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Mathematics, 27.04.2021 15:10 janiyagoldsmith

A researcher plans to study the causal effect of a strong legal system on economy, using data from a random sample of U. S. counties. The researcher plans to regress national income per capita on whether the country has a strong legal system or not (an indicator variable taking the value 1 or 0, based on expert opinion). Do you think this regression suffers from omitted variable bias

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