社会科学学院

Address: Mingzhai 214, Tsinghua University, Haidian District, Beijing-100084, China

Phone: (8610) 6279-4810

Email: hongjunli@tsinghua.edu.cn

https://orcid.org/0009-0006-8405-2431

September 2021- present, Associate Professor, Institute of Economics, School of Social Sciences, Tsinghua University

May 2014- September 2021, Associate Professor, Capital University of Economics and Business

PhD in Economics, 2014, Texas A&M University

Master in Economics, Peking University

B.S. in Engineering, Tsinghua University

15. Sharing Economy in the Age of Digital Intelligence: An Ecological Capability Perspective (数智时代的共享经济：基于生态能力观的视角) (with K. Rong et al.), 2026,  Advanced Management Studies (管理学研究), Volume 11 (03).  (In Chinese)

14. Establishing National Innovation Systems in the Digital Age (数字时代的国家创新体系建设) (with Q. Li, Z. Xu, and M. Chen), 2026,  Journal of Tsinghua University (Philosophy and Social Sciences) (清华大学学报(社会科学版)), Volume 41 (04). (In Chinese)

13. Dynamic Sharing of Computility: Price Formation and Policy Analysis (算力资源的动态共享：价格形成与政策分析) (with Y. Wang, F. Fu), 2026, Economic Research Journal (经济研究), Volume 61 (05). (Top In Chinese)

12. Optimizing the Pre-merger Notification Rule with Regulatory Data: Empirical Analysis Based on China ( with Q. Xiong, F. Deng, and D. Xie), 2025, Journal of Asian Economics, Volume 101, 102057.

11. Approximation to Smooth Functions by Low-rank Swish Networks (with Z. Li, J. Wang, and K. Tang), 2025, International Conference on Machine Learning (ICML), PMLR 267:35259-35291.

10. Digital technologies (with Q. Li, Z. Xu, and X. Ye), 2025 (forthcoming) Journal of Digital Economy.

9. Assessing the impacts of pandemic and the increase in minimum down payment rate on Shanghai housing prices (with Z. Li and C. Hsiao), 2023, Empirical Economics, Volume 64, pp. 2661-2682.

8. The Misalignments in Chinese Real Effective Exchange Rate from 1994 to 2020: A Counterfactual Analysis (with Y. Gao and Q. Li), 2022, China Economic Review, Volume 75, 101828.

7. A Modified Bootstrap for Kernel-based Specification Test with Heavy-tailed Data (with T. Huang, and Z. Li), 2020, Economics Letters, Volume 189, 108986.

6. Cross-Validated Mixed-Datatype Bandwidth Selection for Nonparametric Cumulative Distribution and Survivor Functions (with C. Li and J. Racine),2017, Econometric Reviews, Volume 36, pp. 970-987.

5. Determining the Number of Factors when the Number of Factors Increases with Sample Size (with Q. Li and Y. Shi), 2017, Journal of Econometrics, Volume 197, Issue 1, pp. 76–86.

4. Model Averaging with High-dimensional Dependent Data (with S. Zhao and J. Zhou), 2016, Economics Letters, Volume 148, pp. 68-71.

3. Consistent model specification tests based on k-nearest-neighbor estimation method (with Q. Li and R. Liu), 2016, Journal of Econometrics, Volume 194, Issue 1, pp. 187-202.

2. Estimation of panel data partly specified Tobit regression with fixed effects (with C. Ai, Z. Lin and M. Meng), 2015, Journal of Econometrics, Volume 188, Issue 2, pp. 313-568.

1.Testing purchasing power parity hypothesis: a semiparametric varying coefficient approach (with Z. Lin and C. Hsiao), 2015, Empirical Economics, Volume 48, Issue 1, pp 427-438.

1. Controlling Interactive Fixed Effect of Panel Data Models Using Diversified Projections (with K. Li,  Q. Li, and Q. Wang), under revision at the request of Econometric Theory.

