Research Economist Wendy C.Y. Li Bio Publications Presentations Wendy.Li@bea.gov (301) 278-9785 Education Ph.D. University of California, Los Angeles Economics M.S. Stanford University Management Science and Engineering M.B.A. National Chengchi University Finance and Marketing B.A. National Taiwan University Economics Working Paper (WP2019-2) Value of Data: There’s No Such Thing as a Free Lunch in the Digital Economy (PDF) Wendy C.Y. Li , Makoto Nirei , and Kazufumi Yamana September 2018 Working Paper (WP2016-5) Depreciation of Business R&D Capital (PDF) Wendy C.Y. Li and Bronwyn H. Hall August 2016 There's No Such Thing As A Free Lunch in the Digital Economy The 6th IMF Statistical Forum, Washington D.C.