R: Klein Model I

KleinI {AER} | R Documentation

## Klein Model I

### Description

Klein's Model I for the US economy.

### Usage

    data("KleinI")

### Format

An annual multiple time series from 1920 to 1941 with 9 variables.

consumption

  Consumption.

cprofits

  Corporate profits.

pwage

  Private wage bill.

invest

  Investment.

capital

  Previous year's capital stock.

gnp

  Gross national product.

gwage

  Government wage bill.

gexpenditure

  Government spending.

taxes

  Taxes.

### Source

Online complements to Greene (2003). Table F15.1.

http://pages.stern.nyu.edu/~wgreene/Text/tables/tablelist5.htm

### References

Greene, W.H. (2003). Econometric Analysis, 5th edition. Upper Saddle River, NJ: Prentice Hall.

Klein, L. (1950). Economic Fluctuations in the United States, 1921–1941. New York: John Wiley.

Maddala, G.S. (1977). Econometrics. New York: McGraw-Hill.

### See Also

`Greene2003`

### Examples

    data("KleinI", package = "AER")
    plot(KleinI)

    ## Greene (2003), Tab. 15.3, OLS
    library("dynlm")
    fm_cons <- dynlm(consumption ~ cprofits + L(cprofits) + I(pwage + gwage), data = KleinI)
    fm_inv <- dynlm(invest ~ cprofits + L(cprofits) + capital, data = KleinI)
    fm_pwage <- dynlm(pwage ~ gnp + L(gnp) + I(time(gnp) - 1931), data = KleinI)
    summary(fm_cons)
    summary(fm_inv)
    summary(fm_pwage)

    ## More examples can be found in:
    ## help("Greene2003")

[Package AER version 1.2-5 Index]