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Ta-Chung Liu

April 10, 2024

Ta-Chung Liu (Chinese: 劉大中; October 27, 1914 – August 14, 1975) was a Chinese American economist and econometrician. He was a professor of economics at Johns Hopkins University and Cornell University.[1] During his time at Cornell, he mentored Robert F. Engle, an econometrician who later won the Nobel Prize in Economics.

Ta-Chung Liu
劉大中
Born(1914-10-27)October 27, 1914
Peking, China
DiedAugust 14, 1975(1975-08-14) (aged 60)
Ithaca, New York
Alma materCornell University
Scientific career
FieldsEconometrics
InstitutionsJohns Hopkins University
Cornell University
Doctoral advisorDonald English
Doctoral studentsRobert F. Engle

He was also an influential advisor to the Taiwanese government on economic policy. He was awarded the Order of Brilliant Star, second rank, for his contributions to the country's development.[2]

Biography edit

Born in Peking on October 27, 1914, he earned a degree in civil engineering from the Chiao Tung University (Chinese: 交通大学) in 1936.[3] He initially went to Cornell University to study railway engineering. Influenced by Fritz Machlup, he switched to economics. Liu earned a PhD degree in 1940 under Donald English.[4] His dissertation was titled A Study in the Theory of Planning by the Individual Firm under Dynamic Conditions.[5]

In 1947 he went back to Peking to work as professor of economics at National Tsing Hua University. He left China again in 1948 to avoid the communist revolution and Chinese Civil war.

He was a lecturer at Johns Hopkins University until 1958.

In the 1950s and 60s, Liu criticized the "Cowles Commission method" of structural equation modelling and advocated reduced form estimation instead,[6] foreshadowing Christopher Sims' VAR method of 1980.[7][8]

Both Liu and his wife committed suicide in 1975.[8] He died at the Tompkins County Hospital in Ithaca, New York on August 14, 1975.[3][9] A book, Quantitative Economics and Development: Essays in Memory of Ta-Chung Liu, was published in his honor by his colleagues.[10]

Taiwanese economics edit

Further information: Economic history of Taiwan § Modern history

Liu had a close working relationship with the government of Taiwan, and high ranking members of politics consulted him on economic policy. He served for several years as President Chiang Kai-shek's chief economic adviser in the 1960s.[8] Together with his colleague at Cornell Sho-Chieh Tsiang, he advocated against central planning and for creating an environment that encouraged private enterprises to compete on world markets.

Liu took a leave from Cornell University in the 1969 academic year to serve as chairman of the Commission for Tax Reform for the Taiwanese Government.[11]

He also helped establish the first PhD program in Economics at National Taiwan University.

Works edit

Books edit

  • Analysis of stresses in railway track, 1937
  • Manufacturing Production Functions in the United States (with George H. Hildebrand), 1957
  • The Economy of the Chinese Mainland (with Kung Chia Yeh)
  • Economic Trends in Communist China

References edit

  1. ^ Klein, L. R.; Nerlove, M.; Tsiang, S. C. (1977). "Ta-Chung Liu, 1914–1975". Econometrica. 45 (2): 527–529. JSTOR 1911227.
  2. ^ Lamoureux, Jeffrey. "Institute Marks 100th Anniversary of Ta-Chung Liu". University of Chicago. Retrieved 10 December 2018.
  3. ^ a b "Memorial Statement for Professor Ta-Chung Liu" (PDF). Cornell University. Retrieved 10 December 2018.
  4. ^
  5. ^ "Ta-Chung Liu". Mathematics Genealogy Project. Retrieved 10 December 2018.
  6. ^ Liu, Ta-Chung (1960). "Underidentification, Structural Estimation, and Forecasting". Econometrica. 28 (4): 855–865. doi:10.2307/1907567. JSTOR 1907567.
  7. ^ Qin, Duo (1993). The Formation of Econometrics: A Historical Perspective. New York: Oxford University Press. pp. 161–163. ISBN 0-19-828388-1.
  8. ^ a b c Chao, Hsiang-Ke; Huang, Chao-Hsi (2011). "Ta-Chung Liu's Exploratory Econometrics". History of Political Economy. 43 (Suppl 1): 140–165. doi:10.1215/00182702-1158709.
  9. ^ "TA‐CHUNG LIU". New York Times. August 17, 1975. Retrieved July 18, 2020.
  10. ^ L. R. Klein; M. Nerlove; S. C. Tsiang (12 May 2014). Quantitative Economics and Development: Essays in Memory of Ta-Chung Liu. Elsevier Science. ISBN 978-1-4832-7161-3.
  11. ^ "TA‐CHUNG LIU". New York Times. 17 August 1975. Retrieved 10 December 2018.

