Question
Long-run Economic Growth & Convergence Extract the data for GDP per capita of all sovereign countries for selected years of 1960, 1990 and 2015 from
Long-run Economic Growth & Convergence Extract the data for GDP per capita of all sovereign countries for selected years of 1960, 1990 and 2015 from global databases (like the IMF or World Bank) and perform a convergence data analysis based on the following questions.
b) Will the poor countries catch up rich countries by growing faster?
c) Identify between conditional and unconditional convergence.
d) Provide a summary statistics table for all countries
Select 10 sample countries from the data (5 poor and 5 rich) and explain what important key historic or economic factors have happened during the years under consideration and how is this reflected in their per capita GDP? Make an economic analysis of the characteristics of these countries under consideration.
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