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A univariate regression of log of GDP on total years of schooling in 2000 finds a coefficient of 0.369 (R-squared: 0.745).
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.
Using this variable, the difference in log of GDP per capita between the U.S. and Argentina is 1.2, which means that American incomes were 230% higher than those in Argentina in 2000.
This, however, allows us to add time varying country specific variables such the natural log of GDP per capita in both the source and destination country that is LN_GDP_X and LN_GDP_M respectively.
where ( {y}_{it} ) was the dependent variable (natural log of health expenditure per capita), x it was natural log of GDP per capita and a number of control variables, namely, demographic structure (female population, urban population and elderly population as a percentage of total population) health condition (life expectancy at birth).
To control for potentially confounding background factors, we re-estimate the earlier regressions, adding controls for maternal education and the log of GDP per capita.
Similar(52)
Macro variables include log change of GDP, government spending, inflation, and the short-term interest rate.
Table 1 Descriptive Statistics Variable Mean SD Observations Total death tolls per thousand people in floods 0.004 0.082 13,698 Total affected per thousand people in floods 3.948 35.690 13,698 GDP per capita growth (annual %) 2.051 6.329 7,658 Log of real GDP per capita 8.281 1.278 8,647.
The present study uses, Johansen (1988 , 1991 and Johansen and Juselius (1990) bivariate cointegration tests to examine the long-run relationship between natural log of real GDP and natural log of share of services.
In log of real GDP per capita of Bangladesh, an indicator of development of origin country shows significant but negative effect confirming the theory that low development of country pushes workers to migrate.
Figure 1 plots the log of real GDP per capita with DES: a dot indicates a developed economy and a plus sign indicates a developing economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com