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J.Y. Choi

Jy Choi

Contact

Dr. J.Y Choi
Professor of Economics and Finance

Phone: (409) 880-8062
Email: choijy@lamar.edu
Office: Galloway Business Building Room 215

Ph.D.   University of Oklahoma
M.A.   University of Kansas
B.A.   Yonsei University,  Seoul, South Korea

Courses Taught

M.B.A.: 

Managerial Economics 

Bachelors:

Managerial Economics 
Principles (Macro) 
Principles (Micro) 

Courses taught, but not in the Schedule:

Intermediate Microeconomics
International Economics
Mathematical Economics
Principles of Macroeconomics
Special Topics in Economics
Computational Finance
Foundations of Economics

Professional Experience

Academic Experience 

Professor, Lamar University (May, 1992 - Present), Beaumont, United States of America. Professor of Economics

Tenured faculty of College of Business, Lamar University (May, 1985 - Present), Beaumont, United States of America. Tenured

Visiting Professor, Chu Hai College of Higher Education (June, 2016 - June, 2016), Hong Kong, China- Hong Kong. Research for Lamar University and Chu Hai College of Higher Education

Visiting Professor, Chu Hai College of Higher Education (May, 2015 - June, 2015), Hong Kong, China- Hong Kong. Research for Lamar University and Chu Hai College of Higher Education

Visiting Professor of Economics, City University of Hong Kong (March, 2012 - May, 2012), Hong Kong, China- Hong Kong. Research for Lamar University and City University of Hong Kong

Visiting Professor of Economics, City University of Hong Kong (May, 2011 - August, 2011), Hong Kong, China- Hong Kong. Teaching and research for the City University of Hong Kong

Visiting Professor of Economics, City University of Hong Kong (May, 2010 - July, 2010), Hong Kong, China- Hong Kong. Teaching and research for the City University of Hong Kong

Visiting Professor of Economics, City University of Hong Kong (May, 2009 - July, 2009), Hong Kong, China- Hong Kong. Teaching and research-related functions for Economics and Finance department.

Visiting Professor of Economics, City University of Hong Kong (May, 2007 - August, 2007), Hong Kong, China- Hong Kong. Research and teaching-related functions for Economics and Finance department.

Visiting Professor of Economics, City University of Hong Kong (May, 2006 - July, 2006), Hong Kong, China- Hong Kong. Research and teaching-related functions for Economics and Finance department.

Visiting Professor of Economics, City University of Hong Kong (May, 2005 - August, 2005), Hong Kong, China- Hong Kong. Research and teaching-related functions for Economics and Finance department.

Visiting Professor of Economics, City University of Hong Kong (May, 2002 - July, 2002), Hong Kong, China- Hong Kong. Research and teaching-related functions for Economics and Finance department.

Visiting Professor of Economics, City University of Hong Kong (May, 2001 - August, 2001), Hong Kong, China- Hong Kong. Research and teaching-related functions for Economics and Finance department.

Visiting Professor of Economics, Chinese University of Hong Kong (CUHK) (May, 1997 - August, 1997), Hong Kong, China- Hong Kong. Research and teaching-related functions for Economics and Finance department.

Associate Professor, Lamar University (May, 1986 - May, 1992), Beaumont, United States of America. Associate Professor of Economics

Assistant Professor, Lamar University (August, 1982 - May, 1986), Beaumont, United States of America. Assistant professor of Economics

Paid Service 

2015:  Chu Hai College of Higher Education, Invited speaker to the Chu Hai Conference on Economic Linkages through International Trade, Investment, Migration and Tourism. Topic of the presentation: "Offshoring, Terms of Trade and Non-immiserization." https://student.intranet.ouhk.edu.hk/ers/prod/urc_event_detail.jsp?eid=000191&lang=eng

2013:  International Economics and Finance Society, Invited speaker to the fifth annual conference of the International Economics and Finance Society, Shanghai, China, June 20-23, 2013.  Topic of the presentation: "Factor growth, Foreign Investment under Product Market Imperfection in the Harris-Todaro Economy." 

