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Unformatted text preview: Syllabus: Economic Development II, Ph.D. Course, Spring 2009 Meetings: Wednesday, 1-3pm Professor: William Easterly, Room 705, 19 West 4 th Street, NY NY 10012. Office hours by appointment. The list of readings is more extensive than what will be covered in class. Students will be responsible primarily for what is covered in class. There will be one take home final. Overall texts (not required, for background reading only): Barro, Robert and Xavier Sala-i-Martin Economic Growth , second edition, MIT Press: Cambridge MA 2003 Aghion, P. and S. Durlauf, editors, Handbook of Economic Growth (2 volumes) , North-Holland: Amsterdam, 2005 T. Schultz and John Strauss, editors, Handbook of Development Economics IV , North-Holland, Amsterdam, 2008 Aghion, Philippe and Peter Howitt. The Economics of Growth . Cambridge, MA: MIT Press, 2009. Daron Acemoglu, Introduction to Modern Economic Growth , Princeton University Press, 2008 1. The neoclassical model of development: Factor Accumulation v. Productivity Hsieh, Chang Tai, What Explains the Industrial Revolution in East Asia? Evidence from the Factor Markets, American Economic Review , June 2002. http://www.wws.princeton.edu/~chsieh/aea3.pdf Hsieh, Chang Tai and Peter Klenow, Relative Prices and Relative Prosperity , American Economic Review, 2007, http://www.klenow.com/RPandRP.pdf Easterly, William and Ross Levine, Its not factor accumulation: stylized facts and growth models, World Bank Economic Review , Volume 15, Number 2, 2001 Klenow, Peter and Andres Rodriguez-Clare (1997). The Neoclassical Revival in Growth Economics: Has It Gone Too Far? NBER Macroeconomics Annual 1997 , Volume 12, 73-103. Caselli, F. and J Feyrer The Marginal Product of Capital , The Quarterly Journal of Economics , May 2007, Vol. 122, No. 2, Pages 535-568 1 2. Human Capital and Development: is Education the Secret to Development? Bils, Mark and P. Klenow Does Schooling Cause Growth?, American Economic Review , December 2000, 90(5), pp. 1160-1183. Pritchett, Lant. Does learning to add up add up? The returns to schooling in aggregate data, draft for Handbook of Education Economics , BREAD Working Paper 53, 2004, http://www.cid.harvard.edu/bread/papers/working/053.pdf Weil, David N., Accounting for the Effect of Health on Economic Growth, The Quarterly Journal of Economics , 2007 Hanushek, Eric and Ludger Woessmann, "The Role of Cognitive Skills in Economic Development", Journal of Economic Literature 46(3), September 2008, pp. 607- 668. Hanushek, Eric and Ludger Woessmann, "Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation", NBER Working Paper 14633, January 2009, http://www.nber.org/papers/w14633 3. Endogenous Growth Models: Increasing v. Constant v. Diminishing Returns Ades, Alberto and Edward Glaeser, Evidence on growth, increasing returns, and the extent of the market, Quarterly Journal of Economics , Volume 114 (3), August 1999, pp. 1025-1046.1999, pp....
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- Fall '09