Question: simple growth accounting exercise / do that in panda package for pyrhon or in excel Exercise 2 This question considers a simple growth accounting exercise

simple growth accounting exercise / do that in panda package for pyrhon or in excel

simple growth accounting exercise / do that in panda package for pyrhon

Exercise 2 This question considers a simple growth accounting exercise for Canada, following your notes from class Obtain data on employment (N) from the Statistics Canada - using CANSIM, find Table: 14-10-0017-01 (formerly CANSIM 282-0001). Use the Penn World Tables (online data access tool) to retrieve information on the capital stock (K) and expenditure-side real GDP (Y) for Canada from 1976 to 2018. 1. Convert monthly employment data into annual by taking averages 2. Assume a = 0.36. Recall that Y1 = Z, tak, + (1 -@)N, where X1 = log( ). Using measures of Y. K. N. compute a measure of technology z, for years 1977-2018. 3. Over the course of this time period, what was the average share of growth attributable to capital, labor and technology? Note: This is a great opportunity to learn about de pandas package for Python (statistical analysis, like Stata or R). But you can do this in any program you want, including excel

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!