Previous studies of exports performance in Ghana were carried out at the aggregate level. This current...

 

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Previous studies of exports performance in Ghana were carried out at the aggregate level. This current study performs a disaggregated analysis of exports of three major products, namely, timber, tourism, and gold. This kind of analysis is useful for developing sector-based export promotion policies. The results from one of the estimations are presented in the table below. Use the information in the table to answer the questions that follow. Use the 5% level of significance when needed. Table 1: Regression output of exports of gold in Ghana Dependent Variable: Exports of gold Variable Inflation Real GDP Real Investment Trading partner income Relative prices Exchange rate Constant R-squared Adjusted R-squared F-statistic Prob(F-statistic) Coefficient -0.396 0.141 0.352 0.159 0.014 0.434 -0.556 0.841 0.829 70.345 0.000 Std. Error 0.402 0.036 0.368 0.046 0.002 0.424 2.88E+08 t-Statistic a. Identify the dependent and independent variables from the results b. Derive the regression equation from the table above c. Interpret the coefficients of significant variables -0.984 3.937 0.956 2.052 6.456 1.025 -0.193 d. Explain the R-Squared value e. Explain the F-value and its overall significance to the regression output Prob. 0.331 0.000 0.345 0.001 0.000 0.311 0.848 Previous studies of exports performance in Ghana were carried out at the aggregate level. This current study performs a disaggregated analysis of exports of three major products, namely, timber, tourism, and gold. This kind of analysis is useful for developing sector-based export promotion policies. The results from one of the estimations are presented in the table below. Use the information in the table to answer the questions that follow. Use the 5% level of significance when needed. Table 1: Regression output of exports of gold in Ghana Dependent Variable: Exports of gold Variable Inflation Real GDP Real Investment Trading partner income Relative prices Exchange rate Constant R-squared Adjusted R-squared F-statistic Prob(F-statistic) Coefficient -0.396 0.141 0.352 0.159 0.014 0.434 -0.556 0.841 0.829 70.345 0.000 Std. Error 0.402 0.036 0.368 0.046 0.002 0.424 2.88E+08 t-Statistic a. Identify the dependent and independent variables from the results b. Derive the regression equation from the table above c. Interpret the coefficients of significant variables -0.984 3.937 0.956 2.052 6.456 1.025 -0.193 d. Explain the R-Squared value e. Explain the F-value and its overall significance to the regression output Prob. 0.331 0.000 0.345 0.001 0.000 0.311 0.848

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Step 1 of 4 a The dependent variable in the table is exports of Gold The independent variables are inflation real GDP real investment trading partner ... View the full answer