Any help is very welcome

- Thread starter Statsquestionjess
- Start date
- Tags country comparison time series analysis time series regression

Any help is very welcome

Then, if that's what you're looking for, go to the WHY end. GDP varies as them IV's vary, GDP varies as income and foreign investment and techniques and births in previous years and education and as many other exogenous variables as you have the desire to incorporate.

Then write the set of simultaneous equations and vary those EV's.

If that's what you want to do, then rank countries by growth = GDP/year; or growth rate = Y2/Y1 or several/many others.

"I want to see if the IV, its like an index number for one country is an appropriate measure for how the growth rates change over time and then compare several countries by doing the same..."

If this is what you want to do, I only know how in the Economics world, where a set of simultaneous equations = a model of the economy holds the answers to some questions.

GDP increases as electricity production increases, for a very developed country, not so much; for a sorta developed country, a lot; for an undeveloped country, close to none.

Like R

By the way, thank you so much for trying to help me! I really appreciate it