UP1-PROG-02-M1B403-119 - Master 1 Economie du développement;B40B0219 - Development macroeconomics - Cours magistral
Intitulé du Cours : Development Economics (Macro)
Diplôme / Année : Master 1 Economie du Développement
Volume Horaire et nombre de séances : 36h
Modalités d’examen : Final exam
Instructors/Enseignants: Rémi Bazillier and Hillel Rapoport
Course description/objectif du cours
The course deals with a number of important questions from the perspective of developing countries. It starts with a general introduction presenting the structural features of developing countries and the evolution of inequality between and within countries both comparatively and in reference to history. The following questions are then studied: inequality, redistribution and development; the “big push” theory and industrialization policies; rural-urban migration and urbanization; institutions and development; development aid and governance. The course is based on development textbooks and on a series of required readings (i.e., they are part of the material to be studied for the final exam).
Le cours traite d’un certain nombre de questions importantes dans la perspective des pays en développement. Après une introduction générale présentant les caractéristiques structurelles des pays en développement et l’évolution des inégalités entre pays dans une perspective de développement comparé faisant une large place à l’analyse historique, les points suivants seront abordés : inégalité, développement et politiques de redistribution ; théorie du « big push » et politiques d’industrialisation ; migrations rurales-urbaines et politiques d’urbanisation ; institutions et développement : politiques d’aide au développement et gouvernance. Le cours se base sur des manuels d’économie du développement ainsi que sur des articles de recherche. Les chapitres d’ouvrages et articles de recherche mentionnés dans les différentes partie de cours ci-dessous sont des lectures obligatoires (c’est-à-dire dont le contenu peut faire l’objet de questions d’examen).
Textbooks:
Michael P. Todaro & Stephen C. Smith (2011), Economic Development, Addison-Wesley, 11e edition
Ray, Debraj: Development Economics, Princeton University Press.
Easterly, William: The Elusive Quest for Growth: Economists’ Adventures and Misadventures under the Tropics, MIT Press.
Basu, Kaushik: Analytical Development Economics, MIT Press.
Jared Diamond: “De l’inégalité parmi les sociétés” (traduction de “Guns, Germs and Steel”, Penguin Books)
Plan du Cours / Course outline :
Part 1 (Hillel Rapoport)
1. Introduction: between and within-country inequality
1.1. Between-country inequality: historical and comparative perspective
1.2. Poverty rates and inequality measurement : the Lorentz curve
1.3. International comparisons of living standards: development indicators
1.4. The Kuznets curve and its interpretation
Readings:
Daron Acemoglu: “Root causes: A historical approach to assessing the role of institutions in economic development”, Finance and Development, June 27-30, 2003.
Jared Diamond: “Guns, Germs and Steel”, Parts I and II.
2. Inequality and development
2.1. Is inequality good or bad for growth?
2.2. Savings, redistribution and growth
2.3. The functional role of inequality: an occupation choice model.
2.4. Empirical analysis: the causal link between inequality and development
Readings:
Ray, Chapter 7
William Easterly: “Inequality does cause underdevelopment: insights from a new instrument”, Journal of Development Economics, 2007.
3. Modernization and growth
3.1. The State-led economy and the Soviet model: central planning and the road to serfdom.
3.2. The fall and rise of development economics
3.3. The « big push » model revisited by Krugman (1994).
Readings:
Paul Krugman: “The Fall and Rise of Development Economics”, Working Paper, 1994. http://rrojasdatabank.info/krugman1994.pdf
4. Rural-urban migration and urbanization.
4.1.The model of a dual economy by Lewis (1954)
4.2.The Harris and Todaro (1970) model
4.3.Endogenizing the urban-rural wage gap (Stiglitz, 1974)
Readings:
Basu, Chapitres 7-9
Part 2 (Rémi Bazillier)
I. Growth, Convergence, Poverty Traps and Development
a. Solow Model and Convergence
i. Solow Model
ii. Beta and Sigma Convergence
iii. Convergence and industrial development
b. Endogenous growth models and development
i. The AK model
ii. Romer I
iii. Romer II
iv. Lucas
v. Productive public good and growth
c. Multiple Equilibrium, Convergence clubs and growth dynamics
i. Multiple equilibrium in levels
ii. Convergence clubs in growth rate
iii. Empirical tests of convergence clubs
iv. Dynamics out a development trap: poverty exits and growth accelerations
v. Middle income trap and multiple growth accelerations
d. Poverty trap
i. Poverty trap as a result of financial market failure
ii. Risk aversion and poverty trap
iii. Poverty trap and labour market
iv. Poverty, Psychology and behavioural poverty traps
v. Geographical poverty trap
II. The empirics of the fundamental and historical determinants of development
a. The empirics of comparative development and the challenge of identification
b. Fundamental Determinants of Development
i. Geography
ii. Integration
iii. Institutions
iv. The Primacy of Institutions?
c. Historical Determinants of Development
i. Explaining persistence
ii. Historical Factors
iii. The role of Populations
Informations sur l'espace de cours
| Nom | Archive année [2019-2020] Master 1 Economie du développement - Development Economics (Macro) |
| Nom abrégé | [2019-2020] UP1-PROG-02-M1B403-119-01 - Development Economics (Macro) |
| Groupes utilisateurs inscrits | Consultation des ressources, participation aux activités :
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Rattachements à l'offre de formation
| Élément pédagogique | UP1-PROG-02-M1B403-119 - Master 1 Economie du développement |
| Chemin complet | > Année 2023-2024 > Paris 1 > École d'économie de la Sorbonne > Master 1 Economie du développement |
| Élément pédagogique | UP1-C-ELP-B40B0219 - Development macroeconomics |
| Chemin complet | > Année 2023-2024 > Paris 1 > École d'économie de la Sorbonne > Master 1 Economie du développement > Semestre 2 > UE1 Cours fondamentaux > Development macroeconomics |