Question
10a.Imagine estimating the following single equation model of country corruption: C = + GDP + Education + Press Freedom + Regulation + Imports/GDP + What
10a.Imagine estimating the following single equation model of country corruption:
C = + GDP + Education + Press Freedom + Regulation + Imports/GDP +
What signs would you expect to get for:
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10b. What estimation problems might you need to worry about in interpreting each of these coefficients?That is which coefficients might be subject to estimation bias and what is the nature of the likely bias?
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