Questions and answers of relevance for the exam May 31, 2016
Course: Economic Growth

General remark: From what I write below nothing can be inferred about the particular contents of the exam assignments. My answers are written from the perspective of the matter in principle.   

Questions received and my answers

Q1. What is meant by a "Barro-style model"?

Reply: I am not aware that I have used that term or that it appears in our syllabus. Nevertheless, let us see what it may mean.

First, the term "Barro-style something" may refer to at least two different things, none of which is part of our syllabus.

Growth analysts speak of "Barro-style growth regressions" in the sense of the empirical approach described in LN 6.4. That section is not in syllabus.

When the term "Barro-style model" is used in a growth context, people think of a model type introduced by Robert Barro in 1990. This type of model is a fully-endogenous growth model with a public sector that delivers productivity enhancing public services with a "large" effect. The effect is "large" enough so as to make a ”reduced-form AK model”, as defined in LN 11, fit the economy.

 
No more questions received before deadline, Sunday May 29 at 18:00.
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