News
Li Degui: In search of economic meaning through econometrics
Prof Degui LI Prof Li delivers a lecture at the UM Scholar Research Forum Prof Li’s project was funded under the National Natural Science Foundation of China's Young Scientists Fund (Category A) P ...
UM Department of Economics hosts seminar on Macao’s labor market and overview of DSAL’s work
Group photo Prof. Angus Chu Prof. Fung Kwan Ka In Chan, Acting Head of the Employment Department at DSAL Vai Ian Wong, Head of the Skills Training Division of the Vocational Training Department a ...
Prof. Jing XIE published a paper in Review of Finance and studies the investor communication and payout policy
Prof. Jing XIE Review of Finance Prof. Jing XIE, Associate Professor in Finance at the Faculty of Business Administration at the University of Macau (UM) and a member of the Financial Innovation T ...
Prof. Yuansi Hou published an article in Journal of Travel Research
Prof. Yuansi HOU Journal of Travel Research Prof. Yuansi HOU, Associate Professor in the Department of Integrated Resort and Tourism Management at the Faculty of Business and Administration at the ...
Prof. Fung KWAN explores urban economic growth in the Guangdong-Hong Kong-Macao Greater Bay Area in Macao Daily News
Prof. Fung KWAN Analysis of urban economic growth in the Guangdong-Hong Kong-Macao Greater Bay Area On January 18, 2026, Prof. Fung KWAN, Assistant Professor of Economics in the Faculty of Social ...
Selected Publications
| 1 | Bailey, W. B., Cao, X., Yang, Z., & Zhou, S. (2024). Who leads and who follows? The cross-border peer effect in investment by Chinese and US firms. Journal of International Economics, 147, 103875. |
| 2 | Chen, H., Fei, Y., & Yu, J. (2025). Multivariate Stochastic Volatility Models Based on Generalized Fisher Transformation. Journal of Econometrics, 251,106041. |
| 3 | Chen, M., Ren, J., & Zhao, J. (2024). The impact of corporate culture on stock price crash risk: a firm-level analysis. International Journal of Accounting & Information Management, 32(1), 1-18. |
| 4 | Chu, A. C., Liao, C. H., & Peretto, P. F. (2025). Dynamic effects of labor income taxation in an unequal Schumpeterian economy. European Economic Review, 178, 105071. |
| 5 | Ding, Y., Engle, R., Li, Y., & Zheng, X. (2025). Multiplicative factor model for volatility. Journal of Econometrics, 249, 105959. |
| 6 | Wang, Y., Guo, R., Song, M., & Law, R. (2025). Digital resurrection technology in destination promotion. Annals of Tourism Research, 110, 103888. |
| 7 | Wang, Z., & Du, L. (2025). Cross-Border Health Data Transfer for Scientific Research Purposes in China: Legislation, Practice, and Challenges. In International Transfers of Health Data: A Global Perspective Singapore: Springer Nature Singapore, 159-179 |
| 8 | Zhang, X., Zhang, X., Liang, S., Yang, Y., & Law, R. (2025). Why restaurants survive? A perspective of word-of-mouth dispersion. Tourism Management, 109, 105132. |











