Pick two countries of your choice. Rarer countries are more fun but might be tough to find data.

You have the choice of submitting this worksheet for three points redeemable toward the second exam.
1. Pick two countries of your choice. Rarer countries are more fun but might be tough to find data.
2. Using your laptop, please find the following data (and provide the source or the data series if you use St. Louis Fred) for each of the two countries. (Hint: St. Louis Fred is an excellent data source!)
(a) The average saving rate (s ) between 2000 and 2010.
(b) The cumulative GDP growth rate between 2000 and 2010. Hint: Find the value for real GDP in 2000 and 2010 and then calculate the cumulative GDP growth rate between 2000 and 2010
(c) Total Factor Productivity in 2000 and 2010. Hint: Find the Total Factor Productivity at Constant National Prices from the St. Louis Fred
(d) R&D spending over GDP in 2000 and 2010.
3. Assuming the same rate of depreciation, are the data consistent with the Romer growth model in terms of output difference across these countries? Why and why not?

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