Using data from the World Development Indicators database (http://databank.worldbank. org/data/reports.aspx?source=world-development-indicators), calculate capital per worker using gross capital

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Using data from the World Development Indicators database (http://databank.worldbank.

org/data/reports.aspx?source=world-development-indicators), calculate capital per worker using gross capital information and total labor force for all countries for the year 2015. Then construct a scatter plot between capital per worker and gross domestic savings. Can you see the relationship between saving rate and the steady state of capital per worker as predicted by the Solow model of growth?

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Macroeconomics

ISBN: 9781292215792

6th Global Edition

Authors: Stephen Williamson

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