Professor Neale - 1

Head of Department, Economics

School of Business

grace.lee@monash.edu
603 5514 6285
Room 6-5-19

Dr. Grace Lee Hooi Yean is an Associate Professor of Economics and Head of the Department of Economics with Monash University Malaysia. She is also the chair of ‘Monash Volunteers’, a campus-wide initiative to make a demonstrable and positive impact on the communities in which we serve. Grace has over fifteen years of teaching experience in the field of Economics. She has taught courses in economics to undergraduate and post-graduate students. She is currently serving as a member of the Peer Review Team for ASBEST21 Accreditation (The Alliance on Business Education and Scholarship for Tomorrow, a 21st century organization). In addition, she is also the external reviewer for various programmes offered by private universities in Malaysia.

Her principal areas of interest are international economics, labour economics and social economics. She has supervised many honours and PhD students in the said areas. She has been involved as the principal investigator of World Values Survey for Malaysia. Her research findings have been presented at international conferences and published in high ranked international journals such as Applied Economics, Economic Modelling, Public Choice, Journal of Asian Economics, Journal of the Japanese and International Economies and Journal of the Asia Pacific Economy. In addition, she is also a panel member of Institutional Evaluation Panel for External Research Grants at Monash University. She received various Teaching Prizes and PVC’s Awards for Excellence in Teaching and Research. Prior to her academic profession, she was a business consultant in a multinational consultancy firm.

Academic Qualifications

Doctor of Economics
Institution University Putra Malaysia
Year awarded 2008
Master of Art
Institution Memorial University of Newfoundland, Canada
Year awarded 1997
Bachelor of Arts
Institution Memorial University of Newfoundland, Canada
Year awarded 1996

Membership in Associations and International Bodies

Membership Economic Modelling
Role Reviewer
Duration 2009 - 2013
Membership Applied Economics
Role Reviewer
Duration 2008 - 2009
Membership Japan and The World Economy
Role Reviewer
Duration 2009

Areas of Expertise

1 International Economics
2 Labour Economics
3 Social Capital

Teaching

Subject CodeSubject
ECW1101 Introductory Microeconomics
ECW1102 Introductory Macroeconomics
ECW3301 Case Studies in International Trade

Book Chapters

* Lee, G.H.Y., ‘Gold Dinar as Common Currency for Islamic Countries’ in Contemporary Issues in Islamic Business and Economic Development, edited by Adnan Trakic and Hanifah Haydar Ali Tajuddin; 2nd edition (Malaysia: The Malaysian Current Law Journal, 2016).
* Lee, G.H.Y.(2014) ‘The Islamic Gold Dinar: Monetary Union among the Islamic Countries’ in Contemporary Issues in Islamic Business and Economic Development, edited by Mahendhiran Nair, Grace HY Lee and Jothee Sinnakkannu

Scholarly Journals

* Koh, S.G.M., Lee, G.H.Y, & Bomhoff, E. (2016) The Dynamics of Public Opinion towards Inequality in Malaysia, Journal of the Asia Pacific Economy, Vol 21 (4), pp. 578-598
* Siah, K.L., & Lee, G.H.Y. (2015). Female Labour Force Participation, Infant Mortality and Fertility in Malaysia, Journal of the Asia Pacific Economy, Vol 20 (4), pp. 613-629.
* Lee, G.H.Y., & Parasnis, J. (2014). Discouraged Workers in Developed Countries and Added Workers in Developing Countries? Unemployment Rate and Labour Force Participation, Economic Modelling, Vol 41, pp. 90-98.
* Lee, G.H.Y., & Lee, S. P. (2014). Childcare Availability, Fertility and Female Labour Force Participation in Japan, Journal of the Japanese and International Economies, Vol 32, pp.71-85.
* Liyanage D.H.P., & Lee, G.H. Y. (2013). Have Economic Growth and Institutional Quality Contributed to Poverty and Inequality Reduction in Asia? Journal of Asian Economics, Vol. 27, August, 71-86.
* Lee, G.H. Y., & Azali, M. (2012). Is East Asia an Optimum Currency Area?. Economic Modelling, 29(2), 87-95.
* Lee, G.H. Y., & Azali, M. (2012). Is East Asia an Optimum Currency Area?. Economic Modelling, 29(2), 87-95.
* Bomhoff, E., & Lee, G.H. Y (2012). Tolerance and Economic Growth Revisited: A Note. Public Choice, 153(3), 487-494.
* Lee, G .H. Y. (2011). Gold Dinar for the Islamic Countries?. Economic Modelling, 28(4), 1573-1586
* Lee, G. H. Y. (2011). Aggregate Shocks Decomposition for Eight East Asian Countries. Journal of the Asia Pacific Economy, 16(2), 215-232.
* Lee, G. H. Y., & Azali, M. (2010). The Endogeneity of the Optimum Currency Area Criteria in East Asia. Economic Modelling, 77(1), 165-170.

