Email

gqli@um.edu.mo

Tel

+853 8822-4165

Office

E22-4040
Faculty of Business Administration
University of Macau, E22
Avenida da Universidade,
Taipa, Macau, China

Associate Professor in Business Economics
Acting Programme Director of Doctor of Business Administration (DBA)

Academic Qualifications

  • Ph. D. in Economics, National University of Singapore
  • Ph. D. in Management Engineering, Xi’an Jiaotong University
  • Master in Management Systems Engineering, Northwestern Polytechnical University
  • Bachelor in Computer and Applications, Northwestern Polytechnical University

Related Working Experiences

  • Associate Professor, Department of Finance and Business Economics, Faculty of Business Administration, University of Macau.
  • Assistant Professor, Department of Finance and Business Economics, Faculty of Business Administration, University of Macau.
  • Research Fellow, Department of Economics, Monash University, 2002.
  • Acting Programme Director of Doctor of Business Administration (DBA), Faculty of Business Administration, University of Macau, July 1, 2024-December 31, 2024.
  • Head of Department of Finance and Business Economics, Faculty of Business Administration, University of Macau, August 1, 2019-June 30, 2023.
  • Acting Associate Head of Department of Finance and Business Economics, Faculty of Business Administration, University of Macau, February 1, 2017-June 30, 2017.
  • Coordinator for Economics and International Finance Programme, Faculty of Business Administration, University of Macau, September 2004-August 2008.

Teaching

  • Undergraduate Courses
    • Principles of Microeconomics (BECO100, BECO1000)
    • Intermediate Microeconomics (ECIF201, BECO308, BECO3008)
    • Intermediate Economics (BECO201, BECO2000)
    • International Trade and Commercial Policy (ECIF306, BECO303)
    • History of Economic Thought (ECIF402)
    • Managerial Economics for Small and Medium-sized Retailing Enterprises ( BECO416, BECO4015)
  • Graduate Courses
    • Research Method for Business and Management Research (BAGC8300)
    • Residential Workshop I (BAGC8320)
    • Economics (IMBB004, IMBC003, BECO700, BECO7002)
    • Managerial Economics (IMBC104)
    • China Business Seminar & Field Study (IMBB110)
    • Tutorial for Managerial Economics, M. Sc. in Financial Management, University of London (2006, 2007)

Research Interests

  • Microeconomics
  • International Economics
  • Tourism Economics
  • Managerial Economics
  • New Classical Economics

Awards

  • Best Paper Award, Academy of International Business Southeast Asia Regional Conference 2013, Bali, Indonesia.
  • Recipient of the 2011 Academic Staff Award, University of Macau, 2011.
  • Nominee, Haynes Prize for Best Paper Award, Academy of International Business 2002, Puerto Rico.
  • Nominee, AIB Best Paper Award, Academy of International Business 2002, Puerto Rico.
  • Winner, Sanwa Bank Foundation Research Fellowship, National University of Singapore, 2000.
  • NUS Doctoral Scholarship, National University of Singapore, 1998-2002.
  • Doctoral Scholarship, Xi’an Jiaotong University, 1995-1998.

Research Projects

  • An Empirical Study of Fluctuations in Capital Flows and Forex Reserves in China (MYRG2018-00140-FBA), funded by the Research Committee of University of Macau, 2019-2021, Co-investigator.
  • Economic Inequality and Housing Bubbles, funded by the Research Committee of University of Macau, 2017-2019, Co-investigator.
  • The Economics of Casino Gaming Taxation (MYRG2014-00110-FBA), funded by the Research Committee of University of Macau, 2014-2017, Principal investigator.
  • The Sustainability of China’s Economic Growth (MYRG081(Y1-L2)-FBA11-GXH), funded by the Research Committee of University of Macau, 2011-2015, Co-investigator.
  • Business Cycle Synchronization and Monetary Integration in East Asia (RG018/09-10S/ZY/FBA), funded by the Research Committee of University of Macau, 2010-2011, Co-investigator.
  • Business Group: Theoretical and Empirical Studies (RG010/07-08S/LGQ/FBA), funded by the Research Committee of University of Macau, 2008-2009, Principal Investigator.
  • Technology Entrepreneur, Internationalization and Economic Growth (RG045/06-07S/LGQ/FBA), funded by the Research Committee of University of Macau, 2007-2008, Principal Investigator.
  • The Study of the Multinational Enterprises in Services in China (RG006/05-06S/LGQ/FBA), funded by the Research Committee of University of Macau, 2006-2007, Principal Investigator.
  • The Evolution of Economic Organization (RG042/04-05S/LGQ/FBA), funded by the Research Committee of University of Macau, 2005-2006, Principal Investigator.
  • New Regionalism, International Trade, and Foreign Direct Investment (RG052/02-03S/LGQ/FBA), funded by the Research Committee of University of Macau, 2003-2005, Principal Investigator.
  • Quarterly Analytical Report on Development of Macau Logistic Industry, Direcção dos Serviços para os Assuntos de Tráfego (DSAT), Macau. 2014.
  • To Support Macao SAR to Set up an Export Credit Insurance System (出口信用保險), one of 19 Measures from Premier Li for Boosting the Substantiality and Diversification of Economy of Macao, Macao, 2016.
  • To Support Macao SAR to Set up a Renminbi Clearing Centre for Portuguese-speaking Countries (把澳門打造成區域性人民幣離岸金融中心芻議), one of 19 Measures from Premier Li for Boosting the Substantiality and Diversification of Economy of Macao, Macao, 2016.

