Helsinki: August 2006
|
|
- Shawn Atkins
- 6 years ago
- Views:
Transcription
1 Helsinki: August 2006 International Congress of Historical Sciences, Sydney, July 2005 International History Associatio Settler Economies in World History Part A, General Conceptual Themes usan B. Carter Richard Sutch ersity of California Riverside Preface: Rethinking Global History from an American Perspective as a Puzzle, as a Clue The Demographic Gift: The Dynamics of and Rethinking Global History from an American Perspective American Exceptionalism 1
2 Settler Societies Large-scale from well-established states Initially Land Abundant and Politically Unorganized Temperate Climate Indigenous Peoples overwhelmed Settlers establish Institutions to promote their own political, economic, and social well-being Net Immigrants per Thousand Resident Population per Argentina Australia 20 United States 0 Settler Societies North America: U.S., Canada South America: Argentina, Uruguay, Chile Africa: South Africa Oceania: Australia, New Zealand Generalization: Sustained during Era of Mass Sources; Carter and Sutch 2005, Series Aa7 and Ad16-24; Vanplew 1987, pp. 6-7; Maddison 2003, pp and ; Ferenczi and Willcox 1929, pp and 544; and Mitchell 1983, pp. 51, 55-56, and
3 Real GDP per Capita Australia (Haig) Connections between the characteristics of Settler Societies and their generally favorable history of economic growth United States (Carter-Sutch) Argentina (Maddison) Geography/Natural Resources/Disease Environment Acemoglu-Johnson-Robinson [AER 2001] Australia (Butlin) Source: Carter-Sutch 2005, Maddison Good Institutions/Mass Education Sokolo f-engerman [JEP 2000] Easterlin [JEH 1981] Settler Societies Large-scale from well-established states Initially Land Abundant and Politically Unorganized Temperate Climate Indigenous Peoples overwhelmed Settlers establish Institutions to promote their own political, economic, and social well-being. Settler Societies Large-scale from well-established states Initially Land Abundant and Politically Unorganized Temperate Climate Indigenous Culture overwhelmed Settlers establish Institutions to promote their own political, economic, and social well-being. 3
4 Settler Societies arge-scale from well-established states Initially Land Abundant and Politically Unorganized Temperate Climate Indigenous Peoples overw helmed Settlers establish Institutions to promote their own political, economic, and social well-being. Endogenous Theory [Romer JPE 1986] Motivations: Better fit for the data. Better explanation for international differences in nations rates of economic growth. Better modeling of the economics of knowledge accumulation. Better modeling of implications of macroeconomic policy for economic growth. Good Summary: Paul Romer, The Origins of Endogenous. Journal of Perspectives 8 (Winter 1994): p. 5. Endogenous Theory Endogenous Economies of Scale [Abramovitz JEH 1993] Size of the Market [ Smithian ] Roundabout Methods [Young EJ 1928] Technological Externalities [ Promethian ] More invention [Simon Consequences 1989] Knowledge spillovers Non-rival nature [Arrow RES 1962] Learning by Doing [David Technical Choice 1975] Y = A(R,K,H,P) F(R j,k j,h j,l j ) where R j is stock of results from expenditure on R&D by firm j and R is aggregate R j where Kj is stock of K owned by firm j and K is aggregate Kj where P is the aggregate population of the common market 4
5 Unit costs Increasing Returns as an Economy Grows 160 Index Real Cost of Producing 10,000 Lumen- Hours of Illumination from Least-Cost Technology 1800 = 100 Hand Production 120 Simple Tools 80 Endogenous Technical Change as an Economy Grows Complex Tools & Organization Quantity Produced Source: Nordhaus Most empirical research generated by endogenous growth theory has tested earlier [old] growth models, rather than testing endogenous theory itself. Most of the empirical work has utilized observations across countries and imposed extremely strong assumptions about international production functions. Howard Pack. Endogenous Theory: Intellectual Appeal and Empirical Shortcomings. Journal of Perspectives 8(1) (Winter 1994): Unless there is some demonstration forthcoming that the theory is useful in explaining the growth pattern over time of national economies, [endogenous growth theory] will remain a rich expansion of existing growth theory rather than a powerful organizing framework for thinking about actual growth phenomena. Howard Pack, Endogenous Theory: Intellectual Appeal and Empirical Shortcomings. Journal of Perspectives 8(1) (Winter 1994):
