Economic Significance after Regression

[Attaullah Shah]

I want to find economic significance of independent variables in a regression such that

 (Coefficient of X * Standard Deviation of X ) / Mean of Y

, where X is independent variable and Y is dependent variable. The mean and standard deviation values should come from the same sample as used in the regression. Can there be a simple of way of doing it and generating a table after regression.

[daniel klein]

Do you want standardized regression coefficients? If so it should be

Coefficient of X * Standard Deviation of X / Standard Deviation of Y

If you are using regress, then the beta option gives you this. Otherwise you may want to standardize your variables before running the regression.

Note that it is controversial whether such methods can tell you more about the economic significance then your raw regression coefficients.

Best
Daniel

[Attaullah Shah]

Thank you Daniel