Yongcheol Shin
Encyclopedia
Professor Yongcheol Shin (born December 24, 1960, South Korea
) is a British-Korean
economist. He has held positions at leading academic institutions such as University of Cambridge
, University of Edinburgh
and University of Leeds
. His notable contributions to econometrics include asymmetric autoregressive distributed lag model, unit root test
s in ESTAR framework, and the long-run structural VAR
modelling approach.
in English Literature
in 1983 and MA
in Economics at at the Hankuk University of Foreign Studies
, South Korea
in 1985. He also received his Ph.D in Economics
, Michigan State University
in 1992. Currently, Shin is a Professor at the Department of Economics and Related Studies at the University of York
. Before he has worked as Professor at the Department of Economics at the Leeds University Business School
(University of Leeds
) for seven years.
Previously, he has worked as Senior Research Officer from 1995 to 1998 and Research Officer at the Department of Applied Economics, University of Cambridge
. In 1995-1996, Shin served as short term consultant at the International Economics Department of the World Bank
and at the The Citibank
International plc. London. He was a visiting professor at the SungKunKwan University, Seoul
, and Wits University, Johannesburg
. From 1995 to 1997, he worked on the econometric software project, Working with Microfit, at the Cambridge University as hands-on session supervisions.
Shin has served as Reader
from 2000 to 2004 and a Lecturer at the Department of Economics, University of Edinburgh
from 1998 to 2000. He was a Professor at the Economics Division at the University of Leeds
from 2004 to 2011.
, macroeconomics
, asset pricing and empirical finance. His contribution to the ARDL model for the cointegration analysis with Mohammad Hashem Pesaran
was introduced in the Cambridge University book, "Econometrics and Economic Theory in the 20th Century" (Ed. Steinar Strøm).
He was awarded Best Paper Award 2002-2004 by Econometric Reviews
with Professor Pesaran in 2005 for their research paper Long Run Structural Modelling.
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
) is a British-Korean
Koreans in the United Kingdom
Koreans in the United Kingdom include Korean-born migrants to the United Kingdom and their British-born descendants.-Population size:The 2001 UK Census recorded 12,310 British residents born in South Korea...
economist. He has held positions at leading academic institutions such as University of Cambridge
University of Cambridge
The University of Cambridge is a public research university located in Cambridge, United Kingdom. It is the second-oldest university in both the United Kingdom and the English-speaking world , and the seventh-oldest globally...
, University of Edinburgh
University of Edinburgh
The University of Edinburgh, founded in 1583, is a public research university located in Edinburgh, the capital of Scotland, and a UNESCO World Heritage Site. The university is deeply embedded in the fabric of the city, with many of the buildings in the historic Old Town belonging to the university...
and University of Leeds
University of Leeds
The University of Leeds is a British Redbrick university located in the city of Leeds, West Yorkshire, England...
. His notable contributions to econometrics include asymmetric autoregressive distributed lag model, unit root test
Unit root test
In statistics, a unit root test tests whether a time series variable is non-stationary using an autoregressive model. A well-known test that is valid in large samples is the augmented Dickey–Fuller test. The optimal finite sample tests for a unit root in autoregressive models were developed by John...
s in ESTAR framework, and the long-run structural VAR
Vector autoregression
Vector autoregression is a statistical model used to capture the linear interdependencies among multiple time series. VAR models generalize the univariate autoregression models. All the variables in a VAR are treated symmetrically; each variable has an equation explaining its evolution based on...
modelling approach.
Education and Career
Yongcheol Shin received his BABachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
in English Literature
English literature
English literature is the literature written in the English language, including literature composed in English by writers not necessarily from England; for example, Robert Burns was Scottish, James Joyce was Irish, Joseph Conrad was Polish, Dylan Thomas was Welsh, Edgar Allan Poe was American, J....
in 1983 and MA
Master of Arts (postgraduate)
A Master of Arts from the Latin Magister Artium, is a type of Master's degree awarded by universities in many countries. The M.A. is usually contrasted with the M.S. or M.Sc. degrees...
in Economics at at the Hankuk University of Foreign Studies
Hankuk University of Foreign Studies
Hankuk University of Foreign Studies is one of the leading universities in the Republic of Korea.HUFS has been consistently ranked as one of the most prestigious higher education institutes in Korea, especially being ranked as a top in the field of Foreign Language...
, South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...
in 1985. He also received his Ph.D in Economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, Michigan State University
Michigan State University
Michigan State University is a public research university in East Lansing, Michigan, USA. Founded in 1855, it was the pioneer land-grant institution and served as a model for future land-grant colleges in the United States under the 1862 Morrill Act.MSU pioneered the studies of packaging,...
in 1992. Currently, Shin is a Professor at the Department of Economics and Related Studies at the University of York
University of York
The University of York , is an academic institution located in the city of York, England. Established in 1963, the campus university has expanded to more than thirty departments and centres, covering a wide range of subjects...
. Before he has worked as Professor at the Department of Economics at the Leeds University Business School
Leeds University Business School
Leeds University Business School , is the business school of the University of Leeds, located in Leeds, West Yorkshire, England.Leeds University Business School is regarded as one of the best in the UK , with its MBA programme ranked among the top 50 in the world...
(University of Leeds
University of Leeds
The University of Leeds is a British Redbrick university located in the city of Leeds, West Yorkshire, England...
