Yue Chim Richard Wong 王于漸
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The Cold War and the Ascendance of America’s Research University

By admin On 2019/05/29 · Add Comment · 28,081 views
(This essay was published in Hong Kong Economic Journal on 29 May 2019.) ……… These three young universities, all founded in the second half of 19th century, contributed to America’s global economic rise and the winning of the Cold War. They each pursued different pathways, symbolizing the multifaceted influence of the research university in the modern era.
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The Economic Contribution of Recent Immigrants

By admin On 2019/04/24 · Add Comment · 4,356 views
(This essay was published in Hong Kong Economic Journal on 24 April 2019.) Expanding the youthful population through immigration is incredibly important for sustaining economic growth as Hong Kong rapidly ages. . . . . . the slower economic growth our city has experienced in the last decade, if not longer, has been to the ageing of our population. Had it not been for the constant stream of recent immigration from the Mainland, . . . . . our economic performance would have been more challenging.
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Family Stability Under the Tenant Purchase Scheme: A 20-Year Experiment

By admin On 2019/03/27 · Add Comment · 4,358 views
(This essay was published in Hong Kong Economic Journal on 27 March 2019.) If the TPS had been introduced in all 220 PRH estates . . . . . The housing shortage that we are now facing would have been less severe. . . . . . The divorce and single parenthood rates would also have been impacted. . . . . . This would have been a significant contribution to family stability, which could well help alleviate the concern about intergenerational immobility.
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Family Stability Under the Tenant Purchase Scheme: A 20-Year Experiment

By admin On 2019/03/27 · Add Comment · 5,871 views
(This essay was published in the South China Morning Post on 27 March 2019.)
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Labor Market Consequences of the Tenant Purchase Scheme 20 Years On

By admin On 2019/02/27 · Add Comment · 4,059 views
(This essay was published in Hong Kong Economic Journal on 27 February 2019.) If the TPS were introduced in all 220 public rental housing estates in Hong Kong in 2016, it is probable that the total increase in workers could be as many as 6,300 men and 10,400 women . . . . . . . producing a meaningful relief for our labor supply tightness. It would also discourage opportunistic behavior, foster greater attachment to the labor market, and encourage more human capital investment through on-the-job training.
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Let All Public Renters Buy Their Flats – Labor Market Consequences

By admin On 2019/02/27 · Add Comment · 4,120 views
(This essay was published in the South China Morning Post on 27 February 2019.)
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When Teenagers are Unable to Learn From Their Parents

By admin On 2019/01/30 · Add Comment · 4,426 views
(This essay was published in Hong Kong Economic Journal on 30 January 2019.) Economic prosperity and social upward mobility, in an uncertain and changing globalized world driven by new technologies, depend on preparing teenagers with robust cognitive and non-cognitive skills. It also means preparing them to make good career choices. If an increasing number of families are ill-prepared to assume this role and schools are unable to do so, then the business community must take up the challenge. Government should encourage this, and in addition, look into how our laws and public housing policies can reduce family instability and its negative consequences.
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For Your Children’s Sake

By admin On 2019/01/30 · Add Comment · 3,557 views
(This essay was published in the South China Morning Post on 30 January 2019.)
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Interpreting the Chinese Revolution

By admin On 2019/01/02 · Add Comment · 3,986 views
(This essay was published in Hong Kong Economic Journal on 2 January 2019.) For Tsou, Mao’s mobilization of the peasants, from which party members were recruited, was not merely to build resistance against aggressors, but also undertake a social revolution that would empower peasants. Peasant mobilization and social revolution continued throughout the war of resistance against the Japanese in the occupied areas, and during the civil war period against the Nationalist government.
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Youth Near Poverty and the Poverty Line

By admin On 2018/11/28 · Add Comment · 2,844 views
(This essay was published in Hong Kong Economic Journal on 28 November 2018.) The real challenge in rising Hong Kong is not the relative poverty of the elderly or of children, but near poverty of the young working adult that cannot save enough to become a homeowner in time to share in the growing prosperity of the city.
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Skewed View of Poverty

By admin On 2018/11/28 · Add Comment · 3,457 views
(This essay was published in the South China Morning Post on 28 November 2018.)
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Public Policy for an Economy Rich in Intangible Capital

By admin On 2018/10/31 · Add Comment · 2,710 views
(This essay was published in Hong Kong Economic Journal on 31 October 2018.) There is therefore a role for government and private sector cooperation to overcome inadequate incentives for making such investments, . . . Innovations in institutional arrangements to promote an enabling infrastructure will matter greatly in an intangible capital-intensive economy.
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Get Grip on Intangibles

By admin On 2018/10/31 · Add Comment · 20,878 views
(This essay was published in the South China Morning Post on 31 October 2018.)
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Tomorrow at Lantau – The Most Cost-Effective Choice

By admin On 2018/10/30 · Add Comment · 1,894 views
Please refer to traditional / simplified Chinese version of this article.
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Rise of the Intangible Capital Economy

By admin On 2018/09/26 · Add Comment · 3,021 views
(This essay was published in Hong Kong Economic Journal on 26 September 2018.) Intangible investments are ideas that cannot be utilized by one firm without other firms learning about it. They could then copy and perhaps even enhance its economic value. Learning spreads ideas and produces spillovers.
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