Carsten A. HOLZ 
Professor of Social Science, HKUST

 

In deep gratitude to the HKUST students who stand up for our rights and fight to end the dictatorship. (28/29 Sept. 14)

 

Events of 27/28 Sept. 2014

 

 

 

E-mail: carstenholz@gmail.com (or socholz@ust.hk)               Photo                                       CV: 13 June 2014

Research interests: China's economy (in particular economic growth, regional economic development, Chinese statistics)
Field in economics: development economics, applied macroeconomics and monetary economics


Views

"Have China Scholars All Been Bought?" Far Eastern Economic Review 170, no. 3 (April 2007): 36-40.
Article: free at FEER website; as pdf file. Criticism and response.

Open letter to the Provost of HKUST (20 Feb. 2014) http://ihome.ust.hk/~socholz/OpenLetter.html

The Hong Kong Model of Academia (March 2008) http://ihome.ust.hk/~socholz/HKUST-SOSC/HK-university-model-March08.pdf


Publications (journals, books)
Abstracts of publications

 

 “Wage Determination in China during the Reform Period.” The Bank of Finland Institute for Economies in Transition, BOFIT Discussion Paper 13/2014. 6 May 2014. Working paper of 25 June / 3 Oct. 2014.

 

“The Quality of China’s GDP Statistics.” Stanford University, SCID Working Paper 487, 2 December 2013 (http://scid.stanford.edu/publicationsprofile/2681). Appendices.

 

“Chinese Statistics: Classification Systems and Data Sources.” Eurasian Geography and Economics 54, no. 5/6 (2013): 532-71. Earlier version: Stanford University, SCID Working Paper 471, 8 January 2013 (http://scid.stanford.edu/publicationsprofile/2557). Appendices (sectoral classification systems, representativeness of directly reporting industrial enterprises, data sources)

 

“Monthly Industrial Output in China 1980-2012.” China Economic Review 28 (March 2014): 1-16. Earlier version: Stanford University, SCID Working Paper 472, (revised version of) 12 September 2013 (http://scid.stanford.edu/publicationsprofile/2559).

 

“Chinese Statistics: Output Data.” (Not designed as journal article.) Stanford University, SCID Working Paper 473, 1 March 2013 (http://scid.stanford.edu/publicationsprofile/2561).

 

“Wage and Price Dynamics in a Large Emerging Economy: the Case of China.” Stanford University, SCID Working Paper 474, 13 May 2013 (http://scid.stanford.edu/publicationsprofile/2575). Also Bank for International Settlements Working Papers No. 409, April 2013 (http://www.bis.org/publ/work409.htm); and The Bank of Finland Institute for Economies in Transition BOFIT Discussion Papers 3/2014, 20 January 2014 (http://www.suomenpankki.fi/bofit_en/tutkimus/tutkimusjulkaisut/dp/Pages/dp0314.aspx).

 

“Understanding Money Demand in the Transition from a Centrally Planned to a Market Economy.” May 2012. With Anne-Laure Delatte and Julien Fouquau. Accepted for publication in Post-Communist Economies.

"The Unbalanced Growth Hypothesis and the Role of the State: the Case of China's State-owned Enterprises." Journal of Development Economics 96, no. 2 (Nov. 2011): 220-38.

"No Razor's Edge: Reexamining Alwyn Young's Evidence for Increasing Inter-Provincial Trade Barriers in China." The Review of Economics and Statistics 91, no. 3 (Aug. 2009): 599-616.

"China's Economic Growth 1978-2025: What We Know Today about China's Economic Growth Tomorrow." 26 Dec. 2006 (not final). (Appendices.) World Development 36, no. 10 (Oct. 2008): 1665-1691. Appendices of final version.

"China's 2004 Economic Census and 2006 Benchmark Revision of GDP Statistics: More Questions Than Answers."  The China Quarterly, no. 193 (March 2008): 150-63. Copyright holder: The China Quarterly / School of Oriental and African Studies.

"Spatial Price Differences in China: Estimates and Implications." With Loren Brandt. Economic Development and Cultural Change 55, no. 1 (Oct. 2006): 43-86.

"New Capital Estimates for China." China Economic Review 17, no. 2 (2006): 142-85 Appendices
Also in the same issue: "Response to Gregory C. Chow's 'New Capital Estimates for China: Comments'," pp. 193-97.

