General Research Guidelines:\n1. For your research topic I will assign a country for you research. You will find data for estimation of their residential solar energy demand. You need to do the following:\n\na. Use your textbook chapter on renewable energy for background reading. Search the Economics literature for journal articles on demand for solar energy. Since that literature is in its infancy, you can alternatively look for journal articles focused on demand for renewable energy. Additional articles can be from the Economist, the Financial Times, the New York Times and the Wall Street Journal. \n\nb. More specifically, you need to search the Econlit data base to find two journal articles on demand for solar energy. First, for each article, report the name of the author(s), the date of the publication, (3) the title of the journal and its volume, and pages for the article. Second, for each article describe (1) the purpose of the paper, (2) the model they have used, (3) the data set used for the research, (4) and describe their research results.\n\nc. You need to have a demand model for residential solar energy model for your estimation equation. To develop your model, first, write an algebraic demand equation of solar energy for fitting the data into it. Second, locate sources for the data you need. \n\nd. The data you gather for estimation of the demand equation should include data for [1] Quantity of panels installed in a given year (consumption), [2] Price of solar panels (an average price for the location you select), [3] if possible an average figure for the cost of installation, [4] direct government subsidies or tax breaks, [4] Average Days of Sunshine per year. All these data sets need to be for the same years [2007-2013 or 2014] . \n\nCreate an Excel file for your data and submit it with the first draft \n\nEstimation of demand is not requires for the first draft. That will be required after you get feedback on your first draft. \n\nPaper Guidelines:\n1. Technical Specifications: \na. Use standard fonts (12) and standard margins \nb. Page numbers start with the second page (page 2). \nc. Tables should be placed at the end of the paper, and pagination must be consecutive. Table should have consecutive numbers and a precise title. For example, your first table would be \”Table 1: TITLE\” and others will follow consecutively. \nd. Charts should also be organized as tables. Charts also should be organized just as tables are. \ne. Please DO NOT use quotations. \n\n2. Your paper should have the following sections and organized in that order.\na. Attach a cover sheet to include the title of the paper, your name and the due date for the first draft and the last draft, respectively. \n\nb. Include an outline: You must have an outline for the paper. The outline should be organized according to the sections described below, and any subsections you wish to add. This page will follow the cover sheet, before the first page.\n\n3. Include the following sections to organize your paper:\n1. Introduction: \nIn this section, you first describe the question you want to examine and then discuss how you plan to answer it. Then write an overview of what your paper will include (sections II-V). \n\nII. Literature: \nIn this section, you the findings of the two journal articles you are using for this research. \n\nIII. This Study: \nThis section will be for the main body of your paper. You need to describe your data, describe your estimation model, and the expected signs of each of the variables, include your regression output, describe your regression results [the sings and the magnitude of the coefficients, the t statistics, their significance levels, the P values and the R2 for the regression. You may need to use two models; one linear and one the LN version of the linear model. This section also should include your analyses and a discussion of your research findings. You should also summarize ALL tables and charts you have created for your research. \n\nIV. Summary and Conclusion: \nIn this section, you summarize all your research. Typically, you this section should be about half a page or one whole page. \n\nV. Bibliography: \nThe last section of your paper is for presenting the bibliography. This section will include sources you mention in the text of the paper AND your data sources. \n\nJournal articles should be listed alphabetically, by the last name of the first authors. Other sources should also be presented alphabetically. \n\nInternet sources should give the full URL specification and the date of your research. \n\nResearch Project Grade Distribution \n 10% for the theory of demand for residential solar energy, describing EACH variable clearly and the reason for its including in the demand estimation. And for describing the expected sign for EACH variable. \n\n\n 10% for literature review: two articles from secondary sources, if none is available through primary sources (need to show your effort for searching the literature).\n\n 40% for data accuracy and completeness: need to clearly describe the measure for each variable in the demand model. Need to have a correct measure for each of the variables. Need a complete data set for each variable for the period of study (cannot have missing dates). Presenting the basic statistics for your data. \n\n 30% for regression estimation of the demand model. Discuss the results for the signs of each variable and if they are as expected or NOT. Describe the value of each coefficient (describing the weight each has on demand). \n\n 10% for correctly following the template provided for the outline of the paper and the overall quality of the research.\n
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