Syracuse ECN 487 Assignment 3 -Suppose the world
Question # 00422456
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Updated on: 11/12/2016 04:26 AM Due on: 11/12/2016
ECN 487
Economic Growth
Department of Economics, Syracuse University
Fall 2016
Assignment 3
Submission due on Nov. 14 2016
Staple sheets together
1. Suppose the world has two countries: I and II. Following information describes these two countries:
(16 points) = 3%, = 6%, = 2%, = 1 and ? = 4 = 1%, = 6%, = 1%, = 1 and ? = 2
Using = 1/3, answer the following questions:
a. What is the steady state level of capital per worker in country I and country II? Show your work. (5
points) b. What is the steady state level of income per worker in country I and country II? Show your work. (5
points) 1
Economic Growth
Department of Economics, Syracuse University
Fall 2016
Assignment 3
Submission due on Nov. 14 2016
Staple sheets together
1. Suppose the world has two countries: I and II. Following information describes these two countries:
(16 points) = 3%, = 6%, = 2%, = 1 and ? = 4 = 1%, = 6%, = 1%, = 1 and ? = 2
Using = 1/3, answer the following questions:
a. What is the steady state level of capital per worker in country I and country II? Show your work. (5
points) b. What is the steady state level of income per worker in country I and country II? Show your work. (5
points) 1
2. Question 7.1 from the textbook. (5 points) 2 3. For this question you have to use excel spreadsheet that is available for Assignment 3 on Blackboard. In the
data file, you’ll find data for the years 1960-2000 on k and y for Japan, and k and y for US. Answer the following
questions:
Print your excel file as part of the submission (2 points).
a. Compute average annual geometric growth rates of k and y for the following time periods for both Japan and
US. Show your work.
i.1961-1971. Show your work. (1 point) =? and =? ii.1972-1976. Show your work. (1 point) iii.1977-1997. Show your work. (1 point) iv.1995-2000. Show your work. (1 point) 3 b. Using = and = 1/3, calculate the productivity, A for both the countries for each of the years.
Compute the growth rate of productivity (A), , for both countries and for each of the time periods in 1b.
Show your work.
i.1961-1971. Show your work. (1 point) ii.1972-1976. Show your work. (1 point) iii.1977-1997. Show your work. (1 point) iv.1995-2000. Show your work. (1 point) 4
data file, you’ll find data for the years 1960-2000 on k and y for Japan, and k and y for US. Answer the following
questions:
Print your excel file as part of the submission (2 points).
a. Compute average annual geometric growth rates of k and y for the following time periods for both Japan and
US. Show your work.
i.1961-1971. Show your work. (1 point) =? and =? ii.1972-1976. Show your work. (1 point) iii.1977-1997. Show your work. (1 point) iv.1995-2000. Show your work. (1 point) 3 b. Using = and = 1/3, calculate the productivity, A for both the countries for each of the years.
Compute the growth rate of productivity (A), , for both countries and for each of the time periods in 1b.
Show your work.
i.1961-1971. Show your work. (1 point) ii.1972-1976. Show your work. (1 point) iii.1977-1997. Show your work. (1 point) iv.1995-2000. Show your work. (1 point) 4
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