Conference Proceedings

* Lee, H. Y., & Bomhoff, E. (2012, December). Tolerance toward homosexuals and economic growth. Paper session presented at the China-ASEAN Symposium, Hefei, China.
* Lee, H. Y., & Bomhoff, E. (2012, December). How general is trust in most people?. Paper session presented at the China-ASEAN Symposium, Hefei, China.
* Lee, H. Y., Abeynayake, S. P. B., & Bomhoff, E. (2012, November). Female age at first marriage and fertility levels: A comparison of developed and developing countries. Paper session presented at the 19th International Business Research Conference by World Business Institute, Melbourne, Australia.
* Lee, H. Y., Gan, S. T.., & Bomhoff, E. (2012, November). Family Ties and Civic Virtues: A Comparison between the East and the West. Paper session presented at the 19th International Business Research Conference by World Business Institute, Melbourne, Australia.
* Lee, H. Y., Shazeen, D., & Bomhoff, E. (2011, November). School resources, parent and GDP: Shaping the future of education. Paper session presented at the 15th International Business Research Conference by World Business Institute, Sydney, Australia.
* Devangi, P., and Lee, H.Y. (2011, November). Have economic growth and institutional quality contributed to poverty and inequality reduction in Asia?. Paper session presented at the 15th International Business Research Conference by World Business Institute, Sydney, Australia.
* Lee, H. Y., & Parasnis, J. (2010, December). Discouraged workers in developed countries and added workers in developing countries? Unemployment rate and labour force participation. Paper session presented at the 52nd Annual Conference of the Indian Society of Labour Economics, Karnatak University, Karnataka.
* Lee, S. P., and Lee, H. Y. (2010, November). Childcare availability, fertility and female labour force participation in Japan. Paper session presented at the Society of Government Economists Annual Conference, George Washington University, Washington D.C.
* Koh, G.M., and Lee, H. Y. (2010, November), The economic feasibility of an optimum currency area in East Asia. Paper session presented at the Globalisation, Monetary Integration and Exchange Rate Regimes (GMIEER) Conference, Perth, Western Australia.
* Gultom, N. D., Lee, H.Y., & Krishnan Guru, B. (2010, November). Southeast Asian stock market dynamic integrations. Paper session presented at the 13th International Business Research Conference by World Business Institute, Melbourne, Australia.
* Lee, H.Y. (2009 August). Trade integration and business cycles in East Asia. Paper session presented at the Singapore Economic Review Conference, Swissotel The Stamford, Singapore.
* Lee, H.Y., & Azali, M. (2007, December). The endogeneity of optimum currency area in East Asia. Paper session presented at the FEP seminar “Managing Knowledge in the Borderless World”, Lumut, Perak, Malaysia.
* Lee, H.Y., & Azali, M. (2005, June). Optimum currency areas in East Asia: A Bayesian State-Spaced based approach. Paper session presented at the 4th Global Conference on Business and Economics, Oxford University.

Local Grants

Title Modelling Female Attitudes Towards Their Supply of Labour
Investigators Dr. Siah Kim Lan (PI)
Dr. Lee Hooi Yean
Prof. Eduard J. Bomhoff
Funding Period Jan 2014 - Dec 2014
Funding Body/Organisation MOSTI - Fundamental Research Grant Scheme (FRGS)
Title Building and Validating a Model for Quality of Education
Investigators Dr. Lee Hooi Yean (PI)
Prof. Eduard J. Bomhoff
Funding Period Apr 2013 - Mar 2014
Funding Body/Organisation MOSTI - Fundamental Research Grant Scheme (FRGS)
Title Building and Validating a Model for Quality of Education
Investigators Dr. Lee Hooi Yean (PI)
Prof. Eduard J. Bomhoff
Funding Period Nov 2013 - Feb 2014
Funding Body/Organisation Monash University Malaysia - SETA Platform
Title Gender, Attitudes and Academics Achievement: Understanding the Cross Cultural Differences
Investigators Dr. Lee Hooi Yean (PI)
Prof. Eduard J. Bomhoff
Funding Period Jan 2012 - Dec 2012
Funding Body/Organisation Monash University Malaysia
Title Modernization in Asian Societies compared to the West - Using the World Values Survey
Investigators Prof. Eduard J. Bomhoff (PI)
Dr. Lee Hooi Yean
Funding Period Jan 2011 - Dec 2011
Funding Body/Organisation Monash University Malaysia
Title The Empirical Desirability of East Asia for Monetary Union
Investigators Dr. Lee Hooi Yean
Funding Period Jan 2009 - Dec 2009
Funding Body/Organisation Monash University Malaysia
Title The Endogeneity of Optimum Currency Area Criteria in East Asia
Investigators Dr. Lee Hooi Yean
Funding Period Jan 2009 - Dec 2009
Funding Body/Organisation Monash University Malaysia

