Using the data in KIELMC.RAW, the following equations were estimated using the years 1978 and 1981: 11eb9ee2_f150_6f64_8edd_8b3ae342bba3_SM2712_00 and 11eb9ee2_f150_6f65_8edd_d9f19027f9e9_SM2712_00 Compare the estimates on the interaction term y81-nearinc with those from equation. Why are the estimates so different 11eb9ee2_f150_9676_8edd_a17859311937_SM2712_00

Introductory Econometrics 4th Edition by Jeffrey Wooldridge

Edition 4ISBN: 978-0324660609

Edition 4ISBN: 978-0324660609

Exercise 20

Using the data in KIELMC.RAW, the following equations were estimated using the years 1978 and 1981:

and

Compare the estimates on the interaction term y81-nearinc with those from equation. Why are the estimates so different

Explanation

Verified

The equations that were estimated using ...