Skip to main content
Official Logo of Columbia Business School
Academics
  • Visit Academics
  • Degree Programs
  • Admissions
  • Tuition & Financial Aid
  • Campus Life
  • Career Management
Faculty & Research
  • Visit Faculty & Research
  • Academic Divisions
  • Search the Directory
  • Research
  • Faculty Resources
  • Teaching Excellence
Executive Education
  • Visit Executive Education
  • For Organizations
  • For Individuals
  • Program Finder
  • Online Programs
  • Certificates
About Us
  • Visit About Us
  • CBS Directory
  • Events Calendar
  • Leadership
  • Our History
  • The CBS Experience
  • Newsroom
Alumni
  • Visit Alumni
  • Update Your Information
  • Lifetime Network
  • Alumni Benefits
  • Alumni Career Management
  • Women's Circle
  • Alumni Clubs
Insights
  • Visit Insights
  • Digital Future
  • Climate
  • Business & Society
  • Entrepreneurship
  • 21st Century Finance
  • Magazine

Breadcrumb

  1. Directory
  2. Faculty
  3. Shang-Jin Wei

Shang-Jin Wei

N.T. Wang Professor of Chinese Business and Economy
Economics Division
Shang-Jin Wei
Areas of Expertise
Globalization, Macroeconomics
Contact
Office: 552 Kravis
Phone: (212) 8549139
E-mail: [email protected]
Links
Personal Website
Curriculum Vitae

Dr. Shang-Jin Wei is N.T. Wang Professor of Chinese Business and Economy and Professor of Finance and Economics at Columbia University’s Graduate School of Business and School of International and Public Affairs.

During 2014-2016, Dr. Wei served as Chief Economist of Asian Development Bank and Director General of its Economic Research and Regional Cooperation Department. He was ADB’s chief spokesperson on economic trends and economic development in Asia, advised ADB’s President on economic development issues, led the bank’s analytical support for regional cooperation fora including ASEAN+3 (China, Japan, and Korea) and APEC, growth strategy diagnostics for developing member countries, as well as research on macroeconomic, financial, labor market, and globalization issues.

Prior to his Columbia appointment in 2007, he was Assistant Director and Chief of Trade and Investment Division at the International Monetary Fund. He was the IMF’s Chief of Mission to Myanmar (Burma) in 2004. He previously held the positions of Associate Professor of Public Policy at Harvard University, the New Century Chair in Trade and International Economics at the Brookings Institution, and Advisor at the World Bank. 

He has been a consultant to numerous government organizations including the U.S. Board of Governors of the Federal Reserve System, United Nations Economic Commission on Europe, and United Nations Development Program, the Asian Development Bank, and to private companies such as PricewaterhouseCoopers. He holds a PhD in economics and M.S. in finance from the University of California, Berkeley.

Dr. Wei is a noted scholar on international finance, trade, macroeconomics, and China. He is a recipient of the Sun Yefang Prize for Distinguished Contributions to Economics (for the invention of the Competitive Saving Motive published in Journal of Political Economy), the Zhang Peifang Prize for Contributions to Economics of Development (for pioneering work on measurement of global value chains published in American Economic Review), and the Gregory Chow Award for Best Research Paper; some of his research was supported by a grant from the U.S. National Science Foundation.

Dr. Wei’s research has been published in top academic journals including American Economic Review, Journal of Political Economy, Quarterly Journal of Economics, Journal of Finance, Review of Financial Studies, Journal of International Economics, and Journal of Development Economics, and reported in popular media including Financial Times, Wall Street Journal, Economist, Business Week, Times, US News and World Report, Chicago Tribune, South China Morning Post, and other international news media. 

