Maurice Tutor

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About Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 4 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 15 Jan 2018 My Price 6.00

contributions of education

Suppose output in country i is given by Yi = Ai QieφEi Li . Here Ei is each worker’s years of education, Qi is the quality of education, and the rest of the notation is standard. Higher output per worker raises the quality of education. Specifically, Qi is given by Bi(Yi/Li) γ , 0 <>< 1,="" bi=""> 0.

 

Our goal is to decompose the difference in log output per worker between two countries, 1 and 2, into the contributions of education and all other forces. We have data on Y, L, and E in the two countries, and we know the values of the parameters φ and γ.

 

(a) Explain in what way attributing amount φ(E2 − E1) of ln(Y2/L2) − ln(Y1/L1) to education and the remainder to other forces would understate the contribution of education to the difference in log output per worker between the two countries.

 

(b) What would be a better measure of the contribution of education to the difference in log output per worker?

 

 

 


Answers

Maurice Tutor
(5)
Status NEW Posted 15 Jan 2018 08:01 PM My Price 6.00

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