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 Prize in Economics (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”.Romer was Chief Economist and Senior Vice President of the World Bank until he resigned in January 2018 following a controversy arising from his claim of possible political manipulation of Chile’s “ease of doing business” ranking. Romer took leave from his position as professor of economics at the Stern School of Business of NYU when he joined the World Bank.
Prior to New York University, Romer was a professor of economics at the University of Chicago, the University of California, Berkeley, the Stanford University’s Graduate School of Business, and the University of Rochester. In addition, he was a senior fellow at Stanford’s Center for International Development, the Stanford Institute for Economic Policy Research, the Hoover Institution, as well as a fellow at the Center for Global Development.