OLS Examples OLS Regression • Problem

Problem 3:Population and Economic Growth• Malthus had checks on population growth– Contraceptives– Abortion– Self-restraint–Wars• Malthus wrote right at the time of theIndustrial and Green Revolutions, so hecould not see their implicationsPage 65Problem 3:Population and Economic Growth• Data from the World DevelopmentIndicators, World Bank (2004)– Calculated average annual growth for GDP andpopulation140⎛ Value in 2003 ⎞igi =⎜−1,i = 1, ...,107 countriesValue in 1963⎟⎝i ⎠Page 6633