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Full-time Professors
  • Yong WANG
  • Academic Deputy Dean, Director of Domestic Development Cooperation Department, Associate Professor and Ph.D. advisor


Yong Wang is currently an Associate Professor of Economics, Academic Deputy Dean and Director of Domestic Development Cooperation Department of the Institute of New Structural Economics at Peking University. Before joining PKU, he worked at the Department of Economics at Hong Kong University of Science and Technology (HKUST) and the World Bank. Yong obtained his Ph.D. in Economics from the University of Chicago. His main research fields are Economic Growth, Macro Development, China and India's Economy and Political Economy. He publishes academic papers on journals including Journal of Development Economics and Journal of Monetary Economics, and is an author of eight books including Thoughts and Debates on New Structural Economics (Peking University Press). Yong serves as an Associate Editor for China and the World Economy (SSCI) and Economic Modelling (SSCI). He is a recipient of the First Prize of National Academic Research in Humanities and Social Sciences in Chinese Universities by the Ministry of Education of China (2020), the Inaugural Peikang Chang Young Scholar Award in Development Economics (2018), China Young Economist Award (2017), Franklin Best Teaching Award at HKUST(2014), and the Martin and Margaret Lee Prize in Price Theory of at the University of Chicago (2004).  Yong has been invited to present his research at policy institutions such as IMF, World Bank, Asian Development Bank, US Department of State, US Department of Treasury, National Development and Reform Commission of China, and Korea Institute of Finance. He also serves as Secretary General of the New Structural Economics Research Alliance and Consultant of the World Bank.


Curriculum Vitae


Contact Information:

Phone: 86-10-62750658

Fax: 86-10-62768934

Email Address: yongwang@nsd.pku.edu.cn

Personal Website:yongwangecon.com





[1]   Justin Yifu Lin and Yong Wang* (2020), Structural Change, Industrial Upgrading and Middle-Income Trap, Journal of Industry, Competition and Trade 20(2), 359-394. (corresponding author; ESCI) PDF

[2]   Justin Yifu Lin and Yong Wang*(2019), Guest Editorial of the Special Section on New Structural Economics and Its Applications in Agricultural Development, China Agricultural Economic Review 11(3), 450-451. (SSCI) 【PDF

[3]   Yong Wang (2019), A Model of Industrialization and Rural Income Distribution, China Agricultural Economic Review 11(3), 507-535. (sole author; SSCI)PDF

[4]   Yong Wang (2015), A Model of Sequential Reforms and Economic Convergence, China Economic Review 32, 1-26. (sole author; SSCI; lead article)PDF

[5]   Jiandong Ju, Justin Yifu Lin, and Yong Wang* (2015), Endowment Structure, Industrial Dynamics and Economic Growth, Journal of Monetary Economics 76, 244-263. (corresponding author; SSCI)PDF

[6]   Yong Wang (2013), Fiscal Decentralization, Endogenous Policies, and Foreign Direct Investment, Journal of Development Economics 103, 107-123. (sole author; SSCI) PDF

[7]   Xiao Ke, Justin Yifu Lin, Caihui Fu, Yong Wang, Transport Infrastructure Development and Economic Growth in China: Recent Evidence from Dynamic Panel system-GMM Analysis, Sustainability, 2020, 12(14): 5618. (SSCI) PDF

[8]   Yong Wang, 2022, Market Structure, Factor Endowment and Technology Adoption, Research in International Business and Finance, forthcoming.PDF






[1]    Yong Wang, Zhongcheng Fan, Xinze Li. Endowment Structure, R&D Innovation and Industrial Upgrading, China’s Industrial Economics, 2022(9): 5-23.PDF

[2]   Wang Yong, Chen Shiyi and Zhu Huan. The Green Transformation of Industrial Structure from the Perspective of New Structural Economics: Facts,Logics and Prospects, Economic Review, 2022(4): 59-75. PDF

