Econometrics

1. INTRODUCTION Over the past three decades, the Trans-Pacific region has grown to become the main trading partner of the US. This region, made up of over 40 countries spread across Asia, Oceania, and the Americas, accounts for roughly two-thirds of the US trade volume. The fast growth in trade is due to various factors such as improved air transportation, increased use of computers in manufacturing, industrial agglomeration, and reduction in tariffs through free trade agreements in the…

THEORETICAL FRAMEWORK AND RESEARCH METHODOLOGY In this chapter, the theoretical framework for the study and its methodology are presented here. Basically, it contains the model specification, model estimation techniques and sources and nature of data. The sample periods of the study span from 1980 to 2013. It is a period of 34 years. 3.1 THEORETICAL FRAMEWORK Remittances are income transfers likely to affect wages and employment both at the household and macroeconomics levels. If leisure is…

assignment (1=T, 0=C) as the dichotomous outcome and a set of measured covariates as predictors (Rosenbaum & Rubin, 1983; D’Agostino, 1998) cited by (Stone and Tang, 2013). Therefore, in this paper logit model was used to estimate propensity scores. An econometric package to analyze data is STATA Version…

However since we have the four variables and that we’re measuring first year average scores. The formula should look like this: First year average score (%) = β0 + β1non-academic member + β2satis first-year + β3math-center + u Since first year average score is a percentage variable, it is often used in the level form as a result. So models with level-level or level-log will work best with this average score for estimating. However since we are measuring with more than two variables,…

Is immigration a controversy? Is it a problem in modern day society? Do we really know over the outcomes of immigration? Immigration is not only a major topic in the United States but all the world. Immigration has its positive and researches also proven negative impacts. Which affect the people already there and the immigrants themselves also family, perhaps for life. In the mid-1800s, Irish immigrants were labeled as indolent drunks, not to mention Roman Catholics. At the turn of the century;…

Five years ago, the young and practical version of myself saw higher education as an abstract dream. I knew where I stood in society’s system as an undocumented student, and as a first-generation, low-income student. Thus, my commitment to working in the education sector is the result of my personal, academic, and professional journey. My career goal is to establish an organization that will break those barriers for students from disadvantaged socioeconomic and sociopolitical communities. As a…

In the United States and worldwide, there is a serious problem of antibiotic over prescription and unnecessary prescription. This problem represents a tragedy of the commons and negative externality, as each course of antibiotics reduces the overall effectiveness of the drugs and contributes to the rise of antibiotic-resistant bacteria. This paper attempts to estimate the negative externality associated with antibiotic prescriptions, especially when they are needlessly prescribed. Further, this…

The first time I realized that Economics is so close to our everyday life is when my grandfather put couple yuan to his empty cigarette box and gave that for snacks payment. This is the first time I may spend money and consider independently how to maximize the utility of money I have. Even though it’s just couple yuan, I can buy playing cards, popsicles or other snacks. Considering the rule of playing cards, if I played really well, I can earn cards from others. I spent half of my money buy new…

Does the death penalty deter crime, especially murder? Is the death penalty just? Should the death penalty be reformed? The death penalty also known as capital punishment continues to be an issue of controversy for many years. It seems that public opinion on the death penalty has changed over the year and is still changing, but there are still other people who believe that the death penalty is a good punishment and will continue to believe. Most of the time in my life, I often hear “An eye for…

causality analysis. They establish that although there is a substantial relationship between economic development and financial growth in the short term, there is no connection in the long run. Khadraoui and Smida (2012) research on the different econometric approaches used in panel data in the relation of financial sector development and growth. They use a panel data of 70 countries for the period between 1970 and 2009. They are using both LS (fixed effect) and GMM-Difference and GMM-System…