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Working budget of $ 2 billion Methods research - Coursework Example
Topic: Working budget of $ 2 billion Methods research- finance paper
1. Using the three electronic resources, compile the required data for the 48 countries in an Excel spreadsheet (each row should represent a country and each column should contain the data for one variable).
Using the three electronic resources, compile the required data for the 48 countries in an Excel spreadsheet (each row should represent a country and each column should contain the data for one variable). Gross Domestic Product (GDP) is very important in the calculation of the national income of any country. The GDP is calculated by adding the market value of all the final goods or services produced within a country in a given financial year. to be more specific no intermediate goods but only the final products or services because if intermediate goods are also taken into consideration then there would be the error of double calculation in the national income of the country. The GDP of a country is arrived at by adding the sum involved in the consumption activities, the investment activities, the spending by the government of the country and also the net exports (which is derived by deducting the gross imports from the gross exports). GDP = Cn + It + Gs + E(e-i) Where Cn = consumption, It = investment, Gs= Government spending, E= net exports, i= imports, e= exports. The exogenous model is also called as the most suitable model which is needed to understand and frame the long term economic growth of a country. Excel sheet attached. 2. Read the compiled data into Stata, and estimate the empirical model. ...