Abstract
Lawrence Robert Klein, pioneer in economic model building and in econometric forecasting and policy analysis in industry and government, was awarded the Nobel Memorial Prize in economic sciences in 1980. He has established the directions and accelerated the development of the theory, methodology and practice of econometric modelling since the 1940s. He has provided a training ground in applied econometrics for academicians and practitioners worldwide. Lawrence Klein continues to develop and apply econometric methodology for high-frequency forecasting, using weekly and daily information, and for analysing current world economic issues.
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Mariano, R.S. (2018). Klein, Lawrence R. (Born 1920). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2423
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2423
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