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 课程名称:Research Topics in Growth and Development

主 讲 人:朱晓冬教授,加拿大多伦多大学终身教授、武汉大学特聘教授





Growth Accounting



Level Accounting



Models of Structural Change



Agricultural Productivity Gap



Barriers to Structural Change



Trade, Migration and Aggregate Productivity



Trade and Structural Change


主讲人简介:朱晓冬教授是加拿大多伦多大学的终身教授,武汉大学特聘教授、清华五道口金融学院的访问教授、曾经担任过清华大学和上海交通大学的特聘教授及国际期刊China Economic Review的联合主编,在宏观经济、经济发展等领域有深入的研究,关于中国问题的多篇研究成果在AERJPEJDEJMERED等国际顶尖期刊发表。



Research Topics in Growth and Development


Fall, 2019


Professor Xiaodong Zhu


Course Description


The objective of this short course is to present frontier research topics in growth and development to students who are interested in doing research in this area. To set the stage, I will first talk about the basic neoclassical growth model and growth accounting. Then I will discuss six topics listed below:


1)      Development Accounting

2)      Models of structural change

3)      Agricultural Proudctivity Gap

4)      Barriers to structural change

5)      Trade, migration and aggregate productivity

6)      Trade and structural change


Classes:  There will be seven lectures, each lecture is around 2.5 hours. They will be                          scheduled in the following dates:

September 27, 28, 29; November 8, 10; and December 14, 15


Reading List


         General data reference


·         The Groningen Growth and Development Centre at the University of Groningen maintains several datasets that are commonly used for research in growth and macro-development. In particular, there are four productivity datasets that are very useful:

o   Penn World Table

o   10-Sector Database

o   EU KLEMS Database

o   Productivity Level Database


0.       Growth Accounting  (September 27, 2019)


·         *Lecture Note on Growth Accounting

·         *Young, Alwyn. 1995. “The Tyranny of Numbers,” Quarterly Journal of Economics, 110 (3): 641-680.

·         *Hsieh, Chang-Tai. 2002. “What explains the Industrial Revolution in East Asia? Evidence from the Factor Markets,” American Economic Review, 92(3): 503-526.

·         *Zhu, Xiaodong. 2012. “Understanding China’s Growth: Past, Present and Future.” Journal of Economic Perspectives, 26(4): 103-124.

·         Ventura, Jaume. 1997. “Growth and Interdependence,” Quarterly Journal of Economics, 112(1): 57-84.

·         Neiman, Brent and John Fernald. 2011. “Growth Accounting with Misallocation: Or, Doing Less with More in Singapore,” American Economic Journal: Macroeconomics, 3(2): 29-74.

·         Hayashi, Fumio and Edward C. Prescott. 2002. “The 1990s in Japan: A Lost Decade,” Review of Economic Dynamics, 5: 206-235.



1.      Level Accounting (September 28, 2019)


·         *Lecture Note on Development Accounting

·         *Mankiw, N. Gregory, David Romer, and David N. Weil. 1992. “A Contribution to the Empirics of Economic Growth,” Quarterly Journal of Economics, 107(2): 407-37.

·         *Jones, Charles I. 2016 “The Facts of Economic GrowthHandbook of Economic Growth, Section 4.4-4.5

·         *Hsieh, Chang-Tai and Pete Klenow. 2010. “Development Accounting.” American Economic Journal: Macroeconomics, 2(1): 207-223.

·         Jones, Benjamin. 2014. “Human Capital Stock: A Generalized Approach.” American Economic Review, 104(1): 3752-3777.

·         Hendricks, Lutz and Todd Schoellman. 2018. “Human Capital and Development Accounting: New Evidence from Wage Gains at Migration,” Quarterly Journal of Economics, 133(2): 665-700.


2.      Models of Structural Change (September 29, 2019)

·         *Lecture Note Structural Change

·         *Herrendorf, Berthold, Richard Rogerson, and Akos Valentinyi. 2014. “Growth and Structural Transformation.” in Handbook of Economic Growth.

·         *Comin, Diego, Danial Lashkari, and Marti Mestieri. 2018 “Structural Change with Long-run Income and Price Effects,” unpublished working paper.

·         *Boppart, Timo. 2014. “Structural Change and the Kaldor Facts in a Growth Model with Relative Price Effects and Non-Gorman Preferences.” Econometrica 82 (6).

·         Alder, Simon, Timo Boppart, and Andreas Muller. 2019. “A Theory of Structural Change That Can Fit the Data,” unpublished working paper.

·         Baumol, William J. 1967. “Macroeconomics of Unbalanced Growth: The Anatomy of Urban Crisis.” American Economic Review 57: 415-426.

