Examines theoretical and empirical aspects of economic growth and development, with emphasis on the role of institutions and human capital.
This paper covers theories and evidence relating to the determinants of economic growth and development. The paper reviews neoclassical growth theories examining the accumulation of inputs, including the Overlapping Generations Model and the Ramsey-Cass-Koopmans Model, and theories that examine the 'endogenous' development and transfer of technology. The paper also examines the institutional roots of economic growth and analyses alternative empirical models and experiments that have been used to test hypotheses about the determinants of economic growth and development arising from the theoretical literature.
|Paper title||Growth, Institutions and Development|
|Teaching period||Not offered in 2020, expected to be offered in 2021|
|Domestic Tuition Fees (NZD)||$1,101.55|
|International Tuition Fees (NZD)||$5,026.17|
- ECON 375 and ECON 377
- ECON 428
- Recommended Preparation
- ECON 376
- More information link
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- Teaching staff
- Various readings will be advised.
- Graduate Attributes Emphasised
- Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship,
Communication, Critical thinking, Information literacy, Research, Self-motivation.
View more information about Otago's graduate attributes.
- Learning Outcomes
- Upon successful completion of this paper, you should be able to:
- Manipulate standard growth models and appreciate their policy implications
- Read and critically assess recent empirical and experimental work in economic growth and development