Growth and Innovation in Europe and the Global Economy
Academic year 2012-13
Date last modified
School of Business and Economics
A.H. van Zon
The Lisbon strategy is meant to turn the EU into the most competitive economic entity on the world in order to generate the highest but still sustainable rates of growth possible. To do that it has adopted the promotion of R&D activity as one of its main tactics. In this block, we will look into the theoretical foundations of the growth part of the Lisbon strategy, first by studying traditional growth theory and secondly by focusing more clearly on the additions to the traditional growth framework coming from new (or endogenous) growth theory. There are different proto-typical new growth theory models, each of them focusing on different features of growth performance, but all of them emphasizing the overriding importance of knowledge and human capital accumulation, as accepted in the Lisbon strategy. During the course, we will spend time constructing and simulating these proto-type models, in order to see how, in each of these models, economic policy would be able to influence growth performance in Europe.
The goal is to understand how innovation and technological change cause economic growth, and growth rate differentials between countries and changes in the distribution of income between groups within countries. Students will develop a deep analytical understanding of the relationship between innovation, economic growth and distribution issues.
Intermediate knowledge of mathematics and economics is required. Exchange Students need to have obtained a Bachelor degree in economics.
To be announced.
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