R: Expenditure Data for a Hausman Test in AIDS Model
daExp
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.