Education
PhD, University of California, Berkeley
Joined CBS
2007

All Activities

  • Research
  • Teaching
  • Awards and Honors
  • Press
  • CaseWorks
  • Journal articles
  • Working papers
  • Articles
  • Books
  • Chapters
Journal Article
Koopman, Robert, Zhi Wang, and Shang-Jin Wei
. “Tracing Value-added and Double Counting in Gross Exports.”
American Economic Review
vol.
104
, (January 01, 2014):
459
-
494
.
Explore Further about Tracing Value-added and Double Counting in Gross Exports
Download PDF on Tracing Value-added and Double Counting in Gross Exports
Journal Article
Chinn, Menzie and Shang-Jin Wei
. “A Faith-Based Initiative Meets the Evidence: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?”
Review of Economics and Statistics
vol.
95
, (March 01, 2013):
168
-
184
.
Explore Further about A Faith-Based Initiative Meets the Evidence: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?
Download PDF on A Faith-Based Initiative Meets the Evidence: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?
Journal Article
Khandelwal, Amit, Peter Schott, and Shang-Jin Wei
. “Trade Liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters.”
American Economic Review
vol.
103
, (January 01, 2013):
2169
-
2195
.
Explore Further about Trade Liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters
Download PDF on Trade Liberalization and Embedded Institutional Reform: Evidence from Chinese Exporters
Journal Article
Du, Qingyuan and Shang-Jin Wei
. “A Theory of the Competitive Saving Motive.”
Journal of International Economics
vol.
91
, (January 01, 2013):
275
-
289
.
Explore Further about A Theory of the Competitive Saving Motive
Journal Article
Koopman, Robert, Zhi Wang, and Shang-Jin Wei
. “Estimating Domestic Content in Exports When Processing Trade Is Pervasive.”
Journal of Development Economics
vol.
99
, (September 01, 2012):
178
-
189
.
Explore Further about Estimating Domestic Content in Exports When Processing Trade Is Pervasive
Journal Article
Claessens, Stijn, Hui Tong, and Shang-Jin Wei
. “From the financial crisis to the real economy: Using firm-level data to identify transmission channels.”
Journal of International Economics
vol.
88
, (January 01, 2012):
375
-
387
.
Explore Further about From the financial crisis to the real economy: Using firm-level data to identify transmission channels
Journal Article
Wei, Shang-Jin and Xiaobo Zhang
. “The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China.”
Journal of Political Economy
vol.
119
, (June 01, 2011):
511
-
564
.
Explore Further about The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China
Download PDF on The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China
Journal Article
Wei, Shang-Jin and Hui Tong
. “The Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis.”
Review of Financial Studies
vol.
24
, (January 01, 2011):
2023
-
2052
.
Explore Further about The Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis
Download PDF on The Composition Matters: Capital Inflows and Liquidity Crunch During a Global Economic Crisis
Journal Article
Frankel, Jeffrey, David Parsley, and Shang-Jin Wei
. “Slow Pass-through Around the World: A New Import for Developing Countries?”
Open Economies Review
vol.
23
, (January 01, 2011):
213
-
251
.
Explore Further about Slow Pass-through Around the World: A New Import for Developing Countries?
Journal Article
Ahn, Janet, Amit Khandelwal , and Shang-Jin Wei
. “The Role of Intermediaries in Facilitating Trade.”
Journal of International Economics
vol.
84
, (January 01, 2011):
73
-
85
.
Explore Further about The Role of Intermediaries in Facilitating Trade
Download PDF on The Role of Intermediaries in Facilitating Trade
Journal Article
Ju, Jiandong and Shang-Jin Wei
. “When Is Quality of Financial System a Source of Comparative Advantage?”
Journal of International Economics
vol.
84
, (January 01, 2011):
178
-
187
.
Explore Further about When Is Quality of Financial System a Source of Comparative Advantage?
Journal Article
Kim, Woochan, Taeyoon Sung, and Shang-Jin Wei
. “Does Corporate Governance Risk at Home Affect Investment Choices Abroad?”
Journal of International Economics
vol.
85
, (January 01, 2011):
25
-
41
.
Explore Further about Does Corporate Governance Risk at Home Affect Investment Choices Abroad?
