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Inclusive Growth Analytics

Date: January 11-15, 2010
Time: 9:00 am - 5:00 pm
Location: Joint Vienna Institute (JVI), Austria
Speaker(s):

  • Jesus Crespo Cuaresma, University of Innsbruck
  • Alvaro Escribano, Universidad Carlos III de Madrid
  • Edgardo Favaro, World Bank
  • Essama Nssah, World Bank
  • Gallina A. Vincelette, World Bank

Description: The objective of the course is to sharpen participants' knowledge and skills in growth analysis by providing a critical survey of current sources and methods in the field, hands-on applications and discussion of relevant topics. The course introduces several topics, including growth models, growth accounting, human capital, returns on physical capital, convergence, and growth diagnostics.

Methodological tools for the diagnosis of economic growth problems at the macro and where applicable micro/sectoral level will be presented along with the theoretical topics. Up-to-date country case studies and examples will be used to analyze a real world situation to allow participants to understand the discussed theory and methodology in identifying sources and constraints to growth.

The course format includes presentations and hands-on case studies with discussions on operational applications.

Target Audience: World Bank economists; Mid-level officials from developing countries and donor agencies working on economic growth issues.

Application: World Bank staff should enroll through the LMS system. External applicants should send their name, title, organization and CV to Detre Bradley at dbradley@worldbank.org. Internal enrollment and external applications should be submitted by Friday, December 18, 2009.

Course information


Logistics

This course will be held in Vienna, Austria, January 11-15, 2010 at the Joint Vienna Institute.

This website contains important information to address questions you may have regarding your travel and stay in Vienna. Please take a moment to read it. We suggest you also print these pages for future reference.

Note:  This is a residential course where JVI fees and accommodations will be covered by PRMED. Travel, per diem, possible visa fees, and other miscellaneous expenses are to be paid by each participant’s unit/agency.

Email and Work during the Course: You should inform your managers and colleagues that you will not be available for regular work during the course. There will be little or no opportunity to check email or do other job-related work. If you decide to work from your hotel room or from the hotel business center, you will need to bring sufficient funds to cover telephone charges, as this will not be covered by the organizers.

The JVI Campus is located on:
Schmalzhofgasse 12,
A-1060 Vienna, Austria
Telephone: (+43-1) 596-4989-100
Fax: (+43-1) 596-4989-5092

Participants are housed in the JVI Residence at Schmalzhofgasse 12, open seven days a week, with a receptionist on duty 24 hours a day. On arrival in Vienna, participants should go to the JVI Residence. At check-in, the receptionist will provide information about details regarding registration, facilities and services, seminar schedule, etc., and how to get to the JVI building, a short walk from the Residence.

Directions to the JVI Residence


Materials

Monday, January 11, 2010

Growth Paradigms, Growth Models, and Growth Diagnostics
Edgardo Favaro

Presentations:

Required Readings:

  • Harberger, Arnold C.  (1998) “A Vision of the Growth Process,”  American Economic Review, 88(1): 1–32.
  • Mankiw, G., E. Phelps and P. Romer (1995) “Growth of Nations” Brookings Papers on Economic Activity, Volume 1995(1): 275-326.
  • Solow, Robert M.  (1994) “Perspectives on Growth Theory,” Journal of Economic Perspectives, 45–54.

Selected References:

  • Aghion, Philippe and Durlauf, Steven N. (2005). Handbook of Economic Growth. North-Holland: Amsterdam.
  • Aghion, Philippe and Steven Durlauf  (2007) “From Growth Theory to Policy Design” (mimeo)
  • Blanchard O. and S. Fischer (1989) Lectures on Macroeconomics, The MIT Press, Cambridge Massachusetts.
  • Hausmann,  Ricardo, Dani Rodrik, and Andrés Velasco (2005) “Growth Diagnostics”
  • Romer, Paul M. (1986). “Increasing Returns and Long-Run Growth,” The Journal of Political Economy, 94(5): 1002-1037.
  • Romer, Paul M. (1994). “The origins of endogenous growth,” Journal of Economic Perspectives, 8: 3-22.

