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Created 1998-05-12
Modified 1999-01-15
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J. Bradford DeLong
delong@econ.berkeley.edu
http://www.j-bradford-delong.net/
Course Meeting: W 2-4 in 81 Evans
Instructor's Office Hours: T 9:30-11:00 or by appointment (e-mail delong@econ.berkeley.edu)
Course Purpose: To survey and evaluate economic perspectives on long-run growth, and to prepare economics graduate students to do research in and write dissertations on the subject of economic growth. To do so you need a heavy exposure--which this course will try to provide--to economic history and economic theory.
But you need more. You need to learn what kinds of things the research community thinks are interesting. You need to know fashion ass well. To that end the readings will be drawn very heavily from recently-completed papers in the literature: the best way to start figuring out how to write a paper that the research community will think is interesting is to start reading papers that the research community thinks are interesting. And to that end the sole requirement for this course is for students to write a paper in the field of economic growth--of 5,000+ words--and to present it to the class at the end of April.
The course will try to maintain the proper balance of history, theory, and fashion.
Course Prerequisites: Successful completion of Economics 202a and Economics 202b.
Week 1: Introduction (January 20)
- Philippe Aghion and Peter Howitt (1998), Endogenous Growth Theory (Cambridge: MIT Press: 0262011662), pp. 1-43.
- David Landes (1998), The Wealth and Poverty of Nations (New York: Norton: 0393040178), pp. xvi-xxi, 17-59, 137-49, 168-85.
Week 2: Was an Industrial Revolution Inevitable? (January 27)
- Michael Kremer, "Population Growth and Technological Change: One Million B.C. to 1990," Quarterly Journal of Economics 108 (August 1993), pp. 681-716.
- Oded Galor and David Weil (1998), "Population, Technology, and Growth: From the Malthusian Regime to the Demographic Transition," NBER Wkg. Paper #6811.
- Jared Diamond (1997), Guns, Germs, and Steel (New York: Norton, 0393038912), pp. 13-264.
Week 3: Was the Industrial Revolution Inevitable? (February 3)
- J. Bradford DeLong and Andrei Shleifer (1993), "Princes and Merchants: City Growth Before the Industrial Revolution," Journal of Law and Economics 36 (October 1993), pp. 671-702.
- Louis Hunter (1943), "The Invention of the Western Steamboat," Journal of Economic History.
- Richard Sullivan (1990), "The Revolution of Ideas: Widespread Patenting and Invention during the English Industrial Revolution," Journal of Economic History.
- David Landes (1998), The Wealth and Poverty of Nations (New York: Norton: 0393040178), pp. 186-265.
- Jared Diamond (1997), Guns, Germs, and Steel (New York: Norton: 0393038912), pp. 265-92.
Week 4: How Fast Is Modern Economic Growth? (February 10)
- Robert Barro (1998), "Notes on Growth Accounting," NBER Wkg. Paper #6654.
Week 5: Theories (February 17)
- Philippe Aghion and Peter Howitt (1998), Endogenous Growth Theory (Cambridge: MIT Press: 0262011662), pp. 53-121.
Week 6: Patterns of Growth (February 24)
- N. Gregory Mankiw, David Romer, and David Weil (1992), "A Contribution to the Empirics of Economic Growth," Quarterly Journal of Economics.
- Robert Barro (1996), "Determinants of Economic Growth," NBER Wkg. Paper #5698.
- Xavier Sala-i-Martin (1997), "I Just Ran Four Million Regressions," NBER Wkg. Paper #6252.
- Philippe Aghion and Peter Howitt (1998), Endogenous Growth Theory (Cambridge: MIT Press: 0262011662), pp. 327-56.
Week 7: Case Studies: Getting It Wrong (March 3)
- Alan Taylor (1994), "Three Phases of Argentine Economic Growth," NBER Hist. Wkg. Paper #60.
- Dani Rodrik (1998), "Where Did All the Growth Go?: External Shocks, Social Conflict, and Growth Collapses."
- IBRD (1999), World Development Report 1988-99 (New York: Oxford University Press: 0195211189), pp. 178-248.
Week 8: Case Studies: Getting It Right (March 10)
- Dani Rodrik (1994), "Getting Interventions Right: How South Korea and Taiwan Grew Rich," Economic Policy 20, pp. 53-101.
- J. Bradford DeLong and Barry Eichengreen (1993), "The Marshall Plan: History's Most Successful Structural Adjustment Programme," in Rüdiger Dornbusch, Wilhelm Nölling, and Richard Layard, eds., Postwar Economic Reconstruction and Lessons for the East Today (Cambridge, MA: M.I.T. Press), pp. 189-230.
Week 9: Trade and Growth (March 17)
- Sebastian Edwards (1997), "Openness, Productivity, and Growth: What Do We Really Know?" NBER Wkg. Paper #5978.
- Jeffrey Frankel and David Romer (1996), "Trade and Growth: An Empirical Investigation," NBER Wkg. Paper #5476.
- Philippe Aghion and Peter Howitt (1998), Endogenous Growth Theory (Cambridge: MIT Press: 0262011662), pp. 365-95.
Week 10: Trade in Ideas (March 31)
- Jonathan Eaton and Samuel Kortum (1995), "Engines of Growth: Domestic and Foreign Sources of Innovation," NBER Wkg. Paper #5207
- IBRD (1999), World Development Report 1988-99 (New York: Oxford University Press: 0195211189), pp. 1-70.
Week 11: Politics and Growth (April 7)
- Dani Rodrik (1997), "Democracy and Economic Performance."
- Roland Benabou (1996), "Inequality and Growth," NBER Wkg. Paper #5658.
- Philippe Aghion and Peter Howitt (1998), Endogenous Growth Theory (Cambridge: MIT Press: 0262011662), pp. 279-318.
Week 12: The Productivity of Nations (April 14)
- V.V. Chari, Patrick Kehoe, and Ellen McGrattan (1996), "The Poverty of Nations," NBER Working Paper #5414
- Hall and Jones (1998), "Why Do Some Countries Produce So Much More Output per Worker than Others?," NBER Wkg. Paper #6564.
Week 13: Social Capital (April 21)
- John F. Helliwell (1996), "Economic Growth and Social Capital in Asia," NBER Working Paper #5470.
- Student Presentations
Week 14: "New Empirics" (April 28)
- Steven Durlauf and Danny Quah (1998), "The New Empirics of Economic Growth," NBER Working Paper #6422.
- Student Presentations
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Professor of Economics
J. Bradford DeLong, 601 Evans
University of California at Berkeley; Berkeley, CA 94720-3880
(510) 643-4027 phone (510) 642-6615 fax
delong@econ.berkeley.edu
http://www.j-bradford-delong.net/