Research

Publications

Yulu Wang, Subal Kumbhakar, and Shunan Zhao. Unveiling Pollution Abatement Costs in Chinese Manufacturing Sector using a By-production Approach, Southern Economic Journal, accepted.
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.
Zhezhi Hou, Shunan Zhao, and Subal Kumbhakar. Revisiting the Public Capital Productivity Puzzle, Empirical Economics, 68: 1233–1264, 2025.
Jun Hu, Yan Zhuang, and Shunan Zhao. A Sequential Learning Procedure with Applications to Online Sales Examination, Applied Stochastic Models in Business and Industry, 41(3): e2903, 2025.
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.
Zhezhi Hou, Subal Kumbhakar, and Shunan Zhao. Productivity and Efficiency: Do We Need a Bridge?. International Journal of Production Economics, 274:109287, 2024.
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.
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.
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.
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.
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.
Shunan Zhao, Yiguo Sun, and Subal Kumbhakar. Income and Democracy: A Semiparametric Approach. Econometric Reviews, 41(9), 1113-1140, 2022.
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.
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.
Subal C Kumbhakar, Mingyang Li, and Shunan Zhao. Estimation of technical change: direct semi/nonparametric approaches. Economics Letters, 199:109734, 2021.
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.
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.
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.
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.
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.
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.
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.

Papers Under Revision & Review

"On the Estimation of Nonneutral Production Technologies without Homothetic Separability", R&R at The RAND Journal of Economics, with E. Malikov and S. Kumbhakar
"Structural Estimation of Firm Productivity with Endogenous Determinants", R&R at Econometric Reviews, with M. Huang and M. Jin.
"From Campus to Corporation: How University Research Spillovers Improve Firm Production", with Z. Hou and M. Jin.
“Super-Consistency of Quasi-Maximum Likelihood Break Date Estimator in Panel Data Models”, with H. Geng and R. Liu.
"Social and Individual Learning to Export: A Case-Based Approach to China's Apparel Manufacturing", with M. Huang and A. Pape.
"The Role of Destination Markets in Export-Induced Learning: Evidence from U.S.–China Trade", with M. Huang and M. LI

Work in Process

"A System Approach to Structural Identification of Production Functions with Multi-Dimensional Productivity in the Presence of Productivity Spillovers", with Z. Hou and E. Malikov.
"Agglomeration, Productivity, and Exports: A Unified Framework for Firm Dynamics", with M. Li , M. Jin, and Y. Wang.
"Unionization and the Dynamics of Firm Production Technology: A Supply-Side Analysis", with Y. Wang, M. Jin, and F, Jia.
"Spillovers from Federal Labs", with J. Silberman.
"Inference under Ambiguity", with R. Liu and Y. Xiang.
"Profit Under-Reporting and Tax Avoidance: A Stochastic Frontier Analysis", with M. Jin and S. Kumbhakar.

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