Current Supervision

Student Liyanage Devangi Hanamika, Perera
Title The Importance of the Family In Determining the Quality of Children's Education; (PhD)
Student Geok May, Koh
Title Sustainable Growth in Malaysia : An In-Depth Analysis Into Income Distribution in Malaysia; (PhD)
Student Teo Shin Ee, Jemy
Title Worldwide Patterns in Social Tolerance; (PhD)                                                                                                                          
Student Amanina Abdur Rahman
Title Towards a Malaysian Welfare State: Challenges and Opportunities; (PhD)
Student Soh Yew Chong, William
Title Intergenerational Mobility Under Affirmative Action in Malaysia; (PhD)
Student Aminath Shaba Ismail
Title Gender Role Attitudes And The Labor Market Outcomes Of Women; (PhD)

Completed Supervision

Student Amanina Abdur Rahman
Title The Fear of Crime: A Cross-National Analysis of Causal Factors (BBusCom Honours)
Awarding University Monash University
Student Teo Shin Ee, Jemy
Title Changing Confucian Values and Tolerance towards Homosexuality (BBusCom Honours)
Awarding University Monash University
Student Steven Gunawan
Title Institutional Quality and Trust in Banks in Latin America (BBusCom Honours)
Awarding University Monash University
Student Fathimath Saeed
Title Individual Sources of Political Trust in Young Democracies (BBusCom Post Graduate Diploma)
Awarding University Monash University
Student Serene Tan Zheng Xiew
Title The Shift to the Service Sector: An Analysis of the Malaysian Economy (BBusCom Honours); 2013
Awarding University Monash University
Student Cheong Kay Ann
Title Geographical Distribution of Talent, Creativity and Regional Growth: A Study on South Korea  (BBusCom Honours); 2012
Awarding University Monash University
Student Gan Sue Tee
Title Family Ties and Civic Virtues: A Comparison between The East and The West (BBusCom Honours); 2012
Awarding University Monash University
Student Pamudi Banjitha Abeynayake Senadheerage
Title Marriage timing and fertility levels: A comparison between developed and developing countries (BBusCom Honours); 2012
Awarding University Monash University
Student Liyanage Devangi Hanamika, Perera
Title Have Economic Growth and Institutional Quality contributed to Poverty and Inequality reduction in Asia? (BBusCom Honours); 2011
Awarding University Monash University
Student Shazeen Dhanji
Title School Resources, Parents and GDP: Shaping the Future of Education (BBusCom Honours); 2011
Awarding University Monash University
Student Koh Geok May
Title The Economic Feasibility of an Optimum Currency Area in East Asia (BBusCom PgDip); 2010
Awarding University Monash University
Student Lee Sing Ping
Title Childcare Availability, Fertility and Female Labour Force Participation in Japan (BBusCom Honours); 2010
Awarding University Monash University
StudentNampuna, D. Gultom
Title Southeast Asian Stock Market Dynamic Integrations (BBusCom Honours); 2010
Awarding University Monash University

Local Award

Award Name Pro Vice Chancellor Award of Excellence (Research)
Awarding Body Monash University Sunway campus
Year of award Sem 1, 2011
Project Title Gold Dinar and Business Cycle Studies
Award Name Pro Vice Chancellor Award of Excellence (Teaching)
Awarding Body Monash University Sunway campus
Year of award Sem 2, 2009
Project Title An activity-based approach in teaching Economics
Award Name Pro Vice Chancellor Award of Excellence (Teaching)
Awarding Body Monash University Sunway campus
Year of award Sem 1, 2009
Project Title Classroom Management
Award Name Best Paper at FEP Seminar
Awarding Body University Putra Malaysia
Year of award 2007
Project Title Managing Knowledge in the Borderless World
Award Name Bronze Medal at the Exhibition of Invention, Research & Innovation UPM
Awarding Body University Putra Malaysia
Year of award 2006
Project Title Decomposing the Malaysian Aggregate Shocks Using the Bayesian State-Space Based Approach
Award Name Bronze Medal at the Exhibition of Invention, Research & Innovation UPM
Awarding Body University Putra Malaysia
Year of award 2005
Project Title Optimum Currency Areas in East Asia: A Bayesian State-Spaced Based Approach

Local Presentation

* "Tolerance and Economic Growth" Public lecture at University Putra Malaysia, 26 April 2013.

International Presentation

* Trade integration and business cycles in East Asia. Paper session presented at the Singapore Economic Review Conference, Swissotel The Stamford, Singapore, August 2009.
* The endogeneity of optimum currency area in East Asia. Paper session presented at the FEP seminar “Managing Knowledge in the Borderless World”, Lumut, Perak, Malaysia, December 2007.
* Optimum currency areas in East Asia: A Bayesian State-Spaced based approach. Paper session presented at the 4th Global Conference on Business and Economics, Oxford University, June 2005.