CV   Asian Law & Economics Association (AsLEA) 2011 Annual Meeting Papers    Book     Selected Working Papers  Conference  Teaching     中文   Financial Crisis                                                                                                  

Professor Chenggang Xu

Quoin Professor in Economic Development

School of Economics and Finance

The University of Hong Kong

President, Asia Law and Economics Association

Email:  cgxu@hku.hk

Office: +852 2859 1041

Office: 903 K.K.Leung Building, The University of Hong Kong, Pokfulam Road, Hong Kong

 

·         2009 Seoul National University WCU – Hong Kong University Conference (30-31 Oct 2009)

  • Publications
    • Papers

                          

          Chenggang Xu, “Institutional Foundations of China’s Structural Problems,” in Masa Aoki (ed.), Proceedings of 2011 International  Economic Association World Congress. Forthcoming.

        Chenggang Xu, “The Fundamental Institutions of China’s Reforms and Development,” The Journal of Economic Literature, 2011, 49:4, 1076-1151.

          Svetlana Andrianova, Panicos Demetriades and Chenggang Xu, “Political Economy Origins of Financial Markets in Europe and Asia,” World Development, May, 2011 (Vol. 39, No. 5). 

Chenggang Xu and Xiaobo Zhang, “The Evolution of Chinese Entrepreneurial Firms: Township-Village Enterprises Revisited,” in Ronald Coase (ed.), China’s Economic Transformation, forthcoming.  

James Kung, Chenggang Xu and Feizhou Zhou, “From Industrialization to Urbanization: The Social Consequences of Changing Fiscal Incentives on Local Governments’ Behavior,” in Joseph E. Stiglitz (ed.), Institutional Design for China’s Evolving Market Economy. forthcoming. 

Yan Guo, Jie Gan and Chenggang Xu, “A Nationwide Survey of Privatized Firms in China,” The Seoul Journal of Economics, Vol. 21(2), 2008.

 Julan Du and Chenggang Xu, “What Firms Went Public in China? A Study of Financial Market Regulation,” World Development. Forthcoming. 

 Julan Du and Chenggang Xu, “Market Socialism or Capitalism? Evidence from Chinese Financial Market Development,” in Janos Kornai and Yingyi Qian (eds.), Market and Socialism (the International Economic Association Conference Volume No. 146), New York and London: Palgrave Macmillan. Forthcoming. 

Yingyi Qian, Gérard Roland and Chenggang Xu, “Coordinating Reforms in Transition Economies,” in Erik Berglöf, Olivier Blanchard, and Gérard Roland (Eds.), The Economics of Transition: The Fifth Nobel Symposium in Economics. London: Palgrave Macmillan, 2007.  pp. 518-546. 

Yingyi Qian, Gérard Roland and Chenggang Xu,"Coordination and Experimentation in M-Form and U-Form Organizations,"  Journal of Political Economy, April 2006, vol. 114, no. 2. pp.366-402. 

Katharina Pistor and Chenggang Xu, “Governing Stock Markets in Transition Economies Lessons from China,” American Law and Economics Review, 7(1), 2005. pp.184-210. 

Katharina Pistor and Chenggang Xu, Governing Emerging Stock Markets: Legal vs. Administrative Governance,” (with Katharina Pistor), Corporate Governance: An International Review, 2005. 

Katharina Pistor and Chenggang Xu,  “Incomplete Law,” Journal of International Law and Politics, 2004. pp.931-1013. 

Katharina Pistor and Chenggang Xu, “Beyond Law Enforcement – Governing Financial Markets in China and Russia,” in (Janos Kornai and Susan Rose-Ackerman eds.), Building a Trustworthy State: Problems of Post-Socialist Transition. New York and London: Palgrave, 2004. pp.167-190. 

Katharina Pistor and Chenggang Xu, The Challenge of Incomplete Law And How Different Legal Systems Respond to It,” Project Le Bijuridisme: Une approche économiq ue

          Haizhou Huang and Chenggang Xu, “Financial Syndication and R&D,” Economics Letters, 2003. 80(2): 141-146. 

