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Prof. Ricardo Chi Sen SIU Room: E22-4037

Associate Professor in Business Economics


Telephone: (853) 8822-4751

Faculty of Business Administration

Email: fbars

University of Macau, E22
Avenida da Universidade, Taipa, Macau, China



Academic Qualifications

 
  1. Ph.D in Economics, Renmin Univeristy of China, China, 1999
  2. Master in Economics, University of Maine, Orono, USA, 1993
  3. Bachelor in Accounting, University of Maine, Orono, USA, 1991

Teaching


Undergraduate Courses

  1. Applied Economics for Leisure Industries (BECO406)
  2. History of Economic Thought (BECO408)
  3. Logic and Reasoning (QMDS103)
  4. The Macao Gaming and Hospitality Industries (GAHM203)
  5. Introduction to Gaming Management (GAHM200)
  6. Principles of Microeconomics (BECO100)
  7. Intermediate Microeconomics (BECO308)
  8. Econometrics I/II (ECIF310/311)
  9. Economics of Tourism (ECIF362)
  10. The Chinese Economy (ECIF411)

Graduate Courses

  1. Selected Topics in Gaming Management (IMBC125)
  2. China's Financial Markets (IMBB113)
  3. Selected Topics in China Business (IMBB116)
  4. Economics of Electronic Commerce (IMBB134)

Research Interests
 
  1. Institutional Economics
  2. Gaming and Tourism
  3. Macao Economy
  4. China's Financial Markets

Peer-Review Journal Papers
 
  1. YUAN, J. and SUN, G. Z. and SIU, R. C. S. (2014).  The lure of illusory luck: How much are people willing to pay for random shocks.  Journal of Economic Behavior & Organization, 106(July 2014), 269-280.
  2. GU, X. H. and LI, G. Q. and SIU, R. C. S. (2012). Casino taxation in tourism resorts. Gaming Law Review and Economics, 16(5), 274-277.
  3. SIU, R. C. S. (2011). A concept reconsideration of the price issues with casino gaming. Gaming Law Review and Economics, 15(5), 267-277.
  4. LI, G. Q. and GU, X. H. and SIU R. C. S. (2010). The impacts of gaming expansion on economic growth: A theoretical reconsideration. Journal of Gambling Studies, 26(2), 269-285.
  5. GU, Z. and SIU R. C. S. (2009). Drivers of job satisfaction as related to work performance in Macao casino hotels: An investigation based on employee survey. International Journal of Contemporary Hospitality Management, 21(5), 561-578.
  6. SIU, R. C. S. and EADINGTON W. R. (2009). Table games or slots? Competition, evolution, and game preference in Macao’s casino market. Journal of Gambling Business and Economics, 3(1), 41-63.
  7. LAI, R. N. L. and SO, R. W. and SIU, R. C. S. (2008). What does a concept attract? The case of gaming in Macau. Journal of Gambling Business and Economics, 2(3), 1-22.
  8. GU, Z. and SIU R. C. S. (2008). The Macao casino industry labor force quality – An investigation form the customer service perspective. UNLV Gaming Research and Review Journal, 12(1 & 2), 1-13.
  9. SIU, R. C. S. (2007). Formal rules, informal constraints, and industrial evolution  The case of the Junket Operator Regulation and the transition of Macao’s casino business. UNLV Gaming Research and Review Journal, 11(2), 49-62.
  10. SIU, R. C. S. (2007). Is casino gaming a productive sector? A conceptual and cross-jurisdiction analysis. Journal of Gambling Business and Economics, 1(2), 129-146.
  11. EADINGTON W. R. and SIU, R. C. S. (2007). Between law and custom — Examining the interaction between legislative change and the evolution of Macao’s casino industry. International Gambling Studies, 7(1), 1-28.
  12. SIU, R. C. S. (2006). Evolution of Macao’s casino industry from monopoly to oligopoly – Social and economic reconsideration. Journal of Economic Issues, 40(4), 967-90.
Peer-Review Book Chapters
 
