Economic This part I want you to get familiar with the real data and the way to
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Economic
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This part I want you to get familiar with the real data and the way to process data. You are encouraged to use Stata or R or Excel to do the following exercise. You will need follow the instructions as mentioned below and do the growth accounting for China from 2010 to 2020. (i.) Go to world bank open data https://data.worldbank.org/ and download (a) nominal GDP in China Yt (b) Gross capital formation (constant LCU) for China Kt (c) Labor Force in total for China Nt. The time series is from 2010 to 2020. (ii.) Compute the Solow residual z through production function log zt Adopt the usual estimate of a = 0.3. = log Yt - a log Kt - (1 - a) log Nt. (iii.) Compute the 10-year average growth rate of Yt, Kt, Nt and zt. Summarize the result in one table. Apart from your solution, you should also upload a Stata/R/Excel file to show how you get the result. This part I want you to get familiar with the real data and the way to process data. You are encouraged to use Stata or R or Excel to do the following exercise. You will need follow the instructions as mentioned below and do the growth accounting for China from 2010 to 2020. (i.) Go to world bank open data https://data.worldbank.org/ and download (a) nominal GDP in China Yt (b) Gross capital formation (constant LCU) for China Kt (c) Labor Force in total for China Nt. The time series is from 2010 to 2020. (ii.) Compute the Solow residual z through production function log zt Adopt the usual estimate of a = 0.3. = log Yt - a log Kt - (1 - a) log Nt. (iii.) Compute the 10-year average growth rate of Yt, Kt, Nt and zt. Summarize the result in one table. Apart from your solution, you should also upload a Stata/R/Excel file to show how you get the result.
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Related Book For
Systems Analysis and Design
ISBN: 978-1305494602
11th Edition
Authors: Scott Tilley, Harry J. Rosenblatt
Posted Date:
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