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