ECON0028: The Economics of Growth Term 2 (Spring 2022)
Due on January 30 (Sun), noon
增长经济学代写 Before starting the analysis, convert the real GDP per capita variable to a natural log of real GDP per capita (= LN(real GDP per capita)).
1 Empirical Exercise 增长经济学代写
Go to the World Bank’s World Development Indicators databank.1 For all the countries available and for the year 2018, download the following indicators in an excel format:
- GDP per capita, PPP (constant 2017 international$)
- Employment in agriculture (% of total employment) (modeled ILO es- timate)
- Labor force participation rate, female (% of female population ages15-64) (modeled ILO estimate) 增长经济学代写
- Labor force participation rate, male (% of male population ages 15-64) (modeled ILOestimate)
Now you have four variables by country in Microsoft Excel. Before starting the analysis, convert the real GDP per capita variable to a natural log of real GDP per capita (= LN(real GDP per capita)). Using Microsoft Excel (or STATA), create three scatter plots showing the relationship between Log of real GDP per capita (on x-axis) and each of the other three variables (on y-axis). You may include fitted lines (linear or quadratic). 增长经济学代写
- What is the relationship between employment share in agriculture and income percapita?
- What is the relationship between male labor force participation rate and income percapita?
- What is the relationship between female labor force participation rate and income per capita? Why is the pattern for female so different from that for male?
2 Analytical Exercise 增长经济学代写
- Suppose that in a particular country, GDP per capita was $1,000 in 1900 and$4,000 in Using the rule of 72 (not a calculator), approximate the annual growth rate of GDP per capita.
- A country is described by the Solow model, with a production function of y = k1/ 2. Suppose that k is equal to 400. The fraction of output invested is 50%. The depreciation rate is 5%. Is the country at its steady-state level of output per worker, above the steady-state, or below the steady state? Show how you reached your
- In Country 1 the rate of investment is 5%, and in Country 2 it is 20%. The two countries have the same levels of productivity, A, and the same rateof depreciation, d. Assuming that the value of a is 1/3, what is the ratio of steady-state output per worker in Country 1 to steady-state output per worker in Country 2? What would the ratio be if the value of a were 2/3?