Created by Yasushi Iwamoto, November 8, 1996
 

Economic Growth

Textbook

Barro, Robert J., and Xavier Sala-i-Martin (1995), Economic Growth, New York: McGraw-Hill.

Schedule

1 Growth Accounting [10]

2 Solow-Swan Model [1]

3 Ramsey Model [2]

4 Convergence [11]

5 One-Sector Model [4]

6 Two-Sector Model [5]

7 Technological Change [6,7,8]

8 Population Growth [9]

9 Tax and Growth

10 Barro Regression [12]

Supplemental Readings

1. Growth Accounting

Solow, Robert M. (1957), "Technical Change and the Aggregate Production Function," Review of Economics and Statistics, Vol. 39, August, 312-320.

Jorgenson, Dale W. and Zvi Griliches (1967), "The Explanation of Productivity Change," Review of Economic Studies, Vol. 34, July, 249-280

2. Solow-Swan Model

Solow, Robert M. (1956), "A Contribution to the Theory of Economic Growth," Quarterly Journal of Economics, Vol. 70, No. 1, February, 65-94.

Swan, Trevor W. (1956), "Economic Growth and Capital Accumulation," Economic Record, Vol. 32, November, 334-361.

3. Ramsey Model

Ramsey, Frank (1928), "A Mathematical Theory of Saving," Economic Journal, Vol. 38, December, 543-559.

Cass, David (1965), "Optimum Growth in an Aggregative Model of Capital Accumulation," Review of Economic Studies, Vol. 32, July, 233-240.

Koopmans, Tjalling C. (1965). "On the Concept of Optimal Economic Growth," in Study Week on the Econometric Approach to Development Planning, Amsterdam, North Holland, 1965.

4. Convergence

Baumol, William J. (1986), "Productivity Growth, Convergence, and Welfare: What the Long-Run Data Show," American Economic Review, Vol. 76, No. 5, December, 1072-1085.

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

Barro, Robert J., N. Gregory Mankiw, and Xavier Sala-i-Martin (1992), "Capital Mobility in Neoclassical Models of Growth," NBER Working Paper No. 4206, November.

King, Robert G., and Sergio Rebelo (1993), "Transitional Dynamics and Economic Growth in the Neoclassical Model," American Economic Review, Vol. 83, No. 4, September, 908-931.

Quah, Danny (1993), "Galton's Fallacy and Tests of the Convergence Hypothesis," Scandinavian Journal of Economics, Vol. 95, No. 4, 427-443.

5. One-Sector Model

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

Barro, Robert J. (1990b), "Government Spending in a Simple Model of Endogenous Growth," Journal of Political Economy, Vol. 98, No. 5, October, part II, S103-125.

Barro, Robert J., and Xavier Sala-i-Martin (1992c), "Public Finance in Models of Economic Growth, A" Review of Economic Studies, Vol. 59, No. 4, October, 645-661.

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

Saint-Paul, Gilles (1992), "Fiscal Policy in an Endogenous Growth Modal," Quarterly Journal of Economics, Vol. 107, No. 4, November, 1243-1259.

6. Two-Sector Model

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

Uzawa, Hirofumi (1965), "Optimal Technical Change in an Aggregative Model of Economic Growth," International Economic Review, Vol. 6, January, 18-31.

Lucas, Robert E, Jr. (1988), "On the Mechanics of Economic Development," Journal of Monetary Economics, Vol. 22, No. 1, July, 3-42.

Mulligan, Casey B., and Xavier Sala-i-Martin (1993), "Transitional Dynamics in Two-Sector Models of Endogenous Growth," Quarterly Journal of Economics, Vol. 108, No. 3, August, 737-773.

7. Technological Change

Romer, Paul M. (1990), "Endogenous Technological Change," Journal of Political Economy, Vol. 98, No.5, 71-101.

Aghion, Philippe, and Peter Howitt (1992), "A Model of Growth Through Creative Destruction," Econometrica, Vol. 60 No. 2, March, 323-351.

Brezis, Elise S., Paul R. Krugman, and Daniel Tsiddon (1993), "Leapfrogging in International Competition: A Theory of Cycles in National Technological Leadership," American Economic Review, Vol. 83, No. 5, December, 1211-1219.

8. Population Growth

Razin, Assaf, and Uri Ben-Zion (1975), "An Intergenerational Model of Population Growth," American Economic Review, Vol. 65, No. 5, December, 923-933.

Beckcer, Gary S., and Robert Barro (1988), "A Reformulation of the Economic Theory of Fertility," Quarterly Journal of Economics, Vol. 103, No. 1, February, 1-25.

Barro Robert J., and Gary S. Becker (1989), "Fertility Choice in a Model of Economic Growth," Econometrica, Vol. 57, No.2 March, 481-501.

9. Taxation and Growth

Lucas, Robert E. (1990), "Supply-Side Economics: An Analytical Review," Oxford Economic Papers, Vol. 42, No. 2, April, 293-316.

King, Robert G., and Sergio Rebelo (1990), "Public Policy and Economic Growth: Developing Neoclassical Implications," Journal of Political Economy, Vol. 98, No. 5, October, 126-150.

Pecorino, Paul (1993), "Tax Structure and Growth in a Model with Human Capital," Journal of Public Economics, Vol. 52, No. 2, September, 251-271.

Devereux, Michael B., and David R. F. Love (1994), "The Effect of Factor Taxation in a Two-Sector Model of Endogenous Growth," Canadian Journal of Economics, Vol. 27, No. 3, 509-536.

Stokey, Nancy L., and Sergio Rebelo (1995), "Growth Effects of Flat-Rate Taxes," Journal of Political Economy, Vol. 103, No. 3, 519-550.

Jones, Larry E., Rodolfo E. Manuelli, and Peter E. Rossi (1993), "Optimal Taxation in Models of Endogenous Growth," Journal of Political Economy, Vol. 101, No. 3, June, 485-517.

10. Barro Regression

10.1 Real Factors

Barro, Robert J., and Jong-Wha Lee (1994), "Sources of Economic Growth," Carnegie-Rochester Conference Series on Public Policy," Vol. 40, June, 1-46.

Barro Robert J., and Jong-Wha Lee (1993), "International Comparisons of Educational Atteinment," Journal of Monetary Economics, Vol. 32, No. 3 December, 363-394.

De Long, J. Bradford, and Lawrence H. Summers (1991), "Equipment Investment and Economic Growth," Quarterly Journal of Economics, Vol.106, No. 2, May, 445-502.

Easterly, William, Michael Kremer, Lant Pritchett and Lawrence H. Summers (1993), "Good Policy or Godd Luck?," Journal of Monetary Economics, Vol. 32, No.3, December, 459-483.

Easterly, William and Sergio Rebelo (1993), "Fiscal Policy and Economic Growth," Journal of Monetary Economic, Vol. 32, No. 3, December, 417-458.

10.2 Money and Growth

Barro, Robert J. (1995), "Inflation and Economic Growth," NBER Working Paper, No. 5326, October.

van Der Ploeg, Frederick and George S. Alogoskoufis (1994), "Money and Endogenous Growth," Journal Money, Credit, and Banking, Vol. 26, No. 4, November, 771-791.