Readings

Part 1

Stylized facts of economic growth and development

Part 2

Introduction to the Solow growth model

Part 1

[IMEG] chapter 1.

Helpman, Elhanan. Mystery of Economic Growth. Cambridge, MA: Harvard University Press, 2004. ISBN: 9780674015722.

Quah, Danny. "Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs." Journal of Economic Growth 2, no. 1 (March 1997): 27-60.

Jones, Charles I. "On the Evolution of the World Income Distribution." Journal of Economic Perspectives 11, no. 3 (Summer 1997): 19-36.

Acemoglu, Daron, Simon Johnson, and James Robinson. "Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution." Quarterly Journal of Economics 117, no. 4 (November 2002): 1231-1294.

Part 2

[IMEG] chapter 2.

Solow, Robert. Growth Theory: An Exposition. 2nd ed. New York, NY: Oxford University Press, 2000. ISBN: 9780195109030.

Part 1

The Solow model and the data; growth accounting, levels accounting, and the facts

Part 2

Fundamental causes of income differences

Part 1

[IMEG] chapter 3.

Mankiw, N. Gregory, David Romer, and David N. Weil. "A Contribution to the Empirics of Economic Growth." Quarterly Journal of Economics 107, no. 2 (May 1992): 407-437.

  Barro, Robert, and Xavier Sala-i-Martin. Economic Growth. 2nd ed. Cambridge, MA: MIT Press, 2003, chapter 10. ISBN: 9780262025539.

Young, Alwyn. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience." Quarterly Journal of Economics 110, no. 3 (August 1995): 641-680.

Hall, Robert, and Charles I. Jones. "Why Do Some Countries Produce So Much More Output per Worker than Others?" Quarterly Journal of Economics 114, no. 1 (February 1999): 83-116.

  Klenow, Peter J., and Andres Rodriguez-Clare. "The Neoclassical Revival in Growth Economics: Has It Gone Too Far?" In NBER Macroeconomics Annual 1997. Edited by Ben S. Bernanke and Julio J. Rotemberg. Cambridge, MA: MIT Press, 1997, pp. 73-103. ISBN: 9780262522427.

Trefler, Daniel. "International Factor Price Differences: Leontief Was Right!" Journal of Political Economy 101, no. 6 (December 1993): 961-987.

Part 2

[IMEG] chapter 4.

Diamond, Jared M. Guns, Germs, and Steel: The Fate of Human Societies. New York, NY: W.W. Norton and Co., 2005. ISBN: 9780393061314.

Acemoglu, Daron, Simon Johnson, and James A. Robinson. "The Colonial Origins of Comparative Development: An Empirical Investigation." American Economic Review 91, no. 5 (December 2001): 1369-1401.

[IMEG] chapter 8.

Chari, V. V., Patrick Kehoe, and Ellen McGrattan. "The Poverty of Nations: A Quantitative Investigation." Staff Report 204, Federal Reserve Bank of Minneapolis, Minneapolis, MN, October 1997.

[IMEG] chapters 10, 11, and 12.

Rebelo, Sergio. "Long-Run Policy Analysis and Long-Run Growth." Journal of Political Economy 99, no. 3 (June 1991): 500-521.

Jones, Larry E., and Rodolfo E. Manuelli. "A Convex Model of Equilibrium Growth: Theory and Policy Implications." Journal of Political Economy 98, no. 5 (October 1990): 1008-1038.

Romer, Paul M. "Increasing Returns and Long-Run Growth." Journal of Political Economy 94, no. 5 (October 1986): 1002-1037.

———. "Idea Gaps and Object Gaps in Economic Development." Journal of Monetary Economics 32, no. 3 (December 1993): 543-573.

Ben Porath, Yoram. "The Production of Human Capital and the Life Cycle of Earnings." Journal of Political Economy 75, no. 4 (August 1967): 352-365.

Nelson, Richard R., and Edmund S. Phelps. "Investment in Humans, Technological Diffusion and Economic Growth." American Economic Review 56, nos. 1-2 (March-May 1966): 69-75.

Acemoglu, Daron. "A Microfoundation for Social Increasing Returns in Human Capital Accumulation." Quarterly Journal of Economics 111, no. 3 (August 1996): 779-804.

Lucas, Robert E., Jr. "On the Mechanics of Economic Development." Journal of Monetary Economics 22, no. 1 (July 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. Cambridge, MA: MIT Press, 2001, pp. 9-59. ISBN: 9780262523141.

[IMEG] chapters 18 and 19.

Krugman, Paul. "A Model of Innovation, Technology Transfer, and the World Distribution of Income." Journal of Political Economy 87, no. 2 (April 1979): 253-266.

Acemoglu, Daron, and Jaume Ventura. "The World Income Distribution." Quarterly Journal of Economics 117, no. 2 (May 2002): 659-694.

Ventura, Jaume. "Growth and Interdependence." Quarterly Journal of Economics 112, no. 1 (February 1997): 57-84.

  Grossman, Gene, and Elhanan Helpman. Innovation and Growth in the Global Economy. Cambridge, MA: MIT Press, 1993. ISBN: 9780262570978.

[IMEG] chapter 17.

Brock, William A., and Leonard Mirman. "Optimal Economic Growth under Uncertainty: Discounted Case." Journal of Economic Theory 4, no. 3 (June 1972): 479-513.

  Ljunqvist, Lars, and Thomas J. Sargent. "Equilibrium with Complete Markets," and "Recursive Competitive Equilibria." Chapters 8 and 12 in Recursive Macroeconomic Theory. 2nd ed. Cambridge, MA: MIT Press, 2004, pp. 208-263 and 366-391. ISBN: 9780262122740.

Aiyagari, S. Rao. "Uninsured Idiosyncratic Risk and Aggregate Saving." Quarterly Journal of Economics 109, no. 3 (August 1994): 659-684.

Bewley, Truman F. "The Permanent Income Hypothesis: A Theoretical Formulation." Journal of Economic Theory 16, no. 2 (December 1977): 252-292.

———. "The Optimum Quantity of Money." In Models of Monetary Economics. Edited by J. H. Kareken and N. Wallace. Minneapolis, MN: Federal Reserve Bank of Minneapolis, 1980, pp. 169-210. ISBN: 9780960393602.

  Ljunqvist, Lars, and Thomas J. Sargent. "Self-insurance," and "Incomplete Markets Models." Chapters 16 and 17 in Recursive Macroeconomic Theory. 2nd ed. Cambridge, MA: MIT Press, 2004, pp. 545-614. ISBN: 9780262122740.

Acemoglu, Daron, and Fabrizio Zilibotti. "Was Prometheus Unbound by Chance? Risk, Diversification, and Growth." Journal of Political Economy 105, no. 4 (August 1997): 709-751.