Write a paper on Economics.Your report should not exceed 5 pages (12pt. font; single line spacing; excluding the cover page, the reference page, and the Python codes appendix). Your tutor will not mark the part of your report beyond the page limit. Project Requirements Your project report should contain all the following six sections: Section 1. Choose ONE of the following series from WDI as the dependent variable: • Exports of goods and services (BoP, current US$) • Exports of goods and services as a percentage of GDP • Imports of goods and services (BoP, current US$) • Imports of goods and services as a percentage of GDP • Foreign direct investment, net inflows (BoP, current US$) • Foreign direct investment, net inflows as a percentage of GDP • Foreign direct investment, net outflows (BoP, current US$) • Foreign direct investment, net outflows as a percentage of GDP • Current account balance (BoP, current US$) • Current account balance as a percentage of GDP Section 2. Choose ANY FOUR series from WDI as independent variables. Section 3. Collect the data on the dependent and independent variables of at least 15 countries over a sample period of 10 years. The sample size should be at least 100 country-year observations. In a table, provide a list of the sample countries, the sample period, the sample size, the sample mean, and the sample standard deviation. (3 marks) Data can be found on https://databank.worldbank.org/reports.aspx?source=world-development-indicators Section 4. Set a hypothesis for the effect of each independent variable on the dependent variable (i.e., a total of four hypotheses). Explanations / Theories / Intuitions should be provided to justify each hypothesis. Sources of references should be cited. (20 marks) Section 5. Using the data collected, estimate a fixed-effect model by a Python program. Report the main findings in a table. Provide the Python program in an appendix. (5 marks) Section 6. Based on the findings, test for the hypotheses one by one. For each hypothesis, intuitively explain why it is / is not supported by the findings. (12 marks)
