Economics Nobel recognises work on climate change and innovation

时间:2018-10-11 单词数:2590

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US economists William Nordhaus and Paul Romer have jointly won this year’s Nobel Prize in Economic Sciences for their work on climate change and innovation.

美国经济学家威廉·诺德豪斯(William Nordhaus)和保罗·罗默(Paul Romer)因他们在气候变化和创新方面的研究成果共同赢得今年的诺贝尔经济学奖(Nobel Prize in Economic Sciences)。

The Nobel committee said the pair had “brought us considerably closer to answering the question of how we can achieve sustained and sustainable economic growth”, by developing models that explain how the market economy interacts with nature and knowledge.


Mr Nordhaus, a professor at Yale, won recognition for his pioneering work integrating climate change into long-run macroeconomic analysis. He began working on the concept of “green accounting” in the 1970s and was the first to create a quantitative model describing the global interplay between the economy and climate.


Paul Romer, a professor at New York University’s Stern School of Business — and former chief economist at the World Bank — has been recognised for work that laid the foundations of endogenous growth theory.

保罗·罗默是纽约大学(New York University)斯特恩商学院(Stern School of Business)教授,曾担任世界银行(World Bank)首席经济学家。为内生增长理论奠定基础的研究成果使他获得诺奖。

One of his first big contributions was to show that “ideas” were the missing ingredient of economic growth, contributing as much as the traditional inputs of labour, skills and physical capital — and that this could help explain the big variation in growth and living standards between otherwise similar countries.


He went on to show that rules, or policy interventions — around patent law, competition law or subsidies for research and development — are vital to encourage actors in a market economy to produce the ideas needed to drive long-run growth.