Dennis Yang

Dennis T. Yang

Dale S. Coenen Free Enterprise Professor of Business Administration


FOB 258

Areas of Expertise

Economic Development and Growth, Labor and Demographic Economics, Economics of China and Transition

Education:  B.A., University of California at Los Angeles; Ph.D., University of Chicago

Dennis Yang is the Dale S. Coenen Free Enterprise Professor of Business Administration and academic director of Darden’s Asia Initiative. He has taught First Year MBA and EMBA core classes and Second Year electives on emerging markets. 

Yang's research focuses primarily on economic development and growth, as well as labor economics, especially in the context of China and economic transition. His work has covered a wide range of topics, including household behavior, education, savings, poverty and famine, long-term growth, China's population policies, wage structure and income distribution. He has published in leading economics journals, such as American Economic ReviewJournal of Political EconomyEconomic JournalJournal of Economic PerspectivesJournal of Monetary Economics, and Journal of Development Economics. He has also co-edited three books on economic reforms in China and served on the editorial boards of several international economics journals.

Yang has held other positions worldwide. He has served as a senior research fellow at the Chinese University of Hong Kong, Peking University, Tsinghua University, and the Institute for the Study of Labor (IZA). He was also president of the Association for Comparative Economic Studies, vice-president of Hong Kong Economist Association and held the Chang Jiang Professorship at Shanghai Jiao Tong University in China. He has undertaken consulting work for international organizations such as the World Bank and The Conference Board, as well as other leading multinational companies.

A native of China, Yang obtained his undergraduate degree from UCLA and his Ph.D. in economics from the University of Chicago. Before joining Darden in 2012, he served on the economics faculty at Duke University, Virginia Tech and the Chinese University of Hong Kong.


Selected Publications

S. Ge and D. Yang (2014). "Changes in China's Wage Structure." Journal of European Economic Association, Vol 12, No 2, 300-336.

D. Yang and X. Zhu. (2013). "Modernization of Agriculture and Long-Run Growth." Journal of Monetary Economics, 60 (3): 367-382.

D.Yang, Chuantao Cui and Leona Li. "China's High Savings and External Imbalances: Causes and Policies," Journal of Financial Market Research(in Chinese), Vol. 8 (January 2013).

D. Yang. (2012). "Aggregate Savings and External Imbalances in China." Journal of Economic Perspectives, 26 (4): 125-146.

Dennis Tao Yang and Suqin Ge. "Neoclassical Theory and the Development of Labor Markets in China," Has China Passed the Lewisian Turning Point? Edited by Fang Cai, Dennis Tao Yang and Yiping Huang, Beijing: China Social Sciences Press (2012, in Chinese).

Dennis Tao Yang, Fang Cai and Yiping Huang. "Introduction," " Has China Passed the Lewisian Turning Point? Beijing: China Social Sciences Press (2012, in Chinese)

Dennis Tao Yang, Junsen Zhang and Shaojie Zhou. "Why Are Saving Rates So High in China?,"Capitalizing China, edited by Joseph Fan and Randall Morck. Chicago: The National Bureau of Economic Research (NBER), University of Chicago Press (2011): 249-278.

D. Restuccia, D. Yang and X. Zhu. (2008). "Agriculture and Aggregate Productivity: A Quantitative Cross-Country Analysis." Journal of Monetary Economics. 55 (2): 234-250.

W. Li and D. Yang. (2005). "The Great Leap Forward: Anatomy of a Central Planning Disaster."Journal of Political Economy. 113 (4): 840-877.

D. Yang (2004). "Education and Allocative Efficiency: Household Income Growth during Rural Reforms in China." Journal of Development Economics. 74 (1): 137-162.

D. Yang and M. An. (2002). "Human Capital, Entrepreneurship, and Farm Household Earnings."Journal of Development Economics. 68 (1): 65-88.

J. Lin and D. Yang. (2000). "Food Availability, Entitlement and the Chinese Famine of 1959-61."Economic Journal. 110 (1): 136-158.

D. Yang. (1999). "Urban-Biased Policies and Rising Income Inequality in China." American Economic Review. 89 (May Issue): 306-310.

D. Yang. (1997). "Education and Off-Farm Work." Economic Development and Cultural Change. 45 (3): 613-632.


Working Papers

S. Ge, D. Yang and J. Zhang. (2012). "Population Policies, Demographic Structural Changes, and the Chinese Household Saving Puzzle." IZA Discussion Paper No. 7026.

L. Sheng and D. Yang. (2011). "Expanding Export Variety: The Role of Institutional Reforms in Developing Countries." IZA Discussion Paper No. 7611.