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(I'm assuming that log GDP per capita is the common logarithm, with base 10).Service prices have also been rising faster than those in industry.
where y is log GDP per person and the numbers in parentheses are standard errors.
Therefore, we run unit root and stationarity tests including a deterministic trend for log M1, log GDP, log CPI, log balance sheet total, and the number of banks.
For comparability with these studies, I run the same specifications of Table 5 using log GDP per capita instead of the levels.
Estimation results through model construction show a strongly non-linear relationship between the ratios of preventive health expenditure to GDP and log GDP per person.
If we were to accept the coefficient of 1.01 on log GDP per capita in 1900, then initial income levels would only predict a 0.4 log point difference today.
Similar(45)
Our set of regressors is composed of: the log of GDP per capita, GDP growth, unemployment rate, female labor participation rate, divorce rate, log of alcohol sales per capita, share of low income people, total immigration rate, dependency ratio.
Note: Horizontal line is Log (real GDP).
Note: Horizontal line is Log (real GDP in national currency).
We fit a Hodrick-Prescott filter (. = 1600) to log real GDP for the full sample (1947Q1 2007Q4).
A univariate regression of log of GDP on total years of schooling in 2000 finds a coefficient of 0.369 (R-squared: 0.745).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com