Growth Accounting
Gallina A. Vincelette

Presentation:

Required Readings:

  • Barro, R. (1998) “Notes on Growth Accounting,” Journal of Economic Growth, 4: 119–137
  • Ghosh, S. and A. Kraay (2000) “Measuring Growth in Total Factor Productivity,” PREM Note No. 42, Economic Policy Unit, September.

Selected References:

  • Abramovitz, M. (1956), "Resource and Output Trends in the United States since 1870", American Economic Review, Vol. 46
  • Bernanke, B. S., & Gürkaynak, R. S. (July 2001). Is Growth Exogenous? Taking Mankiw, Romer, and Weill Seriously. NBER Working Paper No. 8365, S. 1-54.
  • Gollin, D. (April 2002). Getting Income Shares Right. The Journal of Political Economy , S. 458-474.
  • Izyumov, A., & Vahaly, J. (2008). Old Capital vs. New Investment in Post-Soviet Economies: Conceptual Issues and Estimates. Comparative Economic Studies, 50 , pp. 79-110.
  • Senhadji, A. (2000) “Sources of Economic Growth: An Extensive Growth Accounting Exercise” IMF Staff Papers, 47(1): 129–157
  • Solow, R. (1957), "Technical Change and the Aggregate Production Function", Review of Economics and Statistics, Vol. 39, pp. 312-20


Tuesday, January 12, 2010

Human Capital as a Constraint to Growth
Jesus Crespo Cuaresma

Presentations:

  • Human Capital and Economic Growth - Jesus Crespo Cuaresma - [Presentation]
  • Empirical Exercise: Demography, human capital and cross-country income differences - [Exercises]
  • Empirical Exercise: The demographic dimension of educational attainment - [Exercises]

Required Readings:

  • Benhabib, Jess and Mark M. Spiegel (2003) “Human Capital and Technology Diffusion,” FRBSF Working Paper #2003-02.
  • Lutz, W., Crespo Cuaresma, J. and Sanderson, W. (2008) The Demography of Educational Attainment and Economic Growth. Science, 22, 319. 5866, pp. 1047 – 1048.
  • Mankiw, N. Gregory, David Romer; David N. Weil (1992) “A Contribution to the Empirics of Economic Growth,” The Quarterly Journal of Economics, 107(2): 407-437.

Selected References:

  • Bloom, D. and Finlay, J.E. (2008) Demographic Change and Economic Growth in Asia. PGDA Working Paper#41.2008. 
  • Bloom, D., Canning, D. and Fink, G. (2008) Population Aging and Economic Growth. PGDA Working Paper#41.2008. 
  • Cohen, J.E. (2008) Make secondary education universal. Nature, 456, pp. 572-573.
  • Crespo Cuaresma J. and Lutz W. (2007) Human Capital, Age Structure and Economic Growth: Evidence from a New Dataset. IIASA Interim Report IR-07-011.
  • de la Fuente, Angel and Rafael Doménech (2006) “Human Capital in Growth Regressions: How Much Difference does Data quality make?” Journal of the European Economic Association, 4(1):1–36 
  • Krueger, Alan B. and Mikael Lindahl (2001) “Education for Growth: Why and For Whom? The Journal of Economic Literature, 39(4): 1101-1136. 

Poverty and Distributional Implications of Growth
Essama Nssah

Presentations:

  • Poverty and Distributional Implications of Growth - B. Essama-Nssah - [Presentation]

Required Readings:

  • Osmani, S. 2005. Defining pro-poor growth. One Pager Number 9, International Poverty Center, Brasil.
  • Essama-Nssah, B. and P.J. Lambert. 2009. Measuring Pro-Poorness: a Unifying Approach with New Results. Review of Income and Wealth, Series 55, No 3: 752-778.

