Master Economics and Public Policy

Economic Growth


Jean-Baptiste Bernard, Pierre Cahuc, Guy Lalanne, Aurélien Poissonnier,  Alessandro Riboni











Acemoglu D. (2008) Introduction to Modern Economic Growth. Princeton U. Press.  Ch 1 (Stlylized Facts), Ch. 2 (Solow), Ch. 3 (Data), and Ch. 4

Hall R. and Jones, C. I. (1999), “Why do some countries produce so much more outputper worker than others?, Quarterly Journal of Economics, February, pp. 83-116.

Lucas R. Jr (1990), Why doesn't capital flow from rich to poor countries?, American Economic Review, 80(2), pp. 92-96

Piketty and Zucman (2014) Capital is back: wealth income ratios in rich countries: 1700: 2010. Quarterly Journal of Economics

Karabarbounis and Neiman, (2014) The Global Decline of the Labor Share," Quarterly Journal of Economics, 129 (2014), 61--103



Lecture 2: Neoclassical Growth Model I.  


Attanasio O. and G. Weber, 2010, Consumption and Saving: Models of Intertemporal Allocation and Their Implications for Public Policy Journal of Economic Literature






You can find an exercise with solutions on the neoclassical growth model  in the Examination of December 2009 

Kaiki Chen, Ayse Imrohoroglu and Selahattin Imrohoroglu (2006), The Japanese saving rate, American Economic Review, 96(5), pp. 1850-1858.







Blundell, R., Bozio, A. and Laroque, G., (2013), “Extensive and intensive margins of labour supply”, Fiscal Studies, 34(1), pp. 1-29.

Chetty R., Guren, A., Manoli, D. and Weber, A. (2011), “Are Micro and Macro Labor Supply Elasticities Consistent? A Review of Evidence on the Intensive and Extensive Margins”, American Economic Review, Papers and Proceedings, 101, pp. 471-475.

Edward Prescott (2004), Why do Americans work so much more than Europeans?, Federal Reserve Bank of Minneapolis Quarterly Review, 28(1) pp. 2–13

Cara McDaniel (2011), Forces Shaping Hours Worked in the OECD, 1960-2004American Economic Journal: Macroeconomics, Vol. 3, No. 4, October, pp. 27-52.





PC5: Technology and Population Growth. Agricultural Productivity and Industrialization.   Solutions


Aghion P. and P. Howitt (2008) The Economics of Growth. MIT Press, Ch. 5 (Growth Accounting) and 10 (Stages of Growth)

Barro R. and X. Sala-i-Martin (2004). Economic Growth Ch. 10

Herrendorf, Rogerson and Valentinyi (2013) Growth and Structural Transformation NBER wpaper

Kremer M. (1993) "Population growth and technological change: one million B.C. to 1990", Quarterly Journal of Economics, August, pp. 681-716

Matsuyama M. (1992), "Agricultural Productivity, Comparative Advantage, and Economic Growth," Journal of Economic Theory December, pages 317-334.

Ngai and Pissarides, (2007). ''Structural Change in a Multisector Model of Growth" American Economic Review  97(1), pp 429-443, March.




Andrew B. Abel, N. Gregory Mankiw, Lawrence H. Summers, Richard J. Zeckhauser (1989), Assessing Dynamic Efficiency: Theory and EvidenceReview of Economic Studies, 56(1), pp. 1-19.

François Geerolf (2013), Reassessing Dynamic Efficiency

Philippe Weil (2008), Overlapping Generations: The First JubileeJournal of Economic Perspectives, 22(4), pp. 115–134.






Barlevy, G. (2007), “Economic theory and asset bubbles”, Federal Reserve Bank of Chicago Economic Perspectives, Q3, pp. 44–-16.

Grossman, G.M and Yanagawa, N. (1993), “Asset bubbles and endogenous growth”, Journal of Monetary Economics, vol. 31, pp. 3-19.






Daron Acemoglu and Joshua Linn, 2004, Market Size in Innovation: Theory and Evidence from the Pharmaceutical Industry, Quarterly Journal of Economics, 119(3), pp. 1049-1090.

Aghion P. and P. Howitt (2008) The Economics of Growth. MIT Press, Ch. 3 

Jones, Charles I. (1995), “R&D-based models of economic growth”, Journal of Political Economy, 103, pp. 759-784.

Charles Jones and John William, 1998, Measuring the Social Return to R&D, Quarterly Journal of Economics, Vol. 113, pp. 1119-1135

Mokyr, Joel (2009), “Intellectual property rights, the industrial revolution, and the beginnings of modern economic growth”, Amercian Economic Review, 99(2), pp. 349-–355.

David Popp, 2002, Induced Innovation and Energy Prices, American Economic Review, vol 92, pp.160-180.

Romer, Paul M. (1990), “Endogenous technological change”, Journal of Political Economy, 98(1), pp. S71-S102.





Aghion, P. and Howitt, P. (1992), “A model of growth through creative destruction”, Econometrica, 60, pp. 383-–396.

Bassanini, A. and P. Marianna (2009), Looking Inside the Perpetual-Motion Machine: Job and Worker Flows in OECD Countries, OECD Social, Employment and Migration Working Papers, No. 95, OECD.

King, R.G. and Levine, R. (1993), “Finance and growth: Schumpeter might be right”, Quarterly Journal of Economics, 108, pp. 717-738.

Levine, R. and Zervos, S. (1998), “Stock markets, banks, and economic growth”, American Economic Review, 88, pp. 537-558.

Pascali, L. (2014), “Banks and Development: Jewish Communities in the Italian renaissance and current economic performance”, Forthcoming, Review of Economics and Statistics.