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**Herman Koene van Dijk** (born 1947) 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.

An **economist** is a practitioner in the social science discipline of economics.

**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.

**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.

Van Dijk received his BA in Economics in 1967 and his Doctorandus degree in Economics in 1969 both at the University of Groningen. He went to the States, where he received his MA in Economics in 1972 from the State University of New York at Buffalo. Back in The Netherlands he received his PhD in Econometrics in 1984 from the Erasmus University Rotterdam ^{ [1] } under the supervision of Teun Kloek for the thesis "Posterior analysis of econometric models using Monte Carlo integration."

**Economics** is the social science that studies the production, distribution, and consumption of goods and services.

The **University of Groningen** is a public research university in the city of Groningen in the Netherlands. The university was founded in 1614. Since its founding more than 200,000 students have graduated.

**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.

After graduation Van Dijk started his academic career as Assistant Professor at the Econometric Institute at the Erasmus University Rotterdam, were in 1994 he is appointed Professor of Econometrics at the Econometric Institute. From 1992 to 1998 he was first Director of the Tinbergen Institute, and later from 2008 to 2010. From 1998 to 2003 he was Director of the Econometric Institute as successor of Ton Vorst, and succeeded by Philip Hans Franses.

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.

**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.

**Philip Hans B. F. 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."

Van Dijk has been Visiting Professor at Cambridge University, the Catholic University of Louvain, Harvard University, Duke University, Cornell University, and the University of New South Wales. He has been referent, editor and on the editorial board of journals and other publications in the field of econometrics. And he has chaired and co-chaired many conferences in the field.^{ [1] }

In 1984 Van Dijk was awarded for his PhD dissertation The Savage Award by the International Society for Bayesian Analysis. He has been listed among the top ten European econometricians^{ [2] } and is elected Fellow at the International Society of Bayesian Analysis; Fellow at the Rimini Center for Economic Analysis; Fellow of * Journal of Econometrics * in 2001, and Honorary Fellow of the Tinbergen Institute in 2005.

The * Journal of Econometrics* is a scholarly journal in econometrics. It was first published in 1973. Its current editors are A. Ronald Gallant, John Geweke, Cheng Hsiao, and Peter M. Robinson.

Van Dijk's research interests are in the field of "Bayesian inference using simulation techniques, time series econometrics, neural networks, and income distributions."^{ [3] }

The 1984 "Posterior analysis of econometric models using Monte Carlo integration," was written as doctoral dissertation at the Erasmus University Rotterdam. In this work Van Dijk^{ [4] } discussed "the use of Monte Carlo integration methods for the computation of the multivariate integrals that are defined in the posterior moments and densities of the parameters of interest of econometric models."^{ [5] }

In "Econometric methods with applications in business and economics" (2004) Christiaan Heij et al. stated, that "nowadays applied work in business and economics requires a solid understanding of econometric methods to support decision-making."^{ [6] }

This textbook takes a learning by doing approach, and "covers basic econometric methods (statistics, simple and multiple regression, nonlinear regression, maximum likelihood, and generalized method of moments), and addresses the creative process of model building with due attention to diagnostic testing and model improvement. Its last part is devoted to two major application areas: the econometrics of choice data (logit and probit, multinomial and ordered choice, truncated and censored data, and duration data) and the econometrics of time series data (univariate time series, trends, volatility, vector autoregressions, and a brief discussion of SUR models, panel data, and simultaneous equations)."^{ [6] }

Van Dijk has authored and co-authored over 180^{ [1] } papers, reports and books.^{ [7] } Books, a selection:

- Van Dijk, H. K.
*Posterior analysis of econometric models using Monte Carlo integration*. Doctoral dissertation. Rotterdam : Erasmus Universiteit, 1984. - Heij, C., De Boer, P., Franses, P. H., Kloek, T., & Van Dijk, H. K. (2004).
*Econometric methods with applications in business and economics.*Oxford University Press.

Articles, a selection:^{ [8] }

- Kloek, Teun, and Herman K. Van Dijk. "Bayesian estimates of equation system parameters: an application of integration by Monte Carlo." Econometrica: Journal of the Econometric Society (1978): 1-19.
- Schotman, Peter C., and Herman K. Van Dijk. "On Bayesian routes to unit roots." Journal of Applied Econometrics 6.4 (1991): 387-401.
- Kleibergen, Frank, and Herman K. Van Dijk. "On the shape of the likelihood/posterior in cointegration models." Econometric Theory 10 (1994): 514-514.
- Paap, Richard, and Herman K. Van Dijk. "Distribution and mobility of wealth of nations." European Economic Review 42.7 (1998): 1269-1293.

**Econometrics** is the application of statistical methods to economic data in order to give empirical content to economic relationships. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference". An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships". The first known use of the term "econometrics" was by Polish economist Paweł Ciompa in 1910. Jan Tinbergen is considered by many to be one of the founding fathers of econometrics. Ragnar Frisch is credited with coining the term in the sense in which it is used today.

**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.

In statistics, **Markov chain Monte Carlo** (**MCMC**) methods comprise a class of algorithms for sampling from a probability distribution. By constructing a Markov chain that has the desired distribution as its equilibrium distribution, one can obtain a sample of the desired distribution by observing the chain after a number of steps. The more steps there are, the more closely the distribution of the sample matches the actual desired distribution.

**Henri (Hans) Theil** was a Dutch econometrician, Professor at the Netherlands School of Economics in Rotterdam, known for his contributions to the field of econometrics.

**Arnold Zellner** was an American economist and statistician specializing in the fields of Bayesian probability and econometrics. Zellner contributed pioneering work in the field of Bayesian analysis and econometric modeling.

**Bayesian econometrics** is a branch of econometrics which applies Bayesian principles to economic modelling. Bayesianism is based on a degree-of-belief interpretation of probability, as opposed to a relative-frequency interpretation.

**Jan Brinkhuis** is a Dutch mathematician, and Associate Professor of Finance and Mathematical Methods and Techniques at the Econometric Institute of Erasmus University Rotterdam, specialized in the theory and application of optimization theory and game theory.

**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.

**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."

**Albert Peter Marie (Albert) Wagelmans** is a Dutch economist and Professor of Management Science at the Erasmus School of Economics (ESE) of the Erasmus University Rotterdam working in the fields of mathematical optimization methods for production, public transport and health care planning.

**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.

**Sylvia Frühwirth-Schnatter** is an Austrian statistician and professor of applied statistics and econometrics at the Vienna University of Economics and Business. She is known for her research in Bayesian analysis and is currently the President-elect of the International Society for Bayesian Analysis.

- 1 2 3 Herman K. van Dijk at few.eur.nl, 2013
- ↑ Baltagi, Badi H. "Worldwide institutional rankings in econometrics: 1989-1995." Econometric Theory 14.1 (1998): 1-43.
- ↑ H.K. (Herman) van Dijk at erim.eur.nl. Accessed Sept 10, 2013.
- ↑ Van Dijk, (1984, Chapter 3)
- ↑ Van Dijk, Herman K., J. Peter Hop, and Adri S. Louter. "An algorithm for the computation of posterior moments and densities using simple importance sampling."
*The Statistician*(1987): 83-90. - 1 2 Christiaan Heij et al. (2004)
- ↑ List of publications at National Library of the Netherlands.
- ↑ Herman K. van Dijk Google Scholar profile

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