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Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
Edition 3ISBN: 978-9352863501 Exercise 1
A researcher estimates the effect on crime rates of spending on police by using city-level data. Explain how simultaneous causality might invalidate the results.
Explanation
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Simultaneous causality means that both d...
Introduction to Econometrics 3rd Edition by James Stock, Mark Watson
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