Selected Journal Papers

  1. Liu, N., Qian, Y.H., Gu, X.H. and Li, G. (2024), “Digital technology, e-commerce, and economic inequality: The case of China”, International Review of Economics and Finance, Volume 91, pp. 259-271. (ABS2)
  2. Zhao, Q., Li, G., Gu, X. and Lei, C. (2021), “Inequality hikes, saving surges, and housing bubbles”, International Review of Economics and Finance, Volume 72, pp. 349-363.(ABS2)
  3. Gu, X., Tam, P., Li, G. and Zhao, Q. (2020), “An Alternative Explanation for High Saving in China: Rising Inequality”, International Review of Economics and Finance, Volume 69, pp. 1082-1094.(ABS2)
  4. Chang, X., Gu, X. and Li, G. (2020), “Does the Inequality-credit-crisis Nexus Exist? An Empirical Reexamination”, Applied Economics, Volume 52, Issue 37, pp. 4044-4057.(ABS2)
  5. Gu, X., Li, G., Lei, C., Sheng, L. and Zhao, Q. (2020), “The Inequality-housing Price Nexus in Tourist Resorts: Theory and Evidence”, Asia-Pacific Journal of Accounting & Economics, Volume 27, Issue 1, pp. 132-150.(ABS2)
  6. Gu, X., Wu, J., Guo, H. and Li, G. (2018), “Local tourism cycle and external business cycle”, Annals of Tourism Research, 73, pp. 159-170.(ABS4)
  7. Gu, X., Li, G., Chang, X. and Guo, H. (2017), “Casino tourism, economic inequality, and housing bubbles”, Tourism Management, 62, pp. 253-263.(ABS4)
  8. Li, G., Gu, X. and Wu, J. (2015), “A Trade Based View on Casino Taxation: Market Conditions”, Journal of Gambling Studies, Volume 31, Issue 2, pp. 585-606.
  9. Gu, X., Li, G. and Tam, P. (2013), “Casino Tourism, Social Cost and Tax Effects”, International Gambling Studies, Volume 13, Issue 2, pp. 221-239.
  10. Gu, X., Li, G. and Siu, R. (2012), “Casino Taxation in Tourism Resorts”, Gaming Law Review and Economics, Volume 16, Number 5, pp. 274-277.
  11. Li, G., Gu, X. and Siu, R. (2010), “The Impacts of Gaming Expansion on Economic Growth: A Theoretical Reconsideration”, Journal of Gambling Studies, Volume 26, Issue 2, pp. 269-285.
  12. Gu, X. and Li, G. (2009), “Why Do Various Gaming Markets Adopt Different Tax Rates?”, Journal of Gambling Business and Economics, Volume 3, Issue 1, pp. 65-87.(ABS1)
  13. Li, G. and Ng, Y-K. (2007), “An Indirect Pricing Theory of the Firm: A General-equilibrium Analysis Involving Production Technology and Management Service”, Pacific Economic Review, Volume 12, Issue 1, pp. 129-148. (ABS2)
  14. Li, G. (2007), “The Emergence of Technology Entrepreneur and Economic Growth”, Review of Business Research, Volume VII, Number 3, pp. 137-142.
  15. Li, G. (2006), “A Model Explaining the Emergence of the Multinational Enterprise in Services”, Journal of International Business Strategy, Volume IV, Number 1, pp. 75-85.
  16. Li, G. (2005), “The Emergence of the Multinational Enterprise: A Decision-making Model”, Journal of International Finance and Economics, Volume I, Number 1, pp. 80-93.
  17. Li, G. and Ng, Y-K. (2004), “The Emergence of Multinational Enterprises: A General-equilibrium Analysis”, Journal of International Business and Economics, Volume II, Number 1, pp. 45-60.
  18. Zhai, Y. and Li, G. (2002), “Analysis of Free Trade Welfare Effects of Developing Countries Based on Intraindustry Trade Model”, Journal of the Humanities (the official publication of the Shaanxi Academy of Social Sciences), Number 4, pp. 65-68.
  19. Zhai, Y. and Li, G. (1999), “Study on Welfare Effects of Two Types of International Economic Integration”, Journal of Northwestern Institute of Textile Science and Technology, Number 1, pp. 6-11.
  20. Li, G. and Zhai, Y. (1998), “Analysis of the Trade Effects of International Economic Integration of Developing Countries”, Journal of Northwestern Institute of Textile Science and Technology, Number 1, pp. 1-6.
  21. Li, G. and Pei, Ch. (1998), “Analysis of the Problems of China Trade Liberalization”, Journal of the Humanities (the official publication of the Shaanxi Academy of Social Sciences), Number 1, pp. 51-54.
  22. Li, G. and An, L. (1998), “Analysis of Free Trade Welfare Effects of Transitional Countries”, Journal of Northwest University, Philosophy and Social Sciences Edition, No. 1, pp. 17-19.
  23. Pei, Ch. and Li, G. (1997), “To Develop the Economy of West China and Narrow down the Economic Gap between the West and East Parts of China”, Economic Management Tribune, Volume 2, pp. 33-35.
  24. Li, G. and Zhao, W. (1996), “New View on the Economic and Trade Relationship between Taiwan and Mainland China”, Journal of Shaanxi Normal University, Philosophy and Social Sciences Edition (Quarterly), Sup.1 (Sup., Number 11) Volume 25, pp. 70-73.
  25. Li, G. and Chen, J. (1996), “The Economic Analysis of China Soccer Institutional Change”, Economic Reform, Number 4, pp. 34-36.
  26. Chen, J. and Li, G. (1996), “The Economic Principles of China Phased Institutional Change”, Economic Management Tribune, Number 2, pp. 19-22.
  27. Chen, J. and Li, G. (1995), “The Evolution and Development of International Trade Theory”, Economic Management Tribune, Number 3, pp. 23-26.

