Associate Professor in Business Economics
Associate Head of Department of Finance and Business Economics
Programme Coordinator of MSc in Data Science (specialization in Financial Technology)
- PhD in Economics, Middlesex University , UK, 2006
- Master in European Studies, University of Macau , Macau, 2000
- Master in Economics (Science) , Hong Kong University of Science and Technology , Hong Kong, 1996
- Bachelor in Social Science (Economics) , University of Macau, Macau, 1995
- Associate Professor, Department of Finance and Business Economics, FBA, University of Macau (2023-present
- Assistant Professor, Department of Finance and Business Economics, FBA, University of Macau (2006-2023)
- Lecturer of Economics, FBA, University of Macau (1999-2006)
- Undergraduate Courses
- Principles of Microeconomics (BECO1000)
- Principles of Macroeconomics (BECO1001)
- Intermediate Economics (BECO2000)
- The Economics of Tourism (BECO3004)
- Intermediate Macroeconomics (BECO3009)
- Greater China and the Global Economy (GEGA2001)
- Graduate Courses
- Seminar on Selected Topics about European Economy (GPAD7530)
- EU and Sustainable Development (GPAD7514 )
- Innovation and the World Economy (GPAD7511)
- Politics and Economy in Macao (SSGC7003)
- Introduction to Macau Studies (SSGC7001)
- Economic Integration
- Productivity and Efficiency
- Income Inequality
- Macroeconomic Policies
- Chinese Economy
- The nexus of financial development, inequality and environment, (MYRG2022-00132-FBA), funded by the University of Macau, 2022-2024
- A unifying study dichotomous collateral effects in bank lending, (MYRG2022-00092-FBA), funded by the University of Macau, 2022-2024
- The development of modern financial services in Macao, (EF2023-00009-FBA), funded by the Institute of European Studies of Macau, IEEM, 2023
- The impacts of China’s high speed railway system on tourism development (MYRG2018-00122-FBA) funded by the Research And Development Office of University of Macau, 2018-2019.
- Tourism and inequality alleviation: The case of China (MYRG2017-00101-FBA) funded by the Research And Development Office of University of Macau, 2017-2018.
- Yao, Y., Wang, Z. and Lei, C.K., 2024. How does green finance affect human well-being in the context of aging populations? Evidences from China. Sustainability, Accounting, Management and Policy Journal. https://doi.org/10.1108/SAMPJ-12-2023-0889 (ABS2)
- Gu, X.H., Lei, C.K., Zhao, Q. & Liu, N., 2023. Different experiences of Asian emerging-market economies in the two major financial crises, International Journal of Finance and Economics. DOI: https://doi.org/10.1002/ijfe.2828 (ABS3)
- Chang, X., Liu, N., Lei, C.K., Zhao, Q.B. & Gu, X.H., 2023. Current account imbalances, income inequality, and financial instability: Asian experiences, Emerging Markets Finance and Trade. DOI: https://doi.org/10.1080/1540496X.2023.2195537 (ABS2)
- Liu, N., Gu, X.H., & Lei, C.K. (2022), The equilibrium effects of digital technology on banking, production, and employment, Finance Research Letters, https://doi.org/10.1016/j.frl.2022.103196 (ABS2)
- Tam, P.S., Lei, C.K. & Zhai, T., (2022), Investigating the bidirectionality of the relationship between residents’ perceptions of tourism impacts and subjective wellbeing on support for tourism development, Journal of Sustainable Tourism, DOI: 10.1080/09669582.2022.2071911 (ABS3)
- Gu, X.H., Sheng, L. & Lei, C.K (2022), Specialization or diversification: A theoretical analysis for tourist cities, Cities, DOI: https://doi.org/10.1016/j.cities.2021.103517 (ABS2)
- Yao, S., Yan, X., Lei, C.K. & Wang, F., (2021), High-speed railway and tourism development in China, Tourism Economics, DOI: https://doi.org/10.1177/1354816621998520 (ABS2)
- Zhao, Q.B., Li, G.Q., Gu, X.H. & Lei, C.K., (2020), Inequality hikes, saving surges, and housing bubbles, International Review of Economics and Finance, https://doi.org/10.1016/j.iref.2020.12.012 (ABS2)
