DemocracyIncome {pder} | R Documentation |
The Relation Between Democraty and Income
Description
5-yearly observations of 211 countries from 1950 to 2000
number of observations : 2321
number of time-series : 11
country : world
package : panel
JEL codes: D72, O47
Chapter : 02, 07
Usage
data(DemocracyIncome)
Format
A dataframe containing:
- country
country
- year
the starting year of the 5-years period
- democracy
democracy index
- income
the log of the gdp per capita
- sample
a dummy variable to select the subset used in the original article
Source
American Economic Association Data Archive : https://www.aeaweb.org/aer/
References
Daron Acemoglu, Simon Johnson, James A. Robinson and Pierre Yared (2008) “Income and Democracy”, American Economic Review, 98(3), 808-842, doi: 10.1257/aer.98.3.808 .
Examples
#### Example 7-1
## ------------------------------------------------------------------------
## Not run:
data("DemocracyIncome", package = "pder")
## ------------------------------------------------------------------------
data("DemocracyIncome", package="pder")
set.seed(1)
di2000 <- subset(DemocracyIncome, year == 2000,
select = c("democracy", "income", "country"))
di2000 <- na.omit(di2000)
di2000$country <- as.character(di2000$country)
di2000$country[- c(2,5, 23, 16, 17, 22, 71, 125, 37, 43, 44,
79, 98, 105, 50, 120, 81, 129, 57, 58,99)] <- NA
if(requireNamespace("ggplot2")){
library("ggplot2")
ggplot(di2000, aes(income, democracy, label = country)) +
geom_point(size = 0.4) +
geom_text(aes(y= democracy + sample(0.03 * c(-1, 1),
nrow(di2000), replace = TRUE)),
size = 2) +
theme(legend.text = element_text(size = 6),
legend.title= element_text(size = 8),
axis.title = element_text(size = 8),
axis.text = element_text(size = 6))
}
## ------------------------------------------------------------------------
library("plm")
pdim(DemocracyIncome)
head(DemocracyIncome, 4)
#### Example 7-2
## ------------------------------------------------------------------------
mco <- plm(democracy ~ lag(democracy) + lag(income) + year - 1,
DemocracyIncome, index = c("country", "year"),
model = "pooling", subset = sample == 1)
## ------------------------------------------------------------------------
mco <- plm(democracy ~ lag(democracy) + lag(income),
DemocracyIncome, index = c("country", "year"),
model = "within", effect = "time",
subset = sample == 1)
coef(summary(mco))
#### Example 7-3
## ------------------------------------------------------------------------
within <- update(mco, effect = "twoways")
coef(summary(within))
#### Example 7-4
## ------------------------------------------------------------------------
ahsiao <- plm(diff(democracy) ~ lag(diff(democracy)) +
lag(diff(income)) + year - 1 |
lag(democracy, 2) + lag(income, 2) + year - 1,
DemocracyIncome, index = c("country", "year"),
model = "pooling", subset = sample == 1)
coef(summary(ahsiao))[1:2, ]
#### Example 7-5
## ------------------------------------------------------------------------
diff1 <- pgmm(democracy ~ lag(democracy) + lag(income) |
lag(democracy, 2:99)| lag(income, 2),
DemocracyIncome, index=c("country", "year"),
model="onestep", effect="twoways", subset = sample == 1)
coef(summary(diff1))
## ------------------------------------------------------------------------
diff2 <- update(diff1, model = "twosteps")
coef(summary(diff2))
#### Example 7-7
## ------------------------------------------------------------------------
sys2 <- pgmm(democracy ~ lag(democracy) + lag(income) |
lag(democracy, 2:99)| lag(income, 2),
DemocracyIncome, index = c("country", "year"),
model = "twosteps", effect = "twoways",
transformation = "ld")
coef(summary(sys2))
#### Example 7-8
## ------------------------------------------------------------------------
sqrt(diag(vcov(diff2)))[1:2]
sqrt(diag(vcovHC(diff2)))[1:2]
#### Example 7-10
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mtest(diff2, order = 2)
#### Example 7-9
## ------------------------------------------------------------------------
sargan(diff2)
sargan(sys2)
## End(Not run)
[Package pder version 1.0-2 Index]