Published on: 2014-06-24
Published in HKUST e-Genesis June 2014 Newsletter
Research with pragmatic effect is one of the goals of the HKUST Institute for Emerging Market Studies, according to Founding Director Prof Albert Park.
It has been a busy start for Prof
Ph.D, Stanford University
Director, HKUST Institute for Emerging Market Studies
Chair Professor, Division of Social Science
Professor, Department of Economics
Tel (852) 2358 5981
Office Room IAS2018
Personal web site albertfpark.com
AREAS OF EXPERTISE
Development economics, labor economics, human capital, economics of aging, applied microeconomics, Chinese economy
Albert Park is a development and labor economist who is an expert on China’s economic development. His research has been featured by the Economist, New York Times, Wall Street Journal, BBC, CNN, and NPR. Professor Park is a Research Fellow of the Centre for Economic Policy Research (London), the Institute for the Study of Labor (IZA, Bonn), the International Growth Centre (Oxford/LSE/DFID), and the Human Capital and Economic Opportunity Working Group (Chicago). In recent years he has published articles in leading economics journals on firm performance, poverty and inequality, migration and employment, health and education, and the economics of aging in China. He currently serves on the editorial boards of the Journal of Comparative Economics, Oxford Economic Papers, and Chinese Economic Review. Prof. Park has co-directed numerous survey research projects in China; currently he is PI for a new firm-worker survey in the Pearl River Delta, PI for the Gansu Survey of Children and Families, a longitudinal study of rural youth, and co-PI for the China Health and Retirement Longitudinal Study (CHARLS). He previously held faculty appointments at the University of Michigan and Oxford University, and has consulted frequently for the World Bank.
SELECTED PAPERS & PUBLICATIONS
- Gallagher, Mary, John Giles, Albert Park, and Meiyan Wang, “China’s 2008 Labor Contract Law: Implementation and Impacts on Workers,” Human Relations, forthcoming.
- Cai, Hongbin, Hongbin Li, Albert Park, and Li-an Zou, “Family Ties and Organizational Design: Evidence from Chinese Private Firms,” Review of Economics and Statistics, 95(3): 850-867, 2013.
- Giles, John, Dewen Wang, and Albert Park. “Expanding Social Insurance Coverage in China,” Research in Labor Economics 37: 123-179, 2013.
- Park, Albert, Yan Shen, John Strauss, and Yaohui Zhao. “Relying on Whom?: Poverty and Consumption Financing of China’s Elderly,” in National Research Council (J.P. Smith and M. Majmundar, Eds.), Aging in Asia: Findings from New and Emerging Data Initiatives (Washington, DC: The National Academies Press), pp. 148-172, 2012.
- Mangyo, Eiji, and Albert Park. “Relative Deprivation and Health: Which Reference Groups Matter?” Journal of Human Resources 46(3): 459-481, 2011.
- Park, Albert, Dean Yang, Xinzheng Shi, and Yuan Jiang. “Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis,” Review of Economics and Statistics 92(4): 822–842, 2010.
- Park, Albert, and Sangui Wang. “Community Development and Poverty Alleviation: An Evaluation of China’s Poor Village Investment Program,” Journal of Public Economics, 94(9-10): 790-799, 2010.
- Cai, Fang, Yaohui Zhao, and Albert Park. “The Chinese Labor Market in the Reform Era,” in Loren Brandt and Thomas Rawski, eds., China’s Economic Transition: Origins, Mechanism, and Consequences, Cambridge University Press, 2008.
- Park, Albert, and Minggao Shen. “Refinancing and Decentralization: Evidence from China,” Journal of Economic Behavior and Organizations 66(3-4): 703-730, 2008.
- Giles, John, Albert Park, and Fang Cai. “Re-employment of Dislocated Workers in Urban China: the Roles of Information and Incentives,” Journal of Comparative Economics 34(3): 582-607, 2006.
[Thought Leadership Brief] How Do Minimum Wage Policies Affect Workers in Emerging Markets?
[Seminar] The Plight of Manufacturing and the Future of Jobs in China
[Working Paper] Paul GLEWWE; Albert PARK; Meng ZHAO. A Better Vision for Development: Eyeglasses and Academic Performance in Rural Primary Schools in China
[Media Coverage] Albert Park comments on China’s administrative reforms on South China Morning Post
[Media Coverage] Need for policy reforms acute for emerging markets facing growth headwinds, warns Albert Park on CNN
[Media Coverage] Aging Chinese Face a Bleak Picture – Research Study by IEMS’ Albert Park Featured on WSJ, CNN, SCMP, and Science Magazine
[Conference] Presentation slides and video on "Research Findings Using HRS-typed Datasets: The case of Asia" at RIETI-JSTAR Symposium - Japan's Future as a Super Aging Society: International comparison of JSTAR datasets (December 12, 2014) A related coverage by the Japanese newspaper Nikkei Shimbum can be found here.
[Talk] Prof Park talked about how to cope with population aging in China, an HKUST Science-for-Lunch event
With Asia playing a leading role in the emerging markets which continue to expand and generate the majority of global GDP growth, a greater understanding of these markets and their potential to transform the world economy is essential for international relations, economic development, and the strategic direction of multinationals. “HKUST can rightly be proud of establishing its reputation for top research in such a short time,” said Prof Park, also Chair Professor in the Division of Social Science and Professor in the Department of Economics. “The Institute helps the University to further build on its strength to play a greater role in discussions on global issues.”
Practical thought leader
The Institute has already awarded two rounds of competitive research grants to faculty members to provide innovative insight, high-quality data and analyses of practical relevance to the local and global community. Areas of research include entrepreneurship in emerging economies, comparison of companies in China and Eastern Europe, corporate risk management, and sustainable urbanization, among others. Around 40 University’s academics are engaged in related areas.
In the past year, the Institute has held successful conferences and a series of lunchtime seminars for University professors to introduce their research. In April, a major three-day HKUST IEMS and World Bank conference on the challenges of population aging in Asia brought together researchers from around the regions, government officials and business strategists.
The Institute is a leading part of a network of EY research centers focusing on emerging markets. Other centers set up in Russia, India and Mainland China have opened up valuable opportunities for collaborative activities and access to top companies in these markets. It is also a network partner of the Jobs Knowledge Platform manged by the World Bank, which explores the global jobs agenda. The platform involves institutions in locations ranging from India to Latin America, South Africa to Poland. It offers HKUST the opportunities to strength its international presence through joint events such as the April conference. This Fall, the Institute will collaborate with the Development Policy Research Unit of the University of Capetown in an event exploring the impact of China on employment outcomes in Africa. The Institute will also disseminate a series of short and easily accessible leadership briefs by HKUST faculty members.
“Our vision is global but our prime location and faculty expertise offer us a comparative advantage of a deeper understanding of China and Asia,” said Prof Park. “I see our first 12 months as the foundation year. In future, we would focus our research direction further to provide deeper insights that will help governments and businesses in emerging markets to meet the challenges they face.”
[Bio] Albert Park