Obtain data on the crime rate

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Reference no: EM131480481

Question: Consider the model given in Equations. Obtain data on the crime rate, law enforcement spending and Gini coefficient for any country of your choice, or for a group of countries, or for a group of states within a country, and estimate the two equations by OLS. How would you use IV to obtain consistent estimates of the parameters of the two models? Show the necessary calculations.

Reference no: EM131480481

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