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APUSpecial Lecture on Development Strategy by Motoo Kusakabe

Lesson Three:
3. Theories for Economic Growth (Lecture)
 
What do we learn? Reading Suggestions
Harrod-Domar  model.

What are the implications of the Harrod-Domar model for the role of savings on growth?
Hayami, Yujiro. Development Economics, From the Poverty to the Wealth of Nations, Second Edition, Oxford University Press

Why did Harrod-Domar model influenced the development aid?
Easterley, William. 2001. The Elusive Quest for Growth, Economists Adventures and Misadventures in the Tropics. The MIT Press.

Solow's neo-classical growth model

 

 

 

Growth Accounting and TFP

What was the implications of Solow's growth theory?
Easterley, William. 2001. The Elusive Quest for Growth, Economists Adventures and Misadventures in the Tropics. The MIT Press.

What is Growth Accounting? What is Total Factor Productivity?
Hayami, Yujiro. Development Economics, From the Poverty to the Wealth of Nations, Second Edition, Oxford University Press. p140-142

What is Growth Accounting? What is Total Factor Productivity?  Hayami, Yujiro. 2001. Development Economics, From the Poverty to the Wealth of Nations, Second Edition, Oxford University Press. p140-142

Why growth accounting concept does not explain the reality?  Nelson, R. Richard. 1996. The sources of Economic Growth. Harvard University Press. Cambridgw Massachusetts. p8

 

 

Historical development of TFP

Kuznets' Pattern - US case(6): 

 

What is the US growth pattern according to Kuznets' findings?

What is the policy implecation of Kuznets findings?

Marx pattern of economic growth(6):

Does Kuznets pattern always appear in the development process of countries?

What was the growth pattern of the Soviet Union?

 

East Asia Pattern of Economic Growth What was the growth pattern of Japanese economy?

Why growth of the Japanese economy did not make the same shift to a typical Kuznets pattern as observed in the US case?

What are the growth patterns of East Asian NIES?

 

Shift from Marx to Kuznets pattern(6):

Will Asian NIEs be able to sustain thier economic growth and eventually shift from Marx to the Kuznets pattern of economic growth?

What would have underlain in the acceleration in technological progress?

How does the shift in demand affect the shift from Marx to Kuznets pattern?