Hi guys, I need your help!
I have to replicate a table in which there are some variables ( gdp growth, labor share, etc)
I have a database that cointains for each country the times series ( 1960-2000) of the base variables.
How can I compute a unique value starting from a time series??
I need to compute the Capital Share ( K / Y ) of USA
In the database I have the time serie of K and the time serie of Y
If I make K / Y with R , I get a time series as a result, but I need instead a single number ( as in the table that I have to replicate )
Should I make an average of all the observations in K and an average of all the observations in Y an then make the ratio?
Or should I compute the difference from the first observation and the last one for both variables and then make the ratio?
thanks to anyone who will help me