question archive Calculate the Growth rate of GDP per capita for each of the countries in the years under consideration
Calculate the Growth rate of GDP per capita for each of the countries in the years under consideration
Subject:EconomicsPrice:16.86 Bought3
Calculate the Growth rate of GDP per capita for each of the countries in the years under consideration. Show boxplots of incomes for all the countries in each year. What happened? Is there any evidence for convergence? Discuss the notions of conditional and unconditional convergence in this regard (Hint.: Use logs instead of levels).
? Split the data into two groups of poor and rich. The split should be done according to the median income in 1990. Then show boxplots of incomes for both groups in each year. What happened? Is there any evidence for convergence? (Hint.: Use logs instead of levels. Start with splitting the sample: poor in 1960, 1990, and 2020, then the same for the rich. Plot boxplots for each
COUNTRIES
In the world bank as of 2020 the top 5 richest countries are
1. Luxembourg
2. Switzerland
3.Ireland
4. Norway
5.USAs of 2020 poorest country as per world bank
1.Burundi
2.Somalia
3. Mozambique
4.Central African Republic
5.Sierra Leone
