Junkan Li is an economist and interdisciplinary scientist whose research addresses contemporary environmental challenges such as natural disasters and climate change—phenomena that are inherently dynamic, uncertain, and spatially heterogeneous. To evaluate the consequences of these challenges and the policies designed to address them, he leverages both statistical and computational methodologies to develop quantitative frameworks that identify and quantify impact mechanisms and the endogenous adaptation behaviors of agents within economic systems. By drawing on his expertise in quantitative modeling, he aims to build a distinctive interdisciplinary research profile that bridges economics, policy analysis, and environmental science.
Working Papers
Voting with Their Feet: Insights from Storm Impacts on Internal Migration in the U.S., with Ian Sue Wing, Linda Nozick, Dahui Liu, and Jiahang He. (Latest Version)
Competitive Pricing, Basis Risk, Take-Up and Affordability: An Equilibrium Comparison of Parametric and Indemnity Insurance, with Qian Ni, Dahui Liu, Abbey Hotard, Linda Nozick, Meghan Millea. (R&R, Draft available upon request)
Disaster Resilience of Regional Economies: Hurricane Impacts on Coastal North Carolina, with Dahui Liu, and Ian Sue Wing. (Under Review, Draft available upon request)
Insurance based on belief, with Dahui Liu, Linda Nozick, Meghan Millea, and Jamie Kruse. (Under Review, Draft available upon request)
Quantify the Aggregate Effects of the Indirect Cost of Financial Distress. (Latest Version)
Heterogeneous Unemployment Risk over the Business Cycle. (Latest Version)
Journal Articles
Heterogeneity in Migration Decisions Following Tropical Cyclones in the U.S. Southeast, with Qiyuan Huang, Linda Nozick, Dahui Liu, Population and Environment, 2026, 48(5). (link)
Computing Multi-region Competitive Prices for Hurricane-Related Insurance, with Dahui Liu, Linda Nozick, Meghan Millea, Jamie Kruse, and Rachel Davidson, International Journal of Disaster Risk Reduction, 2025, 120: 105383. (Link)
Insurability and government-funded mitigation: safer but costlier, with Dahui Liu, Linda Nozick, Meghan Millea, Jamie Kruse, Rachel Davidson, Joseph Trainor, and Caroline Williams, The Geneva Papers on Risk and Insurance-Issues and Practice, 2024: 1-16. (Link)
Unequal Economic Consequences of Coastal Hazards: Hurricane Impacts on North Carolina, with Dahui Liu, Ian Sue Wing, Brian Blanton, Jamie Kruse, Linda Nozick, and Meghan Millea, Environmental Research Letters, 2024, 19(10). (Link)
Non-Linear Effects in Equity Value: Analysis Based on Continuation Value and Conversion Options, with Bing Deng and Yiming Wang, Journal of Financial Research (金融研究 ), 2015. (Working Paper Version)
Other Publications
A Stochastic Simulation Model of Crop Yield, Price, and Policy Outcomes: Technical Manual, with Joseph Cooper, Shawn Arita, and Sandro Steinbach, Agricultural Risk Policy Center (ARPC) Report, North Dakota State University, 2026.
Are Crop Yields Becoming More Stable and Higher? Evidence from U.S. County-Level Data Since 1980, with Francis Tsiboe, Agricultural Risk Policy Center (ARPC) Brief, North Dakota State University, 2026, https://doi.org/10.22004/ag.econ.396226.
A Horse Race Comparison of County-Level Crop Yield Prediction Methods, with Francis Tsiboe, Agricultural Risk Policy Center (ARPC) Brief, North Dakota State University, 2025, https://doi.org/10.22004/ag.econ.391348.
VC Investment Network in China: Formation and Influence on Future Performance, with Zhi Li, 2016. (link)
Re-valuating the VC investment in China: Value Seeking vs Value Creating, with Zhi Li, 2016. (link)
The Impact of Marketing Capabilities on Image of Exhibition: Based on the Perceptions of Demand-Side, with Wang Jingna, Ye Chen, Jinlin Zhao, and Jing Han, ICTCHS 2014 (2014.6.29).
Work in Progress
Dynamics Computational General Equilibrium Model with Recursive Investment, with Ian Sue Wing
The Economic Consequences of Hurricane Disasters: A General Equilibrium Analysis, with Dahui Liu, Ian Sue Wing, and Linda Nozick
Optimal Land-Use Policy under Natural Disaster Risks, with Qiyuan Huang, and Linda Nozick
Housing, Migration, and Disaster Shocks: A General Equilibrium Framework, with Ian Sue Wing, Linda Nozick, and Jiahang He
Understanding the Heterogeneous Consequences of Hurricanes: A DSGE Framework, with Ian Sue Wing, Linda Nozick, Jamie Kruse, Meghan Millea, and Dahui Liu
Captive Finance in the Fore-Market, Maintenance, and Repair in the After-Market and Credit Shocks