Full-time Faculty

Faculty CV

Li An

JU Jiandong

Chair Professor of Finance

Chang Jiang Scholar of the Chinese Ministry of Education

Vice Chair of National Institute of Financial Research

Director of Center for International Finance and Economic Research (CIFER)

Director of Center for Green Finance Research (CGFR)

Director of Research Center for International Digital Capital(IDC)

Director of Center for Finance and Development(CFD)


Email: jujd@pbcsf.tsinghua.edu.cn

Secretary: 8610-62706058

Fax: 8610-62789548

CV

PERSONAL  PROFILE

JU Jiandong, Unigroup Chair Professor at PBC School of Finance in Tsinghua University, Chairman of China Trade Research Group (CTRG), Vice Chair of National Institute of Financial Research, Director of Center for International Finance and Economic Research (CIFER), Center for Green Finance Research (CGFR), Research Center for International Digital Capital (IDC), PBC School of Finance, Tsinghua University. After receiving his doctorate in Economics from Pennsylvania State University in 1995, he served as assistant, associate and full professor at University of Oklahoma and professor at School of Economics and Management in Tsinghua University. He was the Dean of International School of Business Administration, Shanghai University of Finance and Economics from 2014 to 2017. He was a resident scholar in International Monetary Fund, and consulted for World Bank and other policy organizations. He focused his research on International Trade, International Finance and Industrial Organization, and the main teaching courses are Advanced International Trade and Finance. His work has been published in American Economic Review, Journal of International Economics, Journal of Monetary Economics, American Economic Journal and other journals. He received 2016 Pushan Award for Excellent Papers on International Economics, 2020 Ministry of Education 8th award for outstanding scientific research in economics and 2021 Excellent teacher in Beijing University by Beijing Municipal Education Commission, In 2023,  "China-US Trade Dispute and Globalization Reconstruction" was selected as the second batch of national first-class undergraduate courses by the Ministry of Education.

CURRENT EMPLOTMENT

2017-

Tsinghua University

Chair Professor, PBC School of Finance

Associate Dean, The National Institute of Financial Research

Director, Center for International Finance and Economic Research (CIFER)

Director, Center for Green Finance Research (CGFR)

Director, Center for International Digital Capital (IDC)

2018-

President,China Trade Research Group (CTRG)

EDUCATION    

1990-1995 The Pennsylvania State University, USA, Ph. D. in Economics
1985-1987

Tsinghua University, China, M.A. in Economics

1978-1982

Nanjing University, China, B.S. in Mathematics

MAIN OTHER PROFESSIONAL ACTIVITIES

2014 - 2019

Chang Jiang Scholar, the Ministry of Education, China

Tsinghua University, School of Economics and Management (2009-2015)

Professor of Economics, Director of Center for International Economics Research

2014 - 2017

Shanghai University of Finance and Economics

School of International Business Administration, Professor and Dean

2011 - 2014

University of Oklahoma, Professor of Economics

2001 - 2011

University of Oklahoma, Associate Professor of Economics (with Tenure)

World Bank, Consultant (2009, 2011)

International Monetary Fund, Research Department, Resident Scholar (2007-2009)

International Monetary Fund, Research Department, Visiting Scholar (2004, 2005, 2006)

1995 - 2001 University of Oklahoma, Assistant Professor of Economics

ACADEMIC  HONORS

2025

Pushan Award: Excellent Papers on Policy Research

2023

Tsinghua University Award of Excellent Course: “US-China Trade Dispute and Globalization Reconstruction”

2023 Ministry of Education: National First-Class Undergraduate Course
2021

Beijing Municipal Education Commission: Excellent Teacher

2020 Ministry of Education: 8th award for outstanding scientific research in economics
2019 Tsinghua University: Annual Teaching Excellence Award
2016 Pushan Award: Excellent Papers on International Economics







BOOKS

1. US-China Great Power Competition and the New World Order, Palgrave Macmillan, 2026.

Available at: https://link.springer.com/book/10.1007/978-981-95-3762-4

2. The Great Power Competition and the Re-architecture of the World Order (In Chinese), Peking University Press, 2024.
Available at:
https://product.dangdang.com/29793285.html

