VŠE awarded an honorary doctorate to Professor M. Hashem Pesaran
On Friday, 20th May, 2016, the British economist, M. Hashem Pesaran, was conferred with the honorary degree of “Doctor Oeconomiae Honoris Causa” from the Rector of the University of Economics (VŠE), prof. Ing. Hana Machková, CSc.
The degree of Doctor Honoris Causa is awarded by the VŠE to those people who have made particularly important contributions to science, both theoretically and practically, especially in the sphere of economics. M. Hashem Pesaran is Emeritus Professor of Economics at the University of Cambridge and is Professor of Economics at the University of Southern California, where he is also the Director of the USC Dornsife Centre for Applied Financial Economics. Professor Pesaran is a leading world expert in applied econometrics, the quantitative analysis of financial markets, macro-econometric modeling, the econometric analysis of time series and panel data.
The Scientific Council of the VŠE decided to award the honorary degree of “Doctor Oeconomiae Honoris Causa” to Professor Pesaran on foot of a proposal by the Scientific Council of the Faculty Informatics and Statistics of the VŠE. The conferral ceremony was held in the Vencovského auditorium of the University of Economics. It was attended by almost 220 guests, rectors and vice-rectors of eighteen Czech universities, as well as several ambassadors. During the conferral ceremony Prof. Pesaran gave a speech on the topic „Oil Booms and Busts and the Global Economy“. The speech was dedicated to the problems of oil prices fluctuation and its influence on the global and local economics.
Econometrics is a discipline which is concerned with the construction, empirical verification and practical application of econometric models in order to analyze the relationships between economic variables, and to make predictions based on the findings. In econometrics, the mathematical and statistical methods are irreplaceable. Econometric analysis is based on statistical data of an economic nature, whose sources are, in particular, the national statistical offices and central banks. The results of empirical econometric analyses are important and efficient support materials for decision-making at government level, in financial institutions, as well as in manufacturing enterprises. Professor M. Hashem Pesaran is the world’s leading authority in the field of econometrics. He has published more than 170 works in leading international journals. His work has also been published in 13 books. According to the news agency Thomson Reuters, Professor Pesaran currently ranks among the most important economists in the world.