- Gu, X.H., Tam, P.S., Lei, C.K., , Chang, X. (2020), The effects of inequality in the 1997-98 Asian crisis and the 2008-09 global tsunami: The case of five Asian economies, Journal of International Money and Finance, DOI: https://doi.org/10.1016/j.jimonfin.2020.10230 (ABS3)
- Zhao, Q.B., Lei, C.K., , Peng, L. and Gu, X.H. (2020), The U.S.-Sino different links between income and consumption inequality, Applied Economics Letters, https://doi.org/10.1080/13504851.2020.1771268 (ABS1)
- Lei, C.K., Incoming foreign direct investment and the development of the “Four Key Industries” in Macau in Proceedings of Macao Economic Forum 2022, Macau Economic Association, 2023 (in Chinese). ( 李振國，“澳門的外來直接投資與“四大產業”發展” ，《澳門經濟論壇 2022 論文集》，周平(編) ，澳門經濟學會，2023，ISBN 978-99965-60-13-2)
- Lei, C.K., The industry-academic-research cooperation strategy of Macau’s technology industry in Proceedings of Macao Economic Forum 2021, Macau Economic Association, 2022 (in Chinese). ( 李振國，”淺淡澳門科技產業的產學研合作策略” 《澳門經濟論壇 2021 論文集》，周平(編) ，澳門經濟學會，2022，ISBN 978-99965-60-12-5)
- Lao, C.N. & Lei, C.K. (edited), Study on Macau’s Tourism and Leisure Competitiveness Index, Macau Economics Association, 2018. (in Chinese). (柳智毅，李振國，《澳門旅遊休閒綜合競爭力指數研究》，澳門經濟學會，2018，ISBN: 978-99965-60-03-3)
- Lei, C.K., 2018. Manufacturing Sector in Lao, C.N. (edited) Analysis of Macau Economy and Industrial Development, Macau Economic Association, 2018 (in Chinese), (李振國， “製造業” ，《澳門經濟與各產業發展現狀分析》，澳門經濟與各產業發展現狀分析，柳智毅(編) ，澳門經濟學會，2018，ISBN:978-99965-60-02-6)
- Lei, C.K. and Tam, P.S. (2013). Stochastic convergence of the Greater China economies: A panel unit root approach. In B. Wu, S. Yao, and J. Chen (eds.). China’s Development and Harmonisation: Toward a Balance with Nature, Society and International Community, Routledge, 2013, ISBN: 978-0415665674
- Lei C.K. and Yao S. “Economic Convergence in Greater China” Routledge, 2009, ISBN: 978-0-415-43581-9
- Yao, Y., Lei, C.K. and Wang, Z., 2024. Intersectional inequality under the two-child policy: an empirical study of household financial vulnerability in China. Western Economic Association International (WEAI) 99th Annual Conference, June 29 – July 3, Seattle, Washington.
- Lei, C.K., 2021. The showcase effect of the innovative institutional structure in the Hengqin In-depth Cooperation Zone on the Greater Bay Area, the 3rd Guangdong-Hong Kong-Macau Cooperation Forum 2021, Jinan University, Guangzhou, China (in Chinese) (李振國，”《橫琴粵澳深度合作區建設總體方案》的制度創新對「粵港澳大灣區」的示範作用” ， 第三届粤港澳合作論壇，廣州暨南大學，2021年10月。)
- Tam, P.S., Lei, C.K. & Zhai, T., 2020. Rethinking the relationships among residents’ perceived tourism impacts, life satisfaction and support for tourism development. APacCHRIE 2020, Hong Kong.
- Lei, C.K. “Are the “Financial Relief” measures relevant under “Relative Static”?” Macau Business, 7 August 2022
- 李振國，“旅客多元發展策略：加速澳門重點國際旅客市場復甦的政策建議”，《澳門經濟》， 2024年1月， 54期， 10-23頁。
- 李振國，“對澳門金融業發展現狀的思考、分析及討論”，《澳門經濟》，2023年6月， 53期， 60-75頁。
- Gu, X.H., Zhao, Q.B., & Lei, C.K., 2022. Different experiences of Asian emerging-market economies in the two major financial crises.
- Gu, X.H., Zhao, Q.B., Peng, L. & Lei, C.K., 2022. Bank efficiency in Greater China: A comparative study via technological gap ratios
- Chang, X., Gu, X.H., Lei, C.K. & Lei, C., 2022. An integral study of the dichotomous links between collateral and interest rates: Theory and evidence
- PhD Students
- Co-supervisor and Member of Advisory Committee
- Master Students
- Supervisor of Master of Science in Data Science with the Specialization of Financial Technology
- Supervisor of MBA Program
- Supervisor of Master in Social Science (Macau Studies) Program
- Supervisor of Master of European Studies Program
- Supervisor of Master of Science in Finance Program
- Vice Chairman, Executive Board, Macau Economic Association
- Member of the Executive Board, Macao Public Governance Research Center
- Member of Hong Kong Economic Association
- Member of Chinese Economic Association (CEA) U.K.
- Member, Board of Director and the Executive Committee, Master of European Studies Association of Macau