ECN5232 Exercise 4
a) Indicate the appropriate theory (s) that will serve as the foundation of your research (or in developing the theoretical framework). Then briefly explain how the selected theory (s) able to support your research issue and the independent variables included in the estimation model.
b) Formulate the null hypothesis and alternative hypothesis based on the variables highlighted in (a).
c) Specify the estimation/empirical model that will be used in your study (in log-linear function). Include at least three independent variables including your variable of interest in the estimation model. Use appropriate notations to represent the dependent variable (DV) and independent variables (IV). (7 marks)
d) Provide brief description of the variables included in the estimation model as specified in section (c) by completing the following table.
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