International partnerships assist in the creation of the new Abu Dhabi Economics Research Agency

December 09, 2009

The establishment of ADERA marks a significant long term commitment by the government of Abu Dhabi to supporting international and local research in economics. ADERA funded research will generate a substantial increase in understanding the development of Gulf Cooperation Council economies, which will support the implementation of effective policy to promote growth, particularly as Gulf economies diversify away from dependence on oil revenue.

In a ceremony hosted at the Shangri-La Hotel under the auspices of HE Nasser Ahmad Al Suwaidi, DED Chairman, the new agency will sign an agreement with the German Institute for Economic Research (DIW-Berlin) to establish DIW-Berlin as the first of ADERA's Research Affiliates. In the coming weeks further agreements with other leading economics research institutions will be signed. Abu Dhabi is the first Gulf State to establish a research funding agency dedicated to economics research.

Recognising the value of such information and potential impact on their economy, the state's government has already signed an agreement with the UK's Economic and Social Research Council (ESRC), forming a link between the research communities of both countries. ESRC has advised and assisted in the development of ADERA's strategy, research schemes and procedures.

"In today's increasingly interconnected global economy, and uncertain economic times, the importance of the economies of the Gulf Cooperation Council (GCC) region has never been greater." said Professor Ian Diamond, Chief Executive of the ESRC. "I am delighted that the ESRC is able to provide assistance and partnership to this pioneering new agency. Providing high quality economic research is vital, not just to individual countries or regions but across the world. From a UK perspective, it will bring further funding opportunities for UK based economic research and facilitate their collaboration with colleagues in this important and growing part of the world. "
-end-
ESRC Press Office:
Danielle Moore (Tel: 01793 413122, email: danielle.moore@esrc.ac.uk)
Jeanine Woolley (Tel: 01793 413119, email jeanine.woolley@esrc.ac.uk)

NOTES FOR EDITORS

1. Abu Dhabi Economics Research Agency (ADERA) has been founded to improve globally the level of economics and related research relevant to Abu Dhabi and its region. The new agency will fund research teams in affiliated universities and institutions around the world to provide high quality research relevant to a sustainable economy and the realisation of Abu Dhabi's Economic Vision 2030.

2. The Department of Economic Development in Abu Dhabi is responsible for establishing and implementing government policies to promote sustainable economic growth, through regulation of the business sector and economic affairs, the preparation of plans, programmes and development projects, and cooperation with international and regional organisations and specialised agencies to achieve the Emirate's economic interests.

3. The Economic and Social Research Council (ESRC) is the UK's largest organisation for funding research on economic and social issues. It supports independent, high quality research which has an impact on business, the public sector and the third sector. The ESRC's planned total expenditure in 2009/10 is £204 million. At any one time the ESRC supports over 4,000 researchers and postgraduate students in academic institutions and independent research institutes. More at http://www.esrcsocietytoday.ac.uk.

Economic & Social Research Council

Related Economics Articles from Brightsurf:

A century of misunderstanding of a key tool in the economics of natural resources
In the past few weeks, oil prices have fallen to record lows.

What comes after COVID-19? Special issue in the journal Population and Economics
At this alarming time, when the COVID-19 pandemic is on everyone's mind, a new special issue in the open-access peer-reviewed journal Population and Economics provides a platform for discussion on the impact of the pandemic on the population and economics, both in Russia and worldwide.

Challenges for Russia's agriculture: new special issue in Russian Journal of Economics
While Russia seems to have tackled its historic problem: food shortage -- with the agri-food sector becoming one of the most steadily developing of the national economy in the last decade -- there is a new set of challenges.

Brief entrance test can predict academic success within first year of study in economics
German researchers at Johannes Gutenberg University Mainz (JGU) and Humboldt-Universit├Ąt zu Berlin found that even a short test can reliably predict students' success within their first year of study in economics -- much better than an intelligence test or predictions based on school grades.

The case for economics -- by the numbers
In recent years, criticism has been levelled at economics for being insular and unconcerned about real-world problems.

Scientists develop open-source software to analyze economics of biofuels, bioproducts
Perennial grasses can be converted into everything from ethanol to bioplastics, but it's unclear which bioproducts hold the greatest potential.

Life data economics: calling for new models to assess the value of human data
After the collapse of the blockchain bubble a number of research organisations are developing platforms to enable individual ownership of life data and establish the data valuation and pricing models.

SCAI and ACVP release consensus statement on cardiovascular catheterization laboratory economics
A newly released expert consensus statement provides recommendations for optimizing the financial operations of the cardiovascular catheterization laboratory (CCL) while providing cutting-edge patient care.

Shocking economics
Understanding economies in times of crises? Modern macroeconomics failed so far.

When does one of the central ideas in economics work?
Many situations in economics are complicated and competitive; this research raises the question of whether many theories in economics may suffer from the very fundamental problem that the key behavioral assumption of equilibrium is wrong.

Read More: Economics News and Economics Current Events
Brightsurf.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.