## CHECK THESE SAMPLES OF Econometrics and Cobb-Douglas Function

...?**Econometrics** Regression Model Question A The other hypothesis to be investigated by this regression was weather the level of education of women had an impact on their level of availability or participation in the work place. This was to be monitored using the coefficient educ. The availability and increase of other sources of income for the family was also considered to find out weather the same affected their level of commitment at work. This was done using the variable nwifeinc. The estimated coefficients had the signs as expected and were of statistical significance, this was demonstrated clearly buy the patterns displayed by the respective graphs of the variable coefficients. It therefore demonstrated beyond any reasonable doubt...

3 Pages(750 words)Assignment

...Part The key hypothesis in this paper is that “Democracies have bad rood conditions compared to autocratic rule holding all other explanatory variables constant”.. This means that governments in the world which are perceived or are build on democratic principles have poor rood networks. The authors motivates this hypothesis by first looking at the reasons why autocratic governments may be forced to have good roads probably to enable troops to move around in case of both internal and external aggressions. Further, the author argues that autocratic government’s belief that good infrastructure facilities tend to blind the electorate. On the other hand, democratically elected governments due to the aspect of resource distribution may... The key...

5 Pages(1250 words)Speech or Presentation

...**ECONOMETRICS** **Econometrics** Introduction This report is based on the work published by Klein (1950) in his book d “Economic Fluctuations in theUnited States 1921 to 1941”. In this book, the aggregate output in United States from 1921 to 1941 is estimated based on the two components of aggregate demand, consumption and investment. In this report, the graphical analysis, multivariate estimation like Ordinary Least Squares and 2SLS as well as the time series analysis of the data based on VAR estimation are done.
2. Graphical Analysis
The graphs in appendix 1 show the actual plots and correlograms of Consumption, Investment, Government non-wage income, Output and Wage Income in the period of analysis. Moreover, the scatter plots of income...

6 Pages(1500 words)Essay

...Question No. 8 Box and Jenkins utilized sample autocorrelation **function** and partial autocorrelation **functions** to identify order of an ARMA (autocorrelated moving average) model. If y0, y1, ... yT-1 are a sequence of values from a process, the sample autocorrelation **function** is
Rt = ct / c0, t = 0, 1, ..., T-1
Where
Ct = 1/T ∑ (yi – y-bar)(yi-t – y-bar)
Is the empirical autocovariance at lag t and c0 is the sample variance. The sample partial autocorrelation pt at lag t is the correlation between the two sets of residuals obtained from regressing yi and yi-t on the set of values in between them. Box and Jenkin’s method has three steps, namely model selection, model estimation and model checking. Frequently Box and Jenkin’s is an iterative...

5 Pages(1250 words)Assignment

...**ECONOMETRICS** PART Question a) From table the correlation coefficient between health status and years of education is 0.33. When the correlation coefficient in absolute values is between 0.1 and 0.5, there is a weak correlation between the variables and when the values are between 0.5 and 0.9 there is a strong correlation. In this case, there is a weak positive correlation between the two variables. Since the coefficient is positive, there is a positive linear relationship between health status and years of education. When years in education increase, there is an improvement in health status of the individual.
Question 1 (b)
i. Number of doctor visits and gender
The results of the regression are demonstrated in table 2. The coefficient...

16 Pages(4000 words)Essay

... Question 3 Use the data set shorttbills.wf1. Limit the sample so that it begins in 2002. Regress the three month treasury bill rate (tb3ms) on the lagged three month rate and the twice lagged 6 month rate (tb6ms(-2)). Do the coefficients make much sense? (Okay, explain why they don’t.) Test, at the 1% level, for first-order serial correlation using the Breusch-Godfrey test. Now run the regression correcting for serial correlation by including AR(1) in the regression. Do the coefficients make sense now? Correct for second order serial correlation (add AR(1) and AR(2)). How about the coefficients now?
The regression output looks like
Dependent Variable: TB3MS
Method: Least Squares
Date: 09/17/12 Time: 15:24
Sample: 2002M01... Question 3...

1 Pages(250 words)Assignment

...APPLIED **ECONOMETRICS** Q1. Interpretation of estimated coefficients in model 3 from table Table shows the least ordinary squares (OLS) of regressions of log per capita income on protection against expropriation variable in a variety of samples. The values in the brackets are the standard errors, occurred during the research. On average, if a country has a protection against expropriation of 10 percent, then per capita income increases by 4.3%, ceteris paribus (100 ×0.43 × 0.1 = 4.3%). For 0.37, the concept is the same. However, negative values of the estimates (-0.62, -1.00 and -0.25) show a reduction and not an increment in per capita income.
The protection against expropriation was measured on a scale from 0-10, where a higher score means...

8 Pages(2000 words)Assignment

...Applied **Econometric** paper s Affiliation Introduction This paper gives answers to certain questions regarding a study by Acemoglu, Johnson & Robinson (2001): Colonial Origins of Comparative Development. In their study, they claim that countries with quality institutions and secure property rights appear to have higher economic growth than their counterparts. From the **econometric** model adopted by Acemoglu, Johnson & Robinson (2001), the following questions will be answered appropriately.
Question 1
The coefficient estimate (β1) measures how economic growth increases due to the increase in institutions ` quality. Therefore, economic growth will increase by 43% whenever the quality of institution increases by at least one unit (β1 = 0.43...

11 Pages(2750 words)Speech or Presentation

...Production **function** & cost analysis Introductory outline In economic theory production **function** is used to depict the relationship between inputs and output while a cost **function** depicts the relationship between the costs of those inputs and the final output. Thus they are interrelated **functions** with emphasis on the differences between the short term and the long term. The production **function** would show increasing, decreasing or constant returns to scale as the time period progresses with inputs being altered.
While there are simple production **functions** with minimal variability analysis, there are also those very complex ones such as the **Cobb**-**Douglas** Production **Function**. The firm might vary the inputs such as labor and capital...

6 Pages(1500 words)Admission/Application Essay

The law proposes an inverse relationship between demanded quantity and price and testing the hypothesis would aim at investigating the relationship. The objective is stated bellow.

Developing a set of hypotheses for the objective would then follow. This would involve the formulation of a rebuttable proposal to be accepted or rejected for its alternative hypothesis. The hypothesis would focus on the law’s proposed relationship and is stated below.

Step 3 would involve the determination of the level of significance for the test. This determines the level of precision of the test also establishes a criterion for accepting or rejecting the null hypothesis. A level of significance of 1 percent would be preferred for gre...

8 Pages(2000 words)Assignment