Makro-Pic Deep Determinants

Tuesdays 10:15-11:45
Room OEC 1.164
First lecture: October 25
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.

12. Nepotism and Schooling Outcomes

Reference: Perez-Alvarez, M., and Strulik, H. (2021). Nepotism, human capital and economic development. Journal of Economic Behavior & Organization, 181, 211-240.