Using the data set Growth described in Empirical Exercise E4.1, but excluding the data for Malta, carry
Question:
Using the data set Growth described in Empirical Exercise E4.1, but excluding the data for Malta, carry out the following exercises. a. Construct a table that shows the sample mean, standard deviation, and minimum and maximum values for the series Growth, TradeShare, YearsSchool, Oil, Rev_Coups, Assassinations, and RGDP60. Include the appropriate units for all entries. b. Run a regression of Growth on Trade Share, YearsSchool, Rev_Coups, Assassinations, and RGDP60. What is the value of the coefficient on Rev_Coups? Interpret the value of c. Use the regression to predict the average annual growth rate for a country that has d. Repeat (c) but now assume that the country's value for Trade Share is one standard e. Why is Oil omitted from the regression? What would happen if it were included? this coefficient. Is it large or small in a real-world sense? average values for all regressors deviation above the mea.
Expert Answer:
Answer a Regression results regress growth tradeshare yearsschool revcoups assasinations rgdp60 Sour... View the full answer
