Question: 1. Using data plot openness versus Industrial Pay Inequality (from UTIP-UNIDO) for the nation. IT'S UP TO YOU TO FIGURE OUT HOW TO DO THIS.
1. Using data plot openness versus Industrial Pay Inequality (from UTIP-UNIDO) for the nation. IT'S UP TO YOU TO FIGURE OUT HOW TO DO THIS. I've done this with two-period respectively:
. Calculate the correlation (using excel) between openness and Industrial Pay Inequality (from UTIP-UNIDO) for the nation. Report and interpret this relationship in approximately 300 wordddds.
I've finished with correlation in 1978-1986: +0.856
2003-2010: -0.0043
3. Explain carefully in approximately 500 worrrrds whether your data agrees or disagrees with the Stolper-Samuelson Theorem. (Remember to accurately define the theorem and discuss how it applies to your country).
4. Conclusion: In 200 wooord explain how comparative advantage is linked to inequality in the country that you're studying?
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