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Calculate the effect of the us president on economic growth

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Reference no: EM133552360

Question: Why can we not simply look at how the economy changes when the US president changes in order to calculate the effect of the US president on economic growth? US presidents might have both positive and negative effects on the economy. US presidents are more likely to lose elections when the economy is doing poorly and so this method would be biased due to reverse causality. There is no variation in the independent variable.

 

 

Reference no: EM133552360

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