Question: Using the data provided in the table below perform a development accounting exercise for India for the years 1980 and 2019. Country Year GDP Capital

Using the data provided in the table below perform a development accounting exercise for India for the years 1980 and 2019. Country Year GDP Capital Employment Education Population India 1980 916.00 934.58 264.71 1.28 698.95 India 2019 9,170.56 35,423.26 497.62 2.17 1,366.42 US 1980 7309.36 7288.67 103.07 3.35 229.48 US 2019 20,595.84 69,059.06 158.30 3.75 329.06 Where, aggregate output, GDP (Y), is expressed in millions of 2017 PPP-adjusted US dollars; capital (K) is expressed in millions of 2017 PPP-adjusted US dollars; population (N) and employment (L) are in millions of people; and human capital (H) is proxied by the human capital index of the Penn World Table. Assume that the parameter (alpha) in the production function is 0.33

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!

Executive Transport, Inc. is a company that rents cars, vans, and limos to a wide range of customers. Customers frequently call Executive Transports sales staff to receive quotes for rental expenses....

summarize the main idea of each article, discuss issues being highlighted briefly, give opinion pertaining the coverage of each article and provide recommendations for each issue in the article....

Summarize the attached document of the WDR 2018 OVERVIEW Learning to realize education's promise Learning to realize education's promise Assess learning Act on evidence Align actors to make it a...

You have just begun a new stage in your careeryou have been hired to be the Human Resources (HR) Manager for Berkley Innovative Technologies. Upon meeting the CEO, she described how the company's...

Part 1: Recent Economic and Financial Developments Monetary Policy Report submitted to the Congress on February 7, 2020, pursuant to section 2B of the Federal Reserve Act Domestic Developments The...

QUESTIONS TO BE ANSWER IN ENGLISH LANGUAGE a brief analysis in 200-400 words in which you do the following: Explain what methods the leaders used to measure organizational performance. Were their...

An Investigation into obesity rates Researchers have been interested in studying the obesity trends worldwide over the past 25 years. In 2014 the World Health Organization (WHO) declared there were....

Which do you think is the bigger cash control issue for businesses, internal or external? Give an example of a cash control you have seen or used in a business.

The Hilton Skating Club used straight-line depreciation for a used Zamboni* that cost $43,500, under the assumption it would have a four-year life and a $5,000 trade-in value. After two years, the...

Find the limit using direct substitution. lim x 1 0 x - 2 2 - 3 x

Refer to Data Set 16 in Appendix B and find the maximum and minimum earthquake magnitudes, then use those values with the range rule of thumb to estimates. How many earthquakes must you randomly...

1. Why does FIFO produce the lower cost of goods sold during a period of rising prices? 2. Why does moving-weighted-average costing produce the higher cost of goods sold during a period of rising...

Each of the following independent events requires a year-end adjusting entry. Show how each event and its related adjusting entry affect the accounting equation. Assume a December 31 closing date....

Warwick's Co., a women's clothing store, purchased $75,000 of merchandise from a supplier on account, terms FOB destination, 2/10, n/30. Warwick's returned $9,000 of the merchandise, receiving a...

Define the following terms, using graphs or equations to illustrate your answers where feasible. a. Risk in general; stand-alone risk; probability distribution and its relation to risk b. Expected...

Which feature is enabled on the switch to prevent ARP poisoning and spoofing attacks? Group of answer choices A . MAC attacks B . SSH C . DCHP snooping D . SSL and IPsec

11. How often have you passed on to others this type of information, which you have filled in yourself? Never, then you should think again.

9. Think of any experience that has made a very strong impression on you, and where it did not go the way you thought it would. Imagine this experience as a movie in your inner theatre. Run this...

12. Think through the last week. If you could have changed some of your behaviour, what would you have changed? How would you have changed that? What would you seek to achieve by changing your...