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Gy 2 GA +0280]?I +035ng +0.60; where K1 is Capital of ICT (more of equipment} and K2 is traditional capital (e.g., factory or places to

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Gy 2 GA +0280]?I +035ng +0.60; where K1 is Capital of ICT (more of equipment} and K2 is traditional capital (e.g., factory or places to produce). Visit to the website. https:waw.rug.nlfggdcioverview-databasese'tegad for studying growth accounting. Download the data for Germany, Greece. and EU. 1. Identify total hours in million as L in Basic work sheet; GDP in 2000 price as Y in Basic work sheet; Gross xed Capital Stock in 2000 price in GFCS work sheet as K = K] + K2; K1: IT equipment +Communication equipment+ Software. 2. Use the 1980 and 2004 data for Gemiany, Greece. and EU. identify annual growth rate for A, K1. K2 and L . 3. Run regressions for the following countries Germany, and EU separately to obtain a], g and (:3 (Note: You need to use Statistical package to run regression and obtain the results. If you don't know how to run regression, please contact me.) 4. Run regression for three different periods 19804988. 1988-1997, \"98-2004 for Germany. How do 0:1 , wand or; change over three time periods for the countries? 5. Obtain income share for each factors of input. Germany is a leading country in the stock of robot {e.g., automation of automobile production). How does the increasing robotation of tasks in Gennany implies for income for labor and capitals reecting the results in 4'? 6. What does the results in 5 imply for the wage prospect in the future if automation of production accelerates

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