econometrics paper

2350 Words10 Pages
30050 Applications for Economics Management and Finance

Applied research project and report

“Man is by nature a Political Animal”

FACTORS SHAPING INDIVIDUAL’S INTEREST IN POLITICS

INDEX:

I. ABSTRACT
II. INTRODUCTION
III. DATA DESCRIPTION: Dependent variable and Independent variables
IV. MULTIVARIATE ANALYSIS: Factor, Regression and ANOVA Analysis
V. CONCLUSIONS
VI. REFERENCES

I. ABSTRACT

The purpose of this project is to analyze what stimulates individual’s “Interest in politics”. Indeed politics, either directly or indirectly, shapes community’s every day life. It is of capital importance as it affects individual’s welfare and well-being. After gathering the required data from
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Inexpensive
2. Quickly obtained
3. Generally high data quality
1. Format
2. Data definitions (scope)
3. Uncertainties about data quality

We should also remember to take into consideration social desirability bias: the tendency of respondents to answer questions in a way they think will be viewed favorably by others, which may influence the reliability of our findings.

i. Dependent variable

The dependent variable chosen is “Interest in Politics”, a numeric ordinal variable. We had to invert the scale so that larger values of Y imply higher interest in politics, in line with the other variable’s scale. It now ranges from 1 (“not at all interested) to 4 (“very interested”). With respect to the initial data screening, we checked the presence of missing values in our dependent variable. As shown in the table, the percentage of missing data is not significant in relation to our threshold of 5% considered to be the general rule of thumb.

ii. Independent variable

While describing the independent variables chosen, we have to consider that some are latent nature, meaning that the underlying concepts cannot be measured directly. In order to create a meaningful value for said variables, we carried out a factor analysis with the aim of extracting two factors. In our analysis we also included 3 dummy variables, one single variable and the usual control variables. A brief
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