To Study the Determinants of Growth Between the Countries of the World

question 40

Essay

To study the determinants of growth between the countries of the world, researchers have
used panels of countries and observations spanning over long periods of time (e.g.1965-
1975, 1975-1985, 1985-1990).Some of these studies have focused on the effect that
inflation has on growth and found that although the effect is small for a given time
period, it accumulates over time and therefore has an important negative effect.
(a)Explain why the OLS estimator may be biased in this case.

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Definitions:

Social Security Number

A nine-digit number assigned to U.S. citizens and permanent residents, used for tracking individuals for social security and other purposes.

Logical Ports

Virtual communication endpoints used by computer networks to differentiate traffic intended for different services or applications.

Distributed Denial-of-Service Attacks

Malicious attempts to disrupt the normal traffic of a targeted server, service, or network by overwhelming it with a flood of Internet traffic.

Botnet

A network of computers infected by malware that are controlled as a group without the owners' knowledge, usually to send spam or launch attacks.