January 2010

 

ECONM3002

Growth, Trade and Structural Change

 

Reading List

 

This is the reading list for the 2010 MSc course on Growth, Trade and Structural Change. The course will aim to provide you with

 

 

Readings marked (*) are especially useful and the essential ones are marked (**). Especially difficult, but worthwhile, articles are marked (+) and should only be read after the more basic readings.

 

This is a long reading list and you shouldn’t try to read everything. The best strategy would be to start with the introductory reading and find books that suit your tastes. Please note that in the case of books, I have usually specified a particular chapter or set of pages.

 

You should pay especial attention to the sections of the readings that will help you to analyze and think about growth in a structured way. These sections will generally be those that make use of formal models, particular diagrams, or statistical evidence.

 

The online version of the reading list, available via Blackboard, contains links to PDFs for many of the journal articles listed below. Alternatively, you can find them via the “Electronic Journals” section of the library website, starting from this address:

http://www.bris.ac.uk/is/

 

Other readings are usually available in the Library, but some copies may be in the short loan collection (SLC) or perhaps available only via the issue desk (SLC ID).


Introductory reading

 

This first section covers reading materials that will be especially useful if you have little prior training in economics.

 

If you have a less strong background in economics, you might want to start by concentrating on the textbooks by Jones and Weil, before turning to Helpman and Easterly. You should read these books before turning to the key references (marked as **) on the main reading list.

 

(*) Cohen, Daniel (2006). Globalization and its Enemies. MIT Press, Cambridge, MA. [HF1359 COH]

 

(*) Durlauf, Steven N. and Blume, Lawrence E. (2009). Economic Growth. Palgrave Macmillan. Entry on “Economic Growth”. [On order]

 

(*) Easterly, William (2001). The Elusive Quest for Growth. MIT Press, Cambridge, MA. Chapters 1, 3-5. [HC 59.72.P6 EAS]

 

Gylfason, Thorvaldur (1999). Principles Of Economic Growth. OUP, Oxford. Chapters 1-3. [HD 75 GYL]

 

(**) Helpman, Elhanan (2004). The Mystery of Economic Growth. Belknap, Harvard University Press, Cambridge MA. Chapters 1-4. [HD 82 HEL]

 

(*) Jones, Charles I. (1998 or 2002). An Introduction to Economic Growth. (1st or 2nd edition.) Norton. Chapters 1-3, 7. [HD 82 JON]

 

(*) Ray, Debraj (1998). Development Economics. Princeton University Press, Princeton. Chapters 3 and 4. [HD 75 RAY]

 

(*) Todaro, Michael P. and Smith, Stephen C. (2005). Economic

Development (9th edition) Chapter 4. [SLC HD 82 TOD]

 

(**) Weil, David N. (2005 or 2009). Economic Growth. Chapters 1-3. [HD82 WEI]

 

 

Lecture 1: Introduction and overview

 

Start with some of the introductory reading above, and then look at:

 

(*) Cohen, Daniel (2006). Globalization and its Enemies. MIT Press, Cambridge, MA. [HF1359 COH]

 

(**) Durlauf, Steven N. and Paul A. Johnson (2008). Economic growth, empirical regularities in In Steven N. Durlauf and Lawrence E. Blume (eds.) The New Palgrave Dictionary of Economics, Second Edition. Palgrave Macmillan, 2008 [Online - Metalib] or in Durlauf and Blume, Economic Growth [On order]

 

(*) Easterly, William (2001). The Elusive Quest For Growth. MIT Press, Cambridge, MA. Chapters 1, 3-5. [HC 59.72.P6 EAS]

 

(**) Helpman, E. (2004). The Mystery Of Economic Growth. Belknap, Harvard University Press, Cambridge MA. Chapters 1-3. [HD 82 HEL]

 

Rodrik, Dani (2003). In Search Of Prosperity: Analytic Narratives On Economic Growth. Princeton University Press, Princeton. Chapter 1. [HD 73 INS]

 

(*) Sorensen, Peter Birch and Whitta-Jacobsen, Hans Jorgen (2005). Introducing Advanced Macroeconomics. Chapter 2. [HB 172.5. SOR]

 

(**) Weil, David N. (2005 or 2009). Economic Growth. Chapters 1, 2 [HD 82 WEI]

 

 

Lecture 2: The Solow Model; Convergence

 

(*) Barro, R. J. and Sala-i-Martin, X. (2004). Economic Growth (2nd edition.) MIT Press, Cambridge MA. Chapter 1. [HD 82 BAR]

 

Burda, M. and Wyplosz, C. (1997). Macroeconomics: a European text. OUP.