3. Tsinghua PBCSF Chief Economists Forum: 2023 Global Financial Turbulence and Economic Outlook, Palgrave Macmillan, 2024.
Available at:
https://link.springer.com/book/10.1007/978-981-97-0206-0

4. Tsinghua PBCSF Chief Economists Forum: Turbulent 2022, Palgrave Macmillan, 2023.
Available at:
https://link.springer.com/book/10.1007/978-981-19-8489-1

RESEARCH

Main Publications

1. “Accounting for the Evolution of China’s Production and Trade Patterns”(with Hanwei Huang,Vivian Zhanwei Yue)

    International Economic Review, 2026.

2. “Trade Wars and Industrial Policy Competitions: Understanding the US-China economic conflicts”(with Hong Ma,Zi Wang,Xiaodong Zhu)

    Journal of Monetary Economics Volume 141, 2024.

3. “Trade Reforms and Current Account Imbalances” (with Kang Shi, Shang-Jin Wei)

    Journal of International Economics Volume 131, 2021.

4. “Bilateral trade and shocks in political relations: Evidence from China and some of its major trading partners, 1990-2013” (with Yingxin Du, Carlos D. Ramirez, Xi Yao)

    Journal of International Economics 108, pp. 211-225, 2017.

5. “Endowment Structures, Industrial Dynamics and Economic Growth” (with Yifu Lin and Yong Wang)

    Journal of Monetary Economics Volume 76, November 2015, Pages 244–263.

6. “On the Connections between Intra-temporal and Intertemporal Trades" (with Kang Shi and Shang-Jin Wei)

    Journal of International Economics 92, S36-S51, 2014.

7. “When Is Quality of Financial System a Source of Comparative Advantage?” (with Shang-Jin Wei)

    Journal of International Economics 2011, 84, 178-187.

8. “Domestic Institutions and the Bypass Effect of International Capital Flow” (with Shang-Jin Wei)

    American Economic Journal: Economic Policy November 2010, pp. 173-204.

9. “A Model of Middlemen and Oligopolistic Market Makers” (with Scott Linn and Zhen Zhu)

    Journal of Economics & Management Strategy 19(1), Spring 2010, pp. 1-23, Lead Article.

10. “Firms behavior and market access in a Free Trade Area with Rules of Origin” (with Kala Krishna)

    Canadian Journal of Economics February 2005, pp. 290-308.

11.  “Welfare and Market Access Effects of Piecemeal Tariff Reform” (with Kala Krishna)

    Journal of International Economics 51, August 2000, pp.305-316.

12.  “Evaluating Trade Reform with Many Consumers” (with Kala Krishna)

    Canadian Journal of Economics 33(3), August 2000, pp.787-798.

13.  “Divisionalization, Franchising, and Divestiture Incentives in Oligopoly” (with Baye and Crocker)

    American Economic Review 86, March 1996, pp.223-236.

Other Publications

1. “National Concentration of High-tech Products: The Second Great Divergence?” (with Xinding Yu, Bing Lu)

    China & World Economy Volume1, 2023.

2. “Impact of vaccination on the COVID-19 pandemic in U.S. states”(with Xiao Chen, Hanwei Huang, Ruoyan Sun, Jialiang Zhang)

    Scientific Reports Volume12, 2022.

3. “Structural Changes and the Real Exchange Rate Dynamics” (with Justin Yifu Lin, Qing Liu, Kang Shi),

    Journal of International Money and Finance Volume 107, 2020.

4. “Nonlinear Capital Flow Tax: Capital Flow Management and Financial Crisis Prevention in China”(with Shang-Jin Wei, Kang Shi, Guangyu Nie and Li Li),

    China & World Economy Volume 46, 2019.

5. “China’s Opening up after 40 Years: Standing at a Historic Turning Point”(with Xinding Yu),

    China & World Economy Volume 26, 2018.

