Dr João Romero, a recent doctoral graduate from the Department, has been awarded the prestigious Exim Bank of India BRICS Economics Research Award for 2016. The award was presented to Dr Romero by Shaktikanta Das, head of the Indian Government's Department of Economic Affairs at the recent BRICS Financial Forum.
Over 50 researchers from around the world competed for the prize, which aims to encourage doctor research in economics exploring topics that may be especially relevant to the emerging economies of BRICS countries (Brazil, Russia, India, China, and South Africa).
The 2016 BRICS Financial Forum was organised by the Exim Bank of India in conjunction with the 8th BRICS Summit held in October. The forum aimed to explore future prospects for the BRICS countries including financial growth as well as initiatives that would promote research and knowledge-sharing.
As part of this push for knowledge-sharing, the BRICS Economics Research Award honoured Dr Romero for his research examining the relationship between economic growth and productivity in manufacturing industries for fifteen countries. He shows that research intensity magnifies the positive feedback between productivity and growth, particularly for high-tech industries and that technical progress improves the balance between exports and imports, boosting productivity growth.
For more information on the award, see the Exim Bank of India.