David Daokui Li

For the retired professor and author of books on the culture of China, see David H. Li. For the Chairman and Chief Executive of the Bank of East Asia, see David Li.

The Chinese surname is Li.

David Daokui Li

David Daokui Li (Chinese: 李稻葵; pinyin: Lǐ Dàokúi) is a Chinese economist and the Director of the Center for China in the World Economy (CCWE) at the Tsinghua University School of Economics and Management and is the Mansfield Freeman Professor 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).^[1]

His childhood was spent in Sichuan province, as a result of his parents being displaced to the countryside during the Cultural Revolution. He currently lives in Beijing 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, Andrei Shleifer, and János Kornai, Li received his PhD degree in Economics from Harvard University 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 (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, and Professor and Deputy Director of the Economic Development Research Center of Hong Kong University of Science and Technology.

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 and Nankai University. 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

1. Risk Arbitragers in Takeovers. Review of Financial Studies. Forthcoming.
2. Francesca Cornelli and David D. Li. Risk Arbitrage in Takeovers. Review of Financial Studies, 2002, vol. 15, issue 3, pages 837-868
3. 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
4. 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
5. 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
6. 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
7. 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
8. 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
9. Li, David D.; Changing Incentives of the Chinese Bureaucracy. American Economic Review, 1998, vol. 88, issue 2, pages 393-97
10. Li, David D. Insider control and the soft budget constraint: a simple theory. Economics Letters, December, 1998, vol. 61, issue 3, pages 307-311
11. 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
12. 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
13. 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

References

1. ^ "China Names Three Economists to PBOC Monetary Policy Committee" March 29, 2010, 6:12 AM EDT (Bloomberg)

External links

• Center for China in the World Economy

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