Robert Lucas and Paco Buera | Idea Flows and Economic Growth

Acemoglu and Robinson on the geography hypothesis

David Card on George Borjas and immigration

What Was the Industrial Revolution? – Robert E. Lucas

Ideas and Growth Lecture with Nobel Laureate Robert E. Lucas Jr

Two lectures on the theory of economic growth – Peking University. 1.2 Micheal Bordrin

The role of greater equality in post-war economic growth (a one-time growth spurt from less misallocation of talent?)

Paul M. Romer: Lecture in Economic Sciences 2018

Paul Romer’s contributions

Still waiting for the growth dividend of the education boom

The wage bump from 1% Oz company tax cut @TheAusInstitute @GrattanInst @JordNZ

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26th anniversary of Julian Simon @PaulREhrlich bet @GreenpeaceNZ @GreenpeaceUSA

Graduate numbers quadruple! Zero economic growth premium?

Some people get quite excited about the growth benefits and externalities from investing in more human capital such as more young people going to university. In New Zealand, the number of graduates quadrupled over the last 30 years but the trend GDP growth rate is unchanged. Please explain?

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Source: Educational attainment of the adult population: The Social Report 2016 – Te pūrongo oranga tangata.

Age distributions of authors in top US economics journals, 1963­-2011

Economics used to be a young man’s game but no more. Considerable investment is needed in learning your craft before people start publishing, much less get into the top journals.

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Source: Ageing and productivity: Economists and others | VOX, CEPR’s Policy Portal.

Tertiary attainment of 25-34 and 55-64 year-olds across the OECD

Some countries have experienced large increases in the number of young people graduating from University when compared to their parents. Germany and the USA aside, all countries have experienced a noticeable increase in young adults with tertiary degrees.

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Source: Education at a Glance 2015 – © OECD 01-01-2015.

If human capital is such a major driver of economic growth, should not these countries with large increases in tertiary educated workers be anticipating a growth spurt? The gaps in tertiary attainment across the OECD are much less than they used to be for young adults. Ireland’s burst in tertiary educated workers was after the Celtic Tiger years, not before or during.

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Source: Education at a Glance 2015 – © OECD 01-01-2015.

 

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