The Grunfeld Data at 50

Christian Kleiber, Achim Zeileis

Publication: Working/Discussion PaperWU Working Paper

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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 and points out errors and inconsistencies in several currently available versions. It also revisits a number of empirical studies from the literature of the last five decades.

Publication series

SeriesResearch Report Series / Department of Statistics and Mathematics
Number82

WU Working Paper Series

  • Research Report Series / Department of Statistics and Mathematics

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