Description
Provide a brief interpretation and analysis of the results of the regression you generated below.
If your data is pooled cross-section, panel or longitudinal, you will specify your equation as shown in Eqn.
Economic Growthit = β0 + ϒ+ Єi,t
Its panel data and In this equation i and t indicates countries and time, and Economic growthi,t indicates economic growth in country i in year t. And (N denotes the total number of countries); t=1,…… T ( T denotes the total number of years) All other potential covariables (explanatory variables or independent variables) are included in the vector Xi,t. The vector of fundamental determinants of economic growth, Xi,t, includes Economic Growth, Investment, Government Expenditure, Trade, Inflation, FDI, Population and Natural Resources. ϒ are the parameters to be estimated.
Table 3: determinants of Economic Growth
| (1) | (2) | |
| VARIABLES | Economic_growth | Economic_growth |
| Investment | 0.0768** | 0.0807*** |
| (0.0307) | (0.0306) | |
| Govt_Expenditure | -0.142** | -0.132** |
| (0.0615) | (0.0609) | |
| Trade | 0.0134* | |
| (0.00780) | ||
| Inflation | 0.00391 | 0.00462 |
| (0.0147) | (0.0147) | |
| FDI | 0.103*** | 0.115*** |
| (0.0388) | (0.0381) | |
| Natural_Resources | 0.132*** | 0.134*** |
| (0.0216) | (0.0213) | |
| Constant | 1.393 | 2.190 |
| (1.474) | (1.396) | |
| Observations | 647 | 647 |
| Number of Country_ID | 43 | 43 |
Standard errors in parentheses
*** p<0.01, ** p<0.05, * p<0.1
write about 1 page
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*See below for sample interpretation and analysis*
I will recommend you watch the videos in the links below before you start your interpretation and analysis
Introduction to Simple Linear Regression
https://www.youtube.com/watch?v=owI7zxCqNY0
Understanding Regression Analysis
Explanation & Answer
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Running Head: REGRESSION COEFFICIENTS AND INTERPRETATION
REGRESSION COEFFICIENTS AND INTERPRETATIONS
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REGRESSION COEFFICIENTS AND THEIR INTERPRETATION
Introduction
A regression equation for a panel data in which researchers sought to investigate the
determinants economic growth in 43 countries, two multiple linear equation regressions were
performed. The first multiple linear regression (1) comprised of investment, government
expenditure, trade, FDI and Natural Resources as Independent Variables and inflation as a
control variable. The second regression model omitted tr...
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Europe(Continental)