Lecture 13: Technical progress and Growth Advanced Macroeconomics M.Sc. Programme in Environmental and Natural Resource Economics 1/2007 13 July 2007.

Slides:

Advertisements

Similar presentations

Lecture 4: The Solow Growth Model

Advertisements

The Solow Model and Beyond

Advanced Macroeconomics:

Economics and Business AS and A-Level Starting September 2015 (Edexcel)

Lecture 2: National Income Accounting L11200 Introduction to Macroeconomics 2009/10 Reading: Barro Ch.2 28 January 2010.

Performance of World Economies

1.2 - What Macroeconomics Do - Macroeconomic Forecasting - Macroeconomic Analysis - Macroeconomic Research - Data Development - BoX 1.1 Developing and.

Performance of World Economies Gavin Cameron Monday 25 July 2005 Oxford University Business Economics Programme.

MACROECONOMICS AND THE GLOBAL BUSINESS ENVIRONMENT The Wealth of Nations The Supply Side.

Human Capital and Ageing Clare Ward Deputy Government Statistician, Statistics New Zealand Paris, 28 June 2012 June 2012.

R&D – Based Models of Economic Growth. R&D based models Virtually all R&D based models share a prediction of ”scale effects” This prediction is not supported.

APPLIED MACROECONOMICS. Outline of the Lecture Review of Solow Model. Development Accounting Going beyond Solow Model First part of the assignment presentation.

1 Lecture 3: Supply Advanced Micro Theory MSc.EnviNatResEcon. 1/2005 Charit Tingsabadh.

1 Rebalancing Asia: Implications for inclusive green growth Dr Alex Bowen Principal Research Fellow, Grantham Research Institute on Climate Change and.

1 Looking to 2020 and beyond: Training the next generation of innovation leaders in Canada #CSPC2014 #NextGenInnovators October 17, 2014.

A new start for the Lisbon Strategy Executive summary Increase and improve investment in Research and Development Facilitate innovation,

FP7 - April The European Research Area in the Age of Globalisation Henri Delanghe DG RTD, C4 (Economic and Prospective Analysis Conference on Knowledge.

1 R&D in the European Strategy: the case of the 3% effort of BARCELONA CESAER POLITECNICO DI MILANO Milano Nov 2008.

Non-Homogeneous Equations

Trade Problems Standard 12.2: Students analyze the elements of America’s market economy in a global setting Standard 12.6: Students analyze issues of international.

© The McGraw-Hill Companies, 2005 TECHNOLOGICAL PROGRESS AND GROWTH: THE GENERAL SOLOW MODEL Chapter 5 – second lecture Introducing Advanced Macroeconomics:

Development Economics core course Lecture 5: Technical progress and new growth theory.

Solow (1957) “Technical Change and the Aggregate Production Function” Robert Solow won a Nobel prize for his work on economic growth that identified the.

Module Productivity and Growth KRUGMAN'S MACROECONOMICS for AP* 38 Margaret Ray and David Anderson.

Chapter 4.  “Second Generation” growth models  The role of human capital in economic growth  Determinants of technological progress  Externalities.

Chapter 30: Macroeconomic objectives. Review; What is Microeconomics? Brainstorm; Looks at individual parts of the economy Looks at how individuals, households.

EM 4103: Urban Planning II Lecture 8: Employment Analysis in Planning.

Lecture 8: Markets, Prices, Supply and Demand I L11200 Introduction to Macroeconomics 2009/10 Reading: Barro Ch.6 11 February 2010.

Udviklingsøkonomi - grundfag Lecture 4 Convergence? 1.

Economics B AS and A-Level

Labour Economics. Labour Resource Land, LABOUR, capital, enterprise Direct demand – consumers “vote” Derived demand = depends on above “vote” Productivity.

21 st Century Skills and Content Paisley IB Magnet School Staff Development October 15, 2010.

AISHA KHAN SUMMER 2009 SECTION G & I LECTURE ELEVEN ECO 102 Development Economics.

Trends in the Labour Market Technological Changes & Globalisation.

Environmental accounting A system approach to environmental information United Nations Statistics Division Department of Economic and Social Affairs Agenda.

Sec 5 Contemporary World Villa Maria High School.

University of Papua New Guinea International Economics Lecture 1: Introduction.

Characteristic features of new quality of economic growth at the present stage in the context of globalization Elena G. Popkova Doctor of Economics, Professor,

Chapter 25: The Difference Between Short-Run and Long-Run Macroeconomics Copyright © 2014 Pearson Canada Inc.

8 Why Do Economies Grow?. ECONOMIC GROWTH RATES capital deepening Increases in the stock of capital per worker. technological progress More efficient.

ACCA F1 – Accountant in Business Lecture 4&5 Dr. Randolph Metz-Johnson

From Innovative Industries Innovation Systems Research Network 7th Annual Meeting.

Causes of Economic Growth. Economic Growth  An increase in real GDP.  Or – and increase in potential GDP.

Intellectual Property in the Netherlands Murat Tanriseven 1-3 December, 2010 WPNA meeting.

Module Long-run Economic Growth KRUGMAN'S MACROECONOMICS for AP* 37 Margaret Ray and David Anderson.

 Nothing to do with changes in AD  All about changes in AS  Long-run AS curve (LRAS) is the relationship between total supply & the price level in.

Advanced Macroeconomics:

EU-KLEMS project: Progress in Economic Underpinnings and Measurement

CEDEFOP Session 2: Closer look at the roadmap Potential impacts of Brexit and other macroeconomic issues Production of Skills Supply and Demand Forecasts.

GROWTH AND CRISIS IN THE Globalization and the Collapse of Trade

Advanced Macroeconomics:

Year 10 Subject Selection – Commerce: Economics and Society

Technology and the Global Economy.

Differential Equations Growth and Decay

Second Year Options Meeting BSc Economics.

Brackets, Factors and Equations

Valuation in the SEEA Developing a Scope of Work

e-Skills ; Measurement

Deep descriptive ‘world knowledge’ that includes:

الفصل الرابع الاستثمار Investment

Dr Jeroen Nieuwland High quality education and applied research for the Life Science and Biotech industry.

Advanced Macroeconomics:

TABLE 15.1 Exchange Rates. TABLE 15.1 Exchange Rates.

10. A Sketch of Environmental Macroeconomics

ECS 1501 Learning Unit 3.

Productivity Productivity Erik Veldhuizen.

Gradients and Tangents

INVESTING IN HUMAN CAPITAL

Growth and Problems of major Industries

Productivity Productivity Erik Veldhuizen.

Presentation transcript:

Lecture 13: Technical progress and Growth Advanced Macroeconomics M.Sc. Programme in Environmental and Natural Resource Economics 1/ July 2007

outline Growth accounting method Finding technical progress in growth Accounting for technical progress “New” growth factors Thailand’s experience

Growth accounting method The growth accounting equation From the APO Study Try deriving Eq.2 from Eq.1, differentiation exercise.

Finding technical progress in growth The residual in the growth accounting equation From above, TFPG is the Residual! See what it looks like? Back to the APO paper..

And later..

Accounting for technical progress What can explain TFPG? Accounting methods do not account for quality changes, eg. Labour is skilled or unskilled, highly- educated and not much educated Capital stock valuation-embodied/disembodied progress Learning by doing Anything else? E.g. X-efficiency,

“New” growth factors These are “new” growth factors Many studies point to these factors Eg. Knowledge economy Innovation Openness of economy Governance of country/corruption and growth Etc.

Korea in the Global Context

Thailand’s Growth experience Bosworth’s paper is a good summary..