Econometrics

Econometrics literally means 'economic measurement'. It is a combination of mathematical economics, statistics, economic statistics and economic theory.

People

"Nobel" Prize for Economic Sciences recipients in the field of econometrics:

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• Jan Tinbergen and Ragnar Frisch were awarded in 1969 (the first Nobel Price for Economic Sciences) for having developed and applied dynamic models for the analysis of economic processes
• Lawrence Klein, Professor of Economics at the University of Pennsylvania, was awarded in 1980 for his computer modeling work in the field.
• Trygve Haavelmo was awarded in 1989. His main contribution to econometrics was his 1944 article (published in Econometrica) "The Probability Approach to Econometrics".
• Daniel McFadden and James Heckman shared the award in 2000 for their work in microeconometrics. McFadden founded the econometrics lab at the University of California, Berkeley.
• Robert Engle and Clive Granger were awarded in 2003 for work on analysing economic time series. Engle pioneered the method of autoregressive conditional heteroskedasticity (ARCH) and Granger the method of cointegration.
• The Econometric Author Links of the Econometrics Journal provides personal links to recent articles and working papers of econometric authors via the RePEc system in EconPapers