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Why was Robert Solow awarded the Noble Prize in Economics in 1987?

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Why was Robert Solow awarded Noble Prize Economics in1987?Name: Robert Solow.
Real Name: Robert Merton Solow.
Country: United States.
Date of Birth: August 23, 1924.
Education: Harvard University (AB, AM, PhD), Columbia University.
Subjects Of Study: Capital Economic growth technology Keynesian economics econometrics.
Popularly Known: Theories of economic growth.
Profession: Economist, and Emeritus Institute Professor of Economics at the Massachusetts Institute of Technology.
Noble Prize Year: Nobel Prize for Peace in 1987, for his contributions to the theory of economic growth.

Robert Solow received the Economic Sciences Prize in recognition of his major contributions to economic growth theories. He developed a mathematical model in the 1950s to show that various factors can result in sustained economic growth at the national level. Solow’s study helped persuade governments to invest funds in technology research and development starting in the 1960s to promote economic growth.

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