The following table shows Algeria's size of population and average annual population growth rate for each...
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The following table shows Algeria's size of population and average annual population growth rate for each year. Estimate the average annual technology growth rate for the periods before and after 1910. Explain how you estimate the technology growth rate in detail. Year 1820 1900 2000 Population (thousand) 2,689 5,495 30,429 Period 1820-1900 1900~2000 Annual average growth rate Population GDP 0.80 % 1.92 % per capita 1.02% 1.04% (Note: Leave it as a formula notation if calculation is too complicated to do without a calculator. You can assume that the share of total income paid to the land owners had been 0.25 before 1900, and that the share of total income paid to the owners of capital has been 0.3 since 1900, although I think those assumptions are unnecessary.) The following table shows Algeria's size of population and average annual population growth rate for each year. Estimate the average annual technology growth rate for the periods before and after 1910. Explain how you estimate the technology growth rate in detail. Year 1820 1900 2000 Population (thousand) 2,689 5,495 30,429 Period 1820-1900 1900~2000 Annual average growth rate Population GDP 0.80 % 1.92 % per capita 1.02% 1.04% (Note: Leave it as a formula notation if calculation is too complicated to do without a calculator. You can assume that the share of total income paid to the land owners had been 0.25 before 1900, and that the share of total income paid to the owners of capital has been 0.3 since 1900, although I think those assumptions are unnecessary.)
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SOLUTION To estimate the average annual technology growth rate for the periods before and after 1910 we can use the SolowSwan growth model The SolowSw... View the full answer
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Posted Date:
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