Pietro Balestra (economist)

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Pietro Balestra
Born(1935-04-02)April 2, 1935
DiedJune 23, 2005(2005-06-23) (aged 70)
NationalitySwiss
Academic career
InstitutionUniversity of Geneva
University of Fribourg
University of Lugano
University of Dijon
FieldEconometrics
Alma materStanford University (Ph.D., 1965)
Contributionsthe econometrics of panel data

Pietro Balestra (April 2, 1935 – June 23, 2005) was a Swiss economist specializing in econometrics. He was born in Lugano and earned a B.A. in economics from the University of Fribourg. Balestra moved for graduate work to the University of Kansas (M.A in Economics) and Stanford University. He was awarded the Ph.D. in Economics by Stanford University in 1965.

Balestra returned to Switzerland as Professor of Economics and Econometrics at the University of Fribourg. He was also Associate Professor of Economics at the University of Dijon. In 1980 he was called to chair the Department of Econometrics at the University of Geneva.

Balestra continued to be active in his retirement years. He taught at the University of Lugano until his death.

Balestra his noted for his contributions to the econometrics of dynamic error components models, in particular for the generalized least squares estimator known as the Balestra–Nerlove estimator.[2][3] Balestra was one of the initiators of the foundation of the University of Lugano. His outside connections were critical in gathering support from the Swiss science council.[4] He was the first dean of the faculty of economics.

As the first treasurer of the European Economic Association, Balestra was instrumental in gathering financial support for this Pan-European scientific society.

Honours

  • Fellow the Econometric Society [5]
  • Fellow of the Journal of Econometrics
  • President of the Swiss society for economics and statistics

Major publications

  • "Pooling Cross-Section and Time Series Data in the Estimation of Dynamic Models: The Demand for Natural Gas". Econometrica. 34 (3). (with Marc Nerlove): 585–612. July 1966. doi:10.2307/1909771. JSTOR 1909771.{{cite journal}}: CS1 maint: others (link)
  • The Demand for Natural Gas in the United States. A Dynamic Approach for the Residential and Commercial Market. Amsterdam. 1967.{{cite book}}: CS1 maint: location missing publisher (link)
  • "On the Efficiency of Ordinary Least Squares in Regression Models". Journal of the American Economic Association. September 1970.
  • "Some Optimal Aspects in a Two Class Growth Model with a Differentiated Interest Rate". Kyklos. 2. (with Mauro Baranzini). 1971.{{cite journal}}: CS1 maint: others (link)
  • Calcul Matriciel pour Economistes. Albeuve. 1972.{{cite book}}: CS1 maint: location missing publisher (link)
  • "Best Quadratic Unbiased Estimators of the Variance-Covariance Matrix in Normal Regression". Journal of Econometrics. March 1973.
  • La derivation matricielle. Paris. 1976.{{cite book}}: CS1 maint: location missing publisher (link)
  • "A Note on the Exact Transformation Associated with the First Order Moving Average Process". Journal of Econometrics. December 1980.
  • "A Note on Amemiya's Partially Generalised Least Squares". Journal of Econometrics. 23. 1983.
  • "Full Information Estimation of a System of Simultaneous Equations with Error Component Structure". Econometric Theory. 3. (with J. Varadharajan-Krishnakumar): 223. 1987. doi:10.1017/s0266466600010318.{{cite journal}}: CS1 maint: others (link)
  • "Optimal Experimental Design for Error Components Models". Econometrica. 4. (with Dennis Aigner): 955–971. 1988. doi:10.2307/1912706.{{cite journal}}: CS1 maint: others (link)
  • Matyas, L.; Sevestre, P., eds. (1992). "Formulation and Estimation of Econometric Models for Panel Data". The Econometrics of Panel Data. (with Marc Nerlove). Amsterdam.{{cite book}}: CS1 maint: location missing publisher (link)

References

  1. ^ J. Krishnakumar, E. Ronchetti, Panel Data Econometrics: Future Directions, Papers in Honour of Professor Pietro Balestra, Elsevier, Amsterdam, 2000
  2. ^ See, for example, Hausman, J. A.; Taylor, W. E. (1981). "Panel Data and Unobservable Individual Effects". Econometrica. 49 (6): 1377–1398. doi:10.2307/1911406. JSTOR 1911406.
  3. ^ 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.
  4. ^ See Corriere del Ticino, june 24, 2005
  5. ^ See
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