Associate Professor Sang-Wook (Stanley) Cho

My Expertise

international economics, wage/income distribution, housing in macroeconomy, COVID and macroeconomy, free trade agreement.

Keywords

Fields of Research (FoR)

Applied economics, Economic theory, Macroeconomics (incl. monetary and fiscal theory), International economics

SEO tags

Macroeconomics

International Trade

Health Policy Economic Outcomes

Macro Labour Market Issues

Biography

I am an Associate Professor at the University of New South Wales, in Sydney, Australia. Currently, I am the Deputy Head of School in Education (Director of Education). I received my Ph.D. in Economics from the University of Minnesota in 2006.

Research Interests:

Macroeconomics of savings and consumption
Macroeconomics of inequality
Public economics
Causal effect of trade agreements
International economics/trade
Macroeconomics of...view more

Research Interests:

Macroeconomics of savings and consumption
Macroeconomics of inequality
Public economics
Causal effect of trade agreements
International economics/trade
Macroeconomics of Covid-19

Personal Website: https://sites.google.com/view/stanleychounsw/home

Business School Profile: https://www.unsw.edu.au/staff/sang-wook--stanley--cho

My Grants

NHMRC Grant Associate Investigator, Stronger Investments for Infectious Diseases (STRIDE), 2023 ($2,500,000)
Health@Business UNSW Grant, 2020 ($3,500)
International Research Collaboration Award, 2019 ($6,000)
Funding for UNSW-SKKU Joint Workshop, 2018 ($4,500)
ARC Application Incentive Funding, UNSW, 2013 ($2,000), 2016 ($4,000), 2017 ($2,000)
School of Economics Booster Grant, UNSW, 2017 ($5,000)
ASBRG Grant, UNSW, 2008 ($15,102), 2009 ($11,000), 2014 ($19,244)
Contestable Funding for International Strategic Projects, UNSW, 2012 ($30,000)
Non-professorial Research Achievement Award, UNSW, 2011 ($2,000)
Korean Studies Grant, 2011 (US$10,500)
Asian Econometric Society Travel Grant, 2011 (US$600)
International Research Collaboration Grant, UNSW, 2009 ($15,000)
SRG Grant, UNSW, 2008 ($10,000), 2009 ($7,000), 2011 ($5,000)
KEA/KAEA Travel Grant, 2008 (US$1,500)
ECR Grant, UNSW, 2007 ($10,000)
CAER Grant, School of Economics, UNSW, 2006 ($8,000)
Distinguished Instructor, University of Minnesota (2003-2006)
Japan-IMF Scholarship for Advanced Studies, 2000-2002
The Korea Foundation for Advanced Studies, 1993-1996

My Qualifications

University of Minnesota, Ph.D. in Economics, 2006.

University of Minnesota, M.A. in Economics (Mathematics minor), 2003.

Seoul National University, B.A. in International Economics, 1996.

My Awards

NHMRC CRE Grant for STRIDE, 2023 (Associate investigator, $2,500,000)
International Research Collaboration Award, 2019 ($6,000)
Non-professorial Research Achievement Award, UNSW, 2011 ($2,000)
Distinguished Instructor, University of Minnesota (2003-2006)
Japan-IMF Scholarship for Advanced Studies, 2000-2002
The Korea Foundation for Advanced Studies, 1993-1996

My Research Activities

For the latest update please visit: https://sites.google.com/view/stanleychoresearch/home

- Journal Articles:

Unlocking the Impact of US Free Trade Agreements on Industries with a Synthetic Control Approach. (with Hansoo Choi), Canadian Journal of Economics (forthcoming).
The Decline in Capital-Skill Complementarity, (with Gonzalo Castex and Evgenia Dechter), Journal of Economic Dynamics and Control, 138, 2022, article 104363.
The Causal Effect of FTA on the Trade Margins – Product-Level Evidence from Geographically Distant Partners, (with Hansoo Choi and Julian P. Diaz), Southern Economic Journal, 88(4), 2022, pp1453-1489.
Quantifying the Impact of Non-pharmaceutical Interventions during the COVID-19 Outbreak: The Case of Sweden, The Econometrics Journal, 23(3), pp 323-344, 2020. (Editor's Choice article)
Skill Premium Divergence: The Roles of Trade, Capital and Demographics (with Julián Díaz), Economic Theory, 67(1), pp 249-283, 2019.
Do Free Trade Agreements Increase The New Goods Margin? Evidence from Korea (with Hansoo Choi and Julián Díaz), Open Economies Review, 29(5), pp 1095-1122, 2018.
The Dynamics of Trade Margins: Evidence from the European Integration (with Julián Díaz), Economics Letters, 167, pp 90-96, 2018.
The New Goods Margin in New Markets (with Julián Díaz), Journal of Comparative Economics, 46(1), pp 78-93, 2018.
Accounting for Skill Premium Patterns: Evidence from the EU Accession (with Julián Díaz), Southern Economic Journal, 81(1), pp 271-299, 2016.
Evaluating Sectoral Impact of Australia-India Free Trade Agreement (with Kang-Hyun Yoon), Journal of Asia Pacific Economy, 19(2), pp 205-229, 2014.
Means-tested Age Pension and Homeownership: Is There a Link? (with Renuka Sane), Macroeconomic Dynamics, 17(6), pp 1281-1310, 2013.
Trade Integration and the Skill Premium: Evidence from a Transition Economy (with Julián Díaz), Journal of Comparative Economics, 41(2), pp 601-620, 2013.
Accounting for Lifecycle Wealth Accumulation: The Role of Housing Institution, Macroeconomic Dynamics, 16(4), pp 497-517, 2012.
Tax Treatment of Owner Occupied Housing and Wealth Inequality (with Johanna Francis), Journal of Macroeconomics, 33(1), pp 42-60, 2011.
Welfare Impact of Trade Liberalization (with Julián Díaz), Economic Inquiry, 49(2), pp 379-397, 2011.
Household Wealth Accumulation and Portfolio Choices in Korea, Journal of Housing Economics, 19(1), pp 13-25, 2010.
Trade Liberalizations in Latin America and Eastern Europe: The Cases of Ecuador and Slovenia (with Julián Díaz), Journal of Economic Integration, 23(4), 2008.

