ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Hi. I just need to know the true or false for the bottom 5  please?

A researcher investigating the factors related to a country's economic growth between 2005 and 2010
estimates the following model for a sample of countries (using cross sectional data):
GROWTH = a + b = GDPH2005+cx INV+dx EDUC+ex RIGHTS + 1* ELEC
where:
GROWTH is the country's economic growth (percent change of GDP per person at constant prices
between 2005 and 2010);
GOPH2005 is the log of the country's level of GDP per person in 2005 (USS at 2005 prices);
NV is the country's share of gross investment in fixed capital (Gross Fixed Capital Formation) as a
percentage of GDP in 2005;
EDUC is an indicator of the level of education of the population (total enrolment in secondary schools as a %
of population aged 15 and over);
RIGHTS is an indicator of the strength of legal rights (0-weak to 12-strong):
ELEC is the percentage of population who have access to electricity:
The results of the estimation are:
Variables
GDPH2005
INV
EDUC
RIGHTS
ELEC
Constant
INV: Cheese
Choose
EDUCCHE
Choose
RIGHTS Cheese
Choose
ELEC CH
Choose
Coefficients
GDPH 2005 C
-0.1322
Choose
0.0129
0.0036
-0.0010
0.0034
0.6751
Standard
Errors
0.0170
0.0031
0.0013
0.0091
0.0010
0.1139
ues
-7.7600
4.1900
2.8000
-0.1100
3.5800
5.9300
From the dropdowns select True for the variables that, according to the models results (using a 5%
significance level), are positively associated with economic growth for the countries and the time period
covered by the data. For those that are not, select False.
p-values
0.0000
0.0000
0.0060
0.9120
0.0010
0.0000
expand button
Transcribed Image Text:A researcher investigating the factors related to a country's economic growth between 2005 and 2010 estimates the following model for a sample of countries (using cross sectional data): GROWTH = a + b = GDPH2005+cx INV+dx EDUC+ex RIGHTS + 1* ELEC where: GROWTH is the country's economic growth (percent change of GDP per person at constant prices between 2005 and 2010); GOPH2005 is the log of the country's level of GDP per person in 2005 (USS at 2005 prices); NV is the country's share of gross investment in fixed capital (Gross Fixed Capital Formation) as a percentage of GDP in 2005; EDUC is an indicator of the level of education of the population (total enrolment in secondary schools as a % of population aged 15 and over); RIGHTS is an indicator of the strength of legal rights (0-weak to 12-strong): ELEC is the percentage of population who have access to electricity: The results of the estimation are: Variables GDPH2005 INV EDUC RIGHTS ELEC Constant INV: Cheese Choose EDUCCHE Choose RIGHTS Cheese Choose ELEC CH Choose Coefficients GDPH 2005 C -0.1322 Choose 0.0129 0.0036 -0.0010 0.0034 0.6751 Standard Errors 0.0170 0.0031 0.0013 0.0091 0.0010 0.1139 ues -7.7600 4.1900 2.8000 -0.1100 3.5800 5.9300 From the dropdowns select True for the variables that, according to the models results (using a 5% significance level), are positively associated with economic growth for the countries and the time period covered by the data. For those that are not, select False. p-values 0.0000 0.0000 0.0060 0.9120 0.0010 0.0000
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