an Open Economy with Global Currency Pricing
XU, J. (PI)
1/09/25 → 31/08/27
Project: Research
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Bridging Divides: The Influence of Urban Transportation on Economic Equity
RAO, D. (PI) & ZHOU, Z. Y. (CoI)
1/07/25 → 30/06/28
Project: Research
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Equity Financing and Firm Exports: Evidence from IPO Approvals in China
GONG, R. K. (PI), SUN, S. T. (CoI) & LI, Y. (CoI)
1/01/25 → 31/12/27
Project: Research
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Artificial intelligence and behavioral economics Analysis
ZHONG, S. (PI)
National Natural Science Foundation of China
1/01/25 → 31/12/29
Project: Research
Research output
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CareerCraft: Supporting New Graduates on Job Hunting with LLM-Assisted Self-Construction of Career Profile
QI, X., LIU, C., LONG, X., KOU, Z., HAN, S. & GUO, Y., Apr 2026.Research output: Contribution to conference › Conference Paper › peer-review
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Consumer Perceptions and Willingness to Adopt rCBDCs before and after the e-HKD Pilot
Carreras, M. D. I., Kawaguchi, K., Jin, S. & Guo, H., 27 Jan 2026, In: Distributed Ledger Technologies. 5, 2, 44 p., 16.Research output: Contribution to journal › Journal Article › peer-review
Open Access1 Link opens in a new tab Citation (Scopus) -
From trade reform to trade war: a quantitative analysis of China's current account
Tang, J., Liu, Q., Shi, K. & Xu, J., May 2026, In: Journal of Economic Dynamics and Control. 186, 24 p., 105299.Research output: Contribution to journal › Journal Article › peer-review
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Industrial policy in a new era: Government venture capital in the US–China trade war
Chen, Y. J., Gong, R. K. & Li, J., Jan 2026, In: Journal of Development Economics. 178, 103599.Research output: Contribution to journal › Journal Article › peer-review
4 Link opens in a new tab Citations (Scopus) -
Miners' Reward Elasticity and Stability of Competing Proof-of-Work Cryptocurrencies
Kawaguchi, K., Komiyama, J. & Noda, S., 5 Feb 2026, (E-pub ahead of print) In: International Economic Review .Research output: Contribution to journal › Journal Article › peer-review
Open Access -
Monetary policy in open economies with production networks
QIU, Z., Wang, Y., Xu, L. & Zanetti, F., Apr 2026, In: Journal of Monetary Economics. 159, 103918.Research output: Contribution to journal › Journal Article › peer-review
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Multimarket firms and product liability: uniform versus variable rules: uniform versus variable rules
Chen, Y. & Hua, X., 1 Mar 2026, In: Journal of Law, Economics, and Organization. 42, 1, p. 159-187 29 p., ewae022.Research output: Contribution to journal › Journal Article › peer-review
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The Effects of Nutrition Support on Behavioral Outcomes and Labor Productivity
Park, S. & Kim, H. B., Feb 2026, In: Journal of Development Economics. 179, 103613.Research output: Contribution to journal › Journal Article › peer-review
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The private solution trap in collective action problems across 34 nations
Malthouse, E., Pilgrim, C., Sgroi, D., Accerenzi, M., Alfonso, A., Ashraf, R. U., Baard, M., Banerjee, S., Belianin, A., Bhattacharjee, S., Bhattacharya, M., Brañas-Garza, P., Cárdenas, J. C., Carriquiry, M., Choi, S., Clochard, G. J., Denzon, E. E., Dessoulavy-Sliwinski, B., Dini, G. & Dong, L. & 52 others, , 24 Mar 2026, In: Proceedings of the National Academy of Sciences of the United States of America. 123, 12, 11 p., e2504632123.Research output: Contribution to journal › Journal Article › peer-review
Open Access
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Monotone Comparative Statics without Lattices
KIM, J. W. (Invited speaker)
21 Aug 2026Activity: Talk or presentation › Contributed
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Implementing the Optimal Staked Share in Proof-of-Stake Ethereum
ZHOU, H. (Invited speaker)
27 Jun 2026 → 28 Jun 2026Activity: Talk or presentation › Contributed
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Implementing the Optimal Staked Share in Proof-of-Stake Ethereum
ZHOU, H. (Invited speaker)
19 Jun 2026 → 21 Jun 2026Activity: Talk or presentation › Contributed
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Data-Driven Monitoring and Deterrence in Changing Environment
KIM, J. W. (Invited speaker)
19 Jun 2026Activity: Talk or presentation › Invited
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Monotone Comparative Statics without Lattices
KIM, J. W. (Invited speaker)
18 May 2026Activity: Talk or presentation › Invited
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Role uncertainty and punishment severity in repeated cheap talk: theory and experiment
HUANG, J. (Invited speaker)
18 Apr 2026Activity: Talk or presentation › Contributed
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Beyond Validity: SVAR Identification Through The Proxy Zoo
HUANG, J. (Invited speaker)
17 Apr 2026Activity: Talk or presentation › Invited
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Role uncertainty and punishment severity in repeated cheap talk: theory and experiment
HUANG, J. (Invited speaker)
10 Apr 2026 → 12 Apr 2026Activity: Talk or presentation › Invited
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An empirical investigation of redistribution effects of monetary policies
LEE, B. (Invited speaker)
17 Mar 2026Activity: Talk or presentation › Invited
Awards
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HKUST RedBird Academic Excellence Award for Continuing PhD Students
LU, L. (Recipient), 12 May 2026
Prize: Other Research Award and Prize
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HKUST RedBird Academic Excellence Award for Continuing PhD Students in 2025-26
HUANG, J. (Recipient), 12 May 2026
Prize: Other Research Award and Prize
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50th International Exhibition of Inventions of Geneva — Bronze Medal: LexiHK, Legal AI Assistant
HAN, S. (Recipient), Apr 2025
Prize: Honorary Award
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Best paper award at the 2025 Asian-Pacific Marketing Academy Conference
LIU, J. (Recipient), Kawaguchi, K. (Recipient) & Li, T. (Recipient), May 2025
Prize: Best Paper Award and Prize
Courses
Student theses
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A cross-country empirical study on electricity demand
Chiu, Y. H. (Author), 2004Student thesis: Master's thesis
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A decomposition of marriage premium : evidence from Hong Kong
CHENG, W. F. (Author), 2015Student thesis: Master's thesis
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Adverse selection, endogenous leverage and capital reallocation over the business cycles
DONG, D. (Author), 2019Student thesis: Master's thesis
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A general framework for deliberate randomization
LI, Z. (Author), ZHONG, S. (Supervisor), 2024Student thesis: Master's thesis
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All that glitters is not gold, the corporate debt maturity structure of Asia Pacific
WAN, T. S. (Author), HUANG, Y. (Supervisor), 2021Student thesis: Master's thesis
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A macro-finance model with endogenous disagreement
LENG, K. (Author), DORDAL CARRERAS, M. (Supervisor), 2024Student thesis: Master's thesis
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An analysis of health status and labor supply in Hong Kong
Wong, C. T. (Author), 2001Student thesis: Master's thesis
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An empirical investigation of the correlation between foreign exchange intervention and stock price in Japan
Jin, L. (Author), 2008Student thesis: Master's thesis