Author Question: Let R2unrestricted and R2restricted be 0.4366 and 0.4149 respectively. The difference between the ... (Read 14 times)

mckennatimberlake · **on:** Jun 29, 2018

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.