Albert PARK 朴之水
PhD Stanford University, 1996
Chair Professor
Professor of Economics
Director of the Institute for Emerging Market Studies (IEMS)

Tel +852 2358-5981
Fax (852) 2335-0014
Email albertpark
Office Room 3337

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Albert Park is Chair Professor of Social Science, Professor of Economics; Senior Fellow of the Institute for Advanced Studies at HKUST; and the founding Director of the Institute for Emerging Market Studies (IEMS). He is also a Research Fellow of the Center for Economic Policy Research (CEPR) and the Institute for the Study of Labor (IZA). He completed his Ph.D. at Stanford and previously held faculty positions at the University of Michigan and University of Oxford. Prof. Park is a development and labor economist whose research focuses on the Chinese economy. In recent years he has published articles on poverty and inequality, migration and employment, health and education, the economics of aging, and firm performance in China. He has co-directed numerous survey research projects in China, and currently serves as a co-PI for the China Health and Retirement Longitudinal Study (CHARLS) and PI for the Gansu Survey of Children and Families (GSCF). He has consulted frequently for the World Bank, and was lead international consultant on the World Bank’s most recent poverty assessment report (2009).
Research Interests
  • Development Economics
  • Labor Economics
  • Applied Microeconomics
  • Chinese Economy
Representative Publications
  • Cai, Hongbin, Hongbin Li, Albert Park, and Li-an Zou. "Family Ties and Organizational Design: Evidence from Chinese Private Firms," Review of Economics and Statistics, forthcoming.
  • Mangyo, Eiji, and Albert Park. “Relative Deprivation and Health: Which Reference Groups Matter?” Journal of Human Resources 46(3): 459-481, 2011.
  • Park, Albert, Dean Yang, Xinzheng Shi, and Yuan Jiang. “Exporting and Firm Performance: Chinese Exporters and the Asian Financial Crisis,” Review of Economics and Statistics 92(4): 822–842, 2010.
  • Park, Albert, and Sangui Wang. “Community Development and Poverty Alleviation: An Evaluation of China’s Poor Village Investment Program,” Journal of Public Economics, 94(9-10): 790-799, 2010.
  • Park, Albert, and MinggaoShen. “Refinancing and Decentralization: Evidence from China,” Journal of Economic Behavior and Organizations 66(3-4): 703-730, 2008.
  • Giles, John, Albert Park, and Fang Cai. “Re-employment of Dislocated Workers in Urban China: the Roles of Information and Incentives,” Journal of Comparative Economics 34(3): 582-607, 2006.
  • Park, Albert. “Risk and Household Grain Management in Developing Countries,” The Economic Journal 116(514): 1088-1115, 2006.
  • Du, Yang, Albert Park, and Sangui Wang. “Migration and Rural Poverty in China,” Journal of Comparative Economics 33(4): 688-709, 2005.
  • Zhang, Junsen, Yaohui Zhao, Albert Park, Xiaoqing Song,. “Economic Returns to Schooling in Urban China, 1988 to 2001,”Journal of Comparative Economics 33(4): 730-752, 2005.
  • Park, Albert, and MinggaoShen. “Joint Liability Lending and the Rise and Fall of China’s Township and Village Enterprises,” Journal of Development Economics 71: 497-531, 2003.
  • Park, Albert, Loren Brandt, and John Giles. “Competition Under Credit Rationing: Theory and Evidence from Rural China,” Journal of Development Economics 71: 463-495, 2003.
  • Park, Albert, Sangui Wang, and Guobao Wu. “Regional Poverty Targeting in China,” Journal of Public Economics 86(1): 123-153, 2002.
Forthcoming / Work In Progress
  • Park, Albert, John Giles, and Yang Du. “Labor Regulation and Firm Employment in China”, in progress
  • Park, Albert, and Maria Porter. “Housing Windfalls and Intergenerational Transfers in China”, in progress
  • Giles, John, Albert Park, Fang Cai, and Yang Du. Weathering a Storm: Survey-Based Perspectives on Employment in China in the Aftermath of the Global Financial Crisis, submitted to World Bank edited volume, 2011.
  • Glewwe, Paul, Albert Park, and Meng Zhao. “Impact of eyeglasses on the Academic Performance of Primary School Students: Evidence from a Randomized Trial in Rural China,” 2011 (under revision).
  • Liu, Xuejun, Albert Park, and Yaohui Zhao, “Explaining Rising Returns to Education in the 1990s,” 2010
  • Abhijeet Singh, Stefan Dercon, and Albert Park. “Do School Meals Improve Health and Learning? An Evaluation of the Midday Meal Scheme in India,” submitted, 2011.
  • Hsieh, Chang-tai, Albert Park, Xinzheng Shi, and Xuehui An. “Does School Quality Matter?: Evidence from a Natural Experiment in Rural China,” 2010.
  • Giles, John, Albert Park, Meiyan Wang, and Juwei Zhang. “The Great Proletarian Cultural Revolution, Disruptions to Schooling, and the Returns to Schooling in Urban China,” 2008.
Courses Taught
SOSC 3230 The Chinese Economy

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