Question
Estimate the relative output per worker for a country compared to the US. Use the following set of assumed parameters. o Use the following estimates
Estimate the relative output per worker for a country compared to the US. Use the following set of assumed parameters.
o Use the following estimates for = (0.33, 0.5). Assume that in the US =0.33 o Use estimates for z+n = (0.015, 0.03). US = 0.015 o Use estimates for = (0.10, 0.12). US = 0.10 o Use estimates form s = (0.15, 0.25). US = 0.25
Present two tables where the columns are the different 's and rows in each table representing different (highest and lowest levels) z+n+ and s. When simulating each table, hold the other parameters (either z+n+ or s) at the level of the US.
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