Econometric Model Development for Thesis
Budget: $30 – $250 USD
I am interested in developing an econometric model for my thesis. If, after my advisor’s review, everything is approved and considered appropriate, that would be perfect. In case modifications are required, ideally they should remain within the agreed budget.
Once the model is completed, I would like to receive a full explanation of it, including how it is developed and the necessary knowledge to be able to replicate it in the future. If this explanation involves an additional cost, I would appreciate knowing the price both with and without this component.
Required information:
The thesis focuses on the Venezuelan diaspora and its effects on economic variables. The variables to be used in the econometric model include GDP, migration rate, and remittances. Alternatively, in the Excel file I will send, there are other possible variables, since obtaining reliable remittance data has been challenging.
The econometric model options suggested by my professor are the following:
GDPₜ = β₀ + β₁ migration rateₜ + β₂ remittancesₜ + εₜ
GDP growth rate = β₀ + β₁ population variationₜ + β₂ remittance percentage + εₜ
According to my professor, these models should be sufficient. However, as mentioned before, I would need your support in developing the model and in determining which variable could replace remittances if necessary.
My professor also emphasized that a proper time delimitation, clear research hypotheses, and the operationalization of variables are very important aspects of the study.
Once the model is completed, I would like to receive a full explanation of it, including how it is developed and the necessary knowledge to be able to replicate it in the future. If this explanation involves an additional cost, I would appreciate knowing the price both with and without this component.
Required information:
The thesis focuses on the Venezuelan diaspora and its effects on economic variables. The variables to be used in the econometric model include GDP, migration rate, and remittances. Alternatively, in the Excel file I will send, there are other possible variables, since obtaining reliable remittance data has been challenging.
The econometric model options suggested by my professor are the following:
GDPₜ = β₀ + β₁ migration rateₜ + β₂ remittancesₜ + εₜ
GDP growth rate = β₀ + β₁ population variationₜ + β₂ remittance percentage + εₜ
According to my professor, these models should be sufficient. However, as mentioned before, I would need your support in developing the model and in determining which variable could replace remittances if necessary.
My professor also emphasized that a proper time delimitation, clear research hypotheses, and the operationalization of variables are very important aspects of the study.