Econ 301.04
Fall 2014
Project Instructions III
So far you have completed a data set, where you have a dependent variable and
explanatory variables that may help you provide an explanation for this dependent
variable. The purpose of this exercise is to apply all the topics that we see in the course to
your data set. The ultimate goal is for every student to complete an empirical paper
(project) writing, by first doing the estimation and related tests and then writing the report.
Instructions to each assignment will show you the steps to follow.
Your second assignment is to
a. revise and refine your first submitted text and
b. add further analysis of your model.
Please follow the following instructions in completing the above stages:
1) Introduction: What is the topic of your paper? (What is the question that
you are asking?) What is your dependent variable?
2) Literature Review: What are the conclusions of the previous research in
the literature on this topic? Give 1 or 2 article that have examined this
topic previously.
3) Data Description: Describe your data: Each variable, its definition, its
unit of measurement, its frequency, its source,
Here you have to include the variables that you need (For example GDP
growth rate). The definition of the data that you have found (For example
GDP in constant in 2000 prices of local currency). State the source. (eg.
International Financial Statistics, IMF). For each of the data you should
provide this information.
What is the data period? What is the frequency of your data? (eg. monthly,
annual etc). If it is a cross section analysis, what is the set of countries that
you have included (or sets of cities for a study which is conducting the
providences of Turkey)
4) Empirical Results:
i. Write your regression equation. Explain the theoretical relationship
and the expected signs for the coefficients according to the ‘theory’
or ‘rational behavior’ of the topic that is under examination.
wagegapit = b0i + b1educationit + b2employmentit + uit
or
Crisisit = b0i + b1gdpgrowthit + b2currentaccountit + uit
You may use the equation editor of the word software here.
5)
6)
7)
8)
ii. Conduct the estimation and report your result (The format samples
are given below).
iii. Conduct significance test for each individual coefficient and report
the results in an essay form. Also conduct a test for the overall
significance of the regression equation.
iv. Define your dummy variables.
v. Estimate your model II with the intercept dummy.
vi. Estimate your model III by integrating slope dummies in addition
to the above intercept dummy. You should interpret the coefficient
of dummies, are they significant and what is their meaning in
economic terms.
Diagnostic Tests: Further stages to be discussed later…
Conclusions: Further stages to be discussed later…
References:
Appendix: enclose eviews outputs here.
The report will be submitted via TURNITIN and the eviews work file that you will
upload.
Format for submission: Please take time to follow the items below
1) Write the text in WORD format.
2) Write equations in equation editor or a similar format.
3) Make sure you have the sections in the above list.
4) The equation reporting and results can be reported either one of these two below
format:
1) Report regressions in column format:
One example is the following
Please put the t stats in the brackets rather than the std. error terms as is the case in
the above example.
2) Report regressions in row format:
Source: Gujurati 4th edition.
For each regression use the above format.
The equation reporting and results can be reported either one of these two below
The equation reporting and results can be reported either one of these two below.
5) You should follow a reference format such in MLA style
MLA format: Kalemli-Ozcan, Sebnem, Elias Papaioannou, and Fabrizio Perri. "Global
banks and crisis transmission." Journal of International Economics 89.2 (2013): 495-510.
Sample Cover Page
ANSWERING THAT PROVERBIAL QUESTION:
"HOW MUCH LONGER WILL YOU BE IN SCHOOL?"
Pre-project Proposal
By
UMUT SAĞLIKLI
Department of Economics
Bilkent University
In Partial Fulfilment of the Requirements for Econ 402
February 2013