Hi there, I have got 3 set of economics problem. Please find attachments.
AN INTRODUCTION TO DEVELOPLMENT ECONOMIC Question 1: (2 points) Computation of HDI Consider the following data taken from the HDI in 2020 Indicators Genovia Maximum/Minimum benchmarks Life expectancy 73.2 83.2/20 Mean years of schooling 7.5 13.2/0 Expected years of schooling 11.4 20.6/0 GNI per capita (PPP-adjusted in USD) 7258 108211/163 Compute Genovia’s HDI using geometric averaging method as discussed in the lecture. Carefully show each step of your calculation. Suppose Wakanda’s HDI in 2020 is 0.937. Compare the human development of Wakanda to that of Genovia. Now, try to compute the Genovia’s HDI using the arithmetic average where education index based on the arithmetic average of the indices of mean and expected years of schooling. Question 2. (3 points) The Maddison Project Database provides information on comparative economic growth and income levels over the very long run. The 2020 version of this database covers 169 countries and the period up to 2018. Download data from the Angus Maddison Project “maddison project database 2020”. (a) Plot the evolution of GDP per capita of Canada, the USA and a third country of your choosing, from the earliest possible year until 2018. Briefly comment on these time series. (b) Using these three countries, create a scatter plot, with GDP per capita in 1950 on the horizontal axis, and the growth rate of GDP per capita between 1950 and 2018 on the vertical axis. Did these countries converge in this period? (c) Create the same scatter plot but using all countries in the database. Was there convergence in this period? (d) Create a subsample of countries and check the convergence hypothesis for this sub-group countries? (Hint: you can create sub-group in different ways, for example, top and bottom 30 countries; using regional group, (e) Why does economist expect income convergence between developed and developing countries? Based on your findings of question c and d, why some countries able to convergence but others could not? What’s factors would you look for explanation? Excel Online Material A.Calculating Average Growth Rate in Excelhttps://www.youtube.com/watch?v=IT1RzUF45A8 B.Calculating Compound Annual Growth Rate (CAGR) in Excel https://www.investopedia.com/ask/answers/071014/what-formula-calculating-compound-annual-growth-rate-cagr-excel.asp https://www.youtube.com/watch?v=YRjV86PCqiE
Hi there, I have got 3 set of economics problem. Please find attachments.
AN INTRODUCTION TO DEVELOPLMENT ECONOMIC Question 1. (Points 1) Why is Congo so poor despite having 24 trillion dollars’ worth of minerals? Watch the following video and summarize the main points. https://www.youtube.com/watch?v=76NnL0m3C54 Question 2. (Points 2) Download the data for question 2 and answer the following questions: Calculate the poverty rate (headcount method) using the poverty line, BDT. 100. How much money the government (BDT=Bangladeshi Currency) requires eliminating poverty? On average, how much money does the government requires per person to eliminate poverty? Suppose that Bangladesh does not have enough money to eliminate poverty as a developing country. The government could manage some money from domestic and external sources and provide income assistance equivalent to 25% income of the first two decile groups. Due to this 25% income assistance to the bottom two decile groups, how does that impact on poverty rate (a) and poverty gap (b)? Show your calculations. Question 3. (Points 2) Download the data for question 3. Choose any country (except Afghanistan, will show this in class) and calculate following for 1980 and 2014: Carefully graph the Lorenz curve (separately for 1980 and 2014), labeling the axes. Find the Gini coefficient and comments on it (compare 1980 and 2014). If we increase 25% income of the first 2 decile groups, what is the impact on and inequality? Show your calculations for 1980 and 2014. (Tips: You can check this website https://www.core-econ.org/doing-economics/book/text/05-02.html#figure-5-3c for calculation and formula help)
Hi there, I have got 3 set of economics problem. Please find attachments.
AN INTRODUCTION TO DEVELOPLMENT ECONOMIC Question 1. (Points 1.5) During its one-child policy, the government of China had explicitly stated that the goal of its strict population control measures is to raise income per capita. What are the mechanisms at work in such a claimed relationship? Are there any counterarguments? (See Box 6.3 on page 321). (Chapter 6) India is expected to surpass the population of China in the next decade or so? What differences between these two nations could have contributed to this outcome? (Chapter 6) Question 2. (Points 1) Explain what is meant by “investment in children,” describing the goals and methods of the parents. (Chapter 6) Question 3. (Points 1.25) Are developing countries experiencing a demographic transition much like the one developed countries did at their earlier stages of economic development or are there important differences? (Chapter 6) Explain the reasons for the hidden momentum of population growth and state its implication for population levels. (Chapter 6) Question 4. (Points 1.25) (Chapter 7) Suppose the rural wage is $1 per day. Urban modern sector employment can be obtained with five probability and pays $2 per day. Will there be any rural–urban migration? Explain your reasoning, stating explicitly any simplifying assumptions, and show all work. (Chapter 7) What are the characteristics of those who migrate to urban areas? What positive and negative effects do their leaving have on those who remain?