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b) Growth Accounting: i. Calculate the compound anmual growth rate of y,A, and x(= k1/3h2/3 ) for each country. 1 11. Create a scatter-plot of 9.4(y4xix) ys ys ind discuss what you find. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline countrycod & \begin{tabular}{l} Country R \\ de Name \end{tabular} & \begin{tabular}{c} Em \\ Real GDP, (V) \\ 1990 \end{tabular} & \begin{tabular}{l} Employment C \\ (Workers), S \\ 1990 \end{tabular} & \begin{tabular}{l} Capital \\ Stock, \\ 1990 \end{tabular} & \begin{tabular}{c} Human \\ Capital \\ per \\ worker, \\ 1990 \end{tabular} & \begin{tabular}{c} Real GDP, \\ 2015 \end{tabular} & \begin{tabular}{c} Employment \\ (Workers). \\ 2015 \end{tabular} & \begin{tabular}{l} Capital \\ Stock, \\ 2015 \end{tabular} & \begin{tabular}{c} Human \\ Capital \\ per \\ worker, \\ 2015 \end{tabular} \\ \hline USA & United St 1 & 10087555 & 1233 & 38223836 & & 18776158 & 1506 & 65057808 & 4 \\ \hline ALB & Albania & 15099 & 1 & 111546 & 3 & 32599 & 1 & 206730 & 3 \\ \hline DZA & Algeria & 218718 & 5 & 1114254 & 2 & 451130 & 11 & 2121592 & 2 \\ \hline AGO & Angola & 72119 & 7 & 526730 & 1 & 236442 & 15 & 1307255 & 1 \\ \hline ARG & Argentina & 447173 & 12 & 1835794 & 3 & 31016526 & 20 & 3193485 & 3 \\ \hline ARM & Armenia & 19316 & 2 & 48187 & 3 & 35466 & 1 & 92338 & 3 \\ \hline AUS & Australia & 555199 & 8 & 2769505 & 3 & 1226225 & 12 & 5454117 & 3 \\ \hline AUT & Austria & 276369 & 4 & 1692776 & 3 & 438704 & 4 & 2737205 & 3 \\ \hline BHR & Bahrain & 21240 & 0 & 106129 & 2 & 68351 & 1 & 346387 & 2 \\ \hline BGD & Banglades & 151646 & 32 & 397159 & 1 & 571568 & 59 & 2034773 & 2 \\ \hline BRB & Barbados & 2714 & 0 & 22749 & 3 & 3283 & 0 & 33904 & 3 \\ \hline BEL & Belgium & 318374 & 4 & 2157779 & 3 & 501550 & 5 & 3275992 & 3 \\ \hline BLZ & Belize & 902 & 0 & 3862 & 8 & 2287 & 0 & 8764 & 3 \\ \hline BEN & Benin & 7486 & 2 & 31123 & 1 & 31420 & 4 & 65727 & 2 \\ \hline 8OL & Bolivia (P) & 30572 & 3 & 79215 & 2 & 84254 & 5 & 178621 & 3 \\ \hline BWA & Botswana & 10955 & 0 & 26913 & 2 & 33275 & 1 & 148453 & 3 \\ \hline BRA & Brazil & 1568053 & 62 & 6967859 & 2 & 3028203 & 9213 & 13283080 & 3 \\ \hline BRN & Brunei Da & 19422 & 0 & 76693 & 2 & 27613 & 0 & 176552 & 3 \\ \hline BGR & Bulgaria: & 94887 & 4 & 144311 & 3 & 129380 & 3. & 412932 & 3 \\ \hline BFA & Burkina F & 8507 & 4 & 15618 & 1 & 32732 & 6 & 62797 & 1 \\ \hline BDI & Burundi: & 6018 & 3 & 10292 & 1 & 8316 & 4 & 16462 & 1 \\ \hline \end{tabular} 1. Replicating the exercises in Chapter 7. Use the data provided in the accompanying spreadsheet for 1990 and 2015. The spreadsheet provides data for the following variables (a) Y: Real GDP at constant 2017 national prices (in mil, 2017US\$) (rgdpna). (b) L: Employment : Number of persons engaged (in millions) (emp). (c) K : Capital stock at constant national prices (mna). (d) h : Index of human capital per person (hc). (a) Development Accounting: Assuming that =1/3 and using our standard per worker production function y=Ak1/3h2/3 i. Calculate the factors of production per worker of each country (k1/3h2/3) relative to the US for 2015 only. ii. Calculate the TFP (A) of each country relative to the US TFP for 2015 only. iif. Create a scatter-plot of A (y-axis) vs k1/3h2/3 and discuss what you find. (b) Growth Accounting: 1. Calgul to the compound annual growth rate of y,A, and x (E for each country. b) Growth Accounting: i. Calculate the compound anmual growth rate of y,A, and x(= k1/3h2/3 ) for each country. 