252CP406 12 2 2006 Computer Problem 4 This is an internet project as mandated by the Economics Department Possible credit is 2 to 7 points depending on effort and originality Recently the Heritage Foundation produced the graph below What I want to know is if you can develop an equation relating per capita income the dependent variable and Economic freedom x Because it is pretty obvious that a straight line won t work you will probably need to create a x 2 variable too The instruction for getting a squared version of the variable in C3 into C4 would be let C4 C3 C3 But I would like to know what parts of economic freedom affect per capita income Your dependent variable is per capita income You should probably use a sample of no more than 50 countries and it s up to you what variables to use but you should work up to at least 3 independent variables You are of course looking for significant coefficients and high R squares For instructions on how to do a regression try the material in Doing a Regression and in the problem solution suggested there See also the first question on last year s final exam The instruction for getting a squared version of the variable in C3 into C4 would be let C4 C3 C3 I expect some commentary using R squares and significance on what independent variables are good predictors Since your dependent variable is per capita income avoid independent variables that are parts of total income The index of Economic Freedom is at http www heritage org research features index Last year s suggested sources included the following websites http www finfacts com biz10 globalworldincomepercapita htm https www cia gov cia publications factbook index html 252CP406 12 2 2006 http web worldbank org WBSITE EXTERNAL DATASTATISTICS 0 contentMDK 20535285 me nuPK 1192694 pagePK 64133150 piPK 64133175 theSitePK 239419 00 html http www carleton ca cifp But just by wandering around the clippings on my website I found many other potential sources Here is my list http www neweconomics org gen z sys publicationdetail aspx pid 225 A book on the happy planet index in available on line it or better its components are possible independent variables http www oecd org document 15 0 2340 en 2649 201185 1873295 1 1 1 1 00 html A listing of many worldwide sources of economic data http www kof ethz ch deutsch globalization globalization html An index of the level of globalization plus a list of sources http www gapminder org Lots of fancy graphics here but it may take some work to find numbers http www foreignpolicy com story cms php story id 3098 A large set of data limited to failed states It could be interesting to relate this to economic freedom http www economist com media pdf QUALITY OF LIFE pdf Data and components for many nations http www economist com index html A site everyone should go to but it may take ingenuity or a subscription to get much hard data I ve posted some price data from it at http courses wcupa edu rbove eco343 060compecon general 20comparative 060525BigMac mht http www unicri it wwd analysis icvs statistics php Crime victimization rates http www sasi group shef ac uk worldmapper thumbnails This site is not exactly user friendly but with a little effort you can get Excel spreadsheets associated with their maps with GDP capita and lots of other good stuff http www doingbusiness org documents DoingBusiness2007 Overview pdf Worldwide rankings on the ease of doing business http www transparency org publications gcr download gcr download There is a corruption perceptions index in here If you want to mine the website for possible ideas A list of the contents of one folder follows 252CP406 12 2 2006 courses wcupa edu rbove eco343 060compecon general comparative To Parent Directory Wednesday September 06 2006 1 59 041200foundations mht Wednesday July 19 2006 6 30 Friday October 27 2006 11 11 Friday October 27 2006 11 11 060000sustainable pdf Friday June 02 2006 11 56 Monday February 27 2006 11 00 Sunday January 22 2006 11 00 Sunday January 22 2006 11 00 Sunday January 22 2006 11 00 Sunday January 22 2006 11 00 Sunday January 22 2006 11 00 Sunday January 22 2006 11 00 Sunday January 22 2006 11 00 Sunday January 22 2006 11 00 Tuesday January 31 2006 11 00 Tuesday January 31 2006 11 00 Sunday January 22 2006 11 00 Sunday January 22 2006 11 00 Sunday January 22 2006 11 00 Tuesday January 31 2006 11 00 Sunday January 22 2006 11 00 Sunday January 22 2006 11 00 Tuesday January 31 2006 11 00 Wednesday August 02 2006 3 58 Tuesday January 31 2006 11 00 Tuesday January 31 2006 11 00 Thursday February 09 2006 11 00 Thursday February 09 2006 11 00 Thursday February 09 2006 11 00 060200StabilityAndConvergence mht Thursday February 09 2006 11 00 Thursday February 09 2006 11 00 Thursday February 09 2006 11 00 Thursday February 09 2006 11 00 Thursday February 09 2006 11 00 Thursday February 09 2006 11 00 Thursday February 09 2006 11 00 Thursday February 09 2006 11 00 Thursday March 02 2006 11 00 Sunday February 19 2006 11 00 Sunday February 19 2006 11 00 Sunday February 19 2006 11 00 AM 38585 AM PM PM 40497 060000corrupt mht 24064 060000profiles doc 334080 AM PM PM PM PM PM PM PM PM PM PM PM PM PM PM PM PM PM PM AM PM PM PM PM PM 6796 3000 5940 8283 6299 4611 11088 34143 7719 3000 4866 9466 242011 14671 6205 12174 280332 11120 4076 162793 14577 4930 23950 3735 153689 060100classWar txt 060100law txt 060104EcoFr1 txt 060104EcoFreedm txt 060105rogues txt 060111growth txt 060112entrep txt 060112misery mht 060112prod txt 060116institut txt 060117elect txt 060117prod txt 060117vested mht 060117vested txt 060118choice txt 060118happy txt 060120inst pdf 060120pubPriv txt 060121women txt 060122growth mht 060124democr txt 060124flaTax txt 060126envPerf mht 060131attitud txt PM PM PM PM PM PM PM PM PM PM PM PM 7798 1630 1351 2553 20164 61993 13080 117028 51591 67941 13042 6689 060201water txt 060202infl txt 060203expensive txt 060203health txt 060205capitalism txt 060205ventureK txt 060206culture txt 060209AdjGDP mht 060210indexGlob mht 060214rich mht 060216banks txt 060216danger1 txt 252CP406 12 2 2006 Sunday February 19 Sunday February 19 Monday February 27 Thursday March 02 Friday March 31 Monday February 27 Thursday March 02 Thursday March 02 Friday March 24 Thursday March 02 Thursday March 02 Saturday September 09 Tuesday March 07 Friday March 24 Friday March 24 Friday March 24 Friday March 31 Tuesday May 30 Friday March 31 Friday March 31 Friday March 31 Wednesday May 10 060405reserveArmy txt
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