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Use the World Bank database (https://data.worldbank.org) to obtain the following: Select a country Select the sample period as the most recent 30 years For the
Use the World Bank database (https://data.worldbank.org) to obtain the following: Select a country Select the sample period as the most recent 30 years For the selected country download the following variables: GDP growth (annual %) Domestic credit to private sector by banks (% of GDP) Military expenditure (% of GDP) Estimate a multiple regression model with GDP growth as the dependent variable and the other two variables as the independent variables using OLS. Calculate White's test Structure of the written report: Introduction Data and Methodology Sample Model Estimation methods Results and Discussion Conclusion References The written report should be typed, double spaced, Times New Roman, Font size 12, word limit 1500. Use the World Bank database (https://data.worldbank.org) to obtain the following: Select a country Select the sample period as the most recent 30 years For the selected country download the following variables: GDP growth (annual %) Domestic credit to private sector by banks (% of GDP) Military expenditure (% of GDP) Estimate a multiple regression model with GDP growth as the dependent variable and the other two variables as the independent variables using OLS. Calculate White's test Structure of the written report: Introduction Data and Methodology Sample Model Estimation methods Results and Discussion Conclusion References The written report should be typed, double spaced, Times New Roman, Font size 12, word limit 1500
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