Katharina Pistor and Chenggang Xu, "Managers’ Fiduciary Duty and the Enforcement of Incomplete Corporate Law," in (Curtis Milhaupt ed.), Global Markets, Domestic Institutions, New York: Columbia University Press, July 2003. pp.77-106. 

Eric Maskin and Chenggang Xu, “Soft Budget Constraint Theories: From Centralization to the Market,” Economics of Transition, 2001. To be reprinted in Erik Berglöf, Olivier Blanchard, and Gérard Roland (Eds.), The Economics of Transition: The Fifth Nobel Symposium in Economics. London: Palgrave Macmillan, 2007. pp.12-36. 

Yingyi Qian, Gérard Roland and Chenggang Xu, “Attribute Coordination in Organizations,” Annuals of Economics and Finance, 2(2): 487-518, 2001. 

Yingyi Qian, Gérard Roland and Chenggang Xu, “Coordination in Organizatoins: A Comparative Analsysis,” in (M. Dewatripont et al. Ed.), The Strategic Analysis of Universities: Microeconomic and Management Perspectives, Editions de l’Universite de Bruxelles, 2001. pp. 9-29 

Eric Maskin, Yingyi Qian and Chenggang Xu, "Incentives, Information, and Organizational Form," Review of Economic Studies, 67(2): 359-378, April 2000. 

Haizhou Huang and Chenggang Xu, “Institutions, Innovations, and Growth,” American Economic Review, 89(2): 438-43, May 1999. 

Haizhou Huang and Chenggang Xu, “Financial Institutions and the Financial Crisis in East Asia,” European Economic Review, 43(4-6): 903-914, April 1999.  

Yingyi Qian, Gérard Roland and Chenggang Xu, “Why is China Different from Eastern Europe? Perspectives from Organization Theory,” European Economic Review, 43(4-6): 1085-1094, April 1999. 

Yingyi Qian and Chenggang Xu, "Innovation and Bureaucracy under Soft and Hard Budget Constraints," Review of Economic Studies, January, 65(1): 151-164, January 1998. 

Haizhou Huang and Chenggang Xu, “Soft Budget Constraints and the Optimal Choices of R&D Project Financing,” Journal of Comparative Economics, 26(1): 62-79, March 1998. 

Yingyi Qian, Gérard Roland and Chenggang Xu, “Coordinating Activities under Alternative Organizational Forms,” in Eric Maskin and Andras Simonovits (eds), Planning, Shortage and Transformation -- Kornai’s Festschrift, MIT Press, 1998. pp.57-80. 

Chenggang Xu and Juzhong Zhuang, "Why China Grew: the role of decentralisation," in P. Boon, S. Gomulka, and R. Layard (eds.), Emerging from Communism, MIT Press, 1998. pp.183-212. 

Juzhong Zhuang and Chenggang Xu, "Profit Sharing and Financial Performance in Chinese State Enterprises: Evidence from Panel Data," Economics of Planning, 29(3), 1996. pp.205-222. 

Charles Goodhart and Chenggang Xu, "The Rise of China as an Economic Power," National Institute Economic Review, No.155, February 1996. pp.56-80. 

Martin L. Weitzman and Chenggang Xu, "Chinese Township Village Enterprises as Vaguely Defined Cooperatives," Journal of Comparative Economics, 18(2): 121-145, 1994. Reprinted in (Nove, Alect and Thatcher, Ian D. (eds.), (1994)) Markets and Socialism, Elgar Reference Collection, International Library of Critical Writings in Economics, no.39, Aldershot, U.K.: Elgar. Reprinted in (Roemer, John-E. ed., 1997) Property relations, incentives and welfare:  Proceedings of a conference held in Barcelona, Spain, by the International Economic Association. IEA Conference Volume, no. 115. New York: St. Martin's Press; London: Macmillan Press, pages 326-51. 