Selected References:

  • Bourguignon François, Ferreira Francisco H. G. and Leite Phillippe.  2008.  Beyond Oaxaca-Blinder: Accounting for Differences in Household Income Distributions.  Journal of Economic Inequality, Vol. 6, No.2: 117-148.
  • Bourguignon François, Ferreira Francisco H. G.  2005.  Decomposing Changes in the Distribution of Household Incomes : Methodological Aspects.  In François Bourguignon, Francisco H.G. Ferreira and Nora Lustig (eds), The Microeconomics of Income Distribution Dynamics in East Asia and Latin America.  Washington, D.C.: The World Bank.
  • Coulombe Harold and McKay Andrew.  1996.  Modeling Determinants of Poverty in Mauritania.  World Development, Vol. 24. No.6: 1015-1031.
  • Datt Gaurav and Ravallion Martin.  1992. Growth and Redistribution Components of Changes in Poverty Measures: a Decomposition with Applications to Brazil and India in the 1980s. Journal of Development Economics, 38: 275-296.
  • Essama-Nssah B.  2005.  A Unified Framework for Pro-Poor Growth Analysis.  Economics Letters, 89:216-221.
  • Essama-Nssah B.  1997.  Impact of Growth and Distribution on Poverty in Madagascar.  Review of Income and Wealth, Series 43, No. 2: 239-252.
  • Grimm, Michael. 2007. Removing the Anonymity Axiom in Assessing Pro-poor Growth. Journal of Economic Inequality, vol. 5, pp. 179–197.
  • Kakwani Nanak and Son Huyn H.  2008.  Poverty Equivalent Growth Rate.  Review of Income and Wealth Series 54, No. 4: 643-655.
  • Kolenikov Stanislav and Shorrocks Anthony.  2005.  A Decomposition Analysis of Regional Poverty in Russia.  Review of Development Economics, 9(1): 25-46.
  • Melly Blaise.  2005.  Decomposition of Differences in Distribution Using Quantile Regression.  Labour Economics, 12: 577-590.
  • Ravallion Martin and Chen Shaohua.  2003.  Measuring Pro-Poor Growth.  Economics Letters 78: 93-99.
  • Ravallion Martin.  2001.  Growth, Inequality and Poverty: Looking Beyond Averages.  World Development, Vol 29: No. 11:  1803-1815.


Wednesday, January 13, 2010

Rate of Return on Capital
Gallina A. Vincelette

Presentations:

  • Estimating Rates of Return on Capital - Gallina Vincelette - [Presentation]
  • Estimating the Rate of Return on Capital - [Exercise]

Required Readings:

  • Caselli, F., & Feyrer, J. (May 2007). The Marginal Product of Capital. The Quarterly Journal of Economics, S. 535-568.
  • Harberger, A. C. (1972). On Estimating the Rate of Return to Capital in Colombia. Project Evaluation: Collected Papers, S. 132-156.
  • Bernanke, B. S., & Gürkaynak, R. S. (July 2001). Is Growth Exogenous? Taking Mankiw, Romer, and Weill Seriously. NBER Working Paper No. 8365, S. 1-54.
  • Gollin, D. (April 2002). Getting Income Shares Right. The Journal of Political Economy, S. 458-474.

Selected References:

