Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

I read a paper using panel data to examine the effect of oil shocks on the dependent variables, the paper also add two another explanatory

I read a paper using panel data to examine the effect of oil shocks on the dependent variables, the paper also add two another explanatory variables such as Real GDP and Real exchange rate as a control variables My question what the advantages of adding the RGDP and RER as a control variables in the panel regression ?! Please explain it in economics and statistics intuitions

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Human Resource Management Contemporary Issues

Authors: Mark N. K. Saunders; Mike Millmore; Philip Lewis; Adrian Thornhill; Trevor Morrow

1st Edition

027368163X, 9780273681632

Students also viewed these Economics questions

Question

★★★★★

Claim: d 0; = 0.10. Sample statistics: d = 10.3, s d = 18.19, n = 33 Test the claim about the mean of the differences for a population of paired data at the level of significance . Assume the...

Answered: 1 week ago

Question

★★★★★

Given the information provided in Fig. 4.124 , determine: a. b. b. V CC . c. R B . Ver 20 , 2.7 k 2 Ry Ver = 7.3 V 2.1 0.68 k2 FIG. 4.124

Answered: 1 week ago

Question

★★★★★

For what values of a and b is the function f (x) = a(b x)2, 0 x b, the probability density function of a continuous random variable X with E(X) = 1?

Answered: 1 week ago

Question

★★★★★

On June 30, 2009, County Company issued 12% bonds with a par value of $800,000 due in 20 years. They were issued at 98 and were callable at 104 at any date after June 30, 2017. Because of lower...

Answered: 1 week ago

Question

★★★★★

Question 16 (3 points) Saved Listen Calculate the rate of return on assets: The company has total sales of $10,000,000 and expenses of 8,717,000. Total assets are $87,900,000. Question 16 options:...

Answered: 1 week ago

Question

★★★★★

A group of doctors operates a joint surgery. They are planning to provide a private clinic where minor surgery can be performed on a day basis (no overnight facilities will be offered). The project...

Answered: 1 week ago

Question

★★★★★

Mr. Dizon would like to determine the average daily allowance of Harvard students What is the: Population VAriable of interest Type of variable (quantitative or qualitative) The Harvard marketing...

Answered: 1 week ago

Question

★★★★★

Scenario #1 A manufacturer advertises that its hand sanitizer kills the "Covid-19 virus on contact." The manufacturer has tested its hand sanitizer for effectiveness against other viruses, but not...

Answered: 1 week ago

Question

★★★★★

The Dallas Morning News reported the findings of a study by the Department of Transportation that examined the effect on average airfares when new, low priced carriers, such as Southwest Airlines or...

Answered: 1 week ago

Question

★★★★★

Alison, Blanca, Jaime, and Cuong are still relatively new employees at Deloitte. At least once a week, they use their workstation computers to watch videos of lectures or how-to guides, play games...

Answered: 1 week ago

Question

★★★★★

Write a description of how you would pre-test your each of your communication materials. What type of market research would you recommend, and why? Would you use quantitative or qualitative...

Answered: 1 week ago

Previous Question Next Question