ECOM20001 Intro Econometrics Assignment 1

This assignment is evaluated for a total of 30 marks. It is worth 10% of your final mark. No late
assignments will be accepted. Please submit it electronically using from LMS. This is an individual
project each person is expected to do their own assignment. It is due by 1pm on Friday the 28th of April.
Make sure to use the table below to record your name and student id, your tutor’s name and tutorial
time/location.
This assignment has two parts the first is worth 10 marks and the second is worth 20. The first is
a question taken from last year’s final examination. The second requires that you use the data
(UN_HDI.wf1)for the assignment to perform some estimation and interpretation.
Please limit your total response to no more than 10 A4 pages. You may cut and paste the Eviews
output in your file. In most cases any figures will probably need to be reduced in size. Make sure to
keep a copy of what you submit and include your full name, ID number, your tutor’s name, the
time/day/location of your tutorial as shown below:
Name ID number Tutor 1/3 Tutorial day &
time Tutorial
location ECOM20001 1. Intro Econometrics Semester 1, 2017 Question from last year’s exam (10 marks total)
Show all your workings in answering these questions. 1.
Two specifications of an equation that explains the expenditures per adult on EGMs (pokies) for
the fiscal year 2012/2013 (exp_per_adult) in terms of the number of EGMs per 1000 adults in 2013
(EGM) and the unemployment rate (unemployed) for a sample of 70 towns in Victoria, Australia were
estimated. The results are reported in Table 1 with standard errors in parentheses.
Table 1 The estimated parameters and standard errors for the two specifications
ExplanatoryVariables
Constant
EGM
EGM2
unemployed R 2 Specification 1:
-108.06 (67.527)
44.87 (7.430)
56.98 (10.677)
0.542 Specification 2:
-218.83 (75.725)
99.71 (20.972)
-3.71 (1.334)
45.36 (11.004)
0.583 Questions:
1.a.(2 marks)
1.b(2 marks) Discuss which specification you prefer. In your discussion you must use the
results of at least two criteria.
Estimate the expenditures per capita of 200 EGM per 100 people on the predicted
exp_per_adult for specification 1. 1.c(2 marks) Estimate the expenditures per capita of 200 EGM per 100 people on the predicted
exp_per_adult for specification 2. 1.d. (2 marks) From specification 2, what can we conclude about the returns to scale of more
EGMs? 1.e. (2 marks) From specification 2, how many EGMs per capita would there have to be in a town
to have negative returns to scale? 2/3 ECOM20001 2. Intro Econometrics Semester 1, 2017 The Productive and Fair Econometrician (20 marks total) Recently the United Nation Development Programme released their latest Human Development
Report. In this assignment you are asked to run some regressions to determine the influence of various
measures of human development such as measures of education and health, inequality and economic
activity to examine the relationship between some of these measures. In order to perform this analysis a
selection of data from the World Bank was combined with the UN data is contained in UN_HDI.wf1.2
1 Table 2. Descriptive statistics for variables in UN_HDI.wf1
mnemonic
ARTICLES
CO2
EN_SEC
EN_TER
EQ_MATH
EQ_READING
EQ_SCIENCE
EQ_SEC
FER_2010
GDP_CAP
GR_HDI
HDI
HDI_VALUE

