kindly answer this as soon as possibe. In order to increase the OUTPUT, The President of Mexican economy announced many incentives to the workers of this country including, increase in minimum wages in 1991. To know the impact of this government policy, on the OUTPUT of the Mexican economy, apply the CHOW test, and interpret your empirical results Year Output 28 Capital 38 Labour 1981 637

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kindly answer this as soon as possibe.
In order to increase the OUTPUT, The President of Mexican economy announced
many incentives to the workers of this country including, increase in minimum
wages in 1991. To know the impact of this government policy, on the OUTPUT of
the Mexican economy, apply the CHOW test, and interpret your empirical results
Year
Output
Capital
Labour
1981
28
38
637
1982
37.5
64.2
643.3
1983
40.4
68.8
651
1984
46.2
75.5
685.7
1985
51.1
84.4
710.7
1986
53.9
91.8
724.3
1987
56.8
99.9
735.2
1988
65.4
109.1
760.3
120.7
132
1989
74.9
777.6
1990
80.9
780.8
1991
90.8
146.6
825.8
1992
101.9
162.7
864.1
1993
114.4
180.6
894.2
1994
101.8
197.1
891.2
1995
107.6
209.6
887.5
1996
117.6
221.9
892.5
1997
123.2
232.5
930.1
1998
130.9
243.5
970.1
Transcribed Image Text:kindly answer this as soon as possibe. In order to increase the OUTPUT, The President of Mexican economy announced many incentives to the workers of this country including, increase in minimum wages in 1991. To know the impact of this government policy, on the OUTPUT of the Mexican economy, apply the CHOW test, and interpret your empirical results Year Output Capital Labour 1981 28 38 637 1982 37.5 64.2 643.3 1983 40.4 68.8 651 1984 46.2 75.5 685.7 1985 51.1 84.4 710.7 1986 53.9 91.8 724.3 1987 56.8 99.9 735.2 1988 65.4 109.1 760.3 120.7 132 1989 74.9 777.6 1990 80.9 780.8 1991 90.8 146.6 825.8 1992 101.9 162.7 864.1 1993 114.4 180.6 894.2 1994 101.8 197.1 891.2 1995 107.6 209.6 887.5 1996 117.6 221.9 892.5 1997 123.2 232.5 930.1 1998 130.9 243.5 970.1
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