In order to achieve the convergence objective, the EU relies on integration and policy coordination, supported by substantial (supra-)national budgets. These are used to finance a wide range of government expenditure, for example on education or public security. In a spatial growth model, Ingrid Ott and Susanne Soretz show that, when designing coordination mechanisms and integration, more attention needs to be paid to the extent to which convergence can be achieved as a result of market incentives and the interaction between the public and private sectors.

Thomas Vöhringer was awarded the Fakultätspreis 2020, prize of faculty of economics for his master thesis:

Knowledge Generation and the Speed of Knowledge Obsolescence in the Era of the Digital Transformation.

The faculty of Economic Policy congratulates Thomas Vöhringer for his great achievement.

The joint workshop, originally planned for 19 and 20 March 2020, by the Chair in Economic Policy together with 

ZEW: Economics of Innovation and Industrial Dynamics 

ISI: CC Innovation and Knowledge Economy 

TUB: Chair of Innovation Economics 

will take place at a later time.

The annual convention of the Ausschuss für Regionaltheorie- und Politik des Vereins für Sozialpolitik initially planned for 8.-10. October 2020 is postpoend to October 2021.