Selected Conference Papers and Invited Presentations

  1. Liu, N., Li, G. and Gu, X., “Digital Technology and Economic Inequality: A Theory with Evidence from China”. Chinese Economists Society Annual Conference, Zhongnan University of Economics and Law, Wuhan, China, June 24-25, 2023.
  2. Liu, N., Li, G. and Gu, X., “A Simple Theory of Digital Finance, E-commerce, and Economic Inequality”. The Ninth International Conference on The Chinese Economy: Past, Present and Future, Institute of Economics, School of Social Sciences, Tsinghua University, Beijing, December 17, 2022.
  3. Gu, X., Li, G. and Zhao, Q., “Inequality Hikes, Saving Surges, and Housing Bubbles”. The Sixth International Conference on The Chinese Economy: Present and Future, Institute of Economics, School of Social Sciences, Tsinghua University, Beijing, December 21, 2019.
  4. Gu, X. and Li, G., “The Inequality-housing Price Nexus in Tourist Resorts: Theory and Evidence”, The 10th Biennial Conference of the Hong Kong Economic Association (HKEA), Xiamen University, Xiamen, P. R. China, December 14-15, 2018.
  5. Gu, X., Tam, P. and Li, G., “An Alternative Explanation for High Saving in China: Rising Inequality”, The Fourth International Conference on The Chinese Economy: Present and Future, Institute of Economics, School of Social Sciences, Tsinghua University, Beijing, December 16, 2017.
  6. Gu, X., Li, G. and Chang, X., “Casino Tourism and Taxation: Theory and Evidence”, The 92nd Annual Conference of Western Economic Association International, Marriott Marquis & Marina, San Diego, California, USA, June 25-29, 2017.
  7. Gu, X., Li, G., Zhang, Y. and Chang, X., “The Role of Financial Systems for Cross-country Differences in the Link between Income and Consumption Inequality”, The Eighth IEFS China Annual Conference, UIBE, Beijing, P. R. China, July 1-3, 2016.
  8. Gu, X., Li, G., Chang, X. and Guo, H., “Casino Tourism, Economic Inequality, and Housing Bubbles”, The 8th Global Chinese Real Estate Congress Annual Conference, Hangzhou, P. R. China, July 1-3, 2016.
  9. Gu, X., Tam, P. and Li, G., “An Alternative Explanation for Rising Inequality and High Saving in China”, the 2015 Henan Symposium of Development and Institutional Economics, Kaifeng, Henan, P. R. China, June 20-21, 2015.
  10. Gu, X., Tam, P. and Li, G., “An Empirical Approach to Rising Inequality and High Saving in China”, 2014 Eighth Biennial Conference of Hong Kong Economic Association, Shandong University, Jinan, Shandong, P. R. China, December 13-14, 2014.
  11. Li, G., Gu, X. and Wu, J., “A Trade Based View on Casino Taxation: Market Conditions”, 2013 Academy of International Business Southeast Asia Regional Conference, The Stones Hotel, Bali, Indonesia, December 5-7, 2013.
  12. Li, G., “The Outsourcing and Offshoring of Economic Organization”, the 88th annual conference of Western Economic Association International, the Grand Hyatt Seattle, Washington, United States, June 28-July 2, 2013.
  13. Li, G., Gu, X. and Wu, J., “The Study of Optimum Gaming Tax of Macau: An International Trade Based View”, New Openness in China, Tsinghua University and the University of International Business and Economics, Beijing, P. R. China, July 06-07, 2012.
  14. Gu, X., Li, G. and Tam, P., “Casino Business, Social Cost, and Tourism Taxation”, the International Conference on Economic and Financial Challenges in Asia-Pacific, Chengdu, Sichuan, P. R. China, June 29-July 1, 2012.
  15. Li, G. and Wu J., “Dynamic Analysis of Casino Taxation: An International Trade Based View”, The 2011 Academy of International Business (AIB) Southeast Asia Regional Conference, Grand Hyatt Taipei, Taipei, Taiwan, December 1-3, 2011.
