A Brief Introduction of Professor Tai-Leung Terence CHONG

By Anny Peng

Professor Tai-Leung Terence CHONG is the economics professor of the Chinese University of Hong Kong University. He received his PhD from University of Rochester in 1995. His main research field includes Econometrics, Finance，Exchange Rate and International Economics，and Applied Economics and Economic Theory. He is the member of task force for the establishment of the Centre for Quality of Life, member of Project on the Right of Abode Issue, and member of Task Force for Cultivation of Good Teaching Culture.

Professor Tai-Leung Terence CHONG is outstandingly original, creative, and productive and has published extensively in a wide variety of prestigious journals.

On Econometrics

[37] "A Class Test for Fractional Integration" (with Melvin Hinich), Studies in Nonlinear Dynamics & Econometrics, forthcoming.

[36] "Estimation of Autoregressive Model in the Presence of Measurement" (with Venus Liew, Yuanxiu Zhang and Chi-Leung Wong), Economics Bulletin, 3, May 2006, no. 12, pp. 1-10.

[35] "The Polynominal Aggregated AR(1) Model", Econometrics Journal, 9, March 2006, pp. 98-122.

[34] "Autoregressive Lag Length Selection Criteria in the Presence of ARCH Errors " (with Venus Liew), Economics Bulletin, 3, April 2005, no. 19, pp. 1- 5.

[33] "Generic Consistency of the Break-Point Estimator under Specification Errors," Econometrics Journal, 6, June 2003, pp. 167-192.

[32] "Time Series Properties of the Aggregated AR(2) Processes," (with K.T. Wong), Economics Letters, 73, December 2001, pp. 325-332.

[31] "Structural Change in AR(1) Models," Econometric Theory, 17, No. 1, February 2001, pp. 87-155.

[30] "Estimating the Locations and Number of Change Points by the Sample-Splitting Method," Statistical Papers, 42, No. 1, 2001, pp. 53-79

[29] "Estimating the Differencing Parameter via the Partial Autocorrelation Function," Journal of Econometrics, 97, August 2000, 365-381.

[28] "Estimation of and Testing for Structural Break in the Error-in-Variables Model," Journal of Applied Statistical Science, 9 No. 2, 2000, pp. 147-158.

[27] "Asymptotic Distribution of the Sup-Wald Statistic under Specification Errors," Structural Change and Economic Dynamics, 10, 1999, pp. 421-430

[26] "Estimating the Location of Breaks in Restricted Structural Change Models," Journal of Applied Statistical Science, 9, No. 1, 1999, pp. 39-59.

[25] "Estimating the Fractionally Integrated Process in the Presence of Measurement Errors" (with C.S. Lui), Economics Letters, 63, June 1999, pp. 285-294.

[24] "Distribution of the Change-Point Estimator for Nearly-Integrated Processes," Far East Journal of Theoretical Statistics, 2, No. 1, 1998, pp. 69-84.

[23] "Estimating the Unit Root Process in the Presence of Measurement Errors," Journal of Applied Statistical Science, 6, No. 2/3, 1997, pp. 105-120.

[22] "Partial Parameter Consistency in a Misspecified Structural Change Model," Economics Letters, 49, October 1995, pp. 351-357.

On Finance

[21] "The Impact of the 1997 Handover on the Efficiency of the Hong Kong Stock Market" (with Lily Lok), Singapore Economic Review, forthcoming.

[20] "Technical Analysis and the London Stock Exchange: Testing the MACD and RSI Rules using the FT30" (with W.K. Ng), Applied Economics Letters, forthcoming.

[19] "On the Convergence of the Chinese and Hong Kong Stock Markets: A Cointegration Analysis of the A and H Shares" (with Qian Su and Isabel Yan), Applied Financial Economics, forthcoming.

[18] "Determining the Contribution to Price Discovery for Chinese Cross-listed Stocks" (with Qian Su), Pacific Basin Finance Journal, forthcoming.

[17] "The Risk-Adjusted Trading Rule Profits in Currency Spot Cross-rates" (with Thomas C.S. Shik), Applied Financial Economics Letters, forthcoming.

[16] "Profitability of the Directional Indicators" (with Vincent Lam), Applied Financial Economics Letters, forthcoming.