This assignment is evaluated for a total of 30 marks. It is worth 10% of your final mark. No late
assignments will be accepted. Please submit it electronically using from LMS. This is an individual
project each person is expected to do their own assignment. It is due by 1pm on Friday the 28th of April.
Make sure to use the table below to record your name and student id, your tutor’s name and tutorial
time/location.
This assignment has two parts the first is worth 10 marks and the second is worth 20. The first is
a question taken from last year’s final examination. The second requires that you use the data
(UN_HDI.wf1)for the assignment to perform some estimation and interpretation.
Please limit your total response to no more than 10 A4 pages. You may cut and paste the Eviews
output in your file. In most cases any figures will probably need to be reduced in size. Make sure to
keep a copy of what you submit and include your full name, ID number, your tutor’s name, the
time/day/location of your tutorial as shown below:
Name ID number Tutor 1/3 Tutorial day &
time Tutorial
location ECOM20001 1. Intro Econometrics Semester 1, 2017 Question from last year’s exam (10 marks total)
Show all your workings in answering these questions. 1.
Two specifications of an equation that explains the expenditures per adult on EGMs (pokies) for
the fiscal year 2012/2013 (exp_per_adult) in terms of the number of EGMs per 1000 adults in 2013
(EGM) and the unemployment rate (unemployed) for a sample of 70 towns in Victoria, Australia were
estimated. The results are reported in Table 1 with standard errors in parentheses.
Table 1 The estimated parameters and standard errors for the two specifications
ExplanatoryVariables
Constant
EGM
EGM2
unemployed R 2 Specification 1:
-108.06 (67.527)
44.87 (7.430)
56.98 (10.677)
0.542 Specification 2:
-218.83 (75.725)
99.71 (20.972)
-3.71 (1.334)
45.36 (11.004)
0.583 Questions:
1.a.(2 marks)
1.b(2 marks) Discuss which specification you prefer. In your discussion you must use the
results of at least two criteria.
Estimate the expenditures per capita of 200 EGM per 100 people on the predicted
exp_per_adult for specification 1. 1.c(2 marks) Estimate the expenditures per capita of 200 EGM per 100 people on the predicted
exp_per_adult for specification 2. 1.d. (2 marks) From specification 2, what can we conclude about the returns to scale of more
EGMs? 1.e. (2 marks) From specification 2, how many EGMs per capita would there have to be in a town
to have negative returns to scale? 2/3 ECOM20001 2. Intro Econometrics Semester 1, 2017 The Productive and Fair Econometrician (20 marks total) Recently the United Nation Development Programme released their latest Human Development
Report. In this assignment you are asked to run some regressions to determine the influence of various
measures of human development such as measures of education and health, inequality and economic
activity to examine the relationship between some of these measures. In order to perform this analysis a
selection of data from the World Bank was combined with the UN data is contained in UN_HDI.wf1.2
1 Table 2. Descriptive statistics for variables in UN_HDI.wf1
mnemonic
ARTICLES
CO2
EN_SEC
EN_TER
EQ_MATH
EQ_READING
EQ_SCIENCE
EQ_SEC
FER_2010
GDP_CAP
GR_HDI
HDI
HDI_VALUE

