During his lifetime, Professor Clive W. J. Granger received many honors and accolades in recognition of his work as one of the globe's leading economists; he was a Nobel laureate who was inducted into the Order of Knight Bachelor by Her Majesty Queen Elizabeth II of England and voted into a list of 100 Welsh Heroes.
He held several honorary doctoral degrees and was named a corresponding fellow of the British Academy and a distinguished fellow of the American Economics Association. Now, another honor can be added to the list: the establishment of the Sir Clive W. J. Granger Endowed Chair in Econometrics at the University of California, San Diego.
"Clive was an inspiration to the department of economics," said Jeff Elman, dean of the Division of Social Sciences. "He was widely admired by his colleagues and greatly appreciated by his students. It seems only appropriate an endowed chair is established in his name."
One of two named endowed chairs in economics, the Granger Chair will help recruit or retain key faculty to the department of economics in the Division of Social Sciences. At the request of Granger, the chair will be a term chair, rotating to a new faculty member every five years.
The department is world-renowned as a powerhouse in econometric theory, a sub-discipline of economics which uses quantitative techniques for economic forecasting. The ability to recruit stellar faculty will help maintain the department's high standing and keep the university competitive with peer institutions.