Hello,
I have the following model
log trade volume = log distance*year
I want to figure out how transport costs approximated by distance change over time. I have 25 time periods.
Now I struggle to interpret the coefficient. The coefficient is +0,1322**.
Any help?
I have the following model
log trade volume = log distance*year
I want to figure out how transport costs approximated by distance change over time. I have 25 time periods.
Now I struggle to interpret the coefficient. The coefficient is +0,1322**.
Any help?
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