Econometrics research paper
a.) The objective of this paper is to identify the relationship between globalization and GDP.
GDP is the dependent variable. (interest rates) Trade liberalization.
b.) The audience which I am writing for could be economists, federal employees, or interested general public.
c.) Thesis:
As incomes rise, how do households spend their new wealth and disposable income? Do they spend it on imported goods or domestic goods?
d.) Ideas:
I want to include in my paper a significant amount of data that can provide a visual representation of what products households in America are spending their income on.
In the current world of vast globalization, it would be interesting to see if the open border trade market is causing Americans to buy more imports or more domestic products.
This is especially interesting given our current president's political agenda and his initiative of boosting the domestic economy by bringing manufacturers back to the US. Is this actually true? And is it working?
How many products are being imported and bought by Chinese manufacturers is it more or less than it was 10 years ago, if so why?
Is the purchase of imported goods on a steady incline, decline, or plateau?
Sample Solution