This is an econometric essay, read the instructions below and I will send you textbook later.
Goal: To apply the knowledge of econometrics (using mainly cross-sectional data or pooled twoyear cross sectional or two-year panel data) and the training in R that you acquired in this course to empirically explore an economic (or related) issue.My expectation: A 8-10 (double spaced) page (excluding data descriptions, and R codes) paper explaining your research question (why it is interesting to you) along with a brief literature survey, the econometric method used, the results of your analysis, and further research potentials – if any. Include the references. Add appendices for data descriptions and the R codes that you have used.Step 1: Read Chapter 19 of the text book.Step 2: Topic: • something that you have come across in another econ course that you want to check out empirically, or • a research paper that you want to replicate and extend/tweak (must include the work in your reference list.), or • a question you want to explore using publicly available data online, for example: https://vincentarelbundock.github.io/Rdatasets/dat… https://cran.r-project.org/web/packages/Ecdat/Ecda… Other data sources are also listed in Chapter 19 of the text book.
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