Advanced Development Economics: Macro Aspects
Date and Room: July 10-11 (Oec 1.134), 13 (Oec 0.169), 17 (Oec 1.162), 19-20 (Oec 1.162)
Time: 14:15-17:45
Lecture number: 801162
The course is built on original journal articles. Introductory text: David Weil (2009) Economic Growth, Cambridge MA
Course material for participants is available at the course material webpage.
Course Plan
Theme 1: Governance
1. Introduction: How Government Affects Growth
Reference: Weil Chapter 12.
2. Resistance to Policy Reforms
References: Raquel Fernandez and Dani Rodrik, 1991, Resistance to Reform:
Status Quo Bias in the Presence of Individual-Specific Uncertainty, American
Economic Review 81, 1146-1155.
Daron Acemoglu and James A. Robinson, 2000, Political Losers as a Barrier to
Economic Development, American Economic Review 90, Papers and Proceedings,
126-130.
3. Corruption
References: Aidt, T., 2003, Economic Analysis of Corruption: A Survey
Economic Journal 113, 632-651.
Shleifer, A. and Vishny, R.W., 1993, Corruption, Quarterly Journal of Economics 108, 599--617.
Theme 2: Property Rights
4. Property Rights and Development
References: Lindner, I. and H. Strulik, 2008. Social Fractionalization,
Endogenous Appropriation Norms, and Economic Development. Economica 75, 244-258.
Easterly, W. and R. Levine, 1997, Africa′s Growth Tragedy, Quarterly
Journal of Economics 112, 1203-1250.
5. Parasitic Enterprises and the Allocation of Talent
References: Mehlum et al., 2003, Predator or Prey? Parasitic Enterprises in Economic Development, European Economic Review 47, 275-294.
Theme 3: Inequality
6. Introduction: How Inequality Affects Growth
Reference: Weil Chapter 13.
7. Inequality, Education, and Macroeconomic Performance
Reference: Galor, O., and J. Zeira, 1993, Income Distribution and Macroeconomics, Review of Economic Studies 60,35-52.
Theme 4: Institutional Change
8. Institutions: Introduction
Reference: Acemoglu D. and J. A. Robinson, 2005, Institutions as the Fundamental Cause of Long-Run Growth, Handbook of Economic Growth.
9. Dictatorship, Democratization, and Revolutions
Reference: Reference: Acemoglu, D. and J.A. Robinson, 2005, Economic Origins of Dictatorship and Democracy, Cambridge University Press, Chapter 4 and 5.
Theme 5: Culture
10. Culture, Cultural Evolution, and Economic Development
Reference: Weil, Chapter 14.
Becker, S.O. and L. Woessmann 2009, Was Weber Wrong? A Human Capital Theory of Protestant Economic History,
Quarterly Journal of Economics 124, 531-596.
Bisin, A. and T. Verdier, 2001, The Economics of Cultural Transmission and
the Dynamics of Preferences, Journal of Economic Theory 97, 298-319.
11. Social Capital and Trust
References: Tabellini, G., 2008, The Scope of Cooperation: Values and Incentives,
Quarterly Journal of Economic 123, 905-950.
Tabellini, G., 2010, Culture and institutions: economic development in the regions of Europe,
Journal of the European Economic Association 8, 677-716.