daExp {erer} | R Documentation |
Expenditure Data for a Hausman Test in AIDS Model
Description
This data set contains seven monthly times series for expenditure from 2001 to 2008.
pinc | Billions of dollars, personal income |
dpi | Billions of dollars, disposable personal income |
pce | Billions of dollars, personal consumption expenditures |
dg | Billions of dollars, Personal consumption expenditures for durable goods |
rdpi | Billions of dollars, real disposable personal income |
rpce | Billions of dollars, real personal consumption expenditures |
rdg | Billions of dollars, real personal consumption expenditures for durable goods |
Usage
data(daExp)
Format
Monthly time series from Janurary 2001 to December 2008 with 96 observations for each of the seven variables.
Details
This is the data set for conducting a Hausman test in a static AIDS model, as detailed in Wan et al. (2010). The test focuses on whether the expenditure variable in a AIDS model is exogenous or not. Each of the seven expenditure data can be used as an instrumental variable in an auxiliary regression.
Source
Federal Reserve Bank of St. Louis. Economic Data - Fred. Internet site: http://stlouisfed.org (Accessed February 25, 2010).
References
Wan, Y., C. Sun, and D.L. Grebner. 2010. Analysis of import demand for wooden beds in the United States. Journal of Agricultural and Applied Economics 42(4):643-658.
Examples
data(daExp)
class(daExp); dim(daExp); colnames(daExp)
daExp