6 Endogenous Theory Puts at the Center of Settler Economy Dynamics Y = A(R,K,H,P) F(Rj,Kj,Hj,Lj) expands the market J. Simon Consequences of 1989 Knowledge Spillovers Y = A(R,K,H,P) F(Rj, Kj, Hj, Lj) Learning by Doing Embodiment More inventions increases the division of labor permits an increased exploitation of the country s comparative advantage in international trade Four Additional Mechanisms that Link Expanded Capital Formation and Increases the Return on and Demand for Capital Capital dilution [Borjas JEP 1995] Population sensitive investment [Kuznets ProcAmPhilSoc 1958] Increases Saving Rate More middle-aged savers with suboptimal wealth [Modigliani SocRes 1966] Import Human Capital Rearing and educating cost [Neal and Uselding OxEP 1972] Decrease Dependency Ratio Demographic Gift [Lee, Mason and Miller PopDevRev 2000] Y = A(R,K,H,P) F(Rj, Kj, Hj,Lj) Decreased Dependency Ratio Importation of Human Capital Y/P = L/P A(R,K,H,P) F(R/L, K/L, H/L) 6
7 Land Abundance And Climate Imported Human Capital Family and Friends Population Expanded Markets Population Expanded Markets More Inventions Spillovers Learning Roundabout Methods Roundabout Methods Investment Demand Industrialization Adam Smith. An Inquiry into the Nature and Causes of the Wealth of Nations, High Entry- Level Wages = High Saving Demographic Gift Allyn A. Young. Increasing Returns and Progress. Journal 38 (1928): pp Paul M. Romer. Increasing Returns and Long-Run, Journal of Political Economy, Expanded Markets Population Spillovers Learning More Inventions Roundabout Methods Ronald Lee, Andrew Mason, and Tim Miller. "Lifecycle Saving and Demographic Transition." Population and Development Review 26 (2000). Industrialization Julian L. Simon. The Consequences of, Blackwell Industrialization Demographic Gift 7
8 Imported Human Capital Land Abundance And Climate Larry Neal and Paul Uselding. : A Neglected Source of American, 1790 to 1912, Oxford Papers Family and Friends D. Acemoglu, S. Johnson, and J.A. Robinson. The Colonial Origins of Comparative Development: An Empirical Investigation, American Review Franco Modigliani. The Life Cycle Hypothesis of Saving, the Demand for Wealth, and the Supply of Capital, Social Research Investment Demand = High Saving Simon Kuznets. Long Swings in the of Population and in Related Variables, Proceedings of the American Philosophical Society D. Acemoglu and J.A. Robinson. Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution, Quarterly Journal of s Land Abundance And Climate Imported Human Capital Family and Friends Population Expanded Markets More Inventions Spillovers Learning Roundabout Methods Investment Demand Industrialization High Entry- Level Wages = High Saving Demographic Gift 8
DEEP ORIGINS OF COMPARATIVE ECONOMIC DEVELOPMENT
DEEP ORIGINS OF COMPARATIVE ECONOMIC DEVELOPMENT Instructor: Dr. Dmitry Veselov (dveselov@hse.ru) From plus.google.com COURSE DESCRIPTION Abstract This course summarizes recent theoretical and empirical
More informationEconomic Growth: Lecture 9, Neoclassical Endogenous Growth
14.452 Economic Growth: Lecture 9, Neoclassical Endogenous Growth Daron Acemoglu MIT November 28, 2017. Daron Acemoglu (MIT) Economic Growth Lecture 9 November 28, 2017. 1 / 41 First-Generation Models
More informationContent Area: Social Studies Standard: 1. History Prepared Graduates: Develop an understanding of how people view, construct, and interpret history
Standard: 1. History Develop an understanding of how people view, construct, and interpret history 1. Organize and sequence events to understand the concepts of chronology and cause and effect in the history
More informationAAG CENTER FOR GLOBAL GEOGRAPHY EDUCATION Internationalizing the Teaching and Learning of Geography
Using the CGGE Materials in Advanced Placement Human Geography Classes About the CGGE: The AAG Center for Global Geography Education (CGGE) is a collection of online modules for undergraduate courses in
More informationIntermediate Macroeconomics, EC2201. L2: Economic growth II
Intermediate Macroeconomics, EC2201 L2: Economic growth II Anna Seim Department of Economics, Stockholm University Spring 2017 1 / 64 Contents and literature The Solow model. Human capital. The Romer model.
More informationThe Ramsey Model. (Lecture Note, Advanced Macroeconomics, Thomas Steger, SS 2013)
The Ramsey Model (Lecture Note, Advanced Macroeconomics, Thomas Steger, SS 213) 1 Introduction The Ramsey model (or neoclassical growth model) is one of the prototype models in dynamic macroeconomics.
