Empirical Exercise (Due Nov.

20th by 11:59PM)
Consider the data in the file Growth.csv which contains data on average growth rates over 1960-
1995 for 65 countries, along with variables that are potentially related to growth. A complete
description of the data is given in data description which is under the name Growth- Data
Description and can be found on Blackboard.
Using this data, carry out the following empirical exercises:
1. Construct a table that shows the sample mean, std. deviation, minimum and maximum
values for the variables Growth, Trade-Share, YearsSchool, Oil, Rev_Coups,
Assasinations, and RGDP60.
2. Run a regression of Growth on TradeShare, YearsSchool,Rec_Coups, Assasinations and
RGDP60. Show the output of this regression in R (take a screenshot and crop the output
summary in your word file that contains your answers).
3. What is the value on the coefficient on Rev_Coups? Is it statistically significant? Do
interpretation on this coefficient.
4. What is the value of the adjusted R-square? Do these variables explain the majority of
country growth?
5. Use the regression to predict the average annual growth for a country that has average
values for all regressors.
6. Repeat (3) but now assume that the country’s value for TradeShare is one std. deviation
above its mean.

Notes: Please submit through email an individual word file with your answers WELL
ORGANIZED along with your R code (.R file) at the end.