The Cobbdouglas Production Of The Mexican Economy

Refer to the data given in exercise 14.9. These data refer to the Mexican economy for years 1955-1974. We will see if the NLRM given in (14.1.4) fits the data, noting that Y = output, X2 = labor input, and X3 = capital input. Using Eviews 4, we obtained the following regression results, after 32 iterations.

Variable

Coefficient

Std. error

t value

p value

Intercept

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