You want to find the determinants of suicide rates in Turkey. To investigate the issue, you specified the following model (i refers to region and t refers to year) Y = Bo + B1X, + Year Dummies + u, where Y, is the suicide rate and X, contains only the unemployment rate but no regional dummies. Using OLS, you find no significant relationship between suicide rates and unemployment rate variable. Which of the followings can explain this result? Your answer: O There may be year effects, which are in the error term, that are correlated with unemployment rate. O Lack of interaction variables between year dummies and unemployment rate. O Year dummies are correlated with unemployment rate O There is no causal relationship between suicide rate and unemployment

You want to find the determinants of suicide rates in Turkey. To investigate the issue, you specified the following model (i refers to region and t refers to year) Y = Bo + B1X, + Year Dummies + u, where Y, is the suicide rate and X, contains only the unemployment rate but no regional dummies. Using OLS, you find no significant relationship between suicide rates and unemployment rate variable. Which of the followings can explain this result? Your answer: O There may be year effects, which are in the error term, that are correlated with unemployment rate. O Lack of interaction variables between year dummies and unemployment rate. O Year dummies are correlated with unemployment rate O There is no causal relationship between suicide rate and unemployment

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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4. Suppose you run the following regression log(Earnings) = Bo+B₁Education + B₂ Experience + ß3 Female + U with EU Education, Experience, Female] = 0. How do you interpret ₁ here?
Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: See attached for table. Question 1 Calculate the unemployment rate and the labor force of New Zombie. Show your calculation. (See next page for the formula and directions for this problem). To calculate the unemployment rate you have to use the formula: Unemployment rate = # of unemployed ÷ labor force × 100% The BLS is the Bureau of Labor Statistics, an agency within the Department of Labor. The unemployment rate is calculated by taking a random survey of 60,000 households nationwide. (Note: Households are in the survey for four months, out for eight, back in for four, and then out for good. Interviewers use the phone or home visits using laptops.) The population is divided into three groups: Group 1 consists of those under age 16 or institutionalized.…
7. The Stata data set "college_gpa" has data on students' college GPAS, high school GPAS, ACT scores, lectures skipped during the academic year, and other characteristics. We wish to examine the predictors of college GPAS. You must submit your do-file (commands). a) Regress college GPA on high school GPA and write the estimated regression line. b) Interpret the intercept of your regression in a sentence. Does this coefficient make sense?n Explain c) Interpret the coefficient on high school GPA in a sentence. Does this coefficient make sense? Explain. reg colGPA hsGPA Source df MS Number of obs 141 %3D F(1, 139) 33.80 Model 5.58478164 1 5.58478164 Prob > F e.0000 Residual 22.9668501 139 .165229138 R-squared Adj R-squared 0.1956 %3D 0.1898 %3D Total 28.5516318 140 .203940227 Root MSE .40648 colGPA Coef. Std. Err. t P>|t| [95% Conf. Interval] hsGPA .6242948 .1073816 5.81 0.000 .4119822 .8366073 _cons 890254 3669263 2.43 0.017 647755
Consider the Mortensen-Pissarides model described in the lecture. Now suppose that an unemployed worker at the beginning of each period can choose between searching for a job and working as a selfemployed worker during the period. If an unemployed worker searches for a job, then he or she will receive the unemployment benefit, b, and then will be matched with a job randomly in the same way as assumed in the lecture. If an unemployed worker works as a self-employed worker, then he or she will receive z as the income for the current period, will not be able to search for a job within the same period, and will be an unemployed worker again at the beginning of the next period. Answer the following questions. Note: Except for new variables and parameters, the notations of variables and parameters are the same as in the lecture. 1. Define the Bellman equation for an unemployed worker. Notes: - You only need to define the equation rather than solve it. Use the same notations of variables and…
Assume the unemployment rate is 8.0%. Also, assume that the natural rate of unemployment is 5%. If frictional unemployment is twice that of structural unemployment, then how much is frictional unemployment? Expressed as a whole number: no percentage sign.
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II. Consider the following IS-LM model:? = 200 + 0.25??? = 150 + 0.25? − 1,000?? = 250? = 200(?/?)? = 2? − 8,000??/? = 1,600a. Derive the IS relation. (Hint: You want an equation with ? on the left side and everythingelse on the right.)b. Derive the LM relation. (Hint: It will be convenient for later use to rewrite this equationwith ? on the left side and everything else on the right.)c. Solve for equilibrium real output. (Hint: Substitute the expression for the interest rategiven by the LM equation into the IS equation and solve for output.)d. Solve for the equilibrium interest rate. (Hint: Substitute the value you obtained for ? inpart (c) into either the IS or LM equation and solve for ?.)e. Solve for the equilibrium values of ? and ? and verify the value you obtained for ? byadding ?, ?, and ?.f. Now suppose that the money supply increases to ?/? = 1,840. Solve for ?, ?, ?, and ?,and describe in words the effects of an expansionary monetary policy.g. Set ?/? equal to its initial…
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Only solve E and F
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