I want to forecast demand of labor from 2019 to 2050. The basic formula is Et = Et-1*(1 + elastic*gdpgr/100), here Et is employment total number, Et-1 is employment total number of last year, elastic is empoyment elastic, gdpgr is GDP growth rate. So ΔEt=Et - Et-1. For example, demand of labor in 2019 is E2019 = 6180.6*(1+0.093*0.068) = 6219.686, and incoming employment is ΔE2019 = 6219.686 - 6180.6 = 39.086. Now I want to apply this formula up to 2050 automatically. Can anyone provide me a solution. Thank you.
Code:
* Example generated by -dataex-. To install: ssc install dataex clear input int year float(employment elastic gdpgr) 2018 6180.6 .093 6.8 2019 . .093 6.8 2020 . .093 6.8 2021 . .093 6.8 2022 . .093 6.8 2023 . .093 6.8 2024 . .093 6.8 2025 . .093 6.5 2026 . .093 6.5 2027 . .093 6.5 2028 . .093 6.5 2029 . .093 6.5 2030 . .093 6.3 2031 . .093 6.3 2032 . .093 6.3 2033 . .093 6.3 2034 . .093 6.3 2035 . .093 6 2036 . .093 6 2037 . .093 6 2038 . .093 6 2039 . .093 6 2040 . .093 6 2041 . .093 6 2042 . .093 6 2043 . .093 6 2044 . .093 6 2045 . .093 6 2046 . .093 6 2047 . .093 6 2048 . .093 6 2049 . .093 6 2050 . .093 6 end
0 Response to basis of calculation increase progressively
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