27 - Chapter 2, Exercise Solutions, Principles of...

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Chapter 2, Exercise Solutions, Principles of Econometrics, 3e 27 EXERCISE 2.14 (a) 35 40 45 50 55 60 65 -16 -12 -8 -4 0 4 8 12 GROWTH VOTE Figure xr2.14(a) Incumbent share against growth rate of real GDP per capita There appears to be a positive association between VOTE and GROWTH . (b) The estimated equation is n 51.939 0.660 VOTE GROWTH =+ The coefficient 0.660 suggests that for an increase in 1% of the annual growth rate of GDP per capita, there is an associated increase in the share of votes of the incumbent party of
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