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plm (version 1.5-12)

Parity: Purchasing Power Parity and other parity relationships

Description

A panel of 104 quarterly observations from 1973Q1 to 1998Q4

total number of observations : 1768

observation : country

country : OECD

Usage

data(Parity)

Arguments

Format

A data frame containing :
country
country codes: a factor with 17 levels
time
the quarter index, 1973Q1-1998Q4
ls
log spot exchange rate vs. USD
lp
log price level
is
short term interest rate
il
long term interest rate
ld
log price differential vs. USA
uis
U.S. short term interest rate
uil
U.S. long term interest rate

Source

Coakley, J., Fuertes, A. M., and Smith, R. (2006) “Unobserved heterogeneity in panel time series models”, Computational Statistics & Data Analysis, 50(9), 2361--2380.

References

Coakley, J., Fuertes, A. M., and Smith, R. (2006) “Unobserved heterogeneity in panel time series models”, Computational Statistics & Data Analysis, 50(9), 2361--2380.

Driscoll, J. C., and Kraay, A. C. (1998). “Consistent covariance matrix estimation with spatially dependent panel data”, Review of economics and statistics, 80(4), 549--560.