R Dataset / Package Ecdat / Nerlove

On this R-data statistics page, you will find information about the Nerlove data set which pertains to Cost Function for Electricity Producers, 1955 . The Nerlove data set is found in the Ecdat R package. You can load the Nerlove data set in R by issuing the following command at the console data("Nerlove"). This will load the data into a variable called Nerlove. If R says the Nerlove data set is not found, you can try installing the package by issuing this command install.packages("Ecdat") and then attempt to reload the data with the library() command. If you need to download R, you can go to the R project website. You can download a CSV (comma separated values) version of the Nerlove R data set. The size of this file is about 7,218 bytes.

Cost Function for Electricity Producers, 1955

Description

a cross-section from 1955 to 1955

number of observations : 159

observation : production units

country : United States

Usage

data(Nerlove)

Format

A dataframe containing :

cost: total cost
output: total output
pl: wage rate
sl: cost share for labor
pk: capital price index
sk: cost share for capital
pf: fuel price
sf: cost share for fuel

Source

Nerlove, M. (1963) Returns to scale in electricity industry in Christ, C. ed. (1963) Measurement in Economics: Studies in Mathematical Economics and Econometrics in Memory of Yehuda Grunfeld , Stanford, California, Stanford University Press .

Christensen, L. and W. H. Greene (1976) “Economies of scale in U.S. electric power generation”, Journal of Political Economy, 84, 655-676.

References

Greene, W.H. (2003) Econometric Analysis, Prentice Hall, http://www.prenhall.com/greene/greene1.html, Table F14.2.

Hayashi, F. (2000) Econometrics, Princeton University Press, http://fhayashi.fc2web.com/hayashi_econometrics.htm, chapter 1, 76-84.

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