you need to estimate a model of GDP growth based on past data estimating impact of trade, foreign direct investment, inflation and other variables on the UK after exiting the European union (brexit). So you need to develop a model of GDP growth, collect data (panel including EU countries), estimate the model. Once you have the estimated model, then you can project the impact of Brexit through changes in trade or finance on the growth rate of the UK.
For example of the regression model:
MobileHomesi = β0 + β1PovertyRatei + β2URi + β3CollegeGradsi + other Xs
Data will be a cross section of all 50 states for the year 2015.
MobileHomesi = the percent of households living in mobile homes in state i in 2015
PovertyRatei = the percent of households living below the poverty rate in state i in 2015
URi = the unemployment rate for state i in 2015
CollegeGradsi = the number of residents who are college graduates in state i per 100,000 in 2015
Note 1: you should have at least 5-7 Xs
Note 2: if your data is time series, use the subscript “t” instead of ”i".
Note 3: if you are using a panel data set, use the subscripts “it” and when defining the variables, state something like “… for state i in year t.”
Note 3: mention the data sources for your variables.
Note 4: if your model is based on a published journal article, mention this.
Should include a list of “measurable” variables (be specific), structure of data, regression analysis and findings and sources of data.
List of variables: dependent variables(s), main independent variable and control variables. impact of “x” on “y”. brief statement of findings
i have many sources like journals, articles and data on this subject if needed
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