Proposal - Do a literature review (at least two articles) and identify the topic and the research question for your project based on the reviewed articles - Collect data for those variables and present a table of summary statistics. List all the data sources.
Present the regression results from a basic model I included a sample of what I'd want the regression to include if data allows
Base the proposal on the following:
The Effect of Crime Rates on Housing Prices in Texas
Objective This project aims to study the impact of crime rates on housing prices, controlling for factors such as location, age of the home, number of bedrooms, garage availability, and square footage.
1. Literature Review
- Objective: Review two economic studies that examine the relationship between crime rates and housing prices.
- Steps:
- Search journals like the Journal of Urban Economics or Regional Science and Urban Economics for relevant studies.
- Summarize key findings, particularly any methodologies and variables used in prior research.
Resources:
- Google Scholar, JSTOR, or EconLit for journal articles.
- Libraries with subscriptions to economic and urban studies journals.
2. Data Collection and Sources
- Objective: Gather comprehensive data on housing prices and crime rates along with demographic and property characteristics.
- Requirements: Data should have at least 200 observations and cover a diverse set of neighborhoods.