AER (version 1.2-13)

TechChange: Technological Change Data

Description

US time series data, 1909--1949.

Usage

data("TechChange")

Format

An annual multiple time series from 1909 to 1949 with 3 variables.

output

Output.

clr

Capital/labor ratio.

technology

Index of technology.

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

 if(!requireNamespace("strucchange")) {
  if(interactive() || is.na(Sys.getenv("_R_CHECK_PACKAGE_NAME_", NA))) {
    stop("not all packages required for the example are installed")
  } else q() }
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)

library("strucchange")
sctest(I(output/technology) ~ log(clr), data = TechChange, type = "Chow", point = c(1942, 1))