ECN2005 Econometrics Referral Task

REFER TASK:

Answer BOTH Questions.
Each question carries 50 marks.
1. Address the original cross section coursework brief that is posted in the
ECN2005 module folder ‘CROSS SECTION ASSESSMENT MATERIAL’ on
the ECN2019/20 portal page (i.e. the project on wages).
2. Obtain time series data on real GDP for any TWO countries and estimate an appropriate VAR model. Interpret the model coefficients and comment on the nature of Granger Causality. Data can be obtained from http://eurmacro.eu/macrodata/datamtrx.html
Marks will be awarded for: testing and transforming variables appropriately; selection of an appropriate VAR specification; estimation of the VAR; clear and accurate interpretation of model coefficients; clear and accurate inferences regarding the nature of Granger Causality.
There is no specific word length for question 2 but as a rough guide, you should be writing around 700 words.

 

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