Chapter 2, Exercise Solutions, Principles of Econometrics, 3e27EXERCISE 2.14(a) 35404550556065-16-12-8-404812GROWTHVOTEFigure xr2.14(a) Incumbent share against growth rate of real GDP per capita There appears to be a positive association between VOTEand GROWTH.(b) The estimated equation is n51.9390.660VOTEGROWTH=+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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