[3]   Yiping Huang, Shangxi Liu, Yongsheng Zhang, Yong Wang. How to Strengthen Policy Planning and Coordination to Steadily Expand China’s Economy? International Economic Review, 2022(2):18-27. (CSSCI) PDF

[4]   Lan Zhu and Yong Wang*. Research on the Impact of Labor Costs on Manufacturing Enterprise Upgrading Modes, Wuhan University Journal (Philosophy & Social Science), 2022, Vol. 75(2): 118-132. (corresponding author, CSSCI) PDF

[5]   Junqing Kang, Yan Zeng, Suyu Chen, Yong Wang. E-commerce platform response to major public emergencies -- Optimal strategies and benefits of e-commerce platform subsidies, Systems Engineering | Theory & Practice, 2022(02): 345-367. (CSSCI) PDF

[6]   Lan Zhu and Yong Wang*. How Factor Endowments Affect Firms’ Modes of Transformation and Upgrading in the Manufacturing and Service Sectors? Modern Economic Science, 2022(01): 55-65. (corresponding author, CSSCI) PDF

[7]   Yong Wang, Yuxuan Huang, Boyu Han. Research Progress on Production Network and Vertical Structure in Macroeconomics and Development Economics, Economic Perspectives, forthcoming. (corresponding author, CSSCI) PDF

[8]   Yong Wang, Yangfan Xu, Ziwei Wu. A Literature Review on New Structural Economics in the Field of Macroeconomics, Journal of Lanzhou University (Social Sciences), 2021(01): 47-55. (corresponding author, CSSCI) PDF

[9]   Yong Wang. New Opportunities and Challenges for China’s Industrial Upgrading in the 14th Five-Year Plan Period: A New Structural Economics Perspective, International Economic Review, 2021(01): 56-75. (CSSCI)PDF

[10]   Yong Wang and Xuemin Tang. Research on Structural Transformation and Industrial Upgrading in New Structural Economics: Quantitative Facts and Theoretical Progress, Economic Review, 2021(01): 71-86. (CSSCI)PDF

[11]   Yong Wang and Hongjie Gu. Singapore's Industrial Upgrading Path and Enlightenment from the Perspective of New Structural Economics, Modern Finance Guide, 2020(07): 72-76. 【PDF

[12]   Yong Wang. The Macro Role of State-owned Enterprise Reform under the Vertical Structure, State-owned Economy Research, 2020, Vol.1:17-21.

[13]   Lan Zhu, Yong Wang*, Xiaojian Li. A Study on the Regional Integration from the Perspective of New Structural Economics: The Case of Ningbo integrating Yangtze River Delta, Economic Science, 2020, Vol. 42(5): 5-18. (corresponding author, CSSCI) 【PDF

[14]   Yong Wang. Perspectives on Building Macroeconomic Models Inspired by the COVID-19 Pandemic, Economic Review, No.4, 2020. (CSSCI)PDF

[15]   Jia Yu and Yong Wang*. Development of the Photovoltaic Industry in China and New Opportunities from the One-Belt-One-Road Initiatives: Analysis from the Perspective of New Structural Economics, Journal of Xi'an Jiaotong University (Social Sciences), Jun 2020. (CSSCI)PDF

[16]   Yiping Huang, Yong Wang et al. How to Understand the Negative Interest Rate Policy and Its Impacts, 2020(01): 161-172. (CSSCI)PDF

[17]   Yong Wang, Ting Lu et al. China’s Economic Growth Potential, Policy Options, and Global Macroeconomic Situation Outlook in 2020, 2020(01): 124-160. (CSSCI) 【PDF

[18]   Yong Wang. On the Adjustment of China's Current Fiscal Policy from the Perspective of New Structural Economics, Study & Exploration, No. 8, Aug 2019. (CSSCI)PDF

[19]   Yong Wang. Is China’s Recent Growth Slowdown Mainly due to Demand or Supply? Study & Exploration, No. 10, Oct 2018. (CSSCI)PDF 

