At the beginning of Case 5, what happens when geographical variables are added to cross-country growth regressions, according to the reading?

Question

Answer

Adjusted R-squared typically falls from 0.8–0.9 to 0.5–0.6.

Answer

Adjusted R-squared rises to roughly 0.8–0.9 from an R-squared around 0.5–0.6 in regressions without geography, while many other determinants remain significant.

Answer

Geographical variables explain exactly 100% of growth differences.

Answer

All conventional growth determinants become statistically insignificant.

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At the beginning of Case 5, what happens when geographical variables are added t...

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