Yingyi Qian and Chenggang Xu, "The M-form Hierarchy and China's Economic Reform," European Economic Review, April, 1993. pp.541-548. Translated and published by a Bulgarian economics journal, 1993. Translated and published by Shehui Jingji Zhedu Bijiao (Comparative Social and Economic Systems, No.1, 1993. 

Yingyi Qian and Chenggang Xu, "Why China's Economic Reforms Differ: The M-form Hierarchy and Entry/Expansion of the Non-State Sector," The Economics of Transition, 1(2): 135-170, 1993.  This paper was reported as "Reformers tread different roads to capitalism," in Financial Times, 18 October 1993. Related views were reported by Stephanie Flanders in Financial Times, late September 1996. Translated and published as "A Kinai gazdasagi reform sajatos vonasai," in Europa Forum (a Hungarian academic journal), 1995. Translated as "Fei guoyouzhi jingji chuxian he chengzhang de zhidu beijing," in Shehui Kexue Xuebao, Special Issue, Oxford University Press, 1995. 

Yingyi Qian and Chenggang Xu, "Commitment, Financial Constraints, and Innovation: Market Socialism Reconsidered,"  in P.Bardhan and J.Roemer (eds), Market Socialism: The Current Debate.  Oxford University Press. 1993. pp.175-189.

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  • Book

Chenggang Xu, A Different Transition Path: Ownership, Performance, and Influence of Chinese Rural Industrial Enterprises, New York and London: Garland Publishing, Inc., 1995. 

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o        Selected Working Papers

Chenggang Xu and Katharina Pistor, “Enforcement Failure under Incomplete Law: Theory and Evidence from Financial Market Regulation” mimeo, HKU. 

Julan Du and Chenggang Xu, “Regional Competition and Regulatory Decentralization: The Case of China,” mimeo, LSE and UST, 2008.  
                                                                                                 (Tables and Appendix Tables)

Sheng Li and Chenggang Xu, “Does Financial Regulation Matter? Market Volatility and the US 1933/34 Acts,” mimeo, LSE and UST, 2008. 

Panicos O. Demetriades, Jun Du, Sourafel Girma and Chenggang Xu, “Does the Chinese Banking System Promote the Growth of Firms?” mimeo, LSE and UST, 2008.

Gan, Jie, Yan Guo, and Chenggang Xu. “Privatization and the Change of Control Rights: The Case of China,” mimeo, Hong Kong University of Science and Technology and LSE, 2010.  
                                                                            
 (Tables and appendix tables)

Jian Tong and Chenggang Xu, “Emulation-Based Growth: Technology and Institutions,” mimeo, LSE, 2006. 

Jian Tong and Chenggang Xu, “Financial Institutions and The Wealth of Nations: Tales of Development,” LSE STICERD TE/2004/469; CEPR DP4348. 

Haizhou Huang and Chenggang Xu, “Financial Institutions, Financial Contagion, and Financial Crises,” Harvard University CID Working Paper no. 21, July 1999. IMF Working Papers 00/92. 

Haizhou Huang, Dalia Marin and Chenggang Xu, “Financial Crisis, Economic Recovery and Banking Development in Former Soviet Union Countries,” CEPR Working Paper. 

Haizhou Huang and Chenggang Xu, “Boundary of the Firm, Commitment and R&D Financing,” WDI Working Paper No. 316. 

Patrick Bolton and Chenggang Xu, "Ownership and Managerial Competition: Employee, Customer, or Outside Ownership,". LSE STICERD Theoretical Economics Working Paper TE/01/412. Revising for Journal of Law, Economics and Organization. 

Chongen Bai and Chenggang Xu, "Does Employee Ownership Improve Incentives for Efforts?" LSE STICERD Theoretical Economics Working Paper TE/01/413. 

Chenggang Xu, "Risk Aversion, Rural-Urban Wage Differentiation and Migration", Centre for Economic Performance Discussion Paper No. 108. 1992.

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  • Teaching

ECON0601 Economic Development of China (Spring 2009)

ECON6035 Political Economy of Economic Policy (Fall 2008)

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