Zhongmin Wu


Nottingham Business School

Staff Group(s)
Applied Economics and Policy (Research Group)


Zhongmin is a Reader in Economics. His research areas are labour economics, China economy and its labour market, and applied econometrics. Zhongmin has contributed to NTU for both RAE 2008 and REF 2014. For REF 2020, so far Zhongmin has published two papers in ABS 3* journals and two papers in ABS 2* journals. Zhongmin is working towards the new criteria.

Zhongmin’s teaching responsibilities include supervising undergraduate and postgraduate dissertations. He has teaching interests in Labour Economics, Applied Econometrics, China and the global economy. Zhongmin has designed and is delivering the China and Global Economy module. This module has sustained excellence in research-informed teaching.

Currently Zhongmin supervises two DBA students and one PhD student, with three different supervision teams. Over last two years, two PhD students and one DBA student graduated under Zhongmin’s supervision. All these three students have received their Doctor degree and are working in their new posts. Three journal articles have been published jointly as the results of the supervision.

Career overview

Zhongmin received his PhD in Economics from the University of Southampton in 2001, and PGCHE from the University of Bradford in 2006. Zhongmin become a fellow of HEA in 2014.

Before he came to the UK, Zhongmin was Lecturer (1987 – 1992) and then Associate Professor (1992 – 1997) at Dongbei University of Finance and Economics. He received BSc from Jilin University in 1982, and MSc in Economics from Shanghai University of Finance and Economics in 1987.

Zhongmin was Former President of the Chinese Economic Association in the UK(2007-2008). He organised the CEA (UK) 18th Annual Conference in Nottingham (April 2007) and co-organised the CEA (UK) and CCES joint international conferences in Shanghai (September 2007). Before that, Zhongmin won the Best Paper Award by the Chinese Economic Association in the UK (2003 and 2002).

Research areas

Zhongmin’s research has focused on Labour Economics: migration, unemployment, employment, multiple job holding, self-employed and entrepreneurship, both in the UK and in China. His strength is on applied econometrics. His research mainly uses econometric analysis of panel data.

One of Zhongmin’s research was published in “Economics Letters” (ABS 3*). The key finding of this research is that that inheritance has a concave effect on the hours worked by British male entrepreneurs. As the principal investigator and corresponding author, Zhongmin has very good experiences in dealing with the referee and the editor, Professor Eric Maskin (Nobel economics prize winner). Zhongmin, as the principal investigator and corresponding author, has published another very good research paper in the Industrial Relations Journal (ABS 3*) in 2016. The co-authors include Professor Andrew Atherton, Deputy Vice-Chancellor at Lancaster University, and Professor João R. Faria at the University of Texas at El Paso.

Overall Zhongmin has published more than 20 articles in 16 Journals including Economics letters, Industrial Relations Journal, Journal of Development Studies, Regional Studies, Annals of Operations Research, Applied Economics, China Economic Review, Economics of Planning, Journal of Chinese Economic and Business Studies, Journal of Economic Studies, and North American Journal of Economics and Finance. Zhongmin edited two books 'China in the World Economy' and 'Financial Sector Reform and the International Integration of China', both published by Routledge in 2009.

Currently Zhongmin is working on the following projects:

Human capital and the costs and benefits of being self-employed: an assessment of the effects on hours worked and income. Considering self-employment in the UK over two decades, we analyse the effects of human capital on outcomes of entrepreneurial activity, in terms of hours worked, and monthly profits. Entrepreneurs with higher human capital enjoy higher incomes and greater flexibility in working hours. However, those with lower human capital are more likely to have negative returns, and so experience ‘self-exploitation’ from entrepreneurship (with Atherton et al)

Economic shocks on subjective well-being: Re-assessing the determinants of life-satisfaction after the 2008 financial crisis. Using the British Household Panel Survey and Understanding Society - UK Household Longitudinal Study from 1996 to 2014, this paper shows that the ranking of the satisfaction domains is group-based suggesting a “keeping up with the Joneses” effect linked to the housing bubble (with Charles et al)

Macro Stress Testing in the Banking System of China. In this paper we develop a framework for macro stress testing of China’s banking system (with Jiang et al)

The role of entrepreneurs in economic growth from the employment perspective. This paper aims to determine how employment in private sector supports the regional economy growth through development of entrepreneurship in SMEs (with Atherton et al)

Non-performing Loan, Macroeconomic Performance, and the determinants of banking distress in Regional China. Using data from 2002 to 2011 for 31 regions in China, this paper examines the determinants of non-performing loan for regional China (with Jiang et al)

External activity

Former President of the Chinese Economic Association in the UK(2007 - 2008)

Principal organiser of CEA (UK) 18th Annual Conference in April 2007

Co-organiser of CEA (UK) and CCES joint international conferences in Fudan University, Shanghai (September 2007)

Board member of the Chinese Economic Association in the UK

Editorial board member of the Journal of Chinese Economic and Business Studies

External Examiner of the thesis submitted to the University of Essex

In June 2016, Asian Economic Panel invited Zhongmin as an invited discussant with all expenses paid at the Economic Forum Dedicated to Formulating the Best Practical Solutions at University College Dublin, Ireland.

