Gregory C. Chow Speaks at CUHK(SZ)
On July 25, 2017, Professor Gregory C. Chow came to The Chinese University of Hong Kong, Shenzhen and presented a speech on his experience in China’s 40 years of reform and open-up. Mr. Chow is Winner of 2017 China Economics Prize, Councilor to Shenzhen Finance Institute, and Professor at the School of Management and Economics, CUHK(SZ).
Mr. Chow entered Cornell University in 1948 and later he went to the University of Chicago, where he met Milton Friedman, the dominant intellectual figure. Under his mentorship, Mr. Chow completed his doctoral dissertation Demand for Automobiles in the United States: A Study in Consumer Durables. He received significant influence from Friedman, a man that made him realize what a key role a mentor may play in a student’s success.
In 1960, while working as Associate Professor at MIT, he published a paper Tests of Equality Between Sets of Coefficients in Two Linear Regressions, where he proposed Chow Test, an important tool in contemporary econometrics..
In the 80s, he introduced western economics into China and opened the “Ford Class”, providing a chance to students who wished to study western economics. The class nurtured quite a few experts for China who later made great achievements in academics or business.
He expressed his unwavering faith in China’s economy. “Any economic activity centers on human activity. China’s economy is booming and 1.3 billion hard working Chinese people should take the credit,” said Mr. Chow.