Daron Acemoglu

Massachusetts Institute of Technology
Daron Acemoglu

Daron Acemoglu is Charles P. Kindleberger Professor of Applied Economics in the Department of Economics at the Massachusetts Institute of Technology (MIT). He has received a B.A. in economics at the University of York, 1989, M.Sc. in mathematical economics and econometrics at the London School of Economics, 1990, and Ph.D. in economics at the London School of Economics in 1992.

He is an elected fellow of the American Academy of Arts and Sciences, the Econometric Society, the European Economic Association, and the Society of Labor Economists. He has received numerous awards and fellowships, including the inaugural T. W. Shultz Prize from the University of Chicago in 2004, and the inaugural Sherwin Rosen Award for outstanding contribution to labor economics in 2004, Distinguished Science Award from the Turkish Sciences Association in 2006, the John von Neumann Award, Rajk College, Budapest in 2007.

He was also awarded the John Bates Clark Medal in 2005, given every two years to the best economist in the United States under the age of 40 by the American Economic Association, and holds an Honorary Doctorate from the University of Utrecht.

His research interests include political economy, economic development and growth, human capital theory, growth theory, innovation, search theory, network economics and learning.

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Daron Acemoglu

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Does democracy cause growth?

Many analysts view democracy as a neutral or negative factor for growth. This column discusses new evidence showing that democracy has a robust and sizeable pro-growth effect. It finds that a country that switches from non-democracy to democracy achieves about 20% higher GDP per capita over the subsequent three decades.

03 June 2016
Macroeconomics
Macroeconomics
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