Publications

• Liu, T. (2021). Measuring cost inefficiency: A dual approach. Ecnomic Modelling 99, https://doi.org/10.1016/j.econmod.2021.02.012.
• Liu, T. Shang, Shengwu, Coelho, P.R.P. (2017). When batterer becomes murderer: an analysis with conditional independence. Law, Probability and Risk, 6 (2-3), 131-136. (Abstract)
• Coelho, P. R. P., Liu, T. 2017. The Returns to College Education – An Analysis with College Level Data, Eastern Economic Journal 43(4), 604-620.
• Fields, T., Earhart, C.A., Liu, T., & Campbell, H. (2013) A Hedonic Model for Off-Campus Student Housing: The Value of Proximity to Campus. Housing and Society 40 (1) 41-60.
• Liu, T. & Li, K.-W. (2012). Analyzing China’s Productivity Growth: Evidence from manufacturing Industries. Economic Systems 36(4), 531-551.
• Li, Kui-Wai, Tung Liu. (2011). Economic and Productivity Growth Decomposition: An Application to Post-reform China. Economic Modelling 28 (1-2): 366-373.
• Liu, T., Santoni, G. J., & Stone, C. C. (2009). Federal Securities Regulations and Stock Market Returns. Journal of Financial and Economic Practice Fall 2009: 15-34.
• Bask, Mikael, Tung Liu, and Anna Widerberg. (2007). The Stability of Electricity Prices: Estimation and Inference of the Lyapunov Exponents. Physica A 376: 565-572.
• Liu, Tung and Kui-Wai. Li. (2006). Disparity in Factor Contributions between Coastal and Inner Provinces in Post-reform China.China Economic Review 17 (4): 449-470.
• Liu, Tung and Lee C. Spector. (2005). Dynamic Employment Adjustments Over Business Cycles. Empirical Economics 30 (1): 151-169.
• Chu, Chia-Shang James, Tung Liu, and Rathin S. Rathinasamy. (2004). Robust Test of the January Effect in Stock Markets Using Markov-Switching Model. Journal of Financial Management and Analysis 17 (1): 22-33.
• Li, Kui-Wai and Tung Liu. (2004). Performance of Financial Resources in China's Provinces,” Journal of the Asia Pacific Economy 9 (1): 32-48.
• Liu, Tung and Kui-Wai Li. (2001). Impact of liberalization of financial resources in China’s economic growth: Evidence from Provinces. Journal of Asian Economics 12 (2): 245-262.
• Li, Kui-Wai and Tung Liu. (2001). Financial Liberalization and Growth in China’s Economic Reform. World Economy 24 (5): 673-687.
• Tung Liu and Courtenay C. Stone. (Winter 1999). A Critique of One-Tailed Hypothesis Test Procedures in Business and Economics Statistics Textbooks. Journal of Economic Education 30 (1): 59-63. [Abstract]
• Ramazan Gencay and Tung Liu. (1997). Nonlinear Modelling and Prediction with Feedforward and Recurrent Networks. Physica D 108: 119-134. [Abstract]
• Chia-Shang Chu, Gary J. Santoni, and Tung Liu. (1996). Stock Market Volatility and Regime Shifts in Returns. Information Sciences 94 (1-4): 179-190. [Abstract]
• Chung-Ming Kuan and Tung Liu. December (1995). Forecasting Exchange Rates Using Feedforward and Recurrent Neural Networks. Journal of Applied of Econometrics 10 (4): 347-364. [Abstract]
• Tung Liu, Gary J. Santoni, and Courtenay C. Stone. (September 1995). In Search of Stock Market Bubbles: A Comment on Rappoport and White. The Journal of Economic History 55 (3): 647-654. ( Reply: Stock Market Bubbles? A Reply, Eugene N. White, The Journal of Economic History 55 (3) (Sep., 1995): 655-665.
• Gary J. Santoni and Tung Liu. (1993). Circuit Breakers and Stock Market Volatility. Journal of Futures Markets 13 (3): 261-277.
• Tung Liu, Clive W.J. Granger, and Walter P. Heller. (December 1992). Using the Correlation Exponent to Decide whether an Economic Series is Chaotic. Journal of Applied Econometrics 7: S25-S39. Reprinted in M. Hashem Pesaran and Simon M. Potter (eds.) Nonlinear Dynamics, Chaos and Econometrics, John-Wiley and Sons, pp. 17-31, 1993. [Abstract]
• Chung-Ming Kuan, Kurt Hornik, and Tung Liu. (1993). Recurrent Back-Propagation and Newton Algorithms for Training Recurrent Neural Networks. Proceedings of the International Symposium on Substance Identification Technologies.

Working Papers and Work-in-Process

• Liu, T. (2022) Estimators Under Correlated Random Effects Models with Cluster Data. (Download paper)
• Liu, Tung, and Courtenay C. Stone. May 2007. Law and Statistical Disorder: Statistical Hypothesis Test Procedures And the Criminal Trial Analogy. Published in SSRN.
• Kuan, Chung-Ming and Tung Liu, The Nonlinear Intraday Pattern of Futures Market Exchange Rates: An Application of Neural Networks. [Abstract].
• "Synchronization."

Computer Program

• Research Programs
  • NETLE- Feedforward Neural Networks and Lyapunov Exponents Estimation by Chung-Ming Kuan, Tung Liu, and Ramazan Gencay.

    NETLE 4.1, 2007.

    With the standard error of the LE estimates. Readme; Download netle41.zip.

    NETLE 3.01, 1997.

    Readme; Download netle3.zip (size 126,129)

  • FNET- Forecasting Using Feedforward Neural Network Models, 1995.
  • RNET- The Feedforward and Recurrent Neural Networks Estimation, Chung-Ming Kuan and Tung Liu, 1993.
• Web Programs
  • Web Interface for CRSP Stock Files, 1998.
  • Web Interface for CRSP Indices File, 1998.
  • Web Interface for SBBI Series, 1997.
  • Web Interface for IFS Database, 1997.
  • Web Interface for DRI Basic Economics Database (with UCS), 1997.
  • Department of Economics Homepage (with John Horowitz), 1996-2001.
  • CITIGET- An Interactive Program to Access the CITIBASE and IFS Data, 1995.
  • SBBIGET- An Interactive Program to Access the SBBI Data in CRSP Indices File, 1994.