2010:  International Economics and Finance Society, Invited speaker to the second annual conference of the International Economics and Finance Society, Beijing, China, May 22-24, 2010. Topic of the presentation: "Product Market Imperfection and the Two-sector Harris-Todaro Economy."

Service

Professional Service 

Reviewer - Article / Manuscript
2017:  Asia Development Bank Institute (ABDI) Workshop in Tokyo, Japan.  Reviewed 9 papers for Asia Development Bank Institute (ADBI) workshop held in Tokyo, Japan (September, 2017), and made recommendation to the organizing committee.
2017:  Referee for PRJ.  Refereed an article. "How Could the Harris-Todaro Model be Improve?" for Review of Urban and Regional Development Studies (January 2017).
2016:  Referee for PRJ (International).  Refereed an article, "Modern Agricultural Development: Environmental and Economic Effects," for Asia-Pacific Journal of Accounting and Economics (January 2016).
2015:  Referee for PRJ (International).  Refereed an article, "FDI Technology Spillovers, Geography, and Spatial Diffusion," for International Review of Economics and Finance (August 2015).
2015:  Referee for PRJ (International).  Refereed an article, "Employment Effect of Manufacturing Outsourcing: Evidence from China" for The World Economy (June 2015)
2015:  Referee for PRJ (International).  Reviewed an article, Unemployment, Wage Inequality and International Factor Movement in the Presence of Agricultural Dualism," for Review of Development Economics (January).
2014:  Referee for PRJ (International).  Reviewed an article, "Would a Free Trade Agreement with China Hurt Unskilled Labor in Taiwan?" for Asia-Pacific Journal of Accounting and Economics (October 2014). 
2014:  Referee for PRJ (International).  Refereed an article, "Trans-Pacific Tariff  Barrier: A Case of Five Asia-Pacific Developing Countries and Canada," for Review of Development Economics (March) .
2014:  Referee for PRJ (National).  Refereed an article, "Organizational Efficiency and the Choice of Technology in Economic Development," for Journal of Economic Behavior and Organization (January).
2013:  Referee for PRJ (National).  Refereed an article, "Quality of Institutions and Outsourcing," for International Economic Journal (July).
2013:  Referee for PRJ (National).  Refereed an article, "Specific vs Ad Valorem Strategic Export Subsidies with Taxation Distortion," for Review of International Economics (May).
2013:  Referee for PRJ (National).  Refereed an article, "Is Direct FDI in Healthcare Desirable in Developing Economy?" for International Review of Economics and Finance (January).
2012:  Referee for PRJ (International).  Served as a referee for Canadian Journal of Economics (January)
2011:  Referee for PRJ (National).  Served as a referee for Review of Development Economics (July).
2010:  Referee for PRJ.  Served as a referee for Review of International Economics (October).
2010:  Referee for PRJ.  Served as a referee for Southern Economic Journal (March).
2010:  Referee for PRJ.  Served as a referee for Asia-Pacific Journal of Accounting and Economics (February).
2008:  Referee for PRJ.  Served as a referee for Review of Development Economics (July).
2007:  Referee for PRJs.  Served as referee for: International Review of Economics and Finance (January), Review of Development Economics (March), Canadian Journal of Economics (May), Asia-Pacific Journal of Accounting and Economics (August).
2006:  Referee for PRJs.  Served as referee for Pacific Economic Review (November)
2005:  Referee for PRJ.  Served as referee for Review of Development Economics (January).
2004:  Referee for PRJs.  Served as referee for: Review of Development Economics (February), Research Journal of Business Disciplines (May), Review of International Economics (August).
2004:  Book Review.  Reviewed the Prospectus of Managerial Economics book written by Paul Komolli of the University of Kansas at the request of Addison Wesley Publishing Company.
2003:  Referee for PRJs.  Served as referee for: Review of International Economics (August), Journal of Asian Economics (January)

