[an error occurred while processing this directive] Winston Chang - Department of Economics :: University at Buffalo
 

Faculty

Winston Chang

Professor of Economics
Office: 453 Fronczak Hall
Phone: (716) 645-8671
Fax: (716) 645-2127
E-mail: ecowwc@buffalo.edu

 

Winston Chang CV

Education

  • Ph.D. Economics, University. of Rochester
  • M.A. Economics,  University of Rochester
  • B.A. School of Business, summa cum laude, National Taiwan University

Academic Appointments

  • Professor of Economics, State University of New York at Buffalo, since 1978
  • Visiting Professor, Research Institute for Economics and Business Administration, Kobe University, Japan, 1992.
  • Visiting Research Professor, Institute of Economics, Academia Sinica, Taipei, Taiwan, 1982
  • Associate Professor of Economics, State University of New York at Buffalo, 1970--1978
  • Assistant Professor of Economics, State University of New York at Buffalo, 1967--1970
  • Project Specialist, Chinese University Development Project II, sponsored by the U.S. National Academy of Sciences and the World Bank, 1987 and 1990.

Honors and Awards

  • Member, the Editors, Global Journal of Economics, 2012-
  • Member, Editorial Board, Journal of Korea Trade, 2009-
  • Member, Editorial Board, GITAM Review of International Business, 2008-
  • Member, the Educational Advisory Board, American Biographical Institute, 1984--1987
  • Member, the Research Board of Advisors, American Biographical Institute, since 1988
  • State University of New York Chancellor's Award for Excellence in Teaching, 1975
  • National Science Foundation Research Grant, 1969
  • National Science Council (Taiwan) Research Grant, 1982
  • Japan's Ministry of Education, Research Grant, 1992.
  • Listed in:
    • Who's Who in America
    • American Men and Women of Science
    • Biography International
    • Who's Who in American Education
    • Who's Who among Asian Americans
    • Who's Who in the East
    • Who's Who in Science and Engineering

Publications 

I.  Books and Chapters in Books

  • Imperfect Competition in International Trade (co-edited with S. Katayama).  Norwell, MA: Kluwer Academic Publishers, 1995.

  • "The United States and Canada: The Move towards Free Trade," Chapter 12, International Monetary, Banking and Trade Systems and Economic Development, ed. by M. Thomas Paul, National Institute of Bank Management, Pune, India,  1992, pp. 145--156.

  • "Strategic Tariff Policy in a Model of Trade in Intermediate and Final Products" (with J. C. Kim), in Trade, Policy and International Adjustments, Academic Press, Inc. 1991.

  • "A Commentary on Increasing the Saving Rate: An Analysis of the Transition Path," in The Economics of Saving, ed. by James H. Gapinski, Kluwer Academic Publishers, 1993, pp. 253--261.

  •  "The Optimum Tariff Structure in a Small Open Multihousehold Economy," Chapter 10 in Trade, Welfare, and Economic Policies: Essays in Honor of Murray C. Kemp, ed. by H. Herberg and N. V. Long, the University of Michigan Press, 1993, pp. 177--191.

  • "The Existence and Persistence of Cycles in a Non-Linear Model: Kaldor's 1940 Model Re‑examined" (with D. J. Smyth), originally published in Review of Economic Studies, Vol. 38, No. 1, January, 1971, pp. 37--44, reprinted in Chapter 7, NonLinear Dynamics in Economic Theory, ed. by Marc Jarsulic, in the series of The International Library of Critical Writings in Economics, Edward Elgar Publishing Ltd., 1993, pp. 98--105.

  • "Introduction" (with S. Katayama), in Chapter 1, Imperfect Competition in International Trade, ed. by W. Chang and S. Katayama, pp. 1--12.  Kluwer Academic Publishers, 1995.

  • "Intermediate Input Dependency, Technology Catch-up, and Strategic Trade Policy" (with K. H. Park), in Chapter 8, Imperfect Competition in International Trade, ed. by W. Chang and S. Katayama, pp. 121--142.  Kluwer Academic Publishers, 1995.

