Download data on GDP per capita between 1950 and the latest available period for two countries of
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Download data on GDP per capita between 1950 and the latest available period for two countries of your choosing (other than the USA) from the latest version of the Penn World Table. Calculate the following and comment briefly on your findings:
(a) The annual growth rate for the latest period (using both the normal and log difference methods)
(b) The CAGR for the whole period (using both the normal and exponential methods)
(c) The time it would take for GDP per capita to double if growth was equal to the trend rate calculated in part (b)
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Related Book For
Macroeconomics Institutions Instability And The Financial System
ISBN: 9780199655793
1st Edition
Authors: Wendy Carlin, David Soskice
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