G. S. Maddala
Encyclopedia
Gangadharrao Soundalyarao "G. S." Maddala (May 21, 1933 – June 4, 1999) was an India
n-American economist
and mathematician
, best known for his work in the field of econometrics
.
Maddala was born in India to a family of very modest means. In 1963 he completed his Ph.D.
in the Department of Economics as a Fulbright Scholar at the University of Chicago
with a thesis written under the supervision of Zvi Griliches
. Before that, he had received a B.A.
in Mathematics from Andhra University
and an M.A.
in Statistics
from Bombay University. Maddala held the University Eminent Scholar position at Ohio State University
upon his death; previous university affiliations included Stanford University
(1963–1967), University of Rochester
(1967–1975), and the University of Florida
(1975–1993).
Maddala published over 110 scholarly papers and wrote 12 books covering most of the emerging areas of econometrics. His 1983 book titled Limited Dependent and Qualitative Variables in Econometrics is now regarded as a classic and seminal text for advanced studies in econometrics
.
In Econometric methodology, Maddala’s key areas of research and exposition included distributed lags, generalized least squares, panel data, simultaneous equations, errors in variables, income distribution, switching regressions, disequilibrium models, qualitative and limited dependent variable models, self-selection models, outliers and bootstrap methods, unit roots and cointegration
methods, and Bayesian econometrics. In empirical economics, Maddala contributed to the areas of consumption, production and cost functions, money demand, regulation, pseudo-data, returns to college education, housing market discrimination
, survey data on expectations, and risk premia in future markets.
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n-American economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and mathematician
Mathematics
Mathematics is the study of quantity, space, structure, and change. Mathematicians seek out patterns and formulate new conjectures. Mathematicians resolve the truth or falsity of conjectures by mathematical proofs, which are arguments sufficient to convince other mathematicians of their validity...
, best known for his work in the field of econometrics
Econometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
.
Maddala was born in India to a family of very modest means. In 1963 he completed his Ph.D.
Ph.D.
A Ph.D. is a Doctor of Philosophy, an academic degree.Ph.D. may also refer to:* Ph.D. , a 1980s British group*Piled Higher and Deeper, a web comic strip*PhD: Phantasy Degree, a Korean comic series* PhD Docbook renderer, an XML renderer...
in the Department of Economics as a Fulbright Scholar at the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
with a thesis written under the supervision of Zvi Griliches
Zvi Griliches
Hirsh Zvi Griliches was an economist at Harvard University. He was born in Kaunas, Lithuania in an assimilated Jewish family that spoke Russian at home. During World War II he was sent to the Dachau concentration camp...
. Before that, he had received a B.A.
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
in Mathematics from Andhra University
Andhra University
Andhra University or Andhra Viswa Kala Parishad , located in Visakhapatnam, north east coastal Andhra Pradesh, is one of the older premier universities in India with a broad focus...
and an M.A.
Master of Arts (postgraduate)
A Master of Arts from the Latin Magister Artium, is a type of Master's degree awarded by universities in many countries. The M.A. is usually contrasted with the M.S. or M.Sc. degrees...
in Statistics
Statistics
Statistics is the study of the collection, organization, analysis, and interpretation of data. It deals with all aspects of this, including the planning of data collection in terms of the design of surveys and experiments....
from Bombay University. Maddala held the University Eminent Scholar position at Ohio State University
Ohio State University
The Ohio State University, commonly referred to as Ohio State, is a public research university located in Columbus, Ohio. It was originally founded in 1870 as a land-grant university and is currently the third largest university campus in the United States...
upon his death; previous university affiliations included Stanford University
Stanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
(1963–1967), University of Rochester
University of Rochester
The University of Rochester is a private, nonsectarian, research university in Rochester, New York, United States. The university grants undergraduate and graduate degrees, including doctoral and professional degrees. The university has six schools and various interdisciplinary programs.The...
(1967–1975), and the University of Florida
University of Florida
The University of Florida is an American public land-grant, sea-grant, and space-grant research university located on a campus in Gainesville, Florida. The university traces its historical origins to 1853, and has operated continuously on its present Gainesville campus since September 1906...
(1975–1993).
Maddala published over 110 scholarly papers and wrote 12 books covering most of the emerging areas of econometrics. His 1983 book titled Limited Dependent and Qualitative Variables in Econometrics is now regarded as a classic and seminal text for advanced studies in econometrics
Econometrics
Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on...
.
In Econometric methodology, Maddala’s key areas of research and exposition included distributed lags, generalized least squares, panel data, simultaneous equations, errors in variables, income distribution, switching regressions, disequilibrium models, qualitative and limited dependent variable models, self-selection models, outliers and bootstrap methods, unit roots and cointegration
Cointegration
Cointegration is a statistical property of time series variables. Two or more time series are cointegrated if they share a common stochastic drift.-Introduction:...
methods, and Bayesian econometrics. In empirical economics, Maddala contributed to the areas of consumption, production and cost functions, money demand, regulation, pseudo-data, returns to college education, housing market discrimination
Fair housing
In the United States, the fair housing policies date largely from the 1960s. Originally, the terms fair housing and open housing came from a political movement of the time to outlaw discrimination in the rental or purchase of homes and a broad range of other housing-related transactions, such as...
, survey data on expectations, and risk premia in future markets.
Selected publications
- Maddala, G.S. (1963). "Technological Change in the Bituminous Coal Industry, 1919-1954". Ph.D. dissertation, The University of Chicago, United States—Illinois.
- _____ (1983). Limited Dependent and Qualitative Variables in Econometrics, Cambridge. Description, and preview.
- _____ (1992). Introduction to Econometrics, 2nd ed., Macmillan.
External links
- G.S. Maddala, "How I Became an Econometrician", autobiographic essay
- Kajal Lahiri and Peter C.B. Phillips (1999), "Obituary: G.S. Maddala, 1939-1999", Econometric Theory 15
- Kajal Lahiri (1999), "The ET Interview: Professor G.S. Maddala", Econometric Theory 15