  • "Theory and Policy of Trade with Imperfect Competition" (with S. Katayama), in Chapter 2, Imperfect Competition in International Trade, ed. by W. Chang and S. Katayama, pp. 15--52.  Kluwer Academic Publishers, 1995.

  • "Intermediate Input Dependency, Technology Catch-up, and Strategic Trade Policy" (with K. H. Park), in Chapter 8, Imperfect Competition in International Trade, ed. by W. Chang and S. Katayama, pp. 121--142.  Kluwer Academic Publishers, 1995.

II. Selected Journal Articles

  • "The Theory of Saving and the Stability of Growth Equilibrium," Quarterly Journal of Economics, Vol. 83, No. 3, August 1969, pp. 491--503.
  • "A Model of Induced Invention and Economic Growth," Metroeconomica, Vol. 21, January--April 1969, pp. 29--44.
  • "The Role of Saving in a Growth Model with Induced Inventions," Review of Economics and Statistics, Vol. 51, No. 4, November 1969, pp. 62--67.
  • "A Two Sector Model of Economic Growth with Induced Technical Progress," Canadian Journal of Economics, Vol. 3, No. 2, May 1970, pp. 199--212.
  • "The Neoclassical Theory of Technical Progress," American Economic Review, Vol. 60, No. 5, December 1970, pp. 912--923.
  • "The Role of Saving in a Growth Model with Induced Inventions: A Correction" (with E. Burmeister and R. Dobell), Review of Economics and Statistics, Vol. 52, No. 4, November 1970.
  • "The Existence and Persistence of Cycles in a Nonlinear Model: Kaldor's 1940 Model Re‑examined" (with D. J. Smyth), Review of Economic Studies, Vol. 38, No. 1, January 1971, pp. 37--44.
  • "A Model of Economic Growth with Induced Bias in Technical Progress," Review of Economic Studies, Vol. 39, No. 2, April 1972, pp. 205--212.
  • "Stability and Instability of IS-LM Equilibrium" (with D. J. Smyth), Oxford Economic Papers, Vol. 24, No. 3, November 1972, pp. 372--384.
  • "Intermediate Goods in a General Equilibrium Trade Model" (with W. Mayer), International Economic Review, Vol. 14, No. 2, June 1973, pp. 447--459.
  • "Intermediate Products, Aggregation, and Economic Growth," Southern Economic Journal, Vol. 40, No. 1, July 1973, pp. 56--65.
  • "Induced Bias in Invention and Two‑Sector Growth Models," Metroeconomica, Vol. 25, No. 3, September--December 1973, pp. 288--305. 
  • "Capital Aggregation in a General Equilibrium Model of Production" (with M. Brown), Econometrica, Vol. 44, November 1976, pp. 1179--1200.
  • "Tariff Structure and Output Adjustment in the Presence of Interindustry Flows," Journal of International Economics, Vol. 7, No. 4, November 1977, pp. 329--342.
  • "A Note on Consumption Substitution and Growth," Economic Record, Vol. 53, No. 4, December 1977, pp. 550--558.
  • "Some Theorems of Trade and General Equilibrium with Many Goods and Factors," Econometrica, Vol. 47, No. 3, May 1979, pp. 709--726.
  • "The Theorems of International Trade with Joint Production (with W. J. Ethier and M. C. Kemp), Journal of International Economics, Vol. 10, No. 3, August 1980, pp. 377--394.
  • "Some Theorems of Trade and General Equilibrium with Many Goods and Factors," Econometrica, Vol. 47, No. 3, May 1979, pp. 709--726.
  • "Production Externalities, Variable Returns to Scale, and the Theory of International Trade," International Economic Review, Vol. 22, No. 3, October 1981, pp. 511--525.
  • "The Modern Theory of Trade in Time-Phased Economies," Academia Economic Papers, Vol. 10, No. 2, September 1982, pp. 113--128.
  • "Money, Inflation and Maximizing Behavior: the Case of Many Countries" (with M. C. Kemp and N. V. Long), Journal of Macroeconomics, Vol. 5, No. 3, summer 1983, pp. 251--263.
  • "Liquidity Preference as Behavior toward Risk Is a Demand for Short-term Securities─Not Money" (with D. Hamberg and J. Hirata), American Economic Review, Vol. 73, No. 3, June 1983, pp. 420--427.
  • "Exchange Rate Expectations and the Foreign Exchange Markets," Academia Economic Papers, Vol. 11, No. 1, March 1983, pp. 257--275.
  • "Dynamic Properties of a Simple Overlapping Generations Model" (with M. C. Kemp and N. V. Long), Oxford Economic Papers, Vol. 35, No. 3, November 1983, pp. 366--372.
  • "Liquidity Preference as Behavior toward Risk Is a Demand for Short-term Securities─Not Money─A Reply" (with D. Hamberg and J. Hirata), American Economic Review, Vol. 74, No. 4, September 1984, pp. 812--813.
  • "A Model of Growth and Trade in Time‑Phased Economies" (with S. H. Chiang), International Economic Review, Vol. 27, No. 3, October 1986, pp. 783--802.
  • "On the Pricing and Benefit Structure of a Private Club or Public Utility" (with L. Southwick, Jr.), Public Choice, Vol. 55, No. 3, 1987, pp. 227--244.
