Define the country dimension of the dataset

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Reference no: EM131955339

You need completely paraphrase the report and put new data of 2016 or later in place of the data that are of 2011 and accordingly do minor calculations if needed . so fully paraphrased report with 2016 data or later , you can find the data at below links.

Another minor change is "Can you make it as Introduction, literature review, body & data analysis, and then conclusion & policy recommendation?" data were utilized from:

a. Data on energy consumption (measured in million tons of oil equivalent) come from British Petroleum's 2011 Statistical Review of World Energy. These data are available for the period 1965-2010 for a group of 66 countries, which defines the country dimension of the dataset.

b. US CPI data-used to deflate variables denominated in U.S. dollars-and GDP per capita statistics (in U.S. dollars)-used as a proxy for countries' income-come from the IMF's World Economic Outlook database. Data on population come from the United Nations. These data are available for the period 1965-2010.

c. Gasoline prices-used as a proxy for overall energy prices-for 2002-09 come from the IMF's Fiscal Affairs Department data prepared for the paper by Coady and others (2010), while 2010 gasoline prices come from GTZ. These data are only available for the period 2002-10, and therefore restrict the time dimension of the dataset.

d. Raw daily weather data come from the U.S. National Oceanic and Atmospheric Administration (NOAA).2 These data were processed to compute a cold weather index (average temperature of the three coldest months) and a hot weather index (average temperature of the three hottest months). The time coverage of these data varies from country to country. For the empirical exercise (below) I have collapsed these two variables into two time-invariant country dummies by taking the average of the specific variable during the observation period available for each country.3

e. An advanced countries dummy follows the IMF World Economic Outlook country classification. This classification implies that the sample is composed of 29 advanced economies and 37 non-advanced economies.

Attachment:- Report.rar

Reference no: EM131955339

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