ECON202 Lecture 10: Chapter+6+Outline

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7 Feb 2016
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Chapter 6: The Sources of Growth and the Solow Model
1. Sources of Economic Growth: Growth Accounting
-Growth Accounting Equation
-Growth Accounting in Practice
-Application: U.S. Growth Rates in the Postwar Period
-Cross-Country Di#erences in Growth Accounting Rates
2. A. The Solow Growth Model
- Building Blocks of the Solow Growth Model
(i) Production Function
(ii) Investment Function
(iii) Capital Accumulation
B. Dynamics of the Solow Growth Model
- the Bathtub “Model” of the Steady State
C. Convergence in the Solow Model
- Application: Evidence on Convergence, 1960 -2009
3. Savings Rate Changes in the Solow Model
4. Population Growth in the Solow Model
-Population Growth and the Steady State
- Changes in Population Growth
-Population Growth and Real GDP Per Capita
Policy and Practice: China`s One-Child Policy and Other Policies to Limit
Population Growth
5. Productivity Growth in the Solow Model
- Technology Growth and the Steady State
6. Summing Up the Solow Model
- Solow Model: The Results
- Solow Model: Limitations
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