Posted: November 27th, 2014

The Effect of Oil Price Changes on the Buying and Selling Economies

The Effect of Oil Price Changes on the Buying and Selling Economies

Project description
Please edit the following paper based on these comments?
The period covered from 2009 – 2013 is a short period to be able to come up with reliable results. Please consider a longer time period.
For the data: what are the (specific) Variables? Oil prices, imports, exports, or more than that?
Please show the specific variables will be used and, the specific sources, In what countries?
For the parts where it is said ” it is calculated that the correlation between…” Please specify how did you come up with the data? And if there’s other variables please include them
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Added on 26.11.2014 07:59
Summary Paper Instructions
You should make sure you answer completely the below questions. This implies that assessment of the summary is not function of the length. Also, remember conciseness is a skill highly rewarded, generally in life and, in particular, in your professional life.

-Theory:
1. What is your specific idea?
If in the proposal you said you would be working on a topic, now you are expected to have narrowed that to a specific idea.
For example, if your topic was monetary policy, now you are expected to have come up with a particular theme, such as: monetary policy in developing countries, monetary policy in the wake of a bubble, monetary policy in a volatile investment environment, etc.
2. Why is this idea interesting and relevant at a policy-making level?
The answer to this question should be a combination of your own thoughts and of the prior results found in the literature. Surveying the literature on the subject is arguably the most intense (time-consuming) and difficult task. But only by reading you would be able to come up with new ideas.

– Data
1. What variables will you be using, specifically?
Ex: the daily overnight rate, the 1-year Treasury-bills rate, the annual inflation, etc.
2. What time period?
3. What country/ countries? (mention either here or in the theory part why you focus on this particular country).
4. What is/ are the specific data sources?
To be able to answer these questions, you actually have to look for the data

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