ECONOMIC GROWTH
Spring 2016

Errata to lecture notes
(continually updated) 

18/2   
    LN, Ch. 2, p. 24, line 5-7:    Starting with "As explained ..." delete.
    -   , p. 25, line 13-14:    Delete ", cf. Appendix A".

26/2
    LN, Ch. 2, p. 31, line 9:    "Appendix A"    should read    "Appendix A of Lecture Notes to Macroeconomics" (see.  
        -     p. 32, n. 8:    "Appendix"    should read    "Appendix B".
        -     p. 50, line 2-3:    Delete ", cf. the next chapter".
        -     p. 55:    Table 4.1 lacks a fifth column to the right with "sigma = infinity" in the upper cell and "Linear"" in the lower cell.
   
    LN, Ch. 4, p. 69, line 6:    "do three"    should read    "there are three".
        -   , p. 79, line 2 from below:    ", and consumption per unit ..."    should read    ", capital-labor ratio, k=K/L, and consumption per unit ...".
        -   , p. 82, line 8-9:    "that is some of"    should read    "and thereby to".

    LN, Ch. 5, p. 90, line 8:    "and thus approximated by the ..."    should read     "and thus be approximated by two-years moving averages of the ...".
        -   , p. 98, line 14-15 from below:    "becomes driven by (´explained by´)"    should read    "becomes ´driven by´".
        -   , p. 99, eq. (5.21):    All "ε_Kt" in this equation skould read "α_it*".

4/3
    LN, Ch. 4, p. 72, line 14:    "technical change is skill-biassed"    should read    "technical change favors skilled labor (and does so even when L_2/L_1 is rising".
        -   , p. 80, line 4:    "must grow at"    should read    "and k = K/L must grow at".
        -   , p. 81, line 3 from below:    "part (i) of Proposition 2"    should read    "part (i) of Proposition 1".   

    LN, Ch. 6, p. 103, line 3-2 from below:    "f´´ < 0, and"    should read    "f´´ < 0. We assume that". 

16/3
    LN, Ch. 7, p. 119, eq. (7.2):  From the point of view of empirical realism, the parameter inequality "ε ≤ 1" should be added (see Afterthoughts).

31/4
    Short Note 1, p. 3, line 1:    "endogenous in such way"    should read    "endogenous but in such way".

4/5
    LN, Ch. 9, p. 161, line 9 from below:    After "the learning process)." add "The level of technical knowledge in society may also matter. At present we interpret that aspect as being reflected by the size of h_0."
        -    , p. 170, line 6 from below:    "is a plausible"    should read    "is a particularly plausible".
        -    , p. 171, line 3:    "The Mincer equation is"    should read    "The Mincer equation, in its simplest form, is"   
        -    , p. 171, line 13 from below:    "offered to people"    should read    "offered to people like for instance in (9.18)".  
        -    , p. 171, line 7 from below:    "satisfying (9.32)"    should read    "satisfying (9.24) at S = S*".
        -    , p. 175, middle:    "materials per student etc."    should read    "materials per student, the level of technical knowledge in society, etc.".   

12/5
    LN Ch. 9, p. 195, line 3 of headline:    delete "Distributive politics".

18/5
    Short Note 2, p. 14, line 7:    "N_Y"    should read    "L_Y".

23/5
    Short Note 1, p. 2, middle:    "in a coming exercise you will be asked to show"    should read    "one can show".
        -               , p. 6, line 11 from below:    "to be of interest?"    should read    "to be a reliable guide?"
    Short Note  2, p. 7, line 9 from below:    "BGP) would be larger"    should read    "BGP) would be smaller".
        -                , p. 11, line 1:    "Second, for"    should read    "Second, by the Keynes-Ramsey rule, for".
        -                , p. 14: line 7, the Y formula:    "N_Y" should read    "L_Y".    
       
    LN, Ch16, p. 309, line 7:    "likely speeded up"    should read    "likely speeded up by".
        -          , p. 312, line 4 from below:    "(*) implies"    should read    "(16.24) implies".
                Outside syllabus:
        -          , p. 316, line 5 from below:    "as given in (16.30)."    should read    "as given in (16.30). This also ensures u > 0."
        -          , p. 320, line 1:    "with CES production function"    should read    "with a quite general production function".   
        -                -     , line 2 from below:    "We may write (16.34) as"    should read    "We may write (16.33) as".
        -          , p. 322, line 7:    In "... know from Chapter 2 that"    delete   "that".
        -                -     , line 8:    "Applying (??)"    should read    "Applying (2.36)".  

26/5
    LN, Ch. 13, p. 231, line 1:    "For details, see" should read    "In the context of the AK model, a related phenomenon is treated in".
        -            , p. 248, line 4:    "in Section 13.5.2:"    should read    "repeated several times in this course:"     

27/5    LN, Ch. 16, p. 294, footnote 2:    In line 1, before "By ..."    add    "By L'Hôpital's rule for ∞/-∞, one can show that the right-hand side of (16.1), for fixed c and q, approaches min(c, q) for beta approaching -∞ (hence sigma approaching 0)."
        -            , p. 302, line 5-4 from below:    "isoquant curve"    should read    "isoquant curve for fixed L".
        -            , p. 309, eq. (16.16):    Delete "+ lambda".

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