Instructions You must use STATA, and must turn in a copy of your Do-file. The Do-file...

 

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Instructions You must use STATA, and must turn in a copy of your Do-file. The Do-file must perform every task below neatly and correctly. The work you hand in must be your own. You must NOT copy any answers from anyone or anywhere else. Please review FIU's policy on academic misconduct for more information. Questions The data we will use in this assignment is based on an article by Roger Koenker, "Was Bread Giffen? The Demand for Food in England Circa 1790". 1. Download and read the article linked above, and write a detailed review. a) Summarize the topic b) Explain the approach c) Summarize the conclusion 2. Please download the data from here (http://estebanch.com/ECO4421/HW04/koenker.xlsx) and replicate Table 1 of Koenker's article using STATA. To do so, you will need to estimate the following equations: QB₂+₂Y₁+ Report your results in a table. Qus=B+B₁Y₁+ 3₂5₁ + $₂Pm₂ + B₂P+E₁ Qua B+B₂Y₁ + & Qu+BY + B₂S; + B₂Pµ‚ + B₂PM₂+₂ (1) (2) (4) Instructions You must use STATA, and must turn in a copy of your Do-file. The Do-file must perform every task below neatly and correctly. The work you hand in must be your own. You must NOT copy any answers from anyone or anywhere else. Please review FIU's policy on academic misconduct for more information. Questions The data we will use in this assignment is based on an article by Roger Koenker, "Was Bread Giffen? The Demand for Food in England Circa 1790". 1. Download and read the article linked above, and write a detailed review. a) Summarize the topic b) Explain the approach c) Summarize the conclusion 2. Please download the data from here (http://estebanch.com/ECO4421/HW04/koenker.xlsx) and replicate Table 1 of Koenker's article using STATA. To do so, you will need to estimate the following equations: QB₂+₂Y₁+ Report your results in a table. Qus=B+B₁Y₁+ 3₂5₁ + $₂Pm₂ + B₂P+E₁ Qua B+B₂Y₁ + & Qu+BY + B₂S; + B₂Pµ‚ + B₂PM₂+₂ (1) (2) (4)

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To replicate Table 1 of Koenkers article using STATA youll need t... View the full answer