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Publications

by alumni of

Hong Kong University of Science and Technology (HKUST) → Business School → Department of Economics

These are publications listed in RePEc written by alumni of the above institution who are registered with the RePEc Author Service and listed in the RePEc Genealogy. List of alumni. For a list of publications by current members of the department, see here. Register yourself.

This page is updated in the first days of each month.


| Working papers | Journal articles | Chapters | Software components |

Working papers

2022

  1. Haichao Fan & Yichuan Hu & Lixin Tang & Shang-Jin Wei, 2022, "Is the American Soft Power a Casualty of the Trade War?," NBER Working Papers, National Bureau of Economic Research, Inc, number 29999, Apr.
  2. Chu, Angus & Cozzi, Guido & Fan, Haichao, 2022, "Natural Selection and Innovation-Driven Growth," MPRA Paper, University Library of Munich, Germany, number 113502, Jun.

2019

  1. Fan, Haichao & Graff Zivin, Joshua & Kou, Zonglai & Liu, Xueyue & Wang, Huanhuan, 2019, "Going Green in China: Firms’ Responses to Stricter Environmental Regulations," University of California at San Diego, Economics Working Paper Series, Department of Economics, UC San Diego, number qt7tt8g4s3, Dec.
  2. Haichao Fan & Yao Amber Li & Sichuang Xu & Stephen R. Yeaple, 2019, "Quality, Variable Markups, and Welfare: A Quantitative General Equilibrium Analysis of Export Prices," NBER Working Papers, National Bureau of Economic Research, Inc, number 25611, Feb.

2018

  1. Qian, Nancy & Liu, Yu & Wen, Jaya & Fan, Haichao, 2018, "The Dynamic Effects of Computerized VAT Invoices on Chinese Manufacturing Firms," CEPR Discussion Papers, Centre for Economic Policy Research, number 12786, Mar.
  2. Haichao Fan & Yu Liu & Nancy Qian & Jaya Wen, 2018, "Computerizing VAT Invoices in China," NBER Working Papers, National Bureau of Economic Research, Inc, number 24414, Mar.
  3. Chu, Angus C. & Cozzi, Guido & Fan, Haichao & Furukawa, Yuichi & Liao, Chih-Hsing, 2018, "Innovation and Inequality in a Monetary Schumpeterian Model with Heterogeneous Households and Firms," MPRA Paper, University Library of Munich, Germany, number 84711, Feb.

2017

  1. Haichao Fan & Yao Amber Li & Stephen R. Yeaple, 2017, "On the Relationship Between Quality and Productivity: Evidence from China's Accession to the WTO," HKUST IEMS Working Paper Series, HKUST Institute for Emerging Market Studies, number 2017-46, Oct, revised Oct 2017.

2016

  1. Haichao Fan & Edwin L.-C. Lai & Han Steffan Qi, 2016, "Imported-input Trade Liberalization and Firms' Export Performance in China: Theory and Evidence," CESifo Working Paper Series, CESifo, number 5828.

2015

  1. Haichao Fan & Yao Amber Li & Stephen R. Yeaple, 2015, "Trade Liberalization, Quality, and Export Prices," CEMA Working Papers, China Economics and Management Academy, Central University of Finance and Economics, number 663.

2013

  1. Haichao Fan & Edwin L.-C. Lai & Yao Amber Li, 2013, "Credit Constraints, Quality, and Export Prices: Theory and Evidence from China," CESifo Working Paper Series, CESifo, number 4370.
  2. Han QI & Haichao Fan & Edwin Lai, 2013, "Global Gains from Reduction of Trade Costs," 2013 Meeting Papers, Society for Economic Dynamics, number 1283.

2012

  1. Haichao Fan & Edwin L.-C. Lai & Han Steffan Qi, 2012, "Global Gains from Trade Liberalization," CESifo Working Paper Series, CESifo, number 3775.

2011

  1. Haichao Fan & Edwin L.-C. Lai & Han Steffan Qi, 2011, "A Model of Trade with Ricardian Comparative Advantage and Intra-sectoral Firm Heterogeneity," CESifo Working Paper Series, CESifo, number 3634.

2010

  1. Xu, Zhiwei & Fan, Haichao, 2010, "Firm Dynamics in News Driven Business Cycle: The Role of Endogenous Survival Rate," MPRA Paper, University Library of Munich, Germany, number 30203, Nov, revised Feb 2011.

