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Education

Ph.D. Economics

Hong Kong Baptist University (HKBU)

Research

Journal Articles

  1. Y. Huang, Y. Liu, and M. Ding, “Tracking Hong Kong economy with a novel leading index,” Contemporary Economic Policy, pp. 1–16, 2026. doi: doi.org/10.1111/coep.70051.

  2. Y. Liu, T. Wong, T. W. Chau, and Y. Cao, “Evaluating GPT-4o on introductory economics problem sets: A rating-based benchmark of question type and assessment design,” Education Sciences, vol. 16, no. 7, 2026. doi: 10.3390/educsci16070994.  

  3. Q. Zhang, Y. Liu, and B. Fan, “Bridging saving and dissaving through tax incentives: Evidence from Hong Kong’s qualifying deferred annuity policy,” Applied Economics, pp. 1–18, 2026.

  4. Z. Zhu, Y. Liu, Y. Li, and K. C. Chan, “ESG portfolio performance across risk tiers and market conditions: New evidence from China,” International Review of Economics & Finance, p. 105 538, 2026. 

  5. Y. Liu, Y. Cao, and J. Huang, “Decarbonization commitment, political connections, and firm value: Evidence from China,” Journal of Risk and Financial Management, vol. 18, no. 9, 2025.

  6. L. Xia and Y. Liu, “Electricity generation and China’s GDP growth under dual control policy,” Energy Exploration & Exploitation, p. 01 445 987 231 224 637, 2024.

  7. Y. Liu, L. Wang, and Y. Deng, “Electricity generation and economic performance: On the 2021 Texas power crisis,” The Electricity Journal, vol. 37, no. 1, p. 107 367, 2024.

  8. K. H. Cao, C.-K. Woo, Y. Li, and Y. Liu, “Covid-19’s effect on the alpha and beta of a us stock exchange traded fund,” Applied Economics Letters, vol. 29, no. 2, pp. 123–128, 2022.

  9. K. H. Cao, Q. Li, Y. Liu, and C.-K. Woo, “Covid-19’s adverse effects on a stock market index,” Applied Economics Letters, vol. 28, no. 14, pp. 1157–1161, 2021.

  10. M. M. Chiu, C. K. Woo, A. Shiu, Y. Liu, and B. X. Luo, “Reducing costly free-rider effects via OASIS,” International Journal of Comparative Education and Development, vol. 22, no. 1, pp. 30–48, 2020.

  11. C. K. Woo, K. H. Cao, Y. L. Liu, and Q. Li, “Estimated benefits of incremental suppression of Covid-19 spread,” Open Access Library Journal, vol. 7, no. 8, pp. 1–13, 2020.

  12. C. K. Woo, Y. Liu, K. Cao, and J. Zarnikau, “Can Hong Kong price-manage its public transportation’s ridership?” Case Studies on Transport Policy, vol. 8, no. 4, pp. 1191–1200, 2020.

  13. C. K. Woo, A. Shiu, M. M. Chiu, and Y. Liu, “Empirics of an online assessment system for individual scores (oasis),” Asian Journal of Educational Research, vol. 6, no. 2, pp. 16–42, 2018.

  14. C. K. Woo, A. Shiu, Y. Liu, X. Luo, and J. Zarnikau, “Consumption effects of an electricity decarbonization policy: Hong Kong,” Energy, vol. 144, pp. 887–902, 2018.

  15. C. K. Woo, Y. Liu, J. Zarnikau, A. Shiu, X. Luo, and F. Kahrl, “Price elasticities of retail energy demands in the United States: New evidence from a panel of monthly data for 2001–2016,” Applied Energy, vol. 222, pp. 460–474, 2018.

  16. C. K. Woo, J. Zarnikau, Y. Chen, et al., “An empirical analysis of California’s hybrid capacity options,” The Electricity Journal, vol. 31, no. 2, pp. 7–12, 2018.

  17. C. K. Woo, Y. Liu, X. Luo, A. Shiu, and J. Zarnikau, “Consumption effects of electricity decarbonization: Evidence from california and the Pacific Northwest,” The Electricity Journal, vol. 30, no. 10, pp. 44–49, 2017.

  18. Y. Liu and C. K. Woo, “California’s renewable generation and pumped hydro storage’s profitability,” The Electricity Journal, vol. 30, no. 3, pp. 15–22, 2017.

  19. Y. Liu, C. K. Woo, and J. Zarnikau, “Wind generation’s effect on the ex post variable profit of compressed air energy storage: Evidence from Texas,” Journal of Energy Storage, vol. 9, pp. 25–39, 2017.

  20. Y. Liu, C. K. Woo, and J. Zarnikau, “Ex post payoffs of a tolling agreement for natural gas-fired generation in Texas,” Journal of Energy Markets, vol. 9, no. 1, 2016.

Book Chapters

  1. Analysis of Macquarie Group’s Value at Risk using GARCH Models. Rutgers: Handbook of Financial Econometrics, Statistics, Technology, and Risk Management, 2025.

Ad-hoc Reviewer

The Energy Journal, Energy, Journal of  Teaching in International Business, Climate Policy, Scientific Reports, 13&14th ICIET Conference

Teaching 

Over the recent 2 years, more than half of my subject classes achieved students' evaluation score of ≥ 4.8/5.0.

[01]

Introduction to Economics (UG)

[02]

Intermediate Microeconomics (UG)

[03]

[04]

[05]

Engineering Economics (UG)

Economics of Sustainability (PG)

Energy Economics (PG)

[06]

Global Economic Environment (UG) 

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