  16. Li, G., “Economic Organization and Globalization: A General-equilibrium Analysis”, 2010 Hong Kong Economic Association Sixth Biennial Conference, Nankai University, Tianjin, P. R. C., December 17-19, 2010.
  17. Zhang, Y., Li, G. and Chia, W., “Real Interest Rate Shock, Economic Growth and Exchange Rate Regime – Evidence from Singapore and Hong Kong”, the 85th annual conference of Western Economic Association International, Portland, Oregon, U. S. A, June 29-July 3, 2010.
  18. Gu, X., Siu, R. C. and Li, G., “A Trade Based Equilibrium Analysis of Cross-Market Differences in Gaming Taxes”, Singapore Economic Review Conference 2009, Singapore, August 6-8, 2009.
  19. Li, G., Gu, X. and Siu, R. C., “The Impact of Gaming Expansions on Economic Growth: A Theoretical Reconsideration”, Symposium of the Southern Economic Journal – Gambling, Prediction Markets & Public Policy, Nottingham, U. K, September 15-16, 2008.
  20. Gu, X. and Li, G., “Why Do Various Gaming Markets Adopt Different Tax Rates?”, Symposium of the Southern Economic Journal – Gambling, Prediction Markets & Public Policy, Nottingham, U. K, September 15-16, 2008.
  21. Li, G., “The Emergence of Technology Entrepreneur and Economic Growth”, in Proceedings of the 10th International Conference of the Society for Global Business and Economic Development, Kyoto, Japan, August 8-11, 2007.
  22. Li, G., “A Model Explaining the Emergence of the Multinational Enterprise in Services”, in Proceedings of Academy of International Business (AIB) 2006 Annual Meeting, Beijing International Convention Center, Beijing, P. R. C, June 23-26, 2006.
  23. Li, G., “The Emergence of the Multinational Enterprise: A Decision-making Model”, International Academy of Business and Economics 2005 Annual Conference, Boardwalk Hotel & Casino, Las Vegas, Nevada, U. S. A, October 16-19, 2005.
  24. Li, G., “The Emergence of Multinational Enterprises: A General-equilibrium Analysis”, in Proceedings of Academy of International Business (AIB) 2003 Annual Meeting, Hyatt Regency Monterey, Monterey, California, U. S. A, July 5-8, 2003.
  25. Li, G., “A Model Formalizing Dunning’s Eclectic Paradigm”, in Proceedings of Academy of International Business (AIB) 2002 Annual Meeting, Caribe Hilton San Juan, San Juan, Puerto Rico. June 28-July 1, 2002. (This paper was nominated for both Haynes Prize for Best Paper Award and AIB Best Paper Award).

Selected Working Papers and Other Publications

  1. The Outsourcing and Offshoring of Economic Organization
  2. Economic Organization and Globalization: A General-equilibrium Analysis.
  3. Dynamic Analysis of Casino Taxation: An International Trade Based View.
  4. The Nature and Growth of Vertical Specialization: A General-equilibrium Analysis.
  5. Property Tax and the Housing Price in China: A Theoretical Reconsideration.
  6. The Emergence of Business Group: A General-equilibrium Analysis.
  7. Business Group Affiliation and Member Firms’ Performance.

Postgraduate Student Supervision

  • PhD Students
    • Luning Dong (September 2022-present)
    • Nian Liu (graduated in June 2023)
    • Haizhen Guo (graduated in March 2018)
  • Master Students
    • 7 Master degree students (graduated)

Editorialship/Society Membership

  • Western Economic Association International
  • The American Real Estate and Urban Economics Association
  • Academy of International Business
  • Hong Kong Economic Association
  • Life member, Clare Hall, University of Cambridge