Nonunionized manufacturing firms | Economics homework help
7 In Example 4.7, we used data on nonunionized manufacturing firms to estimate the relationship between the scrap rate and other firm characteristics. We now look at this ex- ample more closely and use all available firms. (i) The population model estimated in Example 4.7 can be written as log(scrap) 5 b0 1 b1hrsemp 1 b2log(sales) 1b3log(employ) 1 u. Using the 43 observations available for 1987, the estimated equation is log(scrap) […]