Question: 4) (10 points) Suggest a variable that varies across states but is potentially time invariant (or changes little over time) that could be an important

4) (10 points) Suggest a variable that varies across states but is potentially time invariant (or changes little over time) that could be an important determinant of Violent crime rates. Using the omitted variable bias formula, show whether omitting this variable from you regression would cause the coefcient on shall law to be biased. Sign the bias. Is the estimated impact of shall law above under or over-estimated? Why or why not? Be brief

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Dana's Ribbon World makes award rosettes. Following is information about the company: Variable cost per rosette Sales price per rosette Total fixed costs per month $ 1.60 3.00 889.00 Required: 1....

Some U.S. states have enacted laws that allow citizens to carry concealed weapons. These laws are known as "shall-issue" laws because they instruct local authorities to issue a concealed weapons...

E10.1 Some U.S. states have enacted laws that allow citizens to carry concealed weapons. These laws are known as shall-issue laws because they instruct local authorities to issue a concealed weapons...

Do citizens demand more democracy and political freedom as their incomes grow? That is, is democ racy a normal good? To investigate this issue, you will explore the dataset Incone Democracy, dta...

Questions 1,2,3,4,5. Use R studio when necessary. Please show screenshots of R commands and R outputs. income_democracy.dta :...

Problem 2: Demand for Democracy (70 marks) Background: Do citizens demand more democracy and political freedom as their incomes grow? That is, is democ racy a normal good? To investigate this issue,...

I need help figuring out how to write a discourse community analysis essay based on my annotated bibliography information. I am struggling on how I should start the essay and what exactly the essay...

1. Having problems with these last 12 homework questions. Any help would be appreciated. A student uses computer software to generate 10 random numbers from aN(500, 100) distribution. From these ten...

Jones & Bartlett Learning, LLC. NOT FOR RESALE OR DISTRIBUTION CHAPTER Hot Spot Analysis 10 LEARNING OBJECTIVES C A R R Provide a working definition of a \"hot spot.\" , Be able to explain different...

Hi-Grade Regulator Company (see Problem 5) expects the EBIT level after the expansion program to be $1 million, with a two-thirds probability that it will be between $600,000 and $1,400,000. a. Which...

What is operating leverage? How is knowing the degree of operating leverage (DOL) helpful to managers?

management and leadership style in modern organization for strategic management

You have $1,000 to invest. All the money must be placed in one of the three investments: gold, oil option, or mutual fund. If $1,000 is invested, the value of the investment one year from now depends...

Envision presenting technical information to a nontechnical audience. What computer or technology tools should a manager of technology use to enhance their communications? Are there any tools or...

What do you see as the main trends and challenges of IHRM? What could be some solutions for the challenges you indicated?

Determine the unit value that should be used for inventory costing following lower of cost or market value . Circle your answer. Cost Replacement cost Metrealizable value Net realizable value less...

Johnson & Johnsons over-the-counter drugs such as Tylenol products have many risks associated with them in product quality and safety. How would you suggest Johnson & Johnson gain more control and...

Describe an instance where made an unplanned purchase. What was it and what made you buy the product? Did you buy it again after the initial impulse buy? Why did you buy or not buy the product again?

Competence: What knowledge, skills and attitude do I have towards what I am going to do?

1. Imagine a real situation in your workplace or home situation, where you have given another person feedback on something he has done. a. What was your intention? b. How was the feedback perceived?...

Behaviour: What am I doing?