About the speaker

Jakob Madsen, Monash University.

In his influential book, The Rise and Fall of American Growth, Gordon (2016) forwards the thesis that the US and, presumably, the rest of the West is entering a low growth regime and that the growth experienced over the two centuries has been a one-time-only event. However, the growth predictions for the 21st century have been complicated by our incomplete knowledge of the factors that have driven growth since 1820 and, therefore, which growth drivers have played out their roles. Constructing an extensive macroeconomic panel data set for 21 OECD countries spanning 200 years this paper estimates the approximate determinants of growth since 1820, and simulates growth over the 21st century. The main focus will be on secular transitions in great ratios such as fertility, institutions, monetary regimes, financial development, mortality, income inequality, the gender wage gap and sectoral compositions.

Afternoon tea available.

The Research School of Economics hosts four active seminar series in Applied Microeconomics, Economic Theory, Macroeconomics as well as a General series. Speakers include international and locally well-known economists.