More informationSocial Studies Continuum
Historical Skills chronological thinking understand that we can learn about the past from different sorts of evidence begin to use historical resources apply research skills by investigating a topic in
More informationProposed AKS for 6 th Grade Social Studies
Proposed AKS for 6 th Grade Social Studies A. Map and Globe Skills 1. use cardinal directions 2. use intermediate directions 3. use a letter/number grid system to determine location 4. compare and contrast
More informationGrowth: Facts and Theories
Notes on Growth: Facts and Theories Intermediate Macroeconomics Spring 2006 Guido Menzio University of Pennsylvania Growth In the last part of the course we are going to study economic growth, i.e. the
More informationPeoples, Places and Cultures in Africa, Asia and the Southwest Pacific
GRADE 7 Peoples, Places and Cultures in Africa, Asia and the Southwest Pacific Course 0470-07 Students in seventh grade explore the history, geography, government, economic systems, current issues, and
More informationLOUISIANA STUDENT STANDARDS FOR SOCIAL STUDIES THAT CORRELATE WITH A FIELD TRIP TO DESTREHAN PLANTATION KINDERGARTEN
LOUISIANA STUDENT STANDARDS FOR SOCIAL STUDIES THAT CORRELATE WITH A FIELD TRIP TO DESTREHAN PLANTATION KINDERGARTEN Standard 2 Historical Thinking Skills Students distinguish between events, people, and
More informationStillwater Area Schools Curriculum Guide for Elementary Social Studies
Stillwater Area Schools Curriculum Guide for Elementary Social Studies Grade Four Draft March 21, 2006 Minnesota and the St. Croix Valley I. Historical Skills A. The student will acquire skills of chronological
More informationTrade with differences in technologies
4D INTERNATIONAL JOURNAL OF IT AND COMMERCE ISSN-2319-104X @4dcrossconnect.com.Inc2013 www.4dinternationaljournal.com Volume3,Issue-2-2013 Trade with differences in technologies Abstract Ramarcha Kumar
More informationOne-Sector Models of Endogenous Growth. Instructor: Dmytro Hryshko
One-Sector Models of Endogenous Growth Instructor: Dmytro Hryshko 1 Mid-1980s: dissatisfaction with exogenously driven explanations of long-run productivity growth. 2 It led to construction of models in
More informationGeneric Analysis of Endogenous Growth Models
c November 20, 2017, Christopher D. Carroll Endogenous Generic Analysis of Endogenous Growth Models The neoclassical theory of economic growth, as formulated by Solow (1956), and Cass (1965)-Koopmans (1965),
More informationINTELLIGENT CITIES AND A NEW ECONOMIC STORY CASES FOR HOUSING DUNCAN MACLENNAN UNIVERSITIES OF GLASGOW AND ST ANDREWS
INTELLIGENT CITIES AND A NEW ECONOMIC STORY CASES FOR HOUSING DUNCAN MACLENNAN UNIVERSITIES OF GLASGOW AND ST ANDREWS THREE POLICY PARADOXES 16-11-08 1. GROWING FISCAL IMBALANCE 1. All orders of government
More informationExploring the World of Growth and Development
Exploring the World of Growth and Development Ping Wang Department of Economics Washington University in St. Louis January 2018 1 Data source: Acemoglus (2009), Aghion-Howitt (2009), Jones (1998, 2015)
More information14.452: Introduction to Economic Growth
14.452: Introduction to Economic Growth Daron Acemoglu October-December 2017. This half semester class will present an introduction to macroeconomic modeling, particularly economic growth. It will focus
More informationGrade 7 Social Studies
Standard 1: History Students will examine the major movements, events, and figures that contributed to the development of nations in modern Africa, Asia, and the Southwest Pacific from acient civilizations
More informationEconomic Development: Theory and Policy
Economic Development: Theory and Policy Andreas Schäfer University of Leipzig Institute of Theoretical Economics WS 12/13 Andreas Schäfer (University of Leipzig) Institutions WS 12/13 1 / 48 Contents 1.
