User Account

All Pages

Diminishing marginal productivity of capital

Assignment Help Macroeconomics
Reference no: EM131262938

Macroeconomics 2000 words

Pick a country. Use the Solow model to analyse the economic growth of the country of your choice. 2000 words essay

Introduction

Thesis statement.

Brief summary or outline of the main topics/arguments/points made in the essay

Conclusion

Restatement or summary of the main points made in the body paragraphs and a final comment (if appropriate).

No new ideas are to be included in the conclusion. You write the introduction and conclusion last.

Main Body

• The Solow Growth Model (SGM)

1. Brief overview of model - production function, savings-investment function, breakeven investment function, steady state equilibrium.

2. Predictions/factors affecting SGM

i. Diminishing marginal productivity of capital.
ii. Change of saving rate and shift of savings-investment function
iii. Change of population growth rate and shift of breakeven investment function.
iv. Technological progress as driver of sustainable economic growth

3. Measurement of technological progress (TFP) using Solow residual.

• Introduction /Data / Graphs / Discussion of your chosen country (1970 - 2013)

1. Demographics
2. GDP growth and government policies from 1970 to 2013

Row 4: Years

Row 49: Share of household consumption

Row 50: Share of government consumption

Row 51: Share of investment

Row 52: Share of net exports

Plot as 100% Stacked Column graph with Years on x-axis.

(c) Marginal productivity of capital

Row 4: Years

Row 7: Total Factor Productivity

Row 9: Labour Productivity (based on number of employment) Row 10: Capital Productivity

Plot as line graph with Years on the axis.

4. Investment and relationship with economic growth

Row 41: Per capita GDP at constant prices

Row 51: Share of investment

Plot Row 41 on y-axis (labelled as Real GDP per person) and Row 51 on axis (labelled as Investment as % of Output) as scatter graph

5. Population growth rates and relationship with economic growth

Row 41: Per capita GDP at constant prices

Row 30: Labour input (as proxy for population growth rate)

Plot Row 41 on y-axis (labelled as Real GDP per person) and Row 30 on axis (labelled as Population Growth) as scatter graph

6. Contribution of TFP, capital and labour growth to economic growth

Row 4: Years

Row 23: Contribution of capital input

Row 26: Contribution of labour input

Row 31: Total Factor Productivity

Plot as 100% Stacked Column graph with Years on x-axis.

You may integrate the data / graphs / evidence for your country as you are discussing the various predictions of the SGM.

You can also present other relevant data in graphical or table format for your country to support your discussion.

•Bibliography and In-text referencing.

Reference no: EM131262938

Questions Cloud

Determining the universal health care : Universal health care has been a topic of interest and debate in the United States.  Any health care system presents both positives and negatives. From your text readings and/or research from the web and/or the virtual library:
State pros and cons of trading first pick versus using it : List the pros and cons for each alternative from Rons perspective, which may be different from yours. State the pros and cons of trading the first pick versus using it.
How macroeconomics is involved in health care reform plans : Explain how the World Health Organization (WHO) and Global Health Data Exchange (GHDx) will help manage the current and future need for health care professionals in all countries.
Basic strategies used to respond uncertainty : What are the basic strategies used to respond uncertainty by Starbucks company? Did them act as defender? If yes, which companies are their competitors?
Diminishing marginal productivity of capital : Diminishing marginal productivity of capital. Change of saving rate and shift of savings-investment function Change of population growth rate and shift of breakeven investment function.
Do the qualities change based on different situations : Write a 350- to 700-word essay on your management style. It may help to reflect on the following: What do you define as management? What are good qualities of a manager? What are poor qualities of a manager?
Defines the roles and applications of management functions : Write a 350- to 700-word paper that defines the roles and applications of management functions used by today's health care managers. Based on this week's readings, address the following in your paper: The functions of management in a heath care se..
Why strategic planning and operational planning important : Explain why strategic planning and operational planning are important.- How do plans and strategies differ?- Should all sport organizations have corporate-, business-, and functional-level strategies? Why or why not?
What does it mean to be a change agent : What does it mean to be a change agent? Give two examples of when you were a change agent or witnessed another nurse as a change agent. Explained how the change occured.

Reviews

Write a Review

Macroeconomics Questions & Answers

  What was it about each of the products that made your demand

Identify three separate things that you personally have purchased in the past month. Now, for each of those goods answer this question: If the price had been 50% higher would I still have bought that thing Or would I have said.

  What is the total fixed cost for monopoly

Consider a single monopoly that faces a market demand curve for a good is given by the equation P=100-.1Q and the total cost function is given as TC=1000+20Q-.4Q(^)(2). What is the total fixed cost for this monopoly?

  How to reduce the particular type of market failure

Explore the different ways that government can reduce market failure. Please give a specific example of such a regulation and discuss the extent to which you think it has been successful. What other approaches are available to reduce this particul..

  Question about fiscal policy

The United State Congress is currently debating new budget. Most Republicans wish to reduce federal spending. Democrats do not want to decrease federal spending by as much as Republicans do.

  What was the unemployment rate for that month

What month is summarized? What was the unemployment rate for that month? How does that rate compare with the rate in the previous month?

  Explain a congressman asserts the argument

Explain. A Congressman asserts the following argument: we need to produce more oil here in the United States. We consume 20 about million barrels of oil per day. If we promoted oil drilling in the United States, we could easily increase our domest..

  Why did they make this choice

Why did they make this choice? Would another decision be more helpful? What macroeconomic principles can be used to understand what is happening here?

  Elucidate what happens to economic growth and consumption

Elucidate what happens to Economic growth and Consumption at each stage of the cycle. At which stage of the Business cycle is your firm right now and why.

  Illustrate the similar price elasticity of supply

Illustrate the similar price elasticity of supply, sellers would be able to pass along the smalles portion of a 10%tax on which item.

  Expansionary or contractionary if the fed wants to keep

if the fed wants to keep real gdp at its potential level in 2015 should it use expansionary policy or contractionary

  Compass relate to sass

What are Sass, LESS, and Stylus? Why do people use them? How does something like Compass relate to Sass?

  What must be able to do to capture the value

If a firm has created value is it also always able to capture that value How does a firm create value and then what must it be able to do to capture that value In your answer provide an example of a firm that has been able to create value.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd