Associate Professor

School of Economics

Singapore Management University

90 Stamford Road, #05-042

Singapore 178903


Tel:         (65) 6828-0830

Fax:        (65) 6828-0833


Description: Description: Description: Description: Description: Description: pao_crop_smudge 




Ph.D., Economics, University of Michigan, 2002.

A.M., Economics, University of Michigan, 1997.

A.B., Business Administration, National Taiwan University, 1994.


Bio: Pao-Li is an Associate Professor at the School of Economics, Singapore Management University, with research interests in international trade and applied econometrics. She is a Taiwanese, married to a Japanese with three daughters.



Journal Articles

1.      “Trade and Divergence in Education Systems,” International Economic Review, November 2014, 55(4): 1251–1280. With Fali Huang (SMU).

Article  Technical Appendix

2.      “Risk and the Technology Content of FDI: A Dynamic Model,” Journal of International Economics, March 2012, 86(2): 306–317. With Chia-Hui Lu (City University of Hong Kong).

Article  Working paper version

3.      “The WTO Trade Effect,” Journal of International Economics, September 2011, 85(1): 5371. With Myoung-Jae Lee (Korea University).

Article  Data & Programs  Working paper version

4.      “Estimation of Impulse Response Functions Using Long Autoregression,” Econometrics Journal, July 2007, 10(2): 453–469. With Shinichi Sakata (University of British Columbia).


5.       “Avoiding Arbitrary Exclusion Restrictions Using Ratios of Reduced-Form Estimates,” Empirical Economics, 2007, 33: 339–357. With Myoung-Jae Lee (Korea University).


6.      “L S Penrose's limit theorem: Tests by simulation,” Mathematical Social Sciences, January 2006, 51(1): 90–106. With Vincent C.H. Chua (SMU) and Moshé Machover (LSE).


7.      “Protection for sale under monopolistic competition,” Journal of International Economics, July 2005, 66(2): 509–526.


8.      “How accurate are confidence intervals for impulse responses in large VAR models?” Economics Letters, December 2000, 69(3): 299–307. With Lutz Kilian (University of Michigan).



Working Papers (contact me for the latest version)

1.      “Institutional Complementarity across Countries in Bilateral FDI Flows: Theory and Evidence,” Dec 2015. An old version is titled, Complementarity in Institutional Quality in Bilateral FDI Flows,” and circulated in Oct 2014 under SMU Economics & Statistics Working Paper Series No. 20-2014.


1.      “Country Image and International Trade,” with Tomoki Fujii (SMU), Aug 2014. An old version is circulated in July 2012 under SMU Economics & Statistics Working Paper Series No. 29-2012.



Work in Progress

1.      The WTO Welfare Effect,” with Wei Jin (SMU PhD student).

2.      “Entrepreneurship, Education System, and Trade Pattern,” with Fali Huang (SMU).

3.       “Protection for Sale with Heterogeneous Interests within Industries,” with Gerald Willmann (Katholieke Universiteit Leuven).

4.      “The Missing Middle in Product Quality Distribution.”

5.      “Information, Consumer Learning about Quality, and Trade,” with Hyojung Lee (SMU).


Latest update 1/23/2016