More informationThe challenge of globalization for Finland and its regions: The new economic geography perspective
The challenge of globalization for Finland and its regions: The new economic geography perspective Prepared within the framework of study Finland in the Global Economy, Prime Minister s Office, Helsinki
More informationExploring the World of Growth and Development
Exploring the World of Growth and Development Ping Wang Department of Economics Washington University in St. Louis January 2018 1 A. The Big Picture 1. Long Term Development of the World Economy Five ancient
More informationInternational Development
International Development Discipline/Multi-discipline or trans-disciplinary field Tahmina Rashid Associate Professor, International Studies What is Development? a. Development as a state or condition-static
More informationMIDDLE TENNESSEE STATE UNIVERSITY Global Studies / Cultural Geography Major Matrix Page 1 of 7
Page 1 of 7 I. Social Studies Core GS 4990 (3) Senior Seminar in Global Studies SSC 1. Demonstrate critical thinking in the social sciences by GEOG 2000 (1/3) Introduction to Regional Geography posing
More informationCenterville Jr. High School Curriculum Mapping (7 th Grade Geography) (Mike Day)
Centerville Jr. High School Curriculum Mapping (7 th Grade Geography) (Mike Day) Standard 1 History Students examine the major movements, events and figures that contributed to the development of Africa,
More information004: Macroeconomic Theory
004: Macroeconomic Theory Lecture 22 Mausumi Das Lecture Notes, DSE November 11, 2014 Das (Lecture Notes, DSE) Macro November 11, 2014 1 / 12 AK Production Technology: First Step Towards Endogenous Growth?
More informationMission Geography and Missouri Show-Me Standards Connecting Mission Geography to State Standards
Module 1: Volcanoes local hazard, global issue Mission Geography and Missouri Show-Me Standards Connecting Mission Geography to State Standards Grades 5-8 Inv Geography for Life State Standard(s) Connection
More informationNational Spatial Development Perspective (NSDP) Policy Coordination and Advisory Service
National Spatial Development Perspective (NSDP) Policy Coordination and Advisory Service 1 BACKGROUND The advances made in the First Decade by far supersede the weaknesses. Yet, if all indicators were
More informationI CAN STATEMENTS 6TH GRADE SOCIAL STUDIES
6TH GRADE SOCIAL STUDIES I can compare historical issues involving rights, roles and statues of individuals. I can describe the relationships among specialization, division of labor, productivity of workers
More informationUnit 1 Welcome to the World
Unit Welcome to the World There are five fields of learning in social studies. We learn about the world and its people by studying geography, history, economics, government, and culture. A Mongolian yurt,
More informationSocial Studies Curriculum Sixth Grade
Social Studies Curriculum Sixth Grade A. History Students will examine the key historic movements, events, and figures that contributed to the development of modern Europe and American nations from early
More informationGeneral motivation behind the augmented Solow model
General motivation behind the augmented Solow model Empirical analysis suggests that the elasticity of output Y with respect to capital implied by the Solow model (α 0.3) is too low to reconcile the model
More informationLife Cycle Saving, Bequests, and the Role of Population in R&D based Growth
Auburn University Department of Economics Working Paper Series Life Cycle Saving, Bequests, and the Role of Population in R&D based Growth Bharat Diwakar and Gilad Sorek Auburn University AUWP 206 05 This
More informationOn the Dynamic Implications of the Cobb- Douglas Production Function
From the SelectedWorks of Jürgen Antony 2010 On the Dynamic Implications of the Cobb- Douglas Production Function Jürgen Antony, CPB Netherlands Bureau for Economic Policy Analysis Available at: https://works.bepress.com/antony/7/
More informationSpatial Dimensions of Growth and Urbanization: Facts, Theories and Polices for Development
Spatial Dimensions of Growth and Urbanization: Facts, Theories and Polices for Development Sukkoo Kim Washington University in St. Louis and NBER March 2007 Growth and Spatial Inequality Does growth cause
More informationThe study of Geography and the use of geographic tools help us view the world in new ways.
