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unitroot · 08-03-2008, 11:58 PM

Maybe I am wrong, but based on my superficial brush with macroeconomics, the theoretical growth models had been beaten to death. The Solow model, neoclassical growth, and endogenous growth models have been studied a lot. It's reasonably well known which aspects of growth these models explain well and what are their shortcomings. Of course, these is probably room for improvement. However, in the recent times there was more emphasis subjects that are outside of the domain of these models, such as the role of political economy and institutions, financial system, and trade in growth. MIT's Acemoglu has studied institutions and growth recently. Brown has 2-3 growth specialists and one of Brown's graduates this year had a thesis paper on the role of financial innovation on economic growth. So I think MIT and Brown should be very good departments for growth as well.

Golden Rule · 08-04-2008, 12:00 AM

A good way to evaluate schools is to see what students they're producing (last year's job market candidates are still online in many places). Have Paul Romer or Xavier Sala-i-Martin been primary dissertation advisers for anyone in the last decade? It's bad idea to go to a school based on one person -- even worse if that person isn't regularly advising!!

Berkeley with Charles Jones is one place to look at. At least he had a student this year. Though I think he's rumored to Stanford? (he's visiting at the GSB)

Abdullak · 08-04-2008, 02:32 AM

Robert Lucas - Chicago. It seems that he`s still advising a lot of students.

JEL.L63 · 08-04-2008, 08:16 AM

Thanks to all for your kind replies. It seems, for your answers, that the best places for me will be Stanford. Mainly if the rumor of Jones going to stanford results to be true. There I would have the mentorship of two growth theorist, Jones himself and Romer.

Gecko · 08-04-2008, 02:27 PM

Romer, if u believe in New Growth Theory, haha

I do remember this sharp remark by Solow in JEP, about the tendencies for the new growth people to insert a plum pudding into their argument, before pulling it out and exclaiming that as the wonders of their model, allowing for sustained long term growth.

Golden Rule · 08-04-2008, 03:14 PM

Quote:

Originally Posted by JEL.L63

Thanks to all for your kind replies. It seems, for your answers, that the best places for me will be Stanford. Mainly if the rumor of Jones going to stanford results to be true. There I would have the mentorship of two growth theorist, Jones himself and Romer.

Is Romer even teaching any more? I recalled reading something saying he wasn't. Here's the best article I could still find: InnovationBeat: Paul Romer envisions a Hong Kong ... in Africa

Karina 07 · 08-05-2008, 05:28 PM

Quote:

Originally Posted by Golden Rule

People here can correct me if I'm wrong, but I feel the way that field is evolving is that no one really does economic growth as their primary field these days. Rather, the cutting edge research in economic growth is done by specialists in other fields who then develop growth models that incorporate elements/evidence from their fields. This is the impression I get from looking at this year's NBER Summer Institute schedule on economic growth. No one on this list strikes me as a specialist in economist growth -- a nice mix of IO, trade, macro, labor economists.

Seconded.

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08-03-2008, 11:58 PM	#11 (permalink)
unitroot Within my grasp! Join Date: May 2008 Posts: 188	Maybe I am wrong, but based on my superficial brush with macroeconomics, the theoretical growth models had been beaten to death. The Solow model, neoclassical growth, and endogenous growth models have been studied a lot. It's reasonably well known which aspects of growth these models explain well and what are their shortcomings. Of course, these is probably room for improvement. However, in the recent times there was more emphasis subjects that are outside of the domain of these models, such as the role of political economy and institutions, financial system, and trade in growth. MIT's Acemoglu has studied institutions and growth recently. Brown has 2-3 growth specialists and one of Brown's graduates this year had a thesis paper on the role of financial innovation on economic growth. So I think MIT and Brown should be very good departments for growth as well.

08-04-2008, 12:00 AM	#12 (permalink)
Golden Rule TestMagic Guru-in-Training Join Date: Dec 2006 Posts: 552	A good way to evaluate schools is to see what students they're producing (last year's job market candidates are still online in many places). Have Paul Romer or Xavier Sala-i-Martin been primary dissertation advisers for anyone in the last decade? It's bad idea to go to a school based on one person -- even worse if that person isn't regularly advising!! Berkeley with Charles Jones is one place to look at. At least he had a student this year. Though I think he's rumored to Stanford? (he's visiting at the GSB)

08-04-2008, 02:32 AM	#13 (permalink)
Abdullak Trying to make mom and pop proud Join Date: Mar 2006 Posts: 3	Robert Lucas - Chicago. It seems that he`s still advising a lot of students.

08-04-2008, 08:16 AM	#14 (permalink)
JEL.L63 Trying to make mom and pop proud Join Date: Jul 2008 Posts: 26	Thanks to all for your kind replies. It seems, for your answers, that the best places for me will be Stanford. Mainly if the rumor of Jones going to stanford results to be true. There I would have the mentorship of two growth theorist, Jones himself and Romer.

08-04-2008, 02:27 PM	#15 (permalink)
Gecko Eager! Join Date: May 2008 Posts: 52	Romer, if u believe in New Growth Theory, haha I do remember this sharp remark by Solow in JEP, about the tendencies for the new growth people to insert a plum pudding into their argument, before pulling it out and exclaiming that as the wonders of their model, allowing for sustained long term growth.

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