- To bring a student to date on the frontiers of the subject, the course introduces all the major growth paradigms (neoclassical, AK, product-variety, and Schumpeterian), with a focus on innovation-based, or “Schumpeterian” growth theory, and then shows how these paradigms can be used to analyze various aspects of the growth process and to think about the design of growth policy.
- Understand the principles of growth model building
- Know basic neoclassical and endogenous growth models, growth “stylized facts” and puzzles, four growth paradigms.
- Know the most recent contributions and debates on growth.
- Be able to modify basic growth models.
- Be able to analyze, evaluate and estimate policy implications.
- The data and neoclassical growtha. Introduction to the growth theory b. Neoclassical growth models
- Models of endogenous technological changea. The first wave of (AK) endogenous growth models b. The second wave of endogenous (innovation-based) growth theory i. Horizontal innovations ii. Vertical innovations. The Shumpeterian model
- Evaluating growth models
- Finance and growth
- Technology transfer and cross-country convergence
- Growth, technology and inequality
- Growth and developmenta. Stages of growth b. Institutions and nonconvergence traps
- Policy lessonsa. Competition policy and growth b. Investing in education c. Liberalizing trade d. Growth in space and migration e. Redistributive institutions and innovation f. Growth and environment policy
- In-class tests and class participation
- Home assignment
- 2-hour written testThe duration of the final exam is two academic hours. The examination is conducted in writing using synchronous proctoring. The exam is conducted on the online HSE Moodle platform (https://hse.student.examus.net). You must connect to the exam 15 minutes before the start. On the Examus platform, system testing is available. Student's computer must meet the requirements: (https://elearning.hse.ru/data/2020/05/07/1544135594/Технические%20требования%20к%20ПК%20студента.pdf) To participate in the exam, the student must: go to the proctoring platform in advance, conduct a system test, turn on the camera and microphone, and verify identity. During the exam, students are prohibited from: communicating (on social networks, with people in the room), writing off. During the exam, students are allowed to: use A4 sheets. The completed task must be photographed or scanned and downloaded to the Moodle system. Click the Finish Exam button to successfully save your answer. A short-term communication disruption during the exam is considered interruption of communication up to 10 minutes. A long-term communication disorder during an exam is considered to be a communication interruption of 10 minutes or more. In case of a long-term communication disruption, the student cannot continue to participate in the exam. The transfer procedure is similar to the surrender procedure.
- Interim assessment (4 module)0.6 * 2-hour written test + 0.2 * Home assignment + 0.2 * In-class tests and class participation
- Kim, T.-Y., & Heshmati, A. (2014). Economic Growth : The New Perspectives for Theory and Policy. Berlin, Heidelberg: Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=670544
- Weil, D. N. (2016). Economic Growth : International Edition (Vol. Third edition). Abingdon, Oxon: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1244212