(a) Run an OLS regression of loggap on 15k. Commen on your resuu. (v) Why night you be worri-d about interpreting the affect of property rights or expropriation risk on CDP per capita causally? Explain. (c) AJR suggested u.ing the morality of European colonial settlers as an instrument for roperty rights protection. Their argument is that European imperial pow- ers set up different institutions in , arious countries depending on whether they decided to settle there (as in the USA, Argentina. or Australia) or whether they decided simply to exploit the natural resources of the colony (as in many African countries) Some colonies had conditions more conducive to the settlement than others and these are measured byrogfor the log of European settler mortality measured mostly in the 18v0-)