This assignment is evaluated for a total of 30 marks. It is worth 10% of your final mark. No late
assignments will be accepted. Please submit it electronically using from LMS. This is an individual
project each person is expected to do their own assignment. It is due by 1pm on Friday the 28th of April.
Make sure to use the table below to record your name and student id, your tutor’s name and tutorial
time/location.
This assignment has two parts the first is worth 10 marks and the second is worth 20. The first is
a question taken from last year’s final examination. The second requires that you use the data
(UN_HDI.wf1)for the assignment to perform some estimation and interpretation.
Please limit your total response to no more than 10 A4 pages. You may cut and paste the Eviews
output in your file. In most cases any figures will probably need to be reduced in size. Make sure to
keep a copy of what you submit and include your full name, ID number, your tutor’s name, the
time/day/location of your tutorial as shown below:
Name ID number Tutor 1/3 Tutorial day &
time Tutorial
location ECOM20001 1. Intro Econometrics Semester 1, 2017 Question from last year’s exam (10 marks total)
Show all your workings in answering these questions. 1.
Two specifications of an equation that explains the expenditures per adult on EGMs (pokies) for
the fiscal year 2012/2013 (exp_per_adult) in terms of the number of EGMs per 1000 adults in 2013
(EGM) and the unemployment rate (unemployed) for a sample of 70 towns in Victoria, Australia were
estimated. The results are reported in Table 1 with standard errors in parentheses.
Table 1 The estimated parameters and standard errors for the two specifications
ExplanatoryVariables
Constant
EGM
EGM2
unemployed R 2 Specification 1:
-108.06 (67.527)
44.87 (7.430)
56.98 (10.677)
0.542 Specification 2:
-218.83 (75.725)
99.71 (20.972)
-3.71 (1.334)
45.36 (11.004)
0.583 Questions:
1.a.(2 marks)
1.b(2 marks) Discuss which specification you prefer. In your discussion you must use the
results of at least two criteria.
Estimate the expenditures per capita of 200 EGM per 100 people on the predicted
exp_per_adult for specification 1. 1.c(2 marks) Estimate the expenditures per capita of 200 EGM per 100 people on the predicted
exp_per_adult for specification 2. 1.d. (2 marks) From specification 2, what can we conclude about the returns to scale of more
EGMs? 1.e. (2 marks) From specification 2, how many EGMs per capita would there have to be in a town
to have negative returns to scale? 2/3 ECOM20001 2. Intro Econometrics Semester 1, 2017 The Productive and Fair Econometrician (20 marks total) Recently the United Nation Development Programme released their latest Human Development
Report. In this assignment you are asked to run some regressions to determine the influence of various
measures of human development such as measures of education and health, inequality and economic
activity to examine the relationship between some of these measures. In order to perform this analysis a
selection of data from the World Bank was combined with the UN data is contained in UN_HDI.wf1.2
1 Table 2. Descriptive statistics for variables in UN_HDI.wf1
mnemonic
ARTICLES
CO2
EN_SEC
EN_TER
EQ_MATH
EQ_READING
EQ_SCIENCE
EQ_SEC
FER_2010
GDP_CAP
GR_HDI
HDI
HDI_VALUE

This assignment is evaluated for a total of 30 marks. It is worth 10% of your final mark. No late
assignments will be accepted. Please submit it electronically using from LMS. This is an individual
project each person is expected to do their own assignment. It is due by 1pm on Friday the 28th of April.
Make sure to use the table below to record your name and student id, your tutor’s name and tutorial
time/location.
This assignment has two parts the first is worth 10 marks and the second is worth 20. The first is
a question taken from last year’s final examination. The second requires that you use the data
(UN_HDI.wf1)for the assignment to perform some estimation and interpretation.
Please limit your total response to no more than 10 A4 pages. You may cut and paste the Eviews
output in your file. In most cases any figures will probably need to be reduced in size. Make sure to
keep a copy of what you submit and include your full name, ID number, your tutor’s name, the
time/day/location of your tutorial as shown below:
Name ID number Tutor 1/3 Tutorial day &
time Tutorial
location ECOM20001 1. Intro Econometrics Semester 1, 2017 Question from last year’s exam (10 marks total)
Show all your workings in answering these questions. 1.
Two specifications of an equation that explains the expenditures per adult on EGMs (pokies) for
the fiscal year 2012/2013 (exp_per_adult) in terms of the number of EGMs per 1000 adults in 2013
(EGM) and the unemployment rate (unemployed) for a sample of 70 towns in Victoria, Australia were
estimated. The results are reported in Table 1 with standard errors in parentheses.
Table 1 The estimated parameters and standard errors for the two specifications
ExplanatoryVariables
Constant
EGM
EGM2
unemployed R 2 Specification 1:
-108.06 (67.527)
44.87 (7.430)
56.98 (10.677)
0.542 Specification 2:
-218.83 (75.725)
99.71 (20.972)
-3.71 (1.334)
45.36 (11.004)
0.583 Questions:
1.a.(2 marks)
1.b(2 marks) Discuss which specification you prefer. In your discussion you must use the
results of at least two criteria.
Estimate the expenditures per capita of 200 EGM per 100 people on the predicted
exp_per_adult for specification 1. 1.c(2 marks) Estimate the expenditures per capita of 200 EGM per 100 people on the predicted
exp_per_adult for specification 2. 1.d. (2 marks) From specification 2, what can we conclude about the returns to scale of more
EGMs? 1.e. (2 marks) From specification 2, how many EGMs per capita would there have to be in a town
to have negative returns to scale? 2/3 ECOM20001 2. Intro Econometrics Semester 1, 2017 The Productive and Fair Econometrician (20 marks total) Recently the United Nation Development Programme released their latest Human Development
Report. In this assignment you are asked to run some regressions to determine the influence of various
measures of human development such as measures of education and health, inequality and economic
activity to examine the relationship between some of these measures. In order to perform this analysis a
selection of data from the World Bank was combined with the UN data is contained in UN_HDI.wf1.2
1 Table 2. Descriptive statistics for variables in UN_HDI.wf1
mnemonic
ARTICLES
CO2
EN_SEC
EN_TER
EQ_MATH
EQ_READING
EQ_SCIENCE
EQ_SEC
FER_2010
GDP_CAP
GR_HDI
HDI
HDI_VALUE