S How does Geography help us understand our world? What factors shape the Earth s different environments? 7.1.9 7.2.9 BIG IDEAS COMPETENCIES Text pages or The study of Geography and the use of geographic
More informationEconomic Development: Theory and Policy
Economic Development: Theory and Policy Andreas Schäfer University of Leipzig Institute of Theoretical Economics WS 12/13 Andreas Schäfer (University of Leipzig) Unified Growth Theory WS 11/12 1 / 62 Contents
More informationThe Solow Model. Prof. Lutz Hendricks. January 26, Econ520
The Solow Model Prof. Lutz Hendricks Econ520 January 26, 2017 1 / 28 Issues The production model measures the proximate causes of income gaps. Now we start to look at deep causes. The Solow model answers
More informationDevelopment Economics Unified Growth Theory: From Stagnation to Growth
Development Economics Unified Growth Theory: From Stagnation to Growth Andreas Schäfer University of Leipzig Institute of Theoretical Economics WS 10/11 Andreas Schäfer (University of Leipzig) Unified
More informationChapter 9. Natural Resources and Economic Growth. Instructor: Dmytro Hryshko
Chapter 9. Natural Resources and Economic Growth Instructor: Dmytro Hryshko Motivation We want to understand growth in the presence of the earth's nite supply of arable land and nonrenewable natural resources
More informationLecture 2: Intermediate macroeconomics, autumn Lars Calmfors
Lecture 2: Intermediate macroeconomics, autumn 2008 Lars Calmfors 1 GDP per capita, percent of OECD average, PPP-adjusted Position 1970 Index Position 1980 Index 1 Switzerland 154 1 USA 140 2 USA 147 2
More informationAP Human Geography Free Response Questions Categorized
AP Human Geography Free Response Questions Categorized 2002-2010 2. Population (13-17%) 3. Over the past 150 years, Europe has changed from a source to a destination region for international migration.
More informationStructural change in a multi-sector model of the climate and the economy
Structural change in a multi-sector model of the climate and the economy Gustav Engström The Beijer Institute of Environmental Economics Stockholm, December 2012 G. Engström (Beijer) Stockholm, December
More informationRBC Model with Indivisible Labor. Advanced Macroeconomic Theory
RBC Model with Indivisible Labor Advanced Macroeconomic Theory 1 Last Class What are business cycles? Using HP- lter to decompose data into trend and cyclical components Business cycle facts Standard RBC
More informationEconomic Growth: Lecture 8, Overlapping Generations
14.452 Economic Growth: Lecture 8, Overlapping Generations Daron Acemoglu MIT November 20, 2018 Daron Acemoglu (MIT) Economic Growth Lecture 8 November 20, 2018 1 / 46 Growth with Overlapping Generations
More informationA Correlation of. Ohio s Learning Standards in Social Studies. Grade 5
A Correlation of 2019 To in Social Studies Grade 5 Introduction The all new myworld Interactive Social Studies encourages students to explore their world, expand their thinking, and engage their college,
More informationDynamic Optimization: An Introduction
Dynamic Optimization An Introduction M. C. Sunny Wong University of San Francisco University of Houston, June 20, 2014 Outline 1 Background What is Optimization? EITM: The Importance of Optimization 2
More informationAdvanced Macroeconomics
Advanced Macroeconomics Endogenous Growth Marcin Kolasa Warsaw School of Economics Marcin Kolasa (WSE) Ad. Macro - Endogenous growth 1 / 18 Introduction The Solow and Ramsey models are exogenous growth
More informationAlleghany County Schools Curriculum Guide GRADE/COURSE: World Geography
GRADE/COURSE: World 2013-14 GRADING PERIOD: 1 st Six Weeks Time Frame Unit/SOLs SOL # Strand Resource Assessment 8 days* The student will use maps, globes, satellite images, photographs, or diagrams to
More informationRamsey Cass Koopmans Model (1): Setup of the Model and Competitive Equilibrium Path
Ramsey Cass Koopmans Model (1): Setup of the Model and Competitive Equilibrium Path Ryoji Ohdoi Dept. of Industrial Engineering and Economics, Tokyo Tech This lecture note is mainly based on Ch. 8 of Acemoglu
More informationSixty years later, is Kuznets still right? Evidence from Sub-Saharan Africa
Quest Journals Journal of Research in Humanities and Social Science Volume 3 ~ Issue 6 (2015) pp:37-41 ISSN(Online) : 2321-9467 www.questjournals.org Research Paper Sixty years later, is Kuznets still
More informationA Correlation of Prentice Hall World History The Modern Era 2014
A Correlation of Prentice Hall World History The Modern Era 2014 To the College, Career, & Civic Life (C3) Framework for Social Studies State Standards Dimension 2 Disciplinary Indicators Introduction
More informationPROPERTY RIGHTS IN GROWTH THEORY
PROPERTY RIGHTS IN GROWTH THEORY Costas Azariadis Washington University and Federal Reserve Bank of St. Louis Preliminary Draft May 2013 1. CONTENTS 1. Issues and Goals 2. Main Results 3. Related Literature
More informationChapter 9. Natural Resources and Economic Growth. Instructor: Dmytro Hryshko
Chapter 9. Natural Resources and Economic Growth Instructor: Dmytro Hryshko Motivation We want to understand growth in the presence of the earth s finite supply of arable land and nonrenewable natural
More informationThe Geography of Development: Evaluating Migration Restrictions and Coastal Flooding
The Geography of Development: Evaluating Migration Restrictions and Coastal Flooding Klaus Desmet SMU Dávid Krisztián Nagy Princeton University Esteban Rossi-Hansberg Princeton University World Bank, February
