糖心视频

糖心视频
糖心视频

Economics 454

Economic Growth
Jeffrey Parker, 糖心视频
Fall Semester, 2011

Reading List

Because this is an extremely small class, we may tailor the topical coverage to the interests of the students enrolled. The following readings cover the basics of economic growth. We may add material to some sections (or remove some) depending on student interest.

I. Economic Growth: Defining the Issues

  • Barro, Robert J., and Xavier Sala-i-Martin, Economic Growth, 2nd ed., Introduction.
  • Jones, Charles I, and Paul M. Romer, "," American Economic Journal: Macroeconomics 2(1), 224-245, January 2010.

II. Neoclassical Growth Theory

  • Barro and Sala-i-Martin, Chapters 1 through 3.

III. Endogenous Growth Models with Consumer Maximization

  • Barro and Sala-i-Martin, Chapters 4 and 5.

IV. Modeling Technological Progress

  • Barro and Sala-i-Martin, Chapters 6 through 8.

V. Selected Recent Models

A. "Unified Growth Theory"

  • Parente, Stephen L., and Edward C. Prescott, "A Unified Theory of the Evolution of International Income Levels," Chapter 21 in , ed. by P. Aghion and S. Durlauf, Amsterdam: North-Holland, 2005.
  • Galor, Oded, "From Stagnation to Growth: A Unified Growth Theory," Chapter 4 in , ed. by P. Aghion and S. Durlauf, Amsterdam: North-Holland, 2005.

B. General-Purpose Technologies

  • Jovanovic, Boyan, and Peter L. Rousseau, "General Purpose Technologies," Chapter 18 in , ed. by P. Aghion and S. Durlauf, Amsterdam: North-Holland, 2005.
  • Helpman, Elhanan, and Manuel Trajtenberg, "A Time to Sow and a Time to Reap: Growth Based on General Purpose Technologies," in E. Helpman, ed., General Purpose Technologies and Economic Growth, (Cambridge, Mass.: MIT Press, 1998), Chapter 3.

C. Models Focusing on Institutions and Policies

  • Acemoglu, Daron, Simon Johnson, and James A. Robinson, "Institutions as a Fundamental Cause of Long-Run Growth," Chapter 6 in , ed. by P. Aghion and S. Durlauf, Amsterdam: North-Holland, 2005.
  • Easterly, William, "National Policies and Economic Growth: A Reappraisal," Chapter 15 in , ed. by P. Aghion and S. Durlauf, Amsterdam: North-Holland, 2005.
  • Rodrik, Dani, "Growth Strategies," Chapter 14 in , ed. by P. Aghion and S. Durlauf, Amsterdam: North-Holland, 2005.

D. Non-Economic Objectives

  • Jones, Charles I., "," Cambridge, Mass: National Bureau of Economic Research Working Paper No. 17094, May 2011.
  • Depending on student interest and available time, possible selections from Chapters 22-27 of .

VI. Empirical Studies of Growth

  • Durlauf, Steven N., Paul A. Johnson, and Jonathan R. W. Temple, "," Chapter 8 in , ed. by P. Aghion and S. Durlauf, Amsterdam: North-Holland, 2005.

A. Growth Accounting

  • Barro and Sala-i-Martin, Chapter 10.  
  • Maddison, Angus, Dynamic Forces in Capitalist Development: A Long-Run Comparative View, Chapter 3. 
  • Jorgenson, Dale W., "," Chapter 10 in P. Aghion and S. Durlauf, eds. Handbook of Economic Growth, Vol 1A, Amsterdam: North-Holland, 2005.

B. Convergence or Divergence

  • Barro and Sala-i-Martin, Chapter 11. 
  • Pritchett, Lant, "," Journal of Economic Perspectives 11(3), Summer 1997, 3-17.
  • Bernard, Andrew B., and Steven N. Durlauf, "," Journal of Applied Econometrics 10(2), 1996, 97-108. 
  • Quah, Danny, "," Journal of Economic Growth 1(1), March 1996, 95-124.
  • Comin, Diego, William Easterly, and Erick Gong, "" American Economic Journal: Macroeconomics 2(3) 65-97, July 2010.

C. Cross Country Income/Growth Differences and Other Empirical Studies

  • Barro and Sala-i-Martin, Chapter 12.
  • Caselli, Francesco, "Accounting for Cross-Country Income Differences," Chapter 9 in , ed. by P. Aghion and S. Durlauf, Amsterdam: North-Holland, 2005.
  • Acemoglu, Daron, Simon Johnson, and James A. Robinson, "," Quarterly Journal of Economics 117(4), November 2002, 1231-94.
  • Kremer, Michael, "," Quarterly Journal of Economics 108(3), August 1993, 681-716.
  • Young, Alwyn, "," NBER Macroeconomics Annual 7, 1992, 13-63.
  • Klenow, Peter J., "," Journal of Monetary Economics 42(1), August 1998, 3-23. (No electronic access.)
  • Acemoglu, Daron, and Simon Johnson, "," Journal of Political Economy 115(6), 925-985, December 2007.
  • Michalopoulos, Stelios, and Elias Papaioannou, "," Cambridge, Mass.: National Bureau of Economic Research. NBER Working Papers, No. 17184, June 2011.
  • Bertocchi, Graziella, "," London: Centre for Economic Policy Research Discussion Paper No. 8486, July 2011.
  • Ashraf, Quamrul, and Oded Galor, "," Cambridge: Mass.: National Bureau of Economic Research Working Paper No. 17216, July 2011.