Grigory Kantorovich

Laboratory Head:Faculty of Economic Sciences / Laboratory for Macro-Structural Modeling of the Russian Economy
Research Professor:Faculty of Economic Sciences / Department of Applied Economics
lecturer:International College of Economics and Finance

Tenured Professor
Distinguished Professor (2018)
Member of the HSE Academic Council

Grigory Kantorovich has been at HSE University since 1993.

Education, Degrees and Academic Titles

1996
Associate Professor
1974
Candidate of Sciences* (PhD) in Physical and Mathematical Sciences
Moscow Institute of Physics and Technology
1971
Degree
Moscow Institute of Physics and Technology

* Candidate of Sciences
According to the International Standard Classification of Education (ISCED) 2011, Candidate of Sciences belongs to ISCED level 8 - "doctoral or equivalent", together with PhD, DPhil, D.Lit, D.Sc, LL.D, Doctorate or similar. Candidate of Sciences allows its holders to reach the level of the Associate Professor.

Professional Interests

econometrics macroeconometrics microeconometrics applied econometrics financial econometrics Theoretical econometrics Dynanic modeling of Russian economic development in contemporary conditionst macrostructural modeling of Russian economy Time series analysis Econometric modeling of social and economic proceses

Awards and Accomplishments

Best Teacher – 2018, 2017, 2015, 2014, 2012, 2011

Student Term / Thesis Papers

Bachelor
A. Shchankina «Modelling of Interrelations of National Stock Market Indeces». Faculty of Economic Sciences, 2020
N. Babudzhi «Forecasting of RTS Index Dynamics». Faculty of Economic Sciences, 2020
J. Isomiddinov «Modelling Joint Dynamics of Stock Market Indices». Faculty of Economic Sciences, 2020
V. Baklanova «Influence of World Oil Prices and Exchange Rate on RTS Index». Faculty of Economic Sciences, 2020
E. Agaeva «The Investigation of Inter-linkages between Precious Metals Markets and Stock Markets». Faculty of Economic Sciences, 2020
A. Zlochevskaya «Modelling of Dynamics of the Russian Stock Market». Faculty of Economic Sciences, 2020
A. Naumov «The Effect of Economic Factors on RTS Index Dynamics under Structural Breaks». Faculty of Economic Sciences, 2019
D. Kontorshchikov «Research of Mutual Influence of Equities, Gold, Oil and Digital Financial Asset Markets». Faculty of Economic Sciences, 2019
A. Lyan «Determining Factors Influencing Default Probability in the Cement Industry». International College of Economics and Finance, 2019
I. Spiridonov «Forecast of Adverse Events for the Debt Issuer». International College of Economics and Finance, 2018
V. Grachev «Forecasting the Dynamics of Financial Markets, Taking into Account their Interaction». Faculty of Economic Sciences, 2018
E. Nikitina «The Assessment of the Factors Influencing the Russian Stock Market Performance». Faculty of Economic Sciences, 2017
R. Ibragimov «Analysis of the Correlation between Fixed Assets Investments and Company Efficiency in Pharmaceutical Industry». Faculty of Economic Sciences, 2017
V. Popova «Modeling Volatility of Russian Financial Market in Periods of Crisis». International College of Economics and Finance, 2017
A. Vorslov «Firm Price Policy Optimization under the Competition». International College of Economics and Finance, 2017
A. Petrova «Modeling of Exchange Rates». International College of Economics and Finance, 2017
R. Davtyan «Influence of World Oil Prices and Exchange Rate on RTS Index». Faculty of Economic Sciences, 2017
R. Davtyan «Influence of World Oil Prices and Exchange Rate on RTS Index». Faculty of Economic Sciences, 2017
A. Polovyan «A VAR Modelling of the Russian Economy». International College of Economics and Finance, 2017
M. Fleytman «Volatility Arbitrage: the Case of Russian oil and Gas Companies». International College of Economics and Finance, 2017
A. Levdikova «Interdependence of Precious Metals Markets and Russian Stock Market». International College of Economics and Finance, 2017