  • Bai, C.-e., Hsieh, C.-T., & Quian, Y. (2006). The Return to Capital in China. Brookings Paper on Economic Activity , S. 1-28.
  • Barro, R. J., & Lee, J. (September 2000). International Data on Educational Attainment: Update and Implications. NBER working paper No. 7911 .
  • Blades, D. (1998). Measuring depreciation. paper presented at the second meeting of the Camberra Group on Capital Stock Statistics, Paris . OECD.
  • Dey-Chowdhury, S. (September 2008). Perpetual Inventory Method. Economic & Labor Market Review , S. 48-52.
  • Ferreira, A. L. (August 2008). On the Differences Between the Marginal Product of Capital Across Countries. University of Sao Paulo, Department of Economics, FEARP, Brasil.
  • Izyumov, A., & Vahaly, J. (August 2007). New capital accumulation in transition economies: implications for capital-labor and capital-output ratios . Economic Change and Restructuring , S. 63-83.
  • Kamps, C. (2004, April). New Estimates of Government Net Capital Stocks for 22 OECD Countries 1960-2001. IMF Working Paper , pp. 1-38.
  • Meinen, G., Verbiest, P., & de Wolf, P.-P. (July 1998). Perpetual Inventory Method: Service Lives, Discard Patterns and Depreciation Methods. Statistics Netherlands, Department of National Accounts.
  • Narodnoye Khozyaistvo SSSR, (1989). State committee for Statistics: Moscow .
  • OECD. (2001). Measuring Capital: Measuring of Capital Stocks, Consumption of Fixed Capital and Capital Services. OECD.
  • Pritchett, L. (2000, December). CUDIE (Cumulated, Depreciated, Investment Effort) Is Not Capital. Journal of Economic Growth , pp. 361-384.
  • Sachs, J., & Warner, A. (1995). Economic Reform and the Process of Global Integration. Brookings Papers on Economic Activity, No 1 , pp. 1-118.
  • Young, A. (August 1995). The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience. The Quarterly Journal of Economics, S. 641-680.

Cost of Reforms: Tackling Binding Constraints to Growth
Edgardo Favaro

Presentations:

Evaluating the Welfare Impact of Policy Interventions
Essama Nssah 

Presentations:

Required Readings:

  • Blundell, Richard and Costa-Dias, Monica.  2009.  Alternative Approaches to Evaluation in Empirical Microeconomics.  The Journal of Human Resources, Vol. 44, No.3:565-640.
  • Bourguignon François and Spadaro Amedeo.  2006.  Microsimulation as a Tool for Evaluating Redistribution Policies.  Journal of Economic Inequality, 4: 77-106.
  • Essama-Nssah B. 2005. “Simulating the Poverty Impact of Macroeconomic Shocks and Policies.” Policy Research Woprking Paper 3788, World Bank, Washington, DC

Selected References:

