Paul Romer
Biographic Data
| ID | 5735414 |
|---|---|
| NAME | Paul Romer |
| GIVEN NAMES | Paul |
| FAMILY NAME | Romer |
| SIGNATURE | ROMER P |
| AFFILIATIONS | University of California, Berkeley |
| VERIFIED | No |
| TOTAL WORKS | 10 |
| TOTAL CITATIONS | 2,639 |
| WORKS AS AUTHOR | 10 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1986 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 4 |
Scars of Pandemics from Lost Schooling and Experience
Pandemic shocks disrupt human capital \n accumulation through schooling and work experience. This \n study quantifies the long-term economic impact of these \n disruptions in the case of COVID-19, focusing on countries \n at different levels of development and using returns to \n education and experience by college status that are globally \n estimated using 1,084 household surveys across 145 \n countries. The results show that both lost schoolin…
Trapped Factors and China’s Impact on Global Growth
After a recent increase in Chinese import competition, European firms increased innovation. We present and rationalise these patterns using ‘trapped factors’ at the micro level within a stylised equilibrium model of product-cycle trade and growth. Trade integration of the magnitude observed between the OECD and low-wage nations as a whole can considerably increase the long-run growth rate and welfare. In the short run exposed firms devote trapped…
Trapped Factors and China's Impact on Global Growth
After a recent increase in Chinese import competition, European firms increased innovation. We present and rationalise these patterns using ‘trapped factors’ at the micro level within a stylised equilibrium model of product-cycle trade and growth. Trade integration of the magnitude observed between the OECD and low-wage nations as a whole can considerably increase the long-run growth rate and welfare. In the short run exposed firms devote trapped…
New goods, old theory, and the welfare costs of trade restrictions
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. …
Idea gaps and object gaps in economic development
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. …
New goods, old theory, and the welfare costs of trade restrictions
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…
Idea gaps and object gaps in economic development
New goods, old theory, and the welfare costs of trade restrictions
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. …
Trapped Factors and China's Impact on Global Growth
After a recent increase in Chinese import competition, European firms increased innovation. We present and rationalise these patterns using ‘trapped factors’ at the micro level within a stylised equilibrium model of product-cycle trade and growth. Trade integration of the magnitude observed between the OECD and low-wage nations as a whole can considerably increase the long-run growth rate and welfare. In the short run exposed firms devote trapped…
Trapped Factors and China’s Impact on Global Growth
After a recent increase in Chinese import competition, European firms increased innovation. We present and rationalise these patterns using ‘trapped factors’ at the micro level within a stylised equilibrium model of product-cycle trade and growth. Trade integration of the magnitude observed between the OECD and low-wage nations as a whole can considerably increase the long-run growth rate and welfare. In the short run exposed firms devote trapped…
Scars of Pandemics from Lost Schooling and Experience
Pandemic shocks disrupt human capital \n accumulation through schooling and work experience. This \n study quantifies the long-term economic impact of these \n disruptions in the case of COVID-19, focusing on countries \n at different levels of development and using returns to \n education and experience by college status that are globally \n estimated using 1,084 household surveys across 145 \n countries. The results show that both lost schoolin…
Economics (9 works) · Economic Growth and Productivity (7 works) · Fiscal Policy and Economic Growth (6 works) · Market economy (5 works) · Endogenous growth theory (4 works) · Computer Science (3 works) · Economic theories and models (3 works) · Economic Theory and Policy (3 works) · Global trade and economics (3 works) · Human capital (3 works)