I’m working on a statistics question and need an explanation to help me study.
The role of temperature in economic development has been an important question. It is often documented that hot countries (or countries closer to the equator) tend to be poor. In recent decades, with warming at a global scale, scientists and policymakers are increasingly concerned about the economic consequence of warmer and drier weather.
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In this assignment, you are given historical data on temperature, precipitation, and economic outcomes for a sample of 106 countries. You are required to analyse the impact of temperature, precipitation on income levels (measured by per capita GDP in natural logarithm), and more importantly, on income growth (measured by annual growth of per capita GDP).
Everything is on the attachments.
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