Prof. Daron Acemoglu, who worked with our colleagues fromNHF EUBA on a successful bilateral project, has been awarded the Nobel Prize for Economics

Professor Daron Acemoglu of the Massachusetts Institute of Technology (MIT) has been awarded the Nobel Prize in Economics for his research on the impact of institutions on prosperity.

In 2022, a team of researchers from the Department of Economic Policy at the Faculty of Economics and Finance of the University of Economics in Bratislava was one of the first research teams in the Slovak Republic to receive funding for a bilateral project entitled: "Implications of automation for the labour market in the United States and the European Union", within the MIT - Slovakia Seed Fund (MISTI Global funds for Slovakia) grant programme, which was established in 2019 by the Ministry of Investment, Regional Development and Informatisation of the Slovak Republic together with the Massachusetts Institute of Technology.

The project between NHF EUBA and MIT ran from 1st. May 2022 to 31st. January 2024. On the EUBA side it was led by doc. Martin Lábaj from the Faculty of Economics, and on the MIT side, the team of researchers and students was led by prof. Daron Acemoglu, today's Nobel Laureate in Economics.

"According to the RePec database, Daron Acemoglu is one of the top 3 most renowned economists in the world. The opportunity to work directly with him and his team on the project was an incredible success for us, a great challenge and at the same time an obligation to raise the level of research in our department to a new level," said Martin Lábaj, the project leader on the Slovak side.

In addition to Professor Acemoglu, Simon Johnson and James A. Robinson were also awarded the Nobel Prize. According to the Swedish Academy, this year's laureates in economics have demonstrated the importance of social institutions for a country's prosperity. Societies with a poor rule of law and institutions that exploit the population do not generate growth or change for the better. The research of the laureates helps us to understand why.

The Nobel Prize in Economics is not one of the original prizes established in 1895 in the will of Alfred Nobel, the inventor of dynamite. It has been awarded since 1968 and most of its winners have been Americans.

The Faculty of Economics and Fincaance of University of Economics in Bratislava joins in congratulating Prof. Acemoglu on his prestigious award.

In order to promote positive awareness and promote organized public events, the University of Economics in Bratislava produces visual and audio recordings and publishes them on its website. In case of reservations to the published video and audio recordings, please make these reservations in writing to the following e-mail address: . Complete information on personal data processing here.