Econometrics I: Fundamentals of Econometric Theory (ESSEC 1st Year PhD and CYU M2 Economic Analysis)
Econometrics I: Fundamentals of Econometric Theory (ESSEC 1st Year PhD and CYU M2 Economic Analysis)
Choose a paper amongst those provided in the following list, read it carefully and answer all the questions below in no more than 4 pages.
You should communicate your chosen article no later than 23.59 of Sunday, October 4, 2020 to: jose-ignacio.rivero-wildemauwe@cyu.fr (the email's subject must be of the form "Econometrics assignment choice - Full name"). If too large a number of students have chosen the same article, they will be arbitrarily assigned a different one.
The deadline to hand in the assignment is 23.59 of Sunday, November 22, 2020 at the e-mail address noted above (the email's subject must be of the form "Econometrics assignment - Full name").
List of questions to be answered:
Title of the paper
Authors
Publication year
Journal
Main objective of the research
Basic ideas of the empirical strategy
Is there an explicit theoretical model underpinning the empirical strategy?
If so, briefly describe it and explain how does the economic model relate to the econometric model. No equations are expected in this part, just the main ideas of the model, in words
If there is not an explicit theoretical model behind the empirical strategy, is there an implicit one?
If so, explain the reasoning behind it and how it relates to the empirical strategy
Which are the variables of the empirical model?
How are they measured?
Are there any robustness checks? Explain them and their results
Do you find any weaknesses in the paper? Explain them
List of papers (you can access them here):
Economic Growth in a Cross Section of Countries. Author(s): Robert J. Barro. Source: The Quarterly Journal of Economics, Vol. 106, No. 2 (May, 1991), pp. 407-443
Debt/Equity Ratio and Expected Common Stock Returns: Empirical Evidence. Author(s): Laxmi Chand Bhandari. Source: The Journal of Finance, Vol. 43, No. 2 (Jun., 1988), pp. 507-528
Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States. Author(s): David Card and Alan B. Krueger. Source: Journal of Political Economy, Vol. 100, No. 1 (Feb., 1992), pp. 1-40
Equipment Investment and Economic Growth. Author(s): J. Bradford De Long and Lawrence H. Summers. Source: The Quarterly Journal of Economics, Vol. 106, No. 2 (May, 1991), pp. 445-50
The Cross-Section of Expected Stock Returns. Author(s): Eugene F. Fama and Kenneth R. French. Source: The Journal of Finance, Vol. 47, No. 2 (Jun., 1992), pp. 427-465
Mothers and Sons: Preference Formation and Female Labor Force Dynamics. Author(s): Raquel Fernández, Alessandra Fogli, Claudia Olivetti. Source: The Quarterly Journal of Economics, Vol. 119, No. 4 (Nov., 2004), pp. 1249-1299
Leisure, Home Production, and Work--the Theory of the Allocation of Time Revisited. Author(s): Reuben Gronau. Source: Journal of Political Economy, Vol. 85, No. 6 (Dec., 1977), pp. 1099-1123
Beauty and the Labor Market. Author(s): Daniel S. Hamermesh and Jeff E. Biddle. Source: The American Economic Review, Vol. 84, No. 5 (Dec., 1994), pp. 1174-1194
Law and Finance. Author(s): Rafael La Porta, Florencio Lopez‐de‐Silanes, Andrei Shleifer, Robert W. Vishny. Source: Journal of Political Economy, Vol. 106, No. 6 (December 1998), pp. 1113-1155
The Effect of Prison Population Size on Crime Rates: Evidence from Prison Overcrowding Litigation. Author(s): Steven D. Levitt. Source: The Quarterly Journal of Economics, Vol. 111, No. 2 (May, 1996), pp. 319-351
Openness and Inflation: Theory and Evidence. Author(s): David Romer. Source: The Quarterly Journal of Economics, Vol. 108, No. 4 (Nov., 1993), pp. 869-903
Effects of Cohort Size on Earnings: The Baby Boom Babies' Financial Bust. Author(s): Finis Welch. Source: Journal of Political Economy, Vol. 87, No. 5, Part 2: Education and Income Distribution (Oct., 1979), pp. S65-S97
The Colonial Origins of Comparative Development: An Empirical Investigation. Authors: Daron Acemoglu, Simon Johnson, James A. Robinson. Source: The American Economic Review, Vol. 91, No. 5 (Dec., 2001), pp. 1369-1401
Here you will find the databases used for the computer exercises in Wooldridge's books