Empirics of Growth

Faculteit Economie en Bedrijfskunde
Jaar 2021/22
Vakcode EBM178A05
Vaknaam Empirics of Growth
Niveau(s) master
Voertaal Engels
Periode semester II b
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Uitgebreide vaknaam Empirics of Growth
Leerdoelen 1. Reflect at an advanced level on the determinants of economic growth and development of nations.
2. Advanced understanding of the measurement theories behind comparisons of economic growth across countries and over time.
3. Apply hands-on alternative measurement concepts to compare developments across countries.
4. Summarize and critically discuss the main findings and methods of the articles studied.
Omschrijving How do we measure growth and development in countries? Traditionally, economists rely on the concept of Gross Domestic Product (GDP). However, it is well acknowledged that measuring GDP is not straightforward, and that although it provides a good first pass, welfare is a much broader concept (beyond GDP). Is economic theory capable of providing alternative measures? In this course we will show that it does. We start by laying out the main trends in the world economy, and have a first pass on its determinants using advanced measurement techniques of comparative output and productivity levels. We move on discussing recent alternatives to the measurement of long-run GDP including real wages used in economic history, social indicators and even night-lights seen from outer space. Measures beyond GDP including welfare, inequality and sustainability will also be addressed. Throughout the course the emphasis is on theory-based measurement frameworks.
Uren per week 5
Onderwijsvorm -hoorcollege ,  -werkcollege
Toetsvorm -tussentijds tentamen (open vragen)
Vaksoort master
Coördinator prof. dr. R.C. Inklaar
Docent(en) prof. dr. J. Bolt ,prof. dr. J.H. Garretsen ,prof. dr. R.C. Inklaar ,prof. dr. B. Los
Verplichte literatuur
Titel Auteur ISBN Prijs
Entreevoorwaarden For students in the Research Master in Economics & Business, in particular those with a background in economics and who have taken ReMa courses in macroeconomics.
Opgenomen in
Opleiding Jaar Periode Type
Research Master in Economics and Business  (keuzevakken ReMa-Economics) 1 semester II b keuze