Granger, Clive William John

Granger, Clive William John,

1934–2009, British economist, b. Swansea, Wales, Ph.D. Univ. of Nottingham, 1959. A specialist in econometrics, the use of statistics to study the economy, Granger taught at Univ. of Nottingham for much of 1956–73 and at Univ. of California, San Diego, during 1974–2003 (emeritus 2003–9). He studied sets of data over time, particularly so-called nonstationary data, which tend to grow over time rather than fluctuate around a given point. Working with Robert F. EngleEngle, Robert Fry, 3d,
1942–, American economist, b. Syracuse, N.Y., Ph.D. Cornell, 1969. He has been on the faculty of the Massachusetts Intitute of Technology (1969–75), Univ. of California, San Diego (1975–99), and New York Univ. (1999–).
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, he showed that way economists analyzed nonstationary data could produce erroneous results, and devised new ways of analyzing and understanding such data. Granger and Engle shared the Nobel Memorial Prize in Economic Sciences in 2003 for their work.