BrooksKurtz: Brooks and Kurtz (2012) Replication Data
Description
Replication data for Brooks and Kurtz (2012). Data structure is panels of Latin American countries from 1983-2007. Data contains measurements of capital account openness, capital account openness diffusion variables, and a variety of economic and financial controls.Format
A dataframe with the following variables:
country: country identifier (string).
conum: country identifier (numeric).
year: year identifier.
Dependent variable:
kaopen: capital account openness. Higher value indicates more open capital account.
Diffusion variables, constructed to be a weighted average of the lagged outcome variable for all countries in a given government's “neighborhood”. Proximity is defined via a weight matrix W such that the diffusion variable is constructed as $WY_{t-1}$. The weight matrix differs across the following diffusion variables. See pages 112-114 of Brooks and Kurtz (2012) for details.
ldiffpeer: baseline diffusion effect / all countries diffusion variable.
ldiffisi: import-substituting industrialization (ISI) peer diffusion variable.
ldiffgrowth: economic success diffusion variable.
ldiffinflation: inflation performance diffusion variable.
ldiffneg: negative learning diffusion variable.
ldiffembi: competition diffusion variable
limf: dummy variable that is equal to 1 if a country entered into an agreement with the IMF at time $t-1$.
Controls:
isi_objective: dummy variable for country-years with ISI policy.
partisan: partisanship coded as 0 for leftist, 1 for centrist, and 2 for conservative governments.
checks: checks on authority.
y1995: dummy for year 1995.
lngdpcap: log of GDP per capita.
lngdp: log of GDP.
timetrend: linear time trend.
brk: dummy for structural break in the data source for kaopen in 1996.
lusffr: US federal funds rate at time $t-1$.
linflation: log of inflation at time $t-1$.
lbankra: bank reserve-to-asset ratio at time $t-1$.
lcab: current account deficit at time $t-1$.
lgrowth: growth of per capita GDP at time $t-1$.
ltradebalance: trade deficit at time $t-1$.
Source
Brooks, Sarah M. and Marcus J. Kurtz. 2012. “Paths to Financial Policy Diffusion: Statist Legacies in Latin America's Globalization.” International Organization 66:95-128.See Also
panelAR. Run demo(BrooksKurtz) for examples which use BrooksKurtz.