reversal in 1986:4 In other words, United States becoming more capital-intensive.• capital stocks of ... flow• IE, IS: real investment in equipment and structures• KELAG, KSLAG: once-lagged capital stocks ... ) Approximate unit of the values by each coefficient3)ss than real output in 1952:1 but These turns to
Exercise 1, 2, 5, 8 using data CPS78 and CPS 85 at chapter 5 inBerndt’s book.Exercise 1. ... higher than the geometric mean calculated in the previous step.Mean value of schooling(years of schooling ... Thus, it implies that there is 5.6 percent annual return to schooling for both union and nonunion members