A balanced panel of 10 observational units (firms) from 1935 to 1954
A data frame containing :
firm
observation
year
date
inv
gross Investment
value
value of the firm
capital
stock of plant and equipment
Details
total number of observations : 200
observation : production units
country : United States
Note
The Grunfeld data as provided in package plm is the same data as used in Baltagi (2001), see Examples below.
NB: Various versions of the Grunfeld data circulate online. Also, various text books (and also varying among editions) and papers use different subsets of the original Grunfeld data, some of which contain errors in a few data points compared to the original data used by Grunfeld (1958) in his PhD thesis. See Kleiber/Zeileis (2010) and its accompanying website for a comparison of various Grunfeld data sets in use.
Source
Online complements to Baltagi (2001):
http://www.wiley.com/legacy/wileychi/baltagi/
http://www.wiley.com/legacy/wileychi/baltagi/supp/Grunfeld.fil
Online complements to Baltagi (2013):
http://bcs.wiley.com/he-bcs/Books?action=resource&bcsId=4338&itemId=1118672321&resourceId=13452
References
Baltagi B (2001). Econometric Analysis of Panel Data, 3rd edition. John Wiley and Sons ltd.
Baltagi B (2013). Econometric Analysis of Panel Data, 5th edition. John Wiley and Sons ltd.
Grunfeld Y (1958). The determinants of corporate investment. Ph.D. thesis, Department of Economics, University of Chicago.
Kleiber C, Zeileis A (2010). “The Grunfeld Data at 50.” German Economic Review, 11, 404-417. https://EconPapers.repec.org/RePEc:bla:germec:v:11:y:2010:i::p:404-417.
website accompanying the paper with various variants of the Grunfeld data: https://eeecon.uibk.ac.at/~zeileis/grunfeld/.
See Also
For the complete Grunfeld data (11 firms), see AER::Grunfeld, in the AER package.
Use the following R code to directly access this dataset in R.
