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your country that contains the values for GDP, consumption, investment and exports for the period 2000-2020. Use the data for the country that has been

your country that contains the values for GDP, consumption, investment and exports for the period 2000-2020. Use the data for the country that has been allocated to you and, for each of the four variables, carefully comment on the following properties:

Volatility (5 marks)

Persistence (8 marks)

Co-movement (7 marks)

(Hint: in our analysis briefly comment on whether the sign and the size of the statistics are as you expected. What is their economic interpretation? How do they compare to similar statistics for other countries?)

GDP Consumption Investment Exports
2000 1,163,709 832,549 236,847 432,993 2000
2001 1,184,539 854,709 248,262 420,434 2001
2002 1,220,289 884,961 250,736 425,602 2002
2003 1,242,273 909,558 263,818 418,328 2003
2004 1,280,622 934,553 286,071 441,464 2004
2005 1,321,656 964,212 312,173 451,494 2005
2006 1,356,472 1,001,035 331,777 455,473 2006
2007 1,384,576 1,039,835 342,286 460,654 2007
2008 1,398,481 1,073,109 347,853 439,723 2008
2009 1,357,562 1,081,484 308,497 382,712 2009
2010 1,399,509 1,116,279 344,011 408,268 2010
2011 1,443,539 1,138,746 359,963 427,978 2011
2012 1,468,960 1,156,586 377,551 440,024 2012
2013 1,503,173 1,176,086 383,022 450,852 2013
2014 1,546,315 1,199,973 391,640 479,358 2014
2015 1,556,508 1,224,767 371,236 495,747 2015
2016 1,572,095 1,249,477 353,961 502,721 2016
2017 1,619,885 1,290,269 365,806 509,986 2017
2018 1,659,240 1,324,344 372,458 528,771 2018
2019 1,690,126 1,347,379 373,410 535,553 2019
2020 1,607,402 1,285,943 364,302 488,999 2020
S.D Volatility Persistence Co-movement
GDP 0.01 n/a 0.23 n/a
Consumption 0.01 0.78 0.07 0.674826
Investment 0.02 2.49 0.39 0.641401
Exprots 0.02 2.81 0.47 0.887587

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