Wooldridge Source: D. Romer (1993), “Openness and Inflation: Theory and Evidence,” Quarterly Journal of Economics 108, 869-903. The data are included in the article. Data loads lazily.

data('openness')

Format

A data.frame with 114 observations on 12 variables:

  • open: imports as percent GDP, '73-

  • inf: avg. annual inflation, '73-

  • pcinc: 1980 per capita inc., U.S. $

  • land: land area, square miles

  • oil: =1 if major oil producer

  • good: =1 if 'good' data

  • lpcinc: log(pcinc)

  • lland: log(land)

  • lopen: log(open)

  • linf: log(inf)

  • opendec: open/100

  • linfdec: log(inf/100)

Source

https://www.cengage.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9781111531041

Used in Text

pages 566, 579

Examples

str(openness)
#> 'data.frame': 114 obs. of 12 variables: #> $ open : num 31.4 9.4 16.7 35.6 91 ... #> $ inf : num 9.9 117 9.5 5 4.8 ... #> $ pcinc : int 1998 4342 8349 8230 9185 540 4454 9228 534 1529 ... #> $ land : num 919595 1072067 2966150 32375 240 ... #> $ oil : int 0 0 0 0 1 0 0 0 0 0 ... #> $ good : int 0 1 1 1 0 0 0 1 0 1 ... #> $ lpcinc : num 7.6 8.38 9.03 9.02 9.13 ... #> $ lland : num 13.73 13.89 14.9 10.39 5.48 ... #> $ lopen : num 3.45 2.24 2.82 3.57 4.51 ... #> $ linf : num 2.29 4.76 2.25 1.61 1.57 ... #> $ opendec: num 0.314 0.094 0.167 0.356 0.91 ... #> $ linfdec: num -2.313 0.157 -2.354 -2.996 -3.037 ... #> - attr(*, "time.stamp")= chr "25 Jun 2011 23:03"