Questions from General Economics

Q: Suppose that the population model determining y is y = 

Suppose that the population model determining y is y = 0 +  1x1 +  2x2 +  3x3 + u, and this model satisfies Assumptions MLR.1 t...

Q: The following equation represents the effects of tax revenue mix on subsequent

The following equation represents the effects of tax revenue mix on subsequent employment growth for the population of counties in the United States: growth = 0 +  1shareP +  2shareI +  3shareS +...

Q: a. Consider the simple regression model y = b0 + b1x

a. Consider the simple regression model y = b0 + b1x + u under the first four Gauss-Markov assumptions. For some function g(x), for example g(x)= x2 or g(x)= log (1 + x2), define zi = g(xi). Define a...

Q: Suppose you have a sample of size n on three variables,

Suppose you have a sample of size n on three variables, y, x1, and z2, and you are primarily interested in the effect of x1 on y. Let

Q: The following estimated equations use the data in MLB1, which contains

The following estimated equations use the data in MLB1, which contains information on major league baseball salaries. The dependent variable, lsalary, is the log of salary. The two explanatory variabl...

Q: The following model can be used to study whether campaign expenditures affect

The following model can be used to study whether campaign expenditures affect election outcomes: voteA = β0 + β1log(expendA) + β2log(expend) + β3prtystrA + µ, where voteA is the percentage of the vot...

Q: (i) State and test the null hypothesis that the

(i) State and test the null hypothesis that the rank of law schools has no ceteris paribus effect on median starting salary. (ii) Are features of the incoming class of students—namely, LSAT and GPA—i...

Q: Refer to Computer Exercise C2 in Chapter 3. Now, use

Refer to Computer Exercise C2 in Chapter 3. Now, use the log of the housing price as the dependent variable: Log(price) = β0 + β1sqrft + β2bdrms + µ. (i) You are interested in estimating and obtaining...

Q: The restricted version of the model can be estimated using all 1

The restricted version of the model can be estimated using all 1,388 observations in the sample. Compute the R-squared from the regression of bwght on cigs, parity, and faminc using all observations....

Q: Use the data in MLB1 for this exercise. Use the

Use the data in MLB1 for this exercise. Use the model estimated in given equation Log(salary) = 11.19 + .0689 years + .0126 gamesyr (0.29) (.0121) (.0026) 1 .00098 bavg + .0144...