PS0102 _2_ - EC220 NOTE: Problem Sets 1 and 2, Michaelmas...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
EC220 Problem Sets 1 and 2, Michaelmas Term 2009 2009/2010 NOTE: The problem sets for weeks 3 – 10 and week 1 of the Lent term will be distributed in the first class. A written answer to Problem Set 1 is due for the first class For the class in the week beginning October 19 PROBLEM SET 1 Note: At the beginning of this class, the class teacher should assign an education/earnings data set to each member of the class. (1) * Exercise 1.1 in the text The table below shows the average rates of growth of employment, e , and real GDP, g , for 25 OECD countries for the period 1988–1997. The regression output shows the result of regressing e on g . Provide an interpretation of the coefficients. Average annual percentage rates of growth of employment and real GDP, 1988–97 employment GDP employment GDP Australia 1.68 3.04 Korea 2.57 7.73 Austria 0.65 2.55 Luxembourg 3.02 5.64 Belgium 0.34 2.16 Netherlands 1.88 2.86 Canada 1.17 2.03 New Zealand 0.91 2.01 Denmark 0.02 2.02 Norway 0.36 2.98 Finland –1.06 1.78 Portugal 0.33 2.79 France 0.28 2.08 Spain 0.89 2.60 Germany 0.08 2.71 Sweden –0.94 1.17 Greece 0.87 2.08 Switzerland 0.79 1.15 Iceland –0.13 1.54 Turkey 2.02 4.18 Ireland 2.16 6.40 United Kingdom 0.66 1.97 Italy –0.30 1.68 United States 1.53 2.46 Japan 1.06 2.81 . reg e g Source | SS df MS Number of obs = 25 -------------+------------------------------ F( 1, 23) = 33.10 Model | 14.5753023 1 14.5753023 Prob > F = 0.0000 Residual | 10.1266731 23 .440290135 R-squared
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/26/2010 for the course ECON 301 taught by Professor Öcal during the Spring '10 term at Middle East Technical University.

Page1 / 3

PS0102 _2_ - EC220 NOTE: Problem Sets 1 and 2, Michaelmas...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online