ps4 - Econ 114 Javier Birchenall Due date: Tuesday,...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 114 Javier Birchenall Due date: Tuesday, November 9, 2010 Problem set 4: Productivity and innovation In this problem set, you will investigate the relationship between productivity growth and the growth of per capita income. You will also explore the potential causes of productivity growth and examine a model of immitation. The data is available in an Excel spreadsheet on the class web page, econ.ucsb.edu/ ~ jabirche/teaching.html Plan to spend 6 hours on these questions. Please return the problem set on time (next Tuesday during class), remember you have the chance to miss one and only one, use it wisely. If you have any problems regarding the questions please contact me by e-mail: jabirche@econ.ucsb.edu .Goodlu ck ! I. Productivity and economic growth (data) (a) Describe the variation in productivity growth across countries over the period 1960 -1998. What is the minimum? What is the maximum? What is the average? Sort the data by productivity growth and calculate the average growth rate of income per capita for the countries that have the ten fastest productivity growth rates. Do countries that have higher rates of productivity growth also have higher rates of growth of real income per capita? (b) Make a scatter plot of the relationship between productivity growth over the period 1960 — 1998 and real GDP per capita in 1960. Is there evidence of a systematic relationship between initial income and
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 3

ps4 - Econ 114 Javier Birchenall Due date: Tuesday,...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online