Growth

Stylized Facts Solow Model Growth Accounting Endogenous Growth

Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement: and when experience is not retained, as among savages, infancy is perpetual.

— George Santayana

Economics 302: Macroeconomic Analysis

Endogenous Growth

Background:

Blanchard, chapter 11 (pp. 240–242); chapter 12 (pp. 255–257).

Analysis:

Wolf, Martin. "The Capitalist Growth Machine," Editorial, Financial Times, June 4, 2002.
"Counting Heads," The Economist, August 26, 2004. [PDF version]
"The Growth of Growth Theory," The Economist, May 18, 2006. [PDF version]

In The News:

Wessel, David. "The Connection Between Patents and Prosperity," Wall Street Journal, December 11, 2003.
Bernasek, Anna. "The State of Research Isn't All That Grand," New York Times, September 3, 2006.
Ip, Greg and Mark Whitehouse. "Why Economists Track Firms' R&D," Wall Street Journal, September 29, 2006.
"Patently Wrong," Wall Street Journal, Review & Outlook, February 9, 2007.

Going Further:

Romer, Paul M. "The Origins of Endogenous Growth," The Journal of Economic Perspectives, Vol. 8, No. 1, (Winter 1994), pp. 3–22.
Bernanke, Ben S. and Refet S. Gürkaynak. "Is Growth Exogenous? Taking Mankiw, Romer and Weil Seriously," NBER Macroeconomics Annual, 2001, pp. 11–72.