The dynamics of labour demand of firm \(id\) in the United Kingdom in year \(year\) as a function of real product wages, gross capital stock and industry output. This is done using the data used by Arellano and Bond (1991).
A data frame with 813 rows and 16 variables
A survey of 1845 respondents using 3 waves of panel survey data from the 2010 British Election Study. The variables are as follows:
id case number
year time wave
n log of employment in firm id at time year
w natural log of the real product wage
k natural log of gross capital stock
ys natural log of industry output
l_w lag of w
l_k lag of k
l2_k two-step lag of k
l_ys lag of ys
l2_ys two-step lag of ys
yr1980..yr1984 time dummies
Arrelano M., and Bond S. (1991) Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations. Review of Economic Studies, 58(2), 277--297.