Dependent Variable: Log(GDP); Method: Least Squares Sample: 1980-2019 Variable Coefficient 9.5117 0.0206 0.6467 Std. Err

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Dependent Variable Log Gdp Method Least Squares Sample 1980 2019 Variable Coefficient 9 5117 0 0206 0 6467 Std Err 1 (128.66 KiB) Viewed 11 times

Dependent Variable: Log(GDP); Method: Least Squares Sample: 1980-2019 Variable Coefficient 9.5117 0.0206 0.6467 Std. Error 1.0232 0.0791 0.0178 C Log(L) Log(K) Sum of squared residuals 0.0499 Note: L indicates labour force and K indicates capital investment Requirements: i) Explain about output elasticities with respect to labor and capital. ii) Test the null hypothesis Ho: P₁=0 (i = 1, 2) against a suitable alternative hypothesis and make comments from your results. iii) Find R², Adjusted-R² and then compare. iv) What do you think about the production function based on the output of Bangladesh? v) Write the estimated equation. [Marks: 3 X 2.5-7.5]