Journal articles

2025

  1. Fan, Haichao & Guo, Guangyuan & Liu, Yu & Wang, Huanhuan, 2025, "Trade uncertainty, emission cap and firm pollution," Journal of Economic Behavior & Organization, Elsevier, volume 229, issue C, DOI: 10.1016/j.jebo.2024.106814.
  2. Fan, Haichao & Hu, Xingcun & Lin, Faqin & Liu, Mengxun, 2025, "Cultural origin and international trade," Journal of Economic Behavior & Organization, Elsevier, volume 229, issue C, DOI: 10.1016/j.jebo.2024.106871.
  3. Haichao Fan & Joshua Graff Zivin & Zonglai Kou & Xueyue Liu & Huanhuan Wang, 2025, "Going green in China: Firms' responses to stricter environmental regulations," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, volume 58, issue 1, pages 385-410, February, DOI: 10.1111/caje.12756.

2024

  1. Haichao Fan & Guanghuan Wan & Huanhuan Wang, 2024, "Climate change, institution, and the economy," Journal of Economic Surveys, Wiley Blackwell, volume 38, issue 5, pages 2011-2013, December, DOI: 10.1111/joes.12659.
  2. Haichao Fan & Guangyuan Guo & Caiyun Wu, 2024, "The impacts of the China–US trade war on China’s trade and greenfield investment," Economic and Political Studies, Taylor & Francis Journals, volume 12, issue 4, pages 383-398, October, DOI: 10.1080/20954816.2024.2341343.
  3. Haichao Fan & Yu Liu & Nancy Qian & Jaya Wen, 2024, "Technological Adoption and Taxation: The Case of China’s Golden Tax Reform," Tax Policy and the Economy, University of Chicago Press, volume 38, issue 1, pages 101-122, DOI: 10.1086/730053.
  4. Haoyuan Ding & Haichao Fan & Guangyuan Guo & Guoyong Liang & Tong Qi, 2024, "Outward direct investment as a shelter from external trade policy shocks: Firm‐level investigation of the US–China trade war," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, volume 57, issue 4, pages 1203-1235, November, DOI: 10.1111/caje.12742.

2023

  1. Haichao Fan & Yu Liu & Suhua Tian & Xuan Wang, 2023, "Firm outward direct investment and multinational activity under domestic taxes," Economic Inquiry, Western Economic Association International, volume 61, issue 3, pages 605-628, July, DOI: 10.1111/ecin.13142.
  2. Haichao Fan & Guangyuan Guo & Dongmin Hu, 2023, "Impact of U.S. Tariffs on Chinese Firms' Outward Connection," Annals of Economics and Finance, Society for AEF, volume 24, issue 2, pages 363-375, November.
  3. Ding, Haoyuan & Fan, Haichao & Li, Chang & Qiu, Larry D., 2023, "The effects of discriminatory protections on cross-border mergers and acquisitions," Journal of Comparative Economics, Elsevier, volume 51, issue 2, pages 501-523, DOI: 10.1016/j.jce.2022.11.003.
  4. Fan, Haichao & Li, Chang & Xue, Chang & Yu, Miaojie, 2023, "Clan culture and patterns of industrial specialization in China," Journal of Economic Behavior & Organization, Elsevier, volume 207, issue C, pages 457-478, DOI: 10.1016/j.jebo.2023.01.026.
  5. Haichao Fan & Guangyu Nie & Zhiwei Xu, 2023, "Market Uncertainty and International Trade," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, volume 51, pages 450-478, December, DOI: 10.1016/j.red.2023.05.001.

2022

  1. Haichao Fan & Cui Hu & Faqin Lin & Huanhuan Wang, 2022, "Trade liberalization and decentralization of state‐owned enterprises: Evidence from China," Economic Inquiry, Western Economic Association International, volume 60, issue 1, pages 224-246, January, DOI: 10.1111/ecin.13014.
  2. Haichao Fan & Guanghua Wan, 2022, "Globalization and environment: The roles of China," Journal of Economic Surveys, Wiley Blackwell, volume 36, issue 3, pages 531-533, July, DOI: 10.1111/joes.12477.
  3. Haichao Fan & Zheng Fang & Bihong Huang & Mohan Zhou, 2022, "Prevalence of SOEs and intergenerational income persistence: Evidence from China," The World Economy, Wiley Blackwell, volume 45, issue 1, pages 276-291, January, DOI: 10.1111/twec.13100.
  4. Ding, Haoyuan & Fan, Haichao & Lin, Shu, 2022, "COVID-19, firm exposure, and firm value: A tale of two lockdowns," China Economic Review, Elsevier, volume 71, issue C, DOI: 10.1016/j.chieco.2021.101721.
  5. Ding, Haoyuan & Fan, Haichao & Jin, Yuying & Qi, Tong, 2022, "Talented overseas returnees and outward foreign direct investment," European Economic Review, Elsevier, volume 148, issue C, DOI: 10.1016/j.euroecorev.2022.104210.
  6. Haichao Fan & Tuan Anh Luong & Edwin L‐C. Lai & Lina Zhang, 2022, "Import liberalization and export product mix," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, volume 55, issue 1, pages 419-457, February, DOI: 10.1111/caje.12573.

