43 min listen
Episode 106: Theories of Economic Growth and Development
Episode 106: Theories of Economic Growth and Development
ratings:
Length:
71 minutes
Released:
May 31, 2020
Format:
Podcast episode
Description
In this fourth part of our series on economic growth and development, I outline the major theories of economic development developed over the past sixty years. I trace the development of such theories beginning with the Harrod-Domar theory, and proceeding through the Solow-Swan model, the Ramsey model, Romer's spillovers model, and endogenous growth theory, in each case discussing their key features, and analysing their strengths and weaknesses. The episode concludes with a brief survey of a range of more recent growth models focusing on modelling coordination failures and poverty traps, emphasising the work of Daron Acemoglu on economic institutions. The Recommended pre-listening is Episode 105: Economic Growth and Development Part III.
If you enjoyed the podcast please consider supporting the show by making a paypal donation or becoming a patreon supporter.
https://www.patreon.com/jamesfodor
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If you enjoyed the podcast please consider supporting the show by making a paypal donation or becoming a patreon supporter.
https://www.patreon.com/jamesfodor
https://www.paypal.me/ScienceofEverything
Released:
May 31, 2020
Format:
Podcast episode
Titles in the series (100)
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