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Unformatted text preview: ECON 4431V: International Trade Spring 2005 Problem Set 1 Due: February 16 (Wednesday), 2005 NOTE: All assignments must be typed. Graphs and calculations may be handwritten. No late homeworks will be accepted. Exercise 1 (30 points) Use data provided at the IFS (International Financial Statistics) and other websites (links are provided in the class web), and use Excel to plot graphs. For the datas you find, specify the years (ex. GDP in 2003, population in 2001, etc.) and the data source. (ex. IFS, OECD, World Bank, etc.) (i) Plot the total exports and imports of the US as a share of (US) GDP between 1950 and 2003. (ii) List top ten export and import partners of the US. (you can either treat EU as a single partner or not) (iii) Pick two countries in part (ii), and list main items of import and export with the US according to SITC 2-digits code. (You can find the necessary data from US Census Bureau Foreign Trade Statistics.) (iv) For each of the two countries you picked in part (ii), plot total exports and imports as a share of its GDP between 1950 and 2003. (For some countries, you might have to start from latter years.) (v) Find top ten trading nations in the world. (You need to add up exports and imports from the excel file provided as World Trade Rank link in the Class Notes section in the web.) For each of them, find the trade to GDP ratios and trade to population ratios and re-rank them....
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This note was uploaded on 02/23/2011 for the course ECON 301 taught by Professor S.chiu during the Spring '11 term at HKU.
- Spring '11