2021

  1. Angus C. Chu & Haichao Fan & Yuichi Furukawa & Zonglai Kou & Xueyue Liu, 2021, "Minimum Wages, Import Status, And Firms' Innovation: Theory And Evidence From China," Economic Inquiry, Western Economic Association International, volume 59, issue 1, pages 441-458, January, DOI: 10.1111/ecin.12933.
  2. Angus C. Chu & Guido Cozzi & Haichao Fan & Yuichi Furukawa, 2021, "Inflation, Unemployment, and Economic Growth in a Schumpeterian Economy," Scandinavian Journal of Economics, Wiley Blackwell, volume 123, issue 3, pages 874-909, July, DOI: 10.1111/sjoe.12416.
  3. Fan, Haichao & Gao, Xiang & Zhang, Lina, 2021, "How China's accession to the WTO affects global welfare?," China Economic Review, Elsevier, volume 69, issue C, DOI: 10.1016/j.chieco.2021.101688.
  4. Fan, Haichao & Peng, Yuchao & Wang, Huanhuan & Xu, Zhiwei, 2021, "Greening through finance?," Journal of Development Economics, Elsevier, volume 152, issue C, DOI: 10.1016/j.jdeveco.2021.102683.
  5. Fan, Haichao & Hu, Yichuan & Tang, Lixin, 2021, "Labor costs and the adoption of robots in China," Journal of Economic Behavior & Organization, Elsevier, volume 186, issue C, pages 608-631, DOI: 10.1016/j.jebo.2020.11.024.

2020

  1. Fan, Haichao & Li, Yao Amber & Xu, Sichuang & Yeaple, Stephen R., 2020, "Quality, variable markups, and welfare: A quantitative general equilibrium analysis of export prices," Journal of International Economics, Elsevier, volume 125, issue C, DOI: 10.1016/j.jinteco.2020.103327.
  2. Fan, Haichao & Lin, Faqin & Lin, Shu, 2020, "The hidden cost of trade liberalization: Input tariff shocks and worker health in China," Journal of International Economics, Elsevier, volume 126, issue C, DOI: 10.1016/j.jinteco.2020.103349.
  3. Fan, Haichao & Liu, Yu & Qiu, Larry D. & Zhao, Xiaoxue, 2020, "Export to elude," Journal of International Economics, Elsevier, volume 127, issue C, DOI: 10.1016/j.jinteco.2020.103366.
  4. Chu, Angus C. & Fan, Haichao & Wang, Xilin, 2020, "Status-seeking culture and development of capitalism," Journal of Economic Behavior & Organization, Elsevier, volume 180, issue C, pages 275-290, DOI: 10.1016/j.jebo.2020.10.010.
  5. Fan, Haichao & Gou, Qin & Peng, Yuchao & Xie, Wenjing, 2020, "Spillover effects of capital controls on capital flows and financial risk contagion," Journal of International Money and Finance, Elsevier, volume 105, issue C, DOI: 10.1016/j.jimonfin.2020.102189.
  6. Edwin L.-C. Lai & Haichao Fan & Han Steffan Qi, 2020, "Global gains from reduction in trade costs," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), volume 70, issue 1, pages 313-345, July, DOI: 10.1007/s00199-019-01211-w.
  7. Angus C. Chu & Guido Cozzi & Haichao Fan & Shiyuan Pan & Mengbo Zhang, 2020, "Do Stronger Patents Stimulate or Stifle Innovation? The Crucial Role of Financial Development," Journal of Money, Credit and Banking, Blackwell Publishing, volume 52, issue 5, pages 1305-1322, August, DOI: 10.1111/jmcb.12629.

