Economics and Finance

Economics and Finance

Canterbury Distinguished Professor Clive Granger awarded a Knighthood in New Year’s Honours

Clive W. J. Granger KB

Canterbury Distinguished Professor Clive Granger was awarded a knighthood in New Year’s Honours in 2005. Sir Clive, who is a regular visitor to the Department of Economics at the University of Canterbury, was made a Canterbury Distinguished Professor last year. Among the long list of honours he holds is the Nobel Prize in Economics awarded in 2003. Sir Clive chose to retain his British citizenship although he has held the position of Professor at the University of California, San Diego since 1974.

Sir Clive was visiting the University of Canterbury in October 2003 – the day his Nobel Prize was announced – and was immediately the centre of attention from the world’s media eager for interviews and his opinions. He was obliged to cut short that visit to Canterbury in order to attend the award ceremonies in Stockholm. To make up for that early departure Sir Clive made an extended return visit to Canterbury in 2004 and it was during this visit that he received the Palace enquiry to see if he would accept the knighthood.

Professor Granger has made regular annual visits to the University of Canterbury; in 2000 he visited as an Erskine scholar. He is the author of 12 books and some 250 learned articles. At his visit last October he was guest of honour at the official opening of the new College of Business and Economics at the University of Canterbury.


[pictured here at the opening ceremony with his wife Patricia and the Pro-Vice Chancellor for the College, Professor Nigel Healey.]

In November Professor Granger delivered the inaugural presentation in the Annual Public Lecture of the College of Business and Economics under the title “The Economics of Peace” which considered how the economy of a country at peace might be used to keep the peace. This lecture has since been revised and delivered to a symposium on peace in Bangkok.

Commenting on the news of the Knighthood, Professor Les Oxley of the Economics Department said it was richly deserved: Clive is a wonderful inspiration to any and everyone who comes under his influence and it is a wide influence as he shares his time unselfishly with everyone who seeks it. The citation for his Nobel Prize was for methods of analyzing economic time series with common trends (cointegration)”. No self respecting applied econometrician using time series analysis can avoid the issues he raised and solved. Clive Granger developed one of the major breakthroughs in the understanding of economic data and his work is now routinely taught to our students and used by our policy making institutions.

Professor Clive Granger will be visiting the University of Canterbury again this October.

May 2006