  • "On the Canadian Economic Liberalization", in Current Economic Problems, Chung-Hua Institution of Economic Research, 1988, pp. 23--28.
  • "Optimum Tariff and Its Optimum Revenue Distribution" (with M. S. Michael), Economics Letters, Vol. 28, 1988, pp. 369--374. 
  • "The United States and Canada:  The Move towards Free Trade," Journal of Foreign Exchange and International Finance, Vol. 3, No. 1, January-March 1989, pp. 30--40.
  • "Optimal Commercial Policy for an Open Economy under Domestic Distortions" (with M. S. Michael), Economics Letters, Vol. 31, 1989, pp. 163--167.
  • "Competition in Quality Differentiated Products and Optimal Trade Policy" (with J. C. Kim), Keio Economic Studies, Vol. 26, No. 1, 1989, pp. 1--17.
  • "Patterns of Production and Gains from Trade in a Neo-Ricardian System" (with S. H. Chiang), Taiwan Economic Review, Vol. 17, No. 4, December 1989, pp. 459--480.
  • "An Economist's Perspective on the U.S.-Canadian Free Trade Agreement," Regional Science Review, Vol. 18, 1991, pp. 50--60.
  • "Income Distribution and Optimum Tariff" (with M. S. Michael), Keio Economic Studies, Vol. 28, no. 2, 1991, pp. 1--11.
  • "Recent Developments in the Theory of Trade with Imperfect Competition" (with S. Katayama), Kobe Economic & Business Review, vol. 37, 1992, pp. 69--107.
  • "An Evaluation of the U.S.-Canada Free Trade Agreements" (with S. Katayama), Kobe Economic and Business Review, Vol. 44, 1994, pp. 213--229.
  • "Vertically Related Markets: Export Rivalry between DC and LDC Firms" (with F. Y. Chen), Review of International Economics, Vol. 2, No. 2, 1994, pp. 131--142.
  • "Tariff Effects on a Foreign Monopoly's Optimal Timing of Product Introduction and Quality Upgrading" (with K. H. Park), Academia Economic Papers, Vol. 23, No. 3, December 1995, pp. 193--208.
  • "Conjectural Variations, Market Power and Optimal Trade Policy in a Vertically Related Industry" (with H. Sugeta). Review of International Economics, Vol. 12, no. 1, 2004, 12--26. An earlier version is available at SSRN no: 513987. Link
  • "Cost Asymmetry, Oligopolistic Competition and Optimal Trade and Industrial Policies,” (with H. Sugeta), International Economic Journal, Vol. 19, No. 1, March 2005, pp. 95--114. An earlier version is available at SSRN Working Paper no: 1736763. Link
  • “Optimal Trade and Privatization Policies in an International Duopoly with Cost Asymmetry,” Journal of International Trade and Economic Development, Vol. 14, No. 1, March 2005, pp. 19--42. An earlier version is available at SSRN Working paper no: 1736738. Link
  • "Optimal Trade, Industrial, and Privatization Policies in a Mixed Duopoly with Strategic Managerial Incentives," Journal of International Trade and Economic Development, Vol. 16, No. 1, March 2007, pp. 31--52. An earlier version is available at SSRN no: 1736738. Link
  • “Antidumping, Countervailing, and Safeguard Measures,” GITAM Review of International Business, Vol. 1, Issue 1, July 2008, pp. 1--34. An earlier version is available at SSRN Working Paper no: 1736735. Link
  • “Trade Disputes in Practice,” Vignana Jyothi Journal of Management, Vol. 1, Issue 1, July--December 2009, pp. 33--45. An earlier version is available at SSRN Working Paper no: 1736733. Link
  • “The EU and the Eurozone: Past, Present, and Future,” GITAM Review of International Business, Vol. 3, Issue 1, 2010, pp. 1--40.  An earlier version is available at SSRN Working Paper no: 1736730. Link
  • "Financial Crisis of 2007--2010," Keio Economic Studies, Vol. 47, 2011, pp. 25--56. An earlier version was presented at the 19th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management, July 9, 2011, Taipei, Taiwan. An earlier version is available at SSRN Working Paper no: 1738486. Link
  • "The Economics of Offshoring," Global Journal of Economics, Vol. 1, No. 2, November 2012. An earlier version was presented at the Conference on Global Economy, sponsored by APEA, KIET and RCIE, March 17--18, 2012, Seattle, WA. An earlier version is available at SSRN Working Paper no: 2016984. Link
  • "Monopolistic Competition and Product Diversity: Review and Extension," Journal of Economic Surveys, vol. 26, No. 5, December 2012, pp. 879--910. Link. An earlier version is available at SSRN Working Paper no: 1736712. Link.
  • "Optimal Transfer Pricing: Competition Mode, Demand and Strategic Characteristics, and Production Technology" (with Han Eol Ryu), Global Journal of Economics, DOI: 10.1142/S2251361213500031, December, 2013. An earlier version available at SSRN Working Paper no. 2161925. Link

