Marc Nerlove

Marc Leon Nerlove
Born(1933-10-12)October 12, 1933
DiedJuly 10, 2024(2024-07-10) (aged 90)
Years active1956–2016
Academic career
FieldAgricultural economics, econometrics
Institutions
Alma mater
Doctoral
advisor
Carl Christ
Doctoral
students
AwardsJohn Bates Clark Medal (1969)
Information at IDEAS / RePEc

Marc Leon Nerlove (October 12, 1933 – July 10, 2024) was an American agricultural economist and econometrician and a distinguished university professor emeritus in agricultural and resource economics at the University of Maryland.[1] He was awarded the John Bates Clark Medal from the American Economic Association (AEA) in 1969[2] and held appointments at eight different universities from 1958–2016. The Clark Medal is awarded to an economist under the age of 40 who “is judged to have made the most significant contribution to economic thought and knowledge”,[3] and when the AEA appointed him as a distinguished fellow in 2012, they cited his development of widely used econometric methods across a range of subjects, including supply and demand, time series analysis, production functions, panel analysis, and family demography.[4]

A widely known contribution by Nerlove in econometrics is the estimator for the random effects model in panel data analysis, which is implemented in most econometric software packages.[5]

  1. ^ "Marc L Nerlove". University of Maryland College of Agriculture & Natural Resources. Retrieved 2022-11-14.
  2. ^ "Marc Nerlove, Clark Medalist 1969". American Economic Association. 1969. Retrieved 2022-11-14.
  3. ^ "John Bates Clark Medal". American Economic Association. Retrieved 2022-11-14.
  4. ^ "Marc Nerlove, Distinguished Fellow 2012". American Economic Association. 2012. Retrieved 2022-11-14.
  5. ^ Dupont-Kieffer, Ariane; Pirotte, Alain (2011). "The Early Years of Panel Data Econometrics". History of Political Economy. 43 (Suppl 1): 258–282. doi:10.1215/00182702-1158754.

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