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Lawrence R. Klein and the Economic Forecasting – A Survey

Author

Listed:
  • Hall, Stephen George

    (Department of Economics, Leicester University, UK)

  • Roudoi, Andrei

    (IHS Global Insight, USA)

  • Albu, Lucian Liviu

    (Institute for Economic Forecasting, Romanian Academy)

  • Lupu, Radu

    (Institute for Economic Forecasting, Romanian Academy)

  • Calin, Adrian Cantemir

    (Institute for Economic Forecasting, Romanian Academy)

Abstract

Lawrence Robert Klein played a fundamental role in the genesis and development of econometric applications and forecasting. The work dedicated to forecasting earned him the 1980 Nobel Prize in Economic Sciences "for the creation of econometric models and their application to the analysis of economic fluctuations and economic policies”. His pioneering initiatives and his research that spanned over almost 70 years make L. R. Klein one of the key figures in macroeconomics and econometrics.

Suggested Citation

  • Hall, Stephen George & Roudoi, Andrei & Albu, Lucian Liviu & Lupu, Radu & Calin, Adrian Cantemir, 2014. "Lawrence R. Klein and the Economic Forecasting – A Survey," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 5-14, March.
    • Handle: RePEc:rjr:romjef:v::y:2014:i:1:p:5-14
    as

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    References listed on IDEAS

    as
    1. Klein, Lawrence R. & Özmucur, Süleyman, 2010. "The use of consumer and business surveys in forecasting," Economic Modelling, Elsevier, vol. 27(6), pages 1453-1462, November.
    2. Michel De Vroey & Pierre Malgrange, 2012. "From The Keynesian Revolution to the Klein-Goldberger model: Klein and the dynamization of Keynesian theory," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 20(2), pages 113-136.
    3. Kanta Marwah & Lawrence Klein, 1995. "What Are some Prospects for India's Joining the Asian Growth Process?," Carleton Economic Papers 95-04, Carleton University, Department of Economics, revised 1996.
    4. Lawrence R. Klein, 1951. "Studies in Investment Behavior," NBER Chapters, in: Conference on Business Cycles, pages 233-318, National Bureau of Economic Research, Inc.
    5. Klein, L. R., 2004. "China and India: Two Asian Economic Giants, Two Different Systems," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 4(1).
    6. Klein, Lawrence R., 1998. "Money and financial markets in Asian economies: A challenge to Asian Industrialization," Journal of Asian Economics, Elsevier, vol. 9(1), pages 1-11.
    7. Klein, Lawrence R., 2009. "Measurement of a shift in the world's center of economic gravity," Journal of Policy Modeling, Elsevier, vol. 31(4), pages 489-492, July.
    8. Lawrence R. Klein & T. Palanivel, 2000. "Economic Reforms and Growth Prospects in India," ASARC Working Papers 2000-03, The Australian National University, Australia South Asia Research Centre.
    9. Lawrence Klein, 2003. "Some Potential Linkages for Input-Output Analysis with Flow-of-Funds," Economic Systems Research, Taylor & Francis Journals, vol. 15(3), pages 269-277.
    10. Lawrence R. Klein, 1947. "Theories of Effective Demand and Employment," Journal of Political Economy, University of Chicago Press, vol. 55(2), pages 108-108.
    11. Lawrence R. Klein, 1964. "A Postwar Quarterly Model: Description and Applications," NBER Chapters, in: Models of Income Determination, pages 11-57, National Bureau of Economic Research, Inc.
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    More about this item

    Keywords

    Lawrence R. Klein; econometric model building;

    JEL classification:

    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General

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