Willy Van Ryckeghem
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Willy van Ryckeghem (
Ghent Ghent ( nl, Gent ; french: Gand ; traditional English: Gaunt) is a city and a municipality in the Flemish Region of Belgium. It is the capital and largest city of the East Flanders province, and the third largest in the country, exceeded in ...
, 1935) is a Belgian economist and statistician who devoted much of his career to
Latin America Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...
. He studied economics in Ghent, Copenhagen and Paris and taught
Business cycles Business cycles are intervals of expansion followed by recession in economic activity. These changes have implications for the welfare of the broad population as well as for private institutions. Typically business cycles are measured by examini ...
at
Vrije Universiteit Brussel The Vrije Universiteit Brussel (VUB) () is a Dutch and English-speaking research university located in Brussels, Belgium.The Vrije Universiteit Brussel is one of the five universities officially recognised by the Flemish Community, Flemish gov ...
and
Econometrics Econometrics is the application of Statistics, statistical methods to economic data in order to give Empirical evidence, empirical content to economic relationships.M. Hashem Pesaran (1987). "Econometrics," ''The New Palgrave: A Dictionary of ...
at
Ghent University Ghent University ( nl, Universiteit Gent, abbreviated as UGent) is a public research university located in Ghent, Belgium. Established before the state of Belgium itself, the university was founded by the Dutch King William I in 1817, when the ...
from 1968 to 1982. He was also visiting Associate Professor at the
University of North Carolina The University of North Carolina is the multi-campus public university system for the state of North Carolina. Overseeing the state's 16 public universities and the NC School of Science and Mathematics, it is commonly referred to as the UNC Sy ...
at Chapel Hill in 1963-64 and Visiting Professor at the
Universiti Sains Malaysia Universiti Sains Malaysia ( 'Science University of Malaysia'; abbreviated as USM) is a public research university in Malaysia. Founded on 1 June 1969 as a statutory body with its own constitution, it is among the oldest institutes of higher l ...
in Penang in 1976. His first experience in Latin America was in
Argentina Argentina (), officially the Argentine Republic ( es, link=no, República Argentina), is a country in the southern half of South America. Argentina covers an area of , making it the second-largest country in South America after Brazil, th ...
at the Consejo Nacional de Desarrollo (Conade) in 1964-65 where he worked under the auspices of the Harvard Development Advisory Service (DAS). He teamed with British economist
Geoffrey Maynard Geoffrey Walter Maynard (27 October 1921 – 9 September 2017) was a British economist. Born in Tottenham and educated at the local grammar school (alongside another future economist, Ralph Harris), Maynard served with the RAF in the north Af ...
to develop a stabilization model which was applied by the following administration during the period 1967-1970. After initial success in reducing the inflation rate from 22 to 7 percent without causing a major recession, the stabilization effort broke down in 1970. His next assignment was under the auspices of the so-called Berkeley-Group in Brazil at IPEA, where he constructed the country`s first
input-output In computing, input/output (I/O, or informally io or IO) is the communication between an information processing system, such as a computer, and the outside world, possibly a human or another information processing system. Inputs are the signals ...
table for 1959. In addition, he formulated an exact method for determining the technology matrix in a situation with secondary products. In 1972-73, he joined the
University of Michigan , mottoeng = "Arts, Knowledge, Truth" , former_names = Catholepistemiad, or University of Michigania (1817–1821) , budget = $10.3 billion (2021) , endowment = $17 billion (2021)As o ...
team of economic advisors to the Planning Ministry of Morocco. This resulted in the publication of the collective book ''Employment Problems and Policies in Developing Countries-The Case of Morocco'' of which he was the editor in 1976. In 1974, he was invited to become President of the Belgian Statistical Society. The same year, he published in the
International Statistical Review The International Statistical Institute (ISI) is a professional association of statisticians. It was founded in 1885, although there had been international statistical congresses since 1853. The institute has about 4,000 elected members from gov ...
a method for estimating measurement errors in national account statistics. In 1976, he published together with
Geoffrey Maynard Geoffrey Walter Maynard (27 October 1921 – 9 September 2017) was a British economist. Born in Tottenham and educated at the local grammar school (alongside another future economist, Ralph Harris), Maynard served with the RAF in the north Af ...
''A World of Inflation'' . In this book, they distanced themselves from the dominant monetarist thinking, and drew attention to structural factors in explaining differences in inflation rates between countries.Helmut Frisch : Inflation Theory 1963-79 : A Second Generation Survey, Journal of Economic Literature, Vol 15, no 4, december 1977, pp. 1289-1317 Inter-American Development Bank The Inter-American Development Bank (IDB or IADB) is an international financial institution headquartered in Washington, D.C., United States of America, and serving as the largest source of development financing for Latin America and the Caribb ...
in Washington DC where he led the Country Studies Division for seven years before becoming Deputy Manager of the Department of Economic and Social Development. In 1985 he presented a major study at the
Latin American Studies Association The Latin American Studies Association (LASA) is the largest association for scholars of Latin American studies. Founded in 1966, it has over 12,000 members, 45 percent of whom reside outside the United States (36 percent in Latin America and the C ...
(LASA) meeting at Albuquerque on the Impact of the
Latin American debt crisis The Latin American debt crisis ( es, Crisis de la deuda latinoamericana; pt, Crise da dívida latino-americana) was a financial crisis that originated in the early 1980s (and for some countries starting in the 1970s), often known as ''La Décad ...
on the countries in the region. After his retirement in 1997, he was instrumental in the foundation in 2001 of the Brazilian non-profit organization Pro-teste, which has since become the largest consumer organization in Latin America. Between 1975 and 1978, he was the third President of
Consumers International Consumers International is the membership organization for consumer groups around the world. Founded on 1 April 1960, it has over 250 member organizations in 120 countries. Its head office is situated in London, England, and has numerous region ...
, following
Colston Warne Colston Estey Warne (August 14, 1900 – May 20, 1987) was a professor of economics and one of the founders of Consumers Union (along with Arthur Kallet), in 1936. He served as president of the board of directors from 1936 to 1979. He also serv ...
of
Consumers Union A consumer is a person or a group who intends to order, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. T ...
and Peter Goldman of
Which? ''Which?'' is a United Kingdom brand name that promotes informed consumer choice in the purchase of goods and services by testing products, highlighting inferior products or services, raising awareness of consumer rights and offering independen ...
. He was awarded the Order of Social Merit because of his work with the Belgian consumer movement.