  • Arrow Kenneth. J. 1963. Social Choice and Individual Values.  New York: Wiley.
  • Besley Timothy and Case Anne.  2000.  Unnatural Experiments? Estimating the Incidence of Endogenous Policies.  The Economic Journal, 110: F672-F694.
  • Carneiro Pedro, Hansen Karsten T. and Heckman James J.  2002. Removing the Veil of Ignorance in Assessing the Distributional Impacts of Social Policies.  Institute for the Study of Labor (IZA) Discussion Paper No. 453.
  • Dasguta Partha.  2000.  Valuation and Evaluation.  In Osvaldo Feinstein and Robert Picciotto (eds) “ Evaluation and Poverty Reduction”. Washington, D.C.: The World Bank.
  • Devarajan, Shantayanan, Jeffrey D. Lewis, and Sherman Robinson. 1990.  Policy Lessons From Two-Sector Models.  Journal of Policy Modeling 12 (4): 625-657.
  • Dervis, Kemal, de Melo, Jaime, and Robinson, Sherman. 1982. General Equilkibrium Models for Development Policy. Washington, D.C.: the World Bank.
  • Decaluwé, B., Savard. L. and Thorbecke, E. 2005. General Equilibrium Approach for Poverty Analysis: With an Application to Cameroon.  African Development Review, Vol. 17, No.2: 213-243.
    Avinash K.  1996.  The Making of Economic Policy: A transaction-Cost Politics Perspective Cambridge (Massachusetts): the MIT Press.
  • Essama-Nssah, B.  2008.  Assessing the Redistributive Effect of Fiscal Policy.  Policy Research Working Paper N0. 4592.  Washington, D.C.: The World Bank.
  • Essama-Nssah, B. et al. 2008  Economy-Wide and Distributional Impact of an Oil Price Shock on the South African Economy  in Delfin S. Go and John Page (eds) “Africa at a Turning Point? Growth, Aid, and External Shocks The World Bank 2008).
  • Essama-Nssah B.  2007.  A Poverty-Focused Evaluation of Commodity Tax Options.  Journal of International Development, 19: 114-1130.
  • Essama-Nssah B.  2006a.  Macroeconomic Shocks and Policies.  In Aline Coudouel and Stefano Paternostro (eds), “Analyzing the Distributional Impact of Reforms:  A Practitioner’s Guide to Pension, Health, Labor Markets, Public Sector Downsizing, Taxation, Decentralization, and Macroeconomic Modeling.  Washington, D.C.: The World Bank.
  • Essama-Nssah, B.  2006b.  Propensity Score Matching and Policy Impact Analysis: A Demonstration in EViews.  World Bank Policy Research Working Paper No. 3877.
  • Heckman, James J.  2005.  The Scientific Model of Causality.  Sociological Methodology, Vol. 35: 1-97.
  • Heckman, James J.  2000.  Causal; Parameters and Policy Analysis in Economics: A Twentieth Century Retrospective.  The Quarterly Journal of Economics, Vol. 115, No. 1: 45-97.
  • Heckman, James J. and Smith, Jeffrey A.  1995.  Assessing the Case for Social Experiments, Journal of Economic Perspectives, Vol.9, No. 2:85-110.
  • Holland, Paul W.  1986.  Statistics and Causal Inference.  Journal of the American Statistical Association, Vol. 81, No. 396: 945-960.
  • Kam Cindy D. and Franzese Robert J. Jr.  2007.  Modeling and Interpreting Interactive Hypotheses in Regression Analysis.  Ann Arbor: The University of Michigan Press.
  • Kanbur Ravi . 1995.  Welfare Economics, Political Economy and Policy Reform in Ghana.  African Development Review, Volume 7, No.1: 35-49.
  • Lindblom, C. E. 2001. The Market System: What Is It, How It Works and What to Make of It. New Haven, CT: Yale University Press.
  • Löfgren Hans and Diaz-Bonilla Carolina.  2008b.  MAMS: An Economy-wide Model for Development Strategy Analysis.  Washington, D.C.: The World Bank (Photocopy).
  • Morgan Stephen L. and Winship Christopher.  2007.  Counterfactuals and Causal Inference: Methods and Principles for Social Research.  Cambridge: Cambridge University Press.
  • Moulin, Hervé J. 2003. Fair Division and Collective Welfare. Cambridge (Massachusetts): The MIT Press.
  • Nussbaum Martha Craven.  1987.  Nature, Function and Capability: Aristotle on Political Distribution.  Helsinki: World Institute for Development Economic Research.
  • Ravallion, Martin. 2009.  Evaluation in the Practice of Development.  The World Bank Research Observer.
  • Ravallion, Martin. 2008.  Evaluating Anti-Poverty Programs. Handbook of Development Economics, Vol. 4.
  • Ravallion, Martin. and Lokshin M. 2004.  Gainers and Losers from Trade Reform in Morocco.  Policy Research Working Paper  No. 3368, Washington D.C.: The World Bank.
  • Sen, Amartya. 1999. Development as Freedom. New York: Alfred A. Knopf.
  • Sen, A. 1998. The Possibility of Social Choice. Nobel Prize Lecture.
  • Sen Amartya.  1992.  Inequality Reexamined.  New York: Russell Sage Foundation.
  • Sen Amartya, Muellbauer John, Kanbur Ravi, Hart K. and Williams B.   1987.  The Standard of Living.  New York: Cambridge University Press.
  • Stiglitz Joseph.  2000.  Evaluation in a World of Complexity and Information Failures.  In Feinstein Osvaldo and Picciotto Robert (eds), “Evaluation and Poverty Reduction: Proceedings from a World Bank Conference.”  Washington D.C.: The World Bank.
  • Train Kenneth E.  2003.  Discrete Choice Methods with Simulation.  Cambridge: Cambridge University Press.
  • Varian Hal R.  1984.  Microeconomic Analysis (Second Edition) New York: Norton & Company.
  • Weiss C H.  1998.  Evaluation: Methods for Studying Programs and Policies.  Upper Saddle River, NJ: Prentice Hall.
  • World Bank.  2005.  World Development Report 2006: Equity and Development. Oxford: Oxford University Press.
  • Young, H. P. 1994. Equity: In Theory and Practice. Princeton, NJ: Princeton University Press.


