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About 14.06 Lecture Notes Intermediate Macroeconomics: George-Marios Angeletos MIT Department of Economics Spring 2004
This document provides an introduction and overview of key concepts in intermediate macroeconomics. It discusses growth facts including the large dispersion in income levels and growth rates across countries from 1960 to 2000. While income differences are persistent, conditional convergence shows countries with similar characteristics tend to converge. Stylized facts that should guide economic growth models are also outlined, such as balanced growth, the importance of education, R&D, government policies, and openness in explaining differences in growth rates.
Detailed Information
| Author: | ['pareek'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 15 |
| Language: | English |
| Format: | |
| Price: | FREE |
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