Dr. Li is a professor of economics and emerging market finance at Cheung Kong GSB. He is also a professor at the Darden Graduate School of Business, University of Virginia (Effective July 1, 2009). Before coming to Cheung Kong GSB, Dr. Li was a research associate at the University of Michigan's Institute for Social Research and taught at Duke University's Fuqua School of Business.

Dr. Li has conducted research across a number of fields on topics including comparison of reform strategies and economic performance in China and Eastern Europe, the impact of managerial incentives and market competition on firm performance, the linkage between financial market development and taxation, valuation in emerging markets, corruption, and telecommunications privatization.

His research has appeared in international journals, including the Journal of Political Economy, American Economic Review, Rand Journal of Economics, Journal of Law and Economics, Journal of Public Economics, and Journal of Comparative Economics. He is also an author of the book, "Investing in Emerging Markets," published by the CFA Institute (formerly the Association for Investment Management and Research (AIMR)). His research results have also been featured in Foreign Affairs, New York Times, Los Angeles Times and CNNfn.

"Chinese Enterprise Behavior under the Reforms," with Roger H. Gordon, American Economic Review, Papers and Proceedings, 81, 202-6, May 1991.

"The Change in Productivity of Chinese State Enterprises, 1983-1987," with Roger H. Gordon, Journal of Productivity Analysis, 6, 5-26, April 1995.

"Asymptotic Equivalence of Estimators of Average Derivative," 52,241-45, Economics Letters, November 1996.

"The Impact of Economic Reforms on the Performance of Chinese State-Owned Enterprises," Journal of Political Economy, 105:5, 1080-1106, October 1997.

"Selection of Children to Provide Care: The Effects of Earlier Parental Transfers," with John C. Henretta, Martha Hill, Beth Soldo and Douglas A. Wolf, Journal of Gerontology, 52B, 110-119, 1997.

"A Tale of Two Reforms," Rand Journal of Economics, 30:1, Spring 1999.

"Tax Rights in Transition Economies: A Tragedy of the Commons?" with Daniel Berkowitz, Journal of Public Economics, 76, 369-97, June 2000.

"The Political Economy of Privatization and Competition: Cross-Country Evidence from the Telecommunications Sector," with Lixin Colin Xu, Journal of Comparative Economics, 30:1-25, September 2002.

"Introduction to 'Valuation in Emerging Markets'," with Robert F.Bruner, Robert M. Conroy, Javier Estrada, and Mark Kritzman, Emerging Markets Review, 3:310-324, September 2002.

"Government as a Discriminating Monopolist in the Financial Market: The Case of China," with Roger H. Gordon, Journal of Public Economics, 87:283-312, 2003.

"The impact of privatization and competition in the Telecommunications Sector Around the World," with Lixin Colin Xu, Journal of Law & Economics, October 2004.

"The Great Leap Forward: Anatomy of a Central Planning Disaster," with Dennis Tao Yang, Journal of Political Economy, 113:840 - 877, August 2005.

"Regulatory Reforms in the Telecommunications Sector in Developing Countries: The Role of Democracy and Private Interests," with Christine Qian and Lixin Colin Xu, forthcoming in World Economy.