Thursday, January 14, 2010

Productivity at the Firm Level
Alvaro Escribano

Presentations:

  • Determinants of Economic Convergence of Countries and Firms: Evolution of Per Capita Income and Labor Productivity and TFP - Alvaro Escribano - [Presentation]
  • Investment Climate (IC) Methodology: Application of Firm Performance in Turkey - Alvaro Escribano - [Presentation]
  • Quality of Infrastructures in Africa: A Robust Assessment on Productivity (TFP) based on Investment Climate Surveys (ICs) - Alvaro Escribano - [Presentation]
  • Recent Extensions of Investment Climate (IC) Methodologies: Application of Firm Performance in Pakistan - Alvaro Escribano - [Presentation]
  • Case Study on the ICA of Costa Rica for Group Discussions - [Exercise]

Required Readings:

  • Robust Methodology for Investment Climate Assessment on Productivity: Application to Investment Climate Surveys from Central America - Alvaro Escribano and J. Luis Guasch - [Document]
  • Empirical Econometric Evaluation of Alternative Methods of Dealing with Missing Values in Investment Climate Sureys - Alvaro Escribano and Jorge Pena - [Document]
  • Assessing the Impact of Infrastructure Quality on Firm Productivity in Africa: Cross-Country Comparisons Based on Investment Climate Surveys from 1999 to 2005 - Alvaro Escribanoa, J. Luis Guasch and Jorge Pena - [Document]
  • Investment Climate Assessment Based on Demean Olley and Pakes Decompositions: Methodology and Application to Turkey’s Investment Climate Survey - Alvaro Escribano, J. Luis Guasch, Manuel de Orte and Jorge Pena - [Document]
  • Investment Climate and Firm’s Economic Performance: Econometric Methodology and Application to Turkey’s Investment Climate Survey - Alvaro Escribano, J. Luis Guasch, Manuel de Orte and Jorge Pena - [Document]
  • Economic Convergence and Relative Middle Income Dispersion: Why is Latin America Lagging Behind? - Alvaro Escribano, Paulina Beato and Leonardo Garrido - [Document]
  • A Guided Tour on the Econometrics of Investment Climate Surveys (ICs) - Alvaro Escribano - [Presentation]

Selected References:

