Gregory C. Chow is Professor of Economics and Class of 1913 Professor of Political Economy at Princeton University.  He attended Cornell University (B.A., 1951) and the University of Chicago (M.A., 1952, and Ph.D., 1955).  He was Assistant Professor at M.I.T., 1955-1959, Associate Professor at Cornell University, 1952-1962, a Research Staff member and Manager of Economic Research at the I.B.M. Thomas J. Watson Research Center, 1962-1970, and Professor of Economics and Director of the Econometric Research Program at Princeton University, 1970-1997.  He was Visiting Professor at Cornell University in 1964, at Harvard University in 1967, and at Rutgers University in 1969, and Adjunct Professor of Economics at Columbia University from 1965 to 1971.  Professor Chow is a member of the American Philosophical Society and of Academia Sinica and a Fellow of the American Statistical Association and of the Econometric Society.  He has served as Associate Editor or Co-editor of the Academia Economic Journal, American Economic Review, China Economic Review, Economic Modelling, Economics and Finance Computing, International Economic Review, Journal of Asian Economics, Journal of Economic Dynamics and Control, MOCT-MOST:  Economic Policy in Transitional Economies, and the Review of Economics and Statistics.  His publications include ten books and over 160 articles.  The books include:

Demand for Automobiles in the United States: A Study in Consumer Durables (North-Holland Publishing Company, Amsterdam, 1957).

Analysis and Control of Dynamic Economic Systems (John Wiley & Sons, New York, 1975); Chinese edition (Friendship Publishing Corporation, Beijing, 1984).

Econometric Analysis by Control Methods (John Wiley & Sons, New York, 1981); Chinese edition (Friendship Publishing Corporation, Beijing, 1985).

Evaluating the Reliability of Macro-Economic Models (John Wiley & Sons, London, 1982), co-edited with Paolo Corsi.

Econometrics (McGraw-Hill Book Company, New York, 1983); Chinese edition (Friendship Publishing Corporation, Beijing, 1985).

The Chinese Economy (Harper & Row, New York, 1985); Chinese editions (Nankai University Press, Tianjin, 1985; The Chinese University Press, Hong Kong, 1986); second edition (World Scientific Publishing Co., New Jersey, 1987).

Understanding China's Economy (World Scientific Publishing Co., New Jersey, 1994).

Asia in the Twenty-first Century (World Scientific Publishing Co., New Jersey, 1997), co-edited with Paula K. Chow.

Dynamic Economics: Optimization by the Lagrange Method (Oxford University Press, 1997).

Sower of Modern Economics in China: Interview of Gregory Chow, (Global Publication Co., New Jersey, 1997) in Chinese.
 

 Gregory Chow served as Chairman of the American Economic Association’s Committee on Exchanges in Economics with the People's Republic of China from 1981 to 1994 and as Co-chairman of the U.S. Committee on Economics Education and Research in China with support from the Ford Foundation from 1985 to 1994.  In 1979 he was the first president of the Society for Economic Dynamics and Control.  From 1989 to 1992 he has served on the Executive Committee of the American Economic Association.  He has been a member of the U.S.-Hong Kong Economic Co-operation Committee.  He advised former Prime Ministers and Chairmen of the Economic Planning and Development Council of the Executive Yuan in Taiwan on economic policy from the mid 1960's to the early 1980's.  He was responsible for a three-year program (1984-1986) to teach modern economics in China under the sponsorship of the Chinese State Education Commission (formerly Ministry of Education).  He has been appointed Honorary Professor at Fudan, Shandong, The People's, and Zhongshan Universities and the City University of Hong Kong, and Honorary President of Lingnan (University) College.  In 1986, he received a Honorary Doctor's Degree from Zhongshan University, and in 1994 received an L.L.D. from Lingnan College in Hong Kong.  His book, The Chinese Economy (1985) has been translated into Chinese (Nankai University Press, 1985) and is widely read in China.  He has advised the Chinese State Education Commission on economics education in China, the Prime Minister and the State Commission for Restructuring the Economic System on economic reform in China.  Professor Chow has served as consultant to the IBM Corporation, Data General Corporation and The World Bank.  He has been an expert witness in cases involving antitrust and other economic issues.  He is economic advisor to the Shandong Provincial Government and adviser to China’s Natural Science Foundation.

