Assignment 8: Types of Regression
This assignment will use the Barro Growth Data, which is a dataset used in Koenker and Machado (1999) consisting of 161 observations with 13 determinants of cross country GDP growth rates. According to my class number, I will use a subset consisting of 90 observations from years 1985-87. In this assignment, Annual Change Per Capita GDP (y.net) will be the dependent variable and according to my student number, Political Instability (pol2) and Public Consumption/GDP (gcony2) will be my first and second independent variables, respectively.
The results from the OLS and robust regressions are presented in Table 1. In this Continue reading...