Capital Formation and Economic Growth

Friday, October 10, 1997
Hoover Institution Stanford University
8:30 am Continental Breakfast,
9:00 am WELCOME

Dr. John Raisian
Director, Hoover Institution

 
9:05 am INTRODUCTION
Some Issues in Understanding Economic Growth

--Prof. Michael J. Boskin
Senior Fellow, Hoover Institution
T.M. Friedman Professor of Economics, Stanford University

 
9:15 am ALTERNATIVE THEORIES OF ECONOMIC GROWTH:
WHAT WE DO AND DON'T KNOW

Chair:
Prof. Thomas J. Sargent
Senior Fellow, Hoover Institution
Professor of Economics, University of Chicago

Paper: "Studying the Growth Process: A Primer"
--Prof. Arnold C. Harberger
Professor, University of California, Los Angeles
President, American Economic Association

Paper: "What Have We Learned from Models of Endogenous Technological Change?"
--Prof. Paul M. Romer
Dean Witter Foundation Senior Research Fellow, Hoover Institution
Professor, Graduate School of Business, Stanford University

Paper: "What Do We Really Know About Economic Growth?"
--Prof. J. Bradford De Long
Professor of Economics, University of California, Berkeley

Discussion:
--Prof. Charles I. Jones
Assistant Professor of Economics, Stanford University

 
11:15 am Coffee Break
 
11:30 am CAPITAL FORMATION AND ECONOMIC GROWTH

Chair:
Prof. Michael J. Boskin

Paper: "There is No Silver Bullet: Investment and Growth in the G7"
--Prof. Dale W. Jorgenson
F. E. Abbe Professor of Economics (Chairman), Harvard University

Paper: "Lessons from the Asian Experience"
--Prof. Lawrence J. Lau
Senior Fellow, Hoover Institution
K.T. Li Professor of Economic Development, Stanford University
Director, Center for Economic Policy Research, Stanford University

Discussion:
--Prof. Alan J. Auerbach
Burch Professor of Economics, University of California, Berkeley

 
1:00 pm Lunch
 
2:00 pm HUMAN CAPITAL: EDUCATION, JOB TRAINING AND ECONOMIC GROWTH

Chair:
Prof. Thomas MaCurdy
Senior Fellow, Hoover Institution
Professor, Department of Economics, Stanford University

Paper: "Is There Underinvestment in Human Capital?"
--Prof. James J. Heckman
H. Shultz Professor of Economics, University of Chicago

--Prof. Peter J. Klenow
Associate Professor of Economics, Graduate School of Business,
University of Chicago

Discussion:
--Prof. Edward Lazear
Senior Fellow, Hoover Institution
J. S. Parker Professor, Graduate School of Business, Stanford University

--Prof. John Pencavel
Chairman, Dept. of Economics, Stanford University

 
3:00 pm Coffee Break
 
3:15 pm GOVERNMENT POLICY AND ECONOMIC GROWTH

Chair: Prof. Michael J. Boskin

Paper: "Government Policy and Economic Growth"
--Prof. Robert J. Barro
Senior Fellow, Hoover Institution
Professor of Economics, Harvard University

Paper: "Fundamental Determinants of Output per Worker across Countries"
--Prof. Robert E. Hall
Senior Fellow, Hoover Institution
Professor of Economics, Stanford University

--Prof. Charles I. Jones
Assistant Professor of Economics, Stanford University

Discussion:
--Prof. Kenneth L. Judd
Senior Fellow, Hoover Institution

--Prof. John B. Taylor
Bowen H. McCoy Senior Fellow, Hoover Institution
M. and R. Raymond Professor of Economics, Stanford University

--Prof. B. Douglas Bernheim
L. and V. Eaton Professor of Economics, Stanford University

--Prof. Laurence J. Kotlikoff
Professor of Economics, Boston University

 
4:30 pm CONCLUSION

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