Economic and Social Benefits
BA/EC 311 – QUANTITATIVE ANALYSIS
BIRMINGHAM-SOUTHERN COLLEGE
Regression Analysis Practice Econ Social Benefits
Open the SPSS file “Regression Practice Econ Social Benefits Data” found below on Moodle. You are interested in the effects that the economic (ECON) and social (SOC) benefits of cooperation have on the willingness of Ugandan farmers to cooperate (WTC). You also intend to study the effects on WTC of the age of a farmer (DEM 4) and whether farmers sometimes purchase their supplies at a marketplace (DEM 7, dummy coded 1=yes; 0=no). The control variables in your study are:
DEM 3 – size of the farm measured in acres.
DEM 6 – number of people living in a farmer’s household.
Your hypotheses are:
H1: Economic benefits will have a positive effect on
willingness to cooperate.
H2: Social benefits will have a positive effect on willingness to cooperate.
H3: The social benefits of cooperation will be greater than the economic benefits.
H4: Age will have a positive effect on willingness to cooperate.
H5: Farmers who sometimes purchase supplies in a marketplace will be less willing to cooperate.
1. Which hypotheses are supported? Explain how you know. To test these hypotheses,
you should put all of the variables into one regression model.
2. What is the predicted willingness to cooperate for the
average farmer in your study?
3. Consider the oldest and the youngest farmers in the
study. How much more must the oldest farmer score on the social benefits of
cooperation to have the same willingness to cooperate as the youngest farmer?
4. The economic benefits of cooperation are ____________
times higher than the social benefits of cooperation.
5. Consider a farmer who sometimes purchases supplies at a marketplace and one who does not. How much greater must the economic benefits of cooperation be for the farmer who does not purchase their supplies at a marketplace be to have the same effect on WTC as a farmer who does purchase their supplies at a marketplace?
Save your work as a word doc and post on Moodle.