"China's Reform Period Economic Growth: How Reliable Are Angus Maddison's Estimates." Review of Income and Wealth 52, no. 1 (March 2006): 85-119. Appendices. My response to Maddison's reply to my paper, published as: "China’s Reform Period Economic Growth: How Reliable Are Angus Maddison’s Estimates? Response to Angus Maddison’s Reply." Review of Income and Wealth 52, no. 3 (Sept. 2006): 471-5.

"Deconstructing China's GDP Statistics." China Economic Review 15, no. 2 (2004): 164-202.

"China's Statistical System in Transition: Challenges, Data Problems, and Institutional Innovations." Review of Income and Wealth 50, no. 3 (Sept. 2004): 381-409.

China's State-owned Enterprises between Profitability and Bankruptcy. World Scientific, 2003. (monograph)
    Update on the definition of "state-owned and state-controlled enterprises." Abstract and table of contents

"'Fast, Clear and Accurate:' How Reliable Are Chinese Output and Economic Growth Statistics?" The China Quarterly, no. 173 (March 2003): 122-63.

"Long Live China's State-owned Enterprises: Deflating the Myth of Poor Financial Performance." Journal of Asian Economics 13, no. 4 (July/August 2002): 493-529.

"Institutional Constraints on the Quality of Statistics in a Developing and Transitional Economy: the Case of China." China Information 16, no 1 (2002): 25-67. Paper

"The 1997-1998 Break in Industrial Statistics: Facts and Appraisal." With Yi-min Lin. Contribution to symposium on China's statistics. China Economic Review 12, no. 4 (2001): 303-16.

"Pitfalls of China's Industrial Statistics: Inconsistencies and Specification Problems." With Yi-min Lin. The China Review 1, no. 1 (Fall 2001): 29-71.

"Identifying the Patterns of Profitability Across Chinese State-owned Enterprises: Which Industrial State-owned Enterprises in China Are Profitable?" Journal of Asian Business 17, no. 2 (2001): 33-62.

"The Impact of the Liability-Asset Ratio on Profitability in China's Industrial State-owned Enterprises." China Economic Review 13, no. 1 (2002): 1-26.

"The Impact of Competition and Labor Remuneration on Profitability in China's Industrial State-owned Enterprises.Journal of Contemporary China 11, no. 32 (Aug. 2002): 515-38.

"Why Do Aggregate Production Functions Work? Fisher's simulations, Shaik's Identity and Some New Results." With Jesus Felipe. International Review of Applied Economics 15, no. 3 (July 2001): 261-85.

"Economic Reforms and State Sector Bankruptcy in China." The China Quarterly, no. 166 (June 2001): 342-67.

"Banking and Enterprise Reform in the People's Republic of China after the Asian Financial Crisis: An Appraisal." With Tian Zhu. Asian Development Review 18, no. 1 (2001): 73-93.

"China's Monetary Reform: The Counterrevolution from the Countryside." Journal of Contemporary China 10, no. 27 (2001): 189-217.

"The Changing Role of Money in China and Its Implications." Comparative Economic Studies 42, no. 3 (Fall 2000): 77-100.

"Contractionary Investment Policies in China 1988/89: Accounting for the Implementation Difficulties and Successes." The China Quarterly, no. 160 (Dec. 1999): 881-918.

The Role of Central Banking in China's Economic Reforms. Cornell East Asia Series, No. 59. Ithaca: Cornell University East Asia Program, 1992. (monograph)


Other publications

“Can We Trust the Numbers?” China Economic Quarterly 18, no. 1 (March 2014): 43-50.

 

“Here Be Dragons? China’s Economic Data May Not Be All Bad.” The Conversation, 3 March 2014 (https://theconversation.com/here-be-dragons-chinas-economic-data-may-not-be-all-bad-23047).

"Statistics." Entry in Encyclopedia of Modern China, Charles Scribner's Sons / Gale Group, forthcoming.

"Have China Scholars All Been Bought?" Far Eastern Economic Review 170, no. 3 (April 2007): 36-40.
Article: free at FEER website; as pdf file. Criticism and response.

"More Number Games." China Economic Quarterly 10, no. 3 (third quarter, 2006): 40-44.

