Macao Economy

Inácio Bó is an Associate Professor of Economics in Social Sciences at the University of Macau. He received his PhD in economics from Boston College. He obtained his master degrees in economics and electric engineering at the Boston College and University of São Paulo, respectively. Inácio Bó’s research interests include Market Design, Matching Theory, and Experimental Economics. His publications have appeared in leading international journals such as the American Economic Journal: Microeconomics, The Economic Journal, Management Science, Games and Economic Behavior, Social Choice and Welfare, Journal of Economic Behavior and Organization and so on.

Chun Kwok LEI, Henry is an Associate Professor of business economics at Faculty of Business Administration, University of Macau. He received his PhD in economics from the Middlesex University, London, the United Kingdom. His research interests includes economic integration, income inequality and convergence, international finance, Macau economy and tourism economics, with publications in International Journal of Finance and Economics, Industrial Marketing Management, Journal of International Money and Finance, Journal of Sustainable Tourism, etc. Besides, he is the vice-chairman in the Commission for the Evaluation of the Remuneration of Civil Servant of the Public Administration and Civil Service Bureau (SAFP) of Macau SAR Government from 2020 until now, the standby member in the Advisory Committee of the Statistics and Census Service of the Macau SAR Government from 2023 until now, and the vice-chairman of the executive board of the Macau Economic Association from 2016 until now. He has been actively involving in surveys and consultancy projects on various economics and social issues of Macau.

Fung Kwan’s research centers on the labour market, agriculture, productivity & efficiency, and growth.  He was a visiting fellow at Clare Hall, Cambridge UK and Brandeis University US.  He is an advisor of the Economic Development Committee of the Macao SAR Government.  His current research projects on Macao include the ongoing “A Macroeconometric Model for Macao”, presenting annual economic forecasts of the local economy; the “Greater Bay of Guangdong, Hong Kong and Macao – Economic Diversification, Progress, and Convergence”, offering an index to measure the economic progress of GBA; and the 《針對低薪行業進行有關薪酬階梯連鎖反應的研究》, a local government commissioned consultancy project on the linkage effect of wage ladders in the low-pay industries.  On China, he is working on land and migration decision, efficiency of hog production, and China’s growth decomposition.  Selected publications include “Surplus Agricultural Labour and Its Implications to China’s Lewis Turning Point” China Economic Review 48:244-257, and “Labour Reallocation, Productivity Growth and Dualism in China” International Review of Economics and Finance 57: 198-210.  Fung’s research covers various economic issues of the mainland China, the Greater Bay Area, and Macao, the most dynamic regions in Asia in the 21^st century.