Basis of growth : demography, education and technological progress
[ECON2310]
[30h] 5 credits
Teacher(s):
Language: French
Level: Second
Aims
Main themes
1. Growth and development : a millenial perspective. Special topic : The demographic transition
2. Stylized facts of modern economic growth, and growth accounting. Special topic: The productivity slowdown puzzle.
3. The Solow-Swan neoclassical model. Application: Analyzing the consequences of AIDS crisis in Africa with the Solow-Swan model.
4. Optimal growth. Special tool: Phase diagrams for the analysis the dynamic consequences of economic policy.
5. Endogenous growth theory: the AK model. Special topic: The Jones-McGrattan controversy.
6. Endogenous growth: Human capital and public expenditures.
7. Endogenous growth: Technological progress. Special topic: IT resolution and the Solow paradox.
Content and teaching methods
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)
Written exam
Robert Barro et Xavier Sala-i-Martin, Economic Growth, McGraw-Hill , 1995
John Cuddington and John Hancock, ``Assessing the Impact of AIDS on the Growth Path of the Malawian Economy´´, Journal of Development Economics 43, 363-368, 1995.
Angus Maddison, The World Economy : a Millenial Perspective, OECD Development Center, 2001.
Ellen McGrattan, ``A Defence of the AK Growth Model´´, Federal Reserv Bank of Minneapolis Quarterly Review 22, 13-27, 1998
The Economist, Survey on the New Economy, 2000.