On September 25 the 2014 European Investment Bank Prize for Excellence in Economic and Social Research will be awarded to IZA Research Fellows Nicholas Bloom (Stanford University) and John Van Reenen (Centre for Economic Performance and London School of Economics). The prestigious prize, for the first time awarded last year to IZA Director Klaus F. Zimmermann, honors the outstanding academic excellence and the impact of the prize winner’s research on public policy.
This year the EIB Institute acknowledged the highly influential work of Bloom and Van Reenen in the field of “Innovation, Market Structure and Competitiveness.” According to the EIB Prize jury both authors have been pioneers in analyzing the effects of innovation on economic performance and inequality.
Klaus F. Zimmermann congratulated Bloom and Van Reenen: “The European Investment Bank could not have taken a better decision as to honor the work of Bloom and Van Reenen that is of eminent importance in times of European recession and Euro crisis”.
The 2014 EIB Prize will be awarded at the Free University of Berlin, at which Zimmermann acts as an Honorary Professor of Economics.
This article is available as IZA Policy Paper No. 69