Institutional Service 

Department Assignments

Chair:
2018-2019:  Personnel Committee  
2018-2019:  University Library Committee  
2015-2016:  Department Representative for the University Library  
2014-2015:  Department Committee for Pre-tenure and promotion
2014-2015:  Department Committee for Pre-tenure and promotion
2010-2011:  Department Promotion Committee
2010-2011:  Department Tenure Committee  
2010-2011:  Department Chair Evaluation Committee 
2009-2010:  Department representative for the University Library 
2008-2009:  Search Committee for a Finance Faculty  
2008-2009:  Search Committee for an Economics Faculty
2007-2008:  Department Chair Evaluation Committee
2007-2008:  Search Committee for an Economics/Statistics faculty  
1982-1983 – 2008-2009:  Department representative for the University Library  

 

College Assignments

Member:
2018-2019:  Construction Management Faculty Recruiting Committee 
2018-2019:  Graduate Programs Committee  
2018-2019:  Faculty Academic and Professional Impact Committee  
2017-2018:  Graduate Program Committee  
2016-2017 – 2017-2018:  Personnel Committee  
2015-2016 – 2017-2018:  Faculty Academic and Professional Impact Committee  
2015-2016:  Graduate Programs Committee  
2015-2016:  Faculty Academic and Professional Impact Committee  
2011-2012 – 2014-2015:  Faculty Development Committee Lamar University  
2012-2013:  Personnel Committee Lamar University
2010-2011:  Administrative Review Committee for Associate dean  
2009-2010:  Promotion Committee  
2007-2008 – 2009-2010:  Promotion Committee Lamar University   

University Assignments

Member:
2018-2019:  University Council 
2018-2019:  Graduate Faculty
2015-2016:  Graduate Faculty Review Committee    
2015-2016:  Graduate faculty  
2015-2016:  Graduate Faculty Review Committee  
2015-2016:  University Library Committee  
2013-2014:  Administrator Review Committee for University Library Director, David Carroll
2005-2006 – 2009-2010:  University Library Committee
2004-2005 – 2008-2009:  University Faculty Senate  
2004-2005 – 2007-2008:  University Registration and Grading Committee  
1983-1984 – 2009-2010:  Graduate Faculty  

Intellectual Contributions

Refereed Articles 

  • Choi, J.Y., & Yu, E. S.H. (2018).  International Outsourcing, Environmental Costs and Welfare.   Asian Development Bank Institute Working Papers Series (No 848), 1-14.
  • Choi, J.Y., & Yu, E. S.H. (2018).  A Public-Good Approach to Environmental Economy.   International Journal of Economic Theory, 1-12. Choi, J.Y., & Yu, E. S.H. (2018).  A Public-Good Approach to Environmental Economy.   International Journal of Economic Theory, 1-12.
  • Choi, J.Y., & Yu, E. S.H. (2017).  International Outsourcing, Environmental Costs, and Welfare.   Asia Pathways.
    [Edit]  [x]    Choi, J.Y. (2016).  International Outsourcing, Terms of Trade, and Non-immiserization.   International Review of Economics & Finance, 43, 222-233.
