Kmenta function

Partly Artificial Data on the U. S. Economy

These are partly contrived data from Kmenta (1986), constructed to illustrate estimation of a simultaneous-equation model.

The Kmenta data frame has 20 rows and 5 columns. data

Kmenta

Format

This data frame contains the following columns:

• Q: food consumption per capita.
• P: ratio of food prices to general consumer prices.
• D: disposable income in constant dollars.
• F: ratio of preceding year's prices received by farmers to general consumer prices.
• A: time in years.

Details

The exogenous variables D, F, and A are based on real data; the endogenous variables P and Q were generated by simulation.

Source

Kmenta, J. (1986) Elements of Econometrics, Second Edition, Macmillan.