TechChange | R Documentation |
Technological Change Data
Description
US time series data, 1909–1949.
Usage
data("TechChange")
Format
An annual multiple time series from 1909 to 1949 with 3 variables.
- output
Output.
- clr
Capital/labor ratio.
- technology
Index of technology.
Source
Online complements to Greene (2003), Table F7.2.
https://pages.stern.nyu.edu/~wgreene/Text/tables/tablelist5.htm
References
Greene, W.H. (2003). Econometric Analysis, 5th edition. Upper Saddle River, NJ: Prentice Hall.
Solow, R. (1957). Technical Change and the Aggregate Production Function. Review of Economics and Statistics, 39, 312–320.
See Also
Greene2003
Examples
data("TechChange")
## Greene (2003)
## Exercise 7.1
fm1 <- lm(I(output/technology) ~ log(clr), data = TechChange)
fm2 <- lm(I(output/technology) ~ I(1/clr), data = TechChange)
fm3 <- lm(log(output/technology) ~ log(clr), data = TechChange)
fm4 <- lm(log(output/technology) ~ I(1/clr), data = TechChange)
## Exercise 7.2 (a) and (c)
plot(I(output/technology) ~ clr, data = TechChange)
library("strucchange")
sctest(I(output/technology) ~ log(clr), data = TechChange, type = "Chow", point = c(1942, 1))