CHAPTER 6

Data Collection and Formatting

In Chapter 2 we ran some regressions using data collected from the World Bank’s World Development Indicators database. This data is freely available at www.worldbank.org. But it is only one of literally hundreds of databases available to the public for free. Obviously, what data you choose will be determined by your topic, question, and/or hypothesis. The novice researcher should keep several other factors in mind when searching for an appropriate data set to use for their empirical work: the type of data (time series, cross-sectional, panel; frequency of data collection), the accuracy of the data (who is it collected by; how is it collected), and the usability of the data (formatting data from one source; ...

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