Hayashi Source: Christensen, L., and W. Greene, 1976, "Economies of Scale in U.S. Electric Power Generation," Journal of Political Economy, 84, 655476.
data('greene')
A data.frame with 99 observations on 9 variables:
firm_id: The firm ID (row number) from Nerlove's 1955 sample
total_cost: total cost in 1970 of supply in millions of dollars
output: in billions of kilowatt hours
labor_price: the price of labor
fuel_price: the price of fuels
capital_price: the price of capital
capital_share: capital's cost share
labor_share: labor's cost share
fuel_share: fuel's cost share
https://sites.google.com/site/fumiohayashi/hayashi-econometrics/data-for-empirical
A cross-sectional data set on 99 firms in the year 1970 with data on total costs, factor prices (the wage rate, the price of fuel, and the rental price of capital), cost shares and output of power plants
Used in Chapter 4.7 and the Empirical Exercise of Chapter 4.
str(greene)#> Classes ‘tbl_df’, ‘tbl’ and 'data.frame': 99 obs. of 9 variables: #> $ firm_id : num 1 20 17 14 28 22 16 15 27 30 ... #> $ total_cost : num 0.213 0.489 0.616 0.761 0.636 ... #> $ output : num 8 14 50 65 67 90 183 295 374 378 ... #> $ price_labor : num 6869 5439 9204 8972 6696 ... #> $ price_capital: num 64.9 86.1 90.5 41.2 58.3 ... #> $ price_fuel : num 18 34.1 32.1 28.5 25.4 ... #> $ labor_share : num 0.329 0.299 0.296 0.28 0.245 ... #> $ capital_share: num 0.4197 0.4571 0.0981 0.1282 0.3674 ... #> $ fuel_share : num 0.251 0.243 0.606 0.592 0.388 ...