Chapter 5 of the second edition [HB 172.5 BUR] or Chapter 3 of the fourth

edition.

 

(*) Carlin, W. and Soskice, D. (2006). Macroeconomics: imperfections, institutions, and policies. OUP, Oxford. Chapter 13. [HB 172.5 CAR]

 

(**) Durlauf, Steven N. and Paul A. Johnson (2008). Convergence. In Steven N. Durlauf and Lawrence E. Blume (eds.) The New Palgrave Dictionary of Economics.

Second Edition. Palgrave Macmillan, 2008. [Metalib] or in Durlauf and Blume, Economic Growth [On order]

 

(+) Galor, Oded (1996). Convergence? Inferences from Theoretical Models. Economic Journal, 106(437): 1056-69 [electronic journals]

 

(+) Heijdra, B. J. and van der Ploeg, F. (2002). Foundations of Modern Macroeconomics. OUP. Chapter 14. [HB 172.5 HEI]

 

(*) Jones, Charles I. (1998 or 2002). An Introduction To Economic Growth. (1st or 2nd edition.) Norton. Chapters 2, 3. [HD 82 JON]

 

(*) Mankiw, N. Gregory (1995). The growth of nations. Brookings Papers on Economic Activity, 1, 275-310. [electronic journals]

 

(**) Mankiw, N. G., Romer, D. and Weil, D. N. (1992). A contribution to the empirics of economic growth. Quarterly Journal of Economics, 107(2), 407-437 [electronic journals]

 

(+) Obstfeld, M. and Rogoff, K. (1996). Foundations of International Macroeconomics. MIT Press, Cambridge MA. Chapter 7. [HF 1359 OBS]

 

(**) Romer, David (2001). Advanced macroeconomics (2nd edition.) Chapters 1, 3B [HB 172.5 ROM]

 

(*) Sorensen, Peter Birch and Whitta-Jacobsen, Hans Jorgen (2005). Introducing Advanced Macroeconomics. Chapters 3 and 5. [HB 172.5. SOR]

 

(**) Weil, David N. (2005 or 2009). Economic growth. Chapters 3, 8 [HD82 WEI]

 

 

Lecture 3: Investigating Growth

 

(**) Aghion, Philippe and Howitt, Peter (2009). The Economics of Growth. MIT Press. Chapter 5. [HD82 AGH]

 

(+) Barro, R. J. (1999). Notes on Growth Accounting Journal of Economic Growth, 4(2): 119-37 [electronic journals]

 

(*) Barro, R. J. and Sala-i-Martin, X. (2004). Economic Growth (2nd edition.) MIT Press, Cambridge MA. Chapter 10. [HD 82 BAR]

 

(+) Bernard, Andrew B. and Jones, Charles I. (1996). Technology and Convergence. Economic Journal, 106(437): 1037-44 [electronic journals]

 

Bosworth, B. and Collins, S. (2008). Accounting for Growth: Comparing China and India. Journal of Economic Perspectives, 22(1), 45-66. [electronic journals]

 

(**) Caselli, Francesco (2008). Growth accounting. In Steven N. Durlauf and Lawrence E. Blume (eds.) The New Palgrave Dictionary of Economics. Second Edition, Palgrave Macmillan, 2008. [Metalib] or in Durlauf and Blume, Economic Growth [On order]

 

(**) Caselli, Francesco (2008). Level accounting. In Steven N. Durlauf and Lawrence E. Blume (eds.) The New Palgrave Dictionary of Economics. Second Edition, Palgrave Macmillan, 2008. [Metalib]

 

Crafts, Nicholas (1999). Economic growth in the twentieth century. Oxford Review of Economic Policy, 15(4), Winter, 18-34. [Electronic journals]

 

Easterly, W. and Levine, R. (2001). It’s not factor accumulation: stylized facts and growth models. World Bank Economic Review, 15(2), 177-219 [SLC ID 2136]

 

(**) Hall, R. E. and Jones, C. I. (1999). Why do some countries produce so much more output per worker than others? Quarterly Journal of Economics, 114(1), 83-116 [electronic journals]

 

(*) Helpman, E. (2004). The Mystery of Economic Growth. Belknap, Harvard University Press, Cambridge MA. Chapters 1-4. [HD 82 HEL]

 

(*) Jones, Charles I. (1998 or 2002). An Introduction to Economic Growth. (1st or 2nd edition.) Norton. Chapter 2. [HD 82 JON]

