Marc Leon Nerlove (born October 12, 1933) is an American economist specializing in agricultural economics and econometrics. He is currently Distinguished University Professor Emeritus in Agricultural and Resource Economics at the University of Maryland after retiring in 2016.^[1] He is a second-generation Russian American, as his father, Samuel Henry Nerlove, was born in Vitebsk (now in Belarus) and brought to the United States as a baby.^[2] He credits his father for his interest in agricultural economics, as the elder Nerlove was educated at the University of Chicago in economics and became a professor there, in addition to also becoming a trustee and liquidator at the Security Life Insurance Company of America Trust for a time (which held mostly foreclosed midwestern farm mortgages).^[3] A widely known contribution by Nerlove in the field of econometrics is the estimator for the random effects model in panel data analysis, which is implemented in most econometric software packages.^[4]

Education

• 1952: B.A. with honors in mathematics and general honors from the University of Chicago.
• 1955: M.A. in economics from Johns Hopkins University; thesis: "The Predictive Test as a Tool for Research: The Demand for Meat in the United States".^[5]
• 1956: Ph.D. in economics with distinction from Johns Hopkins University; dissertation: Estimates of the Elasticities of Supply of Corn, Cotton, and Wheat; expanded and published in 1958 as The Dynamics of Supply: Estimation of Farmers' Response to Price.^[6][7]

Career

• 1953: Research Assistant, Cowles Commission for Research in Economics, University of Chicago.
• 1956–57: Analytical Statistician, Agricultural Marketing Service, United States Department of Agriculture.
• 1957–59: First Lieutenant, United States Army.
• 1958: Economist, Subcommittee on Antitrust and Monopoly, United States Senate Committee on the Judiciary.
• 1958: Visiting Lecturer, Department of Political Economy, Johns Hopkins University.
• 1959–60: Associate Professor of Economics and Agricultural Economics, University of Minnesota.
• 1960–65: Professor of Economics, Stanford University.
  • 1963–64: Ford Faculty Research Fellow in Economics.
• 1965–69: Professor of Economics, Yale University.
• 1969–74: Professor of Economics, University of Chicago.
• 1974–82: Cook Professor, Northwestern University.
• 1982–86: Professor of Economics, University of Pennsylvania.
• 1986–91: Research Fellow, International Food Policy Research Institute.
• 1986–93: University Professor of Economics, University of Pennsylvania.
• 1993–2016: Professor of Agricultural and Resource Economics, University of Maryland.
  • 1996–97: Wilson H. Elkins Professor.

Visiting appointments

• 1958–59: Lecturer in Political Economy, Johns Hopkins University.
• 1967–68: Frank W. Taussig Research Professor, Harvard University.
• 1968: University of Mannheim.
• 1971: University of British Columbia.
• 1974–78: Fundação Getulio Vargas (Brazil).
• 1979: Scholar-in-Residence, Rockefeller Foundation Bellagio Center.
• 1980–81: Fellow, Woodrow Wilson International Center for Scholars, Smithsonian Institution.
• 1982: Research Fellow, Research School of Social Science, Australian National University.
• 1983: Department of Statistics, University of Florence.
• 1984: Peking University.
• 1987: Institute of Economics, University of Siena.
• 1989: University of Bonn.
• 1990; 1991: Stockholm School of Economics.
• 1991: University of Geneva.
• 1996: National University of Tucumán (Argentina)
• 1997: Zentrum für Europäische Wirtschaftsforschung.
• 2002: IZA Institute of Labor Economics (Germany).

Professional activities

• Econometric Society:
  • 1961; 1975: Chair, Program Committee.
  • 1963–66; 1976–78: Council.
  • 1979: Second Vice-President; 1980: First Vice-President; 1981: President.
  • 1990: Chair, Frisch Medal Selection Committee; Chair, Nominating Committee for Officers and Council.
• International Economic Association:
  • 1989: Chair, Econometrics Section.
• American Economic Association:
  • 1977–79: Executive Committee.
  • 1970–72: Editorial Board, American Economic Review.
  • 1969–71: Editorial Board, Journal of Economic Literature.
  • 1964: Nominating Committee.
• American Statistical Association:
  • 1960–62: Associate Editor, Journal of the American Statistical Association.
  • 1964–69: Advisory Committee to the United States Census Bureau.
  • 1966–68: Advisory Committee to the Civil Aeronautics Board.
• Mathematical Social Science Board:
  • 1970: Director, Summer Workshop on "Lags in Economic Behavior: Their Interpretation and Estimation."

