Please write 4 pages about methodology and 3 pages for the result. or 3 pages about methodology and 4 pages for the result.
Your subject is closely related to the Cobb-Douglas production function. See Equation (7) in the uploaded paper. Learn what are the parameter values and
how the paper estimates or calibrates them.
You need to choose the database, “Econlit,” and search papers with “dsge” and “natural resources.” (dsge means dynamic stochastic general equilibrium.)
Also you need to search “Google Scholars” with “Cobb-Douglas function” & “calibration” & “natural resources.” Your research estimates the elasticities of a
Cobb-Douglas function and discuss how they change or do not change. because for the discussion, it is necessary to compare your estimations with the
ones in existing litearature.
Your model is:
Y = β0 + β1 X1 + β2 X2 + β3 X3 +……..+ βn Xn + e
where Y is GDP, X1 the GHG emissions, X2 the CO2 emissions, X3 Agriculture, forestry, and fishing, value added, X4 forest cover, X5 capital stock, X6
population or labor force.