Dan Li

Dan Li
Fudan University · School of Economics

PhD

About

23
Publications
1,172
Reads
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106
Citations
Additional affiliations
September 2008 - present
Fudan University
Position
  • Professor (Associate)

Publications

Publications (23)
Article
Using a loan-level dataset from a state-owned bank (SOB) in an economically developed city in China, we examine the bank lending behavior when mandated to extend credit despite this global financial crisis. Accompanying a fiscal stimulus plan in November 2008, the Chinese government directs banks to increase loan supply, especially toward small- an...
Article
Full-text available
During the Later Qing Dynasty and so-called "Warlord Period" (1906-1923) China suffered from numerous and violent internal conflicts, or "civil wars". These conflicts are thought to have slowed the pace of economic development and, especially, growth in infrastructure. I study these alleged impacts using a new panel data set linking archival data f...
Article
This paper analyzes the evolution of urban output per capita across Chinese cities in post-reform era. Our results suggest no evidence of output convergence across cities from 1984 to 2003. We find that cities with comparable output per capita are likely to be located in the same region; furthermore, cities tend to mirror the mobility of their coun...
Article
This paper provides experimental evidence for the theory of Che et al. (2013, Pandering to persuade, American Economic Review, 103(1), 47–79). Basic communication games with outside options developed by Che et al. (2013, Pandering to persuade, American Economic Review, 103(1), 47–79) are tested in the experiments, and experimental variations with a...
Chapter
China's rise as the world's second-largest economy surely is the most dramatic development in the global economy since the year 2000. Volume II, which spans China's two turbulent centuries from 1800, charts this wrenching process of an ancient empire being transformed to re-emerge as a major world power. This volume for the first time brings togeth...
Article
Unlicensed moneylending is when an unlicensed individual, often called loan shark, lends money to another individual. We model the unlicensed moneylending market to analyze relational contracting between borrowers and guarantors. A guarantor repeatedly decides whether to act as the guarantor for a borrower, whereas the borrower repeatedly chooses a...
Article
Full-text available
There are debates in the existing literature over whether silver outflows from China due to the American Silver Purchase Act (ASPA) of 1934 resulted in an economic crisis in China. However, all arguments in the debate rely on the assertion that the ASPA caused severe deflation—a claim with weak support in the data. In this paper, we investigate the...
Article
How do initial arrival conditions in a host locality affect migrants’ subsequent economic welfare? Manchuria (Northeast China), which attracted millions of migrants from North China during the first half of the twentieth century, experienced a devastating pneumonic plague outbreak in 1910-11. Using data from a rural household survey in the mid-1930...
Article
This paper develops an empirical framework to examine the degree of consumption risk sharing across cities. Using a unique dataset on retail sales, output and other information of about 200 Chinese cities, we report that the aggregate component accounts only for 13-22% of fitted city consumption growth fluctuations and the welfare gain from elimina...
Article
China suffered from numerous military conflicts throughout the first half of the twentieth century. These conflicts are thought to have slowed the pace of economic development; however, the magnitude of their negative impact remains unclear. This paper studies the effect of militarism on the railway industry, one of the most important modern indust...
Article
This article provides a quantitative assessment of contemporary beliefs about historical events by econometrically identifying ‘break points’ in China's domestic bond market from 1921 to 1942. We find that these ‘break points’ usually coincided with the events highlighted by the Shanghai Newspaper—an influential daily newspaper produced during the...
Article
This note examines the role of risk aversion in computing the welfare cost of consumption fluctuations under different utility and consumption process specifications. We find that the welfare cost of consumption fluctuations under a Constant-Relative-Risk-Aversion (CRRA) utility specification does not necessarily increase with the degree of relativ...
Article
Full-text available
We study household choices on the housing type and travel mode in Boston in the year 1991. We first develop a theoretical model for an integrated analysis of housing and travel mode choices, which implies that people with higher income level tend to live farther away from the Central Business District, enjoy more spacious housing and travel with a...
Article
Summary This paper examines inter-provincial consumption risk sharing and intertemporal consumption smoothing across Chinese provinces before and after the 1979 economic reform. Our results indicate that the degree of consumption risk sharing among Chinese provinces is lower than that within the United States and across the national boundaries of O...
Article
We develop a model of risk sharing to identify the barrier to entering market and the degree of regional market integration. Based on a dataset on Chinese cities, we show that the low degree of risk sharing in China is mainly caused by entry barrier of market and, to a less extent, imperfect regional market integration. We find that population size...
Article
Full-text available
A shift-share model is employed to analyse the interregional productivity variations in Chinese manufacturing and mining industry. Our empirical results show that sector productivity difference is huge; surprisingly, the most productive coastal regions are found to be specialized in low-productive sectors; the inland provinces suffer a uniform prod...
Article
Regional inequality is severe in China since regional development is uneven due to various initial conditions and government policies. We employ unit root tests allowing for structural breaks to alternative inequality measures from 1952 to 2000. Empirical results indicate that (1) the regional inequality is trend stationary with structural breaks r...
Article
Full-text available
We estimate the distribution dynamics of city income and size in China during 1984-2003 using stochastic kernel. Our results show that intra-distribution mobility are significant in both income and size and provide evidences on China experienced internal brain drain.
Article
Full-text available
This paper analyzes the evolution of Chinese urban income distribution across space and time in post-reform era. Our results suggest no evidence on income convergence across cities during the period 1984-2003. We find that cities with comparable income level are likely to be co-located in the same region; further, cities tend to mirror the mobility...
Article
We analyze the evolution of Chinese city income distribution from both temporal and spatial dimensions. Our empirical results show that the convergence does not occur in city income distribution since cities in eastern China grow faster than their western and central counterparts during the post-reform era. The dynamic spatial dependence between ci...
Article
During the republic period (1912-1949), China suffered from numerous internal conflicts and colonial wars. Historians have not yet reached an agreement on the importance of the various conflicts due to their subjective understandings. An objective way is to look at the people's perception of a specific conflict's impact on the economic situation at...
Article
A behavioral model is developed for an integrated analysis of housing and travel mode choices. A household maximizes its utility by trading off non-housing goods consumption, housing consumption and travel time subject to both budget and time constraints. We further link the theoretical model with empirical evidence on the households' housing and m...
Article
This paper employs the consumption based model to conduct welfare analysis and policy evaluation for economic reform initiated in 1979 us- ing the national and provincial consumption data. We find that (1) the welfare gain from eliminating consumption volatility at provincial level is higher than that at national level due to the market incompleten...

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