fbpx Bihong Huang, Research Fellow | Asian Development Bank

At the forefront of growth and development in Asia and the Pacific

Bihong Huang, Research Fellow

Bihong Huang

Bihong Huang joined ADBI as a research economist in February 2016.

Her research interests include economic development, climate change and the environment, and inclusive and sustainable finance.

She is coordinator for the Think20 (T20) Japan policy innovation task force examining the Future of Work and Education for the Digital Age under Japan’s 2019 G20 presidency. She also represents ADBI in a large number of other policy dialogues with governments and international organizations.

She has led many research-based policy development projects at ADBI. Her work has focused on topics such as East Asian economic integration; fintech and financial inclusion; fintech, digital currency and financial stability; finance and innovation; globalization and economic stability; globalization, climate change and environment; green finance; sources of income inequality; and avoiding the middle-income trap.

She has published three books and more than 20 papers in leading academic journals. Among them include China Economic Review, Economic Modelling, Energy Economics, Journal of Banking and Finance, Journal of Corporate Finance, Review of Development Economics, and The World Economy.

She previously served on the academic faculty at Renmin University of China and University of Macau.

She holds a PhD in economics from Nanyang Technological University in Singapore. She also holds an MA and BA in economics from Xiamen University in China.

Population Ageing and Inequality: Evidence from China

With X. Chen and S. Li. The World Economy, forthcoming, online version available at

Corporate Pension Plans and Investment Choices: Bargaining or Conforming?

With M. Duygun, X. Qian, and L. H.K. Tam. Journal of Corporate Finance, forthcoming, online version available at

Economic and Environmental Impacts of Foreign Direct Investment in China: A Spatial Spillover Analysis.

With J. Huang, X. Chen, and X. Yang. China Economic Review, 2017, Vol. 45: 289-309.

The Role of Punctuation in P2P Lending: Evidence from China

With X. Chen and D. Ye. Economic Modelling, forthcoming, available at

Aging Population and Inequality: Evidence from China

With X. Chen and S. Li. The World Economy, forthcoming, available at

Club Membership and Transboundary Pollution: Evidence from European Union Enlargement

With X. Chen. Energy Economics, 2016, Vol. 53: 230–237.

How Far is Chinese Left-Behind Parents' Health Left Behind?

With Y. Lian and W. Li. China Economic Review, 2016, Vol. 37: 15–26.

Inequality, Saving and Global Imbalances: A New Theory with Evidence from OECD and Asian Countries

With X. Gu and B. Dong. The World Economy, 2015, Vol. 38: 110–135.

Inequality and Saving: Further Evidence from Integrated Economies

With X. Gu, P. S. Tam and Y. Zhang. Review of Development Economics, 2015, Vol. 19: 15–30.

Loan Collateral, Corporate Investment, and Business Cycle

With V. Aivazian, X. Gu, and J. Qiu. Journal of Banking & Finance, 2015, Vol. 55: 380–392.

Does Inequality Lead to a Financial Crisis? Revisited

WithX. Gu. Review of Development Economics, 2014, Vol. 18: 502–516.

Are Intergovernmental Transfers in China Equalizing?

With K. Chen. China Economic Review, 2012, Vol. 23: 534–551.

A New Approach to Capital Flows: Theory and Evidence.

With X. Gu. Economic Modelling, 2011, Vol. 28: 1050–1057.

International Dependency and Economic Fluctuations in East Asian NIEs.

Global Economic Review, 2008,Vol. 37: 497–506.

11 June 2019 Tackling the challenge of growing inequality in Asia - Asia Pathways

Income inequality is one of the most profound social, economic, and political challenges of our time. A survey conducted by Pew Research Center (2014) found that more than 60% of worldwide respondents regard the gap between the rich and the poor as a major concern.

4 October 2018 How does trade openness affect the environmental Kuznets curve? - Asia Pathways

The People’s Republic of China (PRC) has reformed and opened up its economy for 4 decades. However, accompanying the country’s fast-growing gross domestic product (GDP) and trade sector, environmental degradation, such as deteriorating water quality, land deforestation, pollution, and frequent haze plagues, has attracted a great deal of attention.

25 May 2018 Is Indonesia’s subsidized rice program benefitting its children? - Asia Pathways

Indonesia’s subsidized rice program, RASKIN (also known as Operasi Pasar Khusus), constitutes the longest running and the largest in-kind transfer for poor households in Indonesia. In 2010, government expenditure on RASKIN accounted for 53% of the total household-targeted social assistance.