sem (version 0.9-13)

Klein: Klein's Data on the U. S. Economy

Description

Data for Klein's (1950) simple econometric model of the U. S. economy. The Klein data frame has 22 rows and 10 columns.

Usage

data(Klein)

source

Greene, W. H. (1993) Econometric Analysis, Second Edition. Macmillan.

References

Klein, L. (1950) Economic Fluctuations in the United States 1921--1941. Wiley.

Examples

data(Klein)

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))