[15] "Profitability of Intraday and Interday Momentum Strategies" (with Vincent Lam and W. K. Wong), Applied Economics Letters, forthcoming.

[14] "A Comparison of MA and RSI Returns with Exchange Rate Intervention" (with Thomas C.S. Shik), Applied Economics Letters, forthcoming.

[13] "Has the 911 Incident Induced any Structural Change in the U.S. Stock Market? " Labuan Bulletin of International Business and Finance, forthcoming.

[12] "On the Co-movement of the A and H Shares" (with Qian Su), The Chinese Economy, forthcoming.

[11] "Do the Technical Indicators Reward Chartists in Greater China Stock Exchanges?" (with Wing-Keung Wong and Jun Du), Review of Applied Economics, 1, 2005, no. 2, pp. 1-23.

[10] "Prostick vs Candlestick: A comparison of trading strategies using modal and closing price data," (with Quincy C.F. Chan), The Technical Analyst, April 2004, pp. 32-34.

[9] "An Empirical Comparison of Moving Average Envelopes and Bollinger Bands," (with Joseph M.J. Leung), Applied Economics Letters, 10, May 2003, pp. 339-341.

On Exchange Rate and International Economics

[8] "The Revaluation and Future Adjustment of Renminbi" (with Ben Everard), The Chinese Economy, forthcoming.

[7] "Is the Yen-European Cross-rate Market Efficient?" (with L.M. Chiang and Venus Liew), International Economics and Finance Journal, 1, no. 1, June 2006, pp. 29-46.

[6] "Are Asian Real Exchange Rates Stationary?" (with Venus Liew and A.Z. Baharumshah), Economics Letters, 83, June 2004, pp. 313-316.

[5] "The Inadequacy of Linear Autoregressive model for Real Exchange Rates: Empirical Evidence from Asian Economies," (with K.P. Lim and Venus Liew), Applied Economics, 5, August 2003, pp. 1387-1392.

[4] "Metzler's Paradox and the Optimum Tariff in a Monetary Economy," (with T. Palivos and C.K. Yip), Journal of Economic Integration, 13(2), June 1998, pp. 218-233.

On Applied Economics and Economic Theory

[3] "Hedonic Pricing Models for Vehicle Registration Marks" (with Xin Du), Pacific Economic Review, forthcoming.

[2] "Two-sided Matching, Who Marries Whom? And what Happens upon Divorce?" Economics Bulletin, 4, June, 2006, no. 21, pp. 1-7.

[1] "Coase Theorem in Two-sided Matching Marriage Games," Seoul Journal of Economics, 11, No. 3, Fall 1998, 283-293.

　Professor Tai-Leung Terence CHONG has won a lot of research grants, which has brought great renown and prestige to the Chinese University of Hong Kong.

Selected Research Grants

HK$80,000. "Profitability of Time-Series Model Trading Rules," funded by the Direct Grant for Research 2005, The Chinese University of Hong Kong

HK$387,817. "Estimating of and Testing for a Break in the Differencing Parameter," funded by the Research Grants Council of Hong Kong (RGC) 2000/01

HK$220,000. "Testing the Null Hypothesis of ARFIMA Processes against the Alternative of Non-ARFIMA Processes," funded by the Research Grants Council of Hong Kong (RGC) 1998/99

HK$210,790. "Generic Consistency of the Break-Point Estimator under Specification Errors," funded by the Research Grants Council of Hong Kong (RGC) 1997/98

HK$47,000. "Estimating Structural Change Models with Nonstationary Regressors," funded by the Direct Grant for Research 1996, The Chinese University of Hong Kong

HK$50,500. "Estimating the Location of Breaks in Restricted Structural Change Models," funded by the Research Funds for New Recruits 1995, The Chinese University of Hong Kong

HK$4,500. "Testing for Stochastic Unit Root Process," funded by the Student Campus Work Scheme 1995/96, The Chinese University of Hong Kong

Fellowships

University Fellowship and Tuition Fellowship, 1992-1995, University of Rochester

Sung Han Chang Memorial Scholarship and Research Fund, 1991, The Chinese University of Hong Kong