Sunday, May 23, 2021

How do I interpret coefficients when the dependent variables is in % and the independent is in log-form?

I set up a model with a dependent variable in % (unemployment as a % of total population) and independent variables, which are in logs. For example, I get that the coefficient of log(consumption) is -0.164. How do I interpret the size of this coefficient (percent, percentage points, etc.)? Thanks in advance.

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