A. Arakelyan «Analysis of the Factors Stimulating the Economic Development of Abkhazia». Faculty of Economic Sciences, 2017
Y. Lyashenko «The Impact of Goodwill and Intangible Assets on the Value of Company's Assets». Faculty of Economic Sciences, 2016
V. Mochalov «Modeling the Effect of Oil Prices on the RTSI». Faculty of Economic Sciences, 2016
A. Stepashina «The Impact of Oil Prices on the Profitableness of Oil Companies Stocks in Russia». Faculty of Economic Sciences, 2016
E. Yudovskaya «Interdependence of Stock Market Indexes». International College of Economics and Finance, 2016
S. Sultimov «Impact of Direct Investments in Russian Industrial Markets». International College of Economics and Finance, 2016
A. Solovyev «Influence of Oil Price Crisis 2014-2015 on M&A Upstream Sector And Valuation Models of Upstream Assets». International College of Economics and Finance, 2016
D. Garibmamadova «Interconnection of Russian Stock Indices and Foreign Ones and Its Impact on Exchange Rate of Ruble». Faculty of Economic Sciences, 2016
A. Rakovskaya «Modelling of Joint Dependence FTSE 100 Index and Investor's Activity Level on the Internet». Faculty of Economic Sciences, 2016
A. Lebedeva «The Crisis Influence on the Stock Market Interaction». Faculty of Economic Sciences, 2016
O. Travkin «Modelling the Relationship Between the RTS Index And Activity of Investors on the Internet». Faculty of Economic Sciences, 2014
V. Kruglov «RTS Stock Index as Crude Oil Prices and USD to RUR FX Rate Derivative». Faculty of Economic Sciences, 2014
E. Andreeva «Investigation of Intedependencies among National Stock Market Indices». Faculty of Economic Sciences, 2014
L. Zaxarova «Determinants of Occurrence and Depth of Economic Crises». International College of Economics and Finance, 2013
Master
A. Chufistov «Mutual Influence of Cryptocurrency Markets and Traditional Financial Markets». Faculty of Economic Sciences, 2020
G. Popov «Modelling of Financial Time Series and Forecasting of their Volatility Using (Bayesian) Regression on Gaussian Processes». Faculty of Economic Sciences, 2020
A. Kyzaibay «Research of the Kazakhstan Financial Market with Long Memory Models». Faculty of Economic Sciences, 2019
A. Polovyan «Short-Term Modeling and Forecasting in the Banking Sector». Faculty of Economic Sciences, 2019
Y. Kin «The Impact of Financial Sector Development on Economic Growth in Russia». Faculty of Economic Sciences, 2019
V. Kotov «Financial Market Study with Long-Memory Models». Faculty of Economic Sciences, 2018
A. Kryuchkov «Hybrid Forecasting Scheme for Financial Time-Series». Faculty of Economic Sciences, 2018
N. Gaponiuk «Trade Simulation among Heterogeneous Agents: How the Risk Aversion Distribution Influences Volatility Implied by Option Prices». Faculty of Economic Sciences, 2018
K. Chekmareva «Price Indexes Differences Between Regions of Russia». Faculty of Economic Sciences, 2018
G. Kotov «Modelling of Financial Markets Relations with Considering the Conditional Heteroscedasticity». Faculty of Economic Sciences, 2018
M. Khasykov «On Approach of Detecting Structural Breaks for GARCH Models Using Likelihood Ratio Test». Faculty of Economic Sciences, 2017
M. Tolmashova «The Impact of Central Bank Communications on Exchange Rate». Faculty of Economic Sciences, 2017
S. Mordashov «Effective Promotion of Musical Communities via Social Networks». Faculty of Economic Sciences, 2017
D. Haidarov «Predictability of Highly Liquid Assets Returns: Signs and Absolute Values». Faculty of Economic Sciences, 2017
A. Klimkin «Applying of Long-Memory Processes Modeling to the Prices of Russian Stocks». Faculty of Economic Sciences, 2017
A. Tupov «"Heavy tails" study on financial markets.». Faculty of Economic Sciences, 2014

Full list of of student term / thesis papers

Editorial board membership

1996: Member of the Editorial Board, Прикладная эконометрика (Applied Econometrics).
1994: Member of the Editorial Board, Экономический журнал Высшей школы экономики (HSE Economic Journal).

