Clive Granger

Profession: Economist

Nationality:

Biography: Clive Granger was a British economist who won the Nobel Prize in Economic Sciences in 2003. He shared the award with Robert F. Engle for their use of statistical methods in the analysis of time series data. Granger's contribution, known as Granger causality, has become a standard tool for testing causal relationships in economic data.

Granger's approach to econometrics introduced a new way of understanding statistical relationships between variables. His concept of "Granger causality" tests whether changes in one variable can predict changes in another variable, a crucial tool for economists and other social scientists.

Granger spent the majority of his academic career at the University of California, San Diego (UCSD), where his work on cointegration with Robert Engle fundamentally changed the way economists deal with long-run economic relationships. Cointegration is a framework for modeling the joint dynamics of variables that share a common long-run trend.

Born: September 4, 1934
Birthplace: Swansea, Wales

Generation: Silent Generation
Chinese Zodiac: Dog
Star Sign: Virgo

Died: May 27, 2009 (aged 74)