  • Ackerberg D. A. and K. Caves (2003). “Structural Identification of Production Functions”. Working Paper, University of California, Los Angeles.
  • Arellano M. (2003). Panel Data Econometrics. Advanced Texts in Econometrics, Oxford University Press.
  • Bartelsman E. J. and M. Doms (2000). “Understanding Productivity: Lessons from Longitudinal Microdata”. Journal of Economic Literature, Vol. 38, Nº 3, 569-594.
  • Basu S. and J. Fernand (2001). “Why is Productivity Procyclical? Why do we Care?”. In Ch. R. Hulten, E.R. Dean and M. J. Harper (eds.) New Developments in Productivity Analysis, The University of Chicago Press, 225-301.
  • Blundell R. and S. Bond (2000). “GMM Estimation with Persistent Panel Data: An Application to Production Functions”. Econometric Reviews, 19 (3), 321-340.
  • Blundell R. and J. L. Powell (2003). ”Endogeneity in Nonparametric and Semiparametric Regression Models” In Advances in Economics and Econonometrics: Theory and Applications, Eighth World Congress, Vol. II, M. Dewatripont, L.P. Hansen and S.J. Turnovsky, eds. Cambridge: Cambridge University Press, 313-357.
  • Cole, H. L., L. E. Ohanian, A. Riascos and J. A. Schmitz Jr. (2004). "Latin America in the Rearview Mirror". National Bureau of Economic Research WP #11008, December.
  • Diewert W. Erwin and Alice O. Nakamura (2002) “The Measurement of Aggregate Total Factor Productivity Growth”. J. J. Heckman and E. E. Leamer (eds.). Handbook of Econometrics, Vol. 6, forthcoming.
  • Dollar, David, Anqing Shi, Shuilin Wang and L. Colin. Xu (2004). “Improving City
    Competitiveness through the Investment Climate: Ranking 23 Chinese Cities”. Washington, D.C., World Bank.
  • Dollar, David, Mary Hallward-Driemeier and Taye Mengistae (2004). “Investment Climate and International Integration”. Washington, D.C., World Bank.
  • Dollar, David, Mary Hallward-Driemeier and Taye Mengistae (2003). “Investment Climate and Firm Performance in Developing Economies”. Washington, D.C., World Bank.
  • Escribano Alvaro and J. Luis Guasch (2005). “Assessing the Impact of the Investment Climate on Productivity Using Firm Level Data: Methodology and the Cases of Guatemala, Honduras and Nicaragua”. Policy Research Working Paper # 3621. World Bank: Washington DC.
  • Escribano Alvaro, J. Luis Guasch, Jorge Pena and Manuel de Orte (2006). “COSTA RICA: Investment Climate Assessment (ICA) on Productivity and on Allocative Efficiency: Effects on Exports, Foreign Direct Investment, Wages and Employment. Analysis Based in Firm Level Data from 2002-2004”. Mimeo World Bank, October.
  • Foster L., J. Haltiwanger and C.J. Krizan (1998). “Aggregate Productivity Growth: Lessons from Microeconomic Evidence”. NBER Working Paper W6803.
  • Griliches Z. (1996). “The Discovery of the Residual: A Historical Note”. Journal of Economic Literature, 34, 1324-1330.
  • Griliches Z. and J. Mairesse (1997). “Production Functions: The Search for Identification”. In S. Strom (ed.) Essays in Honor of Ragnar Frisch, Econometric Society Monograph Series, Cambridge University Press, Cambidge.
  • Hall R. E. (1988). “The Relationship between Price and Marginal Cost in U.S. Industry”. Journal of Political Economy, 96, 5, 921-947.
  • Hall R. E. (1990). “Invariance Properties of Solow´s Productivity Residual”. In Peter Diamond (ed.). Growth, Productivity, Employment. Cambridge: MIT Press, 1-53.
  • Haltiwanger, John (2002). “Understanding Economic Growth”. The Need for Micro Evidence”. New Zealand Economic Papers 36 (1), 33-58.
  • Hulten Ch. R. (2001). “Total Factor Productivity: A Short Biography”. In Ch. R. Hulten, E.R. Dean and M. J. Harper (eds.) New Developments in Productivity Analysis, The University of Chicago Press, 1-47.
  • Jorgenson D.W. (2001). “Information Technology and the U.S. Economy”. The American Economic Review, Vol. 91, 1, 1-32.
  • Jorgenson D.W., F. Gollop and B. Fraumeni (1987). Productivity and U.S. Economic Growth. Cambridge: Harvard University Press.
  • Jorgenson D.W. and Z. Griliches (1967). “The Explanation of Productivity Change”. Review of Economic Studies, 34, 249-280.
  • Levinsohn J. and A. Petrin (2003). “Estimating Production Functions Using Inputs to Control for Unobservables”. Review of Economic Studies, 70, 317-341.
  • Marschak J. and W. H. Andrews (1944). “Random Simultaneous Equations and the Theory of Production”. Econometrica, 12 (3,4), 143-205.
  • Olley G. S.and A. Pakes (1996). “The Dynamics of Productivity in the Telecommunications Equipment Industry”. Econometrica, Vol. 64, 6, 1263-1297.
  • Prescott, Edward C. (1998) "Needed: A Theory of Total Factor Productivity". International Economic Review, 39, 525-552.
  • Solow R. M. (1957). “Technical Change and the Aggregate Production Function”. The Review of Economics and Statistics, 39 (3), 312-320.
  • Stiroh K.J. (2002). “Information Technology and the U.S. Productivity Revival: Whta Do the Industry Data Say?”. The American Economic Review, Vol. 92, 5, 1559-1575.
  • Tornqvist L. (1936). “The Bank of Finland´s Consumption Price Index”. Bank of Finland Monthly Bulletin, 10, 1-8.
  • Wooldridge J. M. (2000). Introductory Econometrics: A Modern Approach. South-Western College Publishing. Thomson Learning.
  • Wooldridge J. M. (2002). Econometric Analysis of Cross Section and Panel Data. The MIT Press. Cambridge, Massachusetts.
  • World Bank 2003. “Doing Business in 2004” Understanding Regulation. Washington, D.C. World Bank.
  • __________ 2004. “Doing Business in 2005: Removing Obstacles to Growth”. Washington, D.C. World Bank.
  • __________ 2005. “World Development Report 2005: A Better Investment Climate for Everyone”. World Bank and Oxford University Press. Washington, D.C.
  • World Bank 2007. TURKEY: Investment Climate Assessment. Vol I and II. Finance and Private Sector Development Department.

