Yang, Yang (Zoe)(楊揚)
BCom(UBC); MSc (UBC); PhD (NUS)

Assistant Professor
Contact Room 726, 7/FCheng Yu Tung Building
12 Chak Cheung Street
Shatin, N.T., Hong Kong
+852 3943 4033
zoeyang@cuhk.edu.hk
楊揚
Biography
Prof. Zoe Yang is an Assistant Professor of Real Estate at The Chinese University of Hong Kong. Her research focuses on urban economics, real estate, and sustainability. She holds a PhD in Real Estate from the National University of Singapore (2018), an MSc in Urban Land Economics (2014), and a B.Comm with Honours in Finance and Real Estate (2012) from the University of British Columbia. Her work has been published in academic journals, such as The Review of Economics and Statistics, Journal of Public Economics, Journal of Urban Economics, Real Estate Economics, Regional Science and Urban Economics, Journal of Economic Behavior and Organization, and Energy Economics.
Prof. Yang is the principal investigator of Hong Kong GRC projects and the National Natural Science Foundation of China’s Young Scientists Fund. She is the Associate Editor of Regional Science and Urban Economics, an Academic Editor for PLOS One, and sits on the editorial board of the Journal of Real Estate Literature.
Teaching Areas
Real Estate Development
Real Estate Investment
Research Interests
Urban Economics
Real Estate Finance
Chinese Economy
Environmental Economics
- Publications & Working Papers
Publications
- H. Fang, L. Wang, and Y. Yang (2022), “Competition and Quality: Evidence from the High-Speed Rails and Airlines,” The Review of Economics and Statistics, forthcoming.
- S. Agarwal, L. Wang, and Y. Yang (2021), “Impact of transboundary air pollution on service quality and consumer satisfaction,” Journal of Economic Behavior and Organization, 192, 357-380.
- H. Fang, L. Wang, and Y. Yang (2020), “Human mobility restrictions and the spread of the novel coronavirus (2019-ncov) in China,” Journal of Public Economics, 191, 104272.
- L. Wang and Y. Yang (2021), “Political connections in the land market: Evidence from China’s state‐owned enterprises,” Real Estate Economics, 49(1), 7-35.
- T. Somerville, L. Wang, and Y. Yang (2020), “Using purchase restrictions to cool housing markets: A within-market analysis,” Journal of Urban Economics, 115,103189.
- Y. Lin, Y. Qin, Y. Yang, and H. Zhu (2020), “Can price regulation increase land-use intensity? Evidence from China’s industrial land market,” Regional Science and Urban Economics, 81, 103501.
- S. Agarwal, T.F. Sing, and Y. Yang (2020), “The Impact of Transboundary Haze Pollution on Household Utilities Consumption,” Energy Economics, 85, 104591.
- S. Agarwal, S. Rengarajan, T.F. Sing, and Y. Yang (2017), “Nudges from school children and electricity conservation: Evidence from the “Project Carbon Zero” campaign in Singapore,” Energy Economics, 61, 29-41.
- S. Agarwal, S. Rengarajan, T.F. Sing, and Y. Yang (2016), “School allocation rules and housing prices: A quasi-experiment with school relocation events in Singapore,” Regional Science and Urban Economics, 58, 42-56.
Working Papers
- Hanming Fang, Long Wang and Y. Yang, “Housing Shock and Online Consumption Behavior.”
- Sumit Agarwal, Weida Kuang, Long Wang, and Y. Yang, “The Role of Agents in Fraudulent Activities: Evidence from the Housing Market in Beijing.”
- Sumit Agarwal, Tien Foo Sing and Y. Yang, “Energy Saving and Price Premium of Green Buildings: Evidence from Singapore.”
- Sumit Agarwal, Long Wang, and Y. Yang, “Online Consumption Response to Sustained Exposure to Air Pollution: Evidence from a Quasi-experiment in China.”
- Sumit Agarwal, Shin-fen Cheng, Jussi Keppo, Long Wang and Y. Yang, “Information Provision and Labor Efficiency: Evidence from Taxis in Singapore.”
- Grants
- “Environmental Pollution and Consumption Behavior in the Digital Era”, Young Scientists Fund awarded by National Natural Science Foundation of China, 2023 – 2025
- “Information Salience and Vehicle Idling Behavior”, Project Impact Enhancement Fund awarded by CUHK, 2023 – 2025
- “Air Pollution and Online Consumption”, General Research Fund awarded by University Grants Committee of Hong Kong, 2023-2025
- “Wealth Shock and Online Consumption”, Early Career Scheme awarded by University Grants Committee of Hong Kong, 2020-2022
- “Competition and Quality: New Evidence from the High-Speed Rails and Airlines”, Project Impact Enhancement Fund awarded by CUHK, 2020-2022
- “Blessing in Disguise? Environmental Shocks and Performance Enhancement”, Project Impact Enhancement Fund awarded by CUHK, 2019-2021
- Academic/Professional Services
Editorial Boards
- Associate Editor, Regional Science and Urban Economics
- Academic Editor, PLOS One
- Editorial Board, Journal of Real Estate Literature
Peer-reviews
- Review of Economics and Statistics
- Journal of Public Economics
- American Economic Journal: Applied Economics,
- Management Science
- Review of Finance
- Journal of Industrial Economics
- Journal of Environmental Economics and Management
- China Economics Review
- Journal of Urban Economics
- Real Estate Economics
- Regional Science and Urban Economics
- International Real Estate Review
- Journal of Housing Economics
- Cities
- Review of Transportation Research – Part B
- Transport Policy
- World Development
- Journal of Asian Economics
- Economic Modelling
- International Journal of Urban Sciences
Conference Reviewer
- AsRES/GCREC International Conference, 2023
- Annual Graduate Education and Graduate Student Research Conference in Hospitality and Tourism, 2019-Present