Xu, Kuan, Professor of Economics

Kuan Xu

Professor (Retired), Dalhousie University; Sessional Lecturer, University of Toronto

Home page: https://faculty.economics.dal.ca/kxu/index.html

Publications:

The published materials are posted for "fair use" for instructional purposes. Please check out the copyright law for other purposes. Thank you!

(with Yongpei Cai) Net impact of COVID-19 on REIT returns. Journal of Risk and Financial Management, 15, 2022, 359.
(with Lei Wu and Qingbin Meng) Information flow and price discovery dynamics. Review of Quantitative Finance and Accounting, Vol. 56, 329–-367, 2021.
The Sen-Shorrocks-Thon index of poverty intensity, Encyclopedia of Quality of Life and Well-Being Research , Springer, 2020. Link .
(with Steven Shuye Wang and Hao Zhang) A microstructure study of circuit breakers in the Chinese stock markets. Pacific-Basin Finance Journal, 57, 2019, 101174.
(with Jerry Ren) Low Income Dynamics in Canadian Society: Debates on Low Income Measures and New Empirical Evidence. Journal of Canadian Studies , Vol 50, No. 3, 566-591, 2017.
(with Jun Yuan, Leonard MacLean, and Yonggan Zhao) Regime Dependent Sensitivity of Country Exchange Traded Funds to Common Risk Factors. Frontier Business Research in China, Vol. 10, No. 3, 385−431, 2016.
(with Lei Wu and Qingbin Meng) "Slow-burn" spillover and "fast and furious" contagion: A study of international stock markets. Appendices, Quantitative Finance , Vol. 15, No. 6, 933-958, 2015.
The Sen-Shorrocks-Thon index of poverty intensity, in Alex C. Michalos (ed.), Encyclopedia of the Quality of Life Research, Springer, Dordrecht, Netherlands: Springer, 2014, pp. 5845-5848.
(with Daniel de Munnik) Micro foundations of price-setting behaviour: Evidence from Canadian firms , Bank of Canada Working Paper (ISSN 1701-9394) No. 2007-31, in Yasuo Nishiyama (ed.), Monetary Policy: Roles, Forecasting and Effects, pp. 1-49, Chapter 1, 2012. ISBN 978-1-61942-181-3 (hardcover)
(with Jerry Ren) Low income dynamics and determinants under different thresholds: New findings for Canada in 2000 and beyond, Income Research Paper Series, No. 3, 2011 Statistics Canada Catalogue No. 75F0002MWE.
(with Ying Ma, Leonard MacLean, and Yonggan Zhao) A portfolio optimization model with regime-switching risk factors for sector exchange traded funds, Pacific Journal of Optimization, Vol. 7, No. 2, 281-296, 2011.
(with Payton Liu and Yonggan Zhao) Market regimes, sectorial investments, and time-varying risk premiums, International Journal of Managerial Finance, Vol. 7, No. 2, 107-133, 2011.
(with Zhengxi Lin) Participation in workplace employer-sponsored training in Canada: Role of firm characteristics and worker attributes, Contemporary Economic Policy, Vol. 29, No. 3, 416-430, 2011. A brief summary on binary choice models
(with Yun Daisy Li and Talan Iscan) The impact of monetary policy shocks on stock prices: Evidence from the United States and Canada, Journal of International Money and Finance, Vol. 29, No. 5, 876-896, 2010.
(with Lars Osberg and Jiaping Shao) The growth of poor children in China 1991-2000: Why food subsidies may matter, Health Economics, Vol. 18, s89-s108, 2009.
(with Lars Osberg) How should we measure global poverty in a changing world? Methodological issues and Chinese case study, Stata Codes for computation are downloadable. WIDER Research Papers (ISSN: 1810-2611) RP2006/64, Review of Development Economics, Vol. 12, No. 2, 419-441, 2008
U-Statistics and their asymptotic results for some inequality and poverty measures, Econometric Reviews, Vol. 26, No. 5, 567-577, 2007.
(with Gordon Fisher) Myopic loss aversion and margin of safety: The risk of value investing, Quantitative Finance, Vol. 6, No. 6, 481-494, 2006.
(with Stephane Mussard) A note on the multidimensional decomposition of Sen's index, Chinese Journal of Economic Theory, Vol. 1, 201-218, 2004. (English version)
How has the literature on the Gini index evolved in the past 80 years? Chinese version appears in China Economic Quarterly, Vol. 2, No. 4, 757-778, 2003.
