Focusing on recent advances in econometric theory and applications, the 3rd Beihang IEB Forum was held at the Conference Center of New Main Building on June 19. From over 30 universities or institutes at home and abroad, scholars gathered at Beihang to exchange their latest findings and discuss the issues at the frontiers of econometrics.
Hosted by Prof. Fan Ying, Dean of the School of Economics and Management, the conference began with an address by Prof. Fang Jiancheng, Vice President of Beihang University, who introduced Beihang’s development strategy of building a world-class university rooted in China and stressed the importance of developing economics and business. He also thanked peers around the world for their support and help.
Following him, Prof. Liu Yuanchun, Vice President of Renmin University of China, delivered a speech that recognized the significance of the forum in the development of econometrics in China and praised Beihang’s relentless efforts in building up economic subjects on the basis of its advantages in science and engineering disciplines. Following him, Prof. Li Tong, Overseas Dean of the Institute of Economics and Business, expressed his gratitude for the support to the institute and invited the audience to visit Beihang often.
Next, the keynote speech officially raised the curtain on the academic feast. Titled “Measuring the Effects of Social Programs: Panel Data versus Cross-Sectional Data”, the speech was delivered by Prof. Hsiao Zheng, Chair Professor of University of Southern California and Fellow of the Econometric Society. Prof. Hsiao specifically introduced the applications of panel data and cross-sectional data in studies of the disposition effect of policies as well as the similarities and differences between the two kinds of data. Using the example of how China’s high-speed railway lines facilitate the economic development of regions along them, he pointed out the differences in conclusions caused by different hypotheses behind the two data types. His speech illustrated the profound econometric theories and methods as well as their importance in a simple way.
In the Guest Speech section, a variety of brilliant speeches were given by more than 20 scholars from all over the world, including Prof. Cai Zongwu from the University of Kansas, Prof. Hong Han from Stanford University, Prof. Jean-Marie Dufour from McGill University, Prof. Aman Ullah from the University of California, Riverside, Prof. Gao Jiti from Monash University, Prof. Fang Ying from Xiamen University and so on.
Beihang IEB Forum is an international academic conference hosted by the Institute of Economics and Business and the School of Economics and Management of Beihang University. It is intended to provide a platform for economic and business scholars around the world to exchange with each other and to promote the development of Beihang’s economic and business subjects. The third forum reached a new high in terms of scale and academic level, representing a milestone in rendering the Institute of Economics and Business world-class.
Reported by Pu Ke
Edited by Song Chao
Translated by Li Mingzhu