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Econometrics Term Paper

Econometrics Term Paper

Question Description

Proposal paper required (one paper long):

Paragraph 1: Topic Summary:
A one-paragraph discussion of what you are trying to research. This paragraph should introduce the reader to the issue you are interested in researching. This is a fairly broad paragraph. Remember, you want to motivate the reader here.

Paragraph 2: Hypothesis:
For example, the purpose of this paper is to investigate the determinants of economic development. Studies have shown (a), (b) and (c) are the main determinants of development. In this paper, I want to examine if that is true. Basically, take the broad topic and formulate it into an economic problem.

Paragraph 3: Literature Review
Reference what economists have studied in the past that relate to the issue.

Paragraph 4: Data Sources:
A list of data that you need to test your hypothesis and a link to a website that has the data.

Full paper:

I. Title page.

II. Abstract. This should be less than 50 words and summarize the topic, methodology, and main findings. It should appear on your title page.

III. Introduction. This section should state the nature and objectives of the project along with a brief review of any relevant literature. Make sure to provide some background or motivation for why your project is interesting.

IV. Description of the model. The model should be clearly stated and any equations carefully explained. You should write out the econometric model you plan to estimate, and discuss the expected impact of the exogenous variables in your model.

V. Data description and model estimation. You should use the techniques developed in class to analyze your data and estimate your model. Make sure to describe the dataset you are using by providing summary statistics of important variables. Your results should be reported and discussed in this section and could include: parameter estimates, standard errors, t statistics, F statistics, R squared, tests for autocorrelation, heteroskedasticity, and possible multicollinearity, as appropriate.

VI. Conclusion. Review the major findings as well as possible extensions for future work. Make sure to mention any limitations of your approach as well as alternative explanations of your results. Policy implications, if any, could also be included in this section.

VII. Tables and graphs. Your paper must include at least one table and one graph. The tables and graphs should be well labeled and accessible to the reader do not merely print out your regression output with cryptic variable names. Appendix If you have a lot of regression results or other details in your theoretical/statistical model that merit to be included yet, they may distract the reader, you may include them in an appendix.