Publications in English A. Journal Articles and Book Chapters 1. Sufficient Conditions for Negative Exponential Densities: A Further Analysis, Journal of Regional Science 27, May 1987: 295-298 (with John F. McDonald) 2. Korean Development and Urbanization: Prospects and Problems, World Development 16, January 1988:157-167 (with Edwin S. Mills) 3. An Analysis of Inefficiency Due to Inadequate Mortgage Financing: The Case of Seoul, Korea, Journal of Urban Economics 28, November 1990: 371-390 4. An Analysis of Optimality of Housing Investment in Korea, International Economic Journal 5, Spring 1991: 91-104 (with Seoung-Hwan Suh) 5. Urbanization and Regional Development, in Korean Economic Development, ed, by Jene K. Kwon (Greenwood Press, 1990): 411-427 (with Edwin S. Mills) 6. Comparative Static Analysis of a Monocentric City: The Indirect Utility Function Approach", Seoul Journal of Economics 4(3),1991: 189-198 (with Seoung Hwan Suh) 7. Land Use Controls and Housing Prices in Korea, Urban Studies 30(3) 1993: 147-156 (with Lawrence M. Hannah and Edwin S. Mills) 8. Housing Prices, Affordability and Government Policy in Korea, Journal of Real Estate Finance and Economics 6(1), January 1993: 55-72 9. Speculation and Price Bubble in the Korean and Japanese Real Estate Markets, Journal of Real Estate Finance and Economics 6(1), January 1993: 73-88 (with Seoung Hwan Suh) 10. Housing Finance: Habitat II and the Way Ahead, Housing Finance International, September 1993: 23-25,43 11. Financing Shelter and Urban Development Towards Habitat II, Housing Finance International, December 1994 12. Access to Credit, Terms of Housing Finance and Affordability of Housing", Housing Finance International, June 1995 13. Controlled Growth and Densification: The Case of Seoul, Korea, Proceedings of the Second Annual World Bank Conference on Environmentally Sustainable Development, Washington D.C., September 1995 14. "Municipal Finance and Integrated Urban Infrastructure Development" in Integrated Urban Infrastructure Development in Asia, ed by K Singh, F. Steinberg and N. von Einsiedel (Oxford and IBH, New Delhi, June 1996) : 315-328 15. "Non land-based Sources of Municipal Revenue in Korea", in -1-
. Increasing the Income of Cities, ed. by O.P. Mathur and N. von Einsiedel, Centax Publications, New Delhi, June 1996): 107-170 16. Improving Local Government Finance in A Changing Environment, Habitat International 21(1), 1997: 17-28 17. "Housing Finance and Urban Infrastructure Finance", Urban Studies, 34(10), Special Issue on Habitat II, October 1997 : 1597-1620 18. "Housing Finance in Korea: Recent Trends and Future Prospects", Housing Finance International, XII (2), December 1997: 56-61 19. "Analysis of Urban Land Shortages: The Case of Korean Cities", Journal of Urban Economics 43, May 1998: 362-384 (with Jae-Young Son) 20. Government Policies to Control the Growth and Decentralization of Large Urban Areas: International Experiences and Implications for Korea", International Journal of Urban Studies, 2(2) Winter 1998: 131-141 (with Edwin S. Mills) 21."Expectations and Housing Price Dynamics Following Deregulation in Korea", International Real Estate Review 2(1), 1999 :126-142 (with C-H Kim) 22."Political Economy of Government Policies on Real Estate in Korea", Urban Studies 37(7), June 2000: 1157-1169 (with C-H Kim) 23. Could A Price Bubble Have Caused the Korean Economic Crisis? in Asia s Financial Crisis and the Role of Real Estate, edited by Koichi Mera and Bertrand Renaud, Sharpe, September 2000: 99-114 24. Spatial Policies towards the Seoul Capital Region, GeoJournal 53, 2001:17-28 25. Short-term Leases, Long-term Investments and Transferable Goodwill, Journal of Housing Economics 10, 2001: 162-175 26. Compensation for Regulatory Takings in the Virtual Absence of Constitutional Provision: The Case of Korea", Journal of Housing Economics 11, 2002: 108-124 (with C-H Kim) 27. Housing and the Korean Economy, Journal of Housing Economics 13(4), 2004: forthcoming B. Other Papers 1. Municipal Finances in Korea: 1977-82, Water Supply and Urban Development Department (WUD) Working Paper 64, The World Bank, January 1985 2. Financial Performance of Public Enterprises in Korea, mimeo, The World Bank, Korea Division, August 1985 3. Local Government Finances in the Seoul Region: Implications for Urban Deconcentration Policies, WUD Working Paper 88, The World Bank, Nov. 1985 (with Dong Hoon Chun and Kyu Sik Lee) -2-