 Professor Chow's contributions to economics cover three main areas:  1) econometrics, including the often used "Chow test" for parameter stability, the estimation of simultaneous stochastic equations and criteria for model section (see Chapter 9 of his Econometrics); 2) dynamic economics, including spectral methods and optimal control methods for the analysis of econometric models and dynamic optimization under uncertainty as a constrained maximization problem to be solved by the method of Lagrange multipliers (replacing the method of dynamic programming); and 3) the Chinese economy in a theoretical quantitative approach to its study, with a 1985 book, The Chinese Economy and a 1994 book, Understanding China's Economy.

 Contributions to dynamic economics and econometrics include (1) demand for durable goods, Demand for Automobiles in the United States: A Study in Consumer Durables (North-Holland Publishing Company, Amsterdam, 1957), (2) Chow-test for temporal stability of econometric relations, Econometrics, 1960, (3) Microdynamics, “Technological Change and the Demand for Computers,” American Economic Review, 1967, (4) Macrodynamics, “Multiplier, Accelerator and Liquidity Preference in the Determination of National Income,” Review of Economics and Statistics, 1967, (5) dynamic economic analysis and policy, with new dynamic optimization techniques: (a) Analysis and Control of Dynamic Economic Systems (John Wiley & Sons, New York, 1975), (b) Econometric Analysis by Control Methods (John Wiley & Sons, New York, 1981), (c) Dynamic Economics: Optimization by the Lagrange Method (Oxford University Press, 1997).  Served as first President of Society of Economic Dynamic and Control, 1979 and Coeditors of Journal of Economic Dynamics and Control.  Invented the Lagrange method of dynamic optimization (Journal of Economic Dynamics and Control, July 1993 and January 1996) to replace Bellman’s dynamic programming as the main tool for dynamic economics.
 

Short Vita:

 Gregory C. Chow is Professor of Economics and Class of 1913 Professor of Political Economy at Princeton University.  Cornell University (B.A., 1951), University of Chicago (M.A., 1952, and Ph.D., 1955).   Assistant Professor at M.I.T., 1955-1959, Associate Professor at Cornell University, 1952-1962,  Manager of Economic Research at the I.B.M. Thomas J. Watson Research Center, 1962-1970, and Professor of Economics and Director of the Econometric Research Program at Princeton University, 1970-1997.  Professor Chow is a member of the American Philosophical Society and of Academia Sinica and a Fellow of the American Statistical Association and of the Econometric Society.  He has served as Associate Editor or Co-editor of the American Economic Review, China Economic Review, International Economic Review, Journal of Economic Dynamics and Control, MOCT-MOST, Review of Economics and Statistics.  His publications include ten books and over 160 articles.  The books include:

Econometrics (McGraw-Hill Book Company, New York, 1983
Understanding China's Economy (World Scientific Publishing Co., New Jersey, 1994).
Dynamic Economics: Optimization by the Lagrange Method (Oxford University Press, 1997).

 Gregory Chow served as Chairman of the American Economic Association’s Committee on Exchanges in Economics with the People's Republic of China from 1981 to 1994 and as Co-chairman of the U.S. Committee on Economics Education and Research in China with support from the Ford Foundation from 1985 to 1994.  He has been a member of the U.S.-Hong Kong Economic Co-operation Committee.  He advised former Prime Ministers and Chairmen of the Economic Planning and Development Council of the Executive Yuan in Taiwan on economic policy from the mid 1960's to the early 1980's.  He was responsible for a three-year program (1984-1986) to teach modern economics in China under the sponsorship of the Chinese State Education Commission (formerly Ministry of Education).  He has been appointed Honorary Professor at Fudan, Shandong, The People's, and Zhongshan Universities and the City University of Hong Kong, Honorary President of Lingnan (University) College.  In 1986, he received a Honorary Doctor's Degree from Zhongshan University, and in 1994 received an L.L.D. from Lingnan College in Hong Kong.  His book, The Chinese Economy (1985) has been translated into Chinese (Nankai University Press, 1985) and is widely read in China.  He has advised the Chinese State Education Commission on economics education in China, the Prime Minister and the State Commission for Restructuring the Economic System on economic reform in China. He is economic advisor to the Shandong Provincial Government and adviser to China’s Natural Science Foundation.
 
 

Selected Publications:

The Chinese Economy, Harper and Row, New York, 1985.

Dynamic Economics, Optimization by the Lagrange Method, Oxford University Press, 1997.

• China's Economy: Reform and Perspectives.