Econometric

Econometric

Order Description

Essay statement
In a popular paper published in 1992 by the Quarterly Journal of
Economics (QJE), Gregory Mankiw, David Romer and David Weil
(MRW) conclude that:
“international differences in income per capita are best understood
using an [economic] growth model [where] output is produced from
physical capital, human capital, and labor, and is used for investment
in physical capital, investment in human capital, and consumption.”
(Mankiw et al. 1992 , p. 432)
Using the Eviews/GRETL dataset attached, carefully explain the
empirical evidence MRW provide in support in of their thesis. In
the light of this econometric analysis, do you share the authors’
conclusion above ?
Answer in about 1500 words (all included).

References
[MRW] Mankiw, N.G., Romer, D., Weil, D.N., (1992). A Contribution
to the Empirics of Economic Growth. The Quarterly Journal
of Economics 107, 407–437. doi:10.2307/2118477
<Available at:
https://qje.oxfordjournals.org/content/107/2/407.abstract >

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