6. “Reputation Premium and Reputation Management: Evidence from the Largest E-Commerce Platform in China” (with Ying Fan and Mo Xiao)

    International Journal of Industrial Organization Volume 46, May 2016, Pages 63–76.

7. “The Secondary Market Impact of Quality and Pricing Decisions for New Product Generations” (with Yifei Ding and Daniel Hicks)

    Pacific Economic Review, 2016.

8. “Productivity, Profitability, Production and Export Structures Along the Value Chain in China” (with Xinding Yu)

    Journal of Comparative Economics 43, 33-54, 2015.

9. “The Cosine-Shaped Pattern of Innovations and Technological Advantages: Theory and Some Evidence” (with Xuebing Yang)

    Frontiers of Economics in China 8(3) 476-489, 2013.

10. “Market Structure in the Chinese Steel Industry” (with Li Su)

    Asia-Pacific Journal of Accounting and Economics 20(1), 70-84, 2013.

11. “Income Inequality and Structures of International Trade” (with Firat Demir and Yin Zhou)

    Asia-Pacific Journal of Accounting and Economics 19(2): 167 – 180, 2012.

12. “Consumer Heterogeneity, Free Trade, and the Welfare Impact of Income Redistribution”

    Review of International Economics 2011, 19(2), pp. 288-299.

13. “The Impact of Trade Liberalization on the Trade Balance in Developing Countries” (with Yi Wu and Li Zeng)

    IMF Staff Papers 57(2), 2010, pp. 427-449.

14. “Hicks Theorem: Effects of Technological Improvement in the Ricardian Model” (with Xuebing Yang)

    International Review of Finance and Economics 18, 2009, pp. 239-247.

15. “Oligopolistic Competition, Technology Innovation, and Multiproduct Firms”

    Review of International Economics 11(2), May 2003, pp.346-359.

16. “Regulations, Regime Switches and Non Monotonicity when Non Compliance is an Option: An Application to Content Protection and Preference” (with Kala Krishna)

    Economics Letters 77, 2002, pp. 315-321.

17. “Necessary Conditions for Welfare Improving Reforms” (with Kala Krishna)

    Economics Letters 67(2), May 2000, pp.173-178.

18. “Divisionalization and Franchising Incentives with Integral Competing Units” (with Baye and Crocker)

    Economics Letters, 50, March 1996, pp.429-435.

Work in Progress:

1. “Endogenous Mobility in Pandemics: Theory and Evidence from the United States”(with Xiao Chen, Hanwei Huang, Jialiang Zhang, Ruoyan Sun), R&R to Journal of International Economics, 2026

2. “The United States as an Active Industrial Policy Nation” (with Yuankun Li and Shang-Jin Wei), NBER Working Paper 34744, 2026

3. “How Exchange Rate Variability Affects Trade: Micro Evidence from a Cross-Border Ecommerce Platform” (with Shu Lin, Yujia Yang), 2026, submitted for publication

4. “Settlement Currency Choice in Trade Platforms: Evidence from China” (with Shu Lin, Kang Shi, Yujia Yang), working in progress, 2026

5. “Geopolitical Blocs in Trade War” (with Hanwei Huang, Qingqing Niu, Zi Wang), working in progress, 2026

6. “Industrial Upgrading and Economic Growth” (with Jianghuai Hou, Hong Ma, Qiyu Zhou), working in progress, 2026

Some Publications in Chinese:

1. “当代大国竞争下的增长与危机”(与彭婉 侯江槐 陈骁合著),南开经济研究,第1期,2026。[“Growth and Crisis in the Contemporary Great Power Competition” (with Wan Peng, Jianghuai Hou, Xiao Chen) Nankai Economic Studies, 1, 2026]

2. “大国竞争与新时代的中国经济发展战略”(与刘斌合著),外交评论,第4期,2024。[“Great Power Competition and the Economic Development Strategy of China in the New Era” (with Bin Liu) Foreign Affairs Review, 4, 2024]

3. “三足鼎立”的新全球化双层治理体系”(与彭婉、余心玎合著),世界经济与政治,第9期,2020。[“A Dual Architecture with a Tri-polar Regional Order for Global Governance in the New Globalization Era”(with Wan Peng, Xinding Yu)World Economics and Politics,9,2020]

4. “双边冲突的理论与实践”(与陈骁、马捷和郑捷合著),南开经济研究,第2期, 2019。[“Bilateral Conflicts:Theory and Applications,” (with Xiao Chen, Jie Ma and Jie Zheng) Nankai Economic Studies, 2, 2019.]

