US economist William Nordhaus and Paul Romer win the 2018 Nobel Prize in Economics on Monday for integrating innovation and climate with economic growth.

Nordhaus, a professor at Yale University, and Romer, a former World Bank chief economist now at New York University’s Stern School of Business, have addressed “some of our time’s most basic and pressing questions about how we create long-term sustained and sustainable growth,” the Royal Swedish Academy of Sciences said in a statement.

Paul M Romer (left) and William D Nordhaus

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