Publications¹⁸

Article Kantorovich G., Kazaryan L. Taking into account the rate of convergence in CLT under Risk evaluation on financial markets // Cogent Economics and Finance. 2017. P. 1-11. doi
Chapter Канторович Г. Г., Казарян Л. Г. Оценка рисков на финансовых рынках с учетом скорости сходимости к нормальному распределению // В кн.: Сборник лучших выпускных работ — 2015 / Науч. ред.: Д. С. Карабекян. М. : Издательский дом НИУ ВШЭ, 2016. С. 117-138.
Chapter Канторович Г. Г., Казарян Л. Г. Оценка рисков на финансовых рынках с учетом скорости сходимости к нормальному распределению // В кн.: Труды 7-й Международной научно-практической конференции студентов и аспирантов «Статистические методы анализа экономики и общества» (17-20 мая 2016 г.) / Отв. ред.: В. С. Мхитарян; под общ. ред.: М. Ю. Архипова, Л. А. Родионова, В. П. Сиротин. М. : Национальный исследовательский университет "Высшая школа экономики", 2016. С. 129-130.
Chapter Канторович Г. Г., Казарян Л. Г. Эконометрическое оценивание риска на финансовых рынках и его связь с гипотезой эффективности рынка. // В кн.: Многомерный статистический анлиз и эконометрика. IX-я Международная школа-семинар. / Под общ. ред.: С. А. Айвазян. М. : ЦЭМИ РАН, 2016. С. 33-34.
Article Kantorovich G., Tsirkunov A. Total negative effect on environment and economic growth // Baltic Rim Economies. 2015. No. 5. P. 36.
Chapter Канторович Г. Г., Ратникова Т. А. Эконометрика, Big Data и информационные системы // В кн.: Материалы четвертой Научно-практической конференции "Актуальные проблемы системной и программной инженерии". Сборник трудов. М. : НИУ ВШЭ, 2015. С. 68-71.
Chapter Канторович Г. Г. Учителя // В кн.: Поколения ВШЭ. Учителя об учителях. М. : Издательский дом НИУ ВШЭ, 2013. С. 148-151.
Chapter Канторович Г. Г., Назруллаева Е. Ю. Моделирование влияния инвестиций в основной капитал на затраты предприятий в обрабатывающих производствах, 2005-2010 // В кн.: Многомерный статистический анализ и эконометрика. Труды VIII Международной школы-семинара / Под общ. ред.: С. А. Айвазян. Цахкадзор : ЦЭМИ РАН, 2012. С. 71-73.
Article Канторович Г. Г. Приемная кампания в ВУЗы под угрозой срыва? // Юрист ВУЗа. 2011. № 5. С. 44-52.
Article Канторович Г. Г., Назруллаева Е. Ю. Удельные затраты в отраслях российской промышленности: ведут ли прямые инвестиции к их снижению? // Экономический журнал Высшей школы экономики. 2009. Т. 13. № 1. С. 59-79.
Article Канторович Г. Г. Основа рейтинга вузов – оценка работодателей // Прямые инвестиции. 2007. № 9
Book Писляков В. В., Кузьминов Я. И., Канторович Г. Г. Университетские инновации: опыт Высшей школы экономики / Под общ. ред.: Я. И. Кузьминов. М. : Издательский дом ГУ-ВШЭ, 2006.
Article Турунцева М. Ю., Канторович Г. Г. Роберт Энгл и Клайв Гренджер: новые области экономических исследований (Нобелевская премия 2003 года по экономике) // Вопросы экономики. 2004. № 1
Article Канторович Г. Г. Лекции: Анализ временных рядов // Экономический журнал Высшей школы экономики. 2003. Т. 7. № 1. С. 79-103.
Article Канторович Г. Г. Лекции: Анализ временных рядов // Экономический журнал Высшей школы экономики. 2002. Т. 6. № 2. С. 251-273.
Article Канторович Г. Г. Лекции: Анализ временных рядов // Экономический журнал Высшей школы экономики. 2002. Т. 6. № 3. С. 379-401.
Article Канторович Г. Г. Лекции: Анализ временных рядов // Экономический журнал Высшей школы экономики. 2002. Т. 6. № 4. С. 498-523.
Book Канторович Г. Г. Экономическая статистика. Эконометрика: Программы, тесты, задачи, решения. М. : Издательский дом ГУ-ВШЭ, 2000.

Employment history

CURRICULUM VITAE

1. Family name: Kantorovich

2. First names: Gregory

3. Date of birth: January 5, 1948

4. Nationality: Russian

5. Civil status: married

6. Education:

Institution	Moscow Institute of Physics and Technology
Date: from (month/year):	1965, September
to (month/year)	1971, July
Degree(s) orDiploma(s)	Ph.D. in Mathematics (1974). Honors Diploma in Control Theory (1971)
obtained:	Moscow Institute of Physics and Technology.

