Klein's Data on the U. S. Economy
Data for Klein's (1950) simple econometric model of the U. S. economy.
The Klein data frame has 22 rows and 10 columns.
Klein
This data frame contains the following columns:
1921–1941
consumption.
private profits.
private wages.
investment.
capital stock, lagged one year.
equilibrium demand.
government wages.
government non-wage spending.
indirect business taxes and net exports.
Greene, W. H. (1993) Econometric Analysis, Second Edition. Macmillan.
Klein, L. (1950) Economic Fluctuations in the United States 1921–1941. Wiley.
Klein$P.lag <- c(NA, Klein$P[-22])
Klein$X.lag <- c(NA, Klein$X[-22])
summary(tsls(C ~ P + P.lag + I(Wp + Wg),
instruments=~1 + G + T + Wg + I(Year - 1931) + K.lag + P.lag + X.lag,
data=Klein))
summary(tsls(I ~ P + P.lag + K.lag,
instruments=~1 + G + T + Wg + I(Year - 1931) + K.lag + P.lag + X.lag,
data=Klein))
summary(tsls(Wp ~ X + X.lag + I(Year - 1931),
instruments=~1 + G + T + Wg + I(Year - 1931) + K.lag + P.lag + X.lag,
data=Klein))Please choose more modern alternatives, such as Google Chrome or Mozilla Firefox.