Endogenous Growth Model of Romer Part 1: Setup

This is the first part of the video on a simplified version of the seminal endogenous growth model of Paul Romer for which he was awarded the Nobel Memorial Prize in Economic Sciences in 2018. This part contains a description of the sectoral structure of the model, introduces the central assumptions, and describes the main equations of the production side.

For part 2, please see

For more videos on macroeconomics, please see

[KlausPrettner]

Thank you for watching the video! I hope you found it useful.

For part 2, please see


For more videos on macroeconomics, please see my lecture "Advanced Macroeconomics":

[ernestina]

Thanks for your more explanation about endogenous growth model but l need this notes or material

[ahmedbouallala]

bonsoir .
Comment produire des machines dans le secteur intermedaire, sans main-d'œuvre ? Selon vous, la force de travail était répartie entre le secteur des biens finales et le secteur de R&D

[PriyankaSingh-seby]

while calculating the profit of intermediate sector why you have not include the cost of patent along with the rental cost?

[torge]

do you maybe have a source for the model structure picture?