The purpose of this assignment is to provide you with an opportunity to do several things:
- Search for and retrieve economic data
- Use economic theory to construct an hypothesis
- Specify an econometric model to test your hypothesis
- Test regression model for CLR violations
- Use the attached table to identify the data set you have been assigned
- Use economic theory to form an hypothesis regarding the relationship between
two variables found in your dataset
- Specify and estimate a regression that will allows you to test your hypothesis
using observations from your dataset. Explain choice of dependent and RHS
variables. Define all variables.
- Carry out diagnostic tests on your estimated equation based on potential CLR
- Test your hypothesis
- Report results of estimation and tests. Results should include estimated
regression, any diagnostics tests, hypothesis tests and descriptive statistics of
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