Xiao Wang

Xiao Wang

I am a Professor in the School of Management and an Assistant Dean of International Institute of Finance at the University of Science and Technology of China.

Welcome to my personal webpage!

About Me

I am a Professor in the School of Management and an Assistant Dean of International Institute of Finance at the University of Science and Technology of China. My primary research interests include international finance, international trade, and applied econometrics. 

PROFESSIONAL EXPERIENCE

Current Position

University of Science and Technology of China Hefei, China

Professor, Since July 2018

Assistant Dean to Institute of International Finance, Since July 2019

Previous Position

University of North Dakota Grand Forks, North Dakota, US

Associate Professor, August 2017-June 2018

Assistant Professor, August 2012-May 2017

Visiting Assistant Professor, August 2011-May 2012

Educations

University of Wisconsin–Madison Madison, Wisconsin, US

Ph.D., Economics, August 2011

M.S., Economics, August 2008

Peking University Beijing, China

M.A., Economics, June 2005

B.A., Economics, June 2003

Contact Information

Department of Statistics and Finance, School of Management, University of Science and Technology of China

Room 1031, Management R&D building, East Campus of USTC

96 Jinzhai Road, Hefei, Anhui 230026, People’s Republic of China

Phone: +86-551-63600762

E-mail: iriswx@ustc.edu.cn

Homepage: https://Iriswangustc.github.io

CV

My CV is here.

Research

My current research interests include international finance, international trade, corporate finance, development economics, and applied econometrics.

Publications

Selected peer-reviewed journal articles

  • “FDI and Firm Productivity: The Role of Financial Constraints,” with Wontae Han and Jian Wang， 2022. Journal of International Money and Finance, forthcoming.

  • “The Gravity of Intermediate Inputs in Productivity Spillovers: Evidence from Foreign Direct Investment in China,” with Yiqing Xie， 2022. Review of International Economics, 30(2): 629-652. pdf.

  • “A Machine Learning Approach to Forecasting Carry Trade Returns,” with Xiao Xie, Yihua Chen, and Borui Zhao, 2022. Applied Economics Letters, 29(13): 1199-1204. pdf.

  • “Do Banking System Transparency and Competition Affect Non-Performing Loans in the Chinese Banking Sector?” with Usman Bashir, Yugang Yu, Muntazir Hussain, Ahmed Ali, 2017, Applied Economics Letters, 24 (21): 1519-1525. pdf.

  • “Benefits of Foreign Ownership: Evidence from Foreign Direct Investment in China,” with Jian Wang, 2015, Journal of International Economics, 97 (2): 325-338. pdf.

  • “Global Diversification and IPO Returns,” with David Mauer, Song Wang and Yilei Zhang, 2015, Journal of Banking and Finance, 58: 436-456. pdf.

  • “Trade Credit, International Trade Costs and Exports: Cross-Country Firm-Level Evidence,” 2015, Applied Economics Letters, 22 (12): 993-998. pdf.

Policy Articles

  • “Foreign Direct Investment: Financial Benefits Could Surpass Gains in Technology,” with Jian Wang and Janet Koech, 2015, Economic Letter, 10(9), 1-4.

Working Papers

  • “Estimating a dynamic network formation model with heterogeneity: Application to international trade network,” with Yapeng Zheng and Bo Zhang. This draft: 2023. pdf.

  • “Cheap USD Credit: Panacea or Poison? Firm-level Evidence from Emerging Markets,” with Steve Pak Yeung Wu and Haichun Ye. This draft: 2023.

  • “Favorable Tax Treatment for FDI firms and Foreign Ownership Wage Premium,” with Wontae Han and Jian Wang. This draft: 2021.

  • “Benefits of FDI Subsidies: The Role of Funding Sources,” with Wontae Han and Jian Wang. This draft: 2022.

  • “Financial Constraints and Exports.” First draft: 2012, this draft: 2015.

  • “Can Bilateral Trade Explain Output Correlations?” First draft: 2011, this draft: 2014.

Honors and Awards

  • Teaching award first class, Anhui Province, China, 2022
  • National Natural Science Foundation of China (grant number: 72003181), $37,000, 2021- 2023
  • Teaching research project, University of Science and Technology of China, $6,000, 2020- 2021
  • Special research fund, University of Science and Technology of China, $15,000, 2020- 2022
  • Tang Scholar, University of Science and Technology of China, $51,000, 2019-2021
  • Startup fund, University of Science and Technology of China, $142,000, 2018
  • Pushan Academic Award (Biennial), China Society of World Economics, $14,000, 2017
  • University of North Dakota Summer Research Support, $7,000, 2016
  • University of North Dakota Senate Travel Grant, $240, 2016
  • University of North Dakota Summer Research Support, $2,500, 2014
  • University of North Dakota Senate Research Award, $1,700, 2014
  • University of North Dakota Senate Travel Grant, $200, 2014
  • University of North Dakota Summer Research Support, $2,500, 2013
  • North Dakota Experimental Program to Stimulate Competitive Research Award, $2,500, 2012
  • Robock Award for Empirical Research, University of Wisconsin–Madison, $2,500, 2010
  • Honored Instructor Award, University of Wisconsin–Madison, 2008
  • Walter Morton Scholarship, University of Wisconsin–Madison, 2005–2006

Invited Talks

  • China & World Economy Conference, CIFER Conference (Tsinghua University), Western Economic Association International Conference, China Meeting of the Econometric Society, Asia and Pacific Trade Seminar, 2022
  • Southern Economics Association Conference, Shanghai University of Finance and Economics, China Meeting of the Econometric Society, Association of International Business Annual Meeting, Hefei University of Technology, 2021
  • Tsinghua CIFER conference, Southern Economics Association Conference, USTC-UW
  • Fintech and Management Innovation conference (keynote), Ohio University, Peking University (School of Economics, Guanghua School of Management), 2020
  • Tsinghua Workshop in Macroeconomics, China International Conference in Macroeconomics, Asia and Pacific Trade Seminar, University of Science and Technology of China, Southern Economic Association, 2019
  • The 10th International Symposium on Human Capital and the Labor Markets, University of Wisconsin Alumni Conference in Asia, Peking University, 2018
  • Southern Economic Association Conference, University of Wisconsin-Madison, Southern University of Science and Technology, 2017
  • Fudan University, Conference on International Finance, Midwest Macro Meeting, Academia Sinica, The 4th Scholar Forum in International Finance, 2016
  • Econometric Society World Congress, University of International Business and Economics, Workshop on International Economics at Fudan University, Eastern Economic Association Conference, 2015
  • University of Winnipeg, Fudan University, Peking University, Tsinghua Macro Conference, Midwest International Trade Meeting, 2014
  • Midwest Macro Meeting, Shanghai University of Finance and Economics, Asian Pacific Trade Seminars, 2013
  • Midwest International Trade Meetings, University of North Dakota, 2012
  • Midwest Economic Association Annual Meeting, Eastern Economics Association Annual Meeting, Bank of Canada, 2011
  • Midwest Economic Association Annual Meeting, Wisconsin–Madison, Midwest Economic Theory and Trade Meetings, 2010
  • Wisconsin–Madison, Wisconsin–Whitewater, 2009

Teaching material