AER (version 0.2-2)

GrowthDJ: Determinants of Economic Growth

Description

Growth regression data as provided by Durlauf & Johnson (1995).

Usage

data("GrowthDJ")

encoding

latin1

source

Journal of Applied Econometrics Data Archive.

http://www.econ.queensu.ca/jae/1995-v10.4/durlauf-johnson/

Details

The data are derived from the Penn World Table 4.0 and are given in Mankiw, Romer and Weil (1992), except literacy60 that is from the World Bank's World Development Report.

References

Durlauf, S.N., and Johnson, P.A. (1995). Multiple Regimes and Cross-Country Growth Behavior. Journal of Applied Econometrics, 10, 365--384.

Koenker, R., and Zeileis, A. (2007). Reproducible Econometric Research (A Critical Review of the State of the Art). Report 60, Department of Statistics and Mathematics, Wirtschaftsuniversit�t Wien, Research Report Series. http://epub.wu-wien.ac.at/.

Mankiw, N.G, Romer, D., and Weil, D.N. (1992). A Contribution to the Empirics of Economic Growth. Quarterly Journal of Economics, 107, 407--437.

Masanjala, W.H., and Papageorgiou, C. (2004). The Solow Model with CES Technology: Nonlinearities and Parameter Heterogeneity. Journal of Applied Econometrics, 19, 171--201.

See Also

OECDGrowth, GrowthSW

Examples

## data for non-oil-producing countries
data("GrowthDJ")
dj <- subset(GrowthDJ, oil == "no")
## Different scalings have been used by different authors,
## different types of standard errors, etc.,
## see Koenker & Zeileis (2007) for an overview

## Durlauf & Johnson (1995), Table II
mrw_model <- I(log(gdp85) - log(gdp60)) ~ log(gdp60) +
  log(invest/100) + log(popgrowth/100 + 0.05) + log(school/100)
dj_mrw <- lm(mrw_model, data = dj)
coeftest(dj_mrw) 

dj_model <- I(log(gdp85) - log(gdp60)) ~ log(gdp60) +
  log(invest) + log(popgrowth/100 + 0.05) + log(school)
dj_sub1 <- lm(dj_model, data = dj, subset = gdp60 < 1800 & literacy60 < 50)
coeftest(dj_sub1, vcov = sandwich)

dj_sub2 <- lm(dj_model, data = dj, subset = gdp60 >= 1800 & literacy60 >= 50)
coeftest(dj_sub2, vcov = sandwich)