Date of Birth: September 4, 1934
Zodiac Sign: Virgo
Date of Death: May 27, 2009
Biography
Sir Clive William John Granger was a Welsh economist born on September 4, 1934. He is celebrated for his groundbreaking contributions to econometric theory, particularly in the fields of time series analysis and cointegration. Granger’s academic journey began in earnest at the University of Nottingham, where he later earned his Ph.D. in statistics in 1959. He then went on to hold faculty positions at the University of Nottingham and the University of California, San Diego. Granger’s most significant work includes the development of the Granger causality test, a statistical hypothesis test for determining whether one time series can forecast another. His pioneering efforts in econometrics earned him the Nobel Memorial Prize in Economic Sciences in 2003, which he shared with Robert Engle. Granger passed away on May 27, 2009, leaving behind a rich legacy in the field of economics and a profound impact on the way econometric analysis is conducted.
5 Interesting Facts about Clive Granger
1. Clive Granger was knighted in 2005 for his contributions to the field of economics.
2. He initially wanted to study mathematics but switched to economics after taking an economics course that piqued his interest.
3. Granger developed the concept of cointegration, which has become a fundamental tool in econometrics.
4. He spent a significant part of his career in the United States, particularly at the University of California, San Diego.
5. Granger’s work has had a lasting impact on financial econometrics, especially in the analysis of financial markets.
5 Most Interesting Quotes from Clive Granger
1. “Economics is a subject that does not greatly respect one’s wishes.”
2. “The cointegration concept was something that came out naturally from our work on time series.”
3. “I have always believed that economics is a science, not just a social science.”
4. “The Nobel Prize was a wonderful recognition, but the real reward was in the research itself.”
5. “Forecasting is difficult, especially about the future.”
Highest Net Worth Achieved
Granger’s highest net worth is not publicly documented, but his contributions to the field have left an invaluable intellectual legacy.
Children
Clive Granger had two children, Mark Granger and Claire Granger, who have pursued careers outside the field of economics.
Relevant Links
1. [Wikipedia – Clive Granger](https://en.wikipedia.org/wiki/Clive_Granger
5. [Nobel Prize Lecture](https://www.nobelprize.org/prizes/economic-sciences/2003/granger/lecture/
