Paul Romer

Endogeneous Growth Theory

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Paul Michael Romer (born November 6, 1955) is an American economist and co-recipient of the Nobel Memorial Prize in Economic Sciences (shared with William Nordhaus) in 2018 for his contributions to endogenous growth theory. He was awarded the prize “for integrating technological innovations into long-run macroeconomic analysis”.Romer was chief economist and senior vice president of the World Bank until he resigned in January 2018 following a controversy arising from his claim of possible political manipulation of Chile’s “ease of doing business” ranking. Romer took leave from his position as professor of economics at the Stern School of Business of NYU when he joined the World Bank.
Romer has also been a professor of economics at the University of Chicago, the University of California, Berkeley, the Stanford University’s Graduate School of Business, and the University of Rochester. In addition, he was a senior fellow at Stanford’s Center for International Development, the Stanford Institute for Economic Policy Research, the Hoover Institution, as well as a fellow at the Center for Global Development.


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