LateBudgets: Late Budgets

In pder: Panel Data Econometrics with R

Description

yearly observations of 48 States from 1978 to 2007

number of observations : 1440

number of time-series : 30

country : United States

package : limdeppanel

JEL codes: C78, D72, H61, H72

Chapter : 08

Usage

data(LateBudgets)

Format

A dataframe containing:

state

the state

year

the year

late

late budget ?

dayslate

number of days late for the budget

unempdiff

unemployment variation

splitbranch

split branch

splitleg

split legislature

elecyear

election year

endbalance

end of year balances in the general fund and stabilization fund

demgov

democrat governor ?

lameduck

lameduck

govexp

number of years since the incumbent governor took office

newgov

new governor ?

pop

the polulation

kids

percentage of population aged 5-17

elderly

percentage of population aged 65 or older

nocarry

does the state law does not allow a budget deficit to be carried over to the next fiscal year ?

supmaj

is a super majority required to pass each budget ?

fulltimeleg

full time legislature ?

shutdown

shutdown provision ?

black

percentage of blacks

graduate

percentage of graduates

censusresp

census response rate

fiveyear

five year dummies, one of '93-97', '98-02', '03-07'

deadline

is there a deadline ? one of 'none', 'soft' and 'hard'

Source

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

References

Andersen, Asger Lau; Lassen, David Dreyer and Lasse Holboll Westh Nielsen (2012) “Late Budgets”, American Economic Journal, Economic Policy, 4(4), 1-40, doi: 10.1257/pol.4.4.1 .

Examples

#### Example 8-4

## ------------------------------------------------------------------------
data("LateBudgets", package = "pder")
library("plm")
LateBudgets$dayslatepos <- pmax(LateBudgets$dayslate, 0)
LateBudgets$divgov <- with(LateBudgets, 
                           factor(splitbranch == "yes" | 
                                  splitleg == "yes", 
                                  labels = c("no", "yes")))
LateBudgets$unemprise <- pmax(LateBudgets$unempdiff, 0)
LateBudgets$unempfall <- - pmin(LateBudgets$unempdiff, 0)
form <- dayslatepos ~ unemprise + unempfall + divgov + elecyear + 
    pop + fulltimeleg + shutdown + censusresp + endbalance + kids + 
    elderly + demgov + lameduck + newgov + govexp + nocarry + 
    supmaj + black + graduate

## ------------------------------------------------------------------------
FEtobit <- pldv(form, LateBudgets)
summary(FEtobit)

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