·         Kongsamult, Piyabha, Sergio Rebelo, and Danyang Xie. 2001. “Beyond Balanced Growth.” Review of Economic Studies 68 (4): 869-882.

·         Ngai, L. Rachel and Christophe Pissarides. 2007. “Structural Change in a Multi-Sector Model of Growth.” American Economic Review 97 (1): 429-443.

·         Acemoglu, Daron and Veronica Guerrieri. 2008. “Capital Deepening and Nonbalanced Economic Growth.” Journal of Political Economy 116 (3): 567-498.



3.      Agricultural Productivity Gap (November 8)

·         *Lecture Note Agricultural Productivity Gap

·         *Restuccia, Diego, Dennis Tao Yang, and Xiaodong Zhu. 2008. “Agriculture and Aggregate Productivity: A Cross-Country Quantitative Analysis.” Journal of Monetary Economics 55 (2): 234-250.

·         *Gollin, Douglas, David Lagakos, and Michael Waugh. 2013. “The Agriculture Productivity Gap.” Quarterly Journal of Economics 129(2): 939-993.

·         *Lagakos, David, and Michael Waugh. 2013. “Selection, Agriculture, and Cross-Country Production Differences.” American Economic Review 103(2): 948-80.

·         Hics, Joan Hamory, Marieke Kleemans, Nicholas Y. Li, and Edward Miquel. 2017. “Reevaluating Agricultural Productivity Gaps with Longitudinal Microdata.” NBER Working Paper 23253.


4.      Barriers to Structural Change: Time-series Analysis (November 10)

·         *Lecture Note on Barriers to Structural Change

·         *Caselli, Francesco and John Coleman 2001. “The U.S. Structural Transformation and Regional Convergence: A Reinterpretation. Journal of Political Economy 109(3): 584-616.

·         *Young, Alwyn. 2003. “Gold into Base Metals: Productivity Growth in the People’s Republic of China during the Reform Period.” Journal of Political Economy, 111 (6): 1220-1261.

·         *Brandt, Loren, Chang-Tai Hsieh, and Xiaodong Zhu. 2008. “Growth and Structural Transformation in China.” In Loren Brandt and Thomas Rawski ed. China’s Great Economic Transformation, pp. 569-632, Cambridge University Press.

·         *Brandt, Loren and Xiaodong Zhu. 2010. “Accounting for China’s Growth,” University of Toronto Working Paper No.394.

·         Hayashi, Fumio and Edward C. Prescott. 2008. “The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy.” Journal of Political Economy 116 (4)

·         Rodrik, Dani. 2013. “Unconditional Convergence in Manufacturing.” Quarterly Journal of Economics 126 (1): 165-204.


5.      Trade, Migration and Aggregate Productivity (December 14)


·         *Lecture Note on Trade and Migration

·         *Eaton, Jonathan and Samuel Kortum. 2002. “Technology, Geography, and Trade.” Econometrica 70 (5) :1741-1779.

·         *Tombe, Trevor and Xiaodong Zhu. 2019. “Trade, Migration, and Productivity: A Quantitative Analysis of China,” American Economic Review, 109(5): 1843-1872.

·         Bryan, Gahrad and Melanie Morten. 2018. “The Aggregate Productivity Effects of Internal Migration: Evidence from Indonesia,” Journal of Political Economy, forthcoming.

·         Caliendo, Lorenzo, Maximiliano Dvorkin, and Fernando Parro. 2015. “Trade and Labor Market Dynamics: General Equilibrium Analysis of China Shock.” NBER Working Paper No. 21149.


6.      Trade and Structural Change (December 15)


·         *Lecture Note on Trade and Structural Change

·         *Mastuyama, Kiminori. 2009. "Structural Change in an Interdependent World: A Global View of Manufacturing Decline." Journal of the European Economic Association 7: 478-486.

·         *Uy, Timothy, Kei-mu Yi, and Jing Zhang. 2013. “Structural Change in an Open Economy.” Journal of Monetary Economics, 60: 667-682.

·         *Matsuyama, Kiminori. 2019. "Engel's Law in the Global Economy: Demand-Induced Patterns of Structural Change, Innovation, and Trade", Econometrica, 87: 497-528.

·         Tombe, Trevor. 2015. “The Missing Food Problem: Trade, Agriculture, and International Productivity Differences.” American Economic Journal: Macroeconomics, 7(3): 226-258.

·         Sposi, Michael. 2018. “Evolving Comparative Advantage, Sectoral Linkages, and Structural Change.” Journal of Monetary Economics forthcoming

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