Ghanaians see the evidence of economic wear-and-tear every day. Potholes often appear soon after a road project is ...

Economic Theory, Vol. 29, No. 2, Symposium in Honor of Mukul Majumdar (Oct., 2006), pp. 341-362 (22 pages) We highlight two features of undiscounted optimal growth in the context of a two-sector model ...

Howitt and Aghion received the honor for their endogenous growth model developed in the late 1980s. Mokyr was recognized for ...

Their work was credited with helping economists better understand how new ideas and inventions come about — a process as old ...

The Nobel Prize in Economics recognizes economists for explaining innovation-driven growth. Their work highlights the link between science, technology, and societal acceptance of change. This award ...

The future of growth models will be driven by innovation, and this is both a challenge and an opportunity, as reflected in ...