On this R-data statistics page, you will find information about the Grunfeld data set which pertains to Grunfeld's Investment Data. The Grunfeld data set is found in the plm R package. You can load the Grunfeld data set in R by issuing the following command at the console data("Grunfeld"). This will load the data into a variable called Grunfeld. If R says the Grunfeld data set is not found, you can try installing the package by issuing this command install.packages("plm") and then attempt to reload the data. If you need to download R, you can go to the R project website. You can download a CSV (comma separated values) version of the Grunfeld R data set. The size of this file is about 4,900 bytes.

Grunfeld's Investment Data

Description

A balanced panel of 10 observational units (firms) from 1935 to 1954

total number of observations : 200

observation : production units

country : United States

Usage

data(Grunfeld)

Format

A data frame containing :

firm

observation

year

date

inv

gross Investment

value

value of the firm

capital

stock of plant and equipment

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, Badi H. (2001) Econometric Analysis of Panel Data, 2nd ed., John Wiley and Sons;
accompanying website http://www.wiley.com/legacy/wileychi/baltagi/.

Baltagi, Badi H. (2013) Econometric Analysis of Panel Data, 5th ed., John Wiley and Sons;
accompanying website http://bcs.wiley.com/he-bcs/Books?action=resource&bcsId=4338&itemId=1118672321&resourceId=13452.

Grunfeld, Yehuda (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(4), pp. 404–417, http://dx.doi.org/10.1111/j.1468-0475.2010.00513.x;
website accompanying the paper with various variants of the Grunfeld data: http://statmath.wu-wien.ac.at/~zeileis/grunfeld/.

See Also

For the complete Grunfeld data (11 firms), see Grunfeld, in the AER package.

Examples

## Not run: 
# Compare plm's Grunfeld data to Baltagi's (2001) Grunfeld data:
  data(Grunfeld, package="plm")
  Grunfeld_baltagi2001 <- read.csv("http://www.wiley.com/legacy/wileychi/
    baltagi/supp/Grunfeld.fil", sep="", header = FALSE)
  library(compare)
  compare::compare(Grunfeld, Grunfeld_baltagi2001, allowAll = T) # same data set
  
## End(Not run)

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Dataset imported from https://www.r-project.org.