[20]   Qiuyun Zhao and Yong Wang*. New Structural Economics: How It Comes into Beijing and Recent Progress——Celebrating the 30th Teaching Anniversary of Professor Justin Yifu Lin, Journal of Finance and Economics, Sep 2018. (CSSCI)PDF

[21]   Zirong Yang and Yong Wang*. The Theory and Application of New Structural Finance, Financial View, May 2018.PDF

[22]   Yong Wang. Industrial Dynamics, International Trade and Economic Growth, China Economic Quarterly, Jan 2018. (CSSCI) PDF

[23]   Yong Wang and Zhongkai Shen. Endowment Structure, Income Inequality and Industrial Upgrading, China Economic Quarterly, Jan 2018 (CSSCI) PDF

[24]   Yong Wang. Reform of State-owned Enterprises under the Vertical Structure, International Economic Review, No.5, 2017. (CSSCI) PDF

[25]   Yong Wang. Discuss the Effective Market and the Effective Government: on the Industrial Policy from the Perspective of New Structural Economics, Study & Exploration, No.4, 2017. (CSSCI) PDF

[26]   Yong Wang and Xiuping Hua. Discuss the Connotation of Effective Government in New Structural Economics, Economic Review, No. 3, 2017. (corresponding author, CSSCI)PDF

[27]   Yong Wang. What is the Industrial Policy in the Perspective of New Structural Economics, Social Sciences Weekly, Dec 2016. PDF

[28]   Yong Wang. The Government in the Perspective of New Structural Economics, Journal of Translation from Foreign Literature of Economics, No.2, 2016. (sole author, CSSCI) PDF

[29]   Xi Li, Xuewen Liu, Yong Wang*. A Model of China’s Economic Development, China Journal of Economics, No. 4, 2014. (corresponding author, CSSCI) PDF

[30]   Yong Wang. The Neodoxy of New Structural Economics, Journal of Translation from Foreign Literature of Economics, No.2, 2013. (CSSCI)PDF

[31]   Yong Wang. Endogenous Macroeconomic policy, Technology Introduction and Economic Development, Zhejiang Social Sciences, 2008. (CSSCI)PDF

[32]   Yong Wang. Is a Second-rate Academic If Fix on Studying China Economics? World Economic Papers, No.3, 2008. (CSSCI)PDF

[33]   Jiandong Ju, Justin Yifu Lin, Yong Wang. Factor Endowment, Specialization and Trade: Theory and Empirics, China Economic Quarterly, No.1, 2005. (CSSCI) PDF

[34]   Yong Wang. Reading Talk with Prof. Lin, World Economic Papers, 2005. (CSSCI)PDF

[35]   Pengfei Wang and Yong Wang*. Comment China's economic fluctuations: Based on RBC's interpretation and numerical experiments, World Economic Papers, No.2, 2004. (CSSCI)PDF

[36]   Yong Wang. Endogenous Coalition, Income Distribution and Economic Growth, World Economic Papers, 2004. (CSSCI) PDF

[37]   Yong Wang and Hongwei Zhang. Life Cycle and Research Behavior: A Deterministic Model, Journal of World Economy, No.11, 2002. (corresponding author, CSSCI) PDF

[38]   Yong Wang and Tianshu Chu. The Innovation under Uncertainty, Technological Transfer, Demographic Policy, and Economic Growth: A Stochastic Dynamic General Equilibrium Model, Journal of Economic Science,No.5, 2002. (corresponding author, CSSCI) PDF

[39]   Yong Wang. A Dynamic Model of the Optimal Research Behavior under Uncertainty, World Economic Papers, No.2, 2002. (CSSCI)PDF




[1]   Role of Government and Industrial Policies, in China 2049, Bookings Institution Press, 2020 PDF

[2]   Remodeling Structural Change (with Justin Yifu Lin), in Oxford Handbook of Structural Transformation, Oxford University Press, 2019PDF

