We study the balanced growth paths and their stability features of a monetary two-sector endogenous growth model with physical capital and human capital accumulation. The demand of money is motivated ...
The latest winner of the Nobel Prize in Economic Sciences is Professor Paul Romer. He achieved this prestigious accolade for his work on endogenous growth theory Professor Paul Romer's theory ...
Two Americans won the Nobel Prize in Economics on Monday for their work suggesting robust, long-term economic growth can go hand in hand with a healthier, happier planet — if the rules of business and ...
The latest winner of the Nobel Prize in Economic Sciences is Professor Paul Romer. He achieved this prestigious accolade for his work on endogenous growth theory ...
Why are some nations rich while others remain poor? It’s one of the oldest—and most consequential—questions in economics. The ...
Researchers have introduced an AI-driven, model-free control system that stabilizes the complex Uzawa-Lucas endogenous growth model using only partial economic data. By leveraging differential ...
It is telling that with the Economics Nobel 2025, the Nobel Committee has chosen to honour a framework whose ideal conditions such as liberal markets and scientific freedom are under strain ...
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Innovation, Openness, and the AI Race: Lessons from the 2025 Nobel Laureates in Economics
The winners of the 2025 Nobel Prize in Economics underscore how innovation and openness fuel progress—offering lessons for ...
But that thinking changed with the emergence of endogenous growth theory, which aims to explain which forces drive innovation ...
This is a preview. Log in through your library . Abstract Heterogeneity among firms has been an important issue in studying firms' technical efficiencies. If firms do not randomly fall into different ...
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