1 11. Create a scatter-plot of 9.4(y4xix) ys ys ind discuss what you find. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline countrycod & \begin{tabular}{l} Country R \\ de Name \end{tabular} & \begin{tabular}{c} Em \\ Real GDP, (V) \\ 1990 \end{tabular} & \begin{tabular}{l} Employment C \\ (Workers), S \\ 1990 \end{tabular} & \begin{tabular}{l} Capital \\ Stock, \\ 1990 \end{tabular} & \begin{tabular}{c} Human \\ Capital \\ per \\ worker, \\ 1990 \end{tabular} & \begin{tabular}{c} Real GDP, \\ 2015 \end{tabular} & \begin{tabular}{c} Employment \\ (Workers). \\ 2015 \end{tabular} & \begin{tabular}{l} Capital \\ Stock, \\ 2015 \end{tabular} & \begin{tabular}{c} Human \\ Capital \\ per \\ worker, \\ 2015 \end{tabular} \\ \hline USA & United St 1 & 10087555 & 1233 & 38223836 & & 18776158 & 1506 & 65057808 & 4 \\ \hline ALB & Albania & 15099 & 1 & 111546 & 3 & 32599 & 1 & 206730 & 3 \\ \hline DZA & Algeria & 218718 & 5 & 1114254 & 2 & 451130 & 11 & 2121592 & 2 \\ \hline AGO & Angola & 72119 & 7 & 526730 & 1 & 236442 & 15 & 1307255 & 1 \\ \hline ARG & Argentina & 447173 & 12 & 1835794 & 3 & 31016526 & 20 & 3193485 & 3 \\ \hline ARM & Armenia & 19316 & 2 & 48187 & 3 & 35466 & 1 & 92338 & 3 \\ \hline AUS & Australia & 555199 & 8 & 2769505 & 3 & 1226225 & 12 & 5454117 & 3 \\ \hline AUT & Austria & 276369 & 4 & 1692776 & 3 & 438704 & 4 & 2737205 & 3 \\ \hline BHR & Bahrain & 21240 & 0 & 106129 & 2 & 68351 & 1 & 346387 & 2 \\ \hline BGD & Banglades & 151646 & 32 & 397159 & 1 & 571568 & 59 & 2034773 & 2 \\ \hline BRB & Barbados & 2714 & 0 & 22749 & 3 & 3283 & 0 & 33904 & 3 \\ \hline BEL & Belgium & 318374 & 4 & 2157779 & 3 & 501550 & 5 & 3275992 & 3 \\ \hline BLZ & Belize & 902 & 0 & 3862 & 8 & 2287 & 0 & 8764 & 3 \\ \hline BEN & Benin & 7486 & 2 & 31123 & 1 & 31420 & 4 & 65727 & 2 \\ \hline 8OL & Bolivia (P) & 30572 & 3 & 79215 & 2 & 84254 & 5 & 178621 & 3 \\ \hline BWA & Botswana & 10955 & 0 & 26913 & 2 & 33275 & 1 & 148453 & 3 \\ \hline BRA & Brazil & 1568053 & 62 & 6967859 & 2 & 3028203 & 9213 & 13283080 & 3 \\ \hline BRN & Brunei Da & 19422 & 0 & 76693 & 2 & 27613 & 0 & 176552 & 3 \\ \hline BGR & Bulgaria: & 94887 & 4 & 144311 & 3 & 129380 & 3. & 412932 & 3 \\ \hline BFA & Burkina F & 8507 & 4 & 15618 & 1 & 32732 & 6 & 62797 & 1 \\ \hline BDI & Burundi: & 6018 & 3 & 10292 & 1 & 8316 & 4 & 16462 & 1 \\ \hline \end{tabular} 1. Replicating the exercises in Chapter 7. Use the data provided in the accompanying spreadsheet for 1990 and 2015. The spreadsheet provides data for the following variables (a) Y: Real GDP at constant 2017 national prices (in mil, 2017US\$) (rgdpna). (b) L: Employment : Number of persons engaged (in millions) (emp). (c) K : Capital stock at constant national prices (mna). (d) h : Index of human capital per person (hc). (a) Development Accounting: Assuming that =1/3 and using our standard per worker production function y=Ak1/3h2/3 i. Calculate the factors of production per worker of each country (k1/3h2/3) relative to the US for 2015 only. ii. Calculate the TFP (A) of each country relative to the US TFP for 2015 only. iif. Create a scatter-plot of A (y-axis) vs k1/3h2/3 and discuss what you find. (b) Growth Accounting: 1. Calgul to the compound annual growth rate of y,A, and x (E for each country

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