A researcher is investigating the impact of a firm's capital intensity on its labour productivity using data for the year 2014 for a sample of manufacturing firms from Germany, France, Sweden, Italy and the UK. She has estimated the following model: LP = 190 +0.3 x CAPIN - 31.8 x FR + 65.4 x SE + 15.8 x UK - 25.1 x IT where: LP is the firm's labour productivity (measured as turnover per employee, in €000s per employee); CAPIN is the firm's capital intensity (measured as total assets per employee, in €000s per employee); FR is a dummy variable that takes the value 1 if the firm is French and 0 otherwise; SE is a dummy variable that takes the value 1 if the firm is Swedish and 0 otherwise; UK is a dummy variable that takes the value 1 if the firm is British and 0 otherwise; IT is a dummy variable that takes the value 1 if the firm is Italian and 0 otherwise. State the predicted value of labour productivity for a German firm with a capital intensity of € 350 000 (CAPIN=350): (No explanation needed at all...just the answer)

A researcher is investigating the impact of a firm's capital intensity on its labour productivity using data for the year 2014 for a sample of manufacturing firms from Germany, France, Sweden, Italy and the UK. She has estimated the following model: LP = 190 +0.3 x CAPIN - 31.8 x FR + 65.4 x SE + 15.8 x UK - 25.1 x IT where: LP is the firm's labour productivity (measured as turnover per employee, in €000s per employee); CAPIN is the firm's capital intensity (measured as total assets per employee, in €000s per employee); FR is a dummy variable that takes the value 1 if the firm is French and 0 otherwise; SE is a dummy variable that takes the value 1 if the firm is Swedish and 0 otherwise; UK is a dummy variable that takes the value 1 if the firm is British and 0 otherwise; IT is a dummy variable that takes the value 1 if the firm is Italian and 0 otherwise. State the predicted value of labour productivity for a German firm with a capital intensity of € 350 000 (CAPIN=350): (No explanation needed at all...just the answer)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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