David Daokui Li
Encyclopedia
- The Chinese surnameChinese surnameChinese family names have been historically used by Han Chinese and Sinicized Chinese ethnic groups in mainland China, Taiwan, Hong Kong, and among overseas Chinese communities. In ancient times two types of surnames, family names and clan names , existed.The colloquial expressions laobaixing...
is LiLi (surname)Li is a common transliteration of several Chinese family names, including 李 , the most common Chinese family name, and the Korean family name Lee...
.
David Daokui Li is a Chinese
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
economist and the Director of the Center for China in the World Economy
Center for China in the World Economy
The Center for China in the World Economy is an international political economic policy research center and think tank located in the School of Economics and Management at Tsinghua University, Beijing, China...
(CCWE) at the Tsinghua University
Tsinghua University
Tsinghua University , colloquially known in Chinese as Qinghua, is a university in Beijing, China. The school is one of the nine universities of the C9 League. It was established in 1911 under the name "Tsinghua Xuetang" or "Tsinghua College" and was renamed the "Tsinghua School" one year later...
School of Economics and Management and is the Mansfield Freeman Professor
Professor
A professor is a scholarly teacher; the precise meaning of the term varies by country. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences; a teacher of high rank...
of Economics. He currently teaches courses on economic transition, corporate finance, international economics, and China's economy.
Li Daokui is a part of a trio to replace Fan Gang, as academic members to the central bank’s monetary policy committee (PBOC Monetary Policy Committee).
His childhood was spent in Sichuan
Sichuan
' , known formerly in the West by its postal map spellings of Szechwan or Szechuan is a province in Southwest China with its capital in Chengdu...
province, as a result of his parents being displaced to the countryside during the Cultural Revolution
Cultural Revolution
The Great Proletarian Cultural Revolution, commonly known as the Cultural Revolution , was a socio-political movement that took place in the People's Republic of China from 1966 through 1976...
. He currently lives in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
with his wife and two children. He is a member of the 1985 inaugural class of the Tsinghua School of Economics and Management (Tsinghua SEM), and studied abroad immediately following his graduation. Studying under economic transition scholars Eric Maskin
Eric Maskin
Eric Stark Maskin is an American economist and Nobel laureate recognized with Leonid Hurwicz and Roger Myerson "for having laid the foundations of mechanism design theory." He is the Albert O...
, Andrei Shleifer
Andrei Shleifer
Andrei Shleifer is a Russian American economist. From its inauguration in 1992 until it was shut down in 1997, Shleifer served as project director of the Harvard Institute for International Developments Russian aid project...
, and János Kornai
János Kornai
János Kornai , is an economist noted for his analysis and criticism of the command economies of Eastern European communist states.- Biography :...
, Li received his PhD
Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...
degree in Economics from Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
in 1992. His current research interests are China's macroeconomy, economic development models, international comparisons of economic growth, and China's need to pursue a development pattern fitting with its large economic status.
He has also held the following positions: Visiting Scholar at the Center for International Development
Center for international development
The Center for International Development at Harvard University is a nonprofit, academic research center located at Harvard University. As Harvard’s primary center for research on international development, CID works to generate shared and sustainable prosperity in developing economies...
(CID) of the Harvard Kennedy School (1986), Assistant Professor at the University of Michigan-Ann Arbor, Research Fellow at Hoover Institute of the Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
, and Professor and Deputy Director of the Economic Development Research Center of Hong Kong University of Science and Technology
Hong Kong University of Science and Technology
The Hong Kong University of Science and Technology is a public university located in Hong Kong. Established in 1991 under Hong Kong Law Chapter 1141 , it is one of the nine universities in Hong Kong.Professor Tony F. Chan is the president of HKUST...
.
Li has also served as the editor for the Journal of Comparative Economics (2000–2003) and the Economics Bulletin, as well as being named an honorary professor at Sichuan University
Sichuan University
Sichuan University is one of the oldest national universities in China. It is ranked No. 8 among the Chinese universities according to the 2010 Academic Ranking of World Universities....
and Nankai University
Nankai University
Nankai University , commonly known as Nankai, is a public research university based in Tianjin on mainland China. Founded in 1919 by educators Zhang Boling and Yan Fansun , Nankai University is a member of the Nankai serial schools. It is the alma mater of former Chinese Premier and key historical...
. He returned to China in 2004 to teach at his alma mater Tsinghua and serve as head of the Center for China in the World Economy research center.
Research Paper
- Risk Arbitragers in Takeovers. Review of Financial Studies. Forthcoming.
- Francesca Cornelli and David D. Li. Risk Arbitrage in Takeovers. Review of Financial Studies, 2002, vol. 15, issue 3, pages 837-868
- Bai, Chong-En; Li, David D.; Qian, Yingyi; Wang, Yijiang. Financial repression and optimal taxation. Economics Letters, February, 2001, vol. 70, issue 2, pages 245-251
- Bai, Chong-En; Li, David D.; Tao, Zhigang; Wang, Yijiang. A Multitask Theory of State Enterprise Reform. Journal of Comparative Economics, December, 2000, vol. 28, issue 4, pages 716-738
- Gordon, Roger H.; Bai, Chong-En; Li, David D. Efficiency losses from tax distortions vs. government control. European Economic Review, April, 1999, Vol. 43, Issue 4-6, pages 1095-1103
- Li, David D.; Li, Shan. An agency theory of the bankruptcy law. International Review of Economics and Finance, January, 1999, vol. 8, issue 1, pages 1-24
- Gordon, Roger H.; Li, David D. The effects of wage distortions on the transition: Theory and evidence from China. European Economic Review, January, 1999, vol. 43, issue 1, pages 163-183
- Li, David D.; Liang, Minsong. Causes of the Soft Budget Constraint: Evidence on Three Explanations. Journal of Comparative Economics, March, 1998, vol. 26, issue 1, pages 104-116
- Li, David D.; Changing Incentives of the Chinese Bureaucracy. American Economic Review, 1998, vol. 88, issue 2, pages 393-97
- Li, David D. Insider control and the soft budget constraint: a simple theory. Economics Letters, December, 1998, vol. 61, issue 3, pages 307-311
- Francesca Cornelli and David D. Li. Large Shareholders, Private Benefits of Control, and Optimal Schemes of Privatization. RAND Journal of Economics, 1997, vol. 28, issue 4, pages 585-604
- Li, David D. A Theory of Ambiguous Property Rights in Transition Economies: The Case of the Chinese Non-State Sector. Journal of Comparative Economics,1996, vol.23, issue 1, pages 1-19
- David D. Li and Shan Li. A Theory of Corporate Scope and Financial Structure. Journal of Finance, 1996, vol. 51, issue 2, pages 691-709