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Methodology Econ 313

# Methodology Econ 313 - as a function of GDP per...

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Methodological session

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Data Important to get data: To get facts rights to confront theory to facts “There are three kinds of lies: lies, damned lies, and statistics” But also important to keep the limitations of data in mind: Quality of data (GDP…) Sample size Omitted variable bias Reverse causality
Sources of data World Bank http://www.worldbank.org/ Human Development Reports, United Nations Development Program (UNDP) http://hdr.undp.org/en/ Penn World Tables http://datacentre.chass.utoronto.ca/pwt/ McGill library

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Health and GDP per capita Download from the World Development Indicators database the following data, for Kenya, for all the years: GDP per capita (current US \$) Mortality rate, under-5 (per 1,000) 1. Graph the evolution of the mortality rate (under-5), and GDP per capita over time. 2. Now graph, in a scatter plot, the mortality rate (under-5),

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Unformatted text preview: as a function of GDP per capita (x-axis: GDP, y-axis: mortality rate). 3. Criticize this result (sample size, linear trend, sparsity of specification, omitted variable bias, reverse causality) Health and GDP per capita 4. Calculate the average mortality rate, and GDP per capita over the period? 5. Are the missing values counted as zero? 6. Copy the value of these averages in another sheet. 7. Do the same for all countries in 2005 Teamwork 1. Find your group on WebCT (teamwork) 2. Meet with your group through your group discussion forum 3. Attend your conference: 1. Naureen Fatema Sept. 19 and Oct. 3 (8:30‐9:30) STBIO S3/3 2. Byunguk Kang Sept. 21 and Oct. 5 (9:30‐10:30) MAASS 10 1. Download the Teamwork assignment available Thursday 09/15 at 4:30pm 2. Upload your assignment (word document) on WebCT BEFORE Thursday 09/29 2pm!...
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Methodology Econ 313 - as a function of GDP per...

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