Ta-Chung Liu

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]

Born in Peking, he earned a degree in civil engineering from the National University of Communication in 1936.[2] Influenced by Fritz Machlup, he switched to economics as he began graduate studies at Cornell University. Liu earned a PhD in 1940 under Donald English.[3]

In the 1950s and 60s, Liu criticized the “Cowles Commission method” of structural equation modelling and advocated reduced form estimation instead,[4] foreshadowing Christopher Sims' VAR method of 1980.[5][6]

References

  1. ↑ Klein, L. R.; Nerlove, M.; Tsiang, S. C. (1977). "Ta-Chung Liu, 1914–1975". Econometrica. 45 (2): 527–529. JSTOR 1911227.
  2. ↑ Ta-Chung Liu: October 27, 1914 – August 14, 1975
  3. ↑ The Econometric Practice of Ta-Chung Liu
  4. ↑ Liu, Ta-Chung (1960). "Underidentification, Structural Estimation, and Forecasting". Econometrica. 28 (4): 855–865. JSTOR 1907567.
  5. ↑ Qin, Duo (1993). The Formation of Econometrics: A Historical Perspective. New York: Oxford University Press. pp. 161–163. ISBN 0-19-828388-1.
  6. ↑ 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.
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