Question: In Section 8.12 we reported estimates from Mankiw, Romer and Weil (1992). We reported estimation both by unrestricted least squares and by constrained estimation, imposing
In Section 8.12 we reported estimates from Mankiw, Romer and Weil (1992). We reported estimation both by unrestricted least squares and by constrained estimation, imposing the constraint that three coefficients (2nd , 3rd and 4th coefficients) sum to zero as implied by the Solow growth theory.
Using the same dataset MRW1992 estimate the unrestricted model and test the hypothesis that the three coefficients sum to zero.
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