5. “中美贸易的反比较优势之谜” (与马弘、魏自儒、钱颖一 和 刘庆合著) ,经济学 (季 刊) ,第11卷第3期, 2012。[“Anti-Comparative Advantage: A Puzzle in China-U.S. Bilateral Trade,” (with Hong Ma, Ziru Wei, Yingyi Qian and Qing Liu) China Economic Quarterly, 11(3), 2012.]

6. “要素禀赋、专业化分工、贸易的理论与实证” (与林毅夫和王勇合著) ,经济学 (季 刊) ,第4卷第1期, 2004。 [“Endowment, Specialization, and Trade: Theory and Practice,” (with Justin Yifu Lin and Yong Wang) China Economic Quarterly, 4(1), 2004.]

7. “社会价值、市场效率与收入分配”,经济学 (季刊) ,第2卷第3期,2003。 [“Social Value, Market Efficiency, and Income Distribution,”China Economic Quarterly, 2(3), 2003.]

8. “调整过程中的价格刚性与失业要素波动:一个动态一般均衡角度的分析”,经济学 (季 刊) ,第1卷第1期,2001。[“Price Rigidities and Unemployed Factor Fluctuations in the Adjustment Process: A Dynamic General Equilibrium Approach,”China Economic Quarterly, 1(1), 2001.]

TEACHING

Courses (Spring 2026)

1.  Advanced Theory of Conflicts in International Trade and Finance

2. Conflicts in International Trade and Finance

3. US-China Trade Disputes and Re-Architecture in Globalization

Ph.D. Students

In Progress:

Hou, Jianghuai (Tsinghua); Yang, Yujia (Tsinghua); Li, Sijia (Tsinghua)

Completed:

Tan, Haiming (Tsinghua 2025); Wang, Baoling (Tsinghua 2025); Lin, Zhan (Tsinghua 2024); Sun, Daoyuan (Tsinghua 2024); Lu, Bing (Tsinghua 2021); Chen, Xiao (Tsinghua 2019); Xia, Guangtao (Tsinghua 2018); Liu, Zhengwen (Tsinghua 2017); Du, Yinxin (Tsinghua 2016); Ning, Danhong (Tsinghua 2016); Yu, Xinding (Tsinghua 2014); Su, Li (OU 2013); Ding, Yifei (OU 2011); Yang, Xuebing(OU 2009); Hsiao, Chengte (OU 2005); Basyah, Mohammad (OU 2003); Nunez, Karen R.(OU 2003); Adhikari, Deergha (OU 2002); Lee, Soon Cheul (OU 2002); Khan, Saleheen (OU 2001); Chung, Ling-Wei (OU 2000)

SOME RECENT CONFERENCE AND SEMINAR PRESENTATIONS

2025: Seminars in Peking U, Tsinghua U, Fudan U, Shanghai Jiao Tong U; AEA Annual Meeting, International Trade Annual Meeting for Chinese Universities 2025


2024: Seminars in Peking U, Nanjing U, Fudan U, Sun Yat-sen U, Southeast U; The 14th Annual Meeting of China Trade Research Group, Tsinghua Pbcsf Chief Economist Forum, Harvard-Energy Foundation Conference on Climate Change and Trade Policy


REFEREE  

American Economic Review, Journal of Political Economy, Journal of Economic Theory, International Economic Review, Game and Economic Behavior, Journal of International Economics, Canadian Journal of Economics, Economic Theory, Oxford Economic Papers, Journal of Economics & Management Strategy, Economic Inquiry, International Journal of Industrial Organization, Review of International Economics, Pacific Economic Review, China Journal of Economics, China Economic Review, China Economic Quarterly, NSF, SSHR-Canada