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1. First Stage Regression [40 marks. each sub-question carries equal marks] (1a) Perform the following regression: . The input Y-range will he the column containing
1. First Stage Regression [40 marks. each sub-question carries equal marks] (1a) Perform the following regression: . The input Y-range will he the column containing the average protection from expropriation risk from the 'Data' sheet. 1 range will consist of the single column -- settler mortality. Save the output table in a new worksheet and name it 'first_. (1h) What is the sign of the effect oi historic European settler mortality on the average protection from expropriation n measure? Does the estimated sign conform to AJR's argument on the relationship between colonial history and mode institutions? (1c) Is the coefficient on settler mortality statistically significant? What is the importance of statistical signicance for i (viz. what does it mean for a coefficient to have a t-statistic :: 2}
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