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Sunhyung Lee

Assistant Professor, Economics

BA, Dickinson College
PhD, University of Oklahoma
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Sunhyung Lee is an Assistant Professor of Economics in the Feliciano School of Business at Montclair State University. His primary research fields are international economics and macroeconomics. Before joining MSU, he was an associate research fellow at the Korea Institute for International Economic Policy. He also regularly advised Samsung employees and managers on international economics. He has publications in prominent journals, such as Economic Inquiry and International Review of Economics and Finance.


International Economics, Macroeconomics


  • The Digital Divide: How Computerization Shapes the Decline of Self-Employed Entrepreneurs (with Yao-yu Chih and Zexuan Liu)
  • Robots and Global Supply Chains
  • Global Value Chain and Disaster (with Hyoungmin Han)
  • Reallocating Global Investment and Production: Multinational Firms' Response to Economic Policy Uncertainty (with Daisoon Kim)
  • FDI and Firm Performance: Evidence from S&P 500 Companies (with Yunsen Wang)
  • Differential Effects of Fiscal Decentralization: Local Revenue Share vs. Local Fiscal Autonomy
  • Bilateral FDI and Growth: An Establishment-level Analysis

Professional Experience

  • Assistant Professor, Montclair State University (2021 - Present)
  • Associate Research Fellow, Korea Institute for International Economic Policy (2020 - 2021)

Honors & Awards

  • Chong Liew Outstanding First-Year Graduate Student Award, University of Oklahoma (January 2014)
  • Provost's Certificate of Distinction in Teaching, University of Oklahoma (January 2015)
  • Chong Liew Research Award, University of Oklahoma (January 2015)
  • Kondanassis Award for Most Outstanding Paper in Development Economics, University of Oklahoma (January 2018)
  • Bullard Dissertation Completion Fellowship, University of Oklahoma (January 2017)
  • Separately Budgeted Research, Montclair State University (July 2023)

Refereed Published Articles

  • J. Kim, S. Lee (2018). An Efficient Sequential Learning Algorithm in Regime-Switching Environments. Studies in Nonlinear Dynamics & Econometrics
  • O. Gharehgozli, S. Lee (2022). Money Supply and Inflation After COVID-19. Economies
  • S. Lee, Z. Liu, H. Yu (2021). Heterogeneous Price Effects and Increased Price Dispersion from Quantity-based Congestion Management. Economic Inquiry
  • F. Demir, S. Lee (2022). Foreign Direct Investment, Capital Accumulation, and Growth: The Rise of the Emerging South. International Review of Economics and Finance