The Nobel Prize in Economic Sciences 2025 was awarded for explaining:
- Ainnovation-driven economic growth
- Bthe role of institutions in national prosperity
- Cthe economics of banking crises
- Dwomen's participation in the labour market
Show answer and explanation
Correct answer: (a) innovation-driven economic growth
Explanation
Joel Mokyr, Philippe Aghion and Peter Howitt won for explaining innovation-driven growth.