Selected publications

* The Structure of Some Macro-Economic Growth Models : A Comparison, ''Weltwirtschaftliches Archiv'', Band 91, 1963, Heft 1. pp. 84-100 * Some Further Properties of Cobb-Douglas Growth Models, ''The Southern Economic Journal'', Vol. XXXI, No. 1, July 1964 * The Effect of Information on Consumers` Attitudes toward Resale Price Maintenance (with Y. Langaskens) ''Applied Statistics'', Vol. XV no 1, 1966, pp. 56-62 * The Stability of the Domar Model, ''Econometrica'' Vol. 34, No. 3, July 1966 * Public Finance and the Trade Balance : A Note on the Balanced-Foreign-Trade Multiplier, ''Economia Internazionale'', Vol. XIX, No. 3, August 1966 * An exact method for determining the technology matrix in a situation with secondary products, ''Review of Economics and Statistics'', vol. 49 (1967), pp. 607-08. * The Secret of the Variable ICOR, ''The Economic Journal'' December 1968, Vol. LXXVIII, pp. 984-85 * Stabilization Policy in an Inflationary Economy - Argentina (with G. Maynard) in: ''Development Policy - Theory and Practice'' Edited by Gustav F. Papanek, Harvard University Press, 1968 * An Econometric Model of minimum wages and employment in a dual economy: the Case of Puerto Rico, in: ''Tijdschrift voor Sociale Wetenschappen, Gent 1969 nr. 4 pp. 100-121. * An Intersectorial Consistency Model for Economic Planning in Brazil, in: ''The Economy of Brazil'' Edited by H.S.Ellis, University of California Press, 1969 * Politicas de Estabilizacion para una Economia Inflacionaria, in Desarrollo Economico, Buenos Aires, Julio-Setiembre 1972 * Argentina 1967-70 : A Stabilization Attempt that Failed (with G. Maynard) in Banca Nazionale del Lavoro Quarterly Review, Rome December 1972. * A New Method to estimate Measurement Errors in National Account Statistics,(with Y. Langaskens) in : ''International Statistical Review'', Vol. 42, No. 3, 1974, pp. 283-90 * ''Employment Problems and Policies in Developing Countries'' (Ed.) Rotterdam University Press, 1976. ISBN 9023722728 * ''A World of Inflation'' (with G. Maynard) Batsford, London 1976 * Why Inflation Rates Differ (with G. Maynard) in ''Inflation in Small Countries'' Ed. H. Frisch, Springer Verlag, Berlin 1976. * Inflation and Exchange Rates (with G. Maynard) in : ''The European Economy beyond the Crisis'' Ed. G.R.Denton and J.J.N. Cooper, Bruges 1977. * Es eficiente el mercado secundario de la deuda? ''Revista de la Integracion y el Desarrollo Centroamericano'', Agosto 1988 pp. 128-35. * The Transformation of Latin America : A Long-Term View, in ''Global Change and Transformation, Economic Essays in Honor of Karsten Laursen'' Handelshojskolens Forlag, Copenhagen 1993. ISBN 8716132157 * Trade and Investment Flows between Europe and Latin America and the Caribbean (with Caroline Beetz), in :''Latin America`s Competitive Position in the Enlarged European Market''. Bernhard Fischer/Albrecht von Gleich (eds.) Nomos Verlagsgesellschaft, Baden Baden 1994. * Domestic Policy Variables and Foreign Direct Investment Inflows in Latin America, in ''Essays in Honour of Professor Sylvain Plasschaert''. P.K.M.Tharakan/ D. Van Den Bulcke, eds. Springer 1995 * O Mito das Metas de Inflacao (The Myth of Inflation Targeting), in ''Valor Economico'' ,Sao Paulo, 3-10-2011


References

{{DEFAULTSORT:van Ryckeghem, Willy 1935 births Living people Belgian economists Vrije Universiteit Brussel faculty Ghent University faculty