In this​ exercise, you will investigate the relationship between growth and trade.
The following table contains data on average growth rates from 1960 through 1995 for 20 countries along with variables that are potentially related to growth. Download the data from the table by clicking the download table icon
.
A detailed description of the variables used in the data set is available here
LOADING...
. Use a statistical package of your choice to answer the following questions.
Part 2
Run a regression of Growth on
TradeShare.
Part 3
Test the null hypothesis
H0: β1=0
versus a​ two-sided alternative hypothesis
H1: β1≠0.
Compute the
t​-statistic
and
p​-value.
Part 4
The
t​-statistic
is
enter your response here.
​(Round
your response to three decimal
places​)
Table
Growth and Tradeshare
TradeShare Growth
0.140501976 1.9154989277
0.1566229761 0.6271280849
0.1577032208 4.3140240256
0.1604050845 2.9397256263
0.1608150452 1.7147368954
0.2214583904 0.7131100992
0.2994059324 2.8852827479
0.3130728602 2.2333833032
0.3246127069 0.0639439588
0.3247455657 -0.6512160696
0.3294792473 1.9828483665
0.3300216794 2.9338774911
0.3378790021 3.228826045
0.3397062421 2.4361618514
0.3523176312 -2.8053114847
0.3588567078 1.033151609
0.3932509124 1.978492803
0.4176039398 2.7005840325
0.4258372486 -2.7430849568
0.4355793297 0.3573848058
0.4421429038 2.4633021447
0.4443746209 2.3950174739
0.4505466521 1.9669104767
0.4557693005 1.1275717987
0.468346566 1.1637876397
0.4732548892 2.805155339
0.4846007824 -0.8750327631
0.4889495969 7.1610026295
0.5095902681 0.9375156304
0.5176645517 0.6003427576
0.5277733207 -0.6067311047
0.5346846581 1.4536333775
0.5433371067 4.8841201561
0.5442435145 1.8886352411
0.550812602 -0.4296200705
0.5527223349 1.1242624285
0.5606425405 2.3979469947
0.56074965 2.1853681649
0.5671309829 1.426691344
0.5752748251 2.8933461902
0.5828142762 0.847952508
0.6030353308 2.3887405434
0.6050312519 1.6208735752
0.6136168838 3.6546777801
0.6260797381 0.4654793198
0.6394841671 3.0193079446
0.6469135284 2.8167713527
0.6512036324 0.3973711196
0.6815551519 3.1844796867
0.6994329095 -0.3363932133
0.7048199177 2.5009230449
0.7292323112 -0.9593522434
0.7429715991 2.7110724268
0.7454978228 6.6282984017
0.7798470855 2.0277125395
0.798375845 1.1294291033
0.814710021 1.9629701553
0.8229563832 3.2612229518
0.8302383423 0.4181111745
0.8342041969 2.2027522591
0.9793553948 5.3941833605