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st: Interpreting Regression estimate
From
Gabriel Nicolás Michelena <[email protected]>
To
[email protected]
Subject
st: Interpreting Regression estimate
Date
Mon, 23 May 2011 17:39:25 -0300 (ART)
Hi statalisters,
I have a Panel Data model where the dependent variable is the growth
rate of industrial Output (dln Y), whereas the dependent variable is the
real exchange rate in logs(ln RER). What I try to analyze is whether a
depreciated exchange rate has a positive or negative effect on
industrial output growth.
My specific question is about how to correctly interpret the estimated
effect, given that the dependent variable is on log differences, while
the independent is in logs. In this case, an increase in the RER imply a currency aprecciation (Foreign
currency/Local Currency).
The beta coeficients associated to the Ln RER is = -0.486
I´ll apreciate any comment.
Greetings
--
Lic. Gabriel Michelena
Centro de Economía Internacional
Ministerio de Relaciones Exteriores, Comercio Internacional y Culto
Esmeralda 1212 - 2° Piso - Oficina 201
Ciudad Autónoma de Buenos Aires. ( C100 7ABR ) Argentina
Tel: (+5411) 4819-7000. Interno 7485
Fax: (+5411) 4819-7484
URL: http://www.cei.gob.ar/
E-mail: [email protected]
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