  1. WONG, A. I. K. and SIU, R. C. S. (2015).  Casino tourism: How does entrepreneurship change Macao?  Entrepreneurship in Small Island States and Territories (Edited by Baldacchino Godfrey), 218-233.  New York: Routledge.  (ISBN:9781138789982)
  2. SIU, R. C. S. and HE M. (2014).  Integration of the Macao gambling room model and the Las Vegas casino resort model.  China’s Macao Transformed: Challenge and Development in the 21st Century (Edited by Yu, Eilo W. Y. and Chan, Ming K.), 97-121.  Hong Kong: City University Press.  (ISBN: 9789629372071)
  3. SIU, R. C. S. (2014).  The economics of Asian casino gaming and gambling.  The Oxford Handbook of the Economics of Gambling (Edited by Leighton Vaughan Williams and Donald S. Siegel), 55-86.  Oxford University Press. (ISBN: 9780199797912)  Leighton Vaughan Williams and Donald S. Siegel
Local Journals
 
  1. SIU, R. C. S. (2015).  A SWOT analysis of Macao’s development as a “world tourism and leisure center”.  Journal of Macau Economy (in Chinese), 39, 27-47.
  2. SIU, R. C. S. and E. Lao (2011).  Strategic issues faced by Macao in the Pearl River Delta regional economic cooperation.  Journal of Macau Economy, 30, 39-61. 
  3. SIU, R. C. S. (2009).  The political economy of Macao’s casino industry: The pattern of evolution, new orders and international dynamics(in Chinese).  Journal of Macao Studies, 55, 65-73.
  4. SIU, R. C. S. (2008).  Macao’s institutional change and evolution of the economic society – Review and Prospects  (in Chinese and Portuguese).  《行政》Macao Public Administration Magazine, 80(2), 255-261.
  5. SIU, R. C. S. (2005).  A new epoch in the Macau economy and its gaming industry.  Journal of Macao Studies, 26, 54-61.
  6. SIU, R. C. S. and CHENG, H. I. (2004).  A matter of urgency: Providing a level-playing competitive environment for Macao’s casino industry.  Journal of Macao Studies, 20, 191-205. 
  7. SIU, R. C. S. and LAM, M. K. and CHAN, S. S. (2002).  The Macao SAR Reserve Fund at the crossroads (in English and Chinese).  AMCM Quarterly, August 2002, 11-31. 
  8. SIU, R. C. S. (1998).  Some issues regarding the demand and supply of money, and the banking system in Macau(in Chinese).  Journal of Macao Studies, 7, 31-49.
  9. SIU, R. C. S. (1998).  Implications of the financial turmoil to Macao’s monetary system (in Chinese).  Estudo Das Politicas de Macau (“Macao Policy Studies”), 2, 71-81.
International Periodicals
 
  1. SIU, R. C. S. (2013).  Updates on the progress of Macao’s casino industry and related education programs.  Japanese Journal of Gambling and Gaming Studies, 9, 7-17.  Japan Academy of Gambling & Gaming Studies, Osaka, Japan.  [ISSN 2815-7350]
  2. SIU, R. C. S. (2009).  2008: A sudden recession in Macao’s expanding casino business.  Game Time Encyclopedia, 2009-2010.
  3. SIU, R. C. S. (2009).  2008: Macau’s mood: Facing challenges and embracing opportunities.  Casino & Gaming International, Issue 2, 2009, 47-51.
  4. SIU, R. C. S. (2008).  After the games in Macao and Singapore, what next?  Casino & Gaming International, Issue 4, 2008, 17-21.
  5. SIU, R. C. S. (2008).  A review of the progress of Macao’s casino industry in 2007.  Game Time Encyclopedia, 2008-2009, 198-199.
  6. SIU, R. C. S. (2006).  The puzzles behind the mania: Macao’s unfinished projects.  Casino & Gaming International, Issue 4, 2006, 59-63.
Local Periodicals
 
  1. SIU, R. C. S. (2010).  The marvel and dilemma in the progress of Macau’s casino industry.  Macau Business, December 2010, 72.  (An invited opinion article about the progress of Macao’s casino business, as part of the issue for the 11th Anniversary of the Macao SAR.)
  2. SIU, R. C. S. (2010).  An attractive proposition.  Macau Business, June 2010, 72.  (An invited opinion article about the business of slot machine in Macao’s casino industry.)
Books
 
  1. GU, Z and SIU R. C. S. (2009).  Macao Gaming Human Resources Issues and Solutions.  Macao, China: Macao Association of Economic Sciences.
  2. SIU, R. C. S. (1999).  A Theory of Multiple Currency: Including a Discussion on the Theory and Strategy of the Currencies under “One Country, Two Systems (in Chinese).  Macao, China: Macau Foundation.
  3. IEONG, W. C. and SIU, R. C. S. (1997).  Macau : A Model of Mini-economy.  Macao, China: University of Macau.
Book Chapters
 
