Paul Romer

Quick Facts

Full Name	Paul Romer
Occupation	Politician
Date Of Birth	Nov 6, 1955(1955-11-06)
Age	69
Birthplace	Denver
Country	United States
Birth City	Colorado
Horoscope	Scorpio

Paul Romer Biography

Paul Romer is one of the most popular and richest Politician who was born on November 6, 1955 in Denver, Colorado, United States.

Paul Michael Romer (born November 6, 1955) is an American economist who is a University Professor (on leave) at New York University. He was a co-recipient of the Nobel Memorial Prize in Economic Sciences (shared with William Nordhaus) in 2018. A pioneer of endogenous growth theory, he received the prize “for integrating technological innovations into long-run macroeconomic analysis”.

He graduated from Phillips Exeter Academy, and earned an SB in mathematics in 1977 and a PhD in economics in 1983, both from the University of Chicago, after graduate studies at Massachusetts Institute of Technology from 1977 to 1979 and at Queen’s University from 1979 to 1980.

Paul Romer Net Worth

Paul Romer is one of the richest Politician from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Paul Romer 's net worth $5 Million. (Last Update: December 11, 2023)

Romer’s research on economic growth followed extensive studies of long-run growth during the 1950s and 1960s. The Solow–Swan model, for example, established the primacy of technological progress in accounting for sustained increases in output per worker. His 1983 dissertation, supervised by José Scheinkman and Robert Lucas Jr., amounted to constructing mathematical representations of economies in which technological change is the result of the intentional actions of people, such as research and development. It led to two Journal of Political Economy articles published in 1986 and 1990, respectively, which started endogenous growth theory.

Height, Weight & Body Measurements

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Who is Paul Romer Dating?

According to our records, Paul Romer married to Caroline Weber. As of December 1, 2023, Paul Romer’s is not dating anyone.

Relationships Record : We have no records of past relationships for Paul Romer. You may help us to build the dating records for Paul Romer!

The government of Honduras considered creating charter cities, though without the oversight of a third-party government, which some argue is neo- colonialism. Romer served as chair of a “transparency committee” but resigned in September 2012 when the Honduran government agency responsible for the project signed agreements with international developers without involvement of the committee.

Facts & Trivia

Philip Ranked on the list of most popular Politician. Also ranked in the elit list of famous people born in United States. Paul Romer celebrates birthday on November 6 of every year.

He became World Bank Chief Economist in October 2016. He resigned on 24 January 2018, following a controversy in which he stated in an interview with The Wall Street Journal on January 12, that during the tenure of Chile’s socialist President Michelle Bachelet from 2014 onwards, Chile’s ranking for ease of doing business had been downgraded by the World Bank as a result of changes of methodology which he claimed may have been politically motivated, a claim denied by the former World Bank economist responsible for compiling Chile’s ranking, Chilean economist Augusto Lopez-Claros.

What is Paul Romer known for?

Paul Romer, in full Paul Michael Romer, (born November 7, 1955, Denver, Colorado, U.S.), American economist who, with William Nordhaus, was awarded the 2018 Nobel Prize for Economics for his contributions to the understanding of long-term economic growth and its relation to technological innovation.

What is the Romer model?

The Romer (1986) Model of Growth. Romer (1986) relaunched the growth literature with a paper that presented a model. of increasing returns in which there was a stable positive equilibrium growth rate that. resulted from endogenous accumulation of knowledge.

Who proposed the new growth theory in 1980s?

Romer developed “endogenous growth theory.” Before his work in the 1980s and early 1990s, the dominant economic model of economic growth was one that MIT economist Robert Solow developed in the 1950s.

What is the contribution of Romer?

Romer’s most important work is in the field of economic growth , and he has made important contributions in the development of endogenous growth theory. He was named one of America’s 25 most influential people by Time magazine in 1997, and he was awarded the Horst Claus Recktenwald Prize in Economics in 2002.

Who gave AK model?

Frankel (1962) developed the first AK model with substitutable factors and knowledge externalities, with the purpose of reconciling the positive long-run growth result of Harrod- Domar with the factor substitutability and market clearing features of the neoclassical model.