This assignment is evaluated for a total of 30 marks. It is worth 10% of your final mark. No late
assignments will be accepted. Please submit it electronically using from LMS. This is an individual
project each person is expected to do their own assignment. It is due by 1pm on Friday the 28th of April.
Make sure to use the table below to record your name and student id, your tutor’s name and tutorial
time/location.
This assignment has two parts the first is worth 10 marks and the second is worth 20. The first is
a question taken from last year’s final examination. The second requires that you use the data
(UN_HDI.wf1)for the assignment to perform some estimation and interpretation.
Please limit your total response to no more than 10 A4 pages. You may cut and paste the Eviews
output in your file. In most cases any figures will probably need to be reduced in size. Make sure to
keep a copy of what you submit and include your full name, ID number, your tutor’s name, the
time/day/location of your tutorial as shown below:
Name ID number Tutor 1/3 Tutorial day &
time Tutorial
location ECOM20001 1. Intro Econometrics Semester 1, 2017 Question from last year’s exam (10 marks total)
Show all your workings in answering these questions. 1.
Two specifications of an equation that explains the expenditures per adult on EGMs (pokies) for
the fiscal year 2012/2013 (exp_per_adult) in terms of the number of EGMs per 1000 adults in 2013
(EGM) and the unemployment rate (unemployed) for a sample of 70 towns in Victoria, Australia were
estimated. The results are reported in Table 1 with standard errors in parentheses.
Table 1 The estimated parameters and standard errors for the two specifications
ExplanatoryVariables
Constant
EGM
EGM2
unemployed R 2 Specification 1:
-108.06 (67.527)
44.87 (7.430)
56.98 (10.677)
0.542 Specification 2:
-218.83 (75.725)
99.71 (20.972)
-3.71 (1.334)
45.36 (11.004)
0.583 Questions:
1.a.(2 marks)
1.b(2 marks) Discuss which specification you prefer. In your discussion you must use the
results of at least two criteria.
Estimate the expenditures per capita of 200 EGM per 100 people on the predicted
exp_per_adult for specification 1. 1.c(2 marks) Estimate the expenditures per capita of 200 EGM per 100 people on the predicted
exp_per_adult for specification 2. 1.d. (2 marks) From specification 2, what can we conclude about the returns to scale of more
EGMs? 1.e. (2 marks) From specification 2, how many EGMs per capita would there have to be in a town
to have negative returns to scale? 2/3 ECOM20001 2. Intro Econometrics Semester 1, 2017 The Productive and Fair Econometrician (20 marks total) Recently the United Nation Development Programme released their latest Human Development
Report. In this assignment you are asked to run some regressions to determine the influence of various
measures of human development such as measures of education and health, inequality and economic
activity to examine the relationship between some of these measures. In order to perform this analysis a
selection of data from the World Bank was combined with the UN data is contained in UN_HDI.wf1.2
1 Table 2. Descriptive statistics for variables in UN_HDI.wf1
mnemonic
ARTICLES
CO2
EN_SEC
EN_TER
EQ_MATH
EQ_READING
EQ_SCIENCE
EQ_SEC
FER_2010
GDP_CAP
GR_HDI
HDI
HDI_VALUE

Answers

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