Research Path/Key Recomendations

Key topics and recommendations for Research

The starting point is the question.

 General steps (once you have the main question):

• Economic theory: thinking of the problem, variables and possible direction of the relationship(s) - hypotheses.
• Economic model to an econometric model.
• Sample data and desirable method of statistical analysis.
• Statistical Software Package and parameter estimation.
• Model diagnostics.
• Empirical results and implications.

Design a Research Plan (see article); some surprises in the research process.

Writing the Paper:

• Brief project summary or proposal
• The abstract:
• A concise statement of the problem
• Comments on the information available - key reference
• A description of the research:
• The Economic Model
• Estimation and inference methods - econometric
• Data source
• Empirical results, process and relevant information for replication
• Potential contribution of the Research

General Format and Structure:

• Statement of the Problem -inspirational for readers-
• Review of the Literature -briefly summarize key and relevant-
• The Economic Model
• The Econometric Model
• The Data
• The Estimation and Inference
• The Empirical Results and Conclusion
• Possible Extensions and Limitations of the Study
• Acknowledgments
• References

Source: R. Carter Hill is the author of Principles of Econometrics, 4th Edition, published by Wiley