Growth Accounting and Productivity Estimation Exercise

Growth Accounting and Productivity Estimation Exercise
This is an exercise in growth accounting and estimating productivity, and will help you prepare for Exam 2. A companion Excel file contains all the data you will need. That file has the average growth rates per decade of output per worker,y ˆ, capital per worker,
ˆk, and human capital,ˆh for various counties. It also contains output, capital and human capital per workerrelative to the US for 2010 ( , , ) i US i US i US y y k k h h
for the sample of countries. The following is your assignment:
1. Identify the country associated with your last name. You were perform all calculations only on that country and the US. If you cannot find your name on the list, pick a country of a student you do not know. If you do not know where your assigned country is, locate it on a map.
2. For your country and the US compute the growth rate of output per worker that is attributable to factor growth and what is attributable to TFP growth for each decade. Compute the average TFP growth for both countries across the six decades. Compare your country with the US with regards to factor growth and TFP growth.
3. Compute the relative productivity of your country to the US in 2010, A A i US . Explain briefly what this ratio means.
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