Equation 1: 8 = 0.29 +0.9rgdp60, +2.43 tradeshare; (0.60) (0.09) (0.78) R0.14; R0.11;n - 65 Equation...

 

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Equation 1: 8 = 0.29 +0.9rgdp60, +2.43 tradeshare; (0.60) (0.09) (0.78) R²0.14; R²0.11;n - 65 Equation 2: 8 = 0.49 -0.47 rgdp60, +1.56 tradeshare, +0.57 yearsschool, -2.16 rev & coups; + 0.35 assa sin ations;; (0.69) (0.15) (0.14) (1.11) (0.47) (0.76) R² = 0.36, R² =0.30; n = 65 Equations 1-2 above report two regression estimates obtained from a sample of 65 countries. The numbers in parentheses are standard errors. The variables are defined as follows: g= Average annual growth rate in percent; yearsschool = Years of schooling; rgdp = Real GDP in 1960 ('000$); coups; rev&coups = Number of revolution and tradeshare= Share of trade in GDP; assassinations = Number of assassinations. Equation 1: 8 = 0.29 +0.9rgdp60, +2.43 tradeshare; (0.60) (0.09) (0.78) R²0.14; R²0.11;n - 65 Equation 2: 8 = 0.49 -0.47 rgdp60, +1.56 tradeshare, +0.57 yearsschool, -2.16 rev & coups; + 0.35 assa sin ations;; (0.69) (0.15) (0.14) (1.11) (0.47) (0.76) R² = 0.36, R² =0.30; n = 65 Equations 1-2 above report two regression estimates obtained from a sample of 65 countries. The numbers in parentheses are standard errors. The variables are defined as follows: g= Average annual growth rate in percent; yearsschool = Years of schooling; rgdp = Real GDP in 1960 ('000$); coups; rev&coups = Number of revolution and tradeshare= Share of trade in GDP; assassinations = Number of assassinations.

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Identify the dependent variable in both equations The dependent variable in both Equations 1 and 2 is the average annual growth rate in percent repres... View the full answer