大二下专业课宏观经济学颜色lecture.pptx

Lecture 6Economic Growth;Economic Growth;some statistics;Huge effects from tiny differences;Long term growth effect;World Distribution of Income;World Income Map;South vs. North;8;Real GDP per capita, 1975–2003;Life Expectancy and Income (Preston, 1976);11;Heights of Males and Females in China;Happiness and Income;The Solow Model;How Solow model is different from Chapter 3’s model;Production;Production;Production;Production;Production;Demand;Demand;Capital Accumulation;Capital Accumulation;Capital Accumulation;Capital Accumulation;Capital Accumulation;Determining the capital–labor ratio in the steady state;Capital Accumulation;Capital Accumulation;Increase in Savings Rate;Increase in Savings Rate;Golden Rule;Golden Rule;Golden Rule;Golden Rule;Golden Rule;Golden Rule;The relationship of consumption per worker to the capital–labor ratio in the steady state;Golden Rule;Golden Rule;Transition to Golden Rule;Transition to Golden Rule;Transition to Golden Rule;Transition to Golden Rule;Transition to Golden Rule;International Evidence on Investment Rates and Income per Person;Population Growth;Break-even investment;The equation of motion for k;The Solow Model diagram;The impact of population growth;Prediction:;International Evidence on Population Growth and Income per Person;55;;The Golden Rule with Population Growth;Technology Progress;59;60;61;62;63;64;65;slide 66;67;68;69;Government Policies to raise the rate of productivity growth;Government Policies to raise the rate of productivity growth;Why is technological breakthroughs progress so unequal across countries?;The Geography Factor;The Institutions Factor;Institutions and Economic Performances;Institutions and Economic Performances;But institutions are complicated: identification problem;But institutions are also endogenous;79;80;81;82;83;84;85;86;Growth Accounting;88;Computing TFP;90;Labor Share in the Cobb-Douglas Production Function;Result;Total Factor Productivity in the U.S.;Decomposing Growth Rates;Growth Dec