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Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609Introductory Econometrics 4th Edition by Jeffrey Wooldridge
Edition 4ISBN: 978-0324660609 Exercise 13
Use CRIME4.RAW for this exercise.
(i) Add the logs of each wage variable in the data set and estimate the model by first differencing. How does including these variables affect the coefficients on the criminal justice variables in Example 13.9
(ii) Do the wage variables in (i) all have the expected sign Are they jointly significant Explain.
(i) Add the logs of each wage variable in the data set and estimate the model by first differencing. How does including these variables affect the coefficients on the criminal justice variables in Example 13.9
(ii) Do the wage variables in (i) all have the expected sign Are they jointly significant Explain.
Explanation
Verified
Verified
(i)
There are nine wage variables 
On ta...
Introductory Econometrics 4th Edition by Jeffrey Wooldridge
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