Global Award for Entrepreneurship Research 2019

Boyan Jovanovic is the 2019 winner of the Global Award for Entrepreneurship Research. According to the Prize motivation, Boyan Jovanovic received the Award “for pioneering research that advances our understanding of the competitive dynamics between incumbent firms and new ventures, entrepreneurial learning and selection processes, and the importance of entrepreneurship for the economy.”


EEAG report 2019: Why is Italy lagging behind? While Sweden broke out of the decline

“What I believe is missing in Italy is not the reforms, but believing in the reforms”, said Guiseppe Bertola, University of Turin, when presenting this years' EEAG Report on a seminar in Stockholm. He added that "the solution is not to do the reforms that Germany is doing, it’s not to become Danish and it’s not to do what you did when the country did well. The solution is to understand the surrounding”. Karolina Ekholm, professor in international economics, and  Mauro Gozzo, chairman of the Economic Council of Swedish Industry, commented on the report.


Global Award for Entrepreneurship Research 2018



How the EU might foster unity – EEAG Report on the European Economy 2018

The EEAG-report 2018 in general and in particular a chapter titled “It’s ok to be different: Policy coordination and economic convergence” was presented at a seminar in Stockholm by Professor Clemens Fuest, CESifo, Munich. This was followed by a discussion about the future of the EU. Katarina Areskough Mascarenhas, Head of the European Commission Representation in Stockholm, and Professor Lars Calmfors, IFN and Professor Emeritus at Stockholm University, participated in the panel discussion which was moderated by Thomas Gür, writer and entrepreneur.



Why are some immigrant groups more successful than others?

Edward Lazear of Stanford University visited IFN on Wednesday and launched a public seminar. Lazear has studied immigration to the United States, as well as to Sweden, and found that the underlying mechanisms are much the same in both countries. He explained that the success of the new arrivals is more dependent on the rules set by the recipient country than the country from which new arrivals have come. If integration is defined as immigrants learning the language of the new country, those immigrants living in areas with many people from their old home country are integrated, into society as a whole, at a much lower rate.


European reform for innovation and entrepreneurship needed

On Tuesday the study Institutional Reform for Innovation and Entrepreneurship: An Agenda for Europe was presented in Stockholm. The study is part of Fires, a research program funded by the European Commission. The seminar was jointly organized by the Research Institute of Industrial Economics (IFN) and the European Commission’s Representation in Sweden. In a panel Jeanette Andersson, Angel Investor, Anna Maria Corazza Bildt, MEP, Magnus Henrekson, IFN, Håkan Hillefors, Ministry of Enterprise and Innovation, and Peter Voigt, EU Commission, discussed the European entrepreneurial eco system or the lack thereof.


De Soto awarded for knowledge about property rights

Hernando de Soto, founder of the think-tank Institute of Liberty and Democracy (ILD), in Lima, Peru, has been awarded the Global Award for Entrepreneurship Research 2017. "Five billion people are poor because they are not part of social networks of trust," said Soto when he received the award in Stockholm, Sweden. The award was presented by Minister for Finance Magdalena Andersson. During his prize lecture Mr. de Soto showed his passport and credit card to illustrate property rights; how people in developed countries can easily travel and do business, where people in poor countries are only trusted in smaller circles.


Economic policy and the rise of populism

The EEAG Report 2017 was presented at a seminar in Stockholm. What drives populism, asked Professor Clemens Fuest, CESifo, Munich, at the seminar titled “Economic policy and the rise of populism”. His answer was the large influx of immigrants, but also globalization and people’s perception of losing out. In a panel Professor Fuest was joined by Karolina Ekholm, State Secretary to the Minister for Finance, Assar Lindbeck, Professor IFN and Stockholm University and Alice Teodorescu, Editor-in-chief for opinion at Göteborgs-Posten.


What the research can teach us about automation

What can we learn from the research on automation and digitalization? This question was answered at a seminar organized by IFN. Keynote speaker was Professor Melanie Arntz, ZEW in Mannheim and Heidelberg University. She has studied the effects of automation on labor markets in the OECD. Arntz explained that the discussion is often too doom-laden. From IFN Professor Lars Persson and Ph.D. Mårten Blix presented their research in the field. In a panel, chaired by digitization expert Sara Öhrvall, Annika Winsth, chief economist Nordea, also participated.


