Answer Happy

Coefficient
Standard Error
Coefficient
Standard Error
Constant
6.3251
0.4598
3.8201
2.1565
Temperature
-0.0914
0.0100
-0.0171
0.0171
Inverse distance to Coast
4.4768
0.5266
1.6460
0.7154
Log(oil production per capita)
1.2192
0.1985
0.6642
0.2352
Years of education
0.1522
0.0364
Log(population)
0.0909
0.1051
Institutional Quality
0.1227
0.2804
Expropriation Risk
0.2399
0.1064
Trust in Others
-1.0995
0.7480
Log(number of ethnic groups)
-0.1180
0.1378
Observations
107
35
Adjusted R-sq
0.50
0.79
                                                                                           
What do these two regressions tell us about differences in
average GDP? 50 marks]