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Search results with tag "Economic significance"
Introductory Econometrics - Brandeis University
people.brandeis.eduIII. Economic vs. statistic significance. 1. The statistical significance of a variable xj is determined entirely by the size of tbj, whereas the economic significance or practical significance of a variable is related to the size and sign of bj. 2. With large sample sizes, parameters can be estimated very precisely: standard errors
THE ECONOMIC SIGNIFICANCE OF NATURAL RESOURCES: …
www.oecd.orgThe current paper discusses both the economic importance of natural resources and how, by creating an adequate incentive framework, governments in Eastern Europe, Caucasus and Central Asia (EECCA) can contribute towards maintaining the economic benefits of natural resources use in the long-term.