Clive Granger, Nobel economist, dies

SAN DIEGO, June 2 (UPI) -- Clive W.J. Granger, a Nobel Prize-winning economist and emeritus professor at the University of California, San Diego, has died at 74.

University Chancellor Marye Anne Fox, who announced his death, described him as a "much beloved professor of economics." The university said he died Wednesday in San Diego.

Granger was known for his work as an econometrician on the analysis of time series data and the relationship between correlation and causality. While his findings were useful in dealing with a wide range of economic problems, he also developed models to forecast deforestation in the Amazon rainforest.

In 2003, Granger and Robert Engle, a colleague at San Diego, were awarded the Nobel Prize.

A native of Wales, Granger received his doctorate from the University of Nottinghamshire. He joined the economics department at San Diego in 1974.

"Clive was widely admired by his colleagues for his scholarship and generosity of spirit," said Julian Betts, the department chairman. "He was particularly known for the way he made time for students and visitors, for his witty insights and his gentle sense of humor."