Dear all,
I have a question regarding an analysis of two variables which capture the same phenomena (country level of enforcement).
One of the variable is developed by me and the other was frequently used in prior literature.
My objective is to show that for EU my proxy explain better the variation in dependent variable or to show that my variable is better.
Do you have any idea what type of analysis I could use to show this?
Thank you in advance!
I have a question regarding an analysis of two variables which capture the same phenomena (country level of enforcement).
One of the variable is developed by me and the other was frequently used in prior literature.
My objective is to show that for EU my proxy explain better the variation in dependent variable or to show that my variable is better.
Do you have any idea what type of analysis I could use to show this?
Thank you in advance!
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