Economics Help: Please see attached INVChoose...Choose...FalseTrueEDUC Choose...Choose...FalseTrueRIGHTS Choose...Choose...FalseTrueELEC Choose...Choose...FalseTrueGDPH2005 [Choose...Choose...FalseTrue A researcher investigating the factors related to a country's economic growth between 2005 and 2010estimates the following model for a sample of countries (using cross sectional data):GROWTH = a + b x GDPH2005 + cx INV + d x EDUC+ ex RIGHTS + fx ELECwhere:GROWTH is the country's economic growth (percent change of GDP per person at constant pricesbetween 2005 and 2010);GDPH2005 is the log of the country's level of GDP per person in 2005 (US$ at 2005 prices);INV is the country's share of gross investment in fixed capital (Gross Fixed Capital Formation) as apercentage of GDP in 2005;EDUC is an indicator of the level of education of the population (total enrolment in secondary schools as a %of population aged 15 and over);RIGHTS is an indicator of the strength of legal rights (0=weak to 12-strong);ELEC is the percentage of population who have access to electricity;The results of the estimation are:VariablesGDPH2005INVEDUCRIGHTSELECConstantCoefficients-0.13220.01290.0036-0.00100.00340.6751StandardErrors0.01700.00310.00130.00910.00100.1139t-values-7.76004.19002.8000-0.11003.58005.9300p-values0.00000.00000.00600.91200.00100.0000From the dropdowns select True for the variables that, according to the model's results (using a 5%significance level), are positively associated with economic growth for the countries and the time periodcovered by the data. For those that are not, select False.

For an explanatory variable if the P-Value is lower than the significance level then the variable is…

Answered: INV Choose... Choose... False True EDUC…

INV Choose... Choose... False True EDUC Choose Choose... False True RIGHTS Choose Choose... False True ELEC Choose Choose... False True GDPH2005 [Choose... Choose... False True

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

Economics Help: Please see attached

INV
Choose...
Choose...
False
True
EDUC Choose...
Choose...
False
True
RIGHTS Choose...
Choose...
False
True
ELEC Choose...
Choose...
False
True
GDPH2005 [Choose...
Choose...
False
True

A researcher investigating the factors related to a country's economic growth between 2005 and 2010
estimates the following model for a sample of countries (using cross sectional data):
GROWTH = a + b x GDPH2005 + cx INV + d x EDUC+ ex RIGHTS + fx ELEC
where:
GROWTH is the country's economic growth (percent change of GDP per person at constant prices
between 2005 and 2010);
GDPH2005 is the log of the country's level of GDP per person in 2005 (US$ at 2005 prices);
INV is the country's share of gross investment in fixed capital (Gross Fixed Capital Formation) as a
percentage of GDP in 2005;
EDUC is an indicator of the level of education of the population (total enrolment in secondary schools as a %
of population aged 15 and over);
RIGHTS is an indicator of the strength of legal rights (0=weak to 12-strong);
ELEC is the percentage of population who have access to electricity;
The results of the estimation are:
Variables
GDPH2005
INV
EDUC
RIGHTS
ELEC
Constant
Coefficients
-0.1322
0.0129
0.0036
-0.0010
0.0034
0.6751
Standard
Errors
0.0170
0.0031
0.0013
0.0091
0.0010
0.1139
t-values
-7.7600
4.1900
2.8000
-0.1100
3.5800
5.9300
p-values
0.0000
0.0000
0.0060
0.9120
0.0010
0.0000
From the dropdowns select True for the variables that, according to the model's results (using a 5%
significance level), are positively associated with economic growth for the countries and the time period
covered by the data. For those that are not, select False.

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