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Week 6 and 7: Economic Growth
Lecture Slides [ch8 pptx; ch9 pptx]
B. Dynamic Model
1. Economic Growth I Solow-Swan model
Required
Readings:
Mankiw: ch. 8 -
Economic Growth I: Capital Accumulation and Population
Growth
Recommended Reading:
https://twitter.com/dinapomeranz/status/933409395278573569?s=09
Barro, R. J. and X. Sala-i-Martin (1995). Economic growth,
Advanced Series in Economics. New York; London and Montreal:
McGraw-Hill. Pages 1-13
http://www.stls.frb.org/news/speeches/1999/10_26_99.html
2. Economic Growth II: Endogenous Growth Theory
Required
Readings:
Mankiw: ch. 9 -
Economic Growth II: Technology, Empirics, and Policy
Easterly, W. (2001). The Elusive Quest for Growth:
Economists' Adventures and Misadventures in the Tropics:
Cambridge and London: MIT Press. Pages 47-70.
Recommended Reading:
Mokyr, J. (1990). The Lever of Riches: Technological
Creativity and Economic Progress: Oxford; New York;
Toronto and Melbourne: Oxford University Press.
3. Empirical Evidence
Practice Problem Set #1: Using the Solow-Swan Model