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Sustained economic growth through technological progress

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  • Nobel Prize Committee

    (Nobel Prize Committee)

Abstract

On a daily basis, we are reminded of how fast technology progresses and how it changes the world around us. New discoveries and new innovations affect our lives directly and they also fundamentally affect the economy. Technological change is of course not a new phenomenon. Progress and innovations have occurred since ancient times. What is relatively recent, however, viewed against the entire history of hu- mankind, is the type of innovation-driven economic growth enjoyed by the advanced countries of the world during the last two centuries, and how such high growth rates are sustained.

Suggested Citation

  • Nobel Prize Committee, 2025. "Sustained economic growth through technological progress," Nobel Prize in Economics documents 2025-2, Nobel Prize Committee.
  • Handle: RePEc:ris:nobelp:021675
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    File URL: https://www.nobelprize.org/uploads/2025/10/advanced-economicsciencesprize2025.pdf
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    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth

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