Let R2unrestricted and R2restricted be 0.4366 and 0.4149 ...

[mckennatimberlake]

Let R2unrestricted and R2restricted be 0.4366 and 0.4149 respectively. The difference between the unrestricted and the restricted model is that you have imposed two restrictions. There are 420 observations. The F-statistic in this case is

Question 2

Consider a typical beta convergence regression function from macroeconomics, where the growth of a country's per capita income is regressed on the initial level of per capita income and various other economic and socio-economic variables.

[mariahkathleeen]

Answer to Question 1



Answer to Question 2

[mckennatimberlake]

Great answer, keep it coming

[Jsherida]

Thanks for the timely response, appreciate it