Chinese scholar Ju Jiandong has been nominated as a Nobel Economic Prize candidate for his contributions in economic theory, including the intertemporal model and the balance of payments.

Ju combined the dynamic intertemporal model in macroeconomics with the structural analysis model in microeconomics, and has constructed a dynamic structural analysis method, which he applied to the international balance of payments theory. He did this work in cooperation with Professor Wei Shangjin of Columbia University and Professor Shi Kang at the Chinese University of Hong Kong.

Currently a professor at the Tsinghua University School of Economics and Management, Ju studied and worked in the U.S. for 25 years. In 2014, he returned to China to become dean of the International Business Management School of Shanghai University of Finance and Economics.

Ju discovered that it was the balanced phenomenon of economic structural differences between developed countries and developing countries that contributed to the international balance of payment surpluses in developing countries. By applying this theory to the industrial dynamic structural theory with Professors Justin Yifu Lin and Wang Yong of Work Bank and Hong Kong University of Science and Technology, Ju created a dynamic model for industry upgrades and economic structural adjustment.

Ju was nominated for the Nobel by Professor Xie Danyang of Hong Kong University of Science and Technology and Wuhan University.