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Quis co bus chin PRE wlochon Cop quem re Ye Pe + bre + - 4 pe %+U ca: ve fet Fitives forty +4 Gos) = ap = Ww Ae Es fe favers fas 1 Pe cab ky; ie oy WY chs: Y= Ke + V WA bxcte te.) hye eh x U re pe) a 4 Xan ae Xan u ELE] at | wa lat HS uy man wee ahs y Bevo Bou stk jbo de y= if ou u =(44 ) cad 2. w= fhe +t eer “sn Qs, Am Boba By seo ce SY ann — . oe ; regress doanhthu chiphich chiphige tee aa | sora aa aoa ene .9605—" 590748 a doanhthu Std. Er: "4 chiphich 4691455 one theef t fr & oe sab) a (+i) * 08 dad (Anbianednass) 6; We Ww B dds ole bj niu “@)) = bj 4, Wh ss au ( — ot. bad cho Kh 2 hed Ng wig G5: Vor (U\,...%,) = et = Gut Gb th WHR + dor ber cho dik Rdiah cur UL OLS ak bi Phutng sai thay do =UL oS cP had Me | Squanes) ~N és dw. bi n& nul ~» Ub OS & ving /chidh => duizg ASLS (wo S — Nea a wore (wet MA, fb qu) Umi bi, we ouah Cindsk Keke wag Act Ad aad) 5 dig en( Gaara chee oj Nenu) Ehaeng’: Hitn NSE NEO seus ve Lie pyfe ase? y Ne oud Legg PRE: Ye b,* Gus op Pte +0 Nee BS quan vin sai 8 U G30 Ja nd 1% La BBL ngoat outh Exeqensus variable ) Ne % AF guanvh cat 8 U, dans xj la PBL n& aah Condo qpnerus varabl) sk yu Phat 7 J , a ag Mr oily ey open ti \tugoot Aa cht (shielty extrpneun) Cle 4) = ° Xow dak °/ Nguyen than af n&roig af Ngwyxir Nan 4: Do bd sok bign (omited Variables) aps bq (940) y su MM . Ys mt bee =! + + oe for Faure fetes Rg °° Hsu rou) “Y= bor Pata “+t fr + y* (bs sd-q) Né 4 & AG quan Ve G G=i 4 1% se bi nd cial NBa 4 C2 HE quan vo me vi bb Ba p di di ob | Holes bi bids sadh (con bal vores) _ bah Waesect eung a BAL beng wShul b/ Vs Quan \b alig AB ques PPL Va buh pari stimu ihy (@ (- <4 XK = ot, +48. ot AUN, 6 Né& AR aha Met Ube = + X= thay LAE Keb die US pty Vi npoad YW GQ) «y Ma NY of £ ches VV Naw these oH of bd C/ Dp sais kom Na do Ming (ena ns ° igh rhe Lael ont givens) sais ic cars eet te sam ( (syptemabc ond) an as Bo A o> ol frog nt fad NA us Riadehing Y= for f. x SCA wp Nhudng 2 1E Be do ching xd > a> gan Abag vag wes wo = Pot Rlt-O 44 Eee Sas Ne sti ding Ja: tev + fer fe vé VE Ube Cw odin ua rot que ay i nds aud u e , abl +U Nee weame «faa acti educakon = abilihy + Ease to YF pri dus Thcme = R + b. £4 edualio) + v (oes ‘b ae i WD Ai) iN dng in — yo wit iC Ni io s BY hide & bk Ue Mes etl ay ok ab Nee Weft, +€ Paste quon ile Uy va (Sa Ww inate “ Mes ha Mt Ye ir aud 8/Hedy qua cud. Nb inh Ka mt dang ina ban Y= XG +U SRF Y= xe + Daagets: “B = (XA * XN Tans Y= xXp+0 NG thaw yaa Pe tache B= (XA) X'(Xb-v) ~ x) AAG + (W'*XTY Zug 4% = b+ OX x? KY i MP hes E> (be oust) > p « een)? F 0.0000 R-squared 0.4748 Adj R-squared 0.4727 Root MSE 1.0469 ¢ Jj Coef. Std. Err. tb P>itl [95% Conf. Interval] zl 8923811 | .0463889 © 19.24 0.000 .8012386 9835236 22 4262127 | .0463329 9.20 0.000 -3351801 5172453 _cons 0482203 | .0468621 1.03 0.304 -.043852 © .1402925 Instrumental variables (2SLS) regression Number of obs 500 Wald chi2(1) 507.02 Prob > chi2 0.0000 R-squared 0.8007 Root MSE 99441 coef.” std. Err. Zz P>lzl [95% Conf. Interval] 1.00899 0448098 22.52 0.000% .9211641, 1.096815 _cond 3.031127 .0444903 © 68.13 0.000 2.943927 3.118326 -—— Instrumented: x 4 Instruments: zl 22 aS b/ ax rw Xi Ae bién BL r& pints 4 2D sti tig Au «5 bin og oy 25, > ai (oe ba ekg 4), saocho+ 15 + Nas boo | bi Nn rad co & Sat 2 bith Q cus cho “no (47k G8 hid & oy 58 bist bi nin ju) in ceaigetite,. > jwi-idantifed eS a ell) Shs unidenh 1 ‘ nea worl) Oded He guy cae bon bi nsvoind Lay Nay ther fi cB ith cling ay Va tak oS bin Ase Lap ngso! pil. f 1 = Oka wait Zt OWA +O Wet & Ga) eee we . j eke Ian Bou Coe. bin BL ngratal toh © eso 7 cw bie 2 : HS Guy y Yher 26,5 1B Wy Wary We tha abe UL. Vung cwis bt. Vt, 8 y- -y Bg Fren chata mae as Yuu as Ke = Zita aP) Laat biG LiWayy. aay “We eth a eed BaL neva ul 7 iat 9 Dl ba os Oly WiBrlse. KTL AC \ Laima to Cay 1a > Od: Thao drt can dh (Thor Hdin 3 Ubon, Tite 4 BE MH Hs © ee Bob idle -uiget crabrp tur, Pid cing 7 Pt be Holly © 2 = Ain qd 6 ci Dor chon oun iy Thoin apo Bicds hee +05 Bimucr ke Bri ting nc: Mau Hote Sh pee DR le bony Me Wn HEX. An has (dLeol Ridge) Phin wn» Seder /2.| Python vines /Erce|/, o) Economainics = Economig + Movicc 2 Wa md alc Bite hh La Te ‘ Bie thunfiah tes lavas Ye Hg Shut Ben <2 SLL a iy Guin ict kin ih coc bagi eg Fonte Hon ECU VE Do iy UL cae Wag leh? digg Ke guy Hous Fey lente Ove Abs bia BE Aba, pf tude Han List te ays Cuno bo tte fast Ue lay att Gwinn Ci BO, plu. Husgy Y “ St Ror ms ty) #4 5 U \ oie” Rain gs Su. 96, do s-do lutho iy by Gh Hey gly cla A vio mdbinh ~ es Tt? ya Hom Kir guy < wet y= Sagi Be) U NAL & OE hain WB py teat Arn YOu ten Bas quytugndind: ¢ Bot Bits - Bey tH Po ded obit GTM, ad, yeh 2, ~ 2,2... =O ‘Trsercopt py bos te) Pe ‘Pest gie Go i ag ag ih Slope Cai kei x Hoy HS Adu tere dle, Coe Gf 1° hig, 2 a, +) -) Hock : geri Lin Cub ythur % S (a, © tia atin, B (U faq) Xp --gte) = O Yo © tiihg Quon uh bi ie ep B) Ube bling rs IES guy bang pp OLS 2) + Ton, 4 (PRE): Hay TO ) Min (SRE) - Ty UE Hep peve BB ye biaguam tayo ri GE ts Gein SF lihropon der hid, qBhaat 1 00 Ge lpoah veliip VN , oo) Te dt liduwey 2 ben IB pyrite > 2 os qu ty A SA IN ell GIG; Saisou CO gpduirn ee Phiryihip OLS Ordinary leact squors ) PRE : Y= Rot by2q 4 00. 4 bytig tu Thy a. wah > (hy dry» SRE “ye By t Pitt Pe te + « . > Pra ckd + Sriche Huw ghie ul saat HW ) v =F (ug ) “Cl dizy IR whe laby ou Yet PRE : yi fe Bi, ee Be ty SE: YF a + Be Loe Ry FO “Tren pp OLS , tinh BD Pay Dysdy Bet hin al lidky cho Po, Pr) -- by Sten: dhiy Stata Fase tay wbinh

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