Economic research paper

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DraftPaperComments1.docx

Title: Challenges to Balance of Payments Collection and the Effect on Investment Business

RUBRIC 1. ASSESSMENT of PRESENTATION and DRAFT PAPER: In addition to

making detailed comments on the paper itself, students should fill out the column on the Draft Paper. I will also make comments on the paper and fill out the column on the Presentation.

Indicate N/A where the issue is not applicable.

Issue

Score (1 to 5)

Comments

Presentation

Draft Paper

Description of the

topic

5

Literature

review/Previous studies

5

Theory

3

Comments are provided in separate page

Analysis

3

Comments are provided in separate page

Economic content

3

Comments are provided in separate page

Charts and Tables

3

Comments are provided in separate page

Asking and answering questions

4

Comments are provided in separate page

References

5

Overall assessment

3.625

Suggested rating system:

5 – Exceptional: Paper is comprehensive and structure follows logically; theory is presented and interpreted accurately; thoroughly evaluates previous research and all references are in paper; demonstrates understanding of economic analysis, charts are clear and informative, no typos or grammatical errors, references are complete and in required format, exceptional preparation.

4 – Above average – Paper presents most of the material and follows the structure; theory presented and interpreted with satisfactory understanding; previous research evaluated but some references are missing from paper; good understanding of economic analysis, charts are clear but missing some explanation; a few typos and grammatical errors; references are nearly complete and most are in standard format, good preparation and presentation.

3 – Average – Paper presents material and follows some of the structure; theory is presented with basic interpretation; adequate literature review, some errors in economic analysis, charts are good; some typos and grammatical errors; some references and not all are in standard format, well prepared.

2 – Below average – Paper shows basic economic analysis and follows structure; theory presented but without interpretation, literature review is minimal; many errors in economic analysis; charts are adequate; many typos and grammatical errors; few references and not in standard format, some preparation is lacking

1 – Insufficient – Paper does not present an economic argument and doesn’t follow the assigned structure, theory is not presented, there is no review of literature, flawed economic analysis, charts are not clear and/or missing, numerous typos, few or no references and not in standard format, clear neglect in conducting the project.

1

Comments

Your topic is very relevant and you explored relevant bibliography. However, you have work to do on your empirical analysis. My comments are as follows:

· You provide sufficient explanations on why the issue you address is important. However, you should be clearer on the questions you would like to address. The title of your paper refers to effects on international business, but your empirical analysis does not show any work in this area.

· You should be more specific on how your paper extends the body of knowledge.

· My major concern is on your empirical analysis. Your regression is not meaningful because you are estimating an identity. A possibility is for you to focus on identifying, quantifying, and explaining the statistical discrepancies in the BOP of China and the US. You could look at the following sources for guidance:

· https:// www.imf.org/external/pubs/ft/bop/2016/pdf/16-12.pdf

· https:// www.federalreserve.gov/pubs/ifdp/2000/678/ifdp678.pdf

· https://economic-research.bnpparibas.com/html/en-US/China-external-accounts- transition-7/23/2015,25853

· https://rhg.com/research/foreign-investment-in-china-a-tale-of-two-statistics/

Another possibility is for you to focus on discrepancies in bilateral transactions between China and the US. To my knowledge, given limitations in available data, you would need to focus on discrepancies in trade data, using data from the IMF Direction of Trade Statistics. You could compare, for instance, exports from China to the USA with imports from China by the USA and identify and quantify discrepancies. The following sources could be useful:

o http://data.imf.org/?sk=9D6028D4-F14A-464C-A2F2-59B2CD424B85

· http://datahelp.imf.org/knowledgebase/articles/484353-why-do-the-exports-of- country-a-to-country-b-not-e

· https://www.gfintegrity.org/are-bilateral-trade-statistics-unreliable/

· In presenting your empirical results, you should describe your variables and the significance of your results. In the text, you should provide an intuitive explanation of your results and provide technical details in an annex (or refer to bibliography that provide such technical details on the empirical techniques).

· You should identify in your concluding section possible areas for future research.