8 pages Statistics project. Deadline 5 days Pay $70
Topic: The effect of Education, Aid and net inflow of Foreign Direct Investment on Gross National Income of developing countries.
-project must be done, using stata program.
-an econometric evaluation of an economic issue using data that you have gathered either from the host of data sets now available on the web or in official sources. The data set must contain a minimum of 3 variables, (one dependent variable and at least 2 right hand side variables to be added to a constant term). You should concentrate on estimating a multiple (rather than simple) regression model.
-should have a minimum of 50 observations in your regressions.
The model should be a causal one, (ie the right hand side variables should explain the dependent variable, not the other way round)
-The econometric results should include a thorough statistical evaluation using the full range of (relevant) diagnostic tests highlighted during the course.(Simple regression model; derivation of linear regression equation; goodness of fit. Gauss-Markov conditions and unbiasedness of the regression coefficients; precision of the regression coefficients; Gauss-Markov theorem; t test of a hypothesis relating to a regression coefficient; Type I error and Type II error; confidence intervals; F test of goodness of [url removed, login to view] with 2 explanatory variables; properties of multiple regression; Hypothesis [url removed, login to view] form; F tests in multiple regression model; transformation of variables elasticities; dummy variables; omitted variable [url removed, login to view] and consequences of endogeneity; simultaneous equation systems; measurement error; tests endogeneity; instrumental variable estimation as a solution to [url removed, login to view] and consequences; tests for AR(1) autocorrelation; autocorrelation with lagged dependent variable,Dynamic models; short and long-run coefficients; partial adjustment predictions; stationary and non-stationary processes; cointegration)
- in order to my work to be marked I need to provide i) the data you have used ii) the Stata output log containing your regression output. (All the work on stata I need to have)
- project must include 2 to 3 tables of results and 2 or 3 figures (not including the log file)
-Ideally your project should look and be structured like an article you can find in any of the economic journals (ex Journal of Economic Perspectives)
-the project should include the following sections:
Set out the economic theory underlying your project and use it to specify a model and the resulting hypotheses to be tested. Set out your prior expectations of the likely signs and magnitudes of the coefficients. Discuss any econometric problems you expect to encounter.
Discuss the sources for your data. Give the exact definition of variables (in a Table in an appendix) and sample period, Describe the main features of the data using a table of sample means and their standard errors. Graph the trends in the dependent and, perhaps, the independent variables. Comment on the main trends/features.
Outline your results in tabular [url removed, login to view] Stata command �outreg� will help considerably with you inputting the results in tabular form. State whether your hypotheses are accepted or rejected. Comment on the results and on any diagnostic tests you have used.
Give an overview of your hypotheses and main results
-Also the topic of the paper I chose myself, so it can be changed