Pennslyvariia

Explain how you would interpret the estimated coefficients on In Li and In Ki, without making any assumptions on the structural relationship.

Homework (Mathematical Econometrics) 1. [32 points] You observe an iid sample of data (Yi, Li, Ki) across a set of manufacturing firms i. Here Yi denotes the output (e.g. total sales) of the firm in some period, Li measures the labor input (e.g. total wage bill) of the firm in this period, and Ki measures […]

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