Economy of Jordan

Economy of Jordan   Order Description   For the country of Jordan: write a short paper of 5-10 pages with references and at least two tables, on the economy of Jordan since 1970 with time series data on population, GDP and GDP per capita and trade and the shares of different sectors and role of government. What explains the changes over time that you see in the structure and rates of growth? Consult Penn World Tables, World Bank World Development Indicators, United Nations National Account Statistics. Create a table showing GDP in constant prices 1970-2015, vs. Gross Capital Formation in constant prices, capital stock labour force, govt spending, exports, imports, agriculture, manufacturing, oil for the date range. Using the table, make deductions about the economy based on the data. Use the formula Ga = Gy - alpha K*Gk - (1-alphaK)*GL to show the impact of labour and capital. Pay attention to capital stock and gross capital formation. Gy (Growth rate of GDP)= Ga + alpha k *Gk (Growth capital) + (1- alphaK)*Gl (Labour growth) alpha K (Share of capital in GDP) Share of national income that goes to labour, goes to capital. Capital stock in 1971 is what it was in 1970 subtracting off a depreciation rate. (find capital stock for successive years. Uploaded: Syllabus, if you need any other info or attachments let me know, i can attach all the readings mentioned in the syllabus and class notes i took.