| 1 |
Part 1
Stylized facts of economic growth and development
Part 2
Introduction to the Solow growth model
|
Part 1
IMEG, chapter 1.
 Helpman, Elhanan. Mystery of Economic Growth. Cambridge, MA: Harvard University Press, 2004. ISBN: 9780674015722.
Quah, Danny. "Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs." Journal of Economic Growth 2 (1997): 27-60.
Jones, Charles. "On the Evolution of the World Income Distribution." Journal of Economic Perspectives 11 (1997): 19-36.
Acemoglu, Daron, Simon Johnson, and James Robinson. "Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution." Quarterly Journal of Economics 117 (November 2002): 1231-1294.
Part 2
IMEG, chapter 2.
Solow, Robert. Growth Theory: An Exposition. 2nd ed. New York, NY: Oxford University Press, 2000. ISBN: 9780195109030.
|
| 2 |
Introduction to the Solow growth model |
IMEG, chapter 2.
Solow, Robert. Growth Theory: An Exposition. New York, NY: Oxford University Press, 2000. ISBN: 9780195109030.
|
| 3 |
Part 1
The Solow model and the data; growth accounting, levels accounting, and the facts
Part 2
Fundamental causes of income differences
|
Part 1
IMEG, chapter 3.
Mankiw, N. Gregory, David Romer, and David N. Weil. "A Contribution to the Empirics of Economic Growth." Quarterly Journal of Economics 107, no. 2 (1992): 407-437.
Barro, Robert, and Xavier Sala-i-Martin. Economic Growth. 2nd ed. Cambridge, MA: MIT Press, 2003. ISBN: 9780262025539.
Young, Alwyn. "The Tyranny of Numbers." Quarterly Journal of Economics 110, no. 3 (1995): 641-680.
Hall, Robert, and Charles I. Jones. "Why Do Some Countries Produce So Much More Output per Worker than Others?" Quarterly Journal of Economics 114 (1999): 83-116.
Klenow, Peter J., and Andres Rodriguez-Clare. "The Neoclassical Revival in Growth Economics: Has It Gone Too Far?" In NBER Macroeconomics Annual 1997. Edited by Ben S. Bernanke and Julio J. Rotemberg. Cambridge, MA: MIT Press, 1997, pp. 73-103. ISBN: 9780262522427.
Trefler, Daniel. "International Factor Price Differences: Leontieff Was Right!" Journal of Political Economy 101, no. 6 (1993): 961-987.
Part 2
IMEG, chapter 4.
Diamond, Jared M. Guns, Germs, and Steel: The Fate of Human Societies. New York, NY: W.W. Norton and Co., 2005. ISBN: 9780393061314.
Acemoglu, Daron, Simon Johnson, and James A. Robinson. "The Colonial Origins of Comparative Development: An Empirical Investigation." American Economic Review 91 (2001): 1369-1401.
|
| 4 |
Foundations of Neoclassical growth; representative customers, optimal and competitive allocations, welfare theorems |
IMEG, chapter 5.
Mas-Colell, Andreu, Michael D. Whinston, and Jerry R. Green. Microeconomic Theory. New York, NY: Oxford University Press, 1995, chapters 4 and 16. ISBN: 9780195073409.
Bewley, Truman F. General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory. Cambridge, MA: Harvard University Press, 2007. ISBN: 9780674022881.
|
| 5 |
Neoclassical growth |
IMEG, chapter 8.
Chari, V. V., Patrick Kehoe, and Ellen McGrattan. "The Poverty of Nations: A Quantitative investigation." Staff Report 204, Federal Reserve Bank of Minneapolis, Minneapolis, MN, October 1997.
|
| 6 |
Overlapping generations and dynamic efficiency |
IMEG, chapter 9.
Shell, Karl. "Notes on the Economics of Infinity." Journal of Political Economy 79 (1971): 1002-1011.
Diamond, Peter. "National Debt in a Neoclassical Growth Model." American Economic Review 55 (1965): 1126-1150.
Jones, Larry. "Special Problems Arising in the Study of Economics with Infinitely Many Commodities." In Models of Economic Dynamics. Edited by Hugo Sonnenschein. Berlin, Germany: Springer-Verlag, 1986, pp. 184-205. ISBN: 9783540160984.
|
| 7 |
Neoclassical endogenous growth: capital accumulation and externalities |
IMEG, chapters 11 and 12.
Rebelo, Sergio. "Long-Run Policy Analysis and Long-Run Growth." Journal of Political Economy 99 (1991): 500-521.
Jones, Larry, and Rodolfo Manuelli. "A Convex Model of Equilibrium Growth: Theory and Policy Indications." Journal of Political Economy 98 (1990): 1008-1038.
Romer, Paul. "Increasing Returns and Long-Run Growth." Journal of Political Economy 94 (1986): 1002-1037.
