Three essays on conflict and ethnic tensions
On Tuesday 22 October 2024 Monica Beeder will hold a trial lecture on a prescribed topic and defend her thesis for the PhD degree at NHH.
– Helped us understand differences in prosperity
The Sveriges Riksbank Prize in Economics goes to a trio who have studied differences in prosperity between nations. `An excellent award for those of us who are doing research on poverty and inequality,´ says Kjetil Bjorvatn.
The Royal Swedish Academy of Sciences has awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024 to:
• Daron Acemoglu, Massachusetts Institute of Technology, Cambridge, USA
• Simon Johnson, Massachusetts Institute of Technology, Cambridge, USA
• James A. Robinson, University of Chicago, IL, USA
They are awarded the prize for their studies on how institutions are formed and how they influence prosperity.
Centre for Experimental Research on Fairness, Inequality and Rationality
The research center FAIR is a Centre of Excellence (SFF). According to the Research Council of Norway, the SFF scheme gives Norway's leading scientific communities the opportunity to organize themselves into centers to achieve ambitious scientific goals. The research is intended to push the boundaries of international research, being both innovative and groundbreaking.
`They have helped us understand the differences in prosperity between nations,´ said the chair of the Nobel committee.
Kjetil Bjorvatn is a professor at the Department of Economics and a researcher at the Centre of Excellence in Research, FAIR. Economic development and political economy are some of Bjorvatn's main research interests. His paper Long-Term Effects of Preschool Subsidies and Cash Transfers on Child Development: Evidence from Uganda was recently published.
`Acemoglu, Johnson, and Robinson have highlighted through their research how inclusive institutions are crucial for ensuring long-term economic growth and prosperity. This aligns with several of our studies conducted at FAIR, where we see that relevant education and access to capital can lift people out of poverty,´ says Bjorvatn.
Acemoglu, Johnson, and Robinson have examined Europeans' colonization of large parts of the world. An important explanation for today's differences in prosperity is the political and economic systems that the colonizers introduced or chose to retain from the 16th century onward. The laureates have shown how this led to a highly detrimental development.
This year's laureates have demonstrated how important societal institutions are for a nation's prosperity. Societies with weak rule of law and institutions that exploit the population create neither growth nor positive change. The laureates' research helps us understand why, the press release states.