DemocracyIncome25: The Relation Between Democraty and Income

In pder: Panel Data Econometrics with R

Description

25-yearly observations of 25 countries from 1850 to 2000

number of observations : 175

number of time-series : 7

country : world

package : panel

JEL codes: D72, O47

Chapter : 02, 07

Usage

data(DemocracyIncome25)

Format

A dataframe containing:

country

country

year

the starting year of the 5-years period

democracy

democracy index

income

the log of the gdp per capita

Source

American Economic Association Data Archive : https://www.aeaweb.org/aer/

References

Daron Acemoglu, Simon Johnson, James A. Robinson and Pierre Yared (2008) “Income and Democracy”, American Economic Review, 98(3), 808-842, doi: 10.1257/aer.98.3.808 .

Examples

#### Example 2-7

## ------------------------------------------------------------------------
library("plm")
data("DemocracyIncome25", package = "pder")
DI <- pdata.frame(DemocracyIncome25)
summary(lag(DI$income))
ercomp(democracy ~ lag(income), DI)
models <- c("within", "random", "pooling", "between")
sapply(models, function(x)
       coef(plm(democracy ~ lag(income), DI, model = x))["lag(income)"])


#### Example 7-6

## ------------------------------------------------------------------------
data("DemocracyIncome25", package = "pder")
pdim(DemocracyIncome25)

## ------------------------------------------------------------------------
diff25 <- pgmm(democracy ~ lag(democracy) + lag(income) |
               lag(democracy, 2:99) + lag(income, 2:99),
               DemocracyIncome25, model = "twosteps")

## ------------------------------------------------------------------------
diff25lim <- pgmm(democracy ~ lag(democracy) + lag(income) | 
                  lag(democracy, 2:4)+ lag(income, 2:4),
                  DemocracyIncome25, index=c("country", "year"), 
                  model="twosteps", effect="twoways", subset = sample == 1)
diff25coll <- pgmm(democracy ~ lag(democracy) + lag(income) | 
                   lag(democracy, 2:99)+ lag(income, 2:99),
                   DemocracyIncome25, index=c("country", "year"), 
                   model="twosteps", effect="twoways", subset = sample == 1,
                   collapse = TRUE)
sapply(list(diff25, diff25lim, diff25coll), function(x) coef(x)[1:2])

#### Example 7-9

## ------------------------------------------------------------------------
sapply(list(diff25, diff25lim, diff25coll), 
       function(x) sargan(x)[["p.value"]])

pder documentation built on Jan. 27, 2022, 1:12 a.m.