Dear macro fans,
some of you had questions to the empirical part of the problem set. My suggestions are:
1. make sure you have the latest version of the set up
2. please, look at the dataset also in Excel. You will notice it contains Sheet 3, where the description of the variables is provided. There has been some misunderstanding about interpretation of g - the left hand side variable g denotes the growth of economy between 65 and 95 (measured in difference of two logs). sk is investment rate in physical capital, sh is investment rate in human capital.
3. pooled OLS is nothing more than OLS estimated on whole panel sample "forgetting" that it is a panel and that we can follow a country throughout years.
If you have any more questions, please post it here, so everybody can see the question as well as answer.
Best,
Eva