  • Choi, J.Y. (2016).  International Outsourcing, Terms of Trade, and Non-immiserization.   International Review of Economics & Finance, 43, 222-233.
  • Choi, J.Y. & Beladi, H. (2014).  Internal and External Gains from International Outsourcing.   Journal of International Trade and Economic Development, 23 (1-2), 299-314.
  • Yu, E. S.H. & Choi, J.Y. (2014).  Factor Growth and Foreign Investment under Product Market Imperfection in the Harris-Todaro Economy.   Pacific Economic Review, 18 (5), 584-602.
  • Choi, J.Y. & Yu, E. S.H. (2013).  Market Imperfection and International Trade in a Dynamic Economy.   International Journal of Economic Theory, 9, 319-336.
  • Choi, E. K. & Choi, J. (2013).  Financial Advantage, Outsourcing and FDI under Wage Uncertainty.   North America Journal of Economics and Finance, 24, 260-267.
  • Choi, J.Y. & Yu, E. S.H. (2012).  Product Market Imperfection and the Two Sector Harris-Todaro Model.   Review of International Economics, 20 (2), 256-270.
  • Choi, E. K., & Choi, J. Y. (2010).  To Outsource or Not To Outsource in North-South Trade.   Frontiers in Finance and Economics, 7 (1), 60-81.
  • Choi, J.Y., & Yu, E. S.H. (2010).  Imperfect Capital Mobility: A General Approach to the Two-Sector Harris-Todaro Model.   Review of International Economics, 18 (1), 81-94.
  • Choi, J. Y. (2010).  Anatomy of the Post-Global Quota Trade Disputes on China's Textile Exports.   Asia-Pacific Journal of Accounting and Economics, 17, 435-448.
  • Jin, J. C., Choi, J., & Yu, E. S.H. (2009).  Energy Price, Energy Conservation, and Economic Growth: Evidence from the Post War United States.   International Review of Economics & Finance, 18 (4), 691-699.
  • Choi, E. K., & Choi, J. Y. (2008). Infrastructure Aid and Deindustrialization in Developing Countries,  In Tran-Man Binh, Long, N. V., and Tawada, M. (Eds.), Frontiers of Economics and Globalization, Volume 5, Globalization and Emerging Issues in Trade Theory and Policy(pp. 245-266). Bingley, UK: Emerald. 
  • Choi, J. Y., & Choi, E. K. (2007). Infrastructure Aid, Deindustrialization and Urban Unemployment.  In Sajal Lahiri (Ed.), Frontiers of Economics and Globalization, Volume 1, Theory and Practice of Foreign Aid (pp. 65-84). Oxford, UK: Elsevier. 
  • Choi, J. Y., & Yu, E. S.H. (2006).  Industrial Targeting and Non-shiftable Capital in the Harris-Todaro Model.   Review of International Economics, 14, 910-921.
  • Choi, J. Y., & Yu, E. S.H. (2003). External Economies in International Trade Theory.  In E. Kwan Choi and James Harrigan (Eds.), Handbook of International Trade (pp. 186-209). Oxford, UK: Blackwell. 
  • Choi, J.Y., Yu, E. S.H., & Jin, J. C. (2002).  Technical Progress, Urban Unemployment, Outputs, and Welfare under Variable Returns to Scale.   International Review of Economics & Finance, 11, 411-425.
  • Choi, J.Y., & Yu, E. S.H. (2002).  External Economies in International Trade Theory: A Survey.   Review of International Economics, 10 (4), 708-728.

