Determinants of Economic Growth
GrowthSW.RdData on average growth rates over 1960–1995 for 65 countries, along with variables that are potentially related to growth.
Usage
data("GrowthSW")Format
A data frame containing 65 observations on 6 variables.
- growth
average annual percentage growth of real GDP from 1960 to 1995.
- rgdp60
value of GDP per capita in 1960, converted to 1960 US dollars.
- tradeshare
average share of trade in the economy from 1960 to 1995, measured as the sum of exports (X) plus imports (M), divided by GDP; that is, the average value of (X + M)/GDP from 1960 to 1995.
- education
average number of years of schooling of adult residents in that country in 1960.
- revolutions
average annual number of revolutions, insurrections (successful or not) and coup d'etats in that country from 1960 to 1995.
- assassinations
average annual number of political assassinations in that country from 1960 to 1995 (in per million population).
References
Beck, T., Levine, R., and Loayza, N. (2000). Finance and the Sources of Growth. Journal of Financial Economics, 58, 261–300.
Stock, J. H. and Watson, M. W. (2007). Introduction to Econometrics, 2nd ed. Boston: Addison Wesley.
Examples
data("GrowthSW")
summary(GrowthSW)
#> growth rgdp60 tradeshare education
#> Min. :-2.8119 Min. : 367 Min. :0.1405 Min. : 0.200
#> 1st Qu.: 0.8382 1st Qu.:1148 1st Qu.:0.3933 1st Qu.: 1.940
#> Median : 1.9751 Median :2019 Median :0.5433 Median : 3.650
#> Mean : 1.9427 Mean :3104 Mean :0.5647 Mean : 3.985
#> 3rd Qu.: 2.8803 3rd Qu.:5143 3rd Qu.:0.6816 3rd Qu.: 5.560
#> Max. : 7.1569 Max. :9895 Max. :1.9926 Max. :10.070
#> revolutions assassinations
#> Min. :0.00000 Min. :0.0000
#> 1st Qu.:0.00000 1st Qu.:0.0000
#> Median :0.06667 Median :0.1000
#> Mean :0.16745 Mean :0.2776
#> 3rd Qu.:0.26667 3rd Qu.:0.2333
#> Max. :0.97037 Max. :2.4667