Macroeconomics (advanced level) (Alexey Devyatov)
Block 5. Elements of growth theory
The block addresses the following questions:
- Solow model.
- Transitional dynamics in Solow model.
- Convergence: theory and observations.
- One-sector optimal growth model.
- Endogenous growth models: the AK model, learning by doing, knowledge spillovers, human capital.
- Horizontal and vertical innovations.