The idea is the idea of growth

The well-known economist Deirdre McCloskey, Professor at University of Illinois at Chicago, opened a seminar entitled The idea is the idea of growth. Bettina Kashefi, chief economist at the Confederation of Swedish Enterprise, and Ola Pettersson, chief economist at the Swedish Trade Union Confederation, were included in the subsequent panel. McCloskey spoke about her book "Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World" (University of Chicago Press, 2016). She explained that not economics but “humanomics” explains our riches. McCloskey has written 17 books and about 400 scholarly pieces on topics ranging from technical economics and statistical theory to transgender advocacy and the ethics of the bourgeois virtues.


The moral psychology of economic life & What the hell is happening to western democracies?

Jonathan Haidt presented his research about morality at a seminar on June 28, 2016. He explained how it can be that left and right views are so different (in most countries), and what capitialism does to consciousness and to conscience – how it changes values. Jonathan Haidt is a social psychologist and Professor of Ethical Leadership at New York University’s Stern School of Business. 


Entrepreneurship Prize Award Lecture 2016 with Philippe Aghion

Professor Philippe Aghion, Collège de France, received the Global Award for Entrepreneurship Research 2016 on an award ceremony  at Grand Hotel in Stockholm. Faced with an ample audience Aghion held a prize lecture on growth and innovation. Global Award is the world's leading award in entrepreneurship research, with a prize sum of almost one million. Philippe Aghion is one of today’s  most influential researchers in the field of economics.


Equity between generations

Harold James, Professor of History and International Affairs, Princeton University, presented the 2016 EEAG Report and a chapter about intergenerational fairness in today’s Europe. Mats Persson, Professor of Economics at Stockholm University, commented on the report. This was followed by a discussion moderaterad by journalist Paulina Neuding. The topics veered from the many asylum seeking immigrants and unemployment among European youth to retirement benefits, and what these developments will mean to the society of tomorrow.


Politics vs the economy? When policy uncertainty curbs economic growth

Does policy uncertainty curb economic growth, was the key question asked and answered by Professor Steven Davis, University of Chicago Booth School of Business, at a seminar organized by IFN. Davis is co-founder of the Economic Policy Uncertainty Index, which measures economic uncertainty and its impact on production, investment and employment. The seminar panel also included Max Elger, State Secretary in the Ministry of Finance, Ulf Kristersson, Economic Policy Spokesperson the Moderate Party and Professor John Hassler, Chairman of the Swedish Fiscal Policy Council.


GDP is not enough – Or how to measure life

GDP is problematic as a measure of growth, but this does not mean that GDP is useless, explained Professor Diane Coyle, University of Manchester, in a seminar organized by IFN May 7. Coyle said that GDP is insufficient as a measure and what is probably needed is a dashboard of indicators. At the seminar, she mentioned a number of existing alternative measures, including Social Progress Index, which was created in 2014.


Crony capitalism vs. free markets

Luigi Zingales, Professor of Entrepreneurship and Finance at the University of Chicago, presented his research on crony capitalism and pro-market vs. pro-business, at a seminar organized by IFN: Comments were given by Magnus Henrekson, Professor and Managing Director of IFN, and Christian Bjørnskov, Professor at Aarhus University.



The Decline and Fall of the Stock Market

Stock markets fulfill dual functions: they enable firms to raise capital by issuing shares to the public and at the same time allow institutions/individuals to invest and take part in the listed companies’ profits. In addition, they serve as a trading venue for the shares, thereby providing liquidity to shareholders. But in many countries, stock market listings are falling out of favor. What are the consequences of this trend for corporate investments and economic growth?

Interdisciplinary European Studies

The European Union and the Return of the Nation State


This book explores the complex and ever-changing relationship between the European Union and its member states. The recent surge in tension in this relationship has been prompted by the actions of some member state governments as they question fundamental EU values and principles and refuse to implement common decisions seemingly on the basis of narrowly defined national interests.

About the book

Research Institute of Industrial Economics, Grevgatan 34 - 2 fl, Box 55665, SE-102 15 Stockholm, Sweden | Phone: +46-(0)8-665 45 00 |