2019

  1. Fan, Haichao & Lai, Edwin L.-C. & (Steffan) Qi, Han, 2019, "Trade liberalization and Firms’ export performance in China: Theory and evidence," Journal of Comparative Economics, Elsevier, volume 47, issue 3, pages 640-668, DOI: 10.1016/j.jce.2019.05.001.
  2. Angus C. Chu & Guido Cozzi & Haichao Fang & Yuichi Furukawa & Chih-Hsing Liao, 2019, "Innovation and Inequality in a Monetary Schumpeterian Model with Heterogeneous Households and Firms," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, volume 34, pages 141-164, October, DOI: 10.1016/j.red.2019.03.006.

2018

  1. Fan, Haichao & Lin, Faqin & Tang, Lixin, 2018, "Minimum Wage and Outward FDI from China," Journal of Development Economics, Elsevier, volume 135, issue C, pages 1-19, DOI: 10.1016/j.jdeveco.2018.06.013.
  2. Fan, Haichao & Li, Yao Amber & Yeaple, Stephen R., 2018, "On the relationship between quality and productivity: Evidence from China's accession to the WTO," Journal of International Economics, Elsevier, volume 110, issue C, pages 28-49, DOI: 10.1016/j.jinteco.2017.10.001.
  3. Ding, Haoyuan & Fan, Haichao & Lin, Shu, 2018, "Connect to trade," Journal of International Economics, Elsevier, volume 110, issue C, pages 50-62, DOI: 10.1016/j.jinteco.2017.10.004.
  4. Fan, Haichao & Gao, Xiang & Li, Yao Amber & Luong, Tuan Anh, 2018, "Trade liberalization and markups: Micro evidence from China," Journal of Comparative Economics, Elsevier, volume 46, issue 1, pages 103-130, DOI: 10.1016/j.jce.2017.02.002.
  5. Fan, Haichao & Li, Yao Amber & Zhao, Chen Carol, 2018, "Margins of imports, forward-looking firms, and exchange rate movements," Journal of International Money and Finance, Elsevier, volume 81, issue C, pages 185-202, DOI: 10.1016/j.jimonfin.2017.11.002.
  6. Chu, Angus C. & Fan, Haichao & Shen, Guobing & Zhang, Xun, 2018, "Effects of international trade and intellectual property rights on innovation in China," Journal of Macroeconomics, Elsevier, volume 57, issue C, pages 110-121, DOI: 10.1016/j.jmacro.2018.05.003.

2017

  1. Haoyuan Ding & Haichao Fan & Huanhuan Wang & Wenjing Xie, 2017, "Revisiting Crude Oil Price and China's Stock Market," Annals of Economics and Finance, Society for AEF, volume 18, issue 2, pages 377-391, November.
  2. Haichao Fan & Xiang Gao, 2017, "Domestic Creditor Rights and External Private Debt," Economic Journal, Royal Economic Society, volume 127, issue 606, pages 2410-2440, November.

2016

  1. Fan, Haichao & Gao, Xiang & Xu, Juanyi & Xu, Zhiwei, 2016, "News shock, firm dynamics and business cycles: Evidence and theory," Journal of Economic Dynamics and Control, Elsevier, volume 73, issue C, pages 159-180, DOI: 10.1016/j.jedc.2016.09.010.

2015

  1. Fan, Haichao & Lai, Edwin L.-C. & Li, Yao Amber, 2015, "Credit constraints, quality, and export prices: Theory and evidence from China," Journal of Comparative Economics, Elsevier, volume 43, issue 2, pages 390-416, DOI: 10.1016/j.jce.2015.02.007.
  2. Haichao Fan & Yao Amber Li & Stephen R. Yeaple, 2015, "Trade Liberalization, Quality, and Export Prices," The Review of Economics and Statistics, MIT Press, volume 97, issue 5, pages 1033-1051, December.

2014

  1. Haichao Fan & Zhiwei Xu, 2014, "Firm dynamics in news-driven business cycles: the role of endogenous survival rate," Applied Economics, Taylor & Francis Journals, volume 46, issue 15, pages 1767-1777, May, DOI: 10.1080/00036846.2014.884701.

Chapters

2024

  1. Haichao Fan & Yu Liu & Nancy Qian & Jaya Wen, 2024, "Technological Adoption and Taxation: The Case of China’s Golden Tax Reform," NBER Chapters, National Bureau of Economic Research, Inc, "Tax Policy and the Economy, Volume 38".

Software components

2023

  1. Haichao Fan & Guangyu Nie & Zhiwei Xu, 2023, "Code and data files for "Market Uncertainty and International Trade"," Computer Codes, Review of Economic Dynamics, number 21-348, revised .

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