econometrics paper - 2350 Words

30050 Applications for Economics Management and Finance Applied research project and report â€Å"Man is by nature a Political Animal† FACTORS SHAPING INDIVIDUAL’S INTEREST IN POLITICS INDEX: I. ABSTRACT II. INTRODUCTION III. DATA DESCRIPTION: Dependent variable and Independent variables IV. MULTIVARIATE ANALYSIS: Factor, Regression and ANOVA Analysis V. CONCLUSIONS VI. REFERENCES I. ABSTRACT The purpose of this project is to analyze what stimulates individual’s â€Å"Interest in politics†. Indeed politics, either directly or indirectly, shapes community’s every day life. It is of capital importance as it affects individual’s welfare and well-being. After gathering the required data from†¦show more content†¦Inexpensive 2. Quickly obtained 3. Generally high data quality 1. Format 2. Data definitions (scope) 3. Uncertainties about data quality We should also remember to take into consideration social desirability bias: the tendency of respondents to answer questions in a way they think will be viewed favorably by others, which may influence the reliability of our findings. i. Dependent variable The dependent variable chosen is â€Å"Interest in Politics†, a numeric ordinal variable. We had to invert the scale so that larger values of Y imply higher interest in politics, in line with the other variable’s scale. It now ranges from 1 (â€Å"not at all interested) to 4 (â€Å"very interested†). With respect to the initial data screening, we checked the presence of missing values in our dependent variable. As shown in the table, the percentage of missing data is not significant in relation to our threshold of 5% considered to be the general rule of thumb. ii. Independent variable While describing the independent variables chosen, we have to consider that some are latent nature, meaning that the underlying concepts cannot be measured directly. In order to create a meaningful value for said variables, we carried out a factor analysis with the aim of extracting two factors. In our analysis we also included 3 dummy variables, one single variable and the usual control variables. A briefShow MoreRelatedEvaluation Of The Testing Techniques1550 Words   |  7 Pagesthe stationary testing process of the financial data sets. If a unit root exists in the non-stationary financial time series, the best possible way to get stationary series is eliminating the unit root through the difference (Verbeek, 2012). In this paper, the Unit Root Test had been firstly applied to check the effectiveness of the PPP theorem, providing considerable support for the behind demonstrative analysis. 4.3.3 Co-integration Test As has been mentioned before, most financial time series andRead MorePrice Variations Of A New Mobile Products1481 Words   |  6 Pagesproducts. 3.4 Construction of econometric model results analysis 3.4.1 Construction of econometric model The former part mainly applied statistical method to comparing price levels of two types of retailers. When constructing theoretical model for price issue in B2C market, price factor must be fully considered and rationally quantified. This paper would mainly adopt Lee ( 2010 ) method to establish econometric model; in the following econometric model, this paper will analyze and study factorsRead MoreResearch Methodology Of A Research Approach Essay1745 Words   |  7 Pagessimulation models, which are based on creating and analyzing replicated models to predict their performance in the real world or econometric models that make use of past information or current performance to make predictions World Bank (2005). Since this study uses historical data in an attempt to evaluate past performance and predict the way forward, it employs an econometric model which is widely used in analyzing bilateral trade flows. Most empirical studies in international trade that employ theRead MoreThe Workings Behind Government Bond Selling Mechanism3764 Words   |  16 Pagesthat try to empirically characterize the strategic behaviour of participants in government bond auctions in order to construct a counter-factual estimate of auction outcomes under either a discriminatory or uniform price format. Using structural econometric methods, it is possible to construct estimates of the bid functions of auction participants, i.e. ranges of quantity and price combinations for the different bidders, and to then form an estimate of auction revenues if a country were to switch fromRead MoreProposed Merger Between Staples And Office Depot972 Words   |  4 Pages statistical, econometrics and financial evidence to verify that the proposed merger of Staples and Office Depot will lead to increase in market concentration, market prices and stock prices, and thus support FTC’s contention that this merger will cau se an anticompetitive effect on Office Superstore market. Staples and Office Depot made a plain and useless contradiction. Finally, the Court announced to agree with FTC, and granted a preliminary injunction on this merger. This paper mainly focusesRead MoreThe Impact Of Crude Oil On The Uk Economy3260 Words   |  14 PagesCRUDE OIL PRICES SHOCKS ON THE UK ECONOMY. INTRODUCTION: This paper will observe the relationship between UK economic indicators and global commodity prices. The paper will be divided into seven parts. Part one will be the introduction, part 2 will be the literature review, part 3 will be econometric models and methodology, part 4 will be data summary, part 5 will be results and analysis, part 6 issues/extensions of the econometrics modelling, part 7 will be the conclusion and the references. TheRead MoreDoing Cutting Edge Research Work At Leading Universities Paints A Full Image Of My Dream2201 Words   |  9 Pageshas equipped me with a foundation in research methods and economics senses. Majoring in Quantitative Economics that put great emphasis on mathematical and econometric methods, I acquired systematic economics theories and strong quantitative skills through Econometrics, Financial Econometrics, Applied Time Series Analysis, Applied Econometrics, Ordinary Differential Equation, Mathematical Analysis (calculus), C++,and other related modules. With the awareness that practical skills in software applicationRead MoreThe Causality Of Foreign Direct Investment And Economic Growth1860 Words   |  8 Pages Testing the Causality Between Foreign Direct Investment and Economic Growth Ned R Jackson Utah Valley University March 2015 Abstract This paper looks to determine the causality of foreign direct investment and economic growth. Implementing common and basic econometric techniques to test the association between these two topics in The United Arab Emirates. In past research it has been implicated that FDI has causality in economic growth mainly due to the ability FDI has to introduceRead MoreThe Role Of Indian Fdi On Nepalese Economic Growth1252 Words   |  6 Pages3. Data and Methodology Present paper utilizes the annual data of GDP, Indian FDI, level of Investment and Export in real terms from the period 1989/90 to 2013/14. The concerned variables are transformed into logarithm and hereafter these are denoted by ã€â€"LnGDPã€â€"_t,ã€â€"LnFDIã€â€"_t ã€â€"LnIã€â€"_t and ã€â€"LnXã€â€"_t . Fully Modified Ordinary Least Squares (FMOLS) is the main econometric methodology used in this paper to examine the role and impact of Indian FDI on Nepalese economic growth. The FMOLS of economic growthRead MoreInvestigating The Nine Aspects Of The Research Articles1160 Words   |  5 Pagesevaluation of the nine aspects of the research articles given below and the references for these articles are given at the end of the paper. Review has been done on four articles in order to find relationship between board size and performance of firms in context of different countries (United Kingdom, Ireland, China and Nigeria). The problems identified in this paper are listed below; A) Among the other problems author particularly look at this problem; whether the impact of board size on firm’s performance