(with Lars Osberg) The social welfare implications, decomposability, and geometry of the Sen family of poverty indices, Canadian Journal of Economics, Vol. 35, No. 1, 138-152, 2002. Stata Codes for computation are downloadable.
(with Lars Osberg) How to decompose the Sen-Shorrocks-Thon poverty index? A practitioner's guide, Journal of Income Distribution, Vol. 10, No. 1, 77-94, 2001.
(with Lars Osberg) On Sen's approach to poverty measures and recent developments, China Economic Quarterly, Vol. 1, No. 1, 151-170, 2001. Chinese Version.
(with Gordon Fisher) What investment style does a myopic investor prefer? ASAC Proceedings: Finance , Vol.21, No.1, 2000, 99-107.
Inference for generalized Gini indices using the iterated bootstrap method, Journal of Business and Economics Statistics , Vol. 18, No. 2, 223-227, 2000.
(with Lars Osberg) International comparison of poverty intensity: Index decomposition and bootstrap inference, Journal of Human Resources , Vol. 35, No. 1, 51-81, 2000. Errata. Stata Codes for computation are downloadable.
(with Lars Osberg) Poverty intensity - How well do Canadian provinces compare? Canadian Public Policy , Vol. 25, No. 2, 179-195, 1999. This approach is adopted by World Bank in Handbook on Poverty and Inequality (2009).
The statistical inference for the Sen-Shorrocks-Thon index of poverty intensity, Journal of Income Distribution , Vol. 8, No.1, 143-152, 1998.
(with Lars Osberg) A distribution-free test for deprivation dominance, Econometric Reviews, Vol. 17, No.4, 415-429, 1998; the reprint appears in Marie V. Lane(ed.) Trends in Poverty and Welfare Alleviation Issues, Nova Science Publishers, 2006.(ISBN: 1-59454-827-7), An alternative approach, Journal of Income Distribution, Vol. 7, No. 1, 45-62, 1997. For implementation in R, see Welfare, Inequality and Poverty Analysis with rtip: An Approach Based on Stochastic Dominance by Angel Berihuete, Carmen D. Ramos and Miguel A. Sordo
(with Gordon Fisher and Douglas Willson) An empirical analysis of term premium using significance tests for stochastic dominance, Economics Letters, Vol. 60, No. 2, 195-203, 1998.
Income uncertainty, substitution effect and relative yield spreads, Quarterly Review of Economics and Finance, Vol. 38, No. 2, 217-225, 1998.
Asymptotically distribution-free statistical test for generalized Lorenz curves: An alternative approach, Journal of Income Distribution, Vol. 7, No. 1, 45-62, 1997. For implementation in R, see Welfare, Inequality and Poverty Analysis with rtip: An Approach Based on Stochastic Dominance by Angel Berihuete, Carmen D. Ramos and Miguel A. Sordo
(with Lars Osberg) International comparisons of poverty intensity: Index decomposition and bootstrap inference, Bulletin of the International Statistical Institute, Session 51, Proceedings, Tome LVII, Book 2, 289-292, 1997.
(with L. Kryzanowski) Long-term equilibria of yields on taxable and tax-exempt bonds, International Review of Economics and Finance, Vol. 6, No. 2, 119-143, 1997.
(with G. Fisher and D. Willson) Testing first- and second-order stochastic dominance, Canadian Journal of Economics , Vol. 29, s562-s564, 1996.
(with L. Kryzanowski and H. Zhang) Determinants of the decreasing term structure of relative yield spreads for taxable and tax-exempt bonds, Applied Economics, Vol. 27, 583-590, 1995.

Unpublished Papers:

(with Jerry Ren and Ingrid Sketris) Brand-name and generic drug pricing in a regulated environment: Findings from Canadian data.
(with Stephane Mussard) Multidimensional decomposition of the Sen index: Some further thoughts.
(with Chang Dan and Hong Gu) The impact of hedging on stock returns and firm value. New evidence from Canadian oil and gas companies.
(with Ian Irvine) Crime, punishment and poverty in the United States.
Converging at the bottom of the income distribution? Assimilation of immigrant cohorts over time.
(with Lars Osberg) Poverty durations and poverty measurement.

Lower inflation with higher volatility: What can be learned from recent Canadian disinflation?

(with G. Fisher and D. Willson) New distribution-free tests for stochastic dominance.