Nobel economics prize goes to trio for innovation-driven economic growth studies

French economist Philippe Aghion is one of the three winners (AP)

Joel Mokyr, Philippe Aghion and Peter Howitt have won the Nobel Memorial Prize in Economics for their work on explaining innovation-driven economic growth.

Mr Mokyr is from Northwestern University, Mr Aghion is from the College de France and the London School of Economics, and Mr Howitt is from Brown University.