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BUAD 5500, Topic 6, Economic Growth

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Dale DeBoer
Dale DeBoer
Educación
1 de 12
Growth Spring 2013 Topic 6
What is growth? Short-run Expansion in GDP Long-run Expansion in productive potential
Sources of short-run growth Business cycle fluctuations Fiscal and monetary policy
Sources of long-run growth Factors of production
Growth stories Why don’t resources matter? The special case of “Dutch Disease”
Growth stories Why savings might matter?
Growth stories Why savings might matter?
Growth stories Why savings might matter? Catch-up model of growth Production function Diminishing marginal returns
Growth stories Why savings might matter? Managing the transition
Growth stories Why savings might matter? Lessons for the US? Innovation Does it matter whose savings?
Growth stories Population and growth Positive factor
Growth stories Population and growth Negative factors Thinning of the capital stock Dependency

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BUAD 5500, Topic 6, Economic Growth