 

(**) Weil, David (2005 or 2009). Economic Growth. Chapter 7. [HD82 WEI]

 

 

Lecture 4: Growth Econometrics: Methods and Findings

 

(*) Barro, R. J. and Sala-i-Martin, X. (2004). Economic Growth (2nd edition.) MIT Press, Cambridge MA. Chapter 12. [HD 82 BAR]

 

(+) Durlauf, S. N., Johnson, P. A., and Temple, J. R. W. (2005). Growth econometrics In P. Aghion and S. N. Durlauf (eds.) Handbook of Economic Growth, Volume 1A, North-Holland: Amsterdam, 2005, pp. 555-677 [HD 75.5 HAN and online]

 

Easterly, William (2001). The Elusive Quest for Growth. MIT Press, Cambridge, MA. Chapters 8-14. [HC 59.72.P6 EAS]

 

Gylfason, Thorvaldur (1999). Principles of Economic Growth. OUP, Oxford. Chapters 4, 5. [HD 75 GYL]

 

(*) Levine, Ross and Renelt, David (1992). A sensitivity analysis of cross-country growth regressions American Economic Review, 82(4), 942-963 [electronic journals]

 

(**) Temple, Jonathan (1999). The new growth evidence Journal of Economic Literature, March, 37(1), 112-156. [electronic journals; also available at issue desk as SLC ID 1592]

 

(**) Wacziarg, Romain (2002). Review of Easterly's “The Elusive Quest for Growth” Journal of Economic Literature, September, 40(3), 907-918 [electronic journals]

 

 

Lecture 5: Institutions and Political Economy

 

(*) Acemoglu, Daron (2008). Growth and institutions. In Steven N. Durlauf and Lawrence E. Blume (eds.) The New Palgrave Dictionary of Economics. Second Edition. Palgrave Macmillan, 2008. [Metalib] or in Durlauf and Blume, Economic Growth [On order]

 

(+) Acemoglu, Daron, Johnson, Simon and Robinson, James A. (2001). The Colonial Origins of Comparative Development: An Empirical Investigation American Economic Review, 91(5), 1369-1401 (only read after Hall and Jones, below) [electronic journals]

 

(+) Acemoglu, Daron, Johnson, Simon and Robinson, James A. (2005). Institutions as a fundamental cause of long-run growth. In P. Aghion and S. N. Durlauf (eds.) Handbook of Economic Growth, Volume 1A, North-Holland: Amsterdam, 2005, pp. 385-472 [HD75.5 HAN]

 

(+) Alesina, A. and Perotti, Roberto (1994). The political economy of growth: a critical survey of the recent literature.  World Bank Economic Review, 8(3), 351-371. [Or ask at issue desk - SLC ID 2135]

 

(+) Almeida, H. and D. Ferreira (2002). Democracy and the variability of economic performance. Economics and Politics, 14(3), 225-257 [electronic journals]

 

Aron, Janine (2000). Growth and institutions: a review of the evidence. World Bank Research Observer, 15(1), 99-135. [electronic journals]

 

Banerjee, A., Benabou, R. and Mookherjee, D. (2006). Understanding Poverty. OUP, Chapters 2 and 3. [HC 79.P6 UND]

 

(**) Dixit, Avinash (2008). Economic Governance in The New Palgrave Dictionary of Economics (Second Edition), Steven N. Durlauf and Lawrence E. Blume (eds.), Palgrave Macmillan, 2008. [Metalib]

 

(**) Hall, R. E. and Jones, C. I. (1999). Why do some countries produce so much more output per worker than others? Quarterly Journal of Economics, 114(1), 83-116 [electronic journals]

 

(**) Helpman, Elhanan (2004). The Mystery of Economic Growth. Belknap, Harvard University Press, Cambridge MA. Chapter 7. [HD 82 HEL]

 

(*) Mauro, Paolo (1995). Corruption and growth Quarterly Journal of Economics, 110(3), August, 681-712 [electronic journals]

 

Rodrik, Dani (1999). Where did all the growth go? External shocks, social conflict and growth collapses. Journal of Economic Growth, December, 4(4), 385-412 [electronic journals]

 

Romer, David (2001). Advanced Macroeconomics (2nd edition.) Chapter 3B [HB 172.5 ROM]

 

(*) Weil, David (2005 or 2009). Economic Growth. Chapter 12 [HD 82 WEI]

 

 

Lecture 6: Trade Policy

 

(**) Bruton, Henry J. (1998). A reconsideration of import substitution Journal of Economic Literature, 36(2), 903-936. [electronic journals]