In June 2008, the Eurasian Economic Club of Scientists invited Zhongmin as a guest speaker with all expenses paid for the First Astana Economic Forum, Astana, Republic of Kazakhstan.

Zhongmin has regularly presented at international conferences. For example, in September 2015 Zhongmin presented at an international conference held at Beijing University, and in September 2016 Zhongmin presented at the 27th CEA Annual conference, University of Duisburg-Essen, Germany

On the 2nd of September 2015, Zhongmin presented at Jilin University on "Academic research and assessment in the UK". The organiser had to change to a larger lecture room due to the popularity of the talk. Jilin University is one of top universities in China (project 985 and 211). On the 8th of September 2015, Zhongmin presented “Well-Known Scholar Lecture” at Dongbei University of Finance and Economics. The presentation was very well received and he was requested to present again on the 9th of September for all members of academic staff. On the 15th of September, Zhongmin presented “Overseas Scholar Lecture” at Shandong University, which is another one of the top universities in China (project 985 and 211).

Zhongmin has worked as Referee for various academic journals, including Applied Economics, Asian Economic papers, British Journal of Industrial Relations, Environment and Planning A, Journal of Chinese Economic and Business Studies, Journal of Comparative Economics, Journal of Economic studies, Journal of Population Economics, Regional Studies, Small Business Economics, World Development, and World Economy.

Sponsors and collaborators

As a NTU employee, Zhongmin has developed strong collaborations and published jointly with 12 other HEIs and relevant bodies, such as Chinese Academy of Social Sciences (Professor Meiyan Wang, Professor Yang Du, and Professor Fang Cai), Jilin University (Professor Zheng Li and Dr Yan Zhao), Lancaster University (Professor Andrew Atherton), National Bureau of Statistics of China (Liquan Peng and Laiyun Sheng), Renmin University of China (Professor Zhong Zhao), University of Bath (Dr Aurelie Charles), University of Bradford (Dr Mark Baimbridge), University of Kent (Professor Yu Zhu), University of New Hampshire (Dr Le Wang), University of Nottingham (Dr Jinmin Wang), University of Southampton (Dr Jan Podivinsky), and University of Texas at El Paso (Professor João R. Faria).

Zhongmin has collaborated in research initiatives and published jointly with other researchers within NTU such as Daniel Wheatley, Phillipa Marsh, and Daizhong Su.

Zhongmin has secured research income for “The Impact of Migrants’ Remittances on Consumption and Savings in Rural China” from British Academy for £7,497 (with Professor Yu Zhu, University of Kent, 2007-2009), and has published two research papers from this financial support.


Atherton, A., Faria, J., Wheatley, D., Wu, D. and Wu, Z., (2016) "The decision to moonlight: does second job holding by the self-employed and employed differ?" Industrial Relations Journal 47 (3), 279-299

Wu, D. and Wu, Z., (2015) Intergenerational links, gender differences, and determinants of self-employment, Journal of Economic Studies, 42 (3), 400-414

Wheatley, D. and Wu, Z., (2014) "Dual careers, time-use, and satisfaction levels" Industrial Relations Journal, 45(5): 443-464

Zhu, Y., Wu, Z., Peng, L. and Sheng, L., (2014) “Where Did All the Remittances Go?” Applied Economics, 46(12), 1312-1322

Faria, J. and Wu, Z., (2012) From Unemployed to Entrepreneur: The role of Absolute Bequest Motive, Economics Letters, 114 (1), 120 – 123

Zhu, Y., Wu, Z., Wang, M., Du, Y. and Cai, F., (2012) “Do Migrants Really Save More?” Journal of Development Studies, 48(5), 654-672

Wu, D. and Wu, Z., (2012) “Crime, Inequality and Unemployment in England and Wales”, Applied Economics, 44 (29), 3765 – 3775

Faria, J., Wang, L. and Wu, Z., (2012) "Debts on debts", North American Journal of Economics and Finance, 23(2), 203-219

Wu, Z., Baimbridge, M. and Zhu, Y., (2009) “Multiple Job Holding in the UK” Applied Economics 41 (21), 2751-2766

Wu, Z. and Yao, S., (2006) “On Unemployment Inflow and Outflow in Urban China” Regional Studies, 40 (8), 811 – 822

Liu, W., Sharp, J. and Wu, Z., (2006) “Preference, Production and Performance in Data Envelopment Analysis” Annals of Operations Research, 145 (1), 105 – 127

Wu, Zhongmin, (2004) “Regional Unemployment in Transitional China: A Theoretical and Empirical Analysis” Economics of Planning, 36 (4), 297-314

Wu, Z. and Zhu, Y., (2004) “Income Differential and Out-migration” Journal of Chinese Economic and Business Studies, 2 (1), 27-37

Wu, Zhongmin, (2003) “The Persistence of Regional Unemployment: Evidence from China” Applied Economics, 35 (12), 1417-1421

Wu, Z. and Yao, S., (2003) “Inter-migration and Intra-migration in China” China Economic Review, 14 (4), 371-385

See all of Zhongmin Wu's publications...

Press expertise

Zhongmin can offer comment on migration, unemployment, employment, multiple job holding, self-employed and entrepreneurship, both in the UK and in China.