- Working papers/ Other publications / Projects

Better Out Than In? Regional disparity and heterogeneous income effects of the euro (with Sally Wong), CAMA Working Paper 88/2021. (Presented at CEF 2021, AMES 2021, ESAM 2021, ECINEQ 2021)
Unlocking the Impact of US Free Trade Agreements on Industries with a Synthetic Control Approach. (with Hansoo Choi) (Presented at SAET 2021, KIEA 2022. WEAI 2023) (Revision submitted)
Market concentration and the decline in capital-skill complementarity (with Gonzalo Castex and Evgenia Dechter).
Government Spending Multipliers with Instruments (with Arpita Chatterjee and Jay Lee).
Quantifying the Impact of Non-pharmaceutical Interventions (NPI) during the COVID-19 Outbreak -- The Case of Sweden, COVID Economics: Vetted and Real-time Papers, Issue 35, pp70-95, 7 July 2020. [Note: This is an earlier article version with the same title.]
Beggar-thy-parents? A Lifecycle Model of Intergenerational Altruism, UNSW Australian School of Business Research Paper No. 2008-15.
Social Impact of a Tax Reform: The Case of Ethiopia (with Sònia Muñoz) International Monetary Fund Working Paper 03-232, 2003.

- Book chapters

Social Impact of a Tax Reform: The Case of Ethiopia (with Sònia Muñoz), Chapter 13 in "Helping Countries Develop: The Role of Fiscal Policy," edited by Sanjeev Gupta, Benedict J. Clements, and Gabriela Inchauste, International Monetary Fund, 2004

- Media

What a doppelganger Sweden teaches us about their COVID-19 strategy, UNSW Newsroom, October 2020.
Banks prepare for COVID-19 hit and `double-digit' property downturn, Nine News, Australia, March 2020.
"New Goods" trade in the Baltics, Free Network Policy Briefs, May 2017.
What can we learn from Korean free trade deals? Business Think UNSW, May 2016.

My Research Supervision

Areas of supervision

PhD Supervision (Year of completion, placement): Asgerdur Petursdottir (2014, University of Bath), Megan Gu (2016, UTS).

Honours Supervision (Year, placement): Selwynn Syquia (2007, CommUSA), Gordon Yoon (2009, Macroplan), Kristine Patricio (2011, Ernst & Young), Luka Raznatovic (2015, BIS Oxford), Aidan Wood (2016, ANU), Atharva Karandikar (2018, Accenture), Sally Wong (2020, RBA), John Xue (2020, FDM Group), Chuan Jiang (2021, University medal awardee, Brattle Consulting), Joshua Spiller (2022, University medal awardee, RBA).

Currently supervising

PhD Supervision (Year of completion, placement): Asgerdur Petursdottir (2014, University of Bath), Megan Gu (2016, UTS).

My Engagement

• Thai-EU trade deal may mean cheaper Aussie imports, Central News, February 2025.
• What a doppelganger Sweden teaches us about their COVID-19 strategy, Business Think UNSW, October 2020.
• Banks prepare for COVID-19 hit and ‘double-digit’ property downturn, Nine News, Australia, March 2020.
• “New Goods” trade in the Baltics, Free Network Policy Briefs, May 2017.
• What can we learn from Korean free trade deals? Business Think UNSW, May 2016.

My Teaching

University of New South Wales (2007-)
❑ Macroeconomic Analysis (PhD)
❑ Advanced Macroeconomic Analysis (PhD)
❑ Macroeconomic Analysis (Honours)
❑ Honours Thesis Seminar (Honours)
❑ International Macroeconomics (Undergraduate, Postgraduate)
❑ Macroeconomics 1, 2 (Undergraduate)
❑ Economic Analysis (Undergraduate)
❑ Introductory Statistics (Postgraduate)

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