I know binary variables are not supposed to be modelled using linear regression models. However, I have come across many journal reviewers that prefer the so-called "linear probability model".
However, if an econometric model estimates a conditional mean of your dependent variable, then, can a binary dependent variable be interpreted as a %?
For example, if my land-use dependent variable is 1 if land use is agriculture and I estimate the impact of a national park on agriculture using a linear model, how would you estimate a coefficient, say, of b=0.025?
Thanks.