Mohammad Hashem Pesaran

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Mohammad Hashem Pesaran (born March 30, 1946 in Shiraz , Iran ) is an Iranian economist , professor of economics at the University of Southern California and emeritus of Cambridge University . Pesaran is one of the strongest research economists in the world and has made significant research contributions in the fields of macroeconomics , econometrics and econometric time series analysis. He is also one of the founding fathers of the Journal of Applied Econometrics .

education

Pesaran received a B.Sc. in Economics with Statistics as a minor from the University of Salford and then attended Cambridge University , which gave him a Ph.D. in Economics and a Master of Arts in 2003 . During his studies at Cambridge University, Pesaran spent a year abroad at Harvard University in 1970/1971 .

Professional background

After receiving his doctorate, Pesaran returned to Iran, where he first worked as Assistant to the Vice-Governor of the Iranian Central Bank (1973–1974) and then as Head of the Central Bank's Economic Research Department (1974–1976) before becoming Undersecretary in the Iranian Ministry of Education (1977-1988). In 1979 Pesaran came back to the UK at Cambridge University, where he was a teaching fellow (1979–1988), director of studies for economics at Trinity College and lecturer (1979–1985) before he was appointed lecturer in 1985 and in 1988 as professor for economics and was promoted to Professional Fellow at Trinity College. During his career at Cambridge University, he was director of the Center for International Macroeconomics and Finance (CIMF) (2005–2008). In 2012, Pesaran retired from Cambridge University and became a Fellow of Trinity College. While teaching at Cambridge University, Pesaran was temporarily Professor of Economics and Director of the Applied Econometrics program at the University of California, Los Angeles , Vice President of Tudor Investment Corporation (2000–2002) and Director of the Institute for Economic Policy Research (2004–2006), professor, holder of the John Elliott Professorship in Economics (since 2005) and Director of the Dornsife Center for Applied Financial Economics at the University of Southern California (USC) (since 2012).

Pesaran also works as editor of the Iranian Journal of Economic Studies (since 2010), the International Review of Economics & Finance (since 2010) and the Review of Middle East Economics and Finance (since 2007), and was previously an editor for the Journal of Economic Dynamics and Control (1995–2011), Econometrica (1984–1985), Econometric Theory (1984–1987) and the Cambridge Journal of Economics (1981–1989) and in 1986 co-founded the Journal of Applied Econometrics .

Since 2013 Thomson Reuters has counted him among the favorites for a Nobel Prize ( Thomson Reuters Citation Laureates ) due to the number of his citations .

research

According to the economic publications database IDEAS , Pesaran belongs to the top percent of the most research-strong economists (30th place) in the overall ranking. Also under criteria such as "number of citations" or "number of papers" Pesaran clearly belongs to the top 5% of the economists recorded in the database. Pesaran's most cited article is entitled " Testing for unit roots in heterogeneous panels " (2003) and was written together with Kyung So Im and Yongcheol Shin . In this article, Im, Pesaran, and Shin develop unit root tests for dynamic heterogeneous panels based on the average of individual unit root statistics.

In general, the econometric analysis of heterogeneous panels with unobserved common effects, panel unit root tests, the testing and modeling of weak and strong cross-sectional dependence (especially Pesaran's CD test), the analysis of panel vectorial autoregressive models (PVAR models), are long-term structural macroeconomic modeling, global vector autoregressive modeling, economic and financial forecasting in the event of structural breaks, financial econometrics (particularly credit risk analysis and portfolio optimization), testing capital goods price models, econometric analysis of untested models and empirical observation of economic growth .

Web links

source

Individual evidence

  1. ↑ 2013 Predictions at Thomson Reuters (sciencewatch.com); Retrieved September 25, 2013
  2. ↑ Overall ranking of the economic database IDEAS (English)
  3. ↑ Author profile of M. Hashem Pesaran on IDEAS (English)
  4. ↑ Im, Kyung So, M. Hashem Pesaran, Yongcheol Shin (2003): "Testing for unit roots in heterogeneous panels" (English)
  5. ↑ Pesaran, H. (2004), General Diagnostic Tests for Cross Section Dependence in Panels, CESifo Working Paper 1229.
  6. ^ Profile of M. Hashem Pesaran on the Cambridge University website (English)
personal data
SURNAME Pesaran, Mohammad Hashem
BRIEF DESCRIPTION Iranian economist, university professor
DATE OF BIRTH March 30, 1946
PLACE OF BIRTH Shiraz , Iran