Part B: How to download data and set up a new data set in Stata ADD NEW VARIABLE Go at: http://data.worldbank.org/ Have a look at the window and choose: Indicators Go to the set of indicators with title: Economy & growth and choose:GDP (current US$) Choose: download data\EXCEL Save the new file at your desktop as gdp_original Mark and delete the rows 1-3 and do the same for the columns B up to AR. So, you have to remain with the years 2000-2017 (i.e. 18 years) Save the file as: gdp Mark the cells from B1-P1 with the years Ctrl+f to open the find and replace window Find: 20; Replace with: newvarname20 let say: gdp20 and choose: replace all Save the file as: gdp Open a stata file and open the menu: FileàimportàExcel spreadsheet: import first row as variable names-browse-ok (or select all the table copy and paste it into the data editor of a new stata file). Choose that the first line contains variables names. Open the data editor in stata. Open the menu: DataàVariables manager. Choose all the…
How to get money for Junk cars from Cash Car buyers? Cars that are unused for a long time are worn out and need high-cost maintenance. The cost of maintenance sometimes exceeds the actual value of the vehicle or car. Such cars are often termed as Junk cars. Junk cars are not only those cars that are exposed to air and become corrosive. It is because of this high expenditure on the maintenance work owner of the vehicle often thinks of selling the car. They list their vehicle in several advertisement websites like OLX, Locanto, or Quickr. But these websites do not give the excellent value of the car as it is supposed to be. The owner of the car does not know the exact market value and judge their price according to their preference. Sometimes they get good returns while, most of the time, they are mistaken. Hence we need an online platform that enables you to evaluate the car worth and allow you to sell at that fixed rate. The cash Car buyer is one such platform…
“Money Making” scheme In the last 3 months, a new “Money Making” scheme is going viral in the United States. Where Individuals are making more than $560 every day, in a 100% legal and genuine way from the comfort of their homes. WITHOUT promoting anything, possessing real estates, or buying Crypto-currencies! This system was recently made public by Mason Brown, an expert who claimed this as an “unfair advantage” for middle-class citizens. Mason is already extremely popular in Canada, where he provided access to more than thousands of people to his secret earning trick or hack that ordinary Americans could only dream of. A financial loophole that the rich guys enjoyed for many years but now finally became available for the general people. Many prominent business sites such as Forbes, Bloomberg, Business Insiders, and others have featured him. And he is now exclusively giving his support to 50 ordinary Americans like you and me influencing this “Secret” method to earn 1255% – 4450% per month. We spoke to Megan Clarke from Los Angeles, who is one of the first Americans…
How robots are outpacing the demand for human resources Welcome to the word of robots from day to day we see headlines on a breakthrough in robotics. Is it and explanation of how human are almost ready for the jump on board? But every person in Europe is having access to robotics. Does it sound good or bad? Right from the giant food stores, Google and supply chain companies and other prominent global company’s robots are used to collect data and offer virtual human assistance. This is both of help and at the same time terrible to us! Funny enough, it is the consumer-facing bots that get me crazy ant times. Currently, in the market, we have Traditional robots as well as robots whose speed is unlimited. How do we utilize them in our industries we make a lot of programs achievable. One can argue that robots are protecting human from injuries and dangers in the workplace, they do work faster and in the most collaborative manner possible. But we should understand that these robots are making us lazy and…
What determines the long-run growth rate of an economy? The theory of economic growth was developed to answer this question and has traditionally used dynamic models for the task. Starting from Solow (1956)’s neoclassical growth model, write a group report exaplaining how differential equations in continuous time can help building such models. Your report should include: [Neoclassical model] A discussion of how differential equations and phase diagrams were used by Robert Solow to formalize his theory. Make sure to elaborate on the concepts of steady state and convergence in this context. [Alternative models] An examination of possible limitations and refinements of Solow’s contribution, including examples of alternative dynamic models of economic growth. The number of alternative models you consider should be equal to your total group members minus one (e.g. three refined models in a group of four).[unique_solution] [Simulation] An application of your selected models to an economy of your choice. Hint: collect reasonable values for all constant paramenters – e.g. labour force growth rate, saving rates etc.., and solve your models – either analytically…
