Paul Romer; endogenous growth theorist ▫ November 7 is the birthday of Paul Romer, an American economist and winner of the Nobel Prize in Economics; Someone who has shown in his research how knowledge, technology and innovation can lead to long-term economic growth. ▫ In conventional models of economic growth, technological progress was often considered an external factor whose origin was not explained. ▫ He showed that unlike material resources, the use of knowledge is not limited to a person or society; An idea can be implemented simultaneously in different sectors of the economy and help increase productivity and long-term economic growth. In 2018 Roemer won the Nobel Prize in Economics together with William Nordhaus for his research on the role of technological innovation in long-term economic growth. ▫ Romer's research mentions the fact that the horizon of economic development is not determined only by available resources; It also depends on the ability of companies to generate, expand and apply knowledge. The link of this program is in the mechanism.

Paul Romer; endogenous growth theorist ▫ November 7 is the birthday of Paul Romer, an American economist and winner of the Nobel Prize in Economics; Someone who has shown in his research how knowledge, technology and innovation can lead to long-term economic growth. ▫ In conventional models of economic growth, technological progress was often considered an external factor whose origin was not explained. ▫ He showed that unlike material resources, the use of knowledge is not limited to a person or society; An idea can be implemented simultaneously in different sectors of the economy and help increase productivity and long-term economic growth. In 2018 Roemer won the Nobel Prize in Economics together with William Nordhaus for his research on the role of technological innovation in long-term economic growth. ▫ Romer's research mentions the fact that the horizon of economic development is not determined only by available resources; It also depends on the ability of companies to generate, expand and apply knowledge. The link of this program is in the mechanism.