Heiwai TANG
Prof. Heiwai TANG
Economics
Director, Asia Global Institute
Victor and William Fung Professor in Economics
Director, APEC Study Center
Associate Director, Institute of China Economy
Associate Director, Hong Kong Institute of Economics and Business Strategy

3917 0029
3917 4388

MB 335/ KK 920

Academic & Professional Qualification
  • PhD: MIT
  • Bachelor: UCLA
Biography

Heiwai Tang is Victor and William Fung Professor in Economics, Director of the Asia Global Institute and HKU APEC Study Center, as well as the Associate Director Institute of China Economy and the Hong Kong Institute of Economics and Business Strategy at the University of Hong Kong (HKU). Prior to joining HKU, he was tenured Associate Professor of International Economics at the School of Advanced International Studies (SAIS) of Johns Hopkins University. He is also affiliated with the Federal Reserve Bank of Dallas (U.S.), the Center of Economic Studies and Ifo Institute (CESIfo, Germany), the Kiel Institute for the World Economy (Germany) and the Globalization and Economic Policy Center (U.K.) as a research fellow. He has been a consultant to the World Bank, the International Finance Corporation, the United Nations, and the Asian Development Bank; and held visiting positions at the IMF, Stanford, MIT, Harvard. He is currently an associate editor of the Journal of International Economics, the Journal of Comparative Economics and the China Economic Review. Since 2021, he has served on a number of public bodies, including the Currency Board Sub-Committee of the HKMA’s Exchange Fund Advisory Committee and the Minimum Wage Commission in Hong Kong.

Heiwai holds a Ph.D. in economics from MIT and a Bachelor of Science in mathematics from UCLA. His research interests span a wide range of theoretical and empirical topics in international trade, with a specific focus on production networks, global value chains, and China. His research has been published in leading journals in economics, including American Economic Review and Journal of International Economics. His research and opinions have been covered by BBC, Financial Times, New York Times, Al Jazeera, Foreign Policy, South China Morning Post, and various think tanks such as the Brookings Institution and the Peterson Institute for International Economics.

Teaching

Columbia-LBS-HKU EMBA: The New World Order

HKU-PKU DBA: Frontiers in Economics Research

Fudan-HKU IMBA: The New World Order

HKU: Undergraduate Common Core – China in the Global Economy; MBA – Global Economy; Master of Economics – Economic Policy

Research Interest

International Trade, Global Value Chains, Development Economics

Selected Publications
  • ​“Currency Carry Trade by Trucks: The Curious Case of China’s Massive Imports from Itself”, Review of Finance, forthcoming. (with Xuepeng Liu, Zhi Wang, and Shang-Jin Wei)
  • “Do Multinationals Transfer Culture? Evidence on Female Employment in China”, Journal of International Economics, 133, Nov 2021, 103518. (with Yifan Zhang)
  • “Domestic Segment of Global Value Chains in China under State Capitalism”, Journal of Comparative Economics, 48(4), Dec 2020, pp. 797-821. (with Fei Wang and Zhi Wang)
  • “Excessive Entry and Exit in Export Markets”, Journal of the Japanese and International Economies, 53, Sep 2019, 101031. (with Hiro Kasahara)
  • “Why is China Investing in Africa? Evidence from the Firm Level”, World Bank Economic Review, 32(3), Oct 2018, pp. 610-632. (with Wenjie Chen and David Dollar)
  • “Are Foreign Firms Favored in China? Firm-level Evidence on the Collection of Value-Added Tax”, Journal of International Business Policy, 1(2), Inaugural Issue, Jun 2018, pp. 71-91. (with Yasheng Huang)
  • “Domestic Value Added in Exports: Theory and Firm Evidence from China”, American Economic Review, 106(6), Jun 2016, pp. 1402-1436. (with Hiau Looi Kee)
  • “Scale, Scope, and Trade Dynamics of Export Processing Plants”, Economics Letters, 133, Aug 2015, pp. 68-72. (with Ana Fernandes)
  • “Learning to Export from Neighbors”, Journal of International Economics, 94(1), Sep 2014, pp. 67-84. (with Ana Fernandes)
  • “Factor Intensity, Product Switching, and Productivity: Evidence from Chinese Exporters”, Journal of International Economics, 92(2), Mar 2014, pp. 349-362. (with Yue Ma and Yifan Zhang)
  • “International Politics and Import Diversification”, Journal of Law and Economics, 56(4), Nov 2013, pp. 1091-1121. (with Sergey Mityakov and Kevin Tsui)
  • “Exchange Rates and the Margins of Trade: Evidence from Chinese Exporters”, CESIfo Economic Studies, Symposium on China’s Trade Performance, 58(4), Dec 2012, pp. 671-702. (with Yifan Zhang)
  • “Determinants of Vertical Integration in Export Processing: Theory and Evidence from China”, Journal of Development Economics, 99(2), Nov 2012, pp. 396-414. (with Ana Fernandes)
  • “Labor Market Institutions, Firm-specific Skills, and Trade Patterns”, Journal of International Economics, 87(2), Jul 2012, pp. 337-351.
Awards and Honours
  • Hong Kong RGC Grant, Co-PI, HKD 418,975, 2022-2024
  • Committee of 100 Next Generation Leader, 2018
  • Richard Paul Richman Center for Business, Law, and Public Policy Grant, Columbia University, Co-PI, USD 14,500.
  • Social Sciences and Humanities Research Council (SSHRC) of Canada Insight Grant, Co-Investigator, CAD 78,736
  • Student-Elected Best Professor of the Master of International Econ and Finance Program, JHU SAIS, 2016-2017
  • Alcoa Foundation Grant, Co-PI, USD 500,000, 2016-2019
  • Hong Kong RGC Grant, Co-PI, HKD 364,378, 2017-2019
  • Outstanding Referee Journal of International Economics, 2014-2017.
  • Hong Kong RGC Grant, Co-PI, HKD 336,462, 2011-2013
  • The Nuffield Foundation Social Science Grant, SGS/36581, Co-PI, £12,000, 2009-2011
  • MIT Presidential Fellowship, 2002-2003
Service to the University/Community
  • Insurance Authority in Hong Kong SAR, 2022 –
  • Currency Board Sub-Committee of the HKMA Exchange Fund Advisory Committee, Member, 2021-
  • Minimum Wage Commission in Hong Kong SAR, Member, 2021 –
  • Pacific Economic Review, Managing Editor, 2022 –
  • Journal of International Economics, Associate Editor, 2019 –
  • China Economic Review, Associate Editor, 2018 –
  • Journal of Comparative Economics, Associate Editor, 2017 –
  • China Economics Summer Institute, Academic Committee Member, 2017 –
  • International Finance Corporation (IFC), Consultant, 2017 –
  • United Nations Industrial Development Organization, Consultant, 2016 – 2017
  • Asian Development Bank, Consultant, 2016 – 2017
  • IMF, Research Department, Visiting Scholar, 2015 – 2016
  • World Bank, Consultant, 2013 – 2017
Recent Publications
新加坡搶走香港人才?香港被趕超?數據告訴你真實「戰況」

