Question: 19.8 Consider the model given in Eqs. (19.35) and (19.36). Obtain data on the crime rate, law enforcement spending and Gini coeffi cient for any

19.8 Consider the model given in Eqs. (19.35) and (19.36). Obtain data on the crime rate, law enforcement spending and Gini coeffi cient for any country of your choice, or for a group of countries, or for a group of states within a country and estimate the two equations by OLS. How would you use IV to obtain consistent estimates of the parameters of the two models? Show the necessary calculations.

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