Back
Uncategorized

GINI index

Provide a visual representation of the relationship between openness and inequality by plotting a graph that shows the change in openness with respect to GINI index for these countries over the time period between 2003 and 2015. Establish how being integrated with the rest of the world affected inequality in these two countries by looking at the correlation between their openness and GINI index. State and explain whether your data findings are in line with theory (Hint: Both Italy and Sweden are skilled-labour abundant countries). Continue your technical analysis from your first report and state what would have happened to these countries once they are allowed to trade with each other based on our hypothetical scenario of Ricardian model