https://finance.sina.cn/sa/2007-01-08/detail-ikftssap1009212.d.html

External links edit

April 10, 2024
chung, chinese, 劉大中, october, 1914, august, 1975, chinese, american, economist, econometrician, professor, economics, johns, hopkins, university, cornell, university, during, time, cornell, mentored, robert, engle, econometrician, later, nobel, prize, economic. Ta Chung Liu Chinese 劉大中 October 27 1914 August 14 1975 was a Chinese American economist and econometrician He was a professor of economics at Johns Hopkins University and Cornell University 1 During his time at Cornell he mentored Robert F Engle an econometrician who later won the Nobel Prize in Economics Ta Chung Liu劉大中Born 1914 10 27 October 27 1914Peking ChinaDiedAugust 14 1975 1975 08 14 aged 60 Ithaca New YorkAlma materCornell UniversityScientific careerFieldsEconometricsInstitutionsJohns Hopkins UniversityCornell UniversityDoctoral advisorDonald EnglishDoctoral studentsRobert F EngleHe was also an influential advisor to the Taiwanese government on economic policy He was awarded the Order of Brilliant Star second rank for his contributions to the country s development 2 Contents 1 Biography 2 Taiwanese economics 3 Works 3 1 Books 4 References 5 External linksBiography editBorn in Peking on October 27 1914 he earned a degree in civil engineering from the Chiao Tung University Chinese 交通大学 in 1936 3 He initially went to Cornell University to study railway engineering Influenced by Fritz Machlup he switched to economics Liu earned a PhD degree in 1940 under Donald English 4 His dissertation was titled A Study in the Theory of Planning by the Individual Firm under Dynamic Conditions 5 In 1947 he went back to Peking to work as professor of economics at National Tsing Hua University He left China again in 1948 to avoid the communist revolution and Chinese Civil war He was a lecturer at Johns Hopkins University until 1958 In the 1950s and 60s Liu criticized the Cowles Commission method of structural equation modelling and advocated reduced form estimation instead 6 foreshadowing Christopher Sims VAR method of 1980 7 8 Both Liu and his wife committed suicide in 1975 8 He died at the Tompkins County Hospital in Ithaca New York on August 14 1975 3 9 A book Quantitative Economics and Development Essays in Memory of Ta Chung Liu was published in his honor by his colleagues 10 Taiwanese economics editFurther information Economic history of Taiwan Modern history Liu had a close working relationship with the government of Taiwan and high ranking members of politics consulted him on economic policy He served for several years as President Chiang Kai shek s chief economic adviser in the 1960s 8 Together with his colleague at Cornell Sho Chieh Tsiang he advocated against central planning and for creating an environment that encouraged private enterprises to compete on world markets Liu took a leave from Cornell University in the 1969 academic year to serve as chairman of the Commission for Tax Reform for the Taiwanese Government 11 He also helped establish the first PhD program in Economics at National Taiwan University Works editBooks edit Analysis of stresses in railway track 1937 Manufacturing Production Functions in the United States with George H Hildebrand 1957 The Economy of the Chinese Mainland with Kung Chia Yeh Economic Trends in Communist ChinaReferences edit Klein L R Nerlove M Tsiang S C 1977 Ta Chung Liu 1914 1975 Econometrica 45 2 527 529 JSTOR 1911227 Lamoureux Jeffrey Institute Marks 100th Anniversary of Ta Chung Liu University of Chicago Retrieved 10 December 2018 a b Memorial Statement for Professor Ta Chung Liu PDF Cornell University Retrieved 10 December 2018 The Econometric Practice of Ta Chung Liu Ta Chung Liu Mathematics Genealogy Project Retrieved 10 December 2018 Liu Ta Chung 1960 Underidentification Structural Estimation and Forecasting Econometrica 28 4 855 865 doi 10 2307 1907567 JSTOR 1907567 Qin Duo 1993 The Formation of Econometrics A Historical Perspective New York Oxford University Press pp 161 163 ISBN 0 19 828388 1 a b c Chao Hsiang Ke Huang Chao Hsi 2011 Ta Chung Liu s Exploratory Econometrics History of Political Economy 43 Suppl 1 140 165 doi 10 1215 00182702 1158709 TA CHUNG LIU New York Times August 17 1975 Retrieved July 18 2020 L R Klein M Nerlove S C Tsiang 12 May 2014 Quantitative Economics and Development Essays in Memory of Ta Chung Liu Elsevier Science ISBN 978 1 4832 7161 3 TA CHUNG LIU New York Times 17 August 1975 Retrieved 10 December 2018 https finance sina cn sa 2007 01 08 detail ikftssap1009212 d htmlExternal links editTa Chung Liu at Find a Grave nbsp Retrieved from https en wikipedia org w index php title Ta Chung Liu amp oldid 1179272217, wikipedia, wiki, book, books, library,

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