Answer to Question #234782 in Macroeconomics for pooja ds

Question

Extract the GDP, employment rate, investment, education, political stability or other socio-political, institutional, and economic factors for all the economies. Run the regression analysis for the conditional and unconditional convergence for a sample of developed countries and developed countries, each separately and an aggregate analysis for the global economy. The selection for the development level categories can follow regional divisions or international organization membership, etc.…. (For e.g. OECD, Western Economies, OPEC, BRICS, etc.) . Plot the respective convergence analysis graphs depicting the convergence behavior. (Use the average per capita GDP growth between 1990 and 2020 as a dependent variable and GDP growth rate in 1960 as the independent variable for the unconditional regression analysis. For the conditional convergence, use additional explanatory variables in addition to the GDP growth rate

Answer 1

• In this case, I will focus on the 2021 GDP of developed nations as outlined below: States (GDP: 20.49 trillion)
• China (GDP: 13.4 trillion)
• Japan: (GDP: 4.97 trillion)
• Germany: (GDP: 4.00 trillion)
• United Kingdom: (GDP: 2.83 trillion)
• France: (GDP: 2.78 trillion)
• India: (GDP: 2.72 trillion)
• Italy: (GDP: 2.07 trillion)