Awards and honors

• 1954–55: Research Training Fellow, Social Science Research Council.
• 1955–56: Earhart Foundation Fellow.
• 1956: Thesis and article awards, American Farm Economics Association; 1958: Publication award (shared with Frederick V. Waugh), 1961: Publication award; 1979: Enduring publication award (Distributed Lags and Demand Analysis).
• 1960: Fellow, Econometric Society.^[8][9]
• 1962–63: Fulbright Research Grantee and Guggenheim Fellow at the Econometric Institute.^[10]
• 1964: Fellow, American Statistical Association.^[11]
• 1969: John Bates Clark Medal, American Economic Association.^[12]
• 1979: Fisher Lecture, Second World Congress of the Econometric Society.
• 1971: Fellow, American Academy of Arts and Sciences.^[13]
• 1971–72: Senior Postdoctoral Fellow, National Science Foundation.
• 1975: Mahalanobis Memorial Medal, International Award, Indian Econometric Society; 1975–1976: Mahalanobis Memorial Lecturer.
• 1978–79: Guggenheim Fellow.^[14]
• 1979: Member, National Academy of Sciences.^[15]
• 1979: W. K. Kellogg Foundation 50th Anniversary Lecture, American Agricultural Economics Association.
• 1982: Doctor rerum politicarium honoris cause, University of Mannheim.^[16]
• 1987: Fulbright Lecturer in Italy
• 1991: Frederick V. Waugh Memorial Lecture (inaugural), American Agricultural Economics Association.
• 1993: Distinguished Fellow, American Agricultural Economics Association.^[17]
• 1994: Award of Merit for Excellence in Research, University of Maryland.
• 2000: Dean Gordon Cairns Award, University of Maryland College of Agriculture and Natural Resources.
• 2000: Docteur honoris causa, University of Geneva.^[18]
• 2000: Honorary Fellow, Argentine Association of Political Economy.
• 2012: Distinguished Fellow, American Economic Association.^[19]

Selected publications

Articles

• Nerlove, Marc (May 1956). "Estimates of the Elasticities of Supply of Selected Agricultural Commodities". American Journal of Agricultural Economics. 38 (2): 496–509. doi:10.2307/1234389. JSTOR 1234389. Retrieved February 8, 2022.
• Nerlove, Marc (May 1958). "Adaptive Expectations and Cobweb Phenomena Get access Arrow". The Quarterly Journal of Economics. 72 (2): 227–240. doi:10.2307/1880597. JSTOR 1880597. Retrieved February 8, 2022.
• Nerlove, Marc; Arrow, Kenneth J. (May 1962). "Optimal Advertising Policy under Dynamic Conditions". Economica. 29 (114): 129–142. doi:10.2307/2551549. hdl:2027/uiug.30112057645332. JSTOR 2551549. Retrieved February 8, 2022.
• Balestra, Pietro; Nerlove, Marc (July 1966). "Pooling Cross Section and Time Series Data in the Estimation of a Dynamic Model: The Demand for Natural Gas". Econometrica. 34 (3): 585–612. doi:10.2307/1909771. JSTOR 1909771. Retrieved February 8, 2022.
• Diebold, Francis X.; Nerlove, Marc (January–March 1989). "The dynamics of exchange rate volatility: A multivariate latent factor ARCH model". Journal of Applied Economics. 4 (1): 1–21. doi:10.1002/jae.3950040102. Retrieved February 8, 2022.

Books

• Nerlove, Marc; Grether, David M.; Carvalho, Jose L. (1979). Analysis of Economic Time Series: A Synthesis. New York: Academic Press, Inc. ISBN 0-12-515750-9.
• Nerlove, Marc; Razin, Assaf; Sadka, Efraim (1987). Household and Economy: Welfare Economics of Endogenous Fertility. Orlando: Academic Press, Inc. ISBN 0-12-515752-5.
• Nerlove, Marc (2002). Essays in Panel Data Econometrics. Cambridge: Cambridge University Press. ISBN 978-0-521-81534-5.