Nobel laureate Robert Solow, credited as the founder of the modern model of economic growth, died on Thursday at the age of 99. Through his writings in the 1950s, Solow challenged traditional thinking ...

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 ...

Growth cannot be measured only in numbers or output. It is a story of renewal - of how societies reorganise, how ideas travel ...

The Laureates Mokyr, Aghion, Howitt explain the role of innovation, prescriptive knowledge, creative destruction ...

Why are some nations rich while others remain poor? It’s one of the oldest—and most consequential—questions in economics. The ...

But that thinking changed with the emergence of endogenous growth theory, which aims to explain which forces drive innovation ...

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

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

The study of economic geography and spatial models has evolved to integrate complex mathematical frameworks and empirical insights to understand the spatial dynamics of economic activities.