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Correlation coefficient between openness and gini index

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Reference no: EM133168911

1) The Correlation Coefficient between Openness and GINI index for United States and Ecuador

Report and interpret this relationship and state for which country this relationship is stronger. When reporting, you can round off each correlation value to 2 or more decimal places.

Ecuador

United States

0.2549

0.1627

2) Assume that the United States is a skilled-labour abundant country, whereas Ecuador is an unskilled-labour abundant. First define, Stolper-Samuelson theorem and then check whether your data findings from Q1 are in line with the Stolper-Samuelson theorem. Explain your answer.

Reference no: EM133168911

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