Question: If you had a panel data set with several year-wise observations on each country, explain how you would go about testing the inverted-U hypothesis. How

If you had a panel data set with several year-wise observations on each country, explain how you would go about testing the inverted-U hypothesis. How would your test change (for pragmatic reasons) as the number of data points per country changed?

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To test the invertedU hypothesis using a panel data set with several yearwise observations on each country you would need to follow a systematic approach that takes into account the available data and ... View full answer

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