Description Usage Format Source Examples
Some macroeconomic variables from 76 countries
1 | data("brumm")
|
A data frame with 76 observations on the following 7 variables.
money
growth rate of money supply = change ln(m)
inflat
growth rate of prices = change ln(p)
output
growth rate of output = change ln(q)
initial
initial level of GDP per capita
poprate
average population growth rate
inv
average investment share of GDP
school
a measure of the population's educational attainment
The authors kindly thank Harold J. Brumm for providing the data used in his article "Money Growth, Output Growth, and Inflation: A Reexamination of the Modern Quantity Theory's Linchpin Prediction," Southern Economic Journal, 2005, 71(3), 661-667.
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