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 INVdxEDUC+ex RIGHTS+1x ELEC where: GROWTH is the country's economic growth (percent change of GDP per person at constant prices between 2005 and 2010); GDPH2005 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 NV EDUC RIGHTS ELEC Constant Coefficients -0.1322 0.0129 0.0036 -0.0010 0.0034 0.6751 Standard Errors 0.0170 0.0031 0.0013 0.0091 0.0010 0.1139 1-values -7.7600 4.1900 2.8000 -0.1100 3.5800 5.9300 p-values 0.0000 0.0000 0.0060 0.9120 0.0010 0.0000 From the dropdowns select True for the variables that, according to the model's 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.
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 INVdxEDUC+ex RIGHTS+1x ELEC where: GROWTH is the country's economic growth (percent change of GDP per person at constant prices between 2005 and 2010); GDPH2005 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 NV EDUC RIGHTS ELEC Constant Coefficients -0.1322 0.0129 0.0036 -0.0010 0.0034 0.6751 Standard Errors 0.0170 0.0031 0.0013 0.0091 0.0010 0.1139 1-values -7.7600 4.1900 2.8000 -0.1100 3.5800 5.9300 p-values 0.0000 0.0000 0.0060 0.9120 0.0010 0.0000 From the dropdowns select True for the variables that, according to the model's 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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Hi. I just need to know the true or false for the bottom 5 please?
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
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education