More informationECON 5118 Macroeconomic Theory
ECON 5118 Macroeconomic Theory Winter 013 Test 1 February 1, 013 Answer ALL Questions Time Allowed: 1 hour 0 min Attention: Please write your answers on the answer book provided Use the right-side pages
More informationEconomic Growth: Theory and Policy (Timo Boppart s part)
Economic Growth: Theory and Policy (Timo Boppart s part) Lecturer: Timo Boppart Stockholm University, PhD Program in Economics Q4, March/April, 2015. 1 General Information This part of the course consists
More informationPENNSYLVANIA ACADEMIC STANDARDS
PENNSYLVANIA ACADEMIC STANDARDS ARTS AND HUMANITIES 9.2 Historical and Cultural Contexts A. Explain historical, cultural and social context of an individual work in the arts B. Relate works in the arts
More informationFifth Grade Social Studies Major Instructional Goals
Fifth Grade Social Studies Major Instructional Goals We exist for the academic excellence of all students. December 2007 1 Rationale The purpose of the social studies program is to prepare young people
More informationSOCIAL SCIENCES. WORLD GEOGRAPHY LH Grade(s): 9 Pre-Req: N/A
SOCIAL SCIENCES WORLD GEOGRAPHY 21033000 Grade(s): 9 The World Cultural Geography course consists of the following content area strands: American History, World History, Geography, Humanities, Civics and
More informationLecture 4 Economic Growth: Foundations
Lecture 4 Economic Growth: Foundations Leopold von Thadden University of Mainz and ECB (on leave) Macroeconomics II, Summer Term 2013 1 / 67 I Motivation This Lecture considers extensions of the basic
More informationAP Human Geography Unit 1: Basic Concepts and Development Mr. Stepek Guided Reading/Study Guide
AP Human Geography Unit 1: Basic Concepts and Development Mr. Stepek Guided Reading/Study Guide Directions: Follow the common directions distributed to you for guided reading assignments. Rubenstein p
More informationGACE Middle Grades Social Science Assessment Test at a Glance
GACE Middle Grades Social Science Assessment Test at a Glance Updated June 2017 See the GACE Middle Grades Social Science Assessment Study Companion for practice questions and preparation resources. Assessment
More informationThe following objectives were taken from the K-12 Skills Competency Goals
Seventh Grade Social Studies Crosswalk World Geography, History and Culture: Patterns of Continuity and Change The Great Global Convergence (1400-1800) to the Present - Represents the last five Eras of
More informationPrentice Hall World Cultures: A Global Mosaic 2004 Correlated to: Wisconsin Model Academic Standards for Social Studies (By the end of Grade 12)
Wisconsin Model Academic Standards for Social Studies (By the end of Grade 12) A. Geography: People, Places, and Environments A.12.1 Use various types of atlases and appropriate vocabulary to describe
More informationTheoretical premises of the Keynesian approach
origin of Keynesian approach to Growth can be traced back to an article written after the General Theory (1936) Roy Harrod, An Essay in Dynamic Theory, Economic Journal, 1939 Theoretical premises of the
More informationEquating output per worker to GDP per capita, the growth rate of GDP per capita
3 Homework 3 1. We have seen in class Kaldor s stylized facts of growth in developed countries. The Cobb-Douglas production function is used to replicate fact a. In this exercise, you are asked to show
More informationBusiness Environment in a Global Context
Business Environment in a Global Context Andrew Harrison OXFORD UNIVERSITY PRESS Contents List of Abbreviations List of Features How to use the Book How to use the Online Resource Centre xvii XXI XXVI
More informationJohns Hopkins University Fall APPLIED ECONOMICS Regional Economics
Johns Hopkins University Fall 2017 Applied Economics Sally Kwak APPLIED ECONOMICS 440.666 Regional Economics In this course, we will develop a coherent framework of theories and models in the field of
More informationAdvanced Economic Growth: Lecture 8, Technology Di usion, Trade and Interdependencies: Di usion of Technology
Advanced Economic Growth: Lecture 8, Technology Di usion, Trade and Interdependencies: Di usion of Technology Daron Acemoglu MIT October 3, 2007 Daron Acemoglu (MIT) Advanced Growth Lecture 8 October 3,
More informationGrade 5: Social Studies Practices
Grade 5: Social Studies Practices A. Gathering and Using Evidence 1. Develop questions to help identify evidence about topics related to the historical events occurring in the Western Hemisphere that can
More informationNature s Art Village
Nature s Art Village Educational Field Trip Programs Guide To: College, Career & Civic Life C3 Framework For Social Studies State Standards Grades 3 through 5 All That Glitters Children journey back in
More information14.05: Section Handout #1 Solow Model
14.05: Section Handout #1 Solow Model TA: Jose Tessada September 16, 2005 Today we will review the basic elements of the Solow model. Be prepared to ask any questions you may have about the derivation
More informationSolow Growth Model. Michael Bar. February 28, Introduction Some facts about modern growth Questions... 4
Solow Growth Model Michael Bar February 28, 208 Contents Introduction 2. Some facts about modern growth........................ 3.2 Questions..................................... 4 2 The Solow Model 5
More informationFRQ 1 As a country economically develops, the employment mix for various sectors of the economy changes.