Journal Article
Wei, Shang-Jin and Jiandong Ju
. “Domestic Institutions and the Bypass Effect of Financial Globalization.”
American Economic Journal: Economic Policy
vol.
2
, (November 01, 2010):
173
-
204
.
Explore Further about Domestic Institutions and the Bypass Effect of Financial Globalization
Download PDF on Domestic Institutions and the Bypass Effect of Financial Globalization
Journal Article
Wei, Shang-Jin and Zhiwi Zhang
. “Do External Interventions Work? The Case of Trade Reform Conditions in IMF Supported Programs.”
Journal of Development Economics
vol.
92
, (May 01, 2010):
71
-
81
.
Explore Further about Do External Interventions Work? The Case of Trade Reform Conditions in IMF Supported Programs
Journal Article
Tang, Man-Keung and Shang-Jin Wei
. “The Value of Making Commitments Externally: Evidence from WTO Accessions.”
Journal of International Economics
vol.
78
, (July 01, 2009):
216
-
229
.
Explore Further about The Value of Making Commitments Externally: Evidence from WTO Accessions
Download PDF on The Value of Making Commitments Externally: Evidence from WTO Accessions
Journal Article
Fisman, Raymond and Shang-Jin Wei
. “The Smuggling of Art, and the Art of Smuggling: Uncovering the Illicit Trade in Cultural Property and Antiques.”
American Economic Journal: Applied Economics
vol.
1
, (July 01, 2009):
82
-
96
.
Explore Further about The Smuggling of Art, and the Art of Smuggling: Uncovering the Illicit Trade in Cultural Property and Antiques
Download PDF on The Smuggling of Art, and the Art of Smuggling: Uncovering the Illicit Trade in Cultural Property and Antiques
Journal Article
Javorcik, Beata and Shang-Jin Wei
. “Corruption and Cross-Border Investment in Emerging Markets: Firm-Level Evidence.”
Journal of International Money and Finance
vol.
28
, (January 01, 2009):
605
-
624
.
Explore Further about Corruption and Cross-Border Investment in Emerging Markets: Firm-Level Evidence
Download PDF on Corruption and Cross-Border Investment in Emerging Markets: Firm-Level Evidence
Journal Article
Kose, M. Ayhan, Eswar Prasad, Kenneth Rogoff, and Shang-Jin Wei
. “Financial Globalization: A Reappraisal.”
IMF Staff Papers
vol.
56
, (January 01, 2009):
8
-
62
.
Explore Further about Financial Globalization: A Reappraisal
Download PDF on Financial Globalization: A Reappraisal
Journal Article
Fisman, Raymond, Peter Moustakerski, and Shang-Jin Wei
. “Outsourcing Tariff Evasion: A New Explanation for Entrepôt Trade.”
The Review of Economics and Statistics
vol.
90
, (August 01, 2008):
587
-
592
.
Explore Further about Outsourcing Tariff Evasion: A New Explanation for Entrepôt Trade
Download PDF on Outsourcing Tariff Evasion: A New Explanation for Entrepôt Trade
Journal Article
Frankel, Jeffrey and Shang-Jin Wei
. “Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights.”
IMF Staff Papers
vol.
55
, (July 01, 2008):
384
-
416
.
Explore Further about Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights
Download PDF on Estimation of De Facto Exchange Rate Regimes: Synthesis of the Techniques for Inferring Flexibility and Basket Weights
Journal Article
Parsley, David and Shang-Jin Wei
. “In Search of a Euro Effect: Big Lessons from a Big Mac Meal?”
Journal of International Money and Finance
vol.
27
, (March 01, 2008):
260
-
276
.
Explore Further about In Search of a Euro Effect: Big Lessons from a Big Mac Meal?
Download PDF on In Search of a Euro Effect: Big Lessons from a Big Mac Meal?
Journal Article
Parsley, David and Shang-Jin Wei
. “A Prism into the PPP Puzzles: The Microfoundations of Big Mac Real Exchange Rates.”
The Economic Journal
vol.
117
, (October 01, 2007):
1336
-
1356
.
Explore Further about A Prism into the PPP Puzzles: The Microfoundations of Big Mac Real Exchange Rates
Download PDF on A Prism into the PPP Puzzles: The Microfoundations of Big Mac Real Exchange Rates
Journal Article
Frankel, Jeffrey and Shang-Jin Wei
. “Assessing China's Exchange Rate Regime.”
Economic Policy
vol.
22
, (October 01, 2007):
575
-
627
.
Explore Further about Assessing China's Exchange Rate Regime
Journal Article
Wei, Shang-Jin and Zhiwi Zhang
. “Collateral Damage: Capital Controls and International Trade.”
Journal of International Money and Finance
vol.
26
, (September 01, 2007):
841
-
863
.
