AER (version 0.2-2)

TechChange: Technological Change Data

Description

US time-series data, 1909--1949.

Usage

data("TechChange")

source

Online complements to Greene (2003), Table F7.2. http://pages.stern.nyu.edu/~wgreene/Text/tables/tablelist5.htm

References

Greene, W.H. (2003). Econometric Analysis, 5th edition. Upper Saddle River, NJ: Prentice Hall. Solow, R. (1957). Technical Change and the Aggregate Production Function. Review of Economics and Statistics, 39, 312--320.

See Also

Greene2003

Examples

data("TechChange")

## Greene (2003)
## Exercise 7.1
fm1 <- lm(I(output/technology) ~ log(clr), data = TechChange)
fm2 <- lm(I(output/technology) ~ I(1/clr), data = TechChange)
fm3 <- lm(log(output/technology) ~ log(clr), data = TechChange)
fm4 <- lm(log(output/technology) ~ I(1/clr), data = TechChange)

## Exercise 7.2 (a) and (c)
plot(I(output/technology) ~ clr, data = TechChange)
sctest(I(output/technology) ~ log(clr), data = TechChange, type = "Chow", point = c(1942, 1))