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Docente
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ROTA MAURO
(programma)
Topic 1- Divergence
The historical background before 1850.
The Great Divergence. When did Europe overtake China? The Malthusian economy. The effects of war, urbanization, plagues, and early market integration.
The Little Divergence. When did England overtake the rest of Europe? The high wage hypothesis and its critiques. Alternative hypothesis: geography, institutions and market integration.
Topic 2- Technology and growth
The industrial revolution and the intellectual revolution in Europe.
Theories of industrial revolution in England: exogenous or endogenous growth? Reviewing major contributions from economic growth. The enlightenment and the industrial revolutions. Technological change and persistence after the classical Industrial revolutions. The role of human capital, demography and culture. The spread of industrialization across XIX Century.
Topic 3- Institutions and culture
The role of institutions in long run economic development. Definition of institutions, institutional changes in early modern epoch and its effects.
The interplay between institutions and culture.
Topic 4- Globalization
Market integration since 1870: trade, capitals and exchange rates mechanisms. Market disintegration after World War I: the interwar years and the 1929 crisis.
Topic 5- Economic Growth and global challenges after World War II
The Golden Age of growth, the new wave of globalization after 1971. European integration. Global imbalances in the European and World economy. The IT revolution in historical perspective. Secular stagnation
 There is no handbook. A list of academic papers is provided instead. Here an indicative list:
1. Maddison, A. (2005), Measuring and Interpreting World Economic Performance 1500-2001, Review of Income and Wealth, 51, pp. 1-35.
2. Mokyr, J. and Voth, H.-J. (2007). Understanding growth in Europe, 1700-1870: Theory and evidence, in Broadberry S. and O'Rourke K. H., The Cambridge economic history of modern Europe - Cambridge : Cambridge University Press.
3. Crafts N., Exogenous or endogenous growth? The industrial revolution reconsidered, in The Journal of Economic History, (1995), 55(04), 745-772.
4. Nico Voigtländer e Hans-Joachim Voth, The three horsemen of riches: Plague, war, and urbanization in early modern Europe, in The Review of Economic Studies, (2013), 80 (2), pp. 774-811.
5. Allen, R. C. (2001) The great divergence in European wages and prices from the middle ages to the first world war. Explorations in Economic History, 38:411–447
6. Allen, R. C. (2012). Technology and the great divergence: Global economic development since 1820. Explorations in Economic History, 49(1), 1-16.
7. North, D. C. and Thomas, R. P. (1970). An economic theory of the growth of the western world. The Economic History Review, 23 (1), pp. 1–17
8. North, D. C. and Weingast, B. W. (1989). Constitutions and commitment: The evolution of institutions governing public choice in seventeenth-century England. Journal of Economic History, 49(4):803–32
9. Acemoglu, D., Johnson, S., and Robinson, J. (2005). The rise of Europe: Atlantic trade, institutional change, and economic growth. American Economic Review, 95(3):547–579.
10. Acemoglu, D., Johnson, S., and Robinson, J. A. (2001). The colonial origins of comparative development: An empirical investigation. American Economic Review, 91(5):1369–1401
11. Acemoglou, D. and Johnson, S. (2005), "Unbundling Institutions", Journal of Political Economy, 113, 949-995.
12. Crafts, N., O’Rourke K., Twentieth Century Growth. No. 152. Competitive Advantage in the Global Economy (CAGE), 2013.
13. Feinstein, Charles H., Peter Temin, and Gianni Toniolo. "The European economy between the wars." OUP Catalogue (1997). Selected Chapters
14. Crafts, N. and Fearon, P. (2010), “Lessons from the 1930s Great Depression”, Oxford Review of Economic Policy, 26, 285-317
15. Grossman, R. and Meissner, C. (2010), “International Aspects of the Great Depression and the Crisis of 2007: Similarities, Differences and Lessons”, Oxford Review of Economic Policy, 26, 318-338.
16. Crafts, N. F. R. "What does the 1930s’ experience tell us about the future of the Eurozone?." (2013).
17. Eichengreen B., The European Economy after 1945: Coordinated Capitalism and Beyond, Princeton University Press, 2008, selected chapters.
18. Crafts, N. and Toniolo, G. (2008), “European Economic Growth, 1950-2005: an Overview”, CEPR Discussion Paper No. 6863.
19. Nicoletti, G. and Scarpetta, S. (2003), "Regulation, Productivity and Growth: OECD Evidence", Economic Policy, 36, 11-72.
20. Inklaar, R., Timmer, M. P. and van Ark, B. (2008), “Market Services Productivity across Europe and the US”, Economic Policy, 53, 139-194
21. Gordon, Robert J. The demise of US economic growth: restatement, rebuttal, and reflections. No. w19895. National Bureau of Economic Research, 2014.
22. Crafts, Nicholas (2010) The contribution of new technology to economic growth : lessons from economic history. Working Paper. Coventry: Department of Economics, University of Warwick. (CAGE Online Working Paper Series, Vol.2010).
23. L. Mocarelli, G. Ongaro, Work in Early Modern Italy, 1500–1800, Palgrave Studies in Economic History book series, 2019.
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