3. Estimate the following model and interpret the results =++++

4. You are concerned with omitted variable bias and believe that a countrys real GDP in 1960 affects growth and may be correlated with education. As a result, estimate the following model and interpret the results =++++60+

5. Explain the difference in your results for parts 3 and 4 using the omitted variable bias formula.

3. Estimate the following model and interpret the results growth; = Bo + Byearsschool; + B2tradeshare; +Bzrevcoups; + Ei 4. You are concerned with omitted variable bias and believe that a country's real GDP in 1960 affects growth and may be correlated with education. As a result, estimate the following model and interpret the results growth; = Bo + Byearsschool; + B2tradeshare; + Bzrevcoups; + Bergdp60; + Ei 5. Explain the difference in your results for parts 3 and 4 using the omitted variable bias formula. 3. Estimate the following model and interpret the results growth; = Bo + Byearsschool; + B2tradeshare; +Bzrevcoups; + Ei 4. You are concerned with omitted variable bias and believe that a country's real GDP in 1960 affects growth and may be correlated with education. As a result, estimate the following model and interpret the results growth; = Bo + Byearsschool; + B2tradeshare; + Bzrevcoups; + Bergdp60; + Ei 5. Explain the difference in your results for parts 3 and 4 using the omitted variable bias formula