2. From Data to Managerial Decisions: Organizational Misalignment in Data-Driven Decision Making (with Q. Li, Z. Xu, and X. Ye),  Revised and Resubmitted to Management and Organization Review

3. Digital Technology Engagement and Firm Profitability: Evidence from Chinese A-share Listed Technology-related Firms (with X. Ye),  Submitted

4.  Economic Network Restructuring and China's Post-Lockdown Recovery (with Rong  K.,  Lv R., Tian X.,  Xie D., Liao K., Wang J., Hao F.,  Zhou D., Shi X., Kou H., Kang Z., Li Y., Xu Z., Sun Z. ),  Submitted

5. Uniform Consistency of ReLU Networks Trained by Lipschitz-Regularized Least Squares (with Z. Li, J. Wang, X. Yu, and Y. Yang), Submitted
 
6. Price and Attention Competition of Duopolistic Firms Settled on a Platform (with Q. Li and Z. Xu), Submitted  (in Chinese)

7. AI Economy, AI Tax and Redistribution (with Q. Li), (in Chinese)

8. Sequential Conformal Prediction for Time Series: a Distributional Method (with R. Zhao, X. Ye, and S. Jin).  

9. The Nonlinear Effect of Digital Infrastructure on Innovations (with Q. Li and K. Rong).

10. Multi-dimensional Intercountry Proximity and Global Artificial Intelligence Spillovers: Implications for MNEs’ International Business Strategy (with R. Lyv and K. Rong)

1. Optimal Portfolio Selection with Random Projection
2. Non-asymptotic Inference of Hypothesis Testing (with M. Shum).
3. Market Competition in the Presence of Influential Users
4. Identification and Estimation of Panel Data Model with Latent Groups and Potential Structural Changes (with J. Qian and L. Su).
5. Grouped Factor Model and Its Applications to Analyzing Exchange Rates (with X. Ye).
6. Estimation and Inference of Panel Data Models with Constrained Interactive Effects.
7. A Copula-Based General Empirical Approach to Exchange Rates (with X. Ye).
8. Dimension Matters
9. Constructing Conditional High Dimensional Portfolio.

2016 Tsinghua University
2017 Shanghai Jiaotong University, Hong Kong University of Science and Technology
2019 Shanghai University of Finance and Economics, Jinan University,  Huazhong University of Science and Technology
2020 Tsinghua University, Renmin University of China
2021 Renmin University of China, Xiamen University
2023 Peking University, Jinan University
2024 Peking University, Tsinghua University,
2025 Chinese University of Hong Kong, Shandong University, Renmin University
2026 Tsinghua University, Shandong University

Principal Investigator
1. National Natural Science Foundation of China (#72573090), Random Projection of Economic Big Data and Its Partially Linear Models: Theory and Application, in Progress.
2. National Natural Science Foundation of China (#71601130), Panel Data Model with Constrained Interactive Effects: Theory and Application, Completed.

Sub-project Principal Investigator
1. CAI Jiming, 2024/12/12-, 80 RMB, Research on the Value Basis and Realization Forms of Data Elements' Participation in Distribution, The National Social Science Fund of China.
2. LIU Xiao, 2024/01/01-, 200 RMB, The Decision Pattern of Economic Agents From the Perspective of Behavioral Science: Theory and Experiment, The National Natural Science Foundation of China.
3. RONG Ke, 2022/04/01-2024/04/01, 80 RMB, Research on the Practices and Experiences of Promoting High-Quality Development of the Digital Economy Since the 18th National Congress of the Communist Party of China, The National Social Science Fund of China, Completed.  

Tsinghua University:

1. Undergraduate: Industrial Economics, Mathematics for Economists, Econometrics
2. Graduate: Machine Learning, Data Model and Decision, Economics of AI

Capital University of Economics and Business：Advanced Econometrics, Frontiers of Econometrics, Mathematics for Economists, Statistical Inference

2026 Tsinghua University Curriculum Ideological and Political Demonstration Teacher
2026 Tsinghua University Curriculum Ideological and Political Demonstration Class (Industrial Economics)
2025 Top 5% of Undergraduate Teaching Evaluation (Mathematics for Economists)
2024 First Prize of Tsinghua University 11th Young Teachers' Teaching Competition
2023 Second Prize of Tsinghua University Faculty Chalkboard Writing Competition
2020 Yearly Excellent Advisor of Beijing

Vice Dean of Institute of Economics, School of Social Sciences, Tsinghua University
Director of Master Program of Digital Economy, Tsinghua University
Board Member of China Information Economics Society
Deputy Secretary-General of Digital Innovation Association of China, China Information Economics Society
Associate Dean of Platform of Social Computing, Tsinghua University
Scientific Editor, Journal of Digital Economy

Econometric Theory, Journal of the American Statistical Association, Journal of Applied Econometrics, Journal of Business and Economic Statistics, Journal of Econometrics, Computational Statistics & Data Analysis, Economics Letters, International Studies of Economics, Economic Modeling, Statistical Papers, etc.