Mohammad Hashem Pesaran - Economic Research Forum (ERF)

Mohammad Hashem Pesaran

Research Fellows

Professor of Economics, Cambridge University

Areas of Interest:

  • Econometrics
  • Methodology of Applied Economics
  • Advanced Macroeconometrics and Panel Data Analysis


  • Ph.D., Economics, Cambridge University, 1972
  • M.A., Economics, Cambridge University, 2003
  • B.Sc., Economics and Statistics, University of Salford, UK, 1968


  • Professor of Economics, Cambridge University, 1988-present
  • Vice President, Tudor Investment Corporation, London Office, 2000-2002
  • Professor of Economics and Director, Program in Applied Econometrics, University of California, Los Angeles, USA, 1989-1993

Latest Publications:

  • With Alexander Chudik, 2015. “Large Panel Data Models with Cross-Sectional Dependence: A Survey”, in The Oxford Handbook on Panel Data edited by B. H. Baltagi, Oxford University Press, Ch. 1, ISBN: 978-0-19-994004-2
  • With Kamiar Mohaddes, 2013. “One Hundred Years of Oil Income and the Iranian Economy: A Curse or a Blessing?”, in Iran and the Global Economy: Petro Populism, Islam and Economic Sanctions edited by Parvin Alizadeh and Hassan Hakimian
  • “Predictability of Asset Returns and the Efficient Market Hypothesis”, (2011) Handbook of Empirical Economics and Finance (2011), edited by Aman Ullah and David E. Giles, Taylor & Francis
  • With John Geweke and Joel L. Horowitz, 2008. “Econometrics: A bird’s eye view”, in The New Palgrave Dictionary of Economics, Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgarve MacMillan, 2008. Vol. 2, pp. 609-642. ISBN-10: 0333786769 & ISBN-13: 978-0333786765
  • With Stephane Dees, Sean Holly and L. Vanessa Smith, 2007. “Long Run Macroeconomic Relations in the Global Economy”, Economics – The Open-Access, Open-Assessment E-Journal, 2007-3
Working Papers

Identifying Global and National Output and Fiscal Policy ShocksUsing a GVAR

The paper contributes to the growing global VAR (GVAR) literature by showing how global and ... read more

Working Papers

Oil Prices and the Global Economy: Is It Different This Time Around?

The recent plunge in oil prices has brought into question the generally accepted view that ... read more

Working Papers

Iranian Economy in Twentieth Century: A Global Perspective

Abstract This paper examines the economic transformation of Iran in a global context through the twentieth century. ... read more

Working Papers

Country-Specific Oil Supply Shocks and the Global Economy: A Counterfactual Analysis

This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both ... read more

Working Papers

Oil Exports and the Iranian Economy

Abstract This paper develops a long run growth model for a major oil exporting economy and ... read more


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