 

Edwards, Sebastian (1998). Openness, productivity and growth: what do we really know? Economic Journal, March, 108, 383-398 [electronic journals]

 

(*) Edwards, Sebastian (1993). Openness, trade liberalization, and growth in developing countries. Journal of Economic Literature, 31(3), 1358-1393 [electronic journals]

 

(**) Helpman, E. (2004). The Mystery of Economic Growth. Belknap, Harvard University Press, Cambridge MA. Chapter 5. [HD 82 HEL]

 

Krueger, Anne O. (1997). Trade policy and economic development: how we learn American Economic Review, 87(1), 1-22 [electronic journals]

 

(**) Krugman, Paul R. and Obstfeld, Maurice (2006). International Economics: Theory and Policy (seventh edition). Part 2, “International Trade Policy”, chapters 8-11. [HF 1359 KRU]

 

Rauch, James (2008).  Growth and international trade.  In Steven N. Durlauf and Lawrence E. Blume (eds.) The New Palgrave Dictionary of Economics, Second Edition, Palgrave Macmillan, 2008. [Metalib] or in Durlauf and Blume, Economic Growth [On order]

 

(*) Ray, Debraj (1998). Development Economics. Princeton University Press, Princeton. Chapter 17 [HD75 RAY]

 

(+) Rodrik, Dani and Rodriguez, Francisco (2000). Trade policy and economic growth: a skeptic's guide to the cross-national evidence. NBER Macroeconomics Annual, 15, 261-325.

 

Todaro, Michael P. and Smith, Stephen C. (2005). Economic Development (ninth edition) Chapters 12, 13 [SLC HD82 TOD]

 

(+) Wacziarg, Romain (2001). Measuring the Dynamic Gains from Trade. World Bank Economic Review, 15(3): 393-429 [electronic journals]

 

Wacziarg, Romain and Welch, Karen Horn (2008). Trade Liberalization and Growth: New Evidence. World Bank Economic Review, 22(2), 187-231.

 

(*) Weil, David N. (2005 or 2009). Economic Growth. Chapter 11. [HD82 WEI]

 

 

Lecture 7: Development Policies and Foreign Aid

 

Besley, Tim and Burgess, Robin (2003). Halving global poverty. Journal of Economic Perspectives, 17(3), Summer, 3-22 [electronic journals]

 

Bhagwati, Jagdish (2000). The Wind of the Hundred Days: how Washington Mismanaged Globalization. MIT Press. Chapters 10, 12, 41, 42, 46. [HF 1455 BHA].

 

(*) Birdsall, Nancy, Rodrik, Dani and Subramanian, Arvind (2005). How to help poor countries. Foreign Affairs, July/August 2005. [electronic journals]

 

Bourguignon, Francois et al. (2002). Making sense of globalization: a guide to the economic issues. CEPR policy paper no. 8. [Oversize HV1359 MAK]

 

(**) Collier, Paul (2007). The Bottom Billion. OUP. Chapters 6 and 7. [HC 79.P6 COL]

 

(+) Dollar, David and Kraay, Aart (2002). Growth is good for the poor Journal of Economic Growth, 7(3), September [electronic journals]

 

Easterly, William (2003). Can foreign aid buy growth? Journal of Economic Perspectives, 17(3), Summer, 23-48.

 

(+) Easterly William (2007). Are aid agencies improving?  Economic Policy, 22, 633-678.

 

(**) Easterly, William (2008). Globalization. In Steven N. Durlauf and Lawrence E. Blume (eds.) The New Palgrave Dictionary of Economics, Second Edition. Palgrave Macmillan, 2008. [Metalib] or in Durlauf and Blume, Economic Growth [On order]

 

(**) Fischer, Stanley (2003). Globalization and its challenges. American Economic Review, May, 93(2), 1-30 [electronic journals]

 

(+) Hausmann, Ricardo and Rodrik, Dani (2003). Economic Development as Self-Discovery. Journal of Development Economics. 72(2): 603-33 [electronic journals]

 

(*) Rodrik, Dani (2001). Trading in illusions. Foreign Policy, No. 123, 54-62 [electronic journals]

 

(**) Rodrik, Dani (2005). Growth strategies In P. Aghion and S. N. Durlauf (eds.) Handbook of Economic Growth, Volume 1A, North-Holland: Amsterdam, 2005, pp. 967-1014. [HD 75.5 HAN]

 

