To study the rate of growth of population in Belize over the period 19701992, Mukherjee et al.

Question:

To study the rate of growth of population in Belize over the period 1970€“1992, Mukherjee et al. estimated the following models:

4.73 + 0.024t t= (781.25) (54.71) 4.77 + 0.015t t = (2477.92) (34.01) (-17.03) Model I: In (Pop), In (Pop), Model II: 0.


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 Belize€™s 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 1972€“1977 and 1978€“1992?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

Question Posted: