2 Let us modify Computer Exercise C4 in Chapter 8 by using voting outcomes in 1990 for incumbents… 1 answer below »
2 Let us modify Computer Exercise C4 in Chapter 8 by using voting outcomes in 1990 for incumbents who were elected in 1988. Candidate A was elected in 1988 and was seeking reelection in 1990; voteA90 is Candidate A’s share of the two-party vote in 1990. The 1988 voting share of Candidate A is used as a proxy variable for quality of the candidate. All other variables are for the 1990 election. The following equations were estimated, using the data in VOTE2.RAW:
and
voteA90 5 75.71 1 .312 prtystrA 1 4.93 democA
(9.25) (.046) (1.01)
2.929 log(expendA) 2 1.950 log(expendB)
(.684) (.281)
|
n 5 186,
R2 5 .495, – 5 .483,
voteA90 5 70.81 1 .282 prtystrA 1 4.52 democA
(10.01) (.052) (1.06)
2.839 log(expendA) 2 1.846 log(expendB) 1 .067 voteA88
(.687) (.292) (.053)
|
n 5 186,
R2 5 .499, – 5 .485.
(i) Interpret the coefficient on voteA88 and discuss its statistical significance.
(ii) Does adding voteA88 have much effect on the other coefficients?
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