香港與新加坡的競爭近來再次成為輿論熱點。新加坡前外長楊榮文對媒體表示,疫情防控政策和港區國安法的頒布導致香港資金、企業及人才外流,新加坡將在未來5年至10年受惠。

搶人才

全球各地求才若渴,搶人才成為熱門話題。新一份的施政報告,提出多項招攬人才的政策。同時被視為競爭對手的新加坡,也抛出了搶人大計,務求盡攬全球頂尖人才。這場全球的搶人大戰,香港要怎麽搶?又怎樣才能搶得贏?

Gig Economy: Multiple Jobs under the New Normal

自八十年代開始持續三十年的超全球化日子一去不復返,發達經濟體面臨自七十年代來最嚴峻的通脹壓力,中國經濟發展也減速,全球低增長年代正式來臨。

Gig Economy: Multiple Jobs under the New Normal

自八十年代開始持續三十年的超全球化日子一去不復返,發達經濟體面臨自七十年代來最嚴峻的通脹壓力,中國經濟發展也減速,全球低增長年代正式來臨。

香港需要第三次經濟轉型 創造可向上流的就業機會

香港的大學生大專生們,你們好!過去兩三年,大家都聽到很多負面的新聞。國際方面,很多西方國家面對四十多年來都未見過的通貨膨脹,有些已開始出現經濟衰退。

對話港大經濟及工商管理學院經濟學教授鄧希煒:香港未來經濟政策

隨著全球各地防疫措施先後開放,香港走遲一步,形成被動局面,國際競爭力尤其是人才爭奪處於劣勢,競爭對手如新加坡步步緊迫、積極進取,香港要搶救挽回並不容易,應該採取何種措施與政策,才可以做到香港特首所言的“搶人才”呢?

Response to 2022 Policy Address

The new embrace of interventionist strategies for the economy as set out in the policy address of Hong Kong’s leader this week signals the end of a long-held “big market, small government” stance, according to observers who welcome it as a “long overdue” move to inject new stimulus into a Covid-battered economy.

施政報告前瞻—香港經濟

香港經濟前景暗淡,政府又面臨巨額財赤。那麼多壞消息交織下,有沒有方法解困呢?施政報告又有甚麼值得期待?

Global war for talent: Hong Kong to refund extra taxes for foreign property owners taking up residency and launch new schemes to entice top-notch overseas graduates

Professor Heiwai Tang, of the University of Hong Kong, urged authorities to take a cautious stance toward offering tax incentives to non-locals, as it could exacerbate inequalities in the city.

Can Hong Kong win the talent race with Singapore? Cut red tape, improve schemes, set up an official agency, experts say

Hong Kong needs an official agency to identify talent to woo with lucrative packages, analysts have said, after the city was overtaken by Singapore in a recent global competitiveness ranking.