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Manuel Arellano named “Nobel class” for his contributions to Economics


CEMFI Professor Manuel Arellano has been named among the frontrunners to win the Nobel Prize in Economics by Clarivate Analytics. This organization has accurately predicted 46 scientists who later on won Nobel prizes. Clarivate Citation Laureates are world-class scientists whose landmark contributions and advances make them potential Nobel laureates.

The organization has highlighted the outstanding contributions of Professor Arellano to the field of econometrics, which include the development of panel data estimation methods that have been widely used in economics, finance, political science, and geography, among other disciplines. In particular, the Arellano-Bond estimator has become a standard tool in applied econometrics. This method was developed together with Stephen Bond of Oxford University, who has also been named “Nobel class” scholar this year. The paper that proposed this method accumulates more than 24,000 Google Scholar citations, which makes it one of the most cited papers in economics of all time.

Manuel Arellano has been Professor of Economics at CEMFI since 1991. He is a Fellow of the Econometric Society and a Foreign Honorary Member of the American Academy of Arts and Sciences. He has been President of the Econometric Society as well as President of the European and Spanish Economic Associations. He also received the Rey Jaime I Prize in Economics.

Professor Arellano has been a key actor in the institutional development of CEMFI, a Foundation of Bank of Spain and one of the leading European graduate schools of economics. He has been Director of the PhD program between 1991 and 2016 and has supervised 17 PhD theses.

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