[3]   How to Reform SOEs under China’s State Capitalism (with Julan Du), in Unfinished Reforms in Chinese Economy, 1st. Chapter, Edited by Jun Zhang, World Scientific Publishing Ltd (Singapore), 2013 PDF

[4]   The State as a Facilitator of Innovation, (with Xiuping Hua), in The Oxford Handbook of State Capitalism and the Firm, Edited by G. Wood, A. Cuervo-Cazurra, P. Sun, I. Okhmatovskiy and A. Grosman, Oxford University Press, forthcoming PDF




[1]   Industrial policy: reflection and prospect, co-edited with Justin Yifu Lin, Jun Zhang, Yong Wang, Zonglai Kou, Peking University Press, 2018

[2]   Thinking and Debates on New Structural Economics, Peking University Press, 2017

[3]   What is New about New Structural Economics, co-edited with Justin Yifu Lin and Caihui Fu, Peking University Press, 2016

[4]   Intellectual Property Protection on New Structural Economics, co-edited with Heng Tang, Yong Wang, etc., Peking University Press, 2022

[5]   Study Methods of New Structural Economics, co-edited with Justin Yifu Lin and Qiuyun Zhao, Peking University Press, 2021

[6]   Interpretation of New Structural Economics: Theoretical Tracing, Academic Progress and Future Research Directions, co-edited with Qiuyun Zhao, The Commercial Press, forthcoming.

[7]   New Structural Economics: Theoretical Tracing and Classic Literature, co-edited with Justin Yifu Lin and Qiuyun Zhao, Truth & Wisdom Press, 2021

[8]   On the Development of China's Economy, co-edited with Justin Yifu Lin and Qiuyun Zhao, China Citic Press, 2022

[9]   High Quality Development of Regional Economy and Industrial Upgrading from the Perspective of New Structural Economics, co-edited with Justin Yifu Lin and Qiuyun Zhao, Peking University Press, 2022

[10]   Chapter 11: Government Role and Industrial Policy, in China 2049: Towards a World Economic Power, edited by Yang Yao, Dawei Du, Yiping Huang, Peking University, 2020

[11]   Chapter 14: Research on New Structural Economics, with Xiao Ke and Qiuyun Zhao, in China Development Economics Annual Development Report 2016-2017, edited by Chusheng Ye, Wuhan University Press, 2018

[12]   Chapter: How to do the Further Reform on China's State-owned Enterprises, co-edited with Julan Du, collected in China's unfinished reforms, editor Jun Zhang, Shanghai Truth & Wisdom Press, 2015

[13]   Chapter: Reform of State-owned enterprises under the “vertical structure”, in A great transformation: the past, present prospects of China’s reform, edited by Jun Zhang, Yongqin Wang, etc. Shanghai Truth & Wisdom Press, 2019

[14]   Chapter: The Government in the Perspective of New Structural Economics, in The view of Langrun Garden, edited by Justin Yifu Lin, Yang Yao, Yiping Huang, etc. China Machine PRESS, 2016

[15]   Chapter: 2019 Annual Research Report on New Structural Economics, with Huang Zhu, Yongheng Wen and Li Hui, in China Development Economics Annual Development Report 2018-2019, edited by Chusheng Ye, Wuhan University Press, 2020

[16]   Chapter: U.S.-China Trade and Industrial Policy: A New Structural Economics Perspective, in U.S. Economic and Trade Relations: Focus Issues and Response Strategies, China Development Research Foundation, China Development Press, forthcoming.




[1]   Individual Strategy and Social Structure: An Evolutionary Theory of Institutions, by Peyton Young, Princeton University Press; Shanghai People’s Publishing House, 2004

[2]   Game Theory, by Drew Fudenberg, and J. Tirole, MIT Press; China Renmin University Press, 2002

[3]   The Managerial Dilemma: The Political Economy of Hierarchy, by Gary Miller, Editor-in-chief for the series: Douglass North, Cambridge University Press; Shanghai People’s Publishing House, 2002