data.income: Income Per Capita

In desk: Didactic Econometrics Starter Kit

Income Per Capita

Description

This data set describes major macroeconomic variables determining the differences in per capita income of 75 countries in 1985.

Usage

data.income

Format

A data frame with 75 observations on the following three variables:

loginc	logarithmic per capita income.
logsave	logarithmic savings rate.
logsum	logarithmic sum of population growth rate, technical progress and capital depreciation.

Details

In Auer (2023, Chap. 19) and Auer et al. (2023, Chap. 19) these data are used to illustrate the detection and consequences of error terms that are not normally distributed.

Source

Mankiw, N.G., Romer, D. & Weil, D.N. (1992): A Contribution to the Empirics of Economic Growth. Quarterly Journal of Economics, 107, 407-437

Summers, R., Heston, A. (1988): A new set of International Comparisons of Real Product and Price Levels Estimates for 130 Countries, 1950–1985, Review of Income and Wealth, 34(1), 1-25

References

Auer, L.v. (2023): Ökonometrie - Eine Einführung, 8th ed., Springer-Gabler (https://www.oekonometrie-lernen.de).

Auer, L.v., Hoffmann, S. & Kranz, T. (2023): Ökonometrie - Das R-Arbeitsbuch, 2nd ed., Springer-Gabler (https://www.oekonometrie-lernen.de).

desk documentation built on May 29, 2024, 6:05 a.m.