  1. SIU, R. C. S. (2008).  Positive and negative impacts from the rapid growth of Macao’s casino industry to its local human resources market (in Chinese).  The Rapid Growth of Casino Industry and Its Impacts to the Macao Economy and Society, 62-76.  Macao SAR., China: Union of Macao Scholar.
  2. SIU, R. C. S. (2007).  Some suggestions to improve researches for Macao’s economic issues (in Chinese).  澳門人文社會科學:回顱與前瞻 (首屆澳門人文社會科學大會論文集), 172-177.  Macao S.A.R., China: Macao Foundation.
  3. SIU, R. C. S. and MAK, I. M. (2006).  Impacts of the Pan Pearl River Delta Economic Region on the development of Macao’s tourism (in Chinese).  Regional cooperation in Pan-Pearl river Delta and the Adjustment of Macau’s Orientation, 291-306.  Macao S.A.R., China: Centre for Macau Studies, University of Macau.
  4. SIU, R. C. S. (2004).  A preliminary investigation on the opportunities and challenges faced by Macao’s Small and Medium Enterprises (SMEs) with the opening of the casino industry.  The Development of Small and Medium Enterprises (SMEs) and the Enhancement of Comprehensive Competitiveness, 87-107.  Macao S.A.R., China: Centre for Macau Studies, University of Macau.
  5. SIU, R. C. S. (2004). A preliminary discussion on a comprehensive plan for the development of Macao’s casino industry (in Chinese).  Macao 2004.  Macao S.A.R., China: Macau Foundation.
  6. SIU, R. C. S. and WU, C. L. (2003).  The role of Macau’s tertiary production in the regional economic cooperation system (in Chinese).  東盟、日本與中國人地區經貿合作 (林華生、鐃美蛟主編), 340-356.  Singapore: World Scientific Publishing Co. Pte. Ltd..
  7. SIU, R. C. S. (2001). Public expenditure and Macao’s economic growth (in Chinese).  Macau 2001, 175-186.  Macao S.A.R., China: Macau Foundation.
  8. SIU, R. C. S. (2000).  The foundation of Macau’s multi-currency phenomenon.  Leading Issues of the Macau Economy, 186-212.  Macao S.A.R., China: Macau Foundation.
Conference/Seminar Papers
 
