Tiểu luận = tiếng anh đại học ngoại thương - Econometrics AssignmentTHE FACTORS AFFECTING MONTHLY EXPENDITURE OF FTU’S STUDENT

I. INTRODUCTION

Vietnam in recent years, along with nearly 200 countries around the world, has been integrating into the trend of globalization and exercising national campaigns towards the overall development in economic, political, social and cultural aspects. In this context, human capital is considered one of the key factors for Vietnam’s long-term revolution, and it is university students that make up an indispensable part in the domestic labor force in the future.

Regarded as one of the most privileged universities in Vietnam, Hanoi Foreign Trade University has long attracted thousands of students from North to South every year. Each student, as a matter of fact, has his own family background, distinctive personalities as well as certain level of knowledge and experience. Such factors, certainly, have significant impacts on students’ daily life, in which students’ expenditure should be mentioned first of all.

Therefore, after taking everything into consideration, we decided to choose and study the project: “THE FACTORS AFFECTING MONTHLY EXPENDITURE OF FTU’S STUDENT”. Although the government has tried to implement financial aid programs for university learners, we, especially those coming from provincial areas, have still met many difficulties in managing our spending every day. It is really not easy to allocate our limited source of money into a range of activities in the most effective way. Thus through our project, we would like to provide you with more in-depth understanding about some main factors dominating daily spending of FTU’s students. We hope that arguments and statistics in this project will be helpful for you in drawing a reasonable plan of expenditure for the time being.

TABLE OF CONTENTS

Page

I. INTRODUCTION 1

II. METHODOLOGY . 2

1. DEFINITION . 2

1.1. Income 2

1.2. Expenditure 3

2. THEORIES OF CONSUMERS’ BEHAVIOR . 3

3. THE KEYNESIAN CONSUMPTION FUNCTION 5

III. ECONOMETRIC MODEL . 7

1. MODEL CONSTRUCTION . 7

2. COEFFICIENTS PREDICTION 8

IV. DATA DESCRIPTION . 9

V. EMPERICAL RESULTS 13

1. USING THE ABOVE DATA TO ESTIMATE

THE REGRESSION MODEL BY OLS METHOD 13

2. MEANING OF THE REGRESSION COEFFICIENTS 14

3. TESTING THE SIGNIFICANCE OF THE

REGRESSION COEFFICIENTS AND THE

RELEVANCE OF THE REGRESSION FUNCTION . 14

4. FIRST CURE: FOR THE REGRESSION MODEL 17

5. TESTING THE CONFORMITY WITH

THE ASSUMPTIONS OF OLS METHOD . 21

6. SECOND CURE: FOR THE HETEROSKEDASTICITY . 23

7. FINAL REGRESSION MODEL 28

VI. CONCLUSION . 29

VII. REFERENCES 30