Northeastern University \u2013 ECON 2560 \u2013 Applied Econometrics \u2013 Fall 2022
\nPaper Review Project Due date: Dec 15, 11:59 pm Boston Time
\n** Late work will not be accepted for this assignment **
\nYou must complete this assignment individually (it is ok to discuss your paper and evaluation with colleagues but do your own
\nwriteup). Please upload your writeup to Canvas in PDF format.
\nBackground:
\nResearch papers are a primary way that economists communicate their work. Many papers are empirical — analyzing data —
\nand a large percentage of those use econometric methods. Reading and evaluating such papers is thus an important part of
\neconomic skills and training. Each of the papers listed below is an empirical paper using econometrics, with a range of
\ndifficulty, topics, datasets, and econometric approaches.
\nAssignment: choose one of the research papers below (or one of your own choosing, subject to pre-approval), review it, and
\nturn in a roughly two-page writeup that covers the following points:
\nDescribe the data used in the paper: what are the units of observation, how many data points are there, what are the
\ndependent and independent variables, what are the time periods\/frequency, etc?
\nDoes the paper provide descriptive statistics summarizing the data? If so, are they well-presented and informative?
\nWhat econometric techniques are used: OLS, nonlinear LS, Panel or Cross-section, maximum likelihood, logit, other?
\nHow is\/are the regression specification(s) chosen? Based on economic logic, analysis\/testing, or both? Does the paper
\ncontain discussion of functional form issues?
\nAre the assumptions about the data, in particular the 4 LSA (4 Least Squares Assumptions) (if relevant in the paper’s
\ncontext), appropriate given the estimation techniques used in the paper?
\nHow well do the paper’s econometric results support its conclusions? Comment on your perception of the paper’s quality
\nfrom an econometric perspective.
\nNote: you do not need to discuss the paper’s non-econometric results other than to tie the econometric results to the paper
\ntopic and conclusions. Sections like literature review and theoretical model may be skipped if appropriate.
\nSuggestions\/resources:
\nChoose a paper that interests you and has econometrics that you feel comfortable evaluating (some use just basic econometrics
\nfrom the first few chapters and some use techniques beyond what we’ve covered in class). You should probably skim several
\npapers before making your choice. If you want to choose a different paper, ask me by Dec 2nd so I can review it and make
\nsure it is appropriate (I’ll get back to you within appx 24 hours). Some of the papers are long and difficult; it is ok to do your
\nwriteup on part of a paper, especially if the paper has multiple empirical sections. (You don’t get extra points for choosing my
\npaper; I included it because it is simpler and more straightforward than most journal articles.) Make sure you leave enough
\ntime for this assignment — you will have about a little bit more than two weeks to do this project but reading and digesting
\neconomic research papers takes some time.<\/p>\n","protected":false},"excerpt":{"rendered":"
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