data1 {OptSig}

Data for the U.S. production function estimation

Description

US production, captal, labour in natrual logs for the year 2005

Usage

data("data1")

Format

A data frame with 51 observations on the following 3 variables.

lnoutput

natrual log of output

lnlabor

natrual log of labor

lncapital

natrual log of capital

Details

The data contains 51 observations for 50 US states and Washington DC

Source

Gujarati, D. 2015, Econometrics by Example, Second edition, Palgrave.

References

See Section 2.2 of Gujarari (2015)

Kim and Choi, 2020, Choosing the Level of Significance: A Decision-theoretic Approach, Abacus: a Journal of Accounting, Finance and Business Studies. Wiley. <https://doi.org/10.1111/abac.12172>

Examples

data(data1)