Mark Lee
Associate Professor of Economics

Department of Economics  Office: ST (Stephens Hall) 101 A
College of Business & Economics Phone: 410-704-2191
Towson University
Fax: 410-704-3424
Towson, MD 21252
Email: mlee at

mark lee
    * Ph.D. in Economics, Stanford University, 2000
    * B.A. in Economics, Yonsei University, Korea, 1990
   * Associate Professor of Economics, Towson University, 2006 - 
    * Faculy Member, Asian Studies Program, Towson University, 2001 - 2007
    * Editor of NEP (New Economics Papers), 1999 -
         - Development     
         - Law and Economics

 CV [ PDF]

Areas of Interest

Macroeconomics, Development, Applied econometrics  International economics, and East-Asian economies.




- Did the Financial Crisis in Japan Affect Household Welfare Seriously? (with Y. Sawada, K. Nawata, and M. Ii)

- Precautionary Saving under Liquidity Constraints: Evidence from Rural Pakistan  (with Y. Sawada)

- The Degree of Precautionary Saving: A Reexamination (with Y. Sawada)

- The Adjusted Solow Residual and Asset Returns

- Observational Equivalence between the Solow Residual and the Malmquist Index for the G-7 Countries

- Persistent Wage Differential and its Implications on the Balassa-Samuelson Hypothesis

- Relative Aggregate Productivity Measures for the G-7 Countries:  A Hybrid Data Envelopment Analysis

<Working Papers>

- Technology Shocks and Business Cycle: An Analysis based on the Malmquist Index

< Work in Progress>

- Risk Aversion Over the Life Cycle (with Y. Sawada)

- Precautionary Saving and Self Insurance (with Y. Sawada)

- Risk Aversion and the Welfare Cost of Liquidity Constraints (with H. Ichimura, Y. Sawada)

- Effectiveness of Development Aid (with Y. Sawada)

- Income Distribution, Trade Openness, and Human Capital: An Empirical Analysis (with J. Woo)

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