6470: Economic Growth and Development
ECON 6470 Growth & Devel Course Syllabus
Welcome to Econ 6470. Here is the Fall 2020 Syllabus This page links you to the up to date and frequently updated course calendar with links to lecture notes and assignments. Growth and Development Books Fall 2020
Confirm appointments: mcleod@fordham.edu the day of and the day before. Office: Dealy E527 Webex Makeup Class
We are so fortunate our alumni including Marcelo La Fleur (UNDP DESA) and Senior Economists Elitza Mileva and Maria Davalos. Dr Mileva defended her 2017 6.4% Growth forecast for China (the actual rate was 6.6% see her WB report) Maria presented the results of an extremely interesting and data intensive study of migration from Africa to Europe…
As you know two growth and development economists share the 2018 the Nobel Prize, Paul Romer and William Nordhaus (see the DICE vs. the IAMs model below). As it happens Mechry Etolba and I were in Paul Romer’s office more or less the day he was fired (whose mistake was that?). To be fair, Romer admits he fouled up in questioning the Doing Business indicators (by far the World Bank-IFC’s most famous indicators). Many well informed economists see corruption behind every claim and/or government decision. Corruption and violence are certainly serious problems, but just look at the history of New York or Illinois (even recent history…).
WSJ Cashews gif This created the “Elephant” growth incidence curve, certainly a welcome sight for development economists, and see Baldwin’s the Great Convergence, value chains driven by costless flows of information and tight immigration.
Growth Models to Development Strategies
Mexico’s Paradox (Demand side Poverty Traps?)
Who won NAFTA 2.0 negotiations? See the bottom of this page for the most watched development videos ever (the President of Ghana has stolen the crown from the FT’s Lewis turning point) The Facts of Economic Growth
Here is Chapter 2 of Aghion and Howitt posted at Brown University.
Did it’s new leader Change Ethiopia? Social Europe: Living wages in global supply chains.
“grand pursuit” … PWt 9.0 TFP Data WEO April 2018 Barro & Sala-i-Martin Chapter 2 see p 64 Jones 2nd ed Chapter 5 Do Insitutions Cause Growth Jones 2nd ed Chapter 8
World Bank Human Capital Index Middle class now 1/2 of world population Max Roser What do do when extreme poverty reaches 5%?
Cashews in Vietnam (text video left) Ortega and Peri, 2014
Building an IAMS vs. The DICE Model
WB Gender and Economic Growth
Lectures: See 2020 Syllabus
Assignments/handouts labor share debate mankiw on r>g
Russia Demographics and Growth Jones Population Growth slides
Other topical books and references
Longer video on China’s demographic shift (15 minutes)
Ethiopia’s Great Run WB Facebook video
Course related videos: China at a Lewis Turning Point? (3 minute summary…) IMF F&D on the same Topic
Ghanaian President Shocks French President With Brave Speech
3.440M views as of December 2017 President Macron of France & President Akufo-Addo of Ghana at a joint press conference #africanleadershipseries #africanspeeches #speeches We want to build a Ghana beyond Aid
Lewis Turning Point Video(thank you FT, but why not make it public?)
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Ethiopia’s Great Run
Is Africa the next China? Economist video April 7th 2020