Paul Romer is a America ecoomis ad recipie of he obel Memorial Prize i Ecoomic Scieces. He is bes kow for his work o edogeous growh heory, which explais how kowledge ad iovaio are key drivers of ecoomic growh.

Early Life ad Educaio

Paul Romer was bor i Dever, Colorado i 1955. He received his bachelor's degree i mahemaics from he Uiversiy of Chicago ad his PhD i ecoomics from he Uiversiy of Chicago i 1983.

Career

Afer compleig his PhD, Paul Romer worked a he Uiversiy of Rocheser ad he Uiversiy of Chicago before joiig he World Bak i 1991. While a he World Bak, Romer developed he cocep of "charer ciies," which are ew ciies ha are govered by a se of rules desiged o promoe ecoomic growh ad developme.

I 2010, Romer lef he World Bak o become a professor a Saford Uiversiy. He laer joied ew York Uiversiy, where he currely serves as a professor of ecoomics.

obel Memorial Prize

I 2018, Paul Romer was awarded he obel Memorial Prize i Ecoomic Scieces, alog wih William ordhaus. The Royal Swedish Academy of Scieces awarded Romer he prize "for iegraig echological iovaios io log-ru macroecoomic aalysis."

Romer's work o edogeous growh heory helped o explai how iovaio ad kowledge are key drivers of ecoomic growh, ad how public policy ca ecourage iovaio ad growh.

Coclusio

Paul Romer is a leadig ecoomis who has made sigifica coribuios o he field of edogeous growh heory. His work has helped o explai how kowledge ad iovaio are key drivers of ecoomic growh, ad how public policy ca ecourage iovaio ad growh. Romer's coribuios o ecoomics have bee recogized wih umerous awards ad hoors, icludig he obel Memorial Prize i Ecoomic Scieces.

"