A researcher plans to study the causal effect of a strong legal system on economy, using data from a random sample of U.S. count
1 answer:
Answer:
Based on expert opinion the regression does not suffer from omitted variable bias
Step-by-step explanation:
<em>Based on expert opinion the regression does not suffer from omitted variable bias </em>because its indicators taking values of 1 and 0 where 1 would represent taking action by the legal system and 0 would represent not taking action by the legal system. as
The researcher plans to regress national income per capita based on the effect of the legal system
applying the formula for addressing omitted variable bias ( attached below )
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