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Answer in Economics for Hafsa #282586

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March 18th, 2023

What is the results of empirical testing of the Ricardian model?

The empirical test of the Ricardian model is carried out using a panel data approach on 23 manufacturing industries. It also gives more informative data, more variability, less collinearity, more degrees of freedom and the effect of omitted variable bias is reduced.

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