FANGZHI WANG, PhD in Economics
Assistant Professor of Finance
Contact Details
Tel: 85902326
Email: fzwang@cityu.edu.mo
Academic Qualifications
Ph.D. in Economics, Beijing Institute of Technology, 2019-2024
M.A. in Economics, Beijing Institute of Technology, 2017-2019
B.A. in Economics , Nanjing University of Aeronautics and Astronautics, 2013-2017
Bibliography
Dr. Fangzhi Wang is currently an Assistant Professor of Economics at Faculty of Finance at City University of Macau. He received his PhD in Energy and Climate Change Economics from Beijing Institute of Technology. He was a visiting student at Department of Economics, University of Sussex. His research interest lies in the intersection of environmental science and macroeconomics. In particular, he has been working on integrated climate-economy modelling and its use for welfare and policy analysis.
Teaching
Intermediate Microeconomics; Intermediate Macroeconomics
Research Fields
Integrated assessment modelling; economic growth and development; oil price and macroeconomy;
Refereed Publications (Selected)
- Wang, F., Liao, H., Tol, R.S. (2025). Baumol’s climate disease. European Economic Review, 180, 105175.
- Wang, F., Liao, H., Tol, R. S., & Ji, C. (2024). Endogenous preference for nonmarket goods in carbon abatement decisions. Decision Analysis (INFORMS), 21(4), 235-251.
- Dong, J., Tol, R. S., & Wang, F. (2024). Towards a social cost of carbon with national characteristics. Economics Letters, 244, 111977.
- Wang, F., & Liao, H. (2022). Unexpected economic growth and oil price shocks. Energy Economics, 116, 106430.
- Liao, H., Peng, Y., Wang, F., & Zhang, T. (2022) Understanding energy use growth: the role of investment-GDP ratio. Structural Change and Economic Dynamics, 63, 15-24.
- Tian, J., Andrade, C., Lumbreras, J., Guan, D., Wang, F., & Liao, H. (2018). Integrating sustainability into city-level CO2 accounting: social consumption pattern and income distribution. Ecological Economics, 153, 1-16.
Programming
- GAMS, Matlab, Stata, Latex
Languages
- Chinese (native); English (very fluent); Japanese (basic)