  1. SIU, R. C. S. (2016).  Path dependence in the industrial development of casino gaming: The lesson from Macao.  Presented in the 16th International Conference for Gambling and Risk Taking, in Las Vegas, USA, June 6-10, 2016.
  2. SIU, R. C. S. (2013).  The interplay between law, development and spillover effects of casino gaming: Theory and the Asian evidences.  Presented in the 15th International Conference for Gambling and Risk Taking, in Las Vegas, USA, May 27-31, 2013.
  3. SIU, R. C. S. and HE, M. (2013).  A public choice perspective on the progression of casino gaming.  Presented in the 15th International Conference for Gambling and Risk Taking, in Las Vegas, USA, May 27-31, 2013.
  4. SIU, R. C. S. and Yuan, J. (2013).  Are lottery players affected by random shock? Evidence from China’s individual lottery betting panel data.  Presented in the 15th International Conference for Gambling and Risk Taking, in Las Vegas, USA, May 27-31, 2013.
  5. SIU, R. C. S. (2010).  A concept reconsideration of the price issues with casino gaming.  Presented in the 70th International Atlantic Economic Society Conference, in Charleston, South Carolina, USA, October 11-13, 2010.
  6. GU, Z and SIU R. C. S. (2009).  Macao gaming labor force needs: The near-future and long-range projections.  Presented in the 6th International Conference and Forum on Gaming Industry and Public Welfare, in Macao Polytechnic Institute, Macao SAR, December 1-3, 2009.
  7. SIU, R. C. S. (2009).  A financial analysis of the integration of the Vegas casino resort model and the Macao gambling room model.  Presented in the 14th International Conference on Gambling and Risk-Taking, in Lake Tahoe, Nevada, USA, May 25-29, 2009.
  8. SIU, R. C. S. (2008).  An institutionalist perspective on casino gaming and economic development.  Presented in the Symposium of the Southern Economic Journal – Gambling, Prediction Markets and Public Policies, in Days Hotels, Nottingham, UK, September 15-16, 2008.
  9. LI, G.. Q. And GU, X. H. and SIU, R. C. S. (2008). The impact of gaming expansions on economic growth: A theoretical reconsideration.  Presented in the Symposium of the Southern Economic Journal – Gambling, Prediction Markets and Public Policies, in Days Hotels, Nottingham, UK, September 15-16, 2008.
  10. SIU, R. C. S. (2007).  Positive and negative impacts from the rapid growth of Macao’s casino industry to its local human resources market (in Chinese).  Presented in the Conference on Impacts to the Macao Economy and Society Following the Rapid Growth of Its Casino Industry, at University of Macau, Macao SAR China, November 22, 2007.
  11. SIU, R. C. S. (2007).  Is casino gaming a productivity sector?  A conceptual and cross-jurisdiction analysis.  Presented in the Economica Special Issue Conference on “The Growth of Gambling and Prediction Markets: Economic and Finance Implications”, at University of California, Riverside, Palm Desert Graduate Center, Palm Desert, California, USA, May 20-22, 2007.
  12. LAI, R. N. L. and SO, R. W. and SIU, R. C. S. (2007).  What does a concept attract?  The case of gaming in Macau.  Presented in the Economica Special Issue Conference on “The Growth of Gambling and Prediction Markets: Economic and Finance Implications”, at University of California, Riverside, Palm Desert Graduate Center, Palm Desert, California, USA, May 20-22, 2007.
  13. SIU, R. C. S. (2006).  Formal rules, informal constraints, and industrial evolution ¾ The case of the Junket Operator Regulation and the transition of Macao’s casino business.  Presented in the 13th International Conference on Gambling and Risk-Taking, in Lake Tahoe, Nevada, USA, May 22-26, 2006.
  14. EADINGTON W. R. and SIU, R. C. S. (2005).  Between law and custom – examining the interaction between legislative change and the evolution of Macao’s casino industry.  Presented in the
    -     First Conference of the Asian Academic Network on Commercial Gaming. Organized by Osaka University of Commerce, Japan and University of Macau, July 24-25 2005.
    -     Singapore Economic Review Conference 2005. Organized by the Singapore Economic Review, Singapore, August 4-6 2005.
  15. SIU, R. C. S. (2004).  A preliminary investigation on the challenges and opportunities faced by Macao’s SMEs with the opening of the casino industry.  Presented in the Conference on Improving the Competitiveness of Macao’s SMEs, University of Macau, Macao, China, July 16-17 2004.
  16. SIU, R. C. S. (2004).  A new epoch in the Macao economy and its gaming industry.  Presented in the Asian Gaming Expo and Conference – Insights and Opportunities, Fullerton Hotel, Singapore, May 11-12 2004.
  17. SIU, R. C. S. and CHENG, H. I. (2003).  Table games or slots? A strategic issue faced by the new casinos in Macao.  Presented in the International Conference for the Prospects of the Asia-Pacific Casino Industry, Kangwon Land Casino, South Korea, December 6-8 2003.  Conference Proceeding, pp. 63 – 113.
  18. SIU, R. C. S. and CHENG, H. I. (2003).  The urgency of providing a level-playing competitive environment for Macao’s casino industry.  Presented at the Macao’s Comprehensive Competitiveness and Relationship with Its Neighborhood Conference,  University of Macau, Macau, Macao, China, July 24-26 2003.
  19. SIU, R. C. S. (2003).  Behind the opening of Macao’s gaming Industry – social and economic reconsideration.  Presented in the 12th International Conference on Gambling and Risk-Taking, in Vancouver, Canada, May 26-30 2003.
  20. SIU, R. C. S. and WU, C. L. (2000).  The role of Macau’s tertiary production in the regional economic cooperation system (in Chinese).  Presented in the CSCE VII (“The 7th International Conference on the Greater China Economic Co-operation System”): Tokyo Conference, Tokyo, Japan, November 2-4 2000.
  21. SIU, R. C. S. (1999).  The progress of the public financial institutions in the Ming and Qing Dynasties.  Presented in the Coloquio Internacional Daxiyangguo : Portugal, Macau e as Relacoes Europa/China, in Lisbon, Portugal, October 21-24 1999.
  22. SIU, R. C. S. (1996).  A discussion on the multi-currency issues under “One Country, Two Systems”(in Chinese).  Presented in the Seminar of North-East Asia Economic Cooperation, Renmin University of China, Beijing, October 21-22 1996.
  23. SIU, R. C. S. and TAM, C. W. (1993).  Money, credit and banking system in China.  Presented  in the Australia’s Third Biennial Conference, Griffth University, July 4-8 1993.

Faculty of Business Administration
University of Macau