4. Korean Government Policy toward Seoul's Greenbelts, The Korea Research Institute for Human Settlements, Working Paper 86-02, 1986 (with Edwin S. Mills & Byung Nak Song) 5. Regional Development and Regional Policy: Experience of Japan and Korea, in Sogang Economic Papers 20, 1992 6. Land Use Regulation and Urban Housing Market, presented at the 12th EAROPH Congress, Seoul Korea (Sep. 1990) 7. Housing Finance and Housing-Related Taxes in Korea", paper presented at the International Conference on Korean Housing Policy, Seoul, Korea (Nov. 1990) 8. Housing Prices, Affordability and Government Policy in Korea, World Bank Internal Discussion Paper Asia Regional Series, Report No. IDP 99, July 1991 9. Policy for Public Housing Finance in Korea, in Prospects on Housing Policy and Technology Development for the 21th Century : Proceedings of the International Symposium on Housing Commemorating the 30th Anniversary of the Korea National Housing Corporation, June 1992 : 88-113 10. The Quality of Urban Environment, Government Policy and Public Perception in Korea, mimeo (with Sungwon Lee) 11. Urban Finances in Selected Asian Countries: Thailand, Indonesia, Philippines and India, mimeo., UNCHS, April 1993 12. Urban Finances in Selected Eastern and Southern African Countries, mimeo., UNCHS, April 1993 13. Real Estate Markets and Forecasts for Korea, paper presented at the Asia Pacific Real Estate Conference, Auckland, New Zealand, September 1993 14. The Quality of Urban Environment, Government Policy and Public Perception in Korea, prepared for the City 93 Conference, Antwerp, Belgium, November 1993 15. Urban Finances in the Palestinian Municipalities, mimeo. UNCHS, February 1994 17. Economic and Financial Considerations of Land Markets, presented at the International Symposium on Chinese Land Markets, Beijing, May 1994 18. Decentralization and Local Government Finance, presented at the Regional Workshop on National Urbanization Strategies and Local Government Development in the Context of Decentralization, Bandung, Indonesia, September 1994 19. "Property Taxation and Property Tax Reform in Asia: Some Relevant Lessons for African Countries, in Property Tax in Eastern and Southern Africa, Municipal Development Programme, Working Paper 2:12-21 (http://www1.worldbank.org/wbiep/decentralization/afproptx.htm) 20. "Private Sector Participation in Urban Infrastructure Finance", presented -3-
at the Arab States regional conference on the future of Arab cities, May 1996, Amman, Jordan 21. "Housing Finance for the Poor", paper presented at the Housing Conference, organized by the Hong Kong Housing Authority, May 1996 22. "Sustainable Financing Strategies for Housing and Urban Development: A Contribution to the City Summit", UNCHS, Nairobi, June 1996 23. Local Autonomy and Local Government Finance in Korea", presented at the International Seminar on Fiscal Decentralization, Ho Chi Min City, April 1997 24. "Revenue Sharing and Performance Indicators in Korea", presented at International Seminar on Revenue Sharing and Performance Indicators, Bangkok, August 1997 (with M.H. Huh) 25. Introduction to Economic Development in Korea", Technical Training Program on Human Settlements Planning, Korea Research Institute for Human Settlements and Korea International Cooperation Agency, September 1997 26. "Government Intervention and Performance of the Housing Sector", presented in the International Conference on Housing Policy, November 1997, Seoul 27. "Recent Trends in the Real Estate Market in Korea", paper presented at the panel on housing market development in Asia, Asia Real Estate Society Third Annual Conference, Taipei, August 1998 28. "Consequences of the Korean Economic Crisis on Housing and Urban Services", Habitat Debate, (UNCHS), 4(3), 1998 29. An Empirical Analysis of Seoul s Office Market, presented at Asia Real Estate Society Fifth Annual Conference, Beijing, August 2000 (with J-Y Son) 30. Real Estate Price Bubble and Price Forecasts in Korea, presented at Asia Real Estate Society Fifth Annual Conference, Beijing, August 2000 (with H.S. Lee) 