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

Problem 1 Consider the following models: In Y* = on + 02 In X/ tut In Ya = B1 + B2 In Xi tui where Y* = w1Y; and X* = w2 X,, the w's being constants. Is the r different between the two models
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
