On the morning of navember 9, Professor Chen Songnian, Chair Professor of Hong Kong University of Science and Technology and internationally famous econometrician, visited Lixin. President Tang Haiyan received the distinguished guest. Tang welcomed Chen at first. Then, the two parties proceeded with the in-depth communication and discussions on how to further develop the international academic researches of Lixin, how to invite high-end oversea experts and introduce high-level talents to share advanced achievements, and how to guide the scientific research team in improving the researches in the fields related to international trade and commerce. Heads of the School of International Economics and Trade attended the meeting.
In the afternoon, Chen Songnian gave an academic lecture titled Instrumental Variables Quantile Regression with Censoring in the School of International Economics and Trade, explained in details the economic meanings of quantile regression, including how to correctly understand and interpret the results of quantile regression, explained profound theories by introducing cases in various fields in simple language, and talked about the advantages of quantile regression. Besides, he also reviewed the existing literature on quantile regression and elaborated the improvement to such method on its limitation put forward in his paper. This paper filled in the gap in this field of econometrics. This is a significant contribution in terms of both theory and application. During the lecture, Professor Chen Songnian had a heated discussion with the participants and offered detailed explanation of and guidance on the application problems raised by the participants, who had an initial understanding of the correct way to use the cutting-edge metering method after the lecture.
Graduated from the Department of Economics, Princeton University with a doctor’s degree in economics, Chen Songnian has profound academic attainments in econometrics, especially micro-econometrics, and is internationally well-known for his researches in the fields like censored regression, sample selection model, semi-parametric transformation model, and quantile regression.
