Using the Munnell (1990) data set considered in the empirical example, estimate the Cobb-Douglas production function investigating
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Using the Munnell (1990) data set considered in the empirical example, estimate the Cobb-Douglas production function investigating the productivity of public capital in each state's private output using nested MLE and REML as shown in the Stata output in Tables 9.5 and 9.6.
Table 9.5:
Table 9.6:
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