Growth economics
3 (a) (10 points) Replicate Table 1 from Bosworth and Collins for China and India. Use the following data sets: the Penn World Tables and Barro-Lee dataset on educational attainment.
From Penn World Tables use: (a) rgdpo for real GDP; (b) emp for total employment; (c) rnna for capital stock. From Barro- Lee use Average Years of Schooling
3 (b) (10 points) Using the same data sets, provide the numbers for the period 2005 to 2023.
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Contribution to output per worker of
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Period
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Country
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Output
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Employment
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Output per worker
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Physical capital
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Education
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Total factor productivity
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1978-2004
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China
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9.3
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2.0
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7.3
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3.2
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0.3
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3.6
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2005-2023
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China
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1978-2004
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India
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5.4
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2.0
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3.3
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1.3
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0.4
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1.6
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2005-2023
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India
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3 (c) (10 points)
Do the numbers you obtained in part 3 (b) for 2005-2023 appear reasonable to you? Why or why not? Are they consistent with sources you can find on the web?
3 (d) (5 points) List the sources you used in answering question 3 (c). Which source was the most useful?