AP Human Geography Unit VI. Industrialization and Economic Development Free Response Questions FRQ 1 As a country economically develops, the employment mix for various sectors of the economy changes. A)
More informationEconomics 270c Graduate Development Economics. Professor Ted Miguel Department of Economics University of California, Berkeley
Economics 270c Graduate Development Economics Professor Ted Miguel Department of Economics University of California, Berkeley Economics 270c Graduate Development Economics Lecture 2 January 27, 2009 Lecture
More informationOn Returns to Scale Assumption in Endogenous Growth
International Journal of Sciences: Basic and Applied Research (IJSBAR) ISSN 2307-453 (Print & Online) http://gssrr.org/index.php?journaljournalofbasicandapplied ---------------------------------------------------------------------------------------------------------------------------
More informationDublin City Schools Social Studies Graded Course of Study Grade 5 K-12 Social Studies Vision
K-12 Social Studies Vision The Dublin City Schools K-12 Social Studies Education will provide many learning opportunities that will help students to: develop thinking as educated citizens who seek to understand
More information11.481J / 1.284J / ESD.192J Analyzing and Accounting for Regional Economic Growth Spring 2009
MIT OpenCourseWare http://ocw.mit.edu 11.481J / 1.284J / ESD.192J Analyzing and Accounting for Regional Economic Growth Spring 2009 For information about citing these materials or our Terms of Use, visit:
More informationLecture I. What is Quantitative Macroeconomics?
Lecture I What is Quantitative Macroeconomics? Gianluca Violante New York University Quantitative Macroeconomics G. Violante, What is Quantitative Macro? p. 1 /11 Qualitative economics Qualitative analysis:
More informationExpanding Variety Models
Expanding Variety Models Yin-Chi Wang The Chinese University of Hong Kong November, 2012 References: Acemoglu (2009) ch13 Introduction R&D and technology adoption are purposeful activities The simplest
More informationAP HUG REVIEW WELCOME TO 2 ND SEMESTER! Annette Parkhurst, M.Ed. January, 2015
AP HUG REVIEW WELCOME TO 2 ND SEMESTER! Annette Parkhurst, M.Ed. January, 2015 Movement Globalization Latitude & Elevation Levels of Economic Activities CONNECTIONS Human Geography Human is the geography
More informationEconomic Growth: Lectures 9 and 10, Endogenous Technological Change
14.452 Economic Growth: Lectures 9 and 10, Endogenous Technological Change Daron Acemoglu MIT Nov. 29 and Dec. 4 Daron Acemoglu (MIT) Economic Growth Lectures 9 and 10 Nov. 29 and Dec. 4 1 / 73 Endogenous
More informationEconomic Growth: Lecture 7, Overlapping Generations
14.452 Economic Growth: Lecture 7, Overlapping Generations Daron Acemoglu MIT November 17, 2009. Daron Acemoglu (MIT) Economic Growth Lecture 7 November 17, 2009. 1 / 54 Growth with Overlapping Generations
More informationUNIVERSITY OF NAIROBI COLLEGE OF HUMANITIES AND SOCIAL SCIENCES FACULTY OF ARTS & SCHOOL OF PHYSICAL SCIENCES
UNIVERSITY OF NAIROBI COLLEGE OF HUMANITIES AND SOCIAL SCIENCES FACULTY OF ARTS & SCHOOL OF PHYSICAL SCIENCES Department of Geography and Environmental Studies TEACHING MODULE CGP/SGP 321: ECONOMIC GEOGRAPHY
More informationMaster 2 Macro I. Lecture 8 : Empirical studies of convergence
2012-2013 Master 2 Macro I Lecture 8 : Empirical studies of convergence Franck Portier (based on Gilles Saint-Paul lecture notes) franck.portier@tse-fr.eu Toulouse School of Economics Version 1.1 14/10/2012
More informationReading for Information Grade 2 Correlations to Idaho Content Standards
Science Life Science Physical Science Grade 2 Leveled Plants Live and Grow Plants: Alive and Growing Plants: Living and Growing It Takes Force Making Things Move Facts about Force Grade 2 Correlations
