Economics of Growth

Economics 475

Spring 2012

 Department of Economics
 University of Wisconsin-Madison


 Discussion Sections:

DIS 301       F 11:00-11:50AM 6322 Sewell Social Sciences
DIS 302       F 12:05-12:55PM 6224 Sewell Social Sciences
DIS 303      F 1:20-2:10PM 4322 Sewell Social Sciences



 

Professor Maria Muniagurria
6418 Social Science
Phone:263-3865
Email: munia@ssc.wisc.edu

Office Hours:       Tue   2.45-3.45 pm

                              Wed  1.30-2.30 pm

Every day after class.

TA: Heewoo (Hugh) Kang
hkang26@wisc.edu           
Office Hours: TBA

Syllabus


Lecture Outlines/Notes/Figures  Spring 2012 (the items below do not include all topics covered in lecture)

Week 1  D. Acemoglu Lecture Ch.1 (selected pages) of his book "Introduction to Economic Growth, " 2008, Pricneton Univ. Press.
Week 2



Equations Ch.5 Model
Equations Ch.6 Model
Equations Ch. 9 Model


                                                                        Date                           Room

                              



PROBLEM SETS

Problem Set 1 (due Tu Feb 14 in lecture) Notice change in due date
Problem Set 2 (due Th February 16 in lecture)



Old Exams:

 


Lecture Notes/ Other Notes  from Previous Semesters

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 Mankiw's Macroeconomics 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

 


Lab Session


Weil's Economic Growth Data/Plotter

Penn World Tables
World Development Indicators
Diego Comin's Web Page (tech. adoption data)
CEPAL Data (Latin America)


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)
 


SS11 Additional Readings:

Mauritius : African Sucess Story , NBER Digest, May 2011
Technology Diffusion and Postwar Growth, NBER Digest February 2011

Green Solow Paper (Taylor and Brock)

Solow Lecture on Sustainability

Galor: Income Inequality, Human Capital and Development



Reference Readings:

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 Comparative 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://papers.ssrn.com/sol3/papers.cfm?abstract_id=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

The Growth Report: Strategies for Sustained Growth and Inclusive Development  (Commission on Growth and Development, 2008)


Links: 

 Lecture Notes Graduate Course on Economic Growth by Acemoglu, Daron. 14.452 Economic Growth, Fall 2009. (Massachusetts Institute of Technology: MIT OpenCourseWare), http://ocw.mit.edu . License: Creative Commons BY-NC-SA

The World Bank: Economic Growth Research Page

Michele Boldrin Notes on Growth and Development