Consider the following panel data regression with a single explanatory variable
Yit = β0 + β1Xit + uit.
In each of the examples below,you will be adding entity and time fixed effects.Indicate the total number of coefficients that need to be estimated.
(a)The effect of beer taxes on the fatality rate,annual data,1982-1988,nine U.S.regions (New England,Pacific,Mid-Atlantic,East North Central,etc. ).
(b)The effect of the minimum wage on teenage employment,annual data,1963-2000,five Canadian Regions (Atlantic Provinces,Quebec,Ontario,Prairies,British Columbia).
(c)The effect of savings rates on per capita income,data for three decades (1960-1969,1970-1979,1980-1989;one observation per decade),104 countries of the world.
(d)The effect of pitching quality in baseball (as measured by the Team ERA)on the winning percentage,annual data,1998-1999 season,1999-2000 season,30 teams.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q36: The main advantage of using panel data
Q41: In Sports Economics,production functions are often estimated
Q42: Consider the time and entity fixed effect
Q42: A study attempts to investigate the role
Q44: Your textbook modifies the four assumptions for
Q45: Give at least three examples from macroeconomics
Q46: (Requires Matrix Algebra)Consider the time and entity
Q47: Your textbook specifies a simple regression problem
Q48: "Empirical studies of economic growth are flawed
Q48: Your textbook reports the following result from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents