Analysis of India-Russia Economic Growth: A Comparative Study
This study compares the economic growth of India and Russia through an analysis of components such as gross value added, number of employees, capital services, and capital shares. It explores the concept of aggregate MFP and evaluates the use of an aggregate production function. The paper provides insights on critiquing the methodology used and offers suggestions for improving presentation aspects. Figures and graphs are utilized to illustrate employment, capital deepening, TFP contributions, and sources of G7 economic growth. Recommendations are made for enhancing data interpretation and conclusion summaries.
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Presentation Transcript
Review of Erumban et al. An India-Russia Comparison Barbara M. Fraumeni China Center for Human Capital and Labor Market Research Central University of Finance and Economics, Beijing, China CEFMS, Hunan University, Changsha, China National Bureau of Economic Research, Cambridge, MA USA IZA, Bonn, Germany
Components Gross value added, number of employees (FTE), capital services, and capital shares available for both countries For Russia, capital services from each asset is proportional to the average of the stock available at the end of the current and prior period 2
Aggregate MFP Aggregate economy MFP is computed as the sum of sectoral growth rates weighted using their nominal share How much different would the answer be if an aggregate production function was used? 3
How Do I Critique This Paper? Uses data and decomposition of growth methodology I strongly favor Presents results with some interpretation, but emphasis is on the results Solid data base contribution 4
Figure 1 5
Presentation Comments Combine figure 1 and 2 Employment, capital deepening, and TFP contributions to VA growth Employment and capital deepening the link between labor productivity and TFP Otherwise I kept going between the two graphs to get the whole picture Flip bars to vertical 6
Sources of G7 Economic Growth Sources of G7 Economic Growth
Summaries Bring conclusion summaries into the body of the paper to help avoid number fatigue Can repeat these to some extent in the conclusion 8
More Figures Like Figures 3 For table 4, show industry and services above and below averages, probably both countries on the same graph, one for each subperiod 10
Might Not Work! But somehow you need to keep your audience from suffering from number overload Estimates done, just presentation work to be completed 11