———. "Idea Gaps and Object Gaps in Economic Development." Journal of Monetary Economics 32 (1993): 543-573.
|
| 8 |
Human capital and growth |
IMEG, chapter 10.
Ben Porath, Yoram. "The Production of Human Capital Over the Life Cycle." Journal of Political Economy 75, nos. 4-1 (1967): 352-365.
Nelson, Richard, and Edmund Phelps. "Investment in Humans, Technological Diffusion and Economic Growth." American Economic Association Papers and Proceedings 56 (1966): 69-75.
Acemoglu, Daron. "A Microfoundation for Social Increasing Returns in Human Capital Accumulation." Quarterly Journal of Economics 111, no. 3 (1996): 779-804.
Lucas, Robert. "On the Mechanics of Economic Development." Journal of Monetary Economics 22 (1988): 3-42.
Acemoglu, Daron, and Joshua Angrist. "How Large are Human Capital Externalities? Evidence from Compulsory Schooling Laws." In NBER Macroeconomics Annual 2000. Edited by Ben S. Bernanke and Kenneth S. Rogoff. Cambridge, MA: MIT Press, 2001, pp. 9-59. ISBN: 9780262523141.
|
| 9 |
Endogenous growth with expanding input varieties |
IMEG, chapter 13.
Romer, Paul. "Growth Based on Increasing Returns due to Specialization." American Economic Review Papers and Proceedings 77 (1987): 56-62.
———. "Endogenous Technological Change." Journal of Political Economy 98 (1990): S71-S102.
Jones, Charles I. "R&D-based Models of Economic Growth." Journal of Political Economy 103 (1995): 759-784.
|
| 10 |
Interdependences: technology diffusion, trade and the world income distribution in an open economy |
IMEG, chapters 18 and 19.
Krugman, Paul. "A Model of Innovation, Technology Transfer, and the World Distribution of Income." Journal of Political Economy 87 (1979): 253-266.
Acemoglu, Daron, and Jaume Ventura. "The World Income Distribution." Quarterly Journal of Economics 117 (2002): 659-694.
Ventura, Jaume. "Growth and Interdependence." Quarterly Journal of Economics 112 (1997): 57-84.
Grossman, Gene, and Elhanan Helpman. Innovation and Growth in the Global Economy. Cambridge, MA: MIT Press, 1993. ISBN: 9780262570978.
|
| 11 |
Schumpeterian models |
IMEG, chapter 14.
Aghion, Philippe, and Peter Howitt. "A Model of Growth Through Creative Destruction." Econometrica 60 (1992): 323-351.
Grossman, Gene, and Elhanan Helpman. "Quality Ladders in the Theory of Growth." Review of Economic Studies 58 (1991): 43-61.
|
| 12 |
Directed technical change: endogenous skill-bias and endogenous labor-augmenting technological change |
IMEG, chapter 15.
Acemoglu, Daron. "Directed Technical Change." Review of Economic Studies 69 (2002): 781-810.
———. "Labor- and Capital-Augmenting Technical Change." Journal of the European Economic Association 1 (2003): 1-37.
———. "Equilibrium Bias of Technology." Econometrica 75, no. 5 (2007): 1371-1410.
|
| 13 |
Optimal and competitive growth under uncertainty |
IMEG, chapter 17.
Brock, William A., and Leonard Mirman. "Optimal Economic Growth under Uncertainty: Discounted Case." Journal of Economic Theory 4, no. 3 (1972): 479-513.
Ljunqvist, Lars, and Thomas J. Sargent. "Equilibrium with Complete Markets," and "Recursive Competitive Equilibria." Chapters 8 and 12 in Recursive Macroeconomic Theory. 2nd ed. Cambridge, MA: MIT Press, 2004, pp. 208-263 and 366-391. ISBN: 9780262122740.
Aiyagari, S. Rao. "Uninsured Idiosyncratic Risk and Aggregate Saving." Quarterly Journal of Economics 109 (1994): 659-684.
Bewley, Truman F. "The Permanent Income Hypothesis: A Theoretical Formulation." Journal of Economic Theory 16 (1977): 252-292.
———. "The Optimum Quantity of Money." In Models of Monetary Economics. Edited by J. H. Kareken and N. Wallace. Minneapolis, MN: Federal Reserve Bank of Minneapolis, 1980, pp. 169-210. ISBN: 9780960393602.
Ljunqvist, Lars, and Thomas J. Sargent. "Self-insurance," and "Incomplete Markets Models." Chapters 16 and 17 in Recursive Macroeconomic Theory. 2nd ed. Cambridge, MA: MIT Press, 2004, pp. 545-614. ISBN: 9780262122740.
Acemoglu, Daron, and Fabrizio Zilibotti. "Was Prometheus Unbound by Chance? Risk, Diversification, and Growth." Journal of Political Economy 105 (1997): 709-751.
|