Economics 2122A/B Lecture Notes - Panel Data, Random Effects Model, Annual Percentage Rate

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14. 1 download the oecd2000 data set from the website. This is the country identification, with 1=australia, 2=austria, 3=belgium, 4=canada, Four countries that have recently joined the oecd, the czech republic, hungary, poland, and slovakia, are excluded because their data do not go back far enough. For example, id09 is the dummy variable for greece. Average annual percentage rate of growth of employment for country i during time period t. Average annual percentage rate of growth of gdp for country i during time period t. There are three time periods, denoted 1, 2, and 3. Time2 dummy variable defined to be equal to 1 when time=2, 0 otherwise. Time3 dummy variable defined to be equal to 1 when time=3, 0 otherwise. Perform a pooled ols regression of e on g. regress e on g, time2, and time3. Perform appropriate statistical tests and give an interpretation of the regression results. Model | 12. 4981266 3 4. 16604221 prob > f = 0. 0004.