Ruihua Guo.

Hi there! I'm GUO Ruihua 郭瑞华 (pronounced: Kuo Ruey-hwa), and you can call me Ryan. I am a Ph.D. student in Real Estate at the NUS Business School, National University of Singapore, supervised by Prof. Yi FAN and Prof. Binglin WANG. I received my M.S. degree from Cornell University, supervised by Prof. Wendong ZHANG and Prof. Jingwei ZHANG.

My research focuses on the intersection of urban and environmental economics. Specifically, I am currently working on studying the urban challenges and resilience under (1) climate change, (2) transport optimization and accessibility, and (3) housing equality. I apply data-driven empirical methods, including econometrics, causal inference, and machine learning, to address research questions in these fields.

I was born and raised in Anhui. I used to live and study in Beijing, Ithaca and New York City, and now I am living in Singapore.

News

  • “Weathering the Storm” accepted to the 2026 CES China Annual Conference.
  • “Weathering the Storm” accepted to the 2026 CAERE 5th Annual Conference.
  • “Weathering the Storm” accepted to the IREUS Urban Housing Symposium 2026, Poster Session.
  • Started Ph.D. in Real Estate at NUS Business School.
  • Completed M.S. in Applied Economics and Management at Cornell Dyson.

Education

National University of Singapore

Ph.D. in Real Estate

NUS Business School

Aug 2025 — Present

Cornell University

M.S. in Applied Economics and Management

Charles H. Dyson School

Aug 2023 — Jun 2025

China Agricultural University

B.Econ. in International Economics and Trade

College of Economics and Management

Aug 2018 — Jun 2022

Research Interests

Urban Economics Environmental Economics Industrial Organization Causal Inference

Works in Progress

Weathering the Storm: Urban Consumption Responses and Resilience to Tropical Cyclones in China

Ruihua Guo, Binglin Wang

Accepted: IREUS Urban Housing Symposium 2026 (Poster) · CAERE 5th Annual Conference 2026 · CES China Annual Conference 2026

Abstract

This study examines how tropical cyclones affect daily urban consumer spending in China. Using China UnionPay transaction data from 2011 to 2018 and a stacked difference-in-differences framework, the analysis traces daily consumption dynamics. Results indicate that cyclone landfall causes a decline in transaction counts and values. Spending recovers within three days, suggesting urban economic resilience. The paper documents intertemporal consumption substitution where residents shift purchases forward in anticipation of storms. This anticipatory response is present in restaurant, supermarket and pharmacy spending. Cities hit during initial landfall show larger consumption responses compared to those affected as storms move inland. These findings demonstrate that early warning systems facilitate household-level adaptive behavior. By enabling pre-storm stockpiling, meteorological forecasts help reduce the economic costs of disaster disruption. This research highlights the role of information infrastructure in urban resilience to extreme weather.

How Subsidized Shared Transport Shapes Urban Mobility Patterns: Evidence from Cellphone Mobility Data in Los Angeles

Ruihua Guo, Jingwei Zhang, Wengdong Zhang

Working paper

Abstract

We are studying the impacts of subsidized shared transport services on visitations and consumption of affected POIs in Los Angeles, based on more than 45 million cell phone mobility data from 2018 to 2022, and conducting DiD methods to analyze the causal effects.

Research Experience

Institute of Energy, Environment, and Economy, Tsinghua University

Research Assistant

Oct 2023 — Jul 2025

Energy Internet Research Institute, Tsinghua University

Carbon Emission Research Intern

Jun 2024 — Aug 2024

Cornell Institute for China Economic Research (CICER)

Winter Research Project

Nov 2021 — Feb 2022

Industry Experience

Frankfurt School of Finance & Management

Assistant Consultant · Development Finance / Green Finance

Aug 2022 — Aug 2023

Fintech Institute, Renmin University of China

Research Assistant Intern · Bank Technology Group

Jul 2022 — Aug 2023

International Monetary Institute (IMI), Renmin University of China

Research Assistant Intern

Oct 2019 — Sep 2021

Teaching

NUS Business School

  • BMS5802 Real Estate Finance · Teaching Assistant · 2026
  • RE3701 Real Estate Investment Analysis · Teaching Assistant · 2025
  • BMG5104 / RE3905 Economics of Sustainability · Teaching Assistant · 2025

S.C. Johnson College of Business, Cornell University

  • AEM5275 Introduction to Machine Learning in Business · Course Assistant · 2025

Honors & Awards

  • NUS Research Scholarship, National University of Singapore 2025–2030
  • Best 100 Undergraduate Thesis Award, China Agricultural University 2022
  • First-class Study Scholarship, China Agricultural University 2020, 2021
  • Study Progress Scholarship, China Agricultural University 2020

Skills & Miscellaneous

Programming
R Python Stata Julia LaTeX
Software
MATLAB QGIS SPSS Excel VBA
Languages
Chinese (Native) English (Fluent) Japanese (Basic)
Hobbies
Traveling Music Painting Fitness

Contact

Send a message directly — I'll reply within 48 hours.

For sharing ideas, research collaborations, seminar and conferences invitations, or anything else.

Email: ruihua.g [at] u.nus.edu