Export Diversification
Gallina A. Vincelette

Presentations:

  • A Conceptual Framework for Export Diversification and Sustainable Growth - Vandana Chandra - [Presentation]
  • Economic Diversification and Growth in Developing Countries - [Toolkit]

Required Readings:

  • Rodrik, D. (2006).  “What’s So Special About China’s Exports,” NBER Working Paper Series, No. 11947.
  • Imbs, J. and R. Wacziarg. (2003) Stages of Diversification.  American Economic Review, Vol. 93 (1), pp. 63-86.

Selected References:

  • Collier, P. and J. Gunning (1999). “Explaining African Economic Performance,” Journal of Economic Literature, vol. XXXVII, pp. 62-111.
  • Collier, Paul. 2002. Primary Commodity Dependence and Africa’s Future. The World Bank.
  • Hausmann, Ricardo, Jason Hwang, and Dani Rodrik. 2007. What you export matters. Journal of Economic Growth (U.S.) 12, No. 1:1-25.
  • Lall, Sanjaya, John Weiss, and Jinkang Zhang. 2006. The "sophistication" of exports: a new trade measure. World Development (U.K.) 34, No. 2:222-37.
  • Lederman, Daniel, William F. Maloney, and World Bank. 2007. Natural resources, neither curse nor destiny, Latin American Development Forum. Palo Alto, CA Washington, DC: Stanford Economics and Finance,World Bank.
  • Wood, Adrian, Jörg Mayer, African Development in a Comparative Perspective (Project), and United Nations Conference on Trade and Development. 2001. Africa's export structure in a comparative perspective. Cambridge Journal of Economics 25:369-394.


Friday, January 15, 2010

Convergence
Jesus Crespo Cuaresma

Presentations:

Required Readings:

  • Barro, Robert J. and Xavier Sala-i-Martin (1992) “Convergence,” in The Journal of Political Economy, 100(2): 223-251.

Selected References:

  • Bernard, Andrew B. and Steven N. Durlauf. (1996) “Interpreting tests of the convergence hypothesis” The Journal of Econometrics, 71:161-173
  • Durlauf, Steven N. (2003) “The Convergence Hypothesis After 10 Years,” University of Wisconsin at Madison (Manuscript)
  • Galor, Oded (2006) “Convergence? Inferences from Theoretical Models,” The Economic Journal, 106 (437):1056-1069.
  • Mathunjwa, Jochonia S. and Jonathan R W Temple (2007) “Convergence behaviour in exogenous growth models,” Department of Economics, University of Bristol (Manuscript)

Pakistan: Policy Priorities
Edgardo Favaro

Presentations:

  • Pakistan - A Fresh Look at the Crisis and Policy Priorities - Edgardo Favaro and Fritzi Koehler-Geib - [Presentation]

Last updated: 2010-02-16




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