Zvi Griliches

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Definition of 'Zvi Griliches'

Zvi Griliches (1930-1999) was an American economist who made significant contributions to the fields of econometrics, economic growth, and productivity. He was a professor at Harvard University from 1960 until his death.

Griliches was born in Poland and immigrated to the United States with his family in 1939. He received a bachelor's degree from the University of Chicago in 1952 and a doctorate from Harvard University in 1959.

Griliches' early research focused on the measurement of economic growth. He developed new methods for estimating the contribution of capital and labor to economic growth, and he showed that the rate of economic growth is closely related to the rate of technological progress.

Griliches also made important contributions to the field of econometrics. He developed new methods for estimating the relationship between economic variables, and he showed how these methods could be used to test economic theories.

Griliches' work had a profound impact on the field of economics. He helped to establish econometrics as a rigorous scientific discipline, and he made significant contributions to our understanding of economic growth and productivity.

Griliches was awarded the Nobel Prize in Economics in 1992. He was also a member of the National Academy of Sciences and the American Philosophical Society.

Griliches' work continues to be influential today. His contributions have helped to shape our understanding of the economy and how it works.

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