This equation is similar to what we expected because the variable importer has a negative coefficient, meaning that being an oil importer has a negative effect of loggdp when there is an increase in gas price. Unfortunately, though, our dummy variable is not significant (t-stat: -0.21,
p-value: .836), so its effect on loggdp so the null hypothesis that being an oil importer or exporter has no effect cannot be rejected. Because we cannot reject the null hypothesis, further analysis of the differences in GDP per capita caused by gas prices between importing and exporting countries is not necessary and would potentially confound our results. Due to the statistical insignificance of our dummy variable, our final model is our restricted multivariable model seen on page 13.