Presentation of Refereed Papers 

  • Yu, E. S.H. & Choi, J.Y. (2017, September). International Outsourcing, Environmental Costs and Welfare.  Asia Development Bank Institute (ADBI) 2017 Workshop, Tokyo, Japan.
  • Yu, E. S.H. & Choi, J. Y. (2016, May). International Outsourcing, Environmental Costs and Welfare.   Shanghai Forum, Shanghai, China-PRC.
  • Choi, J.Y. & Yu, E. S.H. (2015, June). A Public Good Approach to the Environmental Economy,.   European Economics and Finance Society, Brussels, Belgium.
  • Choi, J.Y. & Yu, E. S.H. (2015, May). A Public Good Approach to the Environmental Economy.   International Economics and Finance Society (IEFS), Kyoto, Japan.
  • Choi, J.Y. & Yu, E. S.H. (2014, November). International Outsourcing, Environmental Costs and Welfare.   Kobe International Conference on Fragmentation, Time Zones, and their Dynamic Consequences, Kobe, Japan.
  • Choi, J.Y. & Yu, E. S.H. (2013, September). On the Positive Aspects of International Outsourcing.   Seminar on International Economics at Zheziang University, Hangzhou, China-PRC.
  • Choi, J.Y. & Yu, E. S.H. (2013, June). Factor Growth and Foreign Investment under Product market Imperfection in the Harris-Todaro Economy.   International Economics and Finance Society (IEFS), Shanghai, China-PRC.
  • Choi, J.Y. & Yu, E. S.H. (2012, May). Market Imperfection and International Trade in a Dynamic Economy.   International Workshop on Trade, Macroeconomic Dynamics and Political Economy, Hong Kong, China- Hong Kong.
  • Choi, J.Y. & Yu, E. S.H. (2011, November). Outsourcing, Economies of Scale and terms of Trade.   Seminar on International Economics at Aoyama University, Tokyo, Japan.
  • Choi, J.Y. & Yu, E. S.H. (2011, November). Outsourcing, Economies of Scale and Terms of Trade.   The Chukyo-Kyoto Conference on International Trade and Macroeconomic Dynamics, Nagoya, Japan.
  • Choi, J.Y. & Yu, E. S.H. (2010, May). Product Market Imperfection and the Two-Sector Harris-Todaro Economy.  International Economics and Finance Society (IEFS), Beijing, China-PRC.
  • Choi, J.Y. & Yu, E. S.H. (2009, December). Product Market Imperfection and the Two-Sector Harris-Todaro Economy.  4th Keio-Kyoto International Conference on Market Quality Economics, Kyoto, Japan.
  • Choi, J.Y. & Yu, E. S.H. (2009, December). Product Market Imperfection and the Two-sector Harris-Todaro Economy.  2009 Annual Conference of Taiwan Economic Association, Taipei, Taiwan.
  • Choi, J.Y. & Yu, E. S.H. (2008, October). Imperfect Capital Mobility: a General Approach to the Two-Sector Harris-Todaro Model. International Conference on International Economics and Globalization (sponsored by Chukyo University and Nagoya University), Nagoya, Japan.
  • Choi, E. K. & Choi, J. Y. (2008, January). To Outsource or Not to Outsource in North-South Trade.  Country Risk and FDI conference at Dresden University of Technology, Dresden, Germany.
  • Choi, J.Y. (2006, May). Anatomy of the Post-Global Quota Trade Disputes on China's Textile Exports.  Asia-Pacific Journal of Accounting and Economics conference, Hong Kong, China.
  • Choi, J.Y. (2004, March). Foreign Investment, Unemployment and welfare under Intersectoral Capital Immobility.  Southwestern Economics Association, Corpus Christi, Texas, United States of America.
  • Choi, J.Y. & Yu, E. S.H. (2002, June). Technical Progress, Urban Unemployment, Outputs and Welfare under Variable Returns to Scale. International Conference (in honor of Gregory Chow of Princeton University) in Hong Kong, Hong Kong, China.

Presentation of Non-Refereed Papers 

  • Choi, J.Y. (2015, May). Offshoring, Terms of Trade and Non-Immiserization.   Chu Hai Conference: International Economic Linkages, Hong Kong, China- Hong Kong.
  • Choi, J.Y. (2010, October). Product Market Imperfection, Factor Growth, FDI and the Two-Sector Harris-Todaro Model. Invited presentation at Workshop on International Economics at Chukyo University, Nagoya, Japan.
  • 2004: Tran, Q., Choi, J. Y., & Andreev, V. V., Lamar University Research Enhancement Grant, Lamar University. Developing course(s) on computational finance.

Papers Under Review 

  • Choi, J.Y. & Yu, E. S.H. (2015). "International Outsourcing, Environmental Costs and Welfare," Initial submission to International Journal of Economic Theory.

Other Research

  •  2018: Choi, J.Y., & Yu, E.S., Podcast by ADBI Asia's Developing Future Global outsourcing comes with environmental costs.  This podcast, edited by Asian Development Bank Institute in Tokyo (Japan), reports the welfare consequences of international outsourcing between North and South in the presence of resulting environmental damages to the South.We suggest that to fully resolve the environmental issue in the South, strengthening regulation or fostering international cooperation is desirable for implementation until the environmental costs of outsourcing are fully accounted for by the outsourcing firms in the North which, however, may react by resorting to insourcing, diversified outsourcing and other strategies.

Basic or Discovery Scholarship

  • 2015: Choi, J.Y. & Yu, E.S., A Public Good Approach to Environmental Economy.  

This paper investigates the economic implications of environment in the 2x3 Heckscher-Ohlin model by expounding the multi-dimensional roles of the environment for the economy: (i) as a public input used for production of goods and services, (ii) as a by-product from production of goods and services, and (iii) as a public good directly affecting social utility. It shows that (a) the sectoral environment-output responses play a critical role for determining the environmental effects on factor prices, sectoral outputs and employment, and welfare; (b) the optimal policy is free trade (a specific tax on pollution) under a dynamically stable (unstable) environment.