Topic:” The impact of tourism industry on UAE’s economy”
Our aim is to provide evidence on long and short run relationship between economic growth and tourism industry in UAE, based on a 25 year span of data
ranging from 1995 to 2020 using the autoregressive distributed lag(ARDL) model.
1.Gross Domestic Product (GDP) at Current USD was taken as the dependent variable and used as an economic growth indicator. 2.International Tourism
Receipts (ITR) at Current USD (expressed in billions of USD) was taken as the independent variable to measure tourism development.
Natural logarithms of both the variables should be used to undertake the empirical tests.
We would like you to take the “Discussion and analysis”part.
(1).Where descriiptive statistics of series table is shown and explained.
(2)unit root tests . The ADF and the PP test is done and explained.(to ensure whether the data is stationary or not).
Please bear in mind the prerequisite for ARDL model is only possible if:(a)some of the variable is stationary at 1st difference and some of the variable
stationary at level. i.e., so if all of the variables is stationary at 1st difference or all of variables stationary at level, we can still use ARDL mode.
(b)if any of the bariable is stationary at second difference then the ARDL model cannot be run.if any of variable is non stationary then still ARDL model
cannot be done.
If ARDL model isnt feasible after the test, check if granger causalty is possible. i will be attaching two files for your reference :
1.first file would be the reference for as where to take the data ,if you dont find in net. because we are using the same variables but with different year span
and method.
2.second file would be the reference for the data and analysis part (ARDL).
we are emphasizing that proceed with ARDL method if unit root tests show the prerequisite for ARDL .or else proceed with suitable econometrics analysis.
Taking these things into account after the unit root test,and if the prerequisite is fulfilled ,then use ARDL method.
(3).Results of Cointegration test done by ARDL bound test should be shown and explained.
(4)estimation results of ARDL model(GDP dependent variable) and explain.
(5)Error correction model and please explain.
(6)check for any structural breakpoints and do the necessary.
(7)if needed,do the long term and short term coefficient of ARDL model and explain the results.
Everything should explained so that we could understand results and its empirical analysis.
short and long term relationship of variables should be examined by using the ARDL model.
Which software is used , tables , figures should be shown. We hope all data is readily available in internet, so this project could be finished early.
We are explaining everything in advance as ,previously we gave this topic to be done to the same website, and they gave us the wrong results and which
resulted in complete waste of our money.
And now our deadline is just 2 days away, so we appreciate if you could complete this within 2 or 3 days atmost. I hope whoever is taking on this , is clear
about the ARDL model. Dont make the same mistake. We are not proficient in this part of econometrics,so proceed with the model’s requirements.Please
make the necessary arrangement
