Gregory Chow

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Gregory Chi-Chong Chow ( Chinese  鄒 至 庄 , Pinyin Zōu Zhìzhuāng , born December 25, 1930 in Macau ) is an American economist and mathematician with Chinese roots. He developed the Chow test named after him .

Career, research and teaching

Chow grew up in the southern Chinese province of Guangdong . After the Japanese invasion, he and his family fled to Hong Kong in 1937 and to Macau five years later . After the end of the Second World War , he returned with his family to his home province, where he completed his school education. In 1947 he began to study mathematics at Lingnan University in Guangzhou , before he left China a year later and continued his studies as a sophomore at Cornell University . Interested in economics, he decided to specialize in econometrics . In 1951 he moved to the University of Chicago . There he learned from Milton Friedman , Rudolf Carnap , Hendrik Houthakker , Tjalling Koopmans , William Kruskal , Jacob Marschak and Leonard Jimmie Savage , among others , but also attended Friedrich Hayek's sociological seminars . In his thesis for obtaining the Ph.D. -Title, Chow dealt with the demand function for automobiles. Arnold Harberger motivated him to expand on the statements made in the dissertation. Chow developed a statistical test procedure for the stability of regression coefficients , which was later named after him.

After finishing his studies, Chow went to the Sloan School of Management of the Massachusetts Institute of Technology . There he worked on the side of Paul Samuelson and Robert Solow . In 1959 he accepted a call from Cornell University, but after only one year resigned the professorship and joined IBM at the Thomas Watson Research Center in New York . There he used his knowledge to continue research on the one hand and to advise management on the other. He also worked as an economic consultant in Asia. In 1970, Chow returned to academia when he accepted a professorship at Princeton University . As the successor to Oskar Morgenstern , he took over the management of the econometric research department. Until 1997 he headed the research program, which was renamed in his honor when he retired in 2001. In 1992 he was elected a member of the American Philosophical Society .

Chow is particularly known for the statistical test procedure he developed. In addition, in the course of his academic career he carried out basic econometric work in various areas. In particular with the control theory and its application to economic problems, he achieved groundbreaking results. He also dealt with the Asian economic area, often focusing on the Chinese economy. He was also committed to the scientific exchange between the United States and China, initiating a number of exchange programs.

Works

The following is a selection of books published by Chow, and he has written numerous magazine articles and working papers.

  • Analysis and Control of Dynamic Economic Systems , 1975.
  • Econometrics , 1983.
  • The Chinese Economy , 1987.
  • Dynamic Economics: Optimization by the Lagrange Method , 1997.
  • China's Economic Transformation , 2002
  • Knowing China , 2004.
  • Interpreting China's Economy , 2010

literature

  • Mark Blaug (Ed.): Who's who in economics. 3rd edition, Elgar, Cheltenham [u. a.] 1999, ISBN 1-85898-886-1 , pp. 220-221

Web links

Individual evidence

  1. ^ Member History: Gregory C. Chow. American Philosophical Society, accessed June 19, 2018 (with biographical information).
personal data
SURNAME Chow, Gregory
ALTERNATIVE NAMES Chow, Gregory Chi-Chong (full name)
BRIEF DESCRIPTION American economist and mathematician
DATE OF BIRTH December 25, 1930
PLACE OF BIRTH Macau