More informationUnit Two: Development & Globalization
Unit Objectives Unit Two: Development & Globalization Students gain an understanding of the definitions of and differences in less economically developed countries and more economically developed countries
More informationThursday April 24 th. Roots of Divergence and. Convergence
Thursday April 24 th Roots of Divergence and Convergence First, a little bit of review Here s a labor market without restrictions on mobility 3 And here s a labor market with such restrictions 4 Over the
More informationGlobal Studies at Benedictine University
Global Studies at Benedictine University Why major in Global Studies at Benedictine University? When you choose to major in Global Studies at Benedictine University, you will learn: The social, economic,
More informationProductivity Differences Within and Between Countries
Productivity Differences Within and Between Countries Melissa Dell MIT OECD Lagging Regions Meeting, June 2010 Dell (MIT) Productivity Differences OECD Lagging Regions 1 / 21 Motivation Introduction and
More informationMarkov Perfect Equilibria in the Ramsey Model
Markov Perfect Equilibria in the Ramsey Model Paul Pichler and Gerhard Sorger This Version: February 2006 Abstract We study the Ramsey (1928) model under the assumption that households act strategically.
More informationGeography and Growth: The New Economic Geography (NEG) Perspective
Geography and Growth: The New Economic Geography (NEG) Perspective Harry Garretsen DIMETIC Summer School, 30-6-2009, Pecs Nice timing for this lecture.. Right after Ron Boschma s lecture: is there life
More informationEconomics 210B Due: September 16, Problem Set 10. s.t. k t+1 = R(k t c t ) for all t 0, and k 0 given, lim. and
Economics 210B Due: September 16, 2010 Problem 1: Constant returns to saving Consider the following problem. c0,k1,c1,k2,... β t Problem Set 10 1 α c1 α t s.t. k t+1 = R(k t c t ) for all t 0, and k 0
More informationLecture 2: Intermediate macroeconomics, autumn Lars Calmfors
Lecture 2: Intermediate macroeconomics, autumn 2009 Lars Calmfors 1 Topics Production Labour productivity and economic growth The Solow Model Endogenous growth Long-run effects of the current recession
More informationTHE SOLOW-SWAN MODEL WITH A NEGATIVE LABOR GROWTH RATE
Journal of Mathematical Sciences: Advances and Applications Volume 9, Number /,, Pages 9-38 THE SOLOW-SWAN MODEL WITH A NEGATIVE LABOR GROWTH RATE School of Economic Mathematics Southwestern University
More informationAdvanced Macroeconomics
Advanced Macroeconomics The Ramsey Model Marcin Kolasa Warsaw School of Economics Marcin Kolasa (WSE) Ad. Macro - Ramsey model 1 / 30 Introduction Authors: Frank Ramsey (1928), David Cass (1965) and Tjalling
More informationA Correlation of. Eastern Hemisphere. Ohio s Learning Standards Social Studies: K-12 Grade 6
A Correlation of Eastern Hemisphere To Grade 6 to,, Grade 6 Introduction This document demonstrates how, Eastern Hemisphere, Ohio Edition, meets : K-12 Social Studies for Grade 6. Correlation page references
More informationThe Dynamic Effect of Openness on Income Distribution and Long-Run Equilibrium
The Dynamic Effect of Openness on Income Distribution and Long-Run Equilibrium Tatsuya ASAMI Graduate School of Economics, Kobe University (D1) azutotatsu@gmail.com The Japan Society of International Economics
More informationSocial Studies Framework K-12 ( ) 1
RIVERVIEW SCHOOL DISTRICT NO. 407 STRAND CIVICS (GOVERNMENT) ECONOMICS HISTORY GEOGRAPHY Grade K Me & My Community Working together Purpose of rules Being a community contributor Compare/contrast needs
More information