ECONOMIC GROWTH
Spring 2016

Suggested errata or elaborations to Jones and Vollrath (2013)
(continually updated) 

4/3
    Ch. 2, p. 50, line 2 from below:    "in the Solow model"    should read    "in the Solow model if the production function is Cobb-Douglas".

27/5
    Ch. 5, p. 101, line 5-4 from below:    "creates theta_bar new ideas"    should read    "creates theta_bar new ideas per time unit". This addition, "per time unit", is lacking several places in the chapter.
        -   , p. 107, middle:    "growth effects of policy"    should read    "growth effects of conventional policy".
        -   , p. 108, line 5-6:    "increase in the investment rate"    should read    "increase in the capital investment rate" (the investment, w*L_A, in R&D is also investment).
        -   , p. 114, many places (and also at the bottom of p. 118 and at p. 127):    r should be replaced by r + delta.
        -   , p. 114, line 3-2 from below:    "all capital goods sell for the same price"    should read    "all capital good services sell for the same price".
        -   , p. 117, line 1 from below:    "we let it be determined from the model"    should read    "we let it be determined from the model, for a given r".
        -   , p. 121-123:    A more precise account of the stochastic aspects is given in Short Note 3.
        -   , p. 131:    Be careful, Mu (= Mu_bar * L_A) is an endogenous variable, not a parameter that can freely be varied.
        -   , p. 137-138:    The headline and the text talks about "solving" and "solve", which is misleading, if we have general equilibrium in mind, because then also r is an endogenous variable.    
         

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