Supply and Demand of Phd Graduates in HK, Singapore, Taiwan and Mainland China TJ Wong The Chinese University of HK AAA 2007.

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Presentation transcript:

Supply and Demand of Phd Graduates in HK, Singapore, Taiwan and Mainland China TJ Wong The Chinese University of HK AAA 2007

Background Emergence of around top research- based business schools in Asia HK, Singapore, S. Korea, Mainland China and Taiwan Hiring from top research schools in US programs Require top US journal publications for tenure US-style Phd training

Mainland China Top programs hire from the US - Berkeley, Stanford, CMU etc 5-6 programs hire from US and HK, aspire to publish in A and B list US journals Many other research schools are starting to engage in US- style empirical research Successful research collaborations with HK and overseas professors Example: China Accounting Review Annual Conference with over 100 paper presentations

Survey Conducted in July 2007 by CAPANA Survey top research schools w/ Phd programs HK: 7; Singapore: 2; Taiwan: 4; Mainland China: 6 (response rate 50% to 100%) Coordinators: Prof. Charles Chen (City U of HK); Prof. Rong-ruey Duh (NTU of Taiwan) and Prof. Xinyuan Chen (SUFE of China)

Highlights Excess supply of local Phds Most serious in mainland China: 184 vs. 58 Singapore, excess demand: 8 vs. 11 Excess supply serious in financial Excess demand for overseas graduates, especially US Excess demand especially in fields of IS and Tax

Demand and Supply for HK Local supply & demand Excess supply: 37 vs. 30 Excess demand in cost, tax, IS

Demand and Supply for Singapore Local supply & demand Excess demand: 11 vs. 8 Excess supply only in financial

Demand and Supply for Taiwan Local supply & demand Big excess supply: 55 vs. 14 Excess demand: IS and tax

Demand and Supply for Mainland China Just local supply & demand Huge excess supply: 126 Mainly in financial Excess demand in IS, tax, multi

Demand for Overseas Talents for HK Local supply: 37 Demand for local supply : 7 Demand for US: 19

Demand for Overseas Talents for Singapore Local supply: 8 Excess local supply: 8 vs. 1 Demand for US: 7

Demand for Overseas Talents Taiwan Local supply: 55 Demand for local supply: 4 Demand for US supply: 8

Demand for Overseas Talents for Mainland China Local supply & demand Excess local supply: 184 vs. 29 Demand for US: 18

What should we do? Improve quality of local programs Some consolidation in programs, eps mainland China Create local markets or regional markets More collaboration among top programs in Asia - high level doctoral consortium Raise salaries and research culture to attract overseas talents