Textbook
The main textbook for the course is:
[IMEG] = Acemoglu, Daron. Introduction to Modern Economic Growth. Princeton University Press, 2009. ISBN: 9780691132921.
| LEC # | TOPICS | READINGS |
|---|---|---|
| 1 | Stylized Facts and Proximate and Fundamental Causes of Economic Development |
[IMEG] Chapter 1. Helpman, Elhanan. The Mystery of Economic Growth. Belknap Press, 2004. ISBN: 9780674015722. [Preview with Google Books] Quah, Danny T. “Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs.” Journal of Economic Growth 2, no. 1 (1997): 27–59. Jones, Charles I. “On the Evolution of the World Income Distribution.” Journal of Economic Perspectives 11, no. 3 (1997): 19–36. Acemoglu, Daron, Suresh Naidu, et al. “Democracy Does Cause Growth.” National Bureau of Economic Research Working Paper No. 20004, March 2014. Acemoglu, Daron, Simon Johnson, and James Robinson. “Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution.” The Quarterly Journal of Economics 117, no. 4 (2002): 1231–94. (NBER Working Paper No. 8460) |
| 2–3 | Introduction to the Solow Growth Model |
[IMEG] Chapter 2. Solow, Robert M. Growth Theory: An Exposition. Oxford University Press, 2000. ISBN: 9780195109030. |
| 4 | The Solow Model and the Data: Growth Accounting, Levels Accounting, and the Facts. |
[IMEG] Chapters 3 and 4. Mankiw, N. Gregory, David Romer, and David N. Weil. “A Contribution to the Empirics of Economic Growth.” The Quarterly Journal of Economics 107, no. 2 (1992): 407–437. (NBER Working Paper No. 3541)
Young, Alwyn. “The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience.” The Quarterly Journal of Economics 110, no. 3 (1995): 641–80. Hall, Robert, and Charles I. Jones. “Why Do Some Countries Produce So Much More Output per Worker than Others?” The Quarterly Journal of Economics 114, no. 1 (1999): 83–116. Klenow, Peter J., and Andrés Rodriguez-Clare. “The Neoclassical Revival in Growth Economics: Has It Gone Too Far?” (PDF) In NBER Macroeconomics Annual 1997. Edited by Ben S. Bernanke and Julio J. Rotemberg. MIT Press, 1997, pp. 73–103. ISBN: 9780262522427. Trefler, Daniel. “International Factor Price Differences: Leontief Was Right!” Journal of Political Economy 101, no. 6 (1993): 961–87. Diamond, Jared M. Guns, Germs and Steel: The Fates of Human Societies. W. W. Norton & Company, 1999. ISBN: 9780393317558. Acemoglu, Daron, Simon Johnson, and James A. Robinson. “The Colonial Origins of Comparative Development: An Empirical Investigation.” American Economic Review 91, no. 5 (2001): 1369–401. |
| 5–6 | Neoclassical Growth |
[IMEG] Chapters 5 and 6. Mas-Colell, Andreu, Michael D. Whinston, and Jerry R. Green. Chapters 4 and 16 in Microeconomic Theory. Oxford University Press, 1995. ISBN: 9780195073409. |
| 7 | Overlapping Generations and Dynamic Efficiency |
[IMEG] Chapters 5 and 9. Bewley, Truman F. General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory. Harvard University Press, 2007. ISBN: 9780674022881. Shell, Karl. “Notes on the Economics of Infinity.” Journal of Political Economy 79, no. 5 (1971): 1002–11. Diamond, Peter A. “National Debt in a Neoclassical Growth Model.” (PDF - 1.8MB) The American Economic Review 55, no. 5 (1965): 1126–50. Jones, Larry. “Special Problems Arising in the Study of Economics with Infinitely Many Commodities.” In Models of Economic Dynamics: Proceedings of a Workshop held at the IMA, University of Minnesota, Minneapolis, USA, October 24–28, 1983 (Lecture Notes in Economics and Mathematical Systems). Edited by Hugo F. Sonnenschein. Springer, 1986, pp. 184–205. ISBN: 9783540160984. |
| 8 | Neoclassical Endogenous Growth: Capital Accumulation, Externalities, and Human Capital. |
[IMEG] Chapters 10–12. Rebelo, Sergio. “Long-Run Policy Analysis and Long-Run Growth.” Journal of Political Economy 99, no. 3 (1991): 500–521. (NBER Working Paper No. 3325) Jones, Larry E., and Rodolfo E. Manuelli. “A Convex Model of Equilibrium Growth: Theory and Policy Implications.” Journal of Political Economy 98, no. 5 (1990): 1008–38. Romer, Paul M. “Increasing Returns and Long-Run Growth.” Journal of Political Economy 94, no. 5 (1986): 1002–37. Ben-Porath, Yoram. “The Production of Human Capital and the Life Cycle of Earnings.” Journal of Political Economy 75, no. 4 (1967): 352–65. Nelson, Richard R., and Edmund S. Phelps. “Investment in Humans, Technological Diffusion and Economic Growth.” The American Economic Review 56, no. 1 / 2 (1966): 69–75. Acemoglu, Daron. “A Microfoundation for Social Increasing Returns in Human Capital Accumulation.” The Quarterly Journal of Economics 111, no. 3 (1996): 779–804. Jr. Lucas, Robert E. “On the Mechanics of Economic Development.” Journal of Monetary Economics 22, no. 1 (1988): 3–42.
|
| 9–10 | Endogenous Growth with Expanding Input Varieties |
[IMEG] Chapter 13. Romer, Paul M. “Endogenous Technological Change.” Journal of Political Economy 98, no. 5 (1990): S71–S102. (NBER Working Paper No. 3210) Jones, Charles I. “R & D-Based Models of Economic Growth.” Journal of Political Economy 103, no. 4 (1995): 759–84. Bloom, Nicholas, Mark Schankerman, and John Van Reenen, J. “Identifying Technology Spillovers and Product Market Rivalry.” Econometrica 81, no. 4 (2013): 1347–94. Jaffe, Adam B., Manuel Trajtenberg, and Rebecca Henderson. “Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations.” The Quarterly Journal of Economics 108, no. 3 (1993): 577–98. Kerr, William R. “Ethnic Scientific Communities and International Technology Diffusion.” The Review of Economics and Statistics 90, no. 3 (2008): 518–37. Griliches, Zvi. “Hybrid Corn: An Exploration in the Economics of Technological Change.” Econometrica 25, no. 4 (1957): 501–22. ———. “The Search for R&D Spillovers.” The Scandinavian Journal of Economics 94 (1992): 29–47. (NBER Working Paper No. 3768) Irwin, Douglas A., and Peter J. Klenow. “Learning by Doing Spillovers in the Semiconductor Industry.” Journal of Political Economy 102, no. 6 (1994): 1200–1227. |
