Econometrics Research Proposal
Before you start your research project, think about “what”, “why’’, and “how”. The paper should answer a question in which you are interested. It is OK to have insignificant results. Read Studenmund’s Chapter 3 and 11 for more information. You need to have at least 60 observations and 3 explanatory variables for your model estimation.
Research Proposal Structure:
- Title page. Come up with a title for your proposal and create a titlepage.
- This section summarizes the topic, methodology, and your main initial findings. It should appear on your titlepage.
- Motivation and Introduction. This section should state the nature and objectives of theproject along with a brief literaturereview.
- Description of the model. You should write out the econometric model that you plan to estimate, and discuss the expected impact of the exogenous variables in yourmodel.
- Data description and model estimation. Describe the dataset you are using by providing summary statistics of important variables. Use the techniques developed in class to analyzeyour data and estimate yourmodel.
- Preliminary results. Your results should be reported and discussed in this section and could include: parameter estimates, standard errors, t-statistics, F-statistics, and adjusted R^2. Run the tests for autocorrelation, heteroskedasticity, and possible multicollinearity ifneeded.
- Appendix: Additional regression results can be included in thissection. Data sources for various topics that you might find interesting: RESOURCES FOR ECONOMISTS–rfe.org
FRED St Louis Fed–https://fred.stlouisfed.org/Bureau of Transportation Statistics –www.bts.gov
Bureau of Justice Statistics – http://www.ojp.usdoj.gov/bjs/Bureau of Labor Statistics – www.bls.gov
Census Bureau – www.census.gov
State labor information – http://www.bls.gov/bls/ofolist.htmThe National Center for Education –www.nces.ed.gov
US macroeconomic time series data– http://economagic.comNational Health Statistics– http://www.cdc.gov/nchs/
World Health Organization– http://www.who.int/health_topics/en/NHS– http://www.cdc.gov/nchs/datawh/stprofiles.htm
United Nations– http://unstats.un.org/unsd/methods/inter-natlinks/sd_natstat.htmOECD– www.oecd.org
A search engine for financial data sources– www.fisher.osu.edu/fin/osudata.htmConsumer Expenditure Survey Homepage – http://www.bls.gov/bls/ofolist.htm