Length: Maximum 5,000 words
2. Endogenous growth theory ( I will takes this model as an example below)
Using relevant material from lectures and readings, and at least six sources from your own
research, write a critical analysis of each theory in a structured essay that considers 1)
how they relate to globalization, 2) the evidence for/against them, 3) how they can inform
policy, and 4) their limits.
Recommended essay format:
Use subsections to organize your analysis. A suggested structure for each of the two theories
Theory 1: Short name of theory
Section 1: Overview of theory
— A complete exposition of the key elements of the theory and making sure to explain how
global integration (financial or trade) fits with the theory. Include diagrams and equations, if
Section 2: Supporting evidence
— Cite at least two other papers here for each theory. Recreate tables, graphs etc. from source
material if it is useful.
Section 3: Policy implications
— Describe how does the theory can inform policy-making?
Section 4: Critique and alternative explanations
— Cite at least two other papers here. Add further tables, graphs etc. if necessary.
Theory 2: Endogenous Growth Theory
Overview of Endogenous Growth Theory Describe the meaning of the equations /formula/ graph. There is a category of endogenous
model’s view. Just for intense. If you find a better organize, you can change it.
1. (Murphy, Shleifer and Vishny,1989).
3. Endogenous technological progress Arrow’s Model (explain their views and
why/how they are different. Choose two to explain very detail)
3）Monopoly competition and R&D theory
These articles are our course reading, choose at least one thanks.
1. Romer, P. (1990). Endogenous Technological Change. Journal of Political Economy.
2. Bassanini, A. & Scarpett, S. (2001). The Driving Forces of Economic Growth: Panel Data
Evidence for the OECD Countries. OECD Economic Studies, 2001, 33 (2).
3. Mata, T. and Louca, F. (2009).The Solow Residual as a Black-box. History of Political
4. Rostow, W. (1960). The Stages of Economic Growth: A Non-Communist Manifesto.
Cambridge University Press. Chapter 2.
5. The Economist. (2006). The growth of growth theory.
6. De-Long, B.J. Growth Accounting.
Endogenous Growth Theory Relation to Globalization
For instance: international trade effect the K, A in endogenous model.
Section 2 You can support the evidence either for over view endogenous model or global integration
(financial or trade) fits with the theory.
Use this reference’s data:
and choose one more at least.
How the Theory Forms Policy Implications:
Section 4: Critique and Alternative Explanation
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