Economic growth and international development

ledev2132  2022-2023  Louvain-la-Neuve

Economic growth and international development
4.00 credits
30.0 h
De la Croix David; Lefèvre Mélanie (compensates De la Croix David);
The course addresses the question of economic development and growth from two angles: the temporal dimension which analyzes the takeoff and the growth of developed countries during the last centuries; the cross section dimension which focuses on the existing differential development between rich and poor countries. In a first step we will consider a series of data relating to development on long period, as well as other aspects of the development process. A second step is devoted to analysis of development mechanisms, including the model of stagnation - the Malthusian model, the model of growth of Solow model, the endogenous growth with human capital, and the unified growth theory. In a third and final stage, we detail a series of factors considered important for growth: savings, technical progress, education, institutions.
Teaching methods
Ex catedra teaching, exercices et applications.
Evaluation methods
Written exam aimed at evaluating the understanding by students of the economic mechanisms seen in class
I. Morris, Why the West Rules – For Now, Farrar, Straus and Giroux, 2010
Williamson, Macroeconomics, chapitre 7-8, Pearson, 2018
O. Galor, Unified Growth Theory, Princeton, 2015
W. Easterly, The Elusive Quest for Growth, Economists' Adventures and Misadventures in the Tropics, MIT Press, 2002
A. Maddison, The World Economy, A millennial perspective, OECD, 2001
G. Clark, A Farewell to Alms, Princeton University Press, 2007
Faculty or entity