createdata: Create data set for analysis.

In clptheory: Compute Price of Production and Labor Values

Create data set for analysis.

Description

This function creates the data objects (matrices, vectors and scalars) necessary to implement the SI and NI.

Usage

createdata(country, year, datasea, dataio)

Arguments

country	country code as a character (e.g. "USA").
year	year (eg. 2000).
datasea	the socio economic accounts (data frame).
dataio	the input-output (data frame).

Value

A list with the following elements:

Ahat	The input-output matrix
l	The direct labor input vector (complex labor)
l_simple	The direct labor input vector (simple labor)
Q	The gross output vector
wavg	The average or uniform nominal wage rate
wagevector_all	The vector of nominal wage rates
vlp	Value of labor power
b	The consumption or real wage bundle
pshare	Average profit share

References

Basu, Deepankar and Moraitis, Athanasios, "Alternative Approaches to Labor Values andPrices of Production: Theory and Evidence" (2023). Economics Department Working Paper Series. 347. URL: https://scholarworks.umass.edu/econ_workingpaper/347/

Examples

createdata(country="USA",year=2010,datasea=usasea,dataio=usaiot)

clptheory documentation built on April 4, 2023, 5:15 p.m.