Economics, University of Minnesota – Twin Cities, U.S.A., June 2007
& IT, University of Sydney, Australia, January 2001
1st Class Hons, University of Sydney, Australia,
Soochow University, Taiwan, June 1996
Associate Professor, Department of
Real Estate, National University of Singapore (since 2014)
Affiliated Researcher, Institute of
Real Estate Studies, National University of Singapore (since 2008)
Assistant Professor, Department of
Real Estate, National University of Singapore (2007 – 2013)
Visiting Scholar, Federal Reserve Bank of Minneapolis (2004 – 2006)
Instructor, RA & TA at University of Minnesota,
University of New South Wales, University of Sydney, and University of
Western Sydney (2007; 2000 – 2005)
Soldier, R.O.C. Marine Corps (1996 – 1998)
Urban and Regional
Economics; Housing Economics; Industrial Organization; Labor Economics;
Honors and Awards:
Best paper award (AsRES
Conference Best Award), the 18th Asia Real Estate Society Annual
Conference, Kyoto, Japan, 2013
Best paper award (Tokyo Property
Management Award), the 15th Asia Real Estate Society Annual Conference, Taiwan,
Dissertation fellowship, Chiang
Ching-kuo Foundation of International Scholarly
Exchange, U.S.A., 2005
Instructor, Department of Economics, University of Minnesota – Twin Cities,
“Human Capital, Labor Mobility and
Regional Development in Southeast Asian Economies,” JYP-CARC Grant, NUS Global Asia Institute, PI, $85,700
SGD, 2014 – 2017.
“The Impact of Land Rights on Urban
Redevelopment,” Asia-Pacific Region
Grant, Chiang Ching-kuo Foundation of International
Scholarly Exchange, PI, $34,000 USD, 2013 – 2015.
“Fiscal Decentralization and Firm
Performance,” ARF-Tier-1 Grant,
MOE, PI, $92,000 SGD, under review.
“Study of User Perception of Skyrise Greenery and Its Impact on Costs, Rent and
Value of Property,” National Park Board, Collaborator, $135,100 SGD,
“Applications of Spatial Econometrics,” ARF-Tier-1 Grant, MOE, PI,
$42,000 SGD, 2009-2012.
“Outsourcing, Inequality and Cities,” ARF-Tier-1 Grant, MOE, PI,
$50,000 SGD, 2008-2011.
Liao, W.-C., Zhao, D., Sing, T. F. (2014) Risk attitude and
housing wealth effect, Journal of Real Estate Finance and Economics 48, 467-491.
Liao, W.-C., Zhao, D., Lim, L. P.,
Wong, G. K. M., (2013) Foreign liquidity to real estate market: Ripple
effect and housing price dynamics, Urban
Liao, W.-C. (2012) Inshoring: The geographic fragmentation of
production and inequality, Journal of Urban Economics 72, 1-16.
W.-C., Wang, X. (2012) Hedonic house price and spatial quantile
regression, Journal of Housing Economics 21, 16-27.
Liao, W.-C. (2010) Outsourcing and computers: Impact on urban skill
levels and rent, Regional Science and Urban Economics 40, 136-154.
Fu, Y., Liao, W.-C. (2012) What Drive the Geographic Concentration of
College Graduates in the United States? Evidence from Internal Migration.
Liao, W.-C., Li, P., Deng, Y. (2012) Firm Productivity, Agglomeration
Benefit, and China’s Fiscal Reform.
Yu, S. M., Liao, W.-C., Chai, H. C. (2013) Skyrise
Greenery in Singapore: Perceptions, Knowledge and Willingness to Pay
“Hong Kong Property Market,” with Wen-Tai Hsu and Tin Cheuk Leung
“Firm Performance in Shanghai,” with Qianjin
“Human Capital, Labor Mobility and Regional Development in Southeast
Asia Economies,” with Yuming Fu
“The Impact of Land Rights on Urban
Redevelopment in Taiwan” with Tzu-Chin Lin and Jieming Zhu
“Asset Value Enhancement of
Green Mark in Singapore” with Tien Foo Sing and Daxuan
“A New Economic Geography with
Non-homothetic Preferences” with Wen-Tai Hsu
“Transport Connectivity in
“Public Housing in Shanghai” with Qiang Li
“Land Market, Local Public Finance and
Economic Growth in China” with Jipeng Zhang
Real Estate Economics Research Seminar
(PhD), 2008; 2012-present
Public Policy and Real Estate Markets
(BSc), 2009-2010; 2013-present
Economics of Real Estate Markets (MBA),
Real Estate Economics (BSc), 2007-2012
Urban Policy and Real Estate Markets (MSc),
Urban Economics (BA) (University of
Chinese Economy (BA) (University of
Principle of Macroeconomics (BA)
(University of Minnesota), 2002-2003