Larry J. Kimbell


Died March 24, 1939 – October 29, 2012,Amarillo, TX

College: Calhoun
Major: Economics
Graduate School: University of Texas, Ph.D., Business Economics, 1968

Widow: Mrs. Shearer Kimbell
2612 Hawthorne Drive
Amarillo, TX 79109
806-354-8364 (Fax)

Children: Kris, 1958; Mark, 1959; Sherri, 1962; Richard, 1979; David, 1983; Charles, 1983


Larry Jack Kimbell, Ph.D., died Monday, October 29, 2012, in Amarillo. Dr. Kimbell was director of the UCLA Business Forecasting Project for 17 years. He was also Professor Emeritus of Business Economics at the John E. Anderson School of Management at UCLA, where he taught macroeconomics and business forecasting.

Services will be at 4 p.m., Saturday, Nov. 3, 2012, in St. Andrew’s Episcopal Church with the Rev. Jo Roberts Mann officiating. Arrangements are by Boxwell Brothers Funeral Directors, 2800 Paramount Blvd.

Kimbell was born March 24, 1939, in Shamrock to Rudy and Audrey Purdy Kimbell. He married Shearer Atkinson on April 9, 1991. He was a graduate of Amarillo High School and a 1961 cum laude graduate of Yale University. He was awarded a Ph.D. from the University of Texas, Austin, in 1968, and taught at UCLA from 1966 to 1999.

Dr. Kimbell is survived by his wife, Shearer; a sister and brother-in-law, LaVoyda and Gene Hill; a daughter, Sherri Kimbell of San Louis Obispo, CA; and five sons, Kris of Hilo, HI, Mark of Kona, HI, Richard, Charles and David, all of California. Other survivors include Jimmie Dell and Dr. William Price, and Beck and Robyn Atkinson of Angel Fire, NM, eleven nieces and nephews, and 25 first cousins.

Dr. Kimbell has been a consultant for many private corporations, federal, state and local governments. He advised international agencies such as the World Bank, the Bundesbank, and the United Nations, along with foreign governments and organizations in North America, South America, Europe, Australia and the Middle East. In 1988, Dr. Kimbell was awarded the Sterling prize for the most accurate forecast of the U.S. economy.

His research centered on the development, estimation and policy application of large-scale economic models, including (1) micro-simulation models of the U.S. and California health care systems; (2) macroeconometric models of the U.S., California and sub-state economies; (3) micro-analytic models of international trade in the Pacific basin, water allocation and air quality regulation on Southern California; (4) micro-date based hedonic price models to estimate the market value of residential real estate parcels; (5) models of impacts of events, such as the Northridge Earthquake, on home prices.

The family will receive friends in St. Andrew’s Parish Hall immediately following the service. They request memorials to a favorite charity in lieu of flowers.

Sign the online guest book at

Amarillo Globe-News, Nov. 2, 2012

In 1999, Larry J. Kimbell retired from his position as professor of business economics at the John E. Anderson Graduate School of Management, University of California, Los Angeles. He served on the U.C.L.A. faculty over a span of 33 years. He taught macroeconomics, business forecasting, and the management of location decisions. He chaired more than a dozen Ph.D. thesis committees. Students who trained with him have gone on to many important positions in the forecasting field, including major Wall Street brokerage firms, large Fortune 500 firms, and other forecasting units in several universities.

For almost 25 years, Professor Kimbell was Director of the UCLA Anderson Forecast, which he joined in 1973. He has co-authored and helped edit almost 100 issues of the UCLA Forecast, a quarterly publication. He has presented the economic outlook for the United States and/or California to more than one thousand audiences.

Dr. Kimbell was Director of the U.S. Macroeconomics Forecasting Service of the WEFA Group, Inc., from July 1990 until June 1992. While there he co-authored the monthly short-term U.S. Forecast and the quarterly long-term U.S. Forecast.

His research has centered on the development, estimation, and policy application of large-scale economic models. The consulting work of Dr. Kimbell has included research for the

World Bank, the Bundesbank , the United Nations, and many governments and firms in North America, South America, Europe, Asia, Australia and the Middle East.