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This question considers a simple growth accounting exercise for Canada, following your notes from class....

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Accounting

This question considers a simple growth accounting exercise for Canada, following your notes from class.

Obtain data on employment (N) from the Statistics Canada - using CANSIM, find Table: 14-10-0017-01 (formerly CANSIM 282-0001). Use the Penn World Tables (online data access tool) to retrieve information on the capital stock (K) and expenditure-side real GDP (Y) for Canada from 1976 to 2018.

  1. Convert monthly employment data into annual by taking averages

  2. Assume = 0.36. Recall that

    = + +(1)

where =(1). Using measures of ,,, compute a measure of technology

  1. for years 1977-2018.

  2. Over the course of this time period, what was the average share of growth attributable to capital, labor and technology?

Note: This is a great opportunity to learn about the pandas package for Python (statistical analysis, like Stata or R). But you can do this in any program you want, including excel.

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