|Born||October 13, 1924|
|Died||August 20, 2000 75)(aged|
|Alma mater||Utrecht University|
| Pieter Hennipman |
Pieter de Wolff
Henri (Hans) Theil (October 13, 1924 – August 20, 2000) was a Dutch econometrician and professor at the Netherlands School of Economics in Rotterdam, known for his contributions to the field of econometrics.
Born in Amsterdam, Theil started to study mathematics and physics at Utrecht University in 1942. Later in World War II he was arrested and was imprisoned in Vught. After the war he started to study economics at the Gemeente-Universiteit Amsterdam, where in 1951 he received his PhD under Pieter Hennipman.
After graduation Theil started working as researcher for the Bureau for Economic Policy Analysis under Jan Tinbergen.In 1953 he was appointed Professor of Econometrics at the Netherlands School of Economics as successor of Jan Tinbergen. Here he founded the Econometric Institute in 1956, which he directed for ten years and was then succeeded by Jan Sandee. He also wrote Principles of Econometrics. In 1966 he moved to the United States, where he was appointed Professor of Econometrics and director of the Center for Mathematical Studies in Business and Economics at the University of Chicago. He also taught at the University of Florida.
Theil was awarded honorary degrees by the University of Chicago in 1964, by the Vrije Universiteit Brussel in 1973 and by the Erasmus University Rotterdam in 1983.In 1968 he was elected as a Fellow of the American Statistical Association. In 1980 he became correspondent of the Royal Netherlands Academy of Arts and Sciences.
Theil is best known for his invention of the widely used two-stage least squares (2SLS) method in 1953.This estimation technique greatly simplified estimation of simultaneous equation models of the economy and came into widespread use for this purpose.
He is also known for the Theil index, a measure of entropy, which belongs to the class of Kolm-Indices and is used as an inequity indicator in econometrics.He is also responsible for the Theil–Sen estimator for robust regression. Theil's archives are kept at Hope College.
Theil published a series of books and numerous articles. Books:
Jan Tinbergen was an important Dutch economist. He was awarded the first Nobel Memorial Prize in Economic Sciences in 1969, which he shared with Ragnar Frisch for having developed and applied dynamic models for the analysis of economic processes. He is widely considered to be one of the most influential economists of the 20th century and one of the founding fathers of econometrics. It has been argued that the development of the first macroeconometric models, the solution of the identification problem, and the understanding of dynamic models are his three most important legacies to econometrics. Tinbergen was a founding trustee of Economists for Peace and Security. In 1945, he founded the Bureau for Economic Policy Analysis (CPB) and was the agency's first director.
Lawrence Robert Klein was an American economist. For his work in creating computer models to forecast economic trends in the field of econometrics in the Department of Economics at the University of Pennsylvania, he was awarded the Nobel Memorial Prize in Economic Sciences in 1980 specifically "for the creation of econometric models and their application to the analysis of economic fluctuations and economic policies." Due to his efforts, such models have become widespread among economists. Harvard University professor Martin Feldstein told the Wall Street Journal that Klein "was the first to create the statistical models that embodied Keynesian economics," tools still used by the Federal Reserve Bank and other central banks.
Tjalling Charles Koopmans was a Dutch-American mathematician and economist. He was the joint winner with Leonid Kantorovich of the 1975 Nobel Memorial Prize in Economic Sciences for his work on the theory of the optimum allocation of resources. Koopmans showed that on the basis of certain efficiency criteria, it is possible to make important deductions concerning optimum price systems.
Erasmus University Rotterdam is a public university located in Rotterdam, Netherlands. The university is named after Desiderius Erasmus Roterodamus, a 15th-century humanist and theologian.
The Bureau for Economic Policy Analysis is a part of the Ministry of Economic Affairs and Climate Policy of the Netherlands. Its goal is to deliver economic analysis and forecasts. In this process, the CPB tries to be scientifically sound and up-to-date. The CPB is an independent government agency founded at 15 September 1945 by Nobel laureate Jan Tinbergen. On 21 April 1947, it obtained its legal basis. It is located in The Hague, on Bezuidenhoutseweg.
Hugo Christiaan Hamaker was a Dutch scientist, who was responsible for the Hamaker theory which explains the van der Waals forces between objects larger than molecules. His 1937 paper was heavily cited.
Pieter (Piet) Rietveld was a Dutch economist and Professor in Transport Economics at the Vrije Universiteit, Amsterdam, and a fellow at the Tinbergen Institute. He was among the top researchers in economic geography according to IDEAS/RePEc.
The Tinbergen Institute is a joint institute for research and education in economics, econometrics and finance of the University of Amsterdam, the VU University Amsterdam and the Erasmus University Rotterdam. The institute was founded in 1987 and is named after the Dutch economist Jan Tinbergen, a Nobel prize-winning professor at the Erasmus University Rotterdam.
Econometric Institute at the Erasmus University Rotterdam is a leading research institute in the fields of econometrics and management science in the Netherlands. The Institute offers advanced education in econometrics. It was founded in 1956 by Henri Theil in cooperation with Jan Tinbergen.
Jan Sandee was a Dutch economist, consultant and Professor of Econometrics at the Netherlands School of Economics, Rotterdam, who headed the Econometric Institute from 1966 to 1971.
Willem Hendrik Somermeyer was a Dutch economist, Professor in Econometrics at the Erasmus University Rotterdam, and member of the Royal Netherlands Academy of Arts and Sciences, particularly known for his consumption-savings model.
Teunis (Teun) Kloek is a Dutch economist and Emeritus Professor of Econometrics at the Erasmus Universiteit Rotterdam. His research interests centered on econometric methods and their applications, especially nonparametric and robust methods in econometrics.
Herman Koene van Dijk is a Dutch economist Professor Emeritus at the Econometric Institute of the Erasmus University Rotterdam, known for his contributions in the field of Bayesian analysis.
Harm Bart is a Dutch mathematician, economist, and Professor of Mathematics at the Erasmus University Rotterdam, particularly known for his work on "factorization problems for matrix and operator functions."
Antonius Cornelis Franciscus (Ton) Vorst is a Dutch financial engineer and mathematician, Professor at the department of Finance of the Vrije Universiteit in Amsterdam, and Director of the VU Amsterdam School of Finance and Risk Management.
Philippus Henricus Benedictus Franciscus "Philip Hans" Franses is a Dutch economist and Professor of Applied Econometrics and Marketing Research at the Erasmus University Rotterdam, and dean of the Erasmus School of Economics, especially known for his 1998 work on "Nonlinear Time Series Models in Empirical Finance."
Jan Salomon (Mars) Cramer was a Dutch economist, Professor of Statistics and Econometrics at the University of Amsterdam, known for his work of empirical econometrics.
Anthonius Wilhelmus Johannes (Antoon) Kolen was a Dutch mathematician and Professor at the Maastricht University Department of Quantitative Economics. known for his work on dynamic programming, such as interval scheduling, and mathematical optimization.
Christiaan Heij is a Dutch mathematician, Assistant Professor in statistics and econometrics at the Econometric Institute at the Erasmus University Rotterdam, known for his work in the field of mathematical systems theory, and econometrics.