Rodrik, Dani (2006). Goodbye Washington Consensus, Hello Washington Confusion? A Review of the World Bank’s ‘Economic Growth in the 1990s: Learning from a Decade of Reform’. Journal of Economic Literature, December. [electronic journals]

 

(**) Rodrik, Dani (2007). One economics, many recipes: globalization, institutions, and economic growth. Princeton University Press, Princeton. Chapters 1-3 [HF1359 ROD]

 

Tarp, Finn (2008). Foreign aid. In Steven N. Durlauf and Lawrence E. Blume (eds.) The New Palgrave Dictionary of Economics, Second Edition. Palgrave Macmillan, 2008. [Metalib]

 

Temple, Jonathan (2009). Review article: “One Economics, Many Recipes: Globalization, Institutions and Economic Growth” by Dani Rodrik.
Economic Journal, February, Vol. 119, No. 535, F224-F230. [electronic journals]

 

Williamson, John (2008). Washington Consensus. In Steven N. Durlauf and Lawrence E. Blume (eds.) The New Palgrave Dictionary of Economics, Second Edition. Palgrave Macmillan, 2008. [Metalib]

 

World Bank (2005). Economic Growth in the 1990s: Learning from a Decade of

Reform. [HC 59.7 ECO]

 

 

Lecture 8: Dualism and Structural Change

 

(**) Basu, Kaushik (1997). Analytical Development Economics. MIT Press. Chapters 7 and 8 [HC 59.7 BAS]

 

(+) Dowrick, S. and Gemmell, N. (1991). Industrialisation, catching up and economic growth: a comparative study across the world’s capitalist economies. Economic Journal, 101, 405, March, 263-275 [electronic journals]

 

(*) Meier, Gerald M. (ed.) (1995). Leading Issues In Economic Development (6th edn.). Chapter 7 (“Agriculture and industrialization”) p. 327-367 only [HD 82 LEA]

 

(**) Ray, Debraj (1998). Development Economics. Princeton University Press, Princeton. Chapter 10 [HD 75 RAY]

 

(**) Temple, Jonathan (2005). Dual economy models: a primer for growth economists. The Manchester School, July, 73(4), 435-478 [electronic journals]

 

(+) Temple, Jonathan and Woessmann, Ludger (2006). Dualism and cross-country growth regressions. Journal of Economic Growth, 11(3), 187-228 [electronic journals]

 

(*) Todaro, Michael P. and Smith, Stephen C. (2005). Economic Development (9th edition), chapter 7. [SLC HD82 TOD]

 

(**) Vines, David and Andrew Zeitlin (2008). Dual economies. In Steven N. Durlauf and Lawrence E. Blume (eds.) The New Palgrave Dictionary of Economics, Second Edition. Palgrave Macmillan, 2008. [Metalib]

 

(**) Weil, David N. (2005 or 2009). Economic Growth. Chapter 10. [HD82 WEI]

 

 

 

 

 

 

Lecture 9: The East Asian Miracle; China; India

 

(**) Aizenman, Joshua (2008). Emerging markets. In Steven N. Durlauf and Lawrence E. Blume (eds.) The New Palgrave Dictionary of Economics, Second Edition. Palgrave Macmillan, 2008. [Metalib]

 

(**) Bosworth, B. and Collins, S. (2008). Accounting for Growth: Comparing China and India. Journal of Economic Perspectives, 22(1), 45-66. [electronic journals]

 

(+) Hsieh, Chang Tai (2002). What Explains the Industrial Revolution in East Asia? Evidence from the Factor Markets American Economic Review, 92(3): 502-26 [electronic journals]

 

(+) Lucas, Robert E. (1993). Making a miracle. Econometrica, 61, 251-272. [electronic journals] Reprinted as chapter 3 in Lucas, R. E. (2002). Lectures on Economic Growth. Harvard University Press, Harvard.

 

(**) Ray, Debraj (1998). Development Economics. Princeton University Press, Princeton. p. 107-125 only [HD 75 RAY]

 

Rodrik, Dani (1995). Getting interventions right: how Korea and Taiwan grew rich. Economic Policy, 20, 53-97 [electronic journals]

 

(**) World Bank (1993). The East Asian Miracle. Oxford University Press [HC 460.5 EAS]

 

Young, Alwyn (1994). Lessons from the East Asian NICs: a contrarian view. European Economic Review, 38(3-4), 964-973. [electronic journals]

 

(**) Young, Alwyn (1995). The tyranny of numbers: confronting the statistical realities of the East Asian growth experience. Quarterly Journal of Economics, August, 110(3), 641-680 [electronic journals]