Mohammad Hashem Pesaran

Mohammad Hashem Pesaran ( born March 30, 1946 in Shiraz, Iran) is an Iranian economist, University Lecturer in Economics at the University of Southern California and Professor Emeritus at Cambridge University. Pesaran among the world's strongest research economists and has made significant contributions to research 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.

Training

Pesaran earned a B.Sc. in 1968 in Economics with statistics as a minor subject from the University of Salford and attended Cambridge University hereafter to him in 1972 a Ph.D. lent in Economics and a Master of Arts in 2003. During his studies at Cambridge University Pesaran spent 1970/1971 a year abroad at Harvard University.

Professional career

After receiving his doctorate Pesaran returned to Iran, where he first worked as an assistant to the Vice - Governor of the Central Bank of Iran (1973-1974) and then as head of the economic research department of the Central Bank (1974-1976), before he became under-secretary in the Iranian Ministry of Education (1977-1978 ). In 1979, Pesaran the UK at Cambridge University, where he worked first as a Teaching Fellow ( 1979-1988 ), Director of Studies of Economics at Trinity College and Lecturer ( 1979-1985 ), before 1985 lecturer and in 1988, Professor of Economics Professional and was promoted Fellow at Trinity College. During his career at Cambridge University, he was the Director of The Centre for International Macroeconomics and Finance ( CIMF ) ( 2005-2008). 2012 Pesaran Emeritus at Cambridge University and became a Fellow of Trinity College. In addition to his teaching at Cambridge University Pesaran was temporarily Professor of Economics and Director of the Program of Applied Econometrics 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 Professor of Economics ( since 2005) and Director of the Centre for Applied Financial Economics Dornsife at the University of Southern California (USC ) (since 2012).

In addition, Pesaran works as an editor of the Iranian Journal of Economic Studies (since 2010), International Review of Economics & Finance ( since 2010) and the Review of Middle East Economics and Finance (since 2007), was formerly editorial 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 has worked in 1986, the Journal of Applied Econometrics co-founded.

Since 2013 it is one of Thomson Reuters due to the number of its citations to favorites to a Nobel Prize (Thomson Reuters Citation Laureates ).

Research

According to the economics publication database IDEAS Pesaran part in the overall ranking among the best percent of the strongest research economists (Rank 30). Even under criteria such as " number of citations " or " body of work " is one of Pesaran clearly in the top 5 % of the economists included in the database. The most cited articles Pesarans is entitled " Testing for unit roots in heterogeneous panels" (2003) and was co-authored with Kyung So Im and Shin Yongcheol. In this article, develop Im Pesaran and Shin unit root tests for dynamic heterogeneous panels on the basis of the average of individual unit root statistics.

General include the econometric analysis of heterogeneous panels with unobserved common effects, panel unit root tests, testing and modeling of weak and strong cross section dependence, the analysis of Panelvektoriellen autoregressive models ( PVAR models), long-term structural macroeconomic modeling, global vectorautoregressive modeling, economic and public finance forecasting with structural breaks, financial econometrics (especially credit risk analysis and portfolio optimization), the testing of Kapitalgutpreismodellen, the econometric analysis of untested models and the empirical observation of economic growth.