In this exercise, you will investigate the relationship between growth and trade. The following table contains data on average growth rates from 1960 through 1995 for 20 countries along with variables that are potentially related to growth. Download the data from the table by clicking the download table icon A detailed description of the variables used in the data set is available here ). Use a statistical package of your choice to answer the following questions. Run a regression of Growth on TradeShare. Test the null hypothesis H₁: ß₁ = 0 versus a two-sided alternative hypothesis H₁ : ß₁ #0. Compute the t-statistic and p-value. The t-statistic is (Round your response to three decimal places)
these are the data:
Growth and Tradeshare,
TradeShare,Growth
0.140501976,1.9158779277
0.1566229761,0.6184370849
0.1577032208,4.3133200256
0.1604050845,2.9385946263
0.1608150452,1.7161498954
0.2214583904,0.7158650992
0.2994059324,2.8805337479
0.3130728602,2.2351883032
0.3246127069,0.0668699588
0.3247455657,-0.6497540696
0.3294792473,1.9779753665
0.3300216794,2.9360594911
0.3378790021,3.225933045
0.3397062421,2.4390338514
0.3523176312,-2.8116744847
0.3588567078,1.025824609
0.3932509124,1.974261803
0.4176039398,2.7019920325
0.4258372486,-2.7417959568
0.4355793297,0.3603678058
0.4421429038,2.4622261447
0.4443746209,2.3867424739
0.4505466521,1.9684604767
0.4557693005,1.1244627987
0.468346566,1.1682236397
0.4732548892,2.807759339
0.4846007824,-0.8739217631
0.4889495969,7.1593266295
0.5095902681,0.9340776304
0.5176645517,0.6027407576
0.5277733207,-0.6011871047
0.5346846581,1.4507333775
0.5433371067,4.8834131561
0.5442435145,1.8958352411
0.550812602,-0.4369280705
0.5527223349,1.1255624285
0.5606425405,2.3929739947
0.56074965,2.1860031649
0.5671309829,1.429708344
0.5752748251,2.8937361902
0.5828142762,0.840576508
0.6030353308,2.3903245434
0.6050312519,1.6160235752
0.6136168838,3.6569237801
0.6260797381,0.4718043198
0.6394841671,3.0170799446
0.6469135284,2.8144093527
0.6512036324,0.3970681196
0.6815551519,3.1891546867
0.6994329095,-0.3313162133
0.7048199177,2.5029170449
0.7292323112,-0.9548772434
0.7429715991,2.7071564268
0.7454978228,6.6255594017
0.7798470855,2.0338265395
0.798375845,1.1277961033
0.814710021,1.9630101553
0.8229563832,3.2626979518
0.8302383423,0.4212661745
0.8342041969,2.2104312591
0.9793553948,5.3901823605
1.1053642035,4.1193699148
1.1159169674,2.6554955242
1.1279369593,3.0339747897
Step by step
Solved in 2 steps