"Why China's Growth is Sustainable." Far Eastern Economic Review 169, no. 3 (April 2006): 41-6.

"Why China's New GDP Data Matters." Far Eastern Economic Review 169, no. 1 (Jan./Feb. 2006): 54-7.

"The Institutional Arrangements for the Production of Statistics." OECD---China Governance Project. OECD Statistics working paper, STD/DOC (2005) 1, 19 Jan. 2005.

"China's Economic Growth Statistics: Trustworthy in the Long Run, Less So in the Short Run." Asia-Pacific Research Center, Stanford University, APARC Dispatch October 2004. For full text click here.


Academic employment and qualifications

 

2014/15

Visiting Professor, Department of Economics, Harvard University (on sabbatical leave)

 

9/12-5/13

Visiting Professor, Stanford Center for International Development, Stanford University      

 

8/10-5/12

Visiting Professor, Department of Economics, University of Southern California

7/10-

 

Professor, Social Science Division, Hong Kong University of Science & Technology (HKUST)

 

9/07-6/08

Visiting Research Scholar, Princeton Institute for International and Regional Studies, and Visiting Associate Professor, Department of Economics and Woodrow Wilson School, Princeton University

 

8/03-7/04

Visiting Scholar, Asia-Pacific Research Center, Stanford University (on sabbatical leave)

7/02-6/10

 

Associate Professor, Social Science Division, Hong Kong University of Science & Technology (HKUST)

 

8/99-5/00

Visiting Assistant Professor, Department of Economics, Cornell University

8/95-6/02   

 

Assistant Professor, Social Science Division, HKUST

9/91-5/95   

 

Ph.D., Department of Economics, Cornell University




Earlier working papers and other research

"How can a subset of industry produce more output than all of industry?" 2pp. note on 2006 and 2007 industrial value added. 27 Nov. 08

"The Quantity and Quality of Labor in China 1978-2000-2025." (Manuscript constructing labor data) May 2005. 81pp.

"Financing Constraints and Investment in China's Township and Village Enterprises." December 1999.

"China's Bad Loan Problem." April 1999.


Course outlines

SOSC 181    Introduction to China's Economy
http://teaching.ust.hk/~sosc181/

SOSC 260    China's Economy
http://teaching.ust.hk/~sosc260/

SOSC 301B  Quantitative Methods in the Social Sciences
http://teaching.ust.hk/~sosc301b

SOSC 340    International Monetary and Financial Economics

SOSC 359    Money and Banking in China
http://teaching.ust.hk/~sosc359/

Principles of Economics, Intermediate Microeconomics, Introductory Macroeconomics, Intermediate Macroeconomics (standard textbook courses)

SOSC 341 East Asian Economic Development [course outline of spring 2009]
    [syllabus of spring 2008, as taught in the Economics Department at Princeton University]
USC Econ 343  Economics of East Asia

SOSC 511    Social Science Research Methods
http://teaching.ust.hk/~sosc511/

SOSC 515    China's Economic Growth [course outline of spring 1998]

SOSC 534    Quantitative Analysis in the Social Sciences [course outline of spring 2007]

The Chinese Economy [syllabus of spring 2008, as taught in the Woodrow Wilson School at Princeton University]
SOSC 543    The Chinese Economy [fall 2008]
SOSC 543 / 323 The Chinese Economy [fall 2009]
USC Econ 346  Economics of Transition and Development: China

SOSC 544    Economics of Development [course outline of spring 2010]


How to get to HKUST http://ihome.ust.hk/~socholz/directions.html (Minibus 11 from Choi Hong to HKUST now stops at the back gate of HKUST (2014).)

University homepage http://www.ust.hk

    Hong Kong model of academia, HKUST matters  http://ihome.ust.hk/~socholz/HKUST-SOSC.html

    Social Science Division homepage http://www.ust.hk/~websosc/

        Social Science Division seminar homepage http://www.ust.hk/~websosc/seminar/seminet.htm


My mailing address: Carsten Holz, SOSC, HKUST, Clear Water Bay, Kowloon, Hong Kong. [HK doesn't have zip codes.]

Tel. in Hong Kong (+852): 2358-7835 (office); dept. general office 2358-7811.

Last updated: 10 March 2014 (and I tend to forget to update this date when I update the page)