) for seven years.
Previously, he has worked as Senior Research Officer from 1995 to 1998 and Research Officer at the Department of Applied Economics, University of Cambridge
University of Cambridge
The University of Cambridge is a public research university located in Cambridge, United Kingdom. It is the second-oldest university in both the United Kingdom and the English-speaking world , and the seventh-oldest globally...
. In 1995-1996, Shin served as short term consultant at the International Economics Department of the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
and at the The Citibank
Citibank
Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
International plc. London. He was a visiting professor at the SungKunKwan University, Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
, and Wits University, Johannesburg
Johannesburg
Johannesburg also known as Jozi, Jo'burg or Egoli, is the largest city in South Africa, by population. Johannesburg is the provincial capital of Gauteng, the wealthiest province in South Africa, having the largest economy of any metropolitan region in Sub-Saharan Africa...
. From 1995 to 1997, he worked on the econometric software project, Working with Microfit, at the Cambridge University as hands-on session supervisions.
Shin has served as Reader
Reader
Reader can mean a person who is reading a text, or a basal reader, a book used to teach reading. It may also refer to:-People:* Richard Reader Harris , English barrister and Pentecostalist* Reader Harris , British politician...
from 2000 to 2004 and a Lecturer at the Department of Economics, University of Edinburgh
University of Edinburgh
The University of Edinburgh, founded in 1583, is a public research university located in Edinburgh, the capital of Scotland, and a UNESCO World Heritage Site. The university is deeply embedded in the fabric of the city, with many of the buildings in the historic Old Town belonging to the university...
from 1998 to 2000. He was a Professor at the Economics Division at the University of Leeds
University of Leeds
The University of Leeds is a British Redbrick university located in the city of Leeds, West Yorkshire, England...
from 2004 to 2011.
Academic merits
Professor Shin has published and written more than 46 articles in leading scientific journals in the areas of econometricsEconometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
, macroeconomics
Macroeconomics
Macroeconomics is a branch of economics dealing with the performance, structure, behavior, and decision-making of the whole economy. This includes a national, regional, or global economy...
, asset pricing and empirical finance. His contribution to the ARDL model for the cointegration analysis with Mohammad Hashem Pesaran
Mohammad Hashem Pesaran
Professor Mohammad Hashem Pesaran is a British-Iranian economist.He received his BSc in Economics at the University of Salford and his PhD in Economics at Cambridge University....
was introduced in the Cambridge University book, "Econometrics and Economic Theory in the 20th Century" (Ed. Steinar Strøm).
He was awarded Best Paper Award 2002-2004 by Econometric Reviews
Econometric Reviews
Econometric Reviews is a scholarly econometrics journal. It is published six times per year.Its editor is Esfandiar Maasoumi...
with Professor Pesaran in 2005 for their research paper Long Run Structural Modelling.
Publications
- Greenwood-Nimmo, M.J.; Shin, Y.; and Van Treeck, T., The Asymmetric ARDL Model with Multiple Unknown Threshold Decompositions: An Application to the Phillips Curve in Canada. Working Paper Series, The Leeds University Business School, 2011
- Serlenga, L.; Shin, Y., Gravity models of intra-EU trade: application of the CCEP-HT estimation in heterogeneous panels with unobserved common time-specific factors, Journal of Applied Econometrics, 22 (2), pp361-381, 2007
- Shin, Y; Snell, A, Mean group tests for stationarity in heterogeneous panels, ECONOMETRICA Journal, 9(1), pp123-158, 2006
- Shin, Y; Snell, A, Mean Group Tests for Stationarity in Heterogeneous Panels The Econometrics Journal, 2006
- Shin, Y; Kapetanios, G; Snell, A, Testing for Cointegration in Nonlinear Smooth Transition Error Correction Models Econometric Theory, 22, pp79-303, 2006
- Garratt, A; Lee, K; Pesaran, MH; Shin, Y, A Long Run Structural Macroeconometric Model of the UK Economic Journal, 113(4), pp412-455, 2003
- Garratt, A; Lee, K; Pesaran, MH; Shin, Y, Forecast Uncertainties in Macroeconomic Modeling: An Application to the U.K. Economy Journal of American Statistical Association, 98(464), pp829-838, 2003
- Im, KS; Pesaran, MH; Shin, Y, Testing for unit roots in heterogeneous panels Journal of Econometrics, 115(1), pp53-74, 2003
- Pesaran, MH; Shin, Y, Long-Run Structural Modelling Econometric Reviews, pp49-87, 2002
- Chortareas, G; Kapetanios, G; Shin, Y, Nonlinear Mean-reversion in Real Exchange Rates Economics Letters, pp411-417, 2002
- Kapetanios, G; Shin, Y; Snell, S, Testing for a unit root in the nonlinear STAR framework Journal of Econometrics, 112(2), pp359-379, 2002
- Serlenga, L.; Shin, Y.; and Snell, A., A Panel Data Approach to Testing Anomaly Effects in Factor Pricing Models. Royal Economic Society Annual Conference 2002 165, Royal Economic Society.
- Pesaran, MH; Shin, Y; Smith, RJ, Bounds testing approaches to the analysis of level relationships Journal of Applied Econometrics, 16(3), pp289-326, 2001