ISSUES IN COMPARATIVE ECONOMICS

Economics 365

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 2 : Th May 10





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


    Office Hours
        Tuesday 2.30 - 3.30 pm
        Thursday 11 am -12 noon
         7424 Social Science


Here is the course  Syllabus

Exams                                    Date                                                      Room

       


Homework:    




RESOURCES:

      Microeconomic Theory Resources/Tutor Information



HANDOUTS/ NOTES/

Handout Gap between Rich and Poor
Handout Growth Facts
Handout on Returns to Scale and Change of Variable
Lecture Notes 1
Lecture Notes 2
Lecture Notes 3

Handout on Solow Model equations
Handout on Growth Accounting
East Asian Renaissance Presentation
Argentina Crisis Presentation (Spring 2007)
Handout on Inequality in Transition Economies


ADDITIONAL READINGS

East Asia

Some Lessons from the East Asian Miracle by Joseph Stiglitz, The World Bank Observer, 1991

Microeconomic Theory Notes for "Two Strategies for Economic Development" by Paul Romer.
Monopsony Notes for "Two Strategies for Economic Development" by Paul Romer.

"Sound Finance and Sustainable development in Asia" Keynote Address to the Asia Development Forum by J. Stiglitz, Chief            Economist, The World Bank, March 1998.
The Myth of Asia's Miracle  by Paul Krugman, Foreign Affairs  (Just read the paragraph related to E. Asia Growth, it is called Paper         Tigers)
Asia: What went wrong ? by Paul Krugman, Fortune

 Latin America

 Structural Change and Productivity Growth, 20 Years Later. Old problems, new opportunities
 ECLAC, United Nations (coordinated by José Luis Machinea, in collaboration with Juan Martín and Mario Cimoli)  , May 2008.
Demographic Change and its Influence on Development Latin America and the Caribbean
ECLAC, United Nations, June 2008.

Three Phases of Argentine Economic Growth , by Alan Taylor, NBER Historial Paper # 60 , 1994  (pdf version of entire paper)

Latin America and Foreign Capital in the Twentieth Century: Economics, Politics, and Institutional Change , Alan M. Taylor , NBER Working Paper No.w7394 ,October 1999.
Argentina and the World Capital Market: Saving, Investment, and International Capital Mobility in the Twentieth Century,  Alan M. Taylor , NBER Working Paper No.w6302 December 1997
Political economy and economic development in Latin America in the second half of the 20th century
by E. Grilli, Journal of Policy Modelling (27), 2005.
The Equity Gap: a second assessment (summary) ECLA, 2000
Argentinian 2001 Crisis (class presentation)
Latin America 2004, current economic conditions (class presentation)

Handout on capital inflows
Handout on  Output growth
Handout on Income Distribution

 Miscelaneous Notes on Trade Theory

Former Soviet Union/ Eastern Europe

 The Soviet Economic Decline: Historical and Republican Data, by W. Easterly and S. Fischer, NBER Working Paper 4735, 1994
 (pdf version of entire paper)
 Transition economies: Performance and Challenges  by Jan Svejnar, Journal of Economic Perspectives, Winter 2002.

Policy Reform and Growth in Post-Soviet Russia  by Daniel Berkovitz and David DeJong, European Economic Review, April  2003.
Lanjouw, J. O., Peter Lanjouw, Branko Milanovic and Stefano Paternostro (2004). "Relative Price Shifts, Economies of Scale and Poverty During Economic Transition". The Economics of Transition. Vol. 12, no. 3, pp. 509-36.

European Union Enlargement: Implications for New Member Countries, The US, and World Trade
by Nancy Cochrane and Ralph Seeley, USDA, ERS Outlook Report No. (WRS040501) 20 pp, April 2004.

"Growth, Initial Conditions, Law and Speed of Privatization in Transition Countries: 11 Years Later", with Sergio Godoy, NBER Working Paper 11992, January 2006, also presented at the 2004 AEA meetings in San Diego and at the London Business School conference, "Comparative Transitions: A Critical Review"




 Old Exams:

   
   


PAPER:

    DATA:  World Development Indicators Database (WDI) (campus access only)
           Handout on WDI
           Country at a Glance Tables (go down and select a country),
            Technical Explanations about Country at a Glance tables
           Selection of Series (HTM document)
           Instructions for diagrams in excell (posted 4-28-04)
            Data example: Indonesia

  
   Sources of bibliographical references for Latin America (on Reserve at College Library)

Other Data/Information  Sources:

World Bank : Country at a Glance (same data available at the WDI99 Database) but on line:  http://www.worldbank.org/data/countrydata/countrydata.html

IMF country  information : http://www.imf.org/external/country/index.htm#T

Penn World Tables (basic economic series from 1951-1990 for a large group of countries): http://datacentre.chass.utoronto.ca/pwt/index.html
 


Important Links:

Countrywatch (very nice current report, go to login help and click login via my IP address).  Works only from campus .n

IMF: International Monetary Fund
The World Bank: Policy Research Department
EIU Country Reports (Economist Intelligence Unit) (1993-)
        Another link for Country Briefings/ The Economist

Institute for International Economics

Another link for country reports/ The Economist
Global Economy Journal

IMF Country reports

 EconLit

Social Science Research Network
 

World Bank Annual Report

 



Other

Excel Simulations of Solow Model (written by Prof. Scott Taylor, will not be used in Spring 2007)
        Handout on 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)
 



 

Development Theory:

 Ranis, Gustav, "The Evolution of Development Thinking: Theory and Policy" (May 2004). Yale University Economic Growth Center Discussion Paper No. 886. http://ssrn.com/abstract=551645
 
 

Eastern Europe /Transition Economies:

International Finance Corporation: Eastern Europe

World Bank: Europe and Central Asia

William Davidson Institute at Univ. of Michigan (
WDI is a non-profit, independent, research and educational institute dedicated to developing and disseminating expertise on issues affecting firms in transition economies Working Paper List

The Annual Bank Conference on Development Economics: Washington, April 1999 (Good Papers on the Transition in Eastern Europe and the Former Soviet Republics)

          Papers on PDF Format

Stabilization, Adjustment and Growth prospects in Transition Economie , by C Denizer, the World Bank 1997

East Asia:
            East Asian Renaissance: Ideas for Economic Growth (World Bank, Jan 2007)
           Association of South East Asian Nations (ASEAN)
           World Bank East Asia and Pacific Region
           Volatility and Contagion in a Financially-Integrated World: Lessons from East Asia's Recent Experience (1998)
           The Asian Crisis: Capital Markets Dynamics and Spillovers (1998/99)

Latin America:

 The Standard of Living in Latin America during the 20th Century   byPablo Astorga, Ame Berges, Valpy FitzGerald , 2005      Oxford Latin America Economic History Database           
            World Bank: Latin America and the Caribbean
           ECLA (Economic Comission for Latin America)
           Interamerican Development Bank (IDB)
           Ricardo Caballero's page at MIT

Trade reform and Wage Inequality in Colombia Orazio Attanasio, Pinelopi K. Goldberg, b and Nina Pavcnik, JDE, August 2004.
 Sebastian Edwards, Dollarization:  Myths and realities, Journal of Policy Modeling, Volume 23, Issue 3, April 2001, Pages 249-265.
            (http://www.sciencedirect.com/science/article/B6V82-439MFST-3/2/ba7e113b299a95eb11c54f12c93d37ea)
Inflation Stabilization Notes by Carmen Reinhart
 



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