7. Language skills: (Mark 1 to 5 for competence, 5=perfect, 1=basic)

*Language*	*Reading*	*Speaking*	*Writing*
English	5	4	5
French	4	3	3
German	3	3	3
Ukraine	5	5	5

8. Membership of professional bodies:

9. Other skills: (e.g. Computer literacy, etc.)

10. Present employer and position: National Research University - Higher School of Economics, Moscow , Professor, Head of research laboratory "Macro-structural modelling of Russian economy"

11. Years with the present employer: from 1993

12. Key qualifications: applied econometrician, applied mathematician

13. Specific Central and Eastern European and NIS[1] experience:

Country	Date: from (month/year) to (month/year)
Russia	From 1980,January to present

14. Professional Experience Record (most recent first):

Date: from (month/year)to (month/year)	2014, May – present
Location	Moscow, Russia
Company	National Research University - Higher School of Economics
Position	Professor
Description	Courses in Econometrics, Time-series Analysis Further Mathematics for Economists, Optimization
Date: from (month/year)to (month/year)	1999, July – 2014, May
Location	Moscow, Russia
Company	Higher School of Economics
Position	Vice-rector, Professor
Description	Courses in Econometrics, Time-series Analysis Further Mathematics for Economists

Date: from (month year)to (month year)	1999, July – present
Location	Moscow, Russia
Company	Higher School of Economics
Position	Professor, head of the sub-department "Mathematical Economics and Econometrics"
Description	Courses in Econometrics, Time-series Analysis Further Mathematics for Economists

Date: from (month year)to (month year)	1994, July - 1999, July
Location	Moscow, Russia
Company	Higher School of Economics
Position	Dean of Master programs
Description

Date: from (month year)to (month year)	1993, September - 1999, July
Location	Moscow, Russia
Company	Higher School of Economics
Position	Professor, head of the department "Mathematics and Econometrics"
Description	Courses in Econometrics, Time Series Analysis, Mathematics, Mathematical Economics

Date: from (month year)to (month year)	1998, March - present
Location	Moscow, Russia
Company	International College of Economics and Finance (External program of London School of Economics in Higher School of Economics
Position	Professor (part-time)
Description	Courses in Calculus, Quantitative Methods, Mathematics for Economists, Further Mathematics for Economists (for BA students, both courses in English)

Date: from (month year)to (month year)	1999, October - present
Location	Dolgoproudny, Moscow region, Russia
Company	Moscow Institute of Physics and Technology
Position	Professor, deputy head of the department "System analyses in economics" (part-time)
Description

Date: from (month year)to (month year)	1991, April - 1997,December
Location	Moscow, Russia
Company	Institute of Economic Forecasting, Russian Academy of Sciences
Position	Senior researcher
Description	Econometric modeling and analysis of the price system and exchange rate dynamics, inflation forecasting. Carried out for the World Bank project "Analysis of the Impact of Higher Energy Prices on Russian Economy" (1992-1993). During 1994-1997 worked as an expert of Russian-European Expert Group and Economic Expert Group under Ministry of Finance of Russian Federation. In 1994 was a recipient of Mac Arturs Foundation grant.

Date: from (month year)to (month year)	1980, January - 1991,April
Location	Moscow, Russia
Company	Institute for Pricing, the USSR Price Committee
Position	Department head (1987-1991), Laboratory head (1986-1987), Senior Researcher (1980-1986)
Description	Methods of planning and forecasting of wholesale price levels; problems of putting input-output models in practice; elaboration and carrying out of general and partial price system revisions; investigation of wholesale price dynamics and its influence on cost proportions.

etc.

15. Others: Over 80 publications in scientific journals and work collections. Among them:

1. Price Liberalisation in Russia: 1992 Issues. Moscow, 1993.

2. Analysis and Forecasts of Price and Finance Indicators Dynamics. Problemy Prognozirovania (Forecasting Problems), 1993, Is. 2. (In Russian).

3. Prices in 1992: disproportion and inflation mechanism. Economika i Matemamicheskie Metody (Economics and Mathematical Methods), 1993, vol. 29, Is. 3. (In Russian).

4. Modification of financial structure under high inflation. Problemy Prognozirovania (Forecasting Problems), 1994, Is. 4.

5. Prices in 1992. Matecon. Vol. 31 NO. 2, Winter 1994-95

6. The multi-layer Russian economy: flexibility limits. Economics and Mathematical Methods. 1995, vol. 31, Is. 3. (In Russian).

7. L'Evolution des prix en Russie. Les causes de l'inflation dans l'Economie de transition. Dans "Monnaie et finances dans la transition en Russie", Editions de la Maison des sciences de l'homme, Paris, L'Harmattan, 1995. (In French).

