PSS2001

This data set contains the series used by Pesaran et al. (2001) for estimating the UK earnings equation.
The clean format of the data retrieved from the Data Archive of Natsiopoulos and Tzeremes (2022).

datasets

Creates complex autoregressive distributed lag (ARDL) models and
constructs the underlying unrestricted and restricted error correction
model (ECM) automatically, just by providing the order. It also performs
the bounds-test for cointegration as described in Pesaran et al. (2001)
<doi:10.1002/jae.616> and provides the multipliers and the cointegrating
equation. The validity and the accuracy of this package have been verified
by successfully replicating the results of Pesaran et al. (2001) in
Natsiopoulos and Tzeremes (2022) <doi:10.1002/jae.2919>.

Kleanthis Natsiopoulos

ARDL

ARDL, ECM and Bounds-Test for Cointegration

Nickolaos Tzeremes

PSS2001 function

A time-series object with 112 rows and 7 variables. Time period from 1970:Q1
until 1997:Q4.<dl>
 <dt>w</dt>
<dd>real wage</dd> <dt>Prod</dt>
<dd>labor productivity</dd> <dt>UR</dt>
<dd>unemployment rate</dd> <dt>Wedge</dt>
<dd>wedge effect</dd> <dt>Union</dt>
<dd>union power</dd> <dt>D7475</dt>
<dd>income policies 1974:Q1-1975:Q4</dd> <dt>D7579</dt>
<dd>income policies 1975:Q1-1979:Q4</dd>
</dl>

Format

The UK earnings equation data from Pesaran et al. (2001) — PSS2001

A time-series object with 112 rows and 7 variables. Time period from 1970:Q1
until 1997:Q4.<dl>
 <dt>w</dt>
<dd>real wage</dd>

 <dt>Prod</dt>
<dd>labor productivity</dd>

 <dt>UR</dt>
<dd>unemployment rate</dd>

 <dt>Wedge</dt>
<dd>wedge effect</dd>

 <dt>Union</dt>
<dd>union power</dd>

 <dt>D7475</dt>
<dd>income policies 1974:Q1-1975:Q4</dd>

 <dt>D7579</dt>
<dd>income policies 1975:Q1-1979:Q4</dd>


</dl>

PSS2001: The UK earnings equation data from Pesaran et al. (2001)

Description

Usage

Arguments

Format

Details

References