Using microeconomic principles to gain an understanding of how firms and individuals make decisions Overview The final project for this course is the creation of a research paper. Every day, millions of economic choices are made by people—from what brand of soap to buy to how many employees to hire for a factory. Microeconomics provides us with the tools, models, and concepts to better understand individual choices in the marketplace and how resource allocation is determined at the micro level. The decisions made by individuals and households impact the market and influence decisions made by firms. Firms use these tools as a way to determine pricing, output, and profit maximization. As a student of economics, you can use the microeconomic principles to gain an understanding of how firms and individuals make decisions and also to make your own conclusions about actions we can take to improve those decisions. Now, imagine that you are a consultant to the firm of your choice. The firm has hired you to advise it on how it can ensure its future success as…
Economic inequality of the badli workers of Bangladesh: Contested entitlements and a ‘perpetually temporary’ life-world Introduction Our lives are like floating rafts on the flowing water, we move from one corner to another corner. (Rani, female badli workers’ leader in Badli Workers Committee) In this article, we present an empirical account of management and organizational prac-tices that constitute and perpetuate a state of economic inequality for the badli workers of the state-owned jute mills (SOJMs) of the postcolonial state of Bangladesh and how this leads to their social marginalization. We do this through direct engagement with the badli workers’ own accounts and interpretations of their life-world and conditions that they perceive as inequitable, both unjust in themselves and unequal in relation to other members of the mill community of apparently similar economic value to management and the organization. Processes of industrialization, with their related organizational structures and wage employment relations, were first established in Bangladesh during the British colo-nial era. Historical accounts of the British Indian Empire tell that the jute industry constituted one of the…
Sustainability Dimensions and Strategies of Roche Introduction On September 19, 2005, Roche (Centre, 2020), a multinational pharmaceutical company, made a breakthrough. For a fact, the Dow Jones Sustainability and FTSE4Good indices remained part of the Roche Company. Franz B. Humer, Chairman, and Chief executive officer of Roche, shared his satisfaction with Roche’s performance in achieving the high standards set by Dow Jones and FTSE4Good Sustainability Indexes (Centre, 2020). In 2004, Roche Company also got listed, in light of the company’s cultural, environmental, and social achievements (Centre, 2020), for the first time in Dow Jones Sustainability World Index (DJSI World) and the Dow Jones STOXX Sustainability Index (DJSI STOXX). Roche Company has also got ranked second in the pharmaceutics industry for both indices as one of the top sustainability-focused companies in the world. In the FTSE4Good Index sequence, Roche has retained its place. Company Background Fritz Hoffmann-La Roche set up F. The pharmacy corporation, Hoffmann-La Roche & Company, was subsequently branded in 1896 by Roche (Centre, 2020). The original inventory in Roche’s product range consists of injury disinfectants (Airol) and cough…
Demand and Supply There is a large earthquake in a city. Some roads are destroyed, and people need more bottled water because pipelines are damaged. Use a supply and demand curve to show what happens to the price and quantity of bottled water in this city. Show with graph and explain The damage of pipelines significantly reduces piped water in the town. Since water is a basic need, people will have to shift to bottled water. According to the law of demand and supply, an increase in demand for bottled water results in an increase in price. Since water is an inelastic product, people will continue to buy despite the rise in price, and this increases supply in the short run. From the above graph, an increase in demand for bottled water from D1 to D2 results in to increase in quantity supplied from Q1 to Q2. Consequently, price increases from P1 to P2. The overall equilibrium point shifts from EO to E1. All the above changes happen in the short run, while in the long run, things might be…
risks resulting from uncertainty of prices QUESTION 8 In low and middle-income nations, the risks resulting from uncertainty of prices pose serious threats to traders and farmers. In these developing countries, the risks brought about by price uncertainty are increasingly borne by traders and farmers and not by the government or consumers. Prices are subject to variations that are quite unpredictable, with direct and indirect costs. The National Statistical Office (NSO) of India has set the nominal growth rate at 7.5% for this fiscal year, which will end in March 2020, the worst to be recorded since 1975. This has been caused by a budgeted fiscal deficit of 7 trillion compared to the now low GDP number of 204 trillion. The result is a fiscal deficit ratio of up to 3.5% of GDP. This fiscal slippage during times of slow growth does not come surprisingly; early warning signs of the sustainability of debt and its repayment have already started to show up, causing major concerns in India’s bond markets. The thought that an investor would give payment to loan money over any…