Growth

Stylized Facts Solow Model Growth Accounting Endogenous Growth

In essense the question of growth is nothing new but a new disguise for an age-old issue, one which has always intrigued and preoccupied economics: the present versus the future.

— James Tobin

Economics 302: Macroeconomic Analysis

Solow-Swan (Exogenous) Growth Model

Background:

Blanchard, chapter 10 (pp. 214–219); chapter 11 (pp. 223–239, 245–246); chapter 12 (pp. 248–254).

Analysis:

Mankiw, N. Gregory. "The Growth of Nations," Brookings Papers on Economic Activity, Vol. 1995, No. 1, pp. 275–310. (Note: Read this article for economic content; we'll review the relevant math in lecture.)

In The News:

Cooper, Richard. "America is Saving Quite Enough," Financial Times editorial, February 19, 2004.
Spence, Michael. "Why China Grows So Fast," Wall Street Journal commentary, January 23, 2007.

Going Further:

Mankiw, N. Gregory, David Romer, and David N. Weil. "A Contribution to the Empirics of Economic Growth," Quarterly Journal of Economics, v. 107, n. 2, (May 1992), pp. 407-437.
Interview with Robert Solow, The Region, Federal Reserve Bank of Minneapolis, September 2002.