Statistics and Econometrics
ID- 4119L
2011/12 LEVEL
STATISTICS AND ECONOMETRICS
Present your data in a table showing the names of the variables. Make sure the full definitions and sources of each variable are given.
Birth Rates: (thousands)
Quarter1 (Q1)
Quarter2 (Q2)
Quarter3 (Q3)
Quarter4 (Q4)
GDP per capita (GDP)
The GDP data used was from http://earthtrends.wri.org/text/economics-business/variable-638.html in the table Economics, Business, and the Environment -- GDP: GDP per capita, current U.S. dollars
Current U.S.$ per person
GDP
The equation to be estimated is:
BRi = b0 + b1 GDPi+ ui (i)
(i) In terms of the literature on demand for children, what would you expect to find for the coefficient on b1 ?
is expected to have a negative value. There is an indirect negative relationship between the birth rate and GDP per capita of a country. Generally, as the GDP per capita increases, the birth rate decreases [James M....
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