Economic Growth, 2007

Additional course material

Lecture notes:

Note 1:  The World Distibution of Wealth and the Solow Model
* Some additional notes prompted by a question in class.
Note 2:  The Rate of Convergence in the Solow model ... and then some.
* Correction: In footnote 2 I provide a link to a note where the Solow model is re-estimated by non-linear least squares. This link no-longer works. Click here in stead. The author: Steve Dowrick
Note 3:  Why OlS is not always BLUE
Note 4:  The Augmented Solow Model revisited
Note 5:  Club Convergence: Some Empirical Issues
Note 6: Notes on Endogenous Growth and Evidence of Learning-by-Doing.
Note by Christian Groth: Derivations for the Alesina and Rodrik paper. The key parts are p. 1-7.

Handouts:

Slides from the Intro Lecture: Formalities. Issues.
Outline: The neoclassical view Part I: Theory
Outline: The neoclassical view Part II: Empirics
Outline: The neoclassical view: Critism
Outline: Endogenous Growth, Part I: Physical Capital.
    Detailed outline: Learning-by-Doing.
    Detailed outline:  Government Productive Investment.  Planner problem in the case where G is subject to congestion, Derivations.
    Detailed outline:  Endogenous Policy
    Detailed outline: Jones Critique of AK models
Outline: Endogenous growth, Part II: Human Capital.
    Slides: Uzawa-Lucas model
    Slides: Bills and Klenow(2000); Hendricks (2002), Notes referred to on slide (B&K)
Outline: Endogenous growth through R&D.
                Slides: Basic model and Planner problem
            Slides: Empirical issues and extensions

Exercises:

Exercises covering theme 1 on "the neoclassical view".
More exercises: e.g. on productive government investments and endogenous growth.
Exercises: endogenous growth and endogenous policy. Human capital.
Another set of exercises covering various topics
Final (spring 2003) with a solution
Final (spring 2005) with a solution