Contents:
In the first classes, basic models of economic growth as well as their empirical applications are examined. Each participant of the course works on an assigned topic focusing on one of the central questions of economic growth, including empirics for growth and income distribution, directed technological change, the linkages between growth and trade, education, human capital, culture, financial sector, institutions etc. After corresponding presentation, each participant has four weeks to write his or her paper on specific individual research question to be discussed with course instructor.
This seminar aims for students to critically analyse central questions of economic growth. The focus is both on theoretical and policy-oriented knowledge.
Elective module or elective complementary module. Kateryna Khorkhordina Module Coordinator Dr. Kateryna Khorkhordina Content This course covers selected topics in economic growth. Learning objectives and skills This seminar aims for students to critically analyse central questions of economic growth. Students learn about various theoretical models of economic growth, critically analyse their implications and impacts on various factors.
Students reflect on how these models apply to empirics for growth. Students learn about different linkages, as well as implications of growth and reflect on current controversies around empirics for growth.
Learning and methodological skills: Students carry out research projects independently, using a wide range of instruments for research methods. Students plan and implement stages of work for their independent project, selecting a topic that suits their interests and expertise.
The intent is to provide students, professionals, and policy makers with an understandable description of the potential impacts of alternative policy outcomes. Also, the creation of new services has been more important than invention of new goods. Don't have an account? Modern business cycle theory. Economic growth has the indirect potential to alleviate poverty , as a result of a simultaneous increase in employment opportunities and increased labor productivity. Jobs, growth and poverty:
Students write a research paper adhering to academic writing requirements. Students reflect critically on current growth related issues, e.
Don't have an account? The measure of knowledge capital is introduced in empirical growth modelling.
The knowledge capital measure turns out to be very closely related to economic growth rates in cross-country growth regressions. Simple growth models considering knowledge capital in addition to years of schooling and initial income levels account for three quarters of the international variation in growth rates — in stark contrast to models excluding cognitive skills that can account for just one quarter of the variation. The empirical results are remarkably stable in the face of alternative specifications, varying samples, and alternative measures of cognitive skills, demonstrating a robustness uncommon to most cross-country growth modelling.
Moreover, knowledge capital has a dramatic impact on growth rates: It is also true that having both top performers rocket scientists and a broad base of proficiency education for all is important for growth. Fundamental sources of long-run growth. American Economic Review , May, 87 2 , Innovation and economic growth. Economic growth in Europe since Cambridge University Press, Cambridge.
Also NBER working paper no. Big bills left on the sidewalk: Journal of Economic Perspectives , 10 2 , Spring , Exogenous or endogenous growth? The Industrial Revolution reconsidered.
The growth of nations. Economic growth and the structure of long-term development. The political economy of growth: World Bank Economic Review , 8 3 , Technology and international differences in growth rates. Journal of Economic Literature , Investigaciones Economicas , 18, Endogenous innovation in the theory of growth.
Journal of Economic Perspectives , Winter , What has been the matter with neoclassical growth theory? The economics of growth and technical change.
Journal of Economic Perspectives , 8, The origins of endogenous growth. Journal of Economic Perspectives ,Winter , 8, Perspectives on growth theory. The search for the sources of growth: Journal of Economic History , 53, On endogenizing long run growth. Scandinavian Journal of Economics , 95, Idea gaps and object gaps in economic development. Journal of Monetary Economics , 32 3 , December,