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Economics laureate to head research at Chennai''s Yale-GLIM centre for management research news
Our Economy Bureau
19 January 2005

Mumbai: Prof. Finn E Kydland, the economics Nobel laureate for 2004 is in Chennai for the foundation ceremony of the Great Lakes Institute of Management set up by Professor Bala Balachandran of the Kellogg Graduate School.

Kydland won the Nobel prizefor his work on the impact of technology shocks in explaining business cycles. He is Professor of Tepper School of Business Administration, Carnegie Mellon University, USA.

According to Dr Balachandran, honorary dean, " Prof.Finn Kydland, 2004 Nobel laureate in economics will head the economics related research activities as honorary co-director at GLIM's research arm, Yale-GLIM Centre for Management Research set up recently in association with Yale University."

Expressing his wish to be associated with such a vibrant an economy as India and GLIM, the top class upcoming business school in India for collaborative activities in Management Research, Prof Kydland said," During most of my student and professors years, I've been associated with business schools that have represented exciting research environments. If a business school is set up with few boundaries across the fields (finance, marketing, accounting, economics etc,) one of the pillars for producing excellent students and innovative research is laid."

He added, "To Me, Great Lakes Institute of Management has that potential. I am delighted, therefore, to have the opportunity to participate in the exciting event of the ground-breaking ceremony for this new business school and to influence its direction. More generally such a business school is among the initiatives that, in a benign, stable and transparent policy environment, will promote productivity, growth and the accumulation of human and physical capital, which is needed to put India on the path where this beautiful country belongs, reducing poverty Significantly and improving the well being of its citizens."

GLIM aims to be a research-driven international management institution. It has a formal affiliation with Stuart School of Business, Illinois Institute of Technology, and an active collaboration with Nanyang Technological University, Singapore.

also see : Other reports on Great Lakes Institute of Management

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Economics laureate to head research at Chennai''s Yale-GLIM centre for management research