III. Working Papers

  • "Monopoly, Quantity Discounts and Taxation" (with Tai-Liang chen) June 24, 2014, available at SSRN Working Paper no: 2461257. Link

  • "World Trade and the Environment: Issues and Policies," May 9, 2014, available at SSRN Working Paper no: 2435700. Link
  • "Export Rivalry, Vertically-Related Markets, and the Optimal Privatization Policy" (with Han Eol Ryu) May 5, 2014, available at SSRN Working Paper no: 2433041. Link
  • "Optimal Upstream SOE's Managerial Delegation and Downstream Industrial Policy Under Successive Duopoly" (with Fang-yueh Chen) March 25, 2014, available at SSRN Working Paper no: 2414690. Link
  • "The Theory of Quantity Discounts and Optimal Pricing," (with Tai-Liang Chen) January 28, 2014, available at SSRN Working Paper no: 2387088. Link
  • "Vertically-Related Markets, Foreign Competition, and Optimal Privatization Policy," (with Han Eol Ryu) December 25, 2013, available at SSRN Working Paper no: 2371857. Link
  • “Optimal Transfer Pricing in a Vertically-integrated and Imperfectly Competitive Market" (with Han Eol Ryu), paper presented at the 20th Annual Conference on Pacific Basin Finance, Economics, Accounting, and Management (PBFEAM) at Rutgers University, USA in September 2012. Link
  • "A Concise Guide to Dynamic Optimization," October 15, 2011. Available at SSRN:  Link