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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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