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Consider the model and data of section 9.4, except consider the case of just one lagged dependent variable. Throughout, estimate the parameters of the models with the noconstant option. Consider estimation of the dynamic model viz = ce,-1-1Yit-i+em, when T = 7, where sit are serially uncorrelated. Explain why OLS
to inconsistent estimation of 71. Propose an Iv estimator of the preceding model where there is just one instrument. Implement this just-identified iv estimator using the data on luage and the ivregress command. Obtain cluster-robust standard errors. Compare with OLS estimates of the differenced model.
A local municipality has issued a request for proposals to conduct a feasibility study to design, implement, and sustain a recycling program in a small town. As PM, you need to develop a bar chart to assign responsibility and maintain a project sc..
Pick one of the variables that are significant at a 5% error level and explain what the slope estimate means (explain it in a way that someone outside the class would understand, and use the numerical value of the estimate in your answer.)
the machining time per piece if 0.164 h and the machine loading time is 0.038h. with an operator rate of 12.80h and a
Rubinland is a small island economy that has no taxes, no transfer payments, no government purchases, no exports, and no imports. Rubinland's economy is represented by the following equations: C = 5,000 + 0.6Y I = 5,000 where C represents consumpti..
Computers cost $125 each and you must pay each worker $30 per hour.
The information in the table given below are the results of a random sample of current home sales in your neighborhood that your boss has asked you to use to estimate relationship in selling price of house and number of square feet in it.
Go to the Web site of the National Income Accounts at the Bureau of Economic Analysis (www.bea.doc.gov/bea/ dn1.htm). What is the latest figure on the economy's nominal GDP? On real GDP? What was the growth rate of real GDP during the most recentl..
In a large city it was found that summer electricity bills for single-family home followed a normal distribution with standard deviation $100. A random sample of 25 bills was taken. a. Find the probability that the sample standard deviation is less..
The demand for widgets is found to be Q=100-11P +0.5Y, where P is the price of widgets in dollars, Y is average income in thousands and Q is the quantity of widgets in thousands. Say that P=7 and Y=50.
They argue that this will lead to lower prices for drugs because competitors will enter the market after the five-year period. Do you see any drawbacks to this proposal?
A firm in a purely competitive industry is currently producing 1200 per day at a total cost of $ 600. If the firm produced 1000 units per day, its total cost would be $ 400, and if it produced 700 units per day, its total cost would be $ 375.
How will this sabotage affect the results - However, Sandy and you were industrial spies, employed by the EF Pencil Co. and sent to ECON6351 to cause as much trouble as possible.
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