Problem
Consider the model given in Equations. Obtain data on the crime rate, law enforcement spending and Gini coefficient for any country of your choice, or for a group of countries, or for a group of states within a country, and estimate the two equations by OLS. How would you use IV to obtain consistent estimates of the parameters of the two models? Show the necessary calculations.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.