Explore Further about Collateral Damage: Capital Controls and International Trade
Download PDF on Collateral Damage: Capital Controls and International Trade
Journal Article
Subramanian, Arvind and Shang-Jin Wei
. “The WTO Promotes Trade, Strongly but Unevenly.”
Journal of International Economics
vol.
72
, (May 01, 2007):
151
-
175
.
Explore Further about The WTO Promotes Trade, Strongly but Unevenly
Download PDF on The WTO Promotes Trade, Strongly but Unevenly
Journal Article
Huang, Haizhou and Shang-Jin Wei
. “Monetary Policies for Developing Countries: The Role of Institutional Quality.”
Journal of International Economics
vol.
70
, (September 01, 2006):
239
-
252
.
Explore Further about Monetary Policies for Developing Countries: The Role of Institutional Quality
Download PDF on Monetary Policies for Developing Countries: The Role of Institutional Quality
Journal Article
Wei, Shang-Jin
. “Connecting two views on financial globalization: Can we make further progress?”
Journal of the Japanese and International Economies
vol.
20
, (January 01, 2006):
459
-
481
.
Explore Further about Connecting two views on financial globalization: Can we make further progress?
Download PDF on Connecting two views on financial globalization: Can we make further progress?
Journal Article
Amiti, Mary and Shang-Jin Wei
. “Fear of Service Outsourcing: Is It Justified?”
Economic Policy
vol.
20
, (April 01, 2005):
307
-
347
.
Explore Further about Fear of Service Outsourcing: Is It Justified?
Journal Article
Gelos, R. Gaston and Shang-Jin Wei
. “Transparency and International Portfolio Holdings.”
The Journal of Finance
vol.
60
, (December 01, 2004):
2987
-
3020
.
Explore Further about Transparency and International Portfolio Holdings
Journal Article
Wei, Shang-Jin
. “Tax Rates and Tax Evasion: Evidence from 'Missing Imports' in China.”
Journal of Political Economy
vol.
112
, (January 01, 2004):
471
-
96
.
Explore Further about Tax Rates and Tax Evasion: Evidence from 'Missing Imports' in China
Download PDF on Tax Rates and Tax Evasion: Evidence from 'Missing Imports' in China
Working Paper
Khandelwal, Amit, Peter Schott, and Shang-Jin Wei
. Trade Liberalization When Institutions Misallocate Resources: Evidence from Chinese Textile Exporters. January 26, 2011.
Explore Further about Trade Liberalization When Institutions Misallocate Resources: Evidence from Chinese Textile Exporters
Working Paper
Ju, Jiandong and Shang-Jin Wei
. Current Account Adjustment: Some New Theory and Evidence. September 01, 2007.
Explore Further about Current Account Adjustment: Some New Theory and Evidence
Working Paper
Moustakerski, Peter and Shang-Jin Wei
. Offshoring Tariff Evasion: Evidence from Hong Kong as as Entrepôt Trader. January 01, 2005.
Explore Further about Offshoring Tariff Evasion: Evidence from Hong Kong as as Entrepôt Trader
Download PDF on Offshoring Tariff Evasion: Evidence from Hong Kong as as Entrepôt Trader
Newspaper/Magazine Article
Wagner, Gernot and Shang-Jin Wei
. “The Right Response to China’s Electric-Vehicle Subsidies.”
Project Syndicate
. April 05, 2024.
Explore Further about The Right Response to China’s Electric-Vehicle Subsidies
Newspaper/Magazine Article
Wei, Shang-Jin
. “The Mystery of Chinese Savings.”
<a href="http://www.voxeu.org/index.php?q=node/4568">VoxEU.com</a>
. February 06, 2010.
Explore Further about The Mystery of Chinese Savings
Newspaper/Magazine Article
Wei, Shang-Jin
. “Why Do the Chinese Save So Much?”
Forbes.com
. February 02, 2010.
Explore Further about Why Do the Chinese Save So Much?
Book
Wei, Shang-Jin and Robert Feenstra
. China's Growing Role in World Trade. 
Chicago, IL
:
University of Chicago Press
, 2010.
Explore Further about China's Growing Role in World Trade
  • Courses
  • Case Studies
Course
B7365: Navigating China
View Course on Navigating China
Course
B7756: International Seminar: Shanghai
View Course on International Seminar: Shanghai
Course
B8365: Navigating China
View Course on Navigating China
Course
B8250: Macroeconomic Policy
View Course on Macroeconomic Policy
Case Study
Zhigang, Tao, Shang-Jin Wei , and Penelope Chan
. Negotiation in China: How Universal? 
Cambridge, MA
:
Harvard Business Review
, 2010.
Explore Further about Negotiation in China: How Universal?
  • Awards & Honors
  • In the Media
  • Articles
In the Media

