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This specification includes only one regressor. Discuss what other variables you would add to the specification. 2. Discuss in detail the potential issue of simultaneous
This specification includes only one regressor. Discuss what other variables you would add to the specification. 2. Discuss in detail the potential issue of simultaneous causality bias in the specification above and the consequences for the OLS estimator. 3. An economist suggests using the number of lawyers per capita as an instrument. Is the instrument relevant
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
3rd edition
2901133951482, 1133951481, 978-1133951483
