From stagnation to sustained growth

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No 2025-1, Nobel Prize in Economics documents from Nobel Prize Committee

Abstract: Over the past 200 years, the world has witnessed more economic growth than ever before. Its foundation is the constant flow of technological innovation; sustained economic growth occurs when new technologies replace old ones as part of the process known as creative destruction. This year’s laureates in economic sciences explain, using different methods, why this development was pos­sible and what is necessary for continued growth.

Keywords: technological innovation; economic growth (search for similar items in EconPapers)
JEL-codes: O (search for similar items in EconPapers)
Pages: 1
Date: 2025-10-13
New Economics Papers: this item is included in nep-hpe
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