Question: Problem 1 Consider the following models: In Y* = on + 02 In X/ + uf In Ya = B1 + B2 In Xi +

Problem 1 Consider the following models: In Y* = on +

Problem 1 Consider the following models: In Y* = on + 02 In X/ + uf In Ya = B1 + B2 In Xi + ui where Y* = wjY; and X* = w2 Xi, the w's being constants. Is the r different between the two models

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