To study the rate of growth of population in Belize over the period 19701992, Mukherjee et al.
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where Pop = population in millions, t = trend variable, Dt = 1 for observations beginning in 1978 and 0 before 1978, and ln stands for natural logarithm.
a. In Model I, what is the rate of growth of Belizes population over the sample period?
b. Are the population growth rates statistically different pre- and post-1978? How do you know? If they are different, what are the growth rates for 19721977 and 19781992?
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