Once you have selected your research question and/or hypothesis, you need to perform a literature review. A literature review is critical in answering the following questions:
1.What has been done on this topic?
2.Has anyone specifically addressed this question/hypothesis?
3.What are the typical empirical methodologies being used in this area?
4.What data sets are being used in this area (or does data even exist for it)?
5.If something has been done addressing this question/hypothesis, is there a way I can modify my idea to expand upon it, or are there flaws in the way the current literature approaches the question/hypothesis that I can address?
Just like the study of economics itself, performing a satisfactory ...