University of Toronto
Department of Economics

Eco2704H1F Topics in Growth and Development

Fall 2012


Instructor: Professor Xiaodong Zhu

Office: Max Gluskin House, 150 St. George Street, Room 200
Phone: (416)978-7134 (St. George campus)
Email: xzhu@chass.utoronto.ca

Office Hour: Monday 3:00am-4:00am or by appointment

 


 

 

Model-based accounting method

Some basic facts about the evolution of international income levels

PPT file

 

 

·      Week Two (September 17)

 

Structural Transformation: My lecture notes on two basic models of structural transformation

Presentation Slides

 

 

·      Week Three (September 24)

 

Structural Transformation: Long-term Growth

Presentation Slides

 

·      Week Four (October 1)

 

Structural Transformation: Cross-Country Income Differences

Presentation Slides

 

·      Week Five (October 8)

 

Thanksgiving, no class

 

·      Week Six (October 15)

 

Trade models:

 

Kiminori Matsuyama “Structural Change in an Interdependent World: A Global View of Manufacturing Decline.” Journal of

European Economic Association 2009;7(2-3):478-486.

 

Eaton-Kortum Model

 

·      Week Seven (October 22)

 

Student Presentations:

 

            Jessica Burley:  Dave Donaldson (2009): Railroads of the Raj: Estimating the Impact of Transportation Infrastructure.

           

                              Chaoran Chen: Michael Waugh (2009): International Trade and Income Differences, Presentation Slides

 

·      Week Eight (October 29)

 

Student Presentations:

           

                              Eric Zhi: Kei-Mu Yi and Jing Zhang (2010): Structural Change in an Open Economies

 

Trade models:

           

Melitz Model

 

 

 

·      Week Nine (November 5)

 

Misallocation:

 

Diego Restuccia and Richard Rogerson (2008) “Policy Distortions and Aggregate Productivity with Heterogeneous Plants” Review of Economic Dynamics, vol. 11(4),pages 707-720, October

 

Chang-Tai Hsieh and Peter J. Klenow (2009) “Misallocation and Manufacturing TFP in China and India” Quarterly Journal

of Economics 124, November 1403-1448.

 

 

·      Week Ten (November 12)

 

Misallocation:

 

Guest lecture by Diego Restuccia: The Size Distribution of Farms and International Productivity Differences

 

·      Week Eleven (November 19)

 

Student Presentations:

 

Ayesha Ali: Collard-Wexler, A., J. Asker, and J. De Loecker (2012): “Productivity Volatility and the Misallocation of Resources in Developing         

Economies

 

John Gillraine: Chang-Tai Hsieh, Erik Hurst, Chad Jones and Peter J. Klenow (2012) “The Allocation of Talent and U.S Economic

Growth”      

           

 

·      Makeup Class (November 23, 2-3:30pm, GE100)

 

Chang-Tai Hseh and Peter J. Klenow (2012) "The Life Cycle of Plants in India and Mexico

 

Atkeson, Andrew and Ariel Burstein (2008), “Pricing-to-Market, Trade Costs, and International Relative Prices," American Economic Review, 98 (5), 1998-2031

 

 

·      Week Twelve (November 26)

 

Finance and Development:

 

Douglas Diamond (1984) “Financial Intermediation and Delegated Monitoring” Review of Economic Studies 51(3) 393-414.

 

Jeremy Greenwood & Juan M. Sanchez & Cheng Wang, 2010. "Financing Development: The Role of Information Costs,”American

Economic Review, 100(4), pages 1875-91, September.

 

 

·      Week Thirteen (November 28, 4-7:00pm, GE168)

 

Student Presentations:

 

                                    Shiny Zhang: Laeven, Levine and Michalopoulos (2012) "Financial Innovation and Endogenous Growth", NBER Working

Paper No. 15356

 

            Presentation Slides

 

Ashique Habib: Gilchrist and Zakrajsek (2012) "Misallocation Losses Owing to Financial Distortions: Direct Evidence From Dispersion in Borrowing Costs"

 

            Presentation Slides

 

Kevin Devereux: Fumio Hayashi and Edward Prescott (2008) “The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy,” Journal of Political Economy, 2008, vol.116, no.4

 

            Presentation Slides