Q7) Estimated investment function for Turkey between 1951-1976: where I: investment, Y: GNP, M: Imports. Following...

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Q7) Estimated investment function for Turkey between 1951-1976: where I: investment, Y: GNP, M: Imports. Following information is given = 1633.55 + 154.32Y+0.12Mt + 584.54D-41.42DtYt + 0.34DtMt i) where D is defined as: ii) R = 0.9348 D = {1, Dt (4-4) = = 67589 for t= 1951 1959 for t= 1960-1976 (1) Using the information, write separate investment functions for each period (1951- 1959 and 1961 - 1976). Given the below estimation with SSR = 493245 for t = 1951 - 1976 (2) It = 996.5 + 116.19Y + 0.37Mt test if political events occurred in Turkey in 1960 caused a structural change in the investment function. Q7) Estimated investment function for Turkey between 1951-1976: where I: investment, Y: GNP, M: Imports. Following information is given = 1633.55 + 154.32Y+0.12Mt + 584.54D-41.42DtYt + 0.34DtMt i) where D is defined as: ii) R = 0.9348 D = {1, Dt (4-4) = = 67589 for t= 1951 1959 for t= 1960-1976 (1) Using the information, write separate investment functions for each period (1951- 1959 and 1961 - 1976). Given the below estimation with SSR = 493245 for t = 1951 - 1976 (2) It = 996.5 + 116.19Y + 0.37Mt test if political events occurred in Turkey in 1960 caused a structural change in the investment function.

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