31. Land Market and Land Policy Issues: A Critical Survey, Sogang Economic Papers, May 2001: 169-199 32. Regulation of Size Distribution of New Apartments: Consequences and Social Cost, presented at the AsRES-AREUEA Joint International Conference, Seoul, July 2002 (with Chung-Ho Kim) 33. What Drives Land Use Regulations in Korea?, presented as presidential address at the AsRES-AREUEA Joint International Conference, Seoul, July 2002 (with Chung-Ho Kim): (revised version May 2003) 34. Real Estate Price Dynamics in Korea, paper presented at the Weimer School, May 2003 (with Hahn-Sik Lee and Young-Joon Park) 35. The Impact of Government Intervention in Housing Markets in Korea, prepared for a special issue of Cities, September 2002 (forthcoming in 2004) -4-
36. Housing and the Korean Economy, paper presented at International Workshop on Housing and the Macroeconomy, Chinese University of Hong Kong, August 2003 (forthcoming in the special issue of Journal of Housing Economics, December 2004) 37. Spatial policies towards the Seoul Capital Region and Implications for Metropolitan Competitiveness, presented at International Seminar on Forward-looking policies towards the Capital Regions, Seoul, June 2004 (with Jae-Young Son) 38. Cross-Country Models of Housing Tenure, Rents and Asset Prices: The Effects of Regulations and Institutions, paper presented at the AREUEA International Conference, Fredricton, July 2004 C. Publications in Korean Books 1. Urban Economics: Theory and Policy, 1994, Second edition 1998; Third edition 2002, Hong-Moon Sa (with Seoung-Hwan Suh) 2. Market Mechanisms and Popular Knowledge in Economics (with C-H Kim and Y-W Ha), Korea Economic Research Institute, 1994 3. An Economic Approach to Spatial Policies towards the Seoul Capital Region, Sogang University Press, 2002 (with M-H Park and J-Y Son) 4. Mankiw s Principles of Economics (translation with J.S. Kim), Kyobo Books, 1999 (second edition, 2001) Journal articles and other reports 40 journal articles 21 project reports D. Operational Interventions in Developing Countries 1. Global Research and Synthesis -Co-ordination of Habitat II preparatory activities on housing and municipal finance (organized 4 regional activities and 1 global conference with various partners; organized the Habitat Dialogue on Finance at Habitat II with the World Bank; produced a synthesis paper on financing strategies for housing and urban development) -managed a UMP(Urban Management Programme) IB on fighting municipal malfeasance produced by Robert Klitgaard -managed a UMP IB on good practice in municipal finance and administration 2. Africa -5-
-missions to assess and provide advice on municipal finance and administration in Nairobi, Kampala, Harare and Windhoek -to conduct training in municipal finance and administration for central and local government officials in Namibia, forthcoming in February 1997, joint activity between Municipal Development Program and UNCHS -UNCHS focal point on housing finance in dealing with Shelter Afrique and African Union of Housing Finance Institutions -resource person in many workshops on municipal finance and housing finance 3. Asia -Principal consultant for the Cities Development Strategies (CDS) Monitoring Indicators Project for 5 cities in China -missions to assess and provide advice on municipal finance and administration in Bangkok, Manila, New Delhi and Jakarta -member of panel of experts in municipal finance for the Urban Management Programme -Asia Pacific -missions to assess and provide advice on housing finance in Indonesia and the Philippines in conjunction with UNCHS projects (provided in puts for the preparation of Project Documents and involved in follow-up activities) -resource person in many workshops and seminars in municipal finance and housing finance -principal consultant for development of City Development Studies indicators for three Chinese cities 4. Arab States -mission to assess and provide advice on municipal finance in Palestine (produced a Project Document ) -missions to assess and provide advice on housing finance in Jordan 5. Latin America and Caribbean -resource person at housing and urban finance conference in held in Brazil -mission to assess and provide advice on housing finance in Jamaica -6-