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The Grunfeld data at 50
JournalArticle (Originalarbeit in einer wissenschaftlichen Zeitschrift)
 
ID 147728
Author(s) Kleiber, Christian; Zeileis, Achim
Author(s) at UniBasel Kleiber, Christian
Year 2010
Title The Grunfeld data at 50
Journal German Economic Review
Volume 11
Number 4
Pages / Article-Number 404-417
Keywords C80, C23, C30, Multiple-equation models, panel data, reproducibility
Abstract This paper revisits Grunfeld's well-known investment data, one of the most widely used data sets in all of econometrics, on the occasion of their 50th anniversary. It presents, apparently for the first time after the publication of the original Chicago Ph.D.~thesis, the full data set, points out errors and inconsistencies in several currently available versions, and also revisits a number of empirical studies from the literature of the last five decades. Our findings provide a cautionary tale on the use of widely known data and underline the need for mandatory data and code archives. This paper revisits Grunfeld's well-known investment data, one of the most  widely used data sets in all of applied econometrics, on the occasion of their 50th anniversary. It presents, apparently for the first time after the  publication of the original Chicago Ph.D. thesis, the full data set, points out errors and inconsistencies in several currently available versions, and also revisits a number of empirical studies from the literature of the last five decades.   Our findings provide a cautionary tale on the use of widely known data and underline the need for mandatory data and code archives.
Publisher Blackwell
ISSN/ISBN 1465-6485 ; 1468-0475
edoc-URL http://edoc.unibas.ch/dok/A5839428
Full Text on edoc No
Digital Object Identifier DOI 10.1111/j.1468-0475.2010.00513.x
ISI-Number WOS:000282182100002
Document type (ISI) Article
 
   

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