eu15 {gamlss.data}

GDP of 15 EU counties from 1960 to 2009

Description

The purpose of this data is to estimate the importance of labor, capital and useful energy in explaining economic growth (quantified by the GDP) of the EU 15 from 1960 to 2009. The response variable is the GDP while the indepedent variables are the labor, capital and useful energy. The EU 15 includes Austria, Belgium, Benmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembrourg, Netherlands, Portugal, Spain, Sweden and UK. The data was analysed by Voudouris et al.[2015].

Usage

data("eu15")

Format

A data frame with 50 observations on the following 5 variables.

Year

the year from 1960 to 2009

UsefulEnergy

the total amount of useful energy (energy that performs some short of work) for the EU 15 countries

GDP

the sum of the GDP of the EU 15 countries

Labor

the sum of total hours worked of the EU 15 countries.

Capital

the sum of the net capital stock of the EU 15 countries.

Source

Voudouris, V. Ayres, R. Serrenho, A. C. and Kiose, D. (2015) The economic growth enigma revisited: The EU-15 since the 1970s. Energy Policy.

Examples

data(eu15)