Question

In this​ exercise, you will investigate the relationship between growth and trade. The following table contains data on average growth rates from 1960 through 1995 for 20 countries along with variables that are potentially related to growth. Download the data from the table by clicking the download table (icon) A detailed description of the variables used in the data set is available here Use a statistical package of your choice to answer the following questions. Run a regression of Growth on TradeShare. Test the null hypothesis H0: β1=0 versus a​ two-sided alternative hypothesis H1: β1≠0. Compute the t​-statistic and p​-value.

The t​-statistic is ______

The P-value is ______

Growth and Tradeshare
TradeShare	Growth
0.140501976	1.919793928
0.156622976	0.623148085
0.157703221	4.314143026
0.160405085	2.933687626
0.160815045	1.719106895
0.22145839	0.712664099
0.299405932	2.881528748
0.31307286	2.233843303
0.324612707	0.062417959
0.324745566	-0.65690007
0.329479247	1.976647367
0.330021679	2.941643491
0.337879002	3.228612045
0.339706242	2.437080851
0.352317631	-2.807305485
0.358856708	1.028021609
0.393250912	1.978231803
0.41760394	2.705700033
0.425837249	-2.747544957
0.43557933	0.361157806
0.442142904	2.461462145
0.444374621	2.389435474
0.450546652	1.964281477
0.455769301	1.127964799
0.468346566	1.15945064
0.473254889	2.799286339
0.484600782	-0.874989763
0.488949597	7.16535263
0.509590268	0.93311563
0.517664552	0.605386758
0.527773321	-0.607349105
0.534684658	1.455169378
0.543337107	4.883359156
0.544243515	1.896314241
0.550812602	-0.434996071
0.552722335	1.123864429
0.560642541	2.389975995
0.56074965	2.187123165
0.567130983	1.422135344
0.575274825	2.88970119
0.582814276	0.838475508
0.603035331	2.385760543
0.605031252	1.623378575
0.613616884	3.65261978
0.626079738	0.47131332
0.639484167	3.013142945
0.646913528	2.817210353
0.651203632	0.39235212
0.681555152	3.191976687
0.69943291	-0.330569213
0.704819918	2.508398045
0.729232311	-0.960690243
0.742971599	2.709445427
0.745497823	6.629690402
0.779847086	2.03355754
0.798375845	1.124109103
0.814710021	1.969227155
0.822956383	3.262194952
0.830238342	0.418686175
0.834204197	2.205353259
0.979355395	5.389065361
1.105364204	4.121176915
1.115916967	2.659177524
1.127936959	3.02872879

(show me how to do it please)

Answer 1

Well, we are not allowed to use any other software to answer but I can help you how you can proceed with it. Consider we are doing it in STATA.  First load the data into the STATA, make sure you have named the columns Tradeshare and Growth. Now run the command "reg Growth Tradeshare", this will give you the necessary information you need. Also, make sure that since STATA is case sensitive so the name of the variables should be exactly the same in the command. I hope you get the results. Goodluck.