Aiginger, Karl - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 98 (2018) 11, pp. 786-790
The prize honours the ground-breaking theoretical contribution of Paul M. Romer who found that the speed of growth is … no longer exogenous but depends on economic forces. The drivers of growth are human capital, ideas and innovation; these … use. Romer‘s model, and practically all models of endogenous growth theory, do not differentiate whether technical …