Assignment 2 Introductory Econometrics 代写

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    • Assignment 2 Introductory Econometrics 代写

    Assignment 2
    Introductory Econometrics
    Due 20th October 2017
    Background
    The government is conducting a review of its trademark policy. In particular the government believes that
    policies that encourage a large number of trademark applications will lead to a higher GDP per capita 20
    years into the future. To investigate this issue, the government have used a database from the World Bank
    where 60 countries have been chosen at random. The database includes the following variables:
    • Country: The name of the country.
    • GDP1115: Average Gross Domestic Product (GDP) per capita in a country measured in ’000s US
    dollars over the period 2011-2015.
    • GDP9195: Average Gross Domestic Product (GDP) per capita in a country measured in ’000s US
    dollars over the period 1991-1995.
    • TM9195: Average number of trade mark applications in ’000s in a country over the period 1991-1995.
    • OECD: A dummy variable equal to 1 if a country belongs to the Organisation for Economic Co-operation
    and Development (OECD) and 0 otherwise.
    The government has run a regression of GDP1115 on TM9195
    The estimated model with standard errors in parentheses is
    ˆ
    GDP1115 = 12.683
    (2.682)
    + 0.304
    (0.1)
    × TM9195
    The coefficient of TM9195 is statistically significant. From this analysis the government concludes that to
    achieve a higher GDP per capita, they should implement policies to encourage a higher number of trade mark
    applications.
    Your job
    Please complete the following tasks
    1. Critically evaluate the approach and main conclusion of the government with regards to model specifica-
    tion and the assumptions of the regression model. Discuss ways that the regression analysis conducted
    by the government could be improved.
    2. Conduct your own analysis of the problem and make a conclusion about whether the number of
    trademark applications is associated with a higher level of GDP per capita in the future.
    3. Describe some of the limitations of your own approach.
    Additional task for ETF5910 Students only
    From 1991-1995 Kenya had an average GDP per capita of $870.97 and an average of 868 trademark applications.
    Kenya is not a member of the OECD. Predict the average GDP for Kenya from 2011-2015.
    1
    Assesssment
    You should submit a written report of no more than two pages. You will NOT be assessed on the specific
    conclusion that you make about the relationship between trademarks and GDP. Instead you will be assessed
    on your ability to justify this conclusion and back up your conclusions with statistical evidence. You should
    include EViews output to support your arguments and this will not count towards the two page limit.
    You should aim to be concise. If you include output that is not relevant to your arguments you will be
    penalised. If you discuss things in an unecessary level of detail you will be penalised. For example, although
    you should conduct hypothesis tests, it is not necessary to write out the hypothesis test in full for this
    assignment.
    Due Date and Submission
    The assignment is due on 20th October at 5PM. You must submit a hard copy of your assignment in the
    mailbox of your tutor. Students in Madhur’s tutorials should submit their assignments in Anastasios’ mailbox.
    2
    Assignment 2 Introductory Econometrics 代写