Education and Trade’s Impact on Macroeconomic Growth: An Example of Non-Linear Regression and Interaction Variables

The role that education and trade has on macroeconomic growth, from a theoretical standpoint, should be positive.  After all, specialization and economies of scale tend to increase with the extent of the market, and education increases the productivity of the labor force which tends to drive real incomes higher.  In order to put the theory … More Education and Trade’s Impact on Macroeconomic Growth: An Example of Non-Linear Regression and Interaction Variables