How has gdp per worker evolved in the two countries

Reference no: EM133409007

Questions: What drives GDP growth in China and Brazil? How do they compare to each other? Data on real GDP, capital, employment, are in the country data file, available on the course website. Assume that payments to labor make up two-thirds of GDP in both countries, i.e., 1 - a = 2/3.

a. How has GDP per worker evolved in the two countries? Turn in one well-labeled graph that plots GDP per worker (1980-2017) for both countries.

b. Compute TFP for each year. Create a TFP index for each country by dividing the value of TFP in each year by the value of TFP in 1980 and multiplying by 100. Turn in one well-labeled graph showing (1980-2017) the two TFP indices.

c. Compute the marginal product of capital (i.e. the MPK) for each year. Turn in one well-labeled graph showing (1980-2017) the MPKs for each country.

Reference no: EM133409007

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