INFO 2950 Final Project

Preregistration of analyses

Analysis #1

Research Question: How does population growth, population density, and GDP per capita (in USD) effect foreign direct investment flowing inwards and outwards for there UN Security Council of the years 2000 to 2020?

Null Hypothesis: There is no significant relationship between population growth, population density, and GDP per capita and foreign direct investment flowing inwards and outwards for the UN Security Council from 2000 to 2020. Thus, zero is in our confidence interval.

Alternative Hypothesis: There is a relationship between population growth, population density, and GDP per capita and foreign direct investment flowing inwards and outwards for the UN Security Council from 2000 to 2020.Thus, zero is not in our confidence interval.

The alpha value is set to be 0.05, and we want a 95% confidence interval.

Conclusion: This data is important because it highlights the significant role that population growth, population density, and GDP per capita play in attracting foreign direct investment. Understanding these relationships can help policymakers make informed decisions on how to improve their countries’ economies and attract more FDI. Furthermore, this study’s focus on the UN Security Council from 2000 to 2020 provides valuable insights into how these variables affect FDI in a global context.

The research question was developed based on the need to understand the relationship between population growth, population density, and GDP per capita and foreign direct investment. This question was important because it allowed for the investigation of whether or not these variables have a significant impact on FDI in a global context. By analyzing data from the UN Security Council from 2000 to 2020, this study was able to provide valuable insights into these relationships.

Relevancy to the project: Finally, this study on the UN security Councli can be extended to examine if population growth, population density, and GDP capita and foreign direct investment can help us determine if a relationship between these factors aids in a country like Japan or Mexico to be elected 4 different times between 2000 to 2020.

Analysis #2

Research Question: How do different policies and economic systems (such as socialism, capitalism, and mixed economies) affect GDP growth and development in different countries, and what are the trade-offs associated with these different approaches?

Analysis: Do different policies and economic systems (such as socialism, capitalism, and mixed economies) have a significant effect on GDP growth and development in different countries, and what are the trade-offs associated with these different approaches?

  • Null hypothesis: Different policies and economic systems do not have a significant effect on GDP growth and development in different countries, and there are no significant trade-offs associated with these different approaches.
    • \[ H_0 : \mu_1 = \mu_2 = \mu_3 = \mu_4 = .... \mu_n\]where \(\mu_i\) represents the mean effect of the i’ th policy or economic system on GDP growth and development in different countries, and there are no significant trade-offs associated with these different approaches.
  • Alternative hypothesis: Different policies and economic systems have a significant effect on GDP growth and development in different countries, and there are significant trade-offs associated with these different approaches.
    • \(H_A\) : at least one of the means \(\mu_i\) is different from the others, indicating that different policies and economic systems have a significant effect on GDP growth and development in different countries, and there are significant trade-offs associated with these different approaches.

Conclusion: The data is significant as it can help us identify the trade-offs associated with different policy and economic approaches. For example, some policies may be effective in promoting short-term economic growth, but may have negative long-term impacts on social and environmental factors. By analyzing the data, we can identify these trade-offs and make informed decisions that balance economic growth with other important factors. Moreover, understanding the relationship between policies and economic systems and economic growth and development can also help us understand the factors that contribute to income inequality and poverty, and guide efforts to address these issues.

This analysis highlights the importance of understanding the impact of different policies and economic systems on GDP growth and development in different countries. Policymakers can use these findings to inform their decision-making and consider the trade-offs associated with different approaches. However, it’s important to note that the analysis is limited by the data available and the scope of the study. Future research could expand on these findings by incorporating additional variables and conducting more in-depth analysis.

Relevancy to the project: This study would allow us to see how policy and economic approaches allowed some countries to be elected into the UN security council for more than once between the years 2000 and 2020. Could policies and economic approaches allowed Japan to be elected multiple times through those two decades.