The RES is pleased to announce that the 2021 Royal Economic Society Prize has been awarded to Michael Koch, Ilya Manuylov and Marcel Smolka for their article ‘Robots and Firms’.
The Royal Economic Society prize is awarded by a committee consisting of the RES President, the Editor-in-Chief of the Economic Journal and one member of Council.
The paper was published in the August 2021 issue of the Economic Journal. You can read the article here.
The prize was awarded for the paper for a number of reasons. These were for:
- Making an important contribution to the rigorous understanding of how technical progress, in the form of new technologies, affects the economy.
- Understanding how the economy is evolving through the differential effect of “robots” across types of firms and the consequences of their adoption, in terms of productivity and employment.
- Serving as a great example of how newly collected data can speak to a topical issue in economics in a straightforward, yet powerful way.