How Might China Manage Trump’s Tariff War

Free Malaysia Today
In the Media

Which Country Has Leverage in US-China Trade War? Experts Weigh In

ABC News
In the Media

Why Will U.S. Tariffs Hurt All Economies Including That of the U.S.?

CGTN
In the Media

Trump Tariff Rollout Opens New Era of Risk for Global Economy

Bloomberg
In the Media

How to Counter Trump's Tariffs Productively?

Project Syndicate
In the Media

A Fiscally Low-Cost Solution to China’s Economic Challenges

Project Syndicate
In the Media

China's Stimulus Could Be a Boon

Bangkok Post
In the Media

The Fight over China’s Electric Cars Is Upside-Down

Foreign Policy
In the Media

The Global Implications of EU Tariffs on Chinese EVs

BF&T Online
In the Media

The Right Response to China’s Electric-Vehicle Subsidies

Columbia Business School
In the Media

The Right Response to China’s Electric-Vehicle Subsidies

Project Syndicate
In the Media

How Can the World’s Growth Engine Do Better?

Project Syndicate
In the Media

Estimating Chinese Corruption

The Financial Times
In the Media

Containing the Collateral Damage of America’s China Policy

Project Syndicate
In the Media

A Reality Check for the Renminbi

Project Syndicate
In the Media

China's Economic Growth Slows to 0.4%, Weakest in Two Years

The Washington Post
In the Media

Another Chinese City Has Overtaken New York for Number of Billionaires

NBC News
In the Media

Will China Hit Its Growth Target?

Project Syndicate
In the Media

How to Inflation-Proof Your Retirement as Prices Continue to Rise

Money
In the Media

How the Delisting of Chinese Firms on American Exchanges Might Play Out

The Economist
In the Media

NYSE's Second-Guessing on China Delistings Sows Confusion

Bloomberg News
In the Media

The U.S. May Lose in Trump's TikTok War

Project Syndicate
In the Media

In Effort to Stop Faulty Goods, China Asks Importers to Ensure PPE Meets Standards

Forbes
In the Media

China's Historic Slump to Lay Bare the Scale of the Task Ahead

Bloomberg News
In the Media

Beating COVID-19 and the Economic Pandemic

Project Syndicate
In the Media

Opinion: Three Reasons Coronavirus Won't Derail China's Economy

MarketWatch
In the Media

Will the Coronavirus Cause a Major Growth Slowdown in China?

