Economics 312

Spring 2012

Econometric Project #4

Due 6am, February 28

Hill, Griffiths, and Lim, Problems 5.25, 6.9 and 7.10

This project involves doing three of HGL's applied problems from Chapters 5, 6, and 7. As always, you will work in teams of two students each, as assigned below.

For this assignment, your report should be in two separate parts, one for Problems 5.25 and 6.9, which are related, and one for Problem 7.10.

Problems 5.25 and 6.9 explore estimation of a Cobb-Douglas production function for time-series data on U.S. manufacturing. This follows up on one of the daily problems you did earlier. There are lots of special difficulties with time-series estimation that we have not yet explored. You are not expected to be able to deal with these yet. Problem 6.9, as written, is particularly sterile. In your report, I want you to go into detail not only about the results of the hypothesis tests, but about what they mean in terms of economics and production technology.

Problem 7.10 looks at the effects of a policy of housing mandates in California cities. It includes an essay as part (f), which will include your usual summary and validity assessment. I'm not going to count words here, so ignore the authors' 250-word stipulation and write a coherent essay that is as long (or short) as it needs to be.

Links to Datasets

Problems 5.25 and 6.9: manuf.def manuf.dta
Problem 7.10: means.def means.dta

Project Teams