8. Econometrics. A chapter in “Collection of Methodical papers”. Moscow, HSE Edition, 1998. (In Russian).

9. Time Series Analysis. Economic Journal of Higher School of Economics, Vol. 6, № 1,2,3,4, Vol. 7, № 1.

10. The reduction of costs per unit of output in Russian industry: direct investments as a reason?, Economic Journal of Higher School of Economics, Vol. 13, № 1.

[1] NIS includes all the former Soviet Republics minus the Baltic States plus Mongolia'.

Achievements and Promotion

Russian Federation Medal of the Order ‘For Merit to the Fatherland’, 1st Class (November 2012)

Honorary Badge, 1st Class, of the Higher School of Economics (September 2011)

Certificate of Merit awarded by the Ministry of Economic Development and Trade of the Russian Federation (November 2007)

Certificate of Merit awarded by the Federal Service for Supervision in Education (September 2007)

Russian Federation Medal of the Order ‘For Merit to the Fatherland’, 2nd Class (November 2002)

Responsibilities

Biography

1974-1980: Senior Research Fellow, Central Research Institute of Paper
1980-1991: Senior Research Fellow, Head of Department, Research Institute for Pricing
1992: Lecturer on mathematical economics for future HSE teachers
1992-1993: World Bank project ‘An Analysis of the Influence of Power Industry Price Increases on the Russian Economy'
1993 and onwards: Course in mathematical economics for HSE master's students
1994: MacArthur Foundation grant
1994-1997: Expert at the Russian-European expert group and the Economic expert group under the Russian Federation's Ministry of Finance
1994-1999: Lecture courses on mathematics, mathematical economics, econometrics, and time-series analysis for HSE undergraduate and postgraduate students
1997 and onwards: Gives lectures and seminars in English at the International College of Economics and Finance on the following subjects: Calculus, Quantative Methods, and Mathematics for Economists.
2001 and onwards: Gives lectures and seminars on time-series analysis
1999 and onwards: Gives lectures on econometrics and time-series analysis for students of the Moscow Institute of Physics and Technology
2004 and onwards: Gives lectures and seminars in English at the International College of Economics and Finance on Further Mathematics for Economists

Timetable for today

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Full timetable

Oct

2019

Erasmus University Rotterdam & HSE Celebrate 25 Years of Educational Cooperation in Economics

Students, faculty, and alumni of HSE University and Erasmus University Rotterdam gathered to celebrate the 25th anniversary of educational cooperation between the two universities. Attendees reminisced about the past, discussed the future, and explored career opportuntiies at a roundtable, 'Building a Career with EUR'. The newly renovated Pokrovka complex in Moscow was one of many surprises for the participants, which included representatives of Nuffic Neso Russia and Erasmus University alumni.

Feb

2019

HSE Staff Members Receive University and Government Awards

HSE staff members were awarded honour awards of the university and the Letter of Gratitude from the Government of the Russian Federation at the meeting of the Academic Council that was held on on February 1.

Oct

2018

Golden HSE Jury Invites Staff and Students to Nominate Candidates

The nomination process for HSE Golden Award is currently underway. Afterwards, the Golden HSE jury comprising representatives of all faculties, campuses and HSE Lyceum will select short-listed nominees in each category and determine the winners in Silver Nestling category. The winners in all other categories will be selected by Contest Committee.

Jun

2018

HSE Staff Members Awarded Status of Tenured Professor

On June 22, several HSE lecturers and staff members were awarded the status of Tenured Professor at a meeting of HSE Academic Council. Sixteen HSE staff members became Distinguished Professors at the Higher School of Economics for the first time.

Dec

2015

Preparatory Year Programme Welcomes New Students

On November 25, the HSE Preparatory Year programme held a special welcome meeting for its new students. The aim of the event is to better acquaint them with HSE and the educational programmes it offers.

Dec

2014

Golden HSE -2014 Award Winners Announced

On December 1, HSE celebrated another anniversary and, according to tradition, awarded the best teachers, researchers, administrative staff, and students with the Golden HSE prize.

Dec

2013

Iron Egg – 2013: Best Student Extra-Curricular Projects Winners Announced

On December 4th the Artplay Centre of Design held the 10^th ‘Iron Egg’ prize award ceremony for HSE students.

Oct

2011

Awards and New Areas of Development

On October 28^th 2011, a session of the Academic Council of the Higher School of Economics took place at the HSE, The event began with an award ceremony: Claude Blanchemaison, Professor at the Paris-Dauphine University, former French Ambassador in Russia and a long-time friend of the HSE, was given the title of HSE Honorary Professor.