Economics of Growth

Economics 475

Spring 2007

 Department of Economics
 University of Wisconsin-Madison


No Class on Tuesday May 8th
Office Hour: Wed May 9: 5.30-6.30 pm
Exam 3 : Th May 10


Professor Maria Muniagurria
7424 Social Science
Phone:263-3865
Email: munia@ssc.wisc.edu

Office Hours:        Tuesdays:     2.30-3.30 pm
                               Thursday:     11am- 12 noon

Syllabus


                                                                                  Date                                                                            Room
    Exam 1    Answer Key  Topics/Readings      Thursday February 22                                         Last names A-O : 6102 Soc. Science
                                                                                                                                                                  Last names  P- Z : 4308 Soc. Science
                                          
    Exam  2      Answer Key       Topics/readings      Thursday March 29                                               Last names A-O : 6102 Soc. Science
                                                                                                                                                                   Last names  P- Z : 4308 Soc. Science

    Exam 3                         Topics/readings              Thursday May 10 (last day of classes)             Last names A-O : 6102 Soc. Science
                                                                                                                                                                  Last names  P- Z : 4308 Soc. Science


PROBLEM SETS:

Problem Set 1Questions from book   (due Tu February 13 in class)  Answer Key
Problem for Solow with Human Capital  (for practice only))
Problems for Jones Ch. 5 (due date Tu March 20 )  Answer Key
Comments on Exercises from Jones  Ch. 6-8  (Fall 2001)


Old Exams

Exam 1 (Spring 2006)
Exam 2  (Spring 2006)
Final Exam (Spring 2006)


Lecture Notes/ Other Notes

Notes on Returns to Scale and Change of Variable      
Lecture Notes 1    
Lecture Notes 2    
Solow without Technological  Change (analysis and comparative statics)
Golden Rule Savings rate (pages from Intermediate Macro book)

Lecture Notes 3
Solow with Tech. Change (comparative statics)
Handout on Excel Simulations

Lecture Notes on Jones Ch. 5
Lecture Notes on Jones Ch. 6 
Lecture Notes on Jones Ch. 9 : Land Model
                                                 Non-renewable Resource Model
Lecture Notes on Eaton Kortum Part 1 (Static Model)
Lecture Notes on Eaton Kortum Part 2 (Growth Model)

HANDOUTS/ NOTES/ SIMULATIONS 

Handout from A. Young "The Tyranny of Numbers:Confronting the Statistical realities of the East Asian Growth           Experience."
 Handout from A. Young "A Tale of Two Cities: Factor and Technical Change in Hong Kong and Singapore."
 Handout from Jones Ch.3 "Empirical Applications of Neoclassical Growth Models."
 Handout Multiple Regression Model
 Handout on "Colonial Origins of Comparative development....." from Acemoglu, Johnson and Robinson.
Selected Pages from Krueger, Alan B. and Lindahl, Mikael, "Education for Growth: Why and For Whom?"
Handout on Eaton-Kortum
Handout on Growth and Inequality



Excel Simulations of Solow Model (written by Prof. Scott Taylor)

Handout on Excell simulations

(1)Simulations Solow Model with population growth and without technological change (countries differ in population growth parameter)
(2)Simulations Solow Model with population growth and without technological change (countries differ in savings rate)
(3)Simulations Solow Model with population growth and technological change (countries differ in initial technology parameter A)
 (4)Simulations Solow Model with population growth and technological change (countries differ in savings rates)
 



Readings: (* indicates just for reference)

Albouy, David, The Colonial Origins of Comparative Development: An Investigation of the Settler Mortality Data, 2006 .

Acemoglu, D.  Johnson, Robinson,  "The Colonial Origins of Comparative development: an Empirical Investigation" ,  AAE Dec 2001. JSTOR link

*Brock, William A. and Taylor, M. Scott Scott, "The Green Solow Model" (May 31, 2004). Social Science Research Institute Working Paper No. 2004-16. Available at SSRN: http://ssrn.com/abstract=555262

*Cardenas, M., “Economic Growth in Colombia: A Reversal of ‘Fortune’?, Center for International Development at Harvard University  Working Paper  No. 83, December 2001.

*Dahlin, B., “The Impact of Education on Economic Growth: Theory, Findings and Policy Implications, Working Paper, Duke University, 2002.

Eaton, J. and S. Kortum, "Trade in Capital Goods" European Economic review (45) 2001 (this is a version of the paper from Kortum's web page, skip pages 13-23)

*Easterly and Levine,  "Tropics, Germs and Crops: How Endownments Influence Economic Development" , by, NBER Working Paper 9106. Journal of Monetary Economics,50,             January 2003.  Science Direct Link  (smaller print)

*Greenwald and Stiglitz: Helping Infant Economies Grow: Foundations of Trade Policies for Developing Countries,
AER, May 2006

Sukiassyan, Grigory, "Inequality and Growth: What does the Transition Economy Data Say?", Journal of Compartive Economics, 2007 (selected pages)

*Jones, C. "R&D- Based Models of Economic Growth" , by  JPE August 1995.

*Kremer, Michael  Schools, Teachers, and Education Outcomes in Developing Countries," (with Paul Glewwe), forthcoming in Handbook on the Economics of Education

Krueger, Alan B. and Lindahl, Mikael, "Education for Growth: Why and For Whom?" (January 2000). Princeton University, Industrial Relations Section Working Paper No. 429. Available at SSRN: http://ssrn.com/abstract=223589

Prescott and ParenteBarriers to Riches (selected pages )

Subramanian, Arvind and Roy, Devesh, "Who Can Explain The Mauritian Miracle: Meade, Romer, Sachs or Rodrik?" (August 2001). IMF Working Paper No. 01/116

*Taylor, A., "Three Phases of Argentine Economic Growth" , by Alan Taylor, NBER Historial Paper # 60 , 1994

Young, A., "A Tale of Two Cities: Factor and Technical Change in Hong Kong and Singapore," by Alwyn Young, 1992 NBER Macroeconomics Annual.

Young, A.,  "The Tyranny of Numbers: Confronting the Statistical Realities of the East  Asian Growth Experience" QJE, 1995.



Additional items/Interesting Papers 

Comments from Krugman and Stiglitz on East Asian Growth.
"Roots of Development," The Economist, October 2002.
Instrumental Variables
"International Trade and Domestic Institutions: the medieval response to globalization"  Dan Trefler's presentation
Asian Growth and African Development," Michael Kremer and  Marcos Chamon, forthcoming in AER Papers and Proceedings




Links:  

Steve Parente's Web Page

The World Bank: Economic Growth Research Page

Michele Boldrin Notes on Growth and Development