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As we discussed, the purpose is to give you an opportunity of replicating the estimations we ran both in Eviews and excel. What you are expected to do(you all know by now) is to estimate the determinants of private consumption. Your task consists of the following:
1. Download (from the World Bank database) the following data of at least five countries and at least for five years:
private consumption (% of GDP)
population
GDP Per Capita (constant USD)
Inflation (consumer price index)
taxes
Then, run the estimation, where private consumption is a dependent variable, while the rest of the variables will serve as intendent (explanatory) variables.
Then, interpret your findings and write up and submit your results (including excel or Eviews estimations).
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