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

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 ...

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 ...

The 2025 Nobel prize in Economics honors Mokyr, Aghion, and Howitt for explaining how innovation drives growth—and warns that ...

It was a 1992 paper that was pivotal for Howitt and Aghion winning the Nobel Prize. Building on the ideas of economist Joseph Schumpeter, the pair formalized the concept of “creative destruction,” ...

Nobel lessons for academia: growth, like learning, is not inherited but renewed. Every generation must rediscover how to ...

Canadian Peter Howitt, an emeritus professor of economics at Brown University, was awarded the Nobel Prize in economic sciences on Monday in a joint recognition with two others fo ...

What makes some countries rich and others poor? Is there any action a country can take to improve living standards for its citizens? Economists have wondered about this for centuries. If the answer to ...

Aaker, David A. 1991. Managing Brand Equity. New York: Free Press. Akcigit, Ufuk, and Sina T. Ates. 2021. “Ten Facts on Declining Business Dynamism and Lessons from Endogenous Growth Theory.” American ...

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 ...