Research

Publications

1. Minjie Huang, Shunan Zhao, and Mengjun Xie. Unraveling the Enigma: Decomposing China's Output and Productivity Growth in the New Era, Macroeconomic Dynamics, 29: e73, 2025.

2. Zhezhi Hou, Shunan Zhao, and Subal Kumbhakar. Revisiting the Public Capital Productivity Puzzle, Empirical Economics, 68: 1233–1264, 2025.

3. Emir Malikov, Shunan Zhao, Subal Kumbhakar, and David Bernstein. Estimating Production Functions using Costs when Outputs are Restricted, Econometric Reviews, 44(4): 433–461 , 2024.

4. Jun Hu, Yan Zhuang, and Shunan Zhao. A Sequential Learning Procedure with Applications to Online Sales Examination, Applied Stochastic Models in Business and Industry, forthcoming. 

5. Zhezhi Hou, Subal Kumbhakar, and Shunan Zhao. Productivity and Efficiency: Do We Need a Bridge?. International Journal of Production Economics, 274:109287, 2024.

6. Fei Jia, Minjie Huang, and Shunan Zhao. Estimation of Endogenous Firm Productivity Without Instruments: An Application to Foreign Investment. Journal of Productivity Analysis, 61: 135-155, 2024. 

7. Emir Malikov, Shunan Zhao, and Jingfang Zhang. A System Approach to Identification of Production Functions with Multi-Dimensional Productivity. Advances in Econometrics, 46: 211-263, 2024.

8. Minjie Huang, Shunan Zhao, and Andreas Pape. Measuring Corporate Tax Avoidance: An Econometric Case-Based Decision Approach. Oxford Bulletin of Economics and Statistics, 85(2): 403-434, 2023.

9. Zhezhi Hou, Shunan Zhao, and Subal Kumbhakar. The GMM Estimation of Semiparametric Spatial Stochastic Frontier Models. European Journal of Operational Research, 305(3): 1450-1464, 2023.

10. Emir Malikov and Shunan Zhao. On the estimation of cross-firm productivity spillovers with an application to FDI. The Review of Economics and Statistics, 105(5), 1207-1223, 2023.

11. Shunan Zhao, Yiguo Sun, and Subal Kumbhakar. Income and Democracy: A Semiparametric Approach. Econometric Reviews, 41(9), 1113-1140, 2022.

12. Emir Malikov, Jingfang Zhang, Shunan Zhao, and Subal C Kumbhakar. Accounting for cross-location technological heterogeneity in the measurement of operations efficiency and productivity. Journal of Operations Management, 68(2), 153-184, 2022.

13. Minjie Huang, Shunan Zhao, and Subal Kumbhakar. Decomposition of Output, Productivity and Market Structure Changes. European Journal of Operational Research, 303(1), 422-437, 2022.

14. Subal C Kumbhakar, Mingyang Li, and Shunan Zhao. Estimation of technical change: direct semi/nonparametric approaches. Economics Letters, 199:109734, 2021.

15. Shunan Zhao, Man Jin, and Subal C Kumbhakar. Estimation of firm productivity in the presence of spillovers and common shocks. Empirical Economics, 60(6), 3135–3170, 2021.

16. Shunan Zhao, Ruiqi Liu, and Zuofeng Shang. Statistical inference on panel data models: a kernel ridge regression method. Journal of Business & Economic Statistics, 39(1), 325–337, 2021.

17. Shunan Zhao, Bing Qian, and Subal C Kumbhakar. Estimation of productivity and markups with price dispersion: evidence from Chinese manufacturing during economic transition. Southern Economic Journal, 87(2), 666–699, 2020.

18. Emir Malikov, Shunan Zhao, and Subal C Kumbhakar. Estimation of firm-level productivity in the presence of exports: evidence from China’s manufacturing. Journal of Applied Econometrics, 35(4), 457–480, 2020.

19. Man Jin, Shunan Zhao, and Subal C Kumbhakar. Information asymmetry and leverage adjust-ments: a semiparametric varying-coefficient approach. Journal of the Royal Statistical Society: Series A (Statistics in Society), 183(2), 581–605, 2020.

20. Man Jin, Shunan Zhao, and Subal C Kumbhakar. Financial constraints and firm productivity: evidence from Chinese manufacturing. European Journal of Operational Research, 275(3), 1139–1156, 2019.

21. Emir Malikov, Shunan Zhao, and Subal C Kumbhakar. Economies of diversification in the US credit union sector. Journal of Applied Econometrics, 32(7), 1329–1347, 2017.

Book Chapters 

• Shunan Zhao & Man Jin, 2022. Globalization, Innovation, and Productivity, Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 28, pages 1145-1163, Springer.