Project Syndicate
In the Media

A Delicate Truce in the U.S.-Chinese Trade War

Foreign Affairs
In the Media

A Fair Assessment of China's IP Protection

Project Syndicate
In the Media

How to Revive the WTO

Project Syndicate
In the Media

Has the Trade War Taken a Bite out of China's Economy? Yes - but It's Complicated

National Public Radio
In the Media

Married to the Mortgage

The Economist
Article

Bizcast: How Trump’s Tariffs Could Backfire on American Households and the Economy

Read More about Bizcast: How Trump’s Tariffs Could Backfire on American Households and the Economy
Article

Trump’s Tariffs: How Protectionism Could Backfire on Households and Businesses

Read More about Trump’s Tariffs: How Protectionism Could Backfire on Households and Businesses
Article

How to Counter Trump’s Tariffs Productively

Read More about How to Counter Trump’s Tariffs Productively
Article

Fintech as a Liberator: How Fintech Has Helped Ending Financial Repression in China and its Implications for other Developing Countries

Read More about Fintech as a Liberator: How Fintech Has Helped Ending Financial Repression in China and its Implications for other Developing Countries
Article

Sex and the Chinese Economy

Read More about Sex and the Chinese Economy
Article

How to Make Climate Pledges Stick

Read More about How to Make Climate Pledges Stick
Article

Three Global Steps to a Biden Climate Initiative

Read More about Three Global Steps to a Biden Climate Initiative
Article

There Is a Better Way to Regulate Chinese Social Media Apps

Read More about There Is a Better Way to Regulate Chinese Social Media Apps
Article

Using Digital Technology to Narrow the Opportunity Gap

Read More about Using Digital Technology to Narrow the Opportunity Gap
Article

Did China’s One-Child Policy Lead to an Inflated Housing Market? New Research from Columbia Business Argues Yes

Read More about Did China’s One-Child Policy Lead to an Inflated Housing Market? New Research from Columbia Business Argues Yes
Article

Faculty: Eurozone Crisis Brings Risks — and Opportunities

Read More about Faculty: Eurozone Crisis Brings Risks — and Opportunities
Article

Columbia Business School Publishes the First Empirical Study to Reveal How Intermediary Firms Expand International Trade

Read More about Columbia Business School Publishes the First Empirical Study to Reveal How Intermediary Firms Expand International Trade
  • CaseWorks
Case ID
200301

US-China Economic Relations: Which Path to Take?

How should the United States respond to mounting tension over its trade relations with China?

View Case on US-China Economic Relations: Which Path to Take?
Case ID
90316

Foxconn versus BYD (B): Strategic Approach to Intellectual Property Management in Emerging Markets

View Case on Foxconn versus BYD (B): Strategic Approach to Intellectual Property Management in Emerging Markets
Case ID
100310

Negotiation in China: How Universal?

As a US entertainment company seeks to build a theme park in China, what negotiating skills may help the two sides reach an agreement?

View Case on Negotiation in China: How Universal?
Case ID
100303

Viagra in China: A Prolonged Battle over Intellectual Property Rights

How should Pfizer contend with trademark litigation and counterfeits in the world's biggest market?

View Case on Viagra in China: A Prolonged Battle over Intellectual Property Rights
Case ID
90316

Foxconn versus BYD (A): Commercial Espionage or Learning by Hiring?

How should a Chinese company respond when it suspects a rival is stealing trade secrets?

View Case on Foxconn versus BYD (A): Commercial Espionage or Learning by Hiring?

External CSS

Official Logo of Columbia Business School

Columbia University in the City of New York
665 West 130th Street, New York, NY 10027
Tel. 212-854-1100

Maps and Directions
    • Centers & Programs
    • Current Students
    • Corporate
    • Directory
    • Support Us
    • Recruiters & Partners
    • Faculty & Staff
    • Newsroom
    • Careers
    • Contact Us
    • Accessibility
    • Privacy & Policy Statements
Back to Top Upward arrow
TOP

© Columbia University

  • X
  • Instagram
  • Facebook
  • YouTube
  • LinkedIn