### General Instructions:

• give it a title
• use sub headings as needed
• make use of footnotes
• make use of appendix and refer to it in the text
• (e.g. additional graphs or tables may be included in appendix. Also don't forget to attach printout of data and regression results in the appendix)
• cite references in the text and attach a reference page at the end

### Organization:

I. Introduction:

• state the purpose in clear terms
• summarize the key findings
• provide background information
• review the existing literature
• describe the organization of the report at the end

II. Economic Theory:

• develop the theoretical framework logically (discuss the nature of the relation between the key explanatory variable and the dependent variable using economic terms)
• use graphs to explain the theory
• discuss the impact of additional explanatory variables on the dependent variable from a theoretical perspective
• write down the testable hypothesis (i.e. the regression model) based on the theoretical discussion

III. Data

• describe the data in detail (e.g. list various sources, discuss nature of transformation etc.)
• provide a table with at least names of variables and variable definitions
• provide a table containing summary statistics
• discuss the meaning of the summary statistics in order to highlight important points

IV. Empirical Evidence:

• state the purpose of the statistical exercise and mention the technique to be used
• Write down the estimated regression equation with t scores, R2, DW, F etc. These should be presented in table form.
• Interpret the coefficient estimates and discuss if their signs or magnitude are consistent with a priori expectations or not
• discuss the overall goodness of fit
• report if problems of multicollinearity, autocorrelation or heteroskedasticity are present or not; take corrective actions (if possible) and report additional equations (also include in table form)
• may try alternative specifications and comment on them (also include in table form)

IV. Concluding Remarks:

• summarize the main theoretical argument and the key empirical findings
• discuss policy implications (you may want to calculate elasticity coefficients here)
• discuss the limitations of your study and possible directions for future research

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