Professor John Van Reenen, Department of Economics and Centre for Economic Performance, has been awarded the European Investment Bank Institute’s 2014 ‘Outstanding Contribution Award’. The accolade was jointly awarded to Professor Nicholas Bloom of Stanford University. This year’s prize was given to academics whose research is related to innovation, market structure and competitiveness.
The jury praised both Professor John Van Reenen and Professor Nicholas Bloom: “for their influential research assessing the interaction between company size and market structure and the impact of investment decisions on innovation and productivity in different sectors.”
The authors have been pioneers in analysing the effects of managerial and technological innovation on economic performance and inequality, developing new tools to measure organisational innovations in over 32 countries (World Management Survey) They have also examined the determinants of innovation, particularly concentrating on policies which influence productivity, such as competition, trade and regulations.
Professor Van Reenen said: “I am very honoured to receive this prize, especially to share it with Nick.”
Professor Bloom said: “Receiving the prize is both unexpected and a great pleasure”.
EIB President Werner Hoyer will present the EIB Prize on 25 September 2014 in Berlin. Professor Van Reenen will deliver a prize lecture at the award ceremony.
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.
In 2012, the EIB Institute was created in order to promote European initiatives for the common good. It does this through three programmes relating to knowledge, the social dimension, and arts and culture. The Knowledge Programme supports initiatives in the field of education, research and innovation.
The EIB Prize is an economics award created in 2013 by the EIB Institute to recognize and stimulate excellence in economic and social research, and its implementation and diffusion. Research considered for the prize is of specific relevance to European development and integration.