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Please note that your graph is not a graph of any of the data used in the regression you criticize.  That is explained here:

<a href="http://www.econbrowser.com/archives/2013/03/why_im_more_wor.html">http://www.econbrowser.com/archives/2013/03/why_im_more_wor.html</a>

Also please describe when in your statistics course you get around to explaining how country and year fixed effects work.

by James Hamilton on Thu Mar 14th, 2013 at 11:18:26 AM EST

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