VGAM (version 0.9-1)

gew: General Electric and Westinghouse Data

Description

General Electric and Westinghouse capital data.

Usage

data(gew)

source

Table 10 of: Boot, J. C. G. and de Wit, G. M. (1960) Investment Demand: An Empirical Contribution to the Aggregation Problem. International Economic Review, 1, 3--30.

Grunfeld, Y. (1958) The Determinants of Corporate Investment. Unpublished PhD Thesis (Chicago).

Details

These data are a subset of a table in Boot and de Wit (1960), also known as the Grunfeld data. It is used a lot in econometrics, e.g., for seemingly unrelated regressions (see SUR).

Here, $P_1 =$ Implicit price deflator of producers durable equipment (base 1947), $P_2 =$ Implicit price deflator of G.N.P. (base 1947), $P_3 =$ Depreciation expense deflator = ten years moving average of wholesale price index of metals and metal products (base 1947).

References

Zellner, A. (1962) An efficient method of estimating seemingly unrelated regressions and tests for aggregation bias. Journal of the American Statistical Association, 57, 348--368.

See Also

SUR, http://statmath.wu.ac.at/~zeileis/grunfeld.

Examples

str(gew)