Question: A researcher investigates the difference between democracies and non-democracies in terms of how likely they were to vote in favor of imposing economic sanctions against a non-democracy. To do so, the research estimated both OLS and Probit regressions on the same sample. The coefficients from the OLS regression, along with the coefficient for the constant term in the Probit regression, are presented in Table 1. What is the value of the missing Probit coefficient for the variable Democracy? [Hint: the coefficients from the Probit regression tell you how many standard deviations you should move to and the probability of getting the outcome variable (as measured by the value of cdf). In other words, you're going to need to use the z-table here.]

Variable OLS Results Coeff. Probit Results Coeff.

Democracy 0.2017 ???

Constant 0.0594 -1.56

Table 1: Probability of voting to impose economic sanctions against generic non-democracy.

Price: $2.99

Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document