1. Download GDP data for China, India, and the United States starting in the year of the 1980s corresponding to the last digit of your B00 number. For example, if your B00 number ends in 5, collect data starting in 1985; if your B00 number ends in 7, collect data starting in 1987. Find data through the year 2021. Use the series GDP (constant 2015 US$).
2. For China, India, and the United States separately, calculate the compound annual growth rate (CAGR) of GDP between your earliest year (selected according to the last digit of your B00 number) and the year 2021. (Note: The formula for CAGR is (end value/beginning value)^(1/number of years) – 1, × 100 to get a percentage.)
3. Construct a figure showing the GDP of China, India, and the United States on the same chart.
4. Download GDP per capita data for China, India, and the United States starting in the year of the 1980s corresponding to the last digit of your B00 number. Find data through the year 2021. Use the series GDP per capita (constant 2015 US$).
5. For China, India, and the United States separately, calculate the compound annual growth rate (CAGR) of GDP per capita between your earliest year (selected according to the last digit of your B00 number) and the year 2021.
6. Construct a figure showing the GDP per capita of China, India, and the United States on the same chart.
7. Bosworth and Collins (2008) use three variables to explain why GDP per capita has grown: physical capital accumulation, human capital accumulation, and openness. Download data on each explanatory variable for China and India starting in the year of the 1980s corresponding to the last digit of your B00 number and ending in the year 2020 or 2021, the latest year available. Use the series Gross fixed capital formation (% of GDP), School enrollment, secondary (% gross) (note: not available for each year), and Trade (% of GDP).
8. For China and India (separately), calculate the correlation coefficient between each explanatory variable and GDP per capita between your earliest year (selected according to the last digit of your B00 number) and the year 2020 or 2021, or the latest year available.
Essay:
In your essay, clearly explain your hypothesis regarding the factors that best explain growth in China and India. Describe the growth performance of China and India, both in absolute terms and in per-capita terms. Compare the two countries to each other and to the United States, and discuss whether each explanatory variable helps to explain growth performance. Which of the three variables has the highest correlation with GDP per capita? Do Bosworth and Collins (2008) also find this variable to be important?
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