- Professor of Applied Economics, Massachusetts Institute of Technology (MIT)
A new analysis shows how family background influences who grows up to invent. The key to turning things around? Expose kids to more inventors.
Foreign investment could fall by close to a quarter, harming productivity and incomes if Britain leaves the EU, according to new research.
Amid sluggish global growth and a stuttering UK economy, George Osborne delivers his eighth budget.
Don’t let the u-turn on tax credits fool you, swingeing cuts remain the order of the day in Osborne’s bid to achieve a budget surplus.
A living wage grabs the headlines, but sluggish productivity is a harder nut to crack than that.
Experts provide a rolling response, live as the results come in for the 2015 general election.
The main parties are spending most of their time arguing over the speed and extent of cuts, when they should be talking about growth.
What the chancellor didn’t mention is that UK GDP per person is 16% lower than we would have expected on pre-crisis trends and the major factor is lousy productivity growth.
The coalition’s austerity programme knocked 1% off growth, and yet all parties are planning on sticking with it.
Labour’s Chuka Umunna said Britain is lagging behind in terms of productivity. We got two academics to look at the facts.
There are things to like in the Autumn Statement. The reforms to end the “cliffs” in stamp duty and make it a more graduated tax are welcome, but even better would have been to replace stamp duty entirely…
The chancellor of the exchequer, George Osborne, has delivered the financial package he hopes will convince voters to deliver a Conservative majority in May 2015. Here, our team of academic experts responds…
Chancellor George Osborne has unveiled his fourth budget. The blueprint for recovery includes wholesale changes to pensions and savings, attempts to boost business investment, new relief for the costs…
The latest data from the ONS show that the UK’s productivity gap with other G7 nations is at its widest since 1992. This bad news comes against the backdrop of increased optimism as the economy seems finally…
The proportion of UK-quoted shares owned by overseas investors passed the 50% mark for the first time last week. Predictably there was much wringing of hands about the decline of British business and short-termism…
The spending review is a strange beast. Invented by Gordon Brown, it would normally cover 3 to 4 years instead of a single year – but this one is aimed at 2015-16. Chancellor George Osborne’s 2010 Review…
The International Monetary Fund’s annual investigation into the health of the UK economy makes ugly reading. The IMF points out that “per capita income remains 6% below its pre-crisis peak, making this…
The UK labour market has done much better than expected since the start of the recession. Although we are suffering the worst recovery for over a century – national income has shrunk by almost 3% since…
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