Impact – University of Copenhagen

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Department of Economics > Research and publications > Impact

Impact

Scientific impact

At Department of Economics we aim to conduct basic and applied research of highest international standard, and to be actively engaged in knowledge transfer. We aim to be the leading economics research department in Denmark, and to belong to the European elite in some research areas and to the world elite in one or two areas.

We form the largest Danish economics department and we are responsible for the largest economics study programme in Denmark. This gives an obligation to cover all important areas of economics such that the department can offer research-based teaching. This also applies to the need for external communication on a wide range of topics in economics.

For decades, the department has been known in the international research community for our theoretical research of a very high quality. Nowadays, the department’s high quality research spans many areas, theoretical as well as applied. All of the department’s research groups are on the research frontier in their area with publications in leading general interest and field journals. Research within the groups CAM, CCE, CEE, EPRU, FRU, MRU, DERG and MEHR has been published in American Economic Review, Econometrica, Review of Economic Studies and Quarterly Journal of Economics. Furthermore, EPRU research has been published in the leading political science journal American Political Science Review. CEE research is forthcoming in Proceedings of the National Academy of Sciences. Furthermore, there are books with esteemed publishers in areas where this is particularly prestigious.

We follow the international trend where Economics research has tended to become more applied. In particular, an increasing amount of research at the department has in the last 10-15 years been using the excellent Danish register data, which (together with the Norwegian and Swedish) are unique in the world.

Societal impact

From press releases to involvement in commissions: Our outreach activities are manifold and involve different stakeholders.

The media coverage of research results from our department is solid: we disseminate our own original research results, and we improve the quality of public debates with research-based insights. Examples of the departmental media stories, national as well as international, are always updated at our webpage. This is an output of our research.

The societal outcome and the impact of the scientific work has a more diffuse character. The traits of our research effort show in society with a time delay after results have been found. That is the nature of the societal impact of social science. Still, our conferences open to relevant stakeholders, our collaboration with ministries and our participation in boards and commissions have paved the way for solid societal impact.

Impact cases

Danish taxes are among the highest in the world. Optimal structures are thus key to maintain both public and political contentment and to secure a continued best practice in tax reporting and auditing. Claus Thustrup Kreiner and Peter Birch Sørensen both have year-long experience within economics of taxation and tax policy. Their cases are examples of research results that have fed directly into reforms of the Danish laws and policy.

Other examples include Anders Rahbek’s research on financial risk used by the European Insurance and Occupational Pensions Authority (EIOPS) in its implementation of the Solvency II regulation, David Dreyer Lassen’s work on fiscal transparency used by the IMF, and Henrik Hansen’s and Finn Tarp’s work on Development Aid, which has had great international impact on aid effectiveness research and aid policy.