Paul M Romer
Biographic Data
| ID | 1455050 |
|---|---|
| NAME | Paul M Romer |
| GIVEN NAMES | Paul M |
| FAMILY NAME | Romer |
| SIGNATURE | ROMER P M |
| AFFILIATIONS | Professor of Economics, University of California, Berkeley, California. |
| VERIFIED | No |
| TOTAL WORKS | 7 |
| TOTAL CITATIONS | 2,627 |
| WORKS AS AUTHOR | 7 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1986 |
| LATEST PUBLICATION YEAR | 2002 |
| H-INDEX | 3 |
Patents, Citations, and Innovations
Innovation and technological change, long recognized as the main drivers of long-term economic growth, are elusive notions that are difficult to conceptualize and even harder to measure in a consistent, systematic way. This book demonstrates the usefulness of patents and citations data as a window on the process of technological change and as a powerful tool for research on the economics of innovation. Patent records contain a wealth of informati…
The Growth of Nations
AVERAGE INCOMES in the world's richest countries are more than ten times as high as in the world's poorest countries. It is apparent to anyone who travels the world that these large differences in income lead to large differences in the quality of life. Less apparent are the reasons for these differences. What is it about the United States, Japan, and Germany that makes these countries so much richer than India, Indonesia, and Nigeria? How can th…
The Origins of Endogenous Growth
This paper describes two strands of work that converged under the heading of 'endogenous growth.' One strand, which is primarily empirical, asks whether there is a general tendency for poor countries to catch up with rich countries. The other strand, which is primarily theoretical, asks what modifications are necessary to construct a theory of aggregate growth that takes the economics of discovery, innovation, and technological change seriously. …
Economic Integration and Endogenous Growth
In a world with two similar, developed economies, economic integration can cause a permanent increase in the worldwide rate of growth. Starting from a position of isolation, closer integration can be achieved by increasing trade in goods or by increasing flows of ideas. We consider two models with different specifications of the research and development sector that is the source of growth. Either form of integration can increase the long-run rate…
Human capital and growth
As suggested by its title, this paper offers both theory and evidence on the connection between human capital and growth, but only if both "theory" and "evidence" are interpreted broadly.The theory is really no more than a conceptual framework for thinking about growth, one that is intended to be useful in the analysis of data.It generates neither a set of equations to be solved for an equilibrium nor sharp quantitative predictions.Correspondingl…
Endogenous Technological Change
Growth in this model is driven by technological change that arises from intentional investment decisions made by profit-maximizing agents. The distinguishing feature of the technology as an input is that it is neither a conventional good nor a public good; it is a nonrival, partially excludable good. Because of the nonconvexity introduced by a nonrival good, price-taking competition cannot be supported. Instead, the equilibrium is one with monopo…
Increasing Returns and Long-Run Growth
This paper presents a fully specified model of long-run growth in which knowledge is assumed to be an input in production that has increasing marginal productivity. It is essentially a competitive equilibrium model with endogenous technological change. In contrast to models based on diminishing returns, growth rates can be increasing over time, the effects of small disturbances can be amplified by the actions of private agents, and large countrie…
Endogenous Technological Change
Growth in this model is driven by technological change that arises from intentional investment decisions made by profit-maximizing agents. The distinguishing feature of the technology as an input is that it is neither a conventional good nor a public good; it is a nonrival, partially excludable good. Because of the nonconvexity introduced by a nonrival good, price-taking competition cannot be supported. Instead, the equilibrium is one with monopo…
Increasing Returns and Long-Run Growth
This paper presents a fully specified model of long-run growth in which knowledge is assumed to be an input in production that has increasing marginal productivity. It is essentially a competitive equilibrium model with endogenous technological change. In contrast to models based on diminishing returns, growth rates can be increasing over time, the effects of small disturbances can be amplified by the actions of private agents, and large countrie…
The Origins of Endogenous Growth
This paper describes two strands of work that converged under the heading of 'endogenous growth.' One strand, which is primarily empirical, asks whether there is a general tendency for poor countries to catch up with rich countries. The other strand, which is primarily theoretical, asks what modifications are necessary to construct a theory of aggregate growth that takes the economics of discovery, innovation, and technological change seriously. …
Increasing Returns and Long-Run Growth
This paper presents a fully specified model of long-run growth in which knowledge is assumed to be an input in production that has increasing marginal productivity. It is essentially a competitive equilibrium model with endogenous technological change. In contrast to models based on diminishing returns, growth rates can be increasing over time, the effects of small disturbances can be amplified by the actions of private agents, and large countrie…
Human capital and growth
As suggested by its title, this paper offers both theory and evidence on the connection between human capital and growth, but only if both "theory" and "evidence" are interpreted broadly.The theory is really no more than a conceptual framework for thinking about growth, one that is intended to be useful in the analysis of data.It generates neither a set of equations to be solved for an equilibrium nor sharp quantitative predictions.Correspondingl…
Endogenous Technological Change
Growth in this model is driven by technological change that arises from intentional investment decisions made by profit-maximizing agents. The distinguishing feature of the technology as an input is that it is neither a conventional good nor a public good; it is a nonrival, partially excludable good. Because of the nonconvexity introduced by a nonrival good, price-taking competition cannot be supported. Instead, the equilibrium is one with monopo…
Economic Integration and Endogenous Growth
In a world with two similar, developed economies, economic integration can cause a permanent increase in the worldwide rate of growth. Starting from a position of isolation, closer integration can be achieved by increasing trade in goods or by increasing flows of ideas. We consider two models with different specifications of the research and development sector that is the source of growth. Either form of integration can increase the long-run rate…
The Origins of Endogenous Growth
This paper describes two strands of work that converged under the heading of 'endogenous growth.' One strand, which is primarily empirical, asks whether there is a general tendency for poor countries to catch up with rich countries. The other strand, which is primarily theoretical, asks what modifications are necessary to construct a theory of aggregate growth that takes the economics of discovery, innovation, and technological change seriously. …
The Growth of Nations
AVERAGE INCOMES in the world's richest countries are more than ten times as high as in the world's poorest countries. It is apparent to anyone who travels the world that these large differences in income lead to large differences in the quality of life. Less apparent are the reasons for these differences. What is it about the United States, Japan, and Germany that makes these countries so much richer than India, Indonesia, and Nigeria? How can th…
Patents, Citations, and Innovations
Innovation and technological change, long recognized as the main drivers of long-term economic growth, are elusive notions that are difficult to conceptualize and even harder to measure in a consistent, systematic way. This book demonstrates the usefulness of patents and citations data as a window on the process of technological change and as a powerful tool for research on the economics of innovation. Patent records contain a wealth of informati…
Economics (6 works) · Economic Growth and Productivity (5 works) · Endogenous growth theory (4 works) · Fiscal Policy and Economic Growth (4 works) · Economic growth (3 works) · Economic theories and models (3 works) · Human capital (3 works) · Computer Science (2 works) · Econometrics (2 works) · Economic Theory and Policy (2 works)