Research Interests for Edwin Burmeister

Edwin Burmeister is the Research Professor of Economics Emeritua at Duke University. He specializes in the subjects of capital theory, economic growth, financial economics, and macroeconomics. Throughout his career, he has received numerous grants for his research from the National Science Foundation. These NSF grants have funded such projects as, “Asset Pricing and Macroeconomic Activity,” “Kalman Filtering Estimation of Unobserved Rational Expectations,” “Capital, Time, and Macroeconomics,” and “Demand, Adjustment Prices, and Economic Growth.” He has published a number of books on his subjects of interest, including such titles as, Mathematical Theory of Economic Growth, Econometric Model Performance: Comparative Simulation Studies of the U.S. Economy, and Capital Theory and Dynamics. His research findings and ideas have been printed in a number of leading academic journals, and range from his work on, “The Nature and Implications of Reswitching of Techniques” to his later writing on, “Conditional Value at Risk for Equities.” His recent studies focus on the exploration of interest rates and stock market prices and the role expectations play in determining these factors.

Areas of Interest:

Financial Economics
Capital Theory
Economic Growth

Representative Publications

1. Edwin Burmeister and Marjorie B. McElroy, The Burmeister-McElroy Sliced Normal Theorem: Conditional Forecasting with Probabilistic Scenarios (2009) [pdf] [abs]
2. Burmeister, E, Reflections, History of Political Economy, vol. 41 no. Suppl_1 (December, 2009), pp. 35-43, Duke University Press (Editors’ note: Transcript of Edwin Burmeister’s after-dinner talk at the HOPE conference, “Robert Solow and the Development of Growth Economics,” delivered on 25 April 2008, with Robert Solow as the guest of honor.].) [doi]
3. BURMEISTER, E; MCELROY, MB, JOINT ESTIMATION OF FACTOR SENSITIVITIES AND RISK PREMIA FOR THE ARBITRAGE PRICING THEORY, JOURNAL OF FINANCE, vol. 43 no. 3 (1988), pp. 721-735 [doi]
4. Edwin Burmeister and A. Rodney Dobell, Mathematical Theories of Economic Growth (1970), pp. 444 + i-xx, New York: Macmillan
5. Edwin Burmeister, Michael Bruno, and Eytan Sheshinski, The Nature and Implications of the Reswitching of Techniques, The Quarterly Journal of Economics (November, 1966) (reprinted in Readings in Mathematical Economics, Peter Newman, Ed., Vol. 11, Baltimore: Johns Hopkins Press, 1968..)