Readings | Economic Growth | Economics

Textbook

The main textbook for the course is:

[IMEG] = Acemoglu, Daron. Introduction to Modern Economic Growth. Princeton University Press, 2009. ISBN: 9780691132921.

Course readings.
LEC #	TOPICS	READINGS
1	Stylized Facts and Proximate and Fundamental Causes of Economic Development	[IMEG] Chapter 1. Helpman, Elhanan. The Mystery of Economic Growth. Belknap Press, 2004. ISBN: 9780674015722. [Preview with Google Books] Quah, Danny T. "Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs." Journal of Economic Growth 2, no. 1 (1997): 27–59. Jones, Charles I. "On the Evolution of the World Income Distribution." Journal of Economic Perspectives 11, no. 3 (1997): 19–36. Acemoglu, Daron, Suresh Naidu, et al. "Democracy Does Cause Growth." National Bureau of Economic Research Working Paper No. 20004, March 2014. Acemoglu, Daron, Simon Johnson, and James Robinson. "Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution." The Quarterly Journal of Economics 117, no. 4 (2002): 1231–94. (NBER Working Paper No. 8460)
2–3	Introduction to the Solow Growth Model	[IMEG] Chapter 2. Solow, Robert M. Growth Theory: An Exposition. Oxford University Press, 2000. ISBN: 9780195109030.
4	The Solow Model and the Data: Growth Accounting, Levels Accounting, and the Facts.	[IMEG] Chapters 3 and 4. Mankiw, N. Gregory, David Romer, and David N. Weil. "A Contribution to the Empirics of Economic Growth." The Quarterly Journal of Economics 107, no. 2 (1992): 407–437. (NBER Working Paper No. 3541) Barro, Robert J., and Xavier Sala-i-Martin. Chapter 10 in Economic Growth. 2nd edition. MIT Press, 2003. ISBN: 9780262025539. Young, Alwyn. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience." The Quarterly Journal of Economics 110, no. 3 (1995): 641–80. Hall, Robert, and Charles I. Jones. "Why Do Some Countries Produce So Much More Output per Worker than Others?" The Quarterly Journal of Economics 114, no. 1 (1999): 83–116. Klenow, Peter J., and Andrés Rodriguez-Clare. "The Neoclassical Revival in Growth Economics: Has It Gone Too Far?" (PDF) In NBER Macroeconomics Annual 1997. Edited by Ben S. Bernanke and Julio J. Rotemberg. MIT Press, 1997, pp. 73–103. ISBN: 9780262522427. Trefler, Daniel. "International Factor Price Differences: Leontief Was Right!" Journal of Political Economy 101, no. 6 (1993): 961–87. Diamond, Jared M. Guns, Germs and Steel: The Fates of Human Societies. W. W. Norton & Company, 1999. ISBN: 9780393317558. Acemoglu, Daron, Simon Johnson, and James A. Robinson. "The Colonial Origins of Comparative Development: An Empirical Investigation." American Economic Review 91, no. 5 (2001): 1369–401.
5–6	Neoclassical Growth	[IMEG] Chapters 5 and 6. Mas-Colell, Andreu, Michael D. Whinston, and Jerry R. Green. Chapters 4 and 16 in Microeconomic Theory. Oxford University Press, 1995. ISBN: 9780195073409.
7	Overlapping Generations and Dynamic Efficiency	[IMEG] Chapters 5 and 9. Bewley, Truman F. General Equilibrium, Overlapping Generations Models, and Optimal Growth Theory. Harvard University Press, 2007. ISBN: 9780674022881. Shell, Karl. "Notes on the Economics of Infinity." Journal of Political Economy 79, no. 5 (1971): 1002–11. Diamond, Peter A. "National Debt in a Neoclassical Growth Model." (PDF - 1.8MB) The American Economic Review 55, no. 5 (1965): 1126–50. Jones, Larry. "Special Problems Arising in the Study of Economics with Infinitely Many Commodities." In Models of Economic Dynamics: Proceedings of a Workshop held at the IMA, University of Minnesota, Minneapolis, USA, October 24–28, 1983 (Lecture Notes in Economics and Mathematical Systems). Edited by Hugo F. Sonnenschein. Springer, 1986, pp. 184–205. ISBN: 9783540160984.
8	Neoclassical Endogenous Growth: Capital Accumulation, Externalities, and Human Capital.	[IMEG] Chapters 10–12. Rebelo, Sergio. "Long-Run Policy Analysis and Long-Run Growth." Journal of Political Economy 99, no. 3 (1991): 500–521. (NBER Working Paper No. 3325) Jones, Larry E., and Rodolfo E. Manuelli. "A Convex Model of Equilibrium Growth: Theory and Policy Implications." Journal of Political Economy 98, no. 5 (1990): 1008–38. Romer, Paul M. "Increasing Returns and Long-Run Growth." Journal of Political Economy 94, no. 5 (1986): 1002–37. Ben-Porath, Yoram. "The Production of Human Capital and the Life Cycle of Earnings." Journal of Political Economy 75, no. 4 (1967): 352–65. Nelson, Richard R., and Edmund S. Phelps. "Investment in Humans, Technological Diffusion and Economic Growth." The American Economic Review 56, no. 1 / 2 (1966): 69–75. Acemoglu, Daron. "A Microfoundation for Social Increasing Returns in Human Capital Accumulation." The Quarterly Journal of Economics 111, no. 3 (1996): 779–804. Jr. Lucas, Robert E. "On the Mechanics of Economic Development." Journal of Monetary Economics 22, no. 1 (1988): 3–42. Acemoglu, Daron, and Joshua Angrist. "How Large are Human Capital Externalities? Evidence from Compulsory Schooling Laws." In NBER Macroeconomics Annual 2000. Edited by Ben S. Bernanke and Kenneth S. Rogoff. MIT Press, 2001, pp. 9–59. ISBN: 9780262523141. [Preview with Google Books]
9–10	Endogenous Growth with Expanding Input Varieties	[IMEG] Chapter 13. Romer, Paul M. "Endogenous Technological Change." Journal of Political Economy 98, no. 5 (1990): S71–S102. (NBER Working Paper No. 3210) Jones, Charles I. "R & D-Based Models of Economic Growth." Journal of Political Economy 103, no. 4 (1995): 759–84. Bloom, Nicholas, Mark Schankerman, and John Van Reenen, J. "Identifying Technology Spillovers and Product Market Rivalry." Econometrica 81, no. 4 (2013): 1347–94. Jaffe, Adam B., Manuel Trajtenberg, and Rebecca Henderson. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations." The Quarterly Journal of Economics 108, no. 3 (1993): 577–98. Kerr, William R. "Ethnic Scientific Communities and International Technology Diffusion." The Review of Economics and Statistics 90, no. 3 (2008): 518–37. Griliches, Zvi. "Hybrid Corn: An Exploration in the Economics of Technological Change." Econometrica 25, no. 4 (1957): 501–22. ———. "The Search for R&D Spillovers." The Scandinavian Journal of Economics 94 (1992): 29–47. (NBER Working Paper No. 3768) Irwin, Douglas A